Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated:
1
00:00:32,180 --> 00:00:32,570
okay, folks.
2
00:00:32,570 --> 00:00:33,680
Welcome back to another week.
3
00:00:34,280 --> 00:00:37,490
Today's Monday, September 24th, 2018.
4
00:00:38,570 --> 00:00:41,510
All right, we've got the economic
calendar in front of us Monday.
5
00:00:41,510 --> 00:00:45,110
We had druggie speaking at 90 and
caused a little bit of fireworks
6
00:00:45,110 --> 00:00:45,950
for the New York session.
7
00:00:46,730 --> 00:00:53,240
We'll cover that when we get to the
charts, uh, tomorrow, uh, we have consumer
8
00:00:53,240 --> 00:00:55,370
confidence for the dollar at 10:00 AM.
9
00:00:56,300 --> 00:00:57,020
Otherwise it's.
10
00:00:58,769 --> 00:01:03,629
Lackluster in terms of the kind of
account that we have, a 4:40 AM, medium
11
00:01:03,629 --> 00:01:10,620
impact, uh, speaker, I think it's going
to be too much of an impact Wednesday.
12
00:01:10,649 --> 00:01:12,000
This is what everyone's waiting for.
13
00:01:12,509 --> 00:01:15,899
We have 10:30 AM crude oil inventories.
14
00:01:15,990 --> 00:01:22,380
So New York session could see a loony
trade and let's say a dollar cab
15
00:01:22,500 --> 00:01:23,670
really just don't know what that is.
16
00:01:24,420 --> 00:01:31,289
And then the 2:00 PM, we have FLMC
projections and fed funds rate and
17
00:01:31,289 --> 00:01:33,630
then the press conference at two 30.
18
00:01:34,080 --> 00:01:38,699
So the market will probably give us an
opportunity on Tuesday overnight with
19
00:01:38,699 --> 00:01:44,280
a lack of rural, any medium or high
impact news, where you're on cable.
20
00:01:44,850 --> 00:01:49,860
And then it'll go quiet probably
during the overnight session, Wednesday
21
00:01:49,860 --> 00:01:53,250
into New York ahead of the FMC.
22
00:01:53,910 --> 00:01:55,800
Then on Thursday we have.
23
00:01:58,365 --> 00:02:03,945
The money supply and German and
preliminary CPI eighth, are you in
24
00:02:03,945 --> 00:02:09,615
New York session, core durable goods
and following GDP and in nine 30,
25
00:02:09,615 --> 00:02:11,835
am we have druggie speaking again?
26
00:02:11,865 --> 00:02:18,375
So we'll probably have a New York session
that's pretty eventful and a fed chair.
27
00:02:18,405 --> 00:02:24,495
Powell speaks high-impact at 4:30 PM
outside of our kills, more or less a New
28
00:02:24,495 --> 00:02:32,805
York close time of day and Friday, we
have GBP current account and final GDP.
29
00:02:33,704 --> 00:02:40,875
5:00 AM with flash estimate for
Euro 8:30 AM, New York session, core
30
00:02:40,905 --> 00:02:42,945
price index, and personal spending.
31
00:02:44,025 --> 00:02:50,085
And then Chicago PMI at 9:45 AM
and revised consumer sentiment
32
00:02:50,085 --> 00:02:52,305
at 10:00 AM closing out the week.
33
00:02:53,415 --> 00:02:53,535
So.
34
00:02:54,480 --> 00:02:58,080
In the grand scheme of things, we're
looking for an opportunity to trade
35
00:02:58,080 --> 00:03:03,120
intraday for Tuesday, and then on
Thursday, um, we should get some
36
00:03:03,120 --> 00:03:06,090
kind of, uh, event New York session.
37
00:03:06,090 --> 00:03:08,100
Now it's ahead of druggie speaking.
38
00:03:08,100 --> 00:03:13,110
So we could use that as an
exercise for seeking liquidity.
39
00:03:13,320 --> 00:03:13,530
Okay.
40
00:03:13,530 --> 00:03:17,370
So what you'll do is you'll look at
your charts ahead of the 9:30 AM.
41
00:03:17,400 --> 00:03:20,400
If it doesn't fact happens because
sometimes he's scheduled to speak
42
00:03:20,400 --> 00:03:22,320
and then it changes or cancels it.
43
00:03:22,890 --> 00:03:25,020
So be mindful of that.
44
00:03:25,020 --> 00:03:27,540
And we'll be looking for that as a study
opportunity, I'll probably share on
45
00:03:27,540 --> 00:03:32,910
Twitter, um, things that I'll be using
to prompt your attention via a chart and
46
00:03:32,910 --> 00:03:36,810
link and otherwise, uh, that's about it.
47
00:03:37,170 --> 00:03:39,990
Uh, I want to go over to the cot data.
48
00:03:40,170 --> 00:03:40,350
All right.
49
00:03:40,350 --> 00:03:42,930
So looking at the Euro,
this is the December futures
50
00:03:42,930 --> 00:03:44,520
contract or the Euro dollar.
51
00:03:45,690 --> 00:03:50,430
And what we see here at the
bottom is the red line here.
52
00:03:50,550 --> 00:03:50,790
Okay.
53
00:03:50,790 --> 00:03:54,420
The lent red line, Dylan needs the
commercials that is more or less the
54
00:03:54,840 --> 00:04:01,290
smart money, as you can see for the
bulk of the last 12 months, we have been
55
00:04:01,290 --> 00:04:09,090
below the zero basis line, which is not
how we interpret CT data, the retail
56
00:04:09,090 --> 00:04:11,220
universe folks, outside of mentorship.
57
00:04:11,490 --> 00:04:14,550
When they look at the commitment
of traders, they see all this.
58
00:04:15,600 --> 00:04:15,870
Okay.
59
00:04:15,870 --> 00:04:19,170
And naturally assume that the
information is useless and it's
60
00:04:19,170 --> 00:04:23,430
not, you have to look at the last 12
months data and determine a range.
61
00:04:23,880 --> 00:04:24,210
Okay.
62
00:04:24,210 --> 00:04:28,110
And when you do that, you can see
that we actually are very bullish and
63
00:04:28,110 --> 00:04:30,210
we have been bullish for some time.
64
00:04:30,210 --> 00:04:37,110
Now about the third week or so in June,
2018, uh, we started seeing some major
65
00:04:37,110 --> 00:04:41,970
accumulation by the commercials, even
though we are below the zero line still.
66
00:04:42,390 --> 00:04:47,265
And the less in terms of the range of
the last 12 months, We are quote unquote
67
00:04:47,565 --> 00:04:53,445
knit long in the summary of, uh, what
they're doing for their hedging program.
68
00:04:54,315 --> 00:05:00,775
So we can see the results of that
after hitting the low in August.
69
00:05:01,465 --> 00:05:04,914
So once we made our low, uh, we were
looking for, if you're new, go back
70
00:05:04,914 --> 00:05:09,294
and look at the, the analysis and what
we were looking for back then and what
71
00:05:09,294 --> 00:05:14,515
we've been anticipating since we've been
targeting these equal highs in here.
72
00:05:14,515 --> 00:05:17,245
And they have since been
traded to last Friday.
73
00:05:17,245 --> 00:05:21,265
And today at the time of this
recording has already shown a
74
00:05:21,265 --> 00:05:22,344
willingness to get up there.
75
00:05:22,435 --> 00:05:25,435
And intra-day rejection
both Friday and today.
76
00:05:26,395 --> 00:05:29,065
And we'll talk more about that when
we get into the lower timeframe
77
00:05:29,065 --> 00:05:34,585
charts, uh, while we're looking at
this, longer-term, everything's still
78
00:05:34,585 --> 00:05:37,585
factored for a bullish slant, no words.
79
00:05:38,125 --> 00:05:39,565
Uh, we don't really see them.
80
00:05:40,875 --> 00:05:45,975
Unwinding this Bush condition relative
to how I interpret your T data.
81
00:05:46,965 --> 00:05:49,995
If you haven't gotten to that
portion of the mentorship, trust
82
00:05:49,995 --> 00:05:51,315
me, you'll get to it eventually.
83
00:05:51,885 --> 00:05:55,125
And this lesson, you make a
little notation on this particular
84
00:05:55,125 --> 00:05:56,415
lesson today and it's date.
85
00:05:56,805 --> 00:05:59,865
And once you see the cot teachings,
then come back to this lesson.
86
00:05:59,865 --> 00:06:02,715
You'll get a greater understanding
about what it is on recurrent to,
87
00:06:03,645 --> 00:06:08,835
but we've been mentioning the equal
highs here on our weekly commentary.
88
00:06:09,675 --> 00:06:12,735
And I still think that's the draw
on liquidity, even though we still
89
00:06:12,735 --> 00:06:17,085
have, you know, probably short-term
consolidation or retracement in the
90
00:06:17,085 --> 00:06:23,745
works, unless we break below 1 16 50,
uh, everything stays bullish at least
91
00:06:23,745 --> 00:06:28,485
from a price action standpoint, the
long-term fundamentals with the seasonal
92
00:06:28,485 --> 00:06:33,945
tendency being bullish and then adding
to it, the increasing bullishness
93
00:06:34,005 --> 00:06:36,164
of the commercial's net position.
94
00:06:36,555 --> 00:06:36,795
Again.
95
00:06:38,535 --> 00:06:43,425
Do not assume that what I'm saying by
a net long position by the commercials
96
00:06:43,845 --> 00:06:45,975
is what should be depicted here.
97
00:06:46,185 --> 00:06:46,635
Okay.
98
00:06:46,665 --> 00:06:48,705
Based on that zero line, forget that.
99
00:06:48,885 --> 00:06:49,185
Okay.
100
00:06:49,265 --> 00:06:51,135
Just discard that for a little while.
101
00:06:51,645 --> 00:06:55,395
And just the fact that we're looking
at a 12 month range, and that's
102
00:06:55,395 --> 00:06:56,745
what this chart is depicting here.
103
00:06:57,495 --> 00:07:01,485
Once you see that we're at the top
end of that last 12 months range.
104
00:07:01,515 --> 00:07:05,175
So they're in the stance
of their hedging program.
105
00:07:05,355 --> 00:07:07,185
And that's what the commercials really do.
106
00:07:07,785 --> 00:07:14,415
Their primary focus is to provide a
smooth delivery of pricing, um, and
107
00:07:14,415 --> 00:07:17,325
especially looking at like agricultural
markets and things like that.
108
00:07:17,325 --> 00:07:21,345
Livestock, uh, otherwise your box of
cereal in the grocery store would be
109
00:07:21,345 --> 00:07:24,345
$10 one week, and then you $5 the next.
110
00:07:25,275 --> 00:07:30,495
So we're looking for that continuation
on the outside at one 20, and then.
111
00:07:31,680 --> 00:07:34,650
We'll see what we see once we get
there relative to the commercials
112
00:07:34,650 --> 00:07:37,980
and for seasonal tendencies, that
may be overlapping at the same time.
113
00:07:38,730 --> 00:07:38,910
All right.
114
00:07:38,910 --> 00:07:43,140
So we're going to take a look at the
pound wonderful thing about this chart.
115
00:07:43,140 --> 00:07:48,510
Once you have it set up to change to
be in here and everything magically
116
00:07:48,510 --> 00:07:53,340
changes to British pound, all the
settings will stay as you've seen.
117
00:07:54,960 --> 00:08:00,720
And as we noted last time, referring
to the cot data, we've had an
118
00:08:00,720 --> 00:08:04,710
extremely net long session by the
commercials in the British pound.
119
00:08:05,220 --> 00:08:10,110
And we have seen a favorable
outcome in our analysis and it hit
120
00:08:10,140 --> 00:08:13,440
our liquidity pool here as well.
121
00:08:14,010 --> 00:08:17,190
And we'll get into great detail and go
into our charts for lower timeframes.
122
00:08:18,480 --> 00:08:24,150
But for right now, just know that, uh, 1
31 for the British pound futures contract,
123
00:08:24,750 --> 00:08:26,910
uh, that is support that is going to be.
124
00:08:27,990 --> 00:08:30,240
Longer term bullish order block.
125
00:08:30,270 --> 00:08:31,950
Now it may eat into that.
126
00:08:32,220 --> 00:08:32,550
Okay.
127
00:08:32,580 --> 00:08:39,330
I can go down into a 1 30, 1 30, you
could still maintain it rather bullish
128
00:08:41,400 --> 00:08:45,990
stance for price action, and it may
need to do that because we've covered a
129
00:08:45,990 --> 00:08:48,600
lot of ground in a short span of time.
130
00:08:48,600 --> 00:08:52,290
But the second or third week
of August, we'll meet that low.
131
00:08:52,320 --> 00:08:55,290
We're looking for that, uh,
continuation of longer term.
132
00:08:56,220 --> 00:09:01,230
And we may be reaching up into that
1 36 before the end of the year.
133
00:09:01,230 --> 00:09:07,920
That would be my intermediate to
long-term horizon upside objective.
134
00:09:08,910 --> 00:09:14,520
Obviously we've got 1 34 to contend with
and in last week's, um, high as well, but,
135
00:09:14,550 --> 00:09:21,990
uh, one 30 needs to, uh, find at least
some measurable, uh, rejection rejection.
136
00:09:21,990 --> 00:09:24,210
If you will, it needs to come away
from the, if it trades down there,
137
00:09:24,510 --> 00:09:25,260
they may not even go there yet.
138
00:09:26,700 --> 00:09:31,530
But if it trades the one 30, it needs to
be quick sudden response and then get out
139
00:09:31,530 --> 00:09:32,820
of there real quick and go to the north.
140
00:09:33,430 --> 00:09:38,400
If it doesn't the longer time it
spends meandering between 1 31 and
141
00:09:38,400 --> 00:09:41,940
one 30 more likelihood is that we'll
consolidate for a longer period of time.
142
00:09:41,940 --> 00:09:43,320
And that's not what we want to see.
143
00:09:43,620 --> 00:09:43,860
Okay.
144
00:09:43,860 --> 00:09:46,680
So, uh, I don't think it's going to
happen that way because they're going
145
00:09:46,680 --> 00:09:48,000
into the last few months of the year.
146
00:09:48,000 --> 00:09:51,750
And generally that's pretty exciting in
terms of volatility and they've already
147
00:09:51,750 --> 00:09:54,720
priced in a huge net loan position here.
148
00:09:55,230 --> 00:09:58,830
And I don't think it unwinds until
we clear that 1 36 longer-term.
149
00:09:59,130 --> 00:09:59,280
Okay.
150
00:09:59,280 --> 00:10:02,820
So now once they've hedged all
the way through the mid point of
151
00:10:02,820 --> 00:10:07,050
Joel, uh, June going into July
and when were they doing that?
