All language subtitles for March 02, 2017 Description- Price Action USDX - CAD - GBP - EUR

Okay, good morning folks.

Welcome back.

Uh, here's the economic calendar for
today that he serves day March 2nd, 2017.

Our focus this morning for
the New York session is going

to be the Canadian dollar.

As you see here, the, the cat has a
eight 30 high-impact news release TDP.

Again, I could care less what
the information is there.

It's not important to me.

And we also have unemployment
claims also for the dollar.

So we should see some
volatility this morning.

Let's go back over to our charts.

Bear with me one second,
a lot of transition.

Okay.

All right.

We should be showing the dollar
index, confirm it before I begin.

Awesome.

Thank you very much for your assistance.

All right.

So we have.

The dollar index has moved obviously of
the equal highs that we are monitoring.

Looking for an objective on upside
draw, provide liquidity yesterday.

We had a strong close, as we
were hoping to see so far,

we've seen some follow-through.

So only upside we're looking for a reason
to get back up into this area in here,

clear out the bodies of these candles.

Ultimately.

If we get follow-through all
the way through the rest of this

week, it's going to be indicative
of moving beyond these highs of.

So if we see that that's a plus
for going long-term short-term and

swing trade for foreign currencies,
uh, there is a condition that may

be unfolding in the Euro dollar
that we may be taking advantage of.

If we get the action I'm looking for
this morning, the accident I'm looking

for this morning also is not to see
a blow off, move on unemployment.

Or the GDP, number four for cat.

I want, I want to see those same things.

Keep things moving along in the
same direction we're seeing here.

I liked the fact that we've had
the SMT divergence between dollar

and cat, which will, I'm sorry,
dollar British pound rather.

Um, and we'll look at that in a moment,
but overall it looks like we have a

potential measured move type thing
going on in here on a dollar and I'll

show you what that means graphically.

Okay, I'm gonna use the Wix first.

Okay.

So we have this low here up
to the high, a little bit.

Here's the low to the
high I'm measuring up to.

It's going to hold down control in
drag that box so I can duplicate it.

And I'm going to take that
and lay it right on the low.

There notice that puts us read up
back inside this fair value gap again.

Now my opinion.

I think if it goes to this area
here, it's not going to just stop.

I think it's going to want to clear the
bodies of the candles again, and then

go one more time through and trade up
into the one oh fours and then make,

maybe make a run for this 1 0 5 and
1 0 7 is one of the sevens as said

a couple of years ago as an upside
objective long-term for the dollar.

So this may have been what was
necessary for that to get back

in sync with this long-term.

But we want to see evidences of that this
morning and the unemployment numbers.

So if we're looking
for, hang on one second,

the, the mouse may not be appearing,
but it will be in the recording.

I will draw a special attention to,
uh, the days candles, if, uh, if I'm

specifically referring to something.

Okay.

Thank you for that.

The yes.

Weird sounds.

Some of you are seeing the mouse
and some of you aren't, so I'm

not sure what that is all about.

I know I can see my mouse and
it's all managed right now.

We'll be able to see it in the recording,
the, uh, the expansion above these equal

highs that we want to see that continue.

It's nice to see this, the daily
candle we opened, traded down a

little bit and we rejected that.

So I want to see the daily rings.

Expand.

Continue.

And still try to break through these buys
in here and make a run one more time to

go above all the way through this range
and get above these bodies in here.

And let's take a minute to
make a notation of that.

I am so stoked.

I'm ready, man.

I'm so ready for this year to get going.

I don't think anybody's prepared
to see what's about to happen.

So we got upside objectives,
uh, in the form of this here.

And I can see probably, um, maybe a
small little pause or retracement.

If we get above the body's candles
here on the 9th of January.

Okay.

So the open on the 9th of January,
that's the highest candle body

that we would go from to the left.

Where right now, where we're at, we
have a little bit, a little bit of a

wick that closing the fair value gap
that was formed from the 3rd of January,

but we already pass through that.

So that's what I want you to think about.

We've already came up here or.

The 11th of January, enclosed in a
fair value, get where price prices only

delivered on the downside and price came
up and gave us long wick, close that in.

And then we went lower afterwards
where we're going here right now,

presently in the last few days,
I don't see us just going up here

a little while and then retrace.

To drop again.

I think we're going to make another
run at those old highs, and that

is what we've been waiting for.

We want to see some kind of sign that
we're looking for a longer term level.

Since we have resistance levels
or buy-side liquidity on the daily

for the dollar index that it may
be reaching for, that's going to

put pressure on foreign currencies.

So our focus is going to be looking
for the weakest foreign currencies

that are already ready to sell off
or has been selling off a Euro.

Looks really good for that.

And we'll take a look at that in a minute.

