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Welcome back folks.

This is a recap for February 15th, 2017 cases, dollar index on the

left hand side daily, and the right hand side is the four hour chart.

We're going to have our charts like this going forward and the mentorship.

So you'll be seeing daily and four hour.

Every time we discuss each specific market, uh, intraday today, we saw the

market rally above that 1 0 1 60 level, clearing out the buy-side liquidity and

a new buy-side liquidity level rests.

Now.

And Southside liquidity has moved below the bodies of these candles.

So we had rejection above 1 0 1 60.

You can see that rallying here.

And I said that we'd probably see, um, the market reach for this 1 0 1 60 level.

And if we rejected, their dad would cause a bullishness for gold and silver, and

obviously they would have some upward momentum on the foreign currencies.

That's been recently selling.

I think that we're going to probably consolidate in here.

Um, nothing's changed.

We still stuck in this range here to here.

We're holding a consolidation on the dollar index and nothing's

really terribly bullish or bearish.

So we have to keep things close to the vest if you will.

I mean, it's unfortunately a short term to day trade is the play that

you should be focusing on right now.

But that's unfortunate because we're looking for swing trades in this month.

Okay.

Moving over to the Euro dollar, we have.

The bodies of these candles in here, we worked below them and

didn't get to the 1 0 5, 10 level, but rejected on the heels of that.

One-on-one 60 level $4.

I, we did reach up back up into that 1 0 6 big figure level we were talking

about during the live session that scene over here on the four-hour chart.

It'll be interesting to see if we have resistance.

Come in here, hit it.

Did hit a four hour bearish.

Here all these candles here is a bearish order, block,

small little reaction so far.

Um, didn't find some momentum through it yet, but that can change

overnight going into tomorrow.

So we'll be watching that for the Euro dollar.

If we roll over, we will be looking for a run to that 1 0 5

big figure to 100, 4 80 upside.

Uh, we would have to look for, uh, it looks like we could see.

Uh, one is seven 30.

Yeah.

One of the seven 30 could be the upside.

If it does in fact, make a lowdown in here.

I'm not terribly excited about that idea at the moment, but that could

be love to look at going forward.

Just want to have it in re recording, moving over to the pound.

Uh, we had the pound trade down.

I support the last Bush.

What are block again?

Bounce off of that.

It didn't get below this level.

We were looking for rejected with back up and now we're still consolidating again.

So this, like I said, this pair is really being fickle.

He doesn't want to do anything.

In fact, I'm going to be real honest and tell you it's, it's making it

difficult for me to call this pair.

And it's unfortunate because this is my favorite.

And since it's not making sense to me, that's why I'm not treating it.

I'm not doing anything with it.

So it's not performing as I would like to see it perform.

So when in doubt, stay out, um, I don't know quite honestly

what this pair wants to do.

So I'm going to leave it at that and keep it at bare honesty.

I don't know.

I have no idea what it wants to do.

So with that, we're going to move over to.

Still suspect that one 30 level to be rated down here and get

below these candles by side liquidity, rest of the bar here.

And until that range gets broken, either from the downside or

upside, we will stay in between.

It's not going to have any terrible bullishness or bearishness.

I just think that that's most likely what we're going to do is restate.

So the cell side liquidity.

So again, nothing's changed big bullish move intraday for a dollar,

and it was rather moot on the dollar cat fair as we've been expecting.

So if we get some embarrassment on the dollar index, that may be

a catalyst for this to drive down.

And I mentioned that several times, every time we talk about

this pair, nothing's changed.

It's we're still looking for this down here and not terribly below.

Okay.

We have another paired.

It performed as we were expecting today, we thought that the Aussie

dollar was showing relative strength.

Um, it, even during the rally on the dollar index today, it just

was not wanting to go lower.

I mentioned this live in the session and we did punch through that 77

big figures to the next level of.

Well, the upside is 77 45, which is technically 77 50.

We're looking for that level to be traded to.

Um, now we have to consider sell side liquidity here now.

Okay.

So we have to be mindful of that.

We'll take this off and that way our charts are now.

Okay.

So now we have our liquidity void and pull together here coupled up for a 76

big figure liquidity reference point.

So again, we're looking for continuation on the upside.

Uh, 77 50 is the next objective.

Be mindful though at, uh, 77 20, we could get a little bit of a retrace.

And if we do start looking at that 76.

95 to 76 big figure.

As short-term support, looking at gold, we outlined the 1217 level, um, as a

potential area to expect bullishness.

Should we see the dollar slide at 1 0 1 60?

Well, we went above 1 0 1 60 on the dollar index and they rejected trade all, be

back down 60 points on a dollar index.

And then we saw gold hit that level.

Exactly as outline today, you know, before the fact, and we saw price and gold surge.

Uh, we saw it react at that 17 level and we've got a buy-side liquidity

pool resting rate above these equal highs and above that we have the

1250 level, which is also this same area we've had noted for awhile, um,

closing in that remaining portion of the fair value gap on the daily chart.

So we're looking for higher gold weaker to consolidate a

dollar index and moving over to.

Okay.

We had, again, the reaction at that water block on a daily basis.

Uh, they, in fact, he was a nice little pop again with the weakness on the

dollar, held up its own on a rally initially intraday on the dollar index.

But then when the dollar was weak found support rate at the

level, they were looking for 1773, hit it exactly to the point.

And as rally since, and we're still in consolidation.

So we were going to be looking for 1820 to 1850 upside for

silver as our next objective.

And that's it for today.

Um, I'm going to give you some homework.

I want you to go through the currencies, just the majors.

That means the dollar index versus, or not Valerie news, but the dollar

versus Canadian dollar yen dollar Swiss.

See all.

Pound dollar Euro dollar on those pairs alone, nothing exotic.

I want you to go through the last four years.

Okay.

And on the forum, I want you to give me a list of all of the big movers, the big

moves that took place over the last four years, each year, one or two of those

pairs had really significant price moves.

So, what you're doing is you're making a list of what moves took

place in 2016, 2015, 2014, 2013.

So in the last four years, what were the big movers each year?

And how many pips did it move and what type of move as it

was a bullish or bearish.

And was there anything that lined up with it from a seasonal standpoint?

That's your homework for this week and to have it online in a forum post.

To share with the other, uh, members of our community.

It needs to be posted by Saturday, noon my time, and that's going to be it for today.

Folks, we'll be back together again, live tomorrow at 8:00 AM, New York time.

So I will see you all then have a good night.

Good luck.