152
00:10:07,110 --> 00:10:08,580
Uh, buying up here.
153
00:10:09,120 --> 00:10:15,780
So the heads that greater here,
once we get above that high,
154
00:10:16,260 --> 00:10:18,120
that, where they'd be offsetting.
155
00:10:19,064 --> 00:10:19,305
Okay.
156
00:10:19,305 --> 00:10:22,785
So even though they're, they're buying
in here, buying, buying, buying,
157
00:10:22,785 --> 00:10:24,885
buying, buying, buying, buying all
through here, they're buying more
158
00:10:24,885 --> 00:10:27,314
of it as prices going back up.
159
00:10:27,795 --> 00:10:29,355
They're selling portions of it.
160
00:10:29,954 --> 00:10:33,375
Not a lot, but just
scaling out as they go.
161
00:10:33,975 --> 00:10:37,485
And what that does is it provides
liquidity to the marketplace.
162
00:10:37,905 --> 00:10:39,704
It also smooths out pricing.
163
00:10:39,704 --> 00:10:44,415
So we don't get these erratic, uh,
spikes in the currency markets, even
164
00:10:44,415 --> 00:10:47,535
though we do get them periodically
and we liked them, we invite them.
165
00:10:48,015 --> 00:10:50,954
Um, it would be far more erratic
if they weren't doing what you
166
00:10:50,954 --> 00:10:54,074
see here is everything's been
real smooth on the downside.
167
00:10:54,615 --> 00:10:59,954
Once they reached their morals to
high end that they're buying and the
168
00:10:59,954 --> 00:11:02,115
green line, which is the large funds.
169
00:11:02,535 --> 00:11:02,775
Okay.
170
00:11:02,775 --> 00:11:05,625
Cause they're going to be
diametrically opposed in trending
171
00:11:05,625 --> 00:11:08,235
markets, the green line fellows.
172
00:11:09,165 --> 00:11:09,465
Okay.
173
00:11:09,465 --> 00:11:10,935
Our group, I shouldn't say it like that.
174
00:11:10,995 --> 00:11:15,045
Um, the ladies, but the generally you
can see that they're right when it's
175
00:11:15,074 --> 00:11:16,814
a trending market, but they're wrong.
176
00:11:16,814 --> 00:11:17,595
Every major term.
177
00:11:19,094 --> 00:11:22,425
They're always going to be
holding their heaviest net long
178
00:11:22,425 --> 00:11:26,415
position at tops and heaviest net
short positions at the bottoms.
179
00:11:26,954 --> 00:11:29,685
And that's okay to them because
they're long-term trend following
180
00:11:29,685 --> 00:11:33,885
models pretty much keep them on the
right side of the market over time.
181
00:11:34,425 --> 00:11:40,125
So we focused on is the extremes with
commercials, which is that red line.
182
00:11:40,694 --> 00:11:47,145
And we get a better perspective on
what the health of a macro trend is.
183
00:11:47,714 --> 00:11:50,984
And right now this doesn't
look like any kind of reversal
184
00:11:50,984 --> 00:11:53,115
to me for a downside move.
185
00:11:53,714 --> 00:11:56,865
I just think that we're probably going
to have to chop around here a little bit.
186
00:11:56,875 --> 00:12:00,615
If we don't trade back down to one 30 and
if we get to one 30, that would probably
187
00:12:00,615 --> 00:12:03,405
be the next catalyst for the next move up.
188
00:12:04,214 --> 00:12:08,805
And then obviously we've been mentioning
that 1 36 level here for the futures
189
00:12:08,805 --> 00:12:12,555
contract, but that's the same relative
equal highs that we've been mentioning
190
00:12:12,555 --> 00:12:14,474
when we look at power cable chart.
191
00:12:14,805 --> 00:12:16,334
And with that, let's move over to four X.
192
00:12:20,095 --> 00:12:22,435
Okay folks, we're looking at the
dollar index is a daily chart.
193
00:12:23,545 --> 00:12:26,275
So we've taken out two levels
of sell-side liquidity.
194
00:12:26,305 --> 00:12:30,235
So liquidity pool for south stops
here, and a liquidity pool for
195
00:12:30,235 --> 00:12:32,125
south stocks have been taken here.
196
00:12:33,055 --> 00:12:36,955
I do suspect that we're going to
still be reaching for this level
197
00:12:36,955 --> 00:12:38,155
right here with the equal lows.
198
00:12:38,365 --> 00:12:41,215
The we've been targeting
that for several weeks now.
199
00:12:41,995 --> 00:12:46,585
So we'll be looking for that as a
downside draw on liquidity, uh, because
200
00:12:46,585 --> 00:12:49,855
we have the FLMC news this week.
201
00:12:50,335 --> 00:12:58,435
Um, we may have the likelihood
to run up to clear these candles
202
00:12:58,435 --> 00:12:59,995
right in here for whatever reason.
203
00:13:00,505 --> 00:13:04,675
And I can't really just make it
very plain for you to understand,
204
00:13:04,885 --> 00:13:05,995
cause I might be wrong.
205
00:13:06,115 --> 00:13:06,565
Okay.
206
00:13:06,685 --> 00:13:08,485
But I'm looking at it.
207
00:13:08,485 --> 00:13:11,155
And just to me, it looks suspect.
208
00:13:11,215 --> 00:13:14,245
And the reason why, if you look
at the bulk of the volume in here,
209
00:13:14,245 --> 00:13:15,985
it's been this big, long consulted.
210
00:13:17,295 --> 00:13:20,295
Now, yes, we've had this pop
up here and then rejected it.
211
00:13:20,805 --> 00:13:22,935
But nonetheless, the bulk
of the volume is here.
212
00:13:23,475 --> 00:13:29,415
So we could come back one more time
to try to at least swipe these highs.
213
00:13:29,955 --> 00:13:31,385
That's the bull shot of the week.
214
00:13:31,395 --> 00:13:34,695
And I don't see us returning bullish
from where we're at right now.
215
00:13:34,815 --> 00:13:38,175
I still think that at the very
minimum, but one to come below this
216
00:13:38,175 --> 00:13:41,205
low here, but ultimately I think you're
going to try to draw down the here.
217
00:13:41,775 --> 00:13:44,295
Now also look at what's going on.
218
00:13:45,825 --> 00:13:48,255
Let me take this little,
he lifts up created here
219
00:13:51,675 --> 00:13:57,915
and we'll take it and move it on
up here from a retail perspective.
220
00:13:58,935 --> 00:14:02,895
And you probably have been noticing
this on your own charts since its
221
00:14:04,065 --> 00:14:06,975
formation over the last couple of weeks.
222
00:14:07,875 --> 00:14:09,795
I haven't mentioned it until now.
223
00:14:09,825 --> 00:14:13,095
So right now we have.
224
00:14:14,685 --> 00:14:19,785
AC, you know, more or less like
classic head and shoulders pattern of
225
00:14:19,785 --> 00:14:22,845
sell off of a classic price pattern.
226
00:14:24,255 --> 00:14:28,814
If you look at the low to low and
here's another low here, draw that out
227
00:14:28,875 --> 00:14:32,564
to me personally, I would use this low
and this low to create the neck line.
228
00:14:32,574 --> 00:14:35,265
Let's do that now.
229
00:14:35,265 --> 00:14:42,645
I'm not teaching the
dependence on this pattern.
230
00:14:43,185 --> 00:14:47,775
What I'm going to show you is as
I suspect maybe, uh, in the cards.
231
00:14:51,055 --> 00:14:51,175
Okay.
232
00:14:51,175 --> 00:14:55,855
So we have the high down to the neck line.
233
00:14:57,954 --> 00:14:58,285
Okay.
234
00:14:58,314 --> 00:15:05,305
Classic measurement of swing
projection once the neck line breaks.
235
00:15:06,595 --> 00:15:07,005
Okay.
236
00:15:09,355 --> 00:15:11,785
I can extend this out a
little bit, get to an extent.
237
00:15:20,995 --> 00:15:22,435
And that neckline broke
238
00:15:26,035 --> 00:15:26,605
right here.
239
00:15:30,175 --> 00:15:32,545
So I would draw it from that there.
240
00:15:33,055 --> 00:15:35,365
And that takes us down to this level.
241
00:15:36,265 --> 00:15:39,265
So around 91, 87.
242
00:15:39,805 --> 00:15:40,045
Okay.
243
00:15:40,045 --> 00:15:45,025
So 91 87 is the classic head and
shoulders, top price projection.
244
00:15:46,645 --> 00:15:53,275
What I see is if we do so off and
maybe we blow out these stops, okay.
245
00:15:53,275 --> 00:15:56,365
And once we get below these lows,
everyone else is going to be
246
00:15:56,365 --> 00:15:58,315
looking for this continuation lower.
247
00:15:59,635 --> 00:16:00,265
I won't be.
248
00:16:00,895 --> 00:16:05,005
I think that we'll probably see a
run below these lows here and then
249
00:16:05,035 --> 00:16:09,415
maybe reject and try to continuously
move higher on the longer-term.
250
00:16:10,015 --> 00:16:17,680
Cause if you look at what we've done,
We've seen a retracement of just
251
00:16:17,710 --> 00:16:23,140
a rail here, another higher rally,
higher rally, higher rally rejection.
252
00:16:23,560 --> 00:16:26,200
And overall, everyone's going
to be trying to capture the
253
00:16:26,380 --> 00:16:28,540
long-term top in dollar index.
254
00:16:29,650 --> 00:16:30,880
I personally don't see it.
255
00:16:31,000 --> 00:16:33,940
I don't want to trade with that mindset
and I certainly don't want to teach
256
00:16:33,940 --> 00:16:37,570
it to you because it's like gambling.
257
00:16:37,900 --> 00:16:45,550
So what I see in the charts is
this retail idea that would further
258
00:16:48,010 --> 00:16:51,130
provide the fuel because sometimes
these patterns do work folks.
259
00:16:51,130 --> 00:16:52,300
I mean, this has to be real.
260
00:16:52,690 --> 00:16:55,840
Uh, sometimes you can look back in the
past and see where both legs, didn't
261
00:16:55,850 --> 00:16:59,020
fact work and head and shoulders
patterns worked and, you know,
262
00:16:59,050 --> 00:17:00,760
pennants and all those types of things.
263
00:17:01,600 --> 00:17:04,060
Everybody has examples
to put in their books.
264
00:17:04,930 --> 00:17:08,170
Me personally, I think that
this would be a reason to.
265
00:17:09,869 --> 00:17:13,439
Not fade the pattern because I still think
that we're going to go below these lows.
266
00:17:13,439 --> 00:17:15,839
That's my, that's my personal
target for the dollar.
267
00:17:16,349 --> 00:17:20,369
Once we get below that though,
I think that we will have very
268
00:17:20,369 --> 00:17:25,919
handsomely taken out all of the
bowls that have bought down here.
269
00:17:26,399 --> 00:17:27,149
Think about it there.
270
00:17:27,179 --> 00:17:29,490
I mean, to come all the way
down here, that is it possible.
271
00:17:29,490 --> 00:17:30,060
Sure could.
272
00:17:30,060 --> 00:17:33,959
I mean, it could very well fulfill
this head and shoulders pattern.
273
00:17:34,979 --> 00:17:40,949
If it does, then that's still the
same, um, pattern or, or consensus
274
00:17:40,949 --> 00:17:44,760
that I still think that once we take
out these levels, if we have to go
275
00:17:44,760 --> 00:17:46,169
down below this low, that's fine.
276
00:17:46,169 --> 00:17:50,159
Cause we are not clear in this
void here by running down to that
277
00:17:50,159 --> 00:17:52,439
level or get very close to it.
278
00:17:52,740 --> 00:17:56,610
We also be taking out these
relative equal lows where we in
279
00:17:56,610 --> 00:17:57,840
another cell stop liquidity pool.
280
00:17:57,870 --> 00:18:01,169
I don't have it referenced here because
it's not germane to where we are.
281
00:18:01,169 --> 00:18:01,770
Time-wise.
282
00:18:03,255 --> 00:18:06,585
I do suspect that they're going
to want to try to send it higher.
283
00:18:06,645 --> 00:18:10,245
Longer-term I don't think we've met
the long-term reversal Medallia yet.
284
00:18:10,665 --> 00:18:14,085
Can it break down to this level here
and then show continued weakness,
285
00:18:14,325 --> 00:18:15,735
then I'd have to revisit that idea.
286
00:18:15,945 --> 00:18:16,155
Okay.
287
00:18:16,155 --> 00:18:21,195
But I don't want to try to pick
long-term highs and lows given that
288
00:18:21,765 --> 00:18:28,545
is, um, viewing, uh, the still stick
with the bears tone on the dollar
289
00:18:28,665 --> 00:18:31,335
and bullish on foreign currencies.
290
00:18:31,905 --> 00:18:35,025
We still have a little bit more to
go in terms of the seasonal tendency
291
00:18:35,115 --> 00:18:38,865
has been depicted here, but the main
thing I wanted to kind of highlight for
292
00:18:38,865 --> 00:18:45,015
the dollar is we've been anticipating
bear seasonal tendency, but it wasn't
293
00:18:45,015 --> 00:18:51,195
until we hit that 96 98 level, which
is a hard time institutional low
294
00:18:51,215 --> 00:18:52,665
has been taught in the mentorship.
295
00:18:52,695 --> 00:18:56,085
If you don't know what that level
is trusting in the mentorship,
296
00:18:56,085 --> 00:18:59,715
you'll eventually get to this
portion of the content and
297
00:18:59,715 --> 00:19:00,915
you'll know what that level was.
298
00:19:00,915 --> 00:19:01,305
But as long as.
299
00:19:03,015 --> 00:19:07,095
We see now the technicals have
eventually moved in our favor,
300
00:19:07,125 --> 00:19:09,915
not just simply saying, okay,
it's a bear seasonal tendency.
301
00:19:09,915 --> 00:19:11,775
Therefore I'm going to sell any rally.
302
00:19:11,925 --> 00:19:15,555
No, there has to be some measurable
break in market structure.
303
00:19:15,585 --> 00:19:21,645
And then there has to be a willingness
to see price being held down by
304
00:19:21,645 --> 00:19:25,845
a closed candles and down closed
candles being broken through.
305
00:19:26,355 --> 00:19:26,565
Okay.
306
00:19:26,565 --> 00:19:28,785
That's how we measure
institutional order flow.
307
00:19:30,015 --> 00:19:32,745
If we do not see their
signatures and price action,
308
00:19:33,255 --> 00:19:35,895
then the high is a suspect high.