I want to say again, the evidences
of that still continuing today.

I don't want to see a strong
rejection while we're above

these equal highs in here.

If we get the numbers to facilitate
a rejection and it starts to break

down, that would be a little bit
disconcerning because I would rather

see it show a willingness to want to
go higher, not to explosively higher.

I want to keep it steady and
slow because if it's reading.

It won't give us an opportunity
really to get in there and go along.

There'll be another buying day.

We're going to be looking for a
down closed day and that'll give

us, uh, an opportunity to get long.

We can go into what's a
short term long we can go in.

I'm sorry.

A short term self foreign currencies,
but what we're looking for on a dollar

index is we want to down close, but today
we definitely want to see an up-close.

We don't want to see
any kind of rejection.

Does everybody understand that?

Okay, good.

So I got one person saying they
didn't understand something can

make it real quick and short.

The dollar index is bullish.

We think it's going to make a higher high
on a daily higher than the high that was

formed in the high formed on, uh, the
days at the 3rd of January of this year.

So I think right now, technically it
looks like we're going to make a whole.

We're looking for 100 fours.

If that's the case we want to
see still today, bullish prices.

And we want to see a bullish close.

We do not want to see a rejection and
go lower on the employment numbers.

We all want to see that we want to see it
trade higher, but we don't want to see it.

Explosively move higher.

We want to see it move up gradually
a little bit today and then have

one down close on a daily chart.

As soon as we get it down close
on a daily chart, we will be

going in hunting a long position.

For dollar based, uh, rallies.

In other words, we're going to be
looking to sell and you're like,

you're a dollar, a pound dollar.

And I think there are two
focus points for today.

So we've beat that up enough.

Let's go over to the Euro.

All right.

So we have a little bit of a fair game.

Fair value.

Get, that's not noted in here, but I
want you to look at the down candle

here, the lowest blow on a day.

Uh, it's high comes in at 1 0 4 47.

So we're looking for 100, 4 53 pips above.

And remember we round up.

So that will be the
next downside objective.

And it's about 60 pips or so
from where we're at right now.

Uh, we've gotta be mindful though,
that if we get one more low in here,

they might try to send it higher.

If it goes higher, we'll be looking for,
uh, retracement back into a 100, 500.

And again, that's assuming if we get
below the low formed on February 22nd.

So if we blow through low of one to
four 90 and then come back up, like say

it once it reject, I have like a three
drive lower and then trade back higher.

I don't see that as a low yet.

No worries.

I don't know.

I'm not expecting this low
to stay intact right now.

I think that the dollar is
going to push this pair lower.

And if we do get a
little bit of a snapback.

This low on the 22nd of February,
I think it would be kept by the

last up candle here, right in here.

And the reason why I like that
is because this candle has a big,

long wick, the lowest short-term
loan on the 22nd of February.

I don't see that as a reason to
go back up into it because we are

basically, you've already did that
today at the open we open, traded up

a little bit rejected, and then we've
expanded on the downside intraday.

So.

And what we're looking for is a
move through the February 22nd,

low, and maybe one up close.

And that's what we're looking for.

The SSL.

Uh, if it doesn't go below the
loan today and we get the follow

through on the upside on dollar
index and we get an up-close.

Okay.

Euro dollar.

We will be looking to go short tomorrow
and I'll give you a day, Tracy.

You guys can put a little bit of money
in your pocket, so, but we were looking

for something to do on the sell side.

Preferably since we're going into
the weekend though, I would rather

it not do that because I don't want
to hold anything through the weekend.

Again, hopefully we'll just get
that, uh, move through this low.

And then maybe Monday we'll
get an up-close setting.

The, uh, the weekly range up for a
one shot, one kill where we can go

short on your dollar and make it
run down into the fair value gap.

Or maybe even below through
rejection block, which is the lowest

candle body in that comes in on
the December 21st, 2016 candle.

Yeah.

So we'll just sell short on your dollar.

We're looking for an up-close on a daily
that sets the precedents that will give

us an over bought condition short term.

And that'll give us a reason to anticipate
further expansion on the downside.

And it's just like, we need
to down close on a dollar.

It's going to be the opposite.

So let's think about what we're
doing and we're waiting for that

opportunity where during a retrace.

And up-close and a downmarket.

What are, what is that?

That's up candles.

They become what new
selling opportunities.

So we're waiting for them, the
Mar the smart money to give an up

close on your dollar, preferably
after this lowest taken out.

And then we'll sell short your dollar
with an expansion idea down into the

fair value gap, and then making it
run below the buys into candles and

ultimately the lowest low formed.

January 3rd, 2017.

So I think that's what we're looking for.

Now.

If we get below that low
of one or three 40, wow.

We could get into the
one or twos real quick.

