All language subtitles for 092418_v EN (F)

af Afrikaans
ak Akan
sq Albanian
am Amharic
ar Arabic Download
hy Armenian
az Azerbaijani
eu Basque
be Belarusian
bem Bemba
bn Bengali
bh Bihari
bs Bosnian
br Breton
bg Bulgarian
km Cambodian
ca Catalan
ceb Cebuano
chr Cherokee
ny Chichewa
zh-CN Chinese (Simplified)
zh-TW Chinese (Traditional)
co Corsican
hr Croatian
cs Czech
da Danish
nl Dutch
en English
eo Esperanto
et Estonian
ee Ewe
fo Faroese
tl Filipino
fi Finnish
fr French
fy Frisian
gaa Ga
gl Galician
ka Georgian
de German
el Greek
gn Guarani
gu Gujarati
ht Haitian Creole
ha Hausa
haw Hawaiian
iw Hebrew
hi Hindi
hmn Hmong
hu Hungarian
is Icelandic
ig Igbo
id Indonesian
ia Interlingua
ga Irish
it Italian
ja Japanese
jw Javanese
kn Kannada
kk Kazakh
rw Kinyarwanda
rn Kirundi
kg Kongo
ko Korean
kri Krio (Sierra Leone)
ku Kurdish
ckb Kurdish (Soranî)
ky Kyrgyz
lo Laothian
la Latin
lv Latvian
ln Lingala
lt Lithuanian
loz Lozi
lg Luganda
ach Luo
lb Luxembourgish
mk Macedonian
mg Malagasy
ms Malay
ml Malayalam
mt Maltese
mi Maori
mr Marathi
mfe Mauritian Creole
mo Moldavian
mn Mongolian
my Myanmar (Burmese)
sr-ME Montenegrin
ne Nepali
pcm Nigerian Pidgin
nso Northern Sotho
no Norwegian
nn Norwegian (Nynorsk)
oc Occitan
or Oriya
om Oromo
ps Pashto
fa Persian
pl Polish
pt-BR Portuguese (Brazil)
pt Portuguese (Portugal)
pa Punjabi
qu Quechua
ro Romanian
rm Romansh
nyn Runyakitara
ru Russian
sm Samoan
gd Scots Gaelic
sr Serbian
sh Serbo-Croatian
st Sesotho
tn Setswana
crs Seychellois Creole
sn Shona
sd Sindhi
si Sinhalese
sk Slovak
sl Slovenian
so Somali
es Spanish
es-419 Spanish (Latin American)
su Sundanese
sw Swahili
sv Swedish
tg Tajik
ta Tamil
tt Tatar
te Telugu
th Thai
ti Tigrinya
to Tonga
lua Tshiluba
tum Tumbuka
tr Turkish
tk Turkmen
tw Twi
ug Uighur
uk Ukrainian
ur Urdu
uz Uzbek
vi Vietnamese
cy Welsh
wo Wolof
xh Xhosa
yi Yiddish
yo Yoruba
zu Zulu
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.