309
00:19:35,895 --> 00:19:38,355
It's not like it's set in stone.
310
00:19:38,385 --> 00:19:42,315
Whereas if we continuously see this
breakdown and say, it does take out
311
00:19:42,315 --> 00:19:43,815
this loan can then usually move slower.
312
00:19:44,235 --> 00:19:47,595
Then we have to go back and re
reference this high as a long-term high.
313
00:19:48,795 --> 00:19:51,285
The new student or new trader
would see that as well.
314
00:19:51,285 --> 00:19:54,075
That's useless to you because
it's so far behind us.
315
00:19:54,345 --> 00:19:58,335
Now, in fact, it's very useful because
it allows us the frame longer-term
316
00:19:58,335 --> 00:20:03,045
macro trends and swings in price action,
and still stay with that pattern.
317
00:20:03,075 --> 00:20:07,545
Associates cot continues to, um,
reflect the same pattern of maybe
318
00:20:07,545 --> 00:20:12,735
this being high of a longer-term
basis, something of that nature.
319
00:20:13,215 --> 00:20:14,955
So we're, we're blending several things.
320
00:20:14,955 --> 00:20:19,365
We're not just making a panacea or a be
all end, all silver bullet on the basis
321
00:20:19,425 --> 00:20:21,585
of a chart pattern or a seasonal tendency.
322
00:20:22,155 --> 00:20:28,005
We're incorporating multiple facets
of my mentorship content to get a
323
00:20:28,065 --> 00:20:31,125
perspective on price action that
will help, or at least at the very
324
00:20:31,125 --> 00:20:36,645
minimum, give us conviction, which
is what's necessary at the beginning.
325
00:20:36,645 --> 00:20:40,305
Before you make your decision without
the conviction you can't decide to do.
326
00:20:41,219 --> 00:20:44,070
And without doing anything
you can't participate.
327
00:20:44,370 --> 00:20:49,350
So you have to build these ideas up over
time, desensitize yourself, to what you
328
00:20:49,350 --> 00:20:52,740
think may happen in price and trust.
329
00:20:52,800 --> 00:20:54,899
What you're seeing in
terms of the concepts.
330
00:20:55,469 --> 00:20:58,500
Once they're applied over a long period
of time, which a long period of time,
331
00:20:58,620 --> 00:21:03,360
six to 12 months, this folks in here,
they're going through mentorship.
332
00:21:03,389 --> 00:21:04,919
You're actually trading with live funds.
333
00:21:05,370 --> 00:21:08,100
I told you not to trade with live
funds when you're in a mentorship,
334
00:21:08,310 --> 00:21:09,780
you know, you got to put that aside.
335
00:21:09,810 --> 00:21:10,979
Don't do it for 12 months.
336
00:21:11,399 --> 00:21:16,530
If you can't put live trading
aside for 12 months, you have new
337
00:21:16,530 --> 00:21:18,719
discipline without discipline.
338
00:21:18,750 --> 00:21:22,560
You're going to fail at this regardless
of what I teach you, whatever I've shown
339
00:21:22,560 --> 00:21:26,010
you in the past and free tutorials, all of
that's going to be useless to you because
340
00:21:26,010 --> 00:21:27,659
you are not in control of yourself.
341
00:21:28,740 --> 00:21:34,740
You're not going to miss anything by
staying in a demo for six to 12 months.
342
00:21:35,100 --> 00:21:35,429
Okay?
343
00:21:36,030 --> 00:21:39,120
If you do not listen to
this, I guarantee you.
344
00:21:39,915 --> 00:21:42,765
I'm guaranteeing this to every single
one of you that are not listening.
345
00:21:43,305 --> 00:21:44,715
And you're trying to treat life funds.
346
00:21:45,045 --> 00:21:46,875
You're going to lose money.
347
00:21:47,295 --> 00:21:50,865
You're going to think that this stuff
doesn't work because you're trying to use
348
00:21:51,075 --> 00:21:53,685
pieces of it with limited understanding.
349
00:21:53,895 --> 00:21:56,805
You don't know everything you're
supposed to know about these concepts.
350
00:21:57,105 --> 00:22:00,285
You're only learning
portions of each model.
351
00:22:00,315 --> 00:22:05,145
Even the core mentorship students,
you have the core Sierra behind
352
00:22:05,145 --> 00:22:08,775
you, but you're learning how
to apply them with the models.
353
00:22:08,955 --> 00:22:14,235
Taking specific things, placing
together to build models, to build what
354
00:22:14,235 --> 00:22:17,715
your convictions should be relative
to a specific market condition.
355
00:22:18,045 --> 00:22:20,475
OSHA bears, where should you engage?
356
00:22:20,775 --> 00:22:23,385
Where's the market reaching
for all those questions you ask
357
00:22:23,395 --> 00:22:25,065
to build up a trading model.
358
00:22:25,275 --> 00:22:28,305
That's what comes by way of experience.
359
00:22:28,575 --> 00:22:32,265
You're not going to build experience
losing money consistently because you're
360
00:22:32,265 --> 00:22:36,435
going to throw away the well, the desire.
361
00:22:37,125 --> 00:22:37,725
To be here.
362
00:22:37,785 --> 00:22:40,455
And it's not a sales pitch because
you've already, you're already here.
363
00:22:40,965 --> 00:22:42,105
So make the best of it.
364
00:22:42,135 --> 00:22:45,105
Listen to me, if you're gonna trust
me as a mentor and as a coach, I'm
365
00:22:45,105 --> 00:22:48,645
telling you the way you do this is
you do not trade with life funds.
366
00:22:48,885 --> 00:22:53,115
And that means even the penny accounts
or the dime accounts per, per PIP, that's
367
00:22:53,115 --> 00:22:57,495
still going to build toxic thinking in
your, in your mindset because you're
368
00:22:57,495 --> 00:23:01,335
worrying about money and you need to
learn how to worry about the price action.
369
00:23:01,365 --> 00:23:05,205
Only learning that because if you
understand that everything else
370
00:23:05,235 --> 00:23:08,205
is like tumblers and a lock and
opens up beautifully for you.
371
00:23:08,385 --> 00:23:14,025
But if you don't submit to the time
that's necessary and you do not
372
00:23:14,025 --> 00:23:17,085
trade with life funds, we teach
with a demo account for a reason.
373
00:23:17,235 --> 00:23:20,055
That's the only way you're
gonna learn this soundly.
374
00:23:20,595 --> 00:23:21,285
Soberly.
375
00:23:21,825 --> 00:23:26,925
If you end up, if you infuse money,
you're not going to get the lessons
376
00:23:26,925 --> 00:23:28,755
you're supposed to be getting,
because if you're right, you're
377
00:23:28,755 --> 00:23:29,565
going to think you're a rock.
378
00:23:30,330 --> 00:23:31,950
And it's easy, you figured it all out.
379
00:23:31,950 --> 00:23:33,810
And then you're going to go into a
tailspin and you're gonna be like,
380
00:23:33,840 --> 00:23:35,370
oh man, I don't know what I'm doing.
381
00:23:35,879 --> 00:23:37,080
And you're gonna become paralyzed.
382
00:23:37,320 --> 00:23:39,180
And you won't study effectively
because you're gonna be
383
00:23:39,180 --> 00:23:40,260
worrying about what you lost.
384
00:23:41,129 --> 00:23:44,790
And I'm telling you, if you do not
listen, you're going to regret it.
385
00:23:45,210 --> 00:23:47,730
And folks that went through the first
mentorship, you know what I'm talking
386
00:23:47,730 --> 00:23:54,360
about, they have had to gone through
the whole process all over again, every
387
00:23:54,360 --> 00:23:56,639
module, it like it was the first time.
388
00:23:56,790 --> 00:24:01,350
And without doing any live trading,
once you get to the point where you're
389
00:24:01,350 --> 00:24:04,440
not worried about the money and you're
consistently reading price, and it's
390
00:24:04,560 --> 00:24:09,950
giving you that feedback immediately,
that you're doing it accurately and
391
00:24:09,960 --> 00:24:14,550
proficiently you'll know when to make
the transition from demo to live.
392
00:24:14,670 --> 00:24:16,860
And no one does that
decision, but you okay?
393
00:24:16,860 --> 00:24:17,820
I don't tell you when to do it.
394
00:24:17,820 --> 00:24:18,899
You decide to do that.
395
00:24:19,260 --> 00:24:22,170
But while you're in the mentorship,
there should be no live trading.
396
00:24:23,760 --> 00:24:24,000
All right.
397
00:24:24,000 --> 00:24:25,920
So I'm going to take
this business off here.
398
00:24:26,190 --> 00:24:27,300
This is where I go away.
399
00:24:28,185 --> 00:24:30,165
To our Eurodollar tra chart.
400
00:24:32,415 --> 00:24:37,065
So we have the cell stuff,
still a draw on liquidity.
401
00:24:37,215 --> 00:24:41,265
So how we use that information, uh,
with FMC this week, uh, it could be a
402
00:24:41,265 --> 00:24:47,865
choppy pretty erratic week, but still
the, the daily range should be reaching
403
00:24:47,865 --> 00:24:50,505
for them relative to the daily chart.
404
00:24:50,925 --> 00:24:51,165
Okay.
405
00:24:51,165 --> 00:24:54,675
So the, the better moves, I think
personally are going to be on expanses.
406
00:24:54,725 --> 00:24:57,345
The downside with down
closes on the daily chart.
407
00:24:57,855 --> 00:24:59,505
So that's how we use this information.
408
00:24:59,895 --> 00:25:03,135
And you practice with that in mind,
even if you are working, you're running
409
00:25:03,135 --> 00:25:07,005
a business or whatever, you're dealing
with your school, you come home and
410
00:25:07,005 --> 00:25:10,365
you look at the chart after the fact,
and you go through the charts and put
411
00:25:10,545 --> 00:25:14,925
in the parts that you understand about
price action at your current level
412
00:25:14,925 --> 00:25:17,475
and the mentorship, and you record it.
413
00:25:18,405 --> 00:25:21,285
And you save that as part of your
study, your own, you put your
414
00:25:21,285 --> 00:25:24,254
annotations in on sharp, what you
observed, which you don't understand.
415
00:25:24,585 --> 00:25:26,415
You do not write questions on charts.
416
00:25:26,595 --> 00:25:26,835
Okay.
417
00:25:26,835 --> 00:25:30,465
You only fortify your understanding
by putting charts together.
418
00:25:30,795 --> 00:25:36,075
In hindsight, with looking at price
after it's already happened, using that
419
00:25:36,075 --> 00:25:40,875
as a basis for staying each day, Monday
through Friday, then on Saturday, you go
420
00:25:40,875 --> 00:25:45,254
back and re revisit all the charts that
you've made notes on, and you look at
421
00:25:45,254 --> 00:25:50,145
the entire weekly range in concert with
those ideas on the individual daily basis.
422
00:25:50,565 --> 00:25:55,754
And what that'll do over time, six
to 12 months of it, you'll start
423
00:25:55,965 --> 00:26:01,695
getting so accustomed to seeing
reoccurring patterns and profiles.
424
00:26:02,295 --> 00:26:04,665
When you get to the mentorship and
you start seeing the specific weekly
425
00:26:04,665 --> 00:26:09,135
profiles that we use, you'll know
what those signatures are each week
426
00:26:09,135 --> 00:26:10,695
when it starts to trade on them.
427
00:26:11,475 --> 00:26:15,105
And when we traded it Tuesday and
what you may have expected on Tuesday
428
00:26:15,105 --> 00:26:16,905
or Wednesday may in fact be wrong.
429
00:26:17,145 --> 00:26:18,735
And there's a transition that takes place.
430
00:26:18,735 --> 00:26:22,485
You may get a weekly, uh, reversal,
you know, once they weekly high
431
00:26:22,575 --> 00:26:27,045
or weekly load week, uh, profile
and those templates, okay.
432
00:26:27,045 --> 00:26:32,115
That provide you an action plan
where we don't generally get
433
00:26:32,115 --> 00:26:33,285
excited about trading Fridays.
434
00:26:33,285 --> 00:26:36,254
Today, I'm going to teach you a little bit
about how you can use Fridays as a trading
435
00:26:36,254 --> 00:26:38,805
concept and opportunity for trading.
436
00:26:39,105 --> 00:26:41,595
I don't do a lot of it, but there's
certain criteria that I used.
437
00:26:41,595 --> 00:26:43,485
It will frame a Friday trading.
438
00:26:43,485 --> 00:26:45,075
It's the TGF trade.
439
00:26:45,105 --> 00:26:45,525
Usually.
440
00:26:46,065 --> 00:26:49,155
Um, I make people go through the
entire 12 months content, but just
441
00:26:50,355 --> 00:26:54,945
this past week was a wonderful example
where at this camp miss teaching it.
442
00:26:55,035 --> 00:26:59,565
So you're going to get something that
the original group got initially,
443
00:27:00,045 --> 00:27:01,905
uh, only until beginning of 2008.
444
00:27:03,300 --> 00:27:07,560
So I just, if I don't do it this week,
I'm probably going to forget about it and
445
00:27:07,560 --> 00:27:10,260
it'll have to be pushed off to another
time when I do think about doing it again.
446
00:27:10,260 --> 00:27:13,020
So I want to use this week as an
opportunity to do that as well.
447
00:27:13,830 --> 00:27:15,810
So can you use lean moving lower?
448
00:27:15,810 --> 00:27:20,879
That's what we're looking for on dollar
now in a year, a dollar, uh, we've had two
449
00:27:20,879 --> 00:27:23,030
levels of ISAT liquidity pools right now.
450
00:27:23,080 --> 00:27:27,060
We've been targeting these equal
highs for weeks, for weeks.
451
00:27:27,060 --> 00:27:30,300
We've been looking for that since
the second week of August, we were
452
00:27:30,300 --> 00:27:31,800
looking for these equal highs.
453
00:27:31,800 --> 00:27:32,459
We ran out.
454
00:27:32,879 --> 00:27:35,250
We finally got that last week,
and then we did it one more time.
455
00:27:35,250 --> 00:27:41,129
This week, intraday, um, this by stop
liquidity pool was, uh, blown out too.
456
00:27:41,669 --> 00:27:47,310
I think personally that we will still
see the relative equal highs here.
457
00:27:47,699 --> 00:27:49,860
I still think that's the draw
on liquidity, not what we do
458
00:27:49,860 --> 00:27:50,790
once we get to this point.
459
00:27:51,030 --> 00:27:56,010
If we don't show any kind of reversal
or unwillingness to go, hi, I'm sorry.
460
00:27:56,070 --> 00:27:57,149
I'm willing to go lower rather.
