Original subtitles

Welcome back folks.

This is a review for February 13th, 2017.

Okay.

We have the dollar index.

We did a few things today in terms of commentary and outlooks on a few pairs.

So we're looking at, uh, the four hour and the daily order block

levels in here and price has shown some responsiveness at that.

Uh, we traded through this old high, we were looking for that to occur.

It's dropped down into a four-hour chart, came to see how prices

reacted off the four-hour block.

Here we noted today and the daily order block has certain Reese responsiveness

off of that price came up, cleared out the 101 level that we get to 1 0 1 10.

We looked for a run above these equal highs.

We did get that.

And as a result, we saw weakness on the foreign currencies.

We're going to take a look at the Euro dollar did in fact, go down and

clear out the liquidity pull that we were aiming for for rejection block.

So we have south side liquidity now has been absorbed.

So we're gonna have to wait and see if there's going to be a reaction.

And good go back higher.

Or if we're going to see expansion, if we see expansion, we'll be looking

for the mood to go down below this swing low again, disregarding this WIC.

Next layer area of concern for downside would be 1 0 5, 10 to 105 big figure

pound dollar.

Uh, we were looking for price to react.

Okay.

The lower timeframe levels.

We're going to look at here on a four hour timeframe inside

of a larger consolidation.

Still big draw on liquidity up here.

Still.

We have to get both below this low or the means threshold this last down candle to

negate any foolishness on the near-term.

Again, middle of this downtown.

We have to avoid seeing that, uh, maybe Retraded to otherwise, we'll be

looking for the Southside liquidity that you ran out on this pair

say, look at the four-hour chart.

Cause we did talk about that this morning in the live session, we had this down

candle, which is a bull shorter block.

We were looking for that to show willingness to support.

And price did in fact, trade back down into it and showed

a willingness to go higher.

So we're looking for a move of the bodies of these candles that comes in

the form of 1 25, 60 and Canadian dollar.

Um, we said this was a heavy pair and we'd probably see the south side.

The coolies still draw on this and it's doing so as indicated

during today's session.

We could see a trade down to 29, 80 to 29, 35.

If we really roll through this is the objective I'm still

looking for for this pair.

So that's what we're expecting.

If we get anything above these candles here, we will be looking for

buy-side liquidity run at 30 to 45.

But right now this is hard to see that even if the dollar was to rally, I

still see dollar CAD wanting to take this area out before it goes higher.

If it does at all.

Aussie dollar.

Uh, we had price expected to go up to 77 50 level longer-term we're looking for a

buying opportunity at that 75 90 level.

And we were watching the levels in here on a four hour basis.

Let's take a look at that.

Okay.

So we have this order block in here, and we talked about the main

threshold and price did trade down, took out the short-term low here

had some responses is off this down.

Can that, which we didn't talk about.

But I said, if we got the low, the mean threshold with this candle, we'd probably

want to make a run for the liquidity below here, which would also set up the

opportunity to be a swing trader long entry at 75 90 on the basis of that.

And we also have a four-hour.

As well.

So if we look at the opening on that candle, we could see price trade

down into the 75 95 to 76 big figure.

So that's what we're looking for.

Um, we want to see price, uh, get down to that level for a swing trade.

If we reject and trade higher in here, um, we will be looking for a run above

these equal highs at the 77 big figure.

If we trade down to this level here, That's the objective 77

big figure as a swing trade.

European has finally taken the sell side liquidity out, very aggressive.

And we're looking for now the market to trade back down into the 83 82

83 40 objective down here for the.

Rejection block below these equal body candles in here sell side liquidity

is the draw on price right now.

We don't see the likelihood of the buy-side yet.

Um, this, we have to monitor this and see if there's any rejection,

but right now it certainly looks like it wants to make a run for the sell

side liquidity resting below here.

So that's gonna be heavy on Euro and it may provide the bullishness

that we're expecting on the cable.

And.

Uh, we had some levels in here to watch as well.

We looked, we looked for the likelihood to get down here off of these

old highs and it looks like this.

Okay.

And we also had a level in mind on a four hour,

and that was this order blocking.

So if we add, we have that order block in here in mind, uh, we could see price

start to rally again, and we would be looking for a run above the liquidity

pool, resting with these equal highs.

So let's get back out to a Dale just for a second.

I'm going to add the levels I had in mind on the four hour drive

back down into the four hour, you can see there's the order block.

We outlined the body of the case.

The liquidity pool resting below these lows and the liquidity,

poor buffer, these highs.

This was all given to you live before the fact on the live session today,

and a Orbach for daily support and

the four hour base.

Um, we're a block as well.

So we had the four hour onus green stated area on this last day on candle.

And the daily water block is this one here didn't get down to the daily,

did react off of the four hour as we.

And price has shown a willingness to rally.

So it's been about, uh, see how much movement off of that level already.

Lois 12, 19, and it's moved as high as, uh, 1227 and a half.

So almost, almost.

A thousand dollars in terms of a range of that react reaction.

So right to the PIP, very handsomely done there.

Like I like that, but, uh, we'll see if it has legs still to continue

higher, if it does go higher, that would bode well for weakness on a

dollar to this, to be mindful of that.

Okay.

So we also had a level here noted for potential bullishness

on the silver market.

You're looking at the opening or.

This candle open comes in at 4 17 73.

Today's low 1773 dropped down to the four-hour chart.

Okay.

Price comes down and hits that level and retraced, and we've had

a 10 point bounce off of that.

Not terribly exciting.

I know, but, uh, it's nice to see the responsiveness on the levels.

I know you guys have been missing the.

Uh, before the fact discussions and looking for levels and reactions

to watch engage, uh, we'll look to see if it has any momentum to get

above the clear out these equals.

And making a better run for that 18 big figure 1820.

It'll be a nice upside.

If we get expansion above here, if we lose the ground here, um, we

have to be mindful of the last down candle here, but I don't think it's

going to be a, not to support price.

If we break down.

We'll probably want to take out these equal lows and that's still not

good because we've already had a run on stocks back here with this low.

So there's no necessity for price to trade back lower.

If it's going to go higher, it needs to go from here in my opinion.

And that's it folks I'm going to, uh, again, be away

from live sessions tomorrow.

I'm celebrating my anniversary with my wife.

So I will not be sharing live session time with you tomorrow,

but we will be back again.

Wednesday am New York time for another live session, but you will

have prerecorded teaching tomorrow.

It'll just be one video.

Usually guys been getting to usually a live session than a recap

video like we're doing here, uh, for Tuesday, February 14th, 2017.

Again, it's my anniversary, please.

Uh, understanding in that regard, I'm only going to be given you one

prerecorded session for tomorrow.

Another post tomorrow, 2:30 PM code.

You'll have it online by then, and I wish you good luck and good trading.