461
00:27:57,600 --> 00:28:01,080
Uh, then we'll be looking for this one
here, but that's about as far as I can.
462
00:28:02,175 --> 00:28:03,285
From a time horizon.
463
00:28:03,525 --> 00:28:10,515
Um, I just think that these are a real
easy logical level for drawing liquidity.
464
00:28:11,715 --> 00:28:15,555
Now, the levels here, once we trade
through them, I'm going to start
465
00:28:15,975 --> 00:28:21,195
taking them and shading them to a,
a less, a lesser, um, you or color.
466
00:28:22,305 --> 00:28:26,325
Once these have been traded in used,
we'll be obviously removing them,
467
00:28:26,775 --> 00:28:30,225
but for the sake of using them for
a lower timeframe, uh, they're here.
468
00:28:30,555 --> 00:28:34,875
So I'm going to drop down into a
hourly chart and then we'll drop into
469
00:28:34,875 --> 00:28:36,645
our standard 15 minute timeframe.
470
00:28:36,975 --> 00:28:42,255
But before I do it, just trust that
when we put these charts together,
471
00:28:43,455 --> 00:28:46,455
when I put them together and I share
with you each week, um, they're not
472
00:28:46,455 --> 00:28:47,805
meant to share with other people.
473
00:28:48,195 --> 00:28:55,155
And, um, I'm really concerned that the
newer group that's coming in, that you
474
00:28:55,155 --> 00:28:57,375
probably just discovered me or whatever.
475
00:28:58,065 --> 00:28:59,655
I take my information.
476
00:29:00,629 --> 00:29:01,470
Very serious.
477
00:29:01,530 --> 00:29:03,149
It's very important that
you understand that.
478
00:29:03,480 --> 00:29:07,379
I respect my own creations,
like my own children.
479
00:29:07,830 --> 00:29:08,159
Okay.
480
00:29:08,159 --> 00:29:12,510
And some of you are seeing this
information for the first time
481
00:29:12,510 --> 00:29:13,980
and you're excited and I get it.
482
00:29:14,399 --> 00:29:17,220
And you want to share with
other people that you're, you're
483
00:29:17,220 --> 00:29:20,370
learning something because maybe
it makes you feel significant.
484
00:29:20,370 --> 00:29:21,899
Now it makes you feel empowered.
485
00:29:22,439 --> 00:29:26,610
Um, if you share with other people,
that's violating the terms of use.
486
00:29:26,909 --> 00:29:27,179
Okay.
487
00:29:27,179 --> 00:29:28,379
And you can lose your account.
488
00:29:28,800 --> 00:29:33,780
Uh, we're pushing almost 70 people since I
started doing this, uh, mentorship stuff.
489
00:29:34,320 --> 00:29:36,389
Um, I've banned them.
490
00:29:36,449 --> 00:29:38,570
That means they can't
come back in and out.
491
00:29:38,570 --> 00:29:41,580
Does that mean they can't create another
accountant repaid to go through it all
492
00:29:41,580 --> 00:29:42,720
over again, to be part of the group?
493
00:29:42,990 --> 00:29:43,709
I'm sure they could.
494
00:29:43,919 --> 00:29:44,280
Okay.
495
00:29:44,310 --> 00:29:45,600
But do you want to go through that?
496
00:29:46,290 --> 00:29:50,159
All I'm saying is if you're new
and you're, you're, you're getting
497
00:29:50,159 --> 00:29:52,169
overzealous about what you're learning.
498
00:29:52,199 --> 00:29:52,740
I get it.
499
00:29:52,740 --> 00:29:53,340
Don't get me wrong.
500
00:29:53,370 --> 00:29:57,449
I get it because it's neat to see
this stuff working consistently.
501
00:29:58,350 --> 00:29:59,010
Please.
502
00:29:59,219 --> 00:30:01,080
It's not meant for the general public.
503
00:30:01,199 --> 00:30:02,399
You paid to be here.
504
00:30:03,209 --> 00:30:04,020
Keep it that way.
505
00:30:04,350 --> 00:30:05,850
Any conversations you want to have.
506
00:30:06,239 --> 00:30:06,689
Okay.
507
00:30:06,810 --> 00:30:07,620
Put it in your journal.
508
00:30:08,189 --> 00:30:09,479
You impress yourself.
509
00:30:09,510 --> 00:30:11,479
Don't worry about impressing
everyone else because they're
510
00:30:11,479 --> 00:30:13,290
really, they're not going to be as
impressed as you think they would be.
511
00:30:14,370 --> 00:30:16,320
So would that amount of gonna
drop down into an hourly chart?
512
00:30:16,320 --> 00:30:17,459
Just keep these levels in mind.
513
00:30:17,760 --> 00:30:20,669
They'll all be there on the chart
when I dropped to an hourly basis
514
00:30:20,760 --> 00:30:26,040
and we'll talk about them as
we get to points of necessity.
515
00:30:27,360 --> 00:30:27,570
All right.
516
00:30:27,570 --> 00:30:30,570
So we have a order block and
that's what this level is.
517
00:30:30,570 --> 00:30:31,050
Now here.
518
00:30:32,070 --> 00:30:34,409
I guess it should drop back
to that alley from the alley
519
00:30:34,409 --> 00:30:37,560
to the dealing right in here.
520
00:30:37,560 --> 00:30:47,489
This is the open that's been calibrated to
a five level 1 16 25 in this down candle.
521
00:30:47,699 --> 00:30:52,409
If you notice the open
KC, what that is 1 16 24.
522
00:30:53,189 --> 00:30:56,189
So last week we opened.
523
00:30:57,435 --> 00:30:59,774
Great around it and trade it
down into it and then rallied
524
00:30:59,805 --> 00:31:01,335
so far above and trading down.
525
00:31:01,815 --> 00:31:07,095
And if the open is 24, 16 24, and
we're above price, trying to reach
526
00:31:07,095 --> 00:31:10,725
down to that level, we always calibrate
to the nearest five or zero level.
527
00:31:10,875 --> 00:31:11,055
Okay.
528
00:31:11,055 --> 00:31:13,274
So that's certain
institutional pricing model.
529
00:31:13,875 --> 00:31:17,145
So that's how we specifically
aim for price levels.
530
00:31:17,145 --> 00:31:18,254
We don't trade in zones.
531
00:31:18,254 --> 00:31:19,695
We don't teach supply and demand here.
532
00:31:20,205 --> 00:31:23,055
It's a simple process of what's
the nearest five, or is it your
533
00:31:23,055 --> 00:31:28,514
level relative to our PDRs and or
our institutional or flow period.
534
00:31:28,665 --> 00:31:29,415
Simple as that.
535
00:31:30,014 --> 00:31:36,105
So now with this order block here,
vole shorter block calibrated 1 16 25.
536
00:31:36,405 --> 00:31:39,825
The question, and you're already
asking us why didn't I use this candle?
537
00:31:39,885 --> 00:31:40,905
Why don't I use the high?
538
00:31:41,175 --> 00:31:42,705
Why don't you use the open on this candle?
539
00:31:43,635 --> 00:31:49,845
If you look at what has been traded to
we've traded through this candles body
540
00:31:49,845 --> 00:31:55,125
on this candle, this candle, this candle,
and then came back, Amelie smashed down.
541
00:31:56,689 --> 00:32:01,370
Okay right in here, we smashed
already through this candle.
542
00:32:02,300 --> 00:32:02,750
Okay.
543
00:32:03,169 --> 00:32:05,899
So we've stopped and
respected SNC this open.
544
00:32:06,709 --> 00:32:11,179
So I'm using that going forward and that's
the reason why that's being highlighted.
545
00:32:11,629 --> 00:32:11,959
Okay.
546
00:32:13,550 --> 00:32:15,590
There's going to be some
quirky little things that I
547
00:32:15,590 --> 00:32:17,120
do throughout the mentorship.
548
00:32:17,449 --> 00:32:23,149
And sometimes you're going to see me
do things that are not so apparent
549
00:32:23,389 --> 00:32:24,800
or clear as to why I'm doing it.
550
00:32:25,310 --> 00:32:26,810
And you probably childhood the bid.
551
00:32:26,840 --> 00:32:27,889
Ask me, well, why not this?
552
00:32:27,889 --> 00:32:32,179
And why not that when you have these
examples where I do highlight it,
553
00:32:32,419 --> 00:32:35,060
just record it and make examples
of it in your own study journal.
554
00:32:35,959 --> 00:32:40,250
If you do not hear me talk about
it, just make sure that you
555
00:32:40,250 --> 00:32:41,540
write down in your study journal.
556
00:32:42,050 --> 00:32:45,409
You know, why is certain
candles elected over another?
557
00:32:45,770 --> 00:32:48,709
And you're going to learn later on
in mentorship, why I'm doing it.
558
00:32:48,709 --> 00:32:50,419
There's specific roles
that I'm looking for.
559
00:32:50,840 --> 00:32:54,230
And it has to do with the PD rate
matrix, which is taught in month five.
560
00:32:54,975 --> 00:32:57,254
And all of that incorporated
with institutional or float
561
00:32:57,284 --> 00:32:58,514
on a hard time frame basis.
562
00:32:59,564 --> 00:33:03,495
So trust me, that's enough for right now,
we're going to drop down into an hourly.
563
00:33:07,294 --> 00:33:07,534
Okay.
564
00:33:07,534 --> 00:33:10,835
And that's what we have seen here.
565
00:33:11,794 --> 00:33:15,875
Do you date dividers in, so
here's Monday of last week.
566
00:33:16,955 --> 00:33:21,635
So we opened on Sunday, traded down
into the order block here on Monday's
567
00:33:21,635 --> 00:33:24,635
trading in the London session.
568
00:33:25,115 --> 00:33:25,324
Okay.
569
00:33:25,324 --> 00:33:29,135
So it's two o'clock in the morning,
New York time, low the week.
570
00:33:29,524 --> 00:33:32,044
Boom hits it, rallies away.
571
00:33:32,105 --> 00:33:32,794
Then on Tuesday.
572
00:33:32,794 --> 00:33:33,425
Look what we do.
573
00:33:33,544 --> 00:33:40,445
We consolidate choppy day, but it
comes back down to what an hourly Bush
574
00:33:40,475 --> 00:33:43,804
or a block are you here to open on?
575
00:33:43,804 --> 00:33:48,215
This candle is 1 16 55,
the highest 1 16 59.
576
00:33:48,905 --> 00:33:53,435
The low on this candle, 1 16 69.
577
00:33:55,380 --> 00:34:00,570
And then most candle here,
we have a low of 1 16 53.
578
00:34:01,260 --> 00:34:01,470
Okay.
579
00:34:01,470 --> 00:34:06,000
So we went to Pittsburgh or the opening
price on this candle here on Wednesday.
580
00:34:06,840 --> 00:34:16,860
Wednesday's time of day, low New York open
market creates a rallying opportunity.
581
00:34:17,610 --> 00:34:27,660
You saw on Twitter that I took a late
New York close kinda, uh, Wellington,
582
00:34:28,590 --> 00:34:30,570
Australian open that timeframe.
583
00:34:30,930 --> 00:34:34,440
I used that to get long in here
on the basis that we ran these
584
00:34:34,440 --> 00:34:37,890
equal lows with this right here, I
missed this opportunity to get in.
585
00:34:38,280 --> 00:34:42,420
We were basically at the equilibrium
of the swing high and the swing
586
00:34:42,420 --> 00:34:45,840
low, and I wanted to get along
on that basis and then reach for
587
00:34:45,840 --> 00:34:48,960
the, the that we anticipated with.
588
00:34:50,069 --> 00:34:53,359
We are looking for July 23rd,
2018 daily high, which is a
589
00:34:53,370 --> 00:34:54,779
liquidity pool for buy stops.
590
00:34:54,929 --> 00:34:57,810
That's what we were anticipating a
draw and liquidity to go back and
591
00:34:57,810 --> 00:34:59,069
look at all the previous videos.
592
00:34:59,310 --> 00:35:02,310
If you're new, go back and look at
that and you'll see what we were
593
00:35:02,310 --> 00:35:03,810
anticipating, all this stuff beforehand.
594
00:35:04,080 --> 00:35:10,109
And then above that we have the July
9th, 2018 daily high, which is a
595
00:35:10,109 --> 00:35:11,370
bias that liquidity pool as well.
596
00:35:11,750 --> 00:35:14,730
You can see their reaction and
pricing traits through it here.
597
00:35:15,779 --> 00:35:19,740
They recapitalize it and punch it through
one more time on Friday, creating the
598
00:35:19,740 --> 00:35:24,839
highly week and then an aggressive
sell-off this week we've opened here,
599
00:35:25,740 --> 00:35:30,029
traded down power, three runs some
relative equal lows on a 15 minute charts.
600
00:35:30,029 --> 00:35:31,319
It's going to look a lot cleaner to you.
601
00:35:32,250 --> 00:35:35,759
This is power three humiliation
rally up one more time,
602
00:35:35,759 --> 00:35:37,620
punching above last week's high.
603
00:35:37,620 --> 00:35:43,350
And one more good measure to
allow distribution above 1 17 90.
604
00:35:43,560 --> 00:35:43,799
Okay.
605
00:35:43,799 --> 00:35:45,600
So one above 1 17, 19.
606
00:35:46,545 --> 00:35:49,875
The actual level four
Forex LTD was 1 17 91.
607
00:35:50,265 --> 00:35:54,045
I calibrated to 1 17 90 because
it's kosher to get to one
608
00:35:54,734 --> 00:35:57,795
such as zero versus 91 to 95.
609
00:35:57,944 --> 00:36:00,134
I got to go up four pips
to get to that level.
610
00:36:00,345 --> 00:36:01,754
So I'm rounding down in this case.
611
00:36:01,995 --> 00:36:02,234
Okay.
612
00:36:02,234 --> 00:36:09,915
So above that 1 17 90 10 pips above,
it would be what 1 7, 1 18 big figure.
613
00:36:09,915 --> 00:36:17,835
And in 1 18 10, the high last week
comes in at 1 18 18, which is almost
614
00:36:18,795 --> 00:36:24,075
30 pips, two pips shy of 30 pips from
the anticipated rally through and
615
00:36:24,075 --> 00:36:26,024
sweeping liquidity on a daily basis.
616
00:36:26,024 --> 00:36:30,555
Now, remember, this is a level
on July 9th of the Euro dollar.
617
00:36:31,004 --> 00:36:31,154
Okay.
618
00:36:31,154 --> 00:36:34,694
So it's the old daily high
rewind the video and you'll see
619
00:36:34,694 --> 00:36:35,625
that that's what that level is.
620
00:36:35,625 --> 00:36:36,884
So we swept through that.
621
00:36:37,995 --> 00:36:39,315
We have relatively equal closings.
622
00:36:40,245 --> 00:36:42,045
I think they're going to
want to try to target that.
623
00:36:42,495 --> 00:36:45,944
And we have a little bit of
a liquidity void right there.
624
00:36:46,004 --> 00:36:48,855
So some buy-side imbalance,
they immediately come back
625
00:36:48,855 --> 00:36:50,205
down and recapitalize that.
626
00:36:50,415 --> 00:36:54,435
And it's also right online with
this down close candle, which
627
00:36:54,435 --> 00:36:55,484
would be a vulture or block.
628
00:36:55,935 --> 00:36:56,295
Okay.
629
00:36:56,895 --> 00:37:03,315
So that's what we're looking for for
the Euro dollar, uh, for potential
630
00:37:03,315 --> 00:37:05,355
sell off to that price point here.
631
00:37:06,254 --> 00:37:07,964
And let's get the level on that.
632
00:37:07,964 --> 00:37:09,825
That's 1 17 11.
633
00:37:10,035 --> 00:37:13,214
So we're in look for 1 17, 15, 1 17 20.
634
00:37:13,214 --> 00:37:15,674
It could be, uh, capitalize
there because we do have this
635
00:37:15,674 --> 00:37:19,004
old high, but on a low end basis.
636
00:37:19,545 --> 00:37:22,365
Uh, I don't want to see it trade
down to, uh, the open here.
637
00:37:22,395 --> 00:37:22,815
Why?
638
00:37:22,845 --> 00:37:26,234
Because we already opened
here and traded down.
639
00:37:26,234 --> 00:37:27,645
So this has all been rebalanced.
640
00:37:27,674 --> 00:37:29,205
It's been traded to a
couple of different times.
641
00:37:29,565 --> 00:37:33,944
So I'm looking at this liquidity
void rate there only by cycle.
642
00:37:34,725 --> 00:37:38,505
So if we do so often break, blow this
low, I'll be looking for price to trade
643
00:37:38,505 --> 00:37:40,095
down to that level for you in here.
644
00:37:40,455 --> 00:37:45,555
So 1 17, 15, maybe 1 17, 10, and
then we get a reaction there.
645
00:37:45,975 --> 00:37:51,585
And, uh, what we do from there, we'll have
to be seen, uh, this may become a breaker.
646
00:37:52,725 --> 00:37:56,895
So if it does later trade from
this level here up, if we get stiff
647
00:37:56,895 --> 00:38:00,525
resistance there inside the sell
off, then the weekly objective
648
00:38:00,525 --> 00:38:02,625
will be targeting these equal lows.
649
00:38:02,645 --> 00:38:06,315
Otherwise it will be looking to go
more time higher, uh, could be one
650
00:38:06,315 --> 00:38:09,645
more instance where we see a high, a
higher high, and a more higher high
651
00:38:09,645 --> 00:38:13,695
in the net might be the, uh, the
intermediate term high for right now.
652
00:38:13,725 --> 00:38:16,665
And it may need to, at that
time trade to these lows.
653
00:38:17,085 --> 00:38:17,295
Okay.
654
00:38:17,295 --> 00:38:20,205
So that's how I'm looking at these
scenarios I'm looking for, but we
655
00:38:20,205 --> 00:38:24,015
don't know what's going to happen
because FMC, so I'll know more or
656
00:38:24,015 --> 00:38:27,795
less what they're aiming for the day
of FMC target wise for liquidity.
657
00:38:27,825 --> 00:38:30,585
But for right now, there's
a scenario in my mind.
658
00:38:32,325 --> 00:38:32,565
All right.
659
00:38:32,565 --> 00:38:33,015
So Katie.
660
00:38:34,335 --> 00:38:36,495
Uh, cable, we were able
to see, to buy something.
661
00:38:36,495 --> 00:38:38,085
Cody pools ran as well.
662
00:38:38,115 --> 00:38:41,475
We've been looking for these for several
weeks is, uh, the charts and commentary
663
00:38:41,475 --> 00:38:43,755
in previous weeks have been indicated.
664
00:38:44,235 --> 00:38:50,745
Uh, we have this old high here
at 1 30, 2 14, and obviously
665
00:38:50,745 --> 00:38:54,675
reaching above to that level would
be 1 30, 2 15 here's five level.
666
00:38:55,065 --> 00:39:00,885
Now with on July 26th, 2018, then we
have this one here plus that liquidity
667
00:39:00,885 --> 00:39:03,975
pool at 1 32 94, which is 1 30, 2 95.
668
00:39:04,455 --> 00:39:07,215
Again, reaching for the liquidity,
which would take us to the next
669
00:39:07,215 --> 00:39:11,085
five level or zero level in
this case would be 1 30, 2 95.
670
00:39:11,385 --> 00:39:12,045
That was on 20.
671
00:39:12,255 --> 00:39:12,675
No, I'm sorry.
672
00:39:12,675 --> 00:39:15,915
On July 16th, 2018.
673
00:39:17,355 --> 00:39:17,565
All right.
674
00:39:17,565 --> 00:39:24,435
So we're going to continuously, uh,
expect these buy stops to be hit much
675
00:39:24,435 --> 00:39:26,325
like, uh, expected with the Euro dollar.
676
00:39:26,775 --> 00:39:30,915
Uh, we may need to see some choppy price
action because of FMC this week, but
677
00:39:30,915 --> 00:39:33,015
ultimately longer term the draw still is.
678
00:39:34,725 --> 00:39:39,275
So we're going to drop
down into our hourly chart.
679
00:39:44,315 --> 00:39:49,505
so we started trading in here, right from
the beginning of the week, we rallied up.
680
00:39:49,985 --> 00:39:52,115
Same thing we saw with your dollar.
681
00:39:52,535 --> 00:39:53,465
We consolidated.
682
00:39:53,795 --> 00:39:54,185
Okay.
683
00:39:54,815 --> 00:39:59,674
When we see consolidation on an alley
chart, for instance, or 15 minute
684
00:39:59,674 --> 00:40:05,555
timeframe, generally, what this is,
is it's crouching the low or above
685
00:40:05,915 --> 00:40:07,415
a level of institutional order flow.
686
00:40:08,105 --> 00:40:12,605
If you notice the, by having these
levels on my chart, isn't that July 26th.
687
00:40:12,634 --> 00:40:16,415
Hi, and this is July 16th.
688
00:40:16,415 --> 00:40:21,395
Hi, by having them on the chart, we can
understand now what they were doing here.
689
00:40:21,395 --> 00:40:22,565
They were holding price.
690
00:40:23,735 --> 00:40:24,035
Okay.
691
00:40:24,065 --> 00:40:29,105
They took it up to one daily high,
and that was the 26th of July.
692
00:40:29,134 --> 00:40:29,435
Hi.
693
00:40:29,705 --> 00:40:31,384
And then that's how I
had this big reaction.
694
00:40:31,535 --> 00:40:32,345
Everybody got crazy.
695
00:40:33,665 --> 00:40:38,885
We anticipated this run-up on Twitter
relative to the last week, um, levels.
696
00:40:38,885 --> 00:40:42,245
And we were looking for that,
but then the public was wanting
697
00:40:42,245 --> 00:40:46,415
to buy it and well, they came
back down and took out the cells.
698
00:40:46,475 --> 00:40:50,615
The cell stops below here, scaring
retail from wanting to buy it anymore.
699
00:40:50,675 --> 00:40:51,935
And then what takes place?
700
00:40:52,205 --> 00:40:55,235
The real move that takes us up to
the next level of daily institutional
701
00:40:55,235 --> 00:40:58,385
order flow and a important PD array.
702
00:40:58,955 --> 00:41:03,245
And again, that's that
old high at 1 30, 2 94.
703
00:41:03,455 --> 00:41:10,205
So we look for 1 30, 2 95 to be
treated to once it hit that we went
704
00:41:10,205 --> 00:41:12,245
into this level here we consolidated.
705
00:41:12,455 --> 00:41:18,455
And then on Friday we opened trade up
very, very small, tiny little movement,
706
00:41:18,485 --> 00:41:22,595
higher above the opening price, and
then gave up the ghost aggressively.
707
00:41:23,615 --> 00:41:26,285
When we talk about the TJF
trade, I'm gonna tell you
708
00:41:26,285 --> 00:41:27,785
why this signature was here.
709
00:41:27,935 --> 00:41:28,355
Okay.
710
00:41:29,225 --> 00:41:31,595
But for now, just look at what we've seen.
711
00:41:32,779 --> 00:41:34,440
Over the course of several weeks.
712
00:41:34,440 --> 00:41:39,690
Now we have cleared out a major
level of buy-side liquidity, that
713
00:41:39,690 --> 00:41:42,990
1 32 95, that was a big washout.
714
00:41:43,800 --> 00:41:44,880
And then we got that big move.
715
00:41:45,990 --> 00:41:51,540
This level here is this level
716
00:41:55,310 --> 00:41:57,380
here, which is the old high back here.
717
00:41:58,370 --> 00:42:00,320
We had this in the chart for weeks.
718
00:42:01,250 --> 00:42:04,279
We anticipated the bullish seasonal
tendency to take place, and then
719
00:42:04,279 --> 00:42:05,870
we waited for price to support it.
720
00:42:06,590 --> 00:42:10,100
Then we've been calling it higher,
focusing on what power three each day,
721
00:42:10,130 --> 00:42:14,090
looking for the opening price, price
to move below it, and then expand to
722
00:42:14,100 --> 00:42:18,560
the upside closing near or high, or
at the high of the day, the largest
723
00:42:19,160 --> 00:42:22,130
moves have been on the buy side.
724
00:42:22,220 --> 00:42:24,920
That means open near the
low and closing the high.
725
00:42:25,880 --> 00:42:27,740
The big down day was last week.
726
00:42:28,785 --> 00:42:34,305
That's only happening after we got to this
level here, that bias that liquidity pool,
727
00:42:36,265 --> 00:42:43,195
seasonal tendencies market structure, all
these elements that come together and now
728
00:42:43,315 --> 00:42:45,505
we're gonna incorporate the weekly range.
729
00:42:45,595 --> 00:42:45,775
Okay.
730
00:42:45,775 --> 00:42:51,895
That to sync segway into the TJF silo, but
for right now, uh, there's no that we're
731
00:42:51,895 --> 00:42:55,945
looking for the buy stop, still continue,
but just expect some choppiness this week
732
00:42:55,945 --> 00:42:59,605
because FMC I'll probably have a little
bit more conviction on what I think may
733
00:42:59,634 --> 00:43:02,125
take place, uh, this particular week.
734
00:43:02,185 --> 00:43:07,255
But for right now, uh, before we do
TGI, uh, set up, I want to kind of
735
00:43:07,255 --> 00:43:14,785
discuss a little bit about when the
market is providing conflicting signals
736
00:43:14,825 --> 00:43:21,325
or insights that are not conducive
for effective or efficient treating.
737
00:43:22,465 --> 00:43:23,545
We have that right now.
738
00:43:25,695 --> 00:43:27,735
You're probably saying, wait a
minute, you just said the price
739
00:43:27,735 --> 00:43:28,725
was going to go up here, Michael.
740
00:43:28,725 --> 00:43:30,345
And that means we should
be bawling every day.
741
00:43:30,855 --> 00:43:33,045
No, because we have FMC this week.
742
00:43:33,585 --> 00:43:37,695
We also have a market structure
that has at least for right now
743
00:43:37,965 --> 00:43:41,835
shown a heavy cycle of distribution.
744
00:43:42,884 --> 00:43:46,665
Once we cleared that 1 32
94 level went to 1 13 95.
745
00:43:47,384 --> 00:43:50,235
We had a big washout on Friday.
746
00:43:52,455 --> 00:43:57,645
I am not opposed to that being a
important high and then eventually
747
00:43:57,645 --> 00:44:00,045
trading down to take up this low here.
748
00:44:00,555 --> 00:44:01,335
It could do that.
749
00:44:02,445 --> 00:44:03,975
I don't know if it's going to do that yet.
750
00:44:04,725 --> 00:44:08,415
I don't know if this is going
to maintain support here.
751
00:44:09,195 --> 00:44:13,275
I'd like to see it actually trade down to
this level here, but this is the breaker.
752
00:44:14,325 --> 00:44:15,435
We have a low.
753
00:44:16,395 --> 00:44:19,185
Hi, a lower low than this low cleared up.
754
00:44:19,195 --> 00:44:24,405
These stops here and we reacted so we
could see cable actually trade lower
755
00:44:24,405 --> 00:44:25,965
this week to get into this level here.
756
00:44:26,535 --> 00:44:29,415
And the close on that candle is 1 28 71.
757
00:44:29,415 --> 00:44:32,535
So 1 28 75, 1 28 70.
758
00:44:33,135 --> 00:44:37,515
Uh, we could see that traded two this
week and it's still would be a bullish
759
00:44:37,515 --> 00:44:41,315
market, but it won't feel like that
if you're looking at a five minute or
760
00:44:41,325 --> 00:44:45,345
one minute or an hourly chart zoomed
in, if we start to break down like
761
00:44:45,345 --> 00:44:46,695
that, you'll lose sight of all that.
762
00:44:47,145 --> 00:44:47,475
Okay.
763
00:44:48,675 --> 00:44:52,425
If we go, for instance, if you look
back at the a year ago, I'm just want
764
00:44:52,435 --> 00:44:53,565
to jump back here and make a point.
765
00:44:54,435 --> 00:45:00,795
If we go to the daily, um, we had
this whore block here and price
766
00:45:00,795 --> 00:45:07,095
smashed down last week or the week
before it looked terribly bearish.
767
00:45:07,185 --> 00:45:08,265
It didn't look bullish at all.
768
00:45:09,645 --> 00:45:13,185
We have to be aware that these
levels are going to do their job
769
00:45:13,485 --> 00:45:15,135
and support price if they don't.
770
00:45:15,135 --> 00:45:20,985
And that gives us insight as well,
but we're looking for this potential,
771
00:45:21,135 --> 00:45:24,135
uh, hi to act as a bullish breaker.
772
00:45:24,555 --> 00:45:24,735
Okay.
773
00:45:24,735 --> 00:45:26,685
So I'm allowing press to
get down to that level.
774
00:45:26,715 --> 00:45:28,545
And again, that level is for your notes.
775
00:45:29,145 --> 00:45:33,975
Um, the high is 1 30, 37.
776
00:45:34,185 --> 00:45:37,155
I think I was looking at the,
I've got the wrong price here,
777
00:45:37,335 --> 00:45:38,415
or I was quoting the wrong price.
778
00:45:38,715 --> 00:45:39,795
We're looking at the close.
779
00:45:39,885 --> 00:45:40,035
Okay.
780
00:45:40,035 --> 00:45:41,265
So that's 1 30, 37.
781
00:45:41,265 --> 00:45:43,905
So I'm glad I came back to this 1 30, 37.
782
00:45:43,905 --> 00:45:49,665
That could be a specific price
point for a Bush ice tiebreaker.
783
00:45:50,325 --> 00:45:50,535
Okay.
784
00:45:50,535 --> 00:45:52,155
So we're looking at it up close candle.
785
00:45:52,485 --> 00:45:55,875
So closing price is what
we're looking for 1 30, 37.
786
00:45:55,875 --> 00:45:57,765
So I was gonna make sure I'm
giving you the right information.
787
00:45:57,765 --> 00:46:00,255
Cause I think I just gave you
the wrong prior to me going to
788
00:46:00,255 --> 00:46:02,175
that year of dollar chart before.
789
00:46:03,585 --> 00:46:03,795
All right.
790
00:46:03,795 --> 00:46:05,655
So let's go down into the hourly chart.
791
00:46:05,655 --> 00:46:05,835
One more.
792
00:46:08,835 --> 00:46:15,435
Um, we saw the consolidation run
up to this area here, gave up
793
00:46:15,435 --> 00:46:19,515
the ghost, cleared the, um, cell
stops for anybody that was long.
794
00:46:20,475 --> 00:46:21,525
And then they had the big move.
795
00:46:21,885 --> 00:46:22,185
Okay.
796
00:46:22,215 --> 00:46:25,785
That occur on Thursday, clearing
the liquidity from a daily side
797
00:46:26,835 --> 00:46:28,275
and then heavy distribution.
798
00:46:29,235 --> 00:46:33,825
We have since traded to a bear
Spreaker, which is right in here.
799
00:46:36,375 --> 00:46:39,045
We saw price trade off into it here.
800
00:46:39,165 --> 00:46:41,295
And then we have a little bit
of distribution and we have
801
00:46:41,305 --> 00:46:42,495
relative equal what was in here.
802
00:46:42,555 --> 00:46:46,665
I do again, suspect that we'll probably
want to sweep down below that and
803
00:46:46,665 --> 00:46:49,425
get into that daily order block.
804
00:46:49,905 --> 00:46:54,705
And again, go back to that price level
of duty relative to the daily chart.
805
00:46:56,175 --> 00:46:58,335
And that's going to be it for this week.
806
00:46:58,335 --> 00:47:02,715
We're still, like I said, waiting
to see what FMC is going to give us.
807
00:47:02,955 --> 00:47:05,595
And then, um, we'll give
some more insights about.
808
00:47:06,405 --> 00:47:09,975
Twitter, I'll point to certain things
and you'll know what I'm referring
809
00:47:09,975 --> 00:47:12,075
to based on what I've shown here.
810
00:47:12,435 --> 00:47:14,175
And everyone else slumping,
it's a stoppable tree and
811
00:47:14,175 --> 00:47:15,045
cheese and things like that.
812
00:47:16,005 --> 00:47:16,335
All right.
813
00:47:16,335 --> 00:47:20,655
So I want to go over to
an hourly chart on cable.
814
00:47:22,215 --> 00:47:22,515
All right.
815
00:47:22,515 --> 00:47:24,435
And this is going to be the TGF trade.
816
00:47:25,305 --> 00:47:33,195
When we look at, uh, the power
three power three is the open, the
817
00:47:33,195 --> 00:47:39,885
trade down, which is cumulation
manipulation and distribution.
818
00:47:40,665 --> 00:47:41,055
Okay.
819
00:47:42,285 --> 00:47:46,785
Some of the people think
that this is distribution and
820
00:47:46,875 --> 00:47:48,465
none of this is distribution.
821
00:47:49,335 --> 00:47:54,165
Once we get above the open on a
Bosch day, that becomes distribution.
822
00:47:54,705 --> 00:47:55,185
Why?
823
00:47:55,395 --> 00:48:01,605
Because smart money sells all through
the advancement of a rallying market.
824
00:48:02,355 --> 00:48:02,695
They have.
825
00:48:03,629 --> 00:48:05,009
That's the way they get their pricing.
826
00:48:05,370 --> 00:48:07,709
They can't get all of their
orders off at the high.
827
00:48:07,979 --> 00:48:09,720
They have too much of it,
their volumes too big.
828
00:48:10,350 --> 00:48:15,359
So what they do is this, they work in,
they buy at the open and down below
829
00:48:15,359 --> 00:48:20,160
it, and then once we get value for
the opening price, we want to Busch up
830
00:48:20,160 --> 00:48:26,580
closed day or timeframe, they will start
their distribution cycle at specific
831
00:48:26,580 --> 00:48:28,830
price points that seen in the past.
832
00:48:28,830 --> 00:48:34,379
That means above old highs,
um, at old loads or, um,
833
00:48:35,580 --> 00:48:37,529
equilibrium, things of that nature.
834
00:48:37,859 --> 00:48:39,899
So they'll sell into those price points.
835
00:48:40,350 --> 00:48:41,850
It's not random when they do it.
836
00:48:41,850 --> 00:48:45,359
And you saw examples of that with
the Euro dollar and the British pound
837
00:48:45,540 --> 00:48:48,930
examples shown from last week and why
price consolidated Tuesday and Wednesday,
838
00:48:48,930 --> 00:48:56,250
and then expanded Thursday with this
in mind, the TGF trade trade pattern
839
00:48:56,729 --> 00:48:59,250
is think of this as a daily rate.
840
00:49:00,060 --> 00:49:00,569
Okay.
841
00:49:01,319 --> 00:49:08,879
So we have the open Judas swing rally
up London close, sells off and closes
842
00:49:09,000 --> 00:49:10,589
lower off the hots for the day.
843
00:49:12,330 --> 00:49:12,899
Classic.
844
00:49:12,930 --> 00:49:13,379
Perfect.
845
00:49:14,700 --> 00:49:19,770
If we were to apply this same measure
of understanding to a weekly chart,
846
00:49:20,549 --> 00:49:25,799
this would represent the opening on the
new week, the low of the week, the high
847
00:49:25,799 --> 00:49:27,899
of the week and where the week closes.
848
00:49:28,470 --> 00:49:31,439
It's not necessary that we
know where the price closes.
849
00:49:31,649 --> 00:49:35,069
All we're doing is trying to anticipate
the direction or the lion's portion
850
00:49:35,069 --> 00:49:37,259
of the move of that weekly range.
851
00:49:38,129 --> 00:49:42,270
AP capitalize on anything in between
that who cares, where it closes.
852
00:49:42,330 --> 00:49:46,169
It's not important because ultimately
if you capture a hundred or 200
853
00:49:46,169 --> 00:49:50,129
pips in a weekly range, it expands
on the upside and you take profits,
854
00:49:50,160 --> 00:49:51,689
and then it ends up closing below.
855
00:49:51,689 --> 00:49:56,609
It opens where it closes below,
where it opened up, rather who cares?
856
00:49:57,240 --> 00:49:58,109
You've done your job.
857
00:49:59,009 --> 00:50:03,540
You're not trying to forecast the close
you're you're forecasting expansion
858
00:50:03,810 --> 00:50:05,640
because we need volatility as traders.
859
00:50:05,970 --> 00:50:07,049
That's what we look for.
860
00:50:07,230 --> 00:50:12,779
So with that in mind, what I've done was
I've gone back over several weeks and over
861
00:50:12,779 --> 00:50:19,380
the course of this month of September and
I've gave in short little trend lines, I
862
00:50:19,380 --> 00:50:21,270
had roughly the weekly high in the weekly.
863
00:50:21,270 --> 00:50:26,580
Well now it's not dead center on the high
and low because I did it really quickly.
864
00:50:26,790 --> 00:50:27,779
It's not important.
865
00:50:27,779 --> 00:50:29,250
It's exactly at the higher load.
866
00:50:29,250 --> 00:50:34,920
And you'll see why in a moment each
week, this phenomenon is what we've
867
00:50:34,920 --> 00:50:37,560
been expecting for several weeks.
868
00:50:37,560 --> 00:50:37,950
Why?
869
00:50:37,950 --> 00:50:42,210
Because the levels on are
your dollar in British pounds.
870
00:50:43,169 --> 00:50:47,129
We've been focusing on the attack
of by stop liquidity pools.
871
00:50:47,490 --> 00:50:48,779
That's what we've been looking for.
872
00:50:49,049 --> 00:50:53,970
That's how we anticipate the direction
the market's going to go, where the
873
00:50:53,970 --> 00:50:59,220
largest pool of untapped liquidity is
going to be the path of least resistance.
874
00:51:00,000 --> 00:51:05,759
So with that in mind, every week,
we're expecting Monday, Tuesday, or
875
00:51:05,759 --> 00:51:07,379
Wednesday, the cream buying opportunity.
876
00:51:08,520 --> 00:51:12,930
We're looking for the low of the week,
the form on one of those three days, the
877
00:51:12,930 --> 00:51:17,669
month of September, we've been expecting
bullish prices for Euro dollar and British
878
00:51:17,669 --> 00:51:20,640
pound bears prices on the dollar index.
879
00:51:21,089 --> 00:51:22,980
What we have here is the cable chart.
880
00:51:23,189 --> 00:51:23,370
Okay.
881
00:51:23,370 --> 00:51:24,810
British pound versus the us dollar.
882
00:51:26,189 --> 00:51:32,790
This is going to represent the opening
price on Sunday for Monday at midnight.
883
00:51:33,689 --> 00:51:36,930
Write that down in your notes
if you're not writing down and
884
00:51:36,930 --> 00:51:38,129
you're just watching this video.
885
00:51:39,435 --> 00:51:42,285
Pause it go get something to
write with and then come back and
886
00:51:42,285 --> 00:51:43,095
listen to what I'm telling you.
887
00:51:43,125 --> 00:51:46,545
Cause this is something that you're
going to wish you remembered later on.
888
00:51:48,615 --> 00:51:53,505
So either Sunday's opening price, if you
have Sunday candles or the opening price,
889
00:51:53,535 --> 00:51:57,465
or Monday at midnight, New York time,
that's your opening price for the week
890
00:51:58,065 --> 00:52:02,865
who cares or anybody else says, okay,
I'm telling you, even though that my
891
00:52:02,865 --> 00:52:08,295
data shows on Sunday, I use the opening
price Monday at midnight, New York time.
892
00:52:08,745 --> 00:52:10,125
That's my weekly opening price.
893
00:52:10,815 --> 00:52:11,145
Okay.
894
00:52:11,415 --> 00:52:13,335
Do not share this on Twitter.
895
00:52:13,575 --> 00:52:17,715
Don't say, Hey, I was the, I was a great
move off of the opening price at New York,
896
00:52:17,805 --> 00:52:19,455
you know, for the week, don't do that.
897
00:52:19,485 --> 00:52:21,435
Cause you're in, you're
passively teaching.
898
00:52:21,465 --> 00:52:23,985
Cause there's a lot of people that
follow me that are not in the mentorship.
899
00:52:24,615 --> 00:52:28,845
And I am not high-fiving people
with mentorship ideas on Twitter.
900
00:52:28,845 --> 00:52:29,025
I'm not.
901
00:52:29,910 --> 00:52:31,920
So don't come at me
with anything like that.
902
00:52:31,920 --> 00:52:35,250
I'm not going to high-five you, I'm
not going to, you know, retweet you.
903
00:52:35,400 --> 00:52:36,480
I'm not gonna do any
of that kind of stuff.
904
00:52:36,480 --> 00:52:37,350
I'm going to ignore you.
905
00:52:37,950 --> 00:52:40,410
And you're gonna look at it
as rude, but I'm telling you
906
00:52:40,410 --> 00:52:41,370
the reason why I don't do it.
907
00:52:41,759 --> 00:52:42,060
Okay.
908
00:52:42,150 --> 00:52:44,759
And if you see something that I
really don't want you to saying
909
00:52:45,000 --> 00:52:47,310
many times, I direct message you
and tell you to delete the tweet.
910
00:52:48,870 --> 00:52:55,230
So if we have this idea and we're
looking for it to unfold in price action,
911
00:52:56,190 --> 00:52:58,620
we're expecting a up move for the week.
912
00:52:58,950 --> 00:53:02,970
Again, we're not forecasting the clothes
we're expecting expansively outside.
913
00:53:03,000 --> 00:53:05,520
That's what we've been looking
for the whole month of September.
914
00:53:05,520 --> 00:53:06,780
We've been looking for bullish moves.
915
00:53:07,620 --> 00:53:12,540
Look at the overall price model in
this market structure right here.
916
00:53:13,320 --> 00:53:17,430
We have the first week of the
month, the second week of the
917
00:53:17,430 --> 00:53:19,440
month, the third week of the month.
918
00:53:20,280 --> 00:53:24,390
And then we have the last week
so far going into this week.
919
00:53:24,420 --> 00:53:26,759
Now, obviously we have a little
bit more to go from for the month,
920
00:53:27,240 --> 00:53:28,740
but the bulk of the month is.
921
00:53:30,375 --> 00:53:36,585
Remember also that we had
a price level of 1 32.
922
00:53:36,615 --> 00:53:36,915
What was it?
923
00:53:37,455 --> 00:53:38,585
Let me get here.
924
00:53:39,134 --> 00:53:44,895
Get that price on 1 32 94 was the old
high, and we're looking for 1 30, 2 95.
925
00:53:46,035 --> 00:53:48,615
So with 1 30, 2 95, apply to the chart.
926
00:53:51,495 --> 00:53:52,185
Trust me folks.
927
00:53:52,214 --> 00:53:54,585
This is one of those lessons
that's worth the whole entire
928
00:53:54,585 --> 00:53:57,194
mentorship costs the entire $1,800.
929
00:53:57,194 --> 00:53:57,825
It's going to be paying.
930
00:53:57,825 --> 00:54:02,174
If you stay here the entire time, this is
one of those lessons that does it for you.
931
00:54:02,355 --> 00:54:05,714
If you just learned this from
me, present concern, you've
932
00:54:05,714 --> 00:54:07,245
learned your money's worth.
933
00:54:07,995 --> 00:54:13,575
So we were anticipating a reach to that
level for the entire month of September.
934
00:54:14,234 --> 00:54:15,825
Go back and look at all the recordings.
935
00:54:15,825 --> 00:54:19,424
If you, if you just started or if you just
forgot about it, go back and look at them.
936
00:54:19,575 --> 00:54:20,355
They're not really that long.
937
00:54:20,355 --> 00:54:23,415
This is the longest one in a long time,
only because I have a lot of information
938
00:54:23,415 --> 00:54:24,435
and insights I'm sharing with you.
939
00:54:25,575 --> 00:54:29,505
But with that in mind, this is
where we expect price to reach too.
940
00:54:30,315 --> 00:54:30,735
Okay.
941
00:54:31,005 --> 00:54:36,285
So with that in mind, let's break down
every individual week, every individual
942
00:54:36,285 --> 00:54:41,085
week, we have Monday's trading in
here, Tuesday trading and Wednesday.
943
00:54:41,265 --> 00:54:42,645
Look at the reaction we had on Wednesday.
944
00:54:43,215 --> 00:54:44,955
The low of the week was formed on Monday.
945
00:54:46,035 --> 00:54:49,095
The highly week was formed on
Thursday, and then we had a
946
00:54:49,095 --> 00:54:50,775
nice little sell off on Friday.
947
00:54:51,765 --> 00:54:53,145
How can we use that information?
948
00:54:53,625 --> 00:54:57,555
Well, go back to power three
opening price on the week.
949
00:54:58,035 --> 00:55:00,105
We're bullish, we're bullish on the month.
950
00:55:00,255 --> 00:55:03,555
We're bullish on the week and
we're bold every single day.
951
00:55:03,975 --> 00:55:05,175
That's our model starting off.
952
00:55:05,625 --> 00:55:09,135
So if you're looking to build a
model in price by using the higher
953
00:55:09,135 --> 00:55:10,905
timeframe, this is how you do it.
954
00:55:11,055 --> 00:55:13,035
You re you structure everything around it.
955
00:55:13,395 --> 00:55:16,485
But the only thing I'm really
trying to highlight here in this
956
00:55:16,485 --> 00:55:18,555
lesson is how to use Fridays.
957
00:55:19,545 --> 00:55:21,885
I am not a big trader for free.
958
00:55:22,710 --> 00:55:26,730
But when there's times that
I can use Friday, this is how
959
00:55:26,730 --> 00:55:30,330
I'm dealing it money's opening.
960
00:55:30,930 --> 00:55:31,230
Okay.
961
00:55:31,260 --> 00:55:33,000
Or if you have something you
want to let, to use on these
962
00:55:33,000 --> 00:55:34,470
opening price, that's fine.
963
00:55:34,980 --> 00:55:37,020
Which one do you use that?
964
00:55:37,020 --> 00:55:37,830
I already know what you're asking.
965
00:55:39,150 --> 00:55:40,200
Whichever one's higher.
966
00:55:40,890 --> 00:55:41,130
Okay.
967
00:55:41,160 --> 00:55:44,070
Whichever one's higher use that
one because it'll give you a lot
968
00:55:44,070 --> 00:55:47,670
more filtering for the Judas swing
for the week that takes place
969
00:55:47,730 --> 00:55:49,260
on Monday or Tuesdays trading.
970
00:55:49,650 --> 00:55:50,070
Okay.
971
00:55:50,550 --> 00:55:54,330
And if you're looking for bears
scenario, look for whatever is the
972
00:55:54,390 --> 00:55:56,370
lowest in terms of the opening price.
973
00:55:56,970 --> 00:56:00,990
And that way it'll allow you for a
much cleaner filtering process for the
974
00:56:00,990 --> 00:56:05,070
Judas swing that would trade up and
have the manipulation to start selling
975
00:56:05,070 --> 00:56:07,170
short-term and then expansion down.
976
00:56:07,620 --> 00:56:11,940
But I'm focusing only on
TGF sell days for Friday.
977
00:56:13,770 --> 00:56:18,390
The bulk of the week is seen on
Wednesday here on this particular week.
978
00:56:18,720 --> 00:56:20,610
So the majority of this expansion.
979
00:56:22,065 --> 00:56:25,575
That's Wednesday for this particular
week, then Thursday, it creates
980
00:56:25,575 --> 00:56:28,755
a little bit of a poke above
Wednesday's high and then sells off.
981
00:56:28,785 --> 00:56:31,755
And then, um, Thursday
crossing over into the Friday.
982
00:56:32,685 --> 00:56:36,645
We have a small little, you swing
then a distribution cycle going lower.
983
00:56:38,265 --> 00:56:39,465
Then it closes with a week.
984
00:56:39,975 --> 00:56:43,665
We open little bit lower the next week,
and that's not important for right now.
985
00:56:43,705 --> 00:56:47,835
All we're looking at is
this entire weekly crackle.
986
00:56:48,975 --> 00:56:54,465
This whole weekly range is this
depiction right here of power three.
987
00:56:55,695 --> 00:56:59,925
So now think if this was a daily range
and we were looking at this as London
988
00:56:59,925 --> 00:57:04,185
clothes per time of day to create the
high the day and be out of our long
989
00:57:04,185 --> 00:57:09,525
position as a scalper, you could scout
that London close and try to catch
990
00:57:09,795 --> 00:57:14,955
about 10 or 15 PIP move on certain
days, not every day, but that's how
991
00:57:14,955 --> 00:57:16,875
you can be a countertrend trader to me.
992
00:57:17,820 --> 00:57:19,470
Pan out in terms of risk reward.
993
00:57:19,710 --> 00:57:20,910
And to me, it's just not worth it.
994
00:57:21,030 --> 00:57:26,250
But if you want to be engaging
pricing and practicing and forecasting
995
00:57:26,250 --> 00:57:29,880
and reading price action, you
can do that, but do it in a demo.
996
00:57:30,330 --> 00:57:30,630
Okay.
997
00:57:30,660 --> 00:57:34,440
I try to teach you how to focus on
buying with the bullish expansions
998
00:57:34,740 --> 00:57:38,130
expected, not trying to sell the
highs of Bush market conditions.
999
00:57:38,310 --> 00:57:38,610
Okay.
1000
00:57:39,810 --> 00:57:44,130
If we are applying that same idea,
power three to the weekly chart,
1001
00:57:44,640 --> 00:57:51,570
this is going to be Thursdays
New York, open to Friday's close.
1002
00:57:53,550 --> 00:57:53,760
Okay.
1003
00:57:53,760 --> 00:57:54,600
I'll say it one more time.
1004
00:57:55,110 --> 00:57:59,670
When we are in a bullish scenario, we
are anticipating the high of the week
1005
00:58:00,540 --> 00:58:06,330
between Thursday's New York open and
the close is obviously Friday's closed.
1006
00:58:06,690 --> 00:58:10,350
So that gave you a window of
opportunity to look for certain setups.
1007
00:58:10,710 --> 00:58:12,240
That gives you a model to look for.
1008
00:58:12,240 --> 00:58:14,370
When I teach you the
weekly profiles Thursday.
1009
00:58:16,214 --> 00:58:20,174
That's usually when you'll see the
Thursday high, the week that you can
1010
00:58:20,174 --> 00:58:26,984
look to sell immediately, right in
London, close of Thursday, or roll into
1011
00:58:26,984 --> 00:58:32,685
Friday and then sell a Judas swing on
the one in session and anticipate as
1012
00:58:32,685 --> 00:58:36,464
lower move into the close of Friday,
which is the close of the week.
1013
00:58:37,995 --> 00:58:42,765
If we look at this scenario
here, we have Thursday high week
1014
00:58:42,795 --> 00:58:44,325
and then Friday distribution.
1015
00:58:45,795 --> 00:58:50,295
If we look at this week here, we
have low the week, Wednesday, okay.
1016
00:58:50,295 --> 00:58:53,234
We have Wednesday market
reversal profile, which is which
1017
00:58:53,234 --> 00:58:54,375
we profile that you learned.
1018
00:58:55,095 --> 00:58:59,565
And then on Friday we trade up, create
the high the week, and then we have
1019
00:58:59,565 --> 00:59:03,915
distribution again, going into the
close of the weekend on Friday, same
1020
00:59:03,924 --> 00:59:10,694
premise power three here, which is
seen in this weekly chart or weekly.
1021
00:59:12,660 --> 00:59:15,120
Because every individual day
worker wants delineated day.
1022
00:59:15,390 --> 00:59:16,589
This is Monday's trading of that week.
1023
00:59:16,589 --> 00:59:17,549
This is Tuesday's trading.
1024
00:59:17,549 --> 00:59:18,720
This is Wednesday's bulk.
1025
00:59:19,200 --> 00:59:23,399
Uh, expansion is on
Wednesday is consolidation.
1026
00:59:23,790 --> 00:59:26,399
And then Friday we have a little
bit of expansion to the upside.
1027
00:59:26,640 --> 00:59:28,109
Then it retraces aggressively.
1028
00:59:28,799 --> 00:59:32,220
The next week we open trade down,
create the low the week on Monday,
1029
00:59:32,640 --> 00:59:37,290
expand, consolidate a little bit,
going into half of Wednesday.
1030
00:59:37,319 --> 00:59:41,580
Then the New York session on
Wednesday, we have another area buying.
1031
00:59:42,690 --> 00:59:46,440
Then on Thursday we have an expansion
that takes us above the equal highs.
1032
00:59:46,620 --> 00:59:48,810
Reaching up into Friday.
1033
00:59:48,839 --> 00:59:53,850
Making the high, the week starts
Friday, runs up south off distribution.
1034
00:59:54,270 --> 00:59:55,169
Nice little sell off.
1035
00:59:56,250 --> 01:00:03,120
Next week, we have the market opening
rally up, consolidate on Tuesday,
1036
01:00:03,299 --> 01:00:10,020
Wednesdays, a whipsaw takes out,
um, Trailed stops on long holders.
1037
01:00:10,500 --> 01:00:13,890
They're not allowed to participate
to the price move that was set
1038
01:00:13,890 --> 01:00:15,480
up and framed on the daily chart.
1039
01:00:15,630 --> 01:00:19,470
And then we have a heavy metric
measure of distribution and
1040
01:00:19,470 --> 01:00:22,470
this whole power three becomes
1041
01:00:33,960 --> 01:00:39,089
that in terms of a weekly range,
does it matter that it closes below
1042
01:00:39,089 --> 01:00:43,290
the opening if you've participated
for the week and bought and exited
1043
01:00:43,319 --> 01:00:45,509
profitably in this portion of expansion?
1044
01:00:45,930 --> 01:00:47,520
No, it doesn't.
1045
01:00:48,540 --> 01:00:49,350
Or at least it shouldn't.
1046
01:00:49,589 --> 01:00:53,850
If you struggle with that, then you're
expecting much more than it's required.
1047
01:00:54,270 --> 01:01:02,220
You're not looking for the, the,
uh, I guess the measure of maturity.
1048
01:01:03,660 --> 01:01:05,490
That comes by way of doing
this over a period of time.
1049
01:01:05,490 --> 01:01:06,690
You're just looking for opportunity.
1050
01:01:06,690 --> 01:01:08,340
You don't, you're not
trying to be perfect.
1051
01:01:09,000 --> 01:01:14,430
And sometimes on Twitter, I look like
I'm, you know, well beyond the parameters
1052
01:01:14,430 --> 01:01:19,770
of normalcy and I, I'm not trying to
advocate that we're trying to promote it.
1053
01:01:19,770 --> 01:01:23,730
You're going to be some freak with
price action that hits every single day.
1054
01:01:23,970 --> 01:01:24,210
Okay.
1055
01:01:24,240 --> 01:01:26,610
I just, because I can forecast
things, I'm not trading every day.
1056
01:01:27,270 --> 01:01:33,420
I'm looking for certain criteria,
but let's get into the TGF TGF.
1057
01:01:33,600 --> 01:01:34,890
If we look at this
1058
01:01:40,430 --> 01:01:46,310
and I apply the fib with 20 and
30 level and 50 level, what we
1059
01:01:46,310 --> 01:01:51,920
have done is on bullish weeks, we
anticipate retracements of as much
1060
01:01:51,920 --> 01:01:53,690
as one third of the daily range.
1061
01:01:54,380 --> 01:01:56,960
So I gave you a simple little
rule, change your fit to.
1062
01:01:58,125 --> 01:01:59,535
Level and a 30 level.
1063
01:01:59,865 --> 01:02:05,085
And on Fridays, you're going to anticipate
a Judas swing rally in London and a sell
1064
01:02:05,085 --> 01:02:12,015
off that retraces 20 to 30% of the weekly
range that has been formed thus far.
1065
01:02:12,345 --> 01:02:17,295
So that means whatever the high that
week is on the London rally and Friday
1066
01:02:17,565 --> 01:02:20,325
go back over the entire course of
the week with where's the high, and
1067
01:02:20,325 --> 01:02:22,095
where's the low measure that range.
1068
01:02:22,095 --> 01:02:23,565
And you'll get this idea here.
1069
01:02:24,045 --> 01:02:24,435
Okay.
1070
01:02:24,944 --> 01:02:29,295
Same thing here on this week, we've
got the low up to the high that formed
1071
01:02:29,505 --> 01:02:31,995
in the London session on Friday.
1072
01:02:32,235 --> 01:02:36,345
How far can it go back and
retrace 20 to 30%, or if we get
1073
01:02:36,345 --> 01:02:39,375
an aggressive move, goes back to
equilibrium, which is what that sends.
1074
01:02:39,375 --> 01:02:41,205
Do you want me to get on this week?
1075
01:02:42,165 --> 01:02:47,355
The next week we see the low
and the Hyatt forms in London,
1076
01:02:47,745 --> 01:02:48,855
get a measurement of that.
1077
01:02:48,944 --> 01:02:54,165
And it's 20 to 30% and we're expecting
this move from the high to the close.
1078
01:02:54,194 --> 01:02:55,904
That's what you're looking for for TGIM.
1079
01:02:56,235 --> 01:02:56,955
Thank God it's from.
1080
01:02:57,915 --> 01:02:58,635
That's what it is.
1081
01:02:58,665 --> 01:03:04,485
You can countertrend trade bullish moves
or bearish moves, but where you range,
1082
01:03:05,445 --> 01:03:12,465
uh, find is you get the low in the high
formed prior to what forms in Friday's
1083
01:03:12,465 --> 01:03:19,035
London open, you're expecting a Judas
swing up on Friday, and then so off, it
1084
01:03:19,035 --> 01:03:22,425
does not have to go above the previous
Thursday or create a higher high.
1085
01:03:22,875 --> 01:03:24,255
It can like it does here.
1086
01:03:24,585 --> 01:03:27,105
And like it does here, but many
times it will form something
1087
01:03:27,105 --> 01:03:29,955
like this and like that.
1088
01:03:31,155 --> 01:03:37,815
So with this in mind, on Fridays, if
you want to participate in Friday,
1089
01:03:38,685 --> 01:03:40,515
this is how I personally do it.
1090
01:03:41,085 --> 01:03:46,425
If it's been a bears market profile
and everything is reversed, and we
1091
01:03:46,425 --> 01:03:52,485
see something like this in line,
or we expect that rather for the
1092
01:03:52,485 --> 01:03:53,805
week and it would be a weekly.
1093
01:03:55,155 --> 01:03:58,395
The open rally up for the week,
creating the highly weakened in the
1094
01:03:58,395 --> 01:04:00,345
weekly range, expansive of downside.
1095
01:04:00,945 --> 01:04:05,835
Then we would expect to be buying on
Friday with a Judas swing, lower price,
1096
01:04:05,895 --> 01:04:10,515
London open, and then trying to trade
that to 20 to 30% of the weekly range that
1097
01:04:10,515 --> 01:04:16,455
has been determined to that time of the
week, or which is London open on Friday.
1098
01:04:17,595 --> 01:04:20,055
It's not a killer type of trade.
1099
01:04:20,505 --> 01:04:25,395
You'll get what you need in terms
of the 25 to 30 PIP weekly hall.
1100
01:04:25,995 --> 01:04:28,725
So that's many times what
I use to salvage myself.
1101
01:04:28,755 --> 01:04:32,085
If I miss something, my schedule
didn't permit it, or I just was off.
1102
01:04:32,245 --> 01:04:33,555
I wasn't able to capture something.
1103
01:04:34,005 --> 01:04:36,765
Um, maybe I was sick or
whatever, why was this wrong?
1104
01:04:36,885 --> 01:04:39,855
I just didn't have the
right idea and price action.
1105
01:04:40,155 --> 01:04:41,445
And I set off, never came to me.
1106
01:04:42,495 --> 01:04:46,305
I'll use Friday in this capacity
to get what I use for, you
1107
01:04:46,305 --> 01:04:47,385
know, a small little portion.
1108
01:04:47,445 --> 01:04:51,345
Is it my 50 to 75 pips now,
but I'm okay with it because I
1109
01:04:51,345 --> 01:04:52,995
know what's likely to happen.
1110
01:04:54,225 --> 01:04:55,875
Now here's the bonus section of this.
1111
01:04:56,475 --> 01:04:59,384
If we're bullish last we
have been on for a long time.
1112
01:04:59,384 --> 01:05:00,615
Seen specifically with cable.
1113
01:05:00,765 --> 01:05:06,435
We knew specifically what level
we are reaching for 1 30, 2 95.
1114
01:05:06,795 --> 01:05:07,005
Okay.
1115
01:05:07,005 --> 01:05:08,685
1 30, 2 95.
1116
01:05:12,765 --> 01:05:18,165
If we put that on our chart, which
is right there, what's the next five
1117
01:05:18,165 --> 01:05:22,365
level above a 32 95, 1 33 big figure.
1118
01:05:24,305 --> 01:05:29,765
That's what we're going to anticipate
price sensing, reaching up to, we
1119
01:05:29,765 --> 01:05:35,105
would expect it that, and we have been
expecting it since back here in August.
1120
01:05:35,765 --> 01:05:39,665
We expected it here in the
first week of September.
1121
01:05:40,085 --> 01:05:42,335
We expected it in the
second week of September.
1122
01:05:42,365 --> 01:05:44,375
We expected it going into this past week.
1123
01:05:44,884 --> 01:05:45,215
Okay.
1124
01:05:45,365 --> 01:05:46,415
Now that we hit it.
1125
01:05:48,105 --> 01:05:52,125
We had to sit on our hands and be
more selective with our charts and
1126
01:05:52,425 --> 01:05:56,655
our setups because we have cleared a
higher timeframe level of liquidity.
1127
01:05:57,045 --> 01:05:59,205
So what's the next level
of price direction?
1128
01:05:59,655 --> 01:06:02,685
I don't know you get that.
1129
01:06:04,065 --> 01:06:06,855
I don't always know every single day.
1130
01:06:06,915 --> 01:06:10,095
And I've said this many times
the greatest lesson you're going
1131
01:06:10,095 --> 01:06:11,835
to learn from me in learning.
1132
01:06:11,835 --> 01:06:16,335
My concept is when not to trade
and because I have already seen a
1133
01:06:16,335 --> 01:06:21,255
fulfillment of what I expected to see,
and you've watched me outline it for
1134
01:06:21,255 --> 01:06:24,195
weeks and months now, bullish scenario.
1135
01:06:24,225 --> 01:06:27,035
So you don't tendencies that
break and market structure and
1136
01:06:27,195 --> 01:06:28,485
an institutional order flow.
1137
01:06:28,515 --> 01:06:31,905
And then finally reaching to a
hard timeframe level of liquidity.
1138
01:06:32,835 --> 01:06:34,335
This fractal is done.
1139
01:06:34,845 --> 01:06:36,165
It's over now.
1140
01:06:36,225 --> 01:06:36,945
Can it go higher?
1141
01:06:36,975 --> 01:06:37,395
Yes.
1142
01:06:37,425 --> 01:06:39,135
I just don't see it yet right now.
1143
01:06:40,125 --> 01:06:42,135
Can it break down and create
a reversal and trade lower?
1144
01:06:42,165 --> 01:06:42,915
Yes, it can.
1145
01:06:43,215 --> 01:06:44,415
I just don't see it right now.
1146
01:06:45,105 --> 01:06:46,035
So I'm new.
1147
01:06:47,339 --> 01:06:50,339
This week going in FMC,
I'm relatively neutral.
1148
01:06:50,759 --> 01:06:55,290
I said at the beginning of the daily chart
analysis, what I would expect in terms of
1149
01:06:55,290 --> 01:06:57,720
scenarios, but I'm not forcing anything.
1150
01:06:57,810 --> 01:07:03,209
I'm not pushing anything really
hard, but if we go back and kind like
1151
01:07:03,209 --> 01:07:09,689
finish this lesson, if we're bullish,
okay, we're bullish on a month.
1152
01:07:10,379 --> 01:07:12,930
And we're using this
concept with power three.
1153
01:07:20,939 --> 01:07:21,209
Great.
1154
01:07:21,209 --> 01:07:21,720
In here,
1155
01:07:26,250 --> 01:07:29,819
we're looking for the opening for the
month and for bullish, we're gonna expect
1156
01:07:29,879 --> 01:07:34,799
the price to trade down for the month and
then expansion throughout the month and
1157
01:07:34,799 --> 01:07:36,629
an up close where it's going to close.
1158
01:07:36,660 --> 01:07:40,589
We don't care, whereas expecting
the expanse on the upside.
1159
01:07:42,194 --> 01:07:45,705
To use power three for the monthly
range, you're going to get the opening
1160
01:07:45,705 --> 01:07:51,314
price, which is the midnight opening
of the first trading day of that month.
1161
01:07:51,794 --> 01:07:52,845
It's just as simple as that.
1162
01:07:53,415 --> 01:07:53,774
Okay.
1163
01:07:54,075 --> 01:07:59,055
So whatever the calendar date is
that opens in the market on the
1164
01:07:59,174 --> 01:08:04,515
midnight candle, it could be a
Tuesday, it could be a Wednesday.
1165
01:08:04,544 --> 01:08:07,544
We don't know when the first of the month
is going to open up on, but whatever
1166
01:08:07,544 --> 01:08:08,805
that is, that's your opening price.
1167
01:08:09,855 --> 01:08:12,884
This down move here is going to
be the first week of the month.
1168
01:08:13,814 --> 01:08:14,115
Okay.
1169
01:08:14,115 --> 01:08:20,085
You're going to expect this range in
here to encapsulate the first week.
1170
01:08:20,955 --> 01:08:23,354
So we have an opening
price here for the month.
1171
01:08:23,984 --> 01:08:26,474
Now, again, I'm coming back to this,
knowing that we have not finished
1172
01:08:26,474 --> 01:08:29,354
the month, but we don't need to
see the month close now because
1173
01:08:29,354 --> 01:08:32,684
we've already seen the target that
we had for the daily chart be met.
1174
01:08:33,194 --> 01:08:35,594
And from my stance, um, Saturday.
1175
01:08:36,645 --> 01:08:37,455
We called it.
1176
01:08:37,515 --> 01:08:38,234
We seen it.
1177
01:08:38,265 --> 01:08:39,825
We capitalize me engaged in it.
1178
01:08:40,154 --> 01:08:41,024
We murdered it.
1179
01:08:41,145 --> 01:08:41,475
Okay.
1180
01:08:41,865 --> 01:08:42,645
It's murder Inc.
1181
01:08:43,904 --> 01:08:44,865
Murder, Inc.
1182
01:08:45,345 --> 01:08:46,635
So we had the opening price here.
1183
01:08:46,815 --> 01:08:48,225
The first week we did rally up.
1184
01:08:48,255 --> 01:08:50,295
But if we're bullish, we
chase that price action.
1185
01:08:50,385 --> 01:08:54,105
No, wait, what's it going to do?
1186
01:08:54,765 --> 01:08:59,085
It's going to go down to manipulate would
go below the first week of trading here.
1187
01:08:59,685 --> 01:09:00,645
There's your Judas swing.
1188
01:09:01,484 --> 01:09:03,045
Whereas it forum one on Wednesday.
1189
01:09:03,765 --> 01:09:04,904
That's your low of the month.
1190
01:09:05,745 --> 01:09:07,995
That's this over here in the diagram.
1191
01:09:08,685 --> 01:09:09,885
Then we have expansion.
1192
01:09:10,845 --> 01:09:14,115
And then when we start getting above the
initial high in here, which is going to
1193
01:09:14,115 --> 01:09:19,095
act just like this opening prices, only on
the idea or illustration of power three,
1194
01:09:19,694 --> 01:09:21,404
then you'll start seeing the acceleration.
1195
01:09:21,645 --> 01:09:21,825
Okay.
1196
01:09:21,825 --> 01:09:22,965
We get above it here.
1197
01:09:23,505 --> 01:09:24,585
They won't let it drop.
1198
01:09:24,915 --> 01:09:27,734
They won't let it drop any lower
rallies and won't let it drop
1199
01:09:27,734 --> 01:09:29,085
any lower and rallies through.
1200
01:09:29,115 --> 01:09:30,285
They won't want to drop any lower.
1201
01:09:30,285 --> 01:09:31,455
Everything is being supported.
1202
01:09:31,455 --> 01:09:35,115
Now institutional order flow is
easy to see both sort of blocks.
1203
01:09:35,865 --> 01:09:37,514
They're capitalizing new long positions.
1204
01:09:38,294 --> 01:09:40,694
If they run below a previous
low, it's a Ronald stops.
1205
01:09:40,724 --> 01:09:44,924
It's not a break in market
structure when I just say rewind
1206
01:09:44,924 --> 01:09:45,764
it and listen to it again.
1207
01:09:46,154 --> 01:09:50,835
I just gave you million dollar
concepts all in this teaching
1208
01:09:51,734 --> 01:09:53,144
and it gives you framework.
1209
01:09:53,174 --> 01:09:54,254
It gives you structure.
1210
01:09:54,585 --> 01:09:58,365
And all I did was teach you the
high of the week to the close
1211
01:09:58,394 --> 01:09:59,894
as an opportunity with TGF.
1212
01:10:00,735 --> 01:10:05,775
But when you have everything understood,
and you understand why this takes
1213
01:10:05,775 --> 01:10:11,085
place, the real lesson is this is the
big lion's portion of the move here.
1214
01:10:11,835 --> 01:10:13,455
And this could be your entire model.
1215
01:10:14,144 --> 01:10:18,254
You can frame this entirely on the
basis of, I want to be a swing trader.
1216
01:10:18,375 --> 01:10:18,705
Okay.
1217
01:10:18,735 --> 01:10:21,375
I'm going to be buying out here
with the expection expectation.
1218
01:10:21,375 --> 01:10:24,974
Rather, we're going to get up here
to 1 30, 2 95 to 1 33 big figure.
1219
01:10:25,575 --> 01:10:26,445
And there's your swing trade.
1220
01:10:27,674 --> 01:10:30,794
You don't get shaken out with all these
little dips down and all these drops.
1221
01:10:31,004 --> 01:10:31,665
You don't care about that.
1222
01:10:31,665 --> 01:10:33,025
You expect it it's normal because.
1223
01:10:34,424 --> 01:10:37,514
As a day trader you're trading with the
highest probability on Monday, Tuesday,
1224
01:10:37,514 --> 01:10:42,285
and Wednesday, looking for buys below
the opening price or below a previous
1225
01:10:42,285 --> 01:10:44,474
day's low, where they run sell stops.
1226
01:10:44,505 --> 01:10:46,724
It won't be a break at
market structure going lower.
1227
01:10:48,045 --> 01:10:51,134
Oh nah, the gears are starting to turn.
1228
01:10:51,525 --> 01:10:53,205
I can see you smiling already.
1229
01:10:54,615 --> 01:10:58,005
So hopefully you found this lesson
in this week's commentary insightful.
1230
01:10:58,275 --> 01:11:00,134
Please do not share this information.
1231
01:11:00,644 --> 01:11:03,195
Please do not talk about it on Twitter.
1232
01:11:03,195 --> 01:11:04,695
Like, oh, this is greatest
thing in the world.
1233
01:11:04,695 --> 01:11:06,405
TJF because all you're
going to do is this.
1234
01:11:06,795 --> 01:11:09,105
I can't have more people asking
me about it and I'm not going
1235
01:11:09,105 --> 01:11:10,184
to teach it to them publicly.
1236
01:11:10,275 --> 01:11:16,605
So just know that I just gave you
something it's extremely powerful and go
1237
01:11:16,605 --> 01:11:21,464
back to your charts and see how it does
many times what I just outlined here
1238
01:11:21,915 --> 01:11:24,375
when bullish sides and on sell sides.
1239
01:11:24,375 --> 01:11:28,424
When it's perished, everything
that I teach you is mine.
1240
01:11:29,705 --> 01:11:34,235
When you start incorporating all these
things piece by piece, eventually
1241
01:11:34,265 --> 01:11:37,595
the randomness of the marketplace
and chaos that everyone else sees.
1242
01:11:38,045 --> 01:11:43,985
It's just perfect symmetry, everything
you would reasonably expect.
1243
01:11:44,375 --> 01:11:47,705
If the markets weren't ran by an hour
ago, you would see these signatures
1244
01:11:48,065 --> 01:11:50,285
and you see them now until next time.
1245
01:11:50,615 --> 01:11:52,175
Wish good luck and good trading.
106273
Can't find what you're looking for?
Get subtitles in any language from opensubtitles.com, and translate them here.