It could be real sudden to just
be mindful of that as well.

Um, I think that's the business for
that, but yeah, long-term, we are looking

for parody on a Euro and dollar case.

I like what we're seeing here, it's
already giving us an opportunity.

I'd love to see this
pair stay just like this.

It can fancy dance around and move
around and all, but I'd like to see it,

stay here with this up-close because
everyone going into tomorrow, we'll

see this as a potential low and no
one they'll want to go in and buy it.

And I don't suspect that that will,
that will close in this range in here.

I think this will be just one
little catalyst where we start

to move lower and expand down.

We have this boy.

So once we get the low, these
loads, if we do it all the

candles formed on January 18th and
January, I think it would be 1920.

I'm like, yeah.

And January 19th and 18th, if we get
below those two candles and expand it,

we'll probably do it rather quickly.

And you'll see another
repeat of this big downturn.

Like we saw yesterday, that will
probably be what we'll see going

in for downside objectives.

And then we have a small little fair
value gap in here where price has

only been delivered on the upside.

Let me put that.

So you can see it.

Okay.

So that's what we're looking for for
fair value on the biggest candle on

17th of January, a huge up moving here
that price is only been delivered on

the buy-side between the two candles
that's referencing the shaded area.

So.

Lots of reasons why we can expect to see
a 21 big figure and 2090 as a downside.

So that gives us about 200 pips
potential downside range that work with.

So there's really absolutely no reason
why we can't find something in that.

So that's what we're looking for now.

Has anybody noticed the SMT
divergence formed on the high.

Let me show you where I'm looking at

now that we're in short term trading
discussions, you're going to see

a lot of S and T stuff coming in.

You have the higher high here.

Okay.

And on the dollar index, let me
make a reference of your date sale.

You can find them in your charts
as well, February 14th and

the 24th, real easy 14 and 24.

And the 24th right there.

Good grief.

Come on, Michael.

Here we are.

So we have on the cable, we had a false
rally pushing up in clearing adviser

to candles rejected by bullshit.

Okay.

So that's why we mentioned this weekly
order blocking here that we were

watching it dip into it, dipped into
it again, it dipped into it again.

And finally we get to explosive move
through the equal highs and we wanted

to see follow through so far today.

We've seen that.

So that bodes well for the
longer term objectives that

we're looking for down here.

And again, this pair, I think
has the ability to go a lot

lower than this lower here too.

And.

Long-term British panel has a
lot more to go down in terms of

comparing the Euro and cable.

So I think they're going to see a lot more
downside for this particular pair of soul.

So I think, uh, we'll be looking for
real strong reasons to get short if,

and when we get down here and closing
this fair value gap, the next little

short-term retracement after that.

That will be, in my opinion, one
of the best swing trades that we're

going to have probably for this year.

And it will be a selling
position for cable.

And we'll be looking to hold that
for as long as we can milk it, but we

have to wait for it to get down there.

Okay.

And so in your notes, we want to
see a trade down in the fair value

gap, how long it takes, who cares.

We want to get down there, trade below
it, and then come back up into that scene.

Okay.

That'll act like a inversion level
where it becomes a level four

support or a downside objective.

Right now we want to see it retreated
to later on as a resistance level.

Okay.

So if we get down below it and
trade it back up to like 1 20, 80

to 1 20 90, if everything lines up,
that will be a swing trade in the

future for a downside objective.

And I'd like to see it, do this trade war.

Go into the fair value gap.

Pause a little bit, maybe have a
storage and a little bounce, but

then trade through it one more time,
but do not go below the low form

this year on the 16th of January.

If we trade below the fair value gap and
trade it back up into it as a resistance

level and trade back to a 1 20 90 and 1
20 80, either one of those two levels.

Again, we're not looking at zones, but
we're looking through specific prices.

If we trade back and it could retreat
back out to the 1 21 big figure too.

But if it does that, and it
does it in retracement fashion.

After trading below the fair value gap,
but leaves the low formed on a year.

Intact again.

That is going to be one of the most
powerful, huge down moves for this year.

Especially if we're looking
for 1 0 5, 100 $7,000.

So if we get to one to fours on dollar
index, and this has yet to make you make

a move below the old well here home,
man, you talk about easy, easy money.

That's what it's going to be.

We'll probably see several hundred pills.

Just in that move alone.

So that's something you
want to be mindful of.

Keep that in your notes, on your
daily chart, don't clog it up.

Finally, you know, an area over here
on the left hand side, where you want

to keep that as a mental marker where,
you know, if we get down that level,

think about what I just told you, have
it in your calendar, have it in your

notes that should we get down there.

That's one of the conditions
I'm looking for that right.

There will be an amazing, uh,
swing traits that we'll be

looking for that all the dollar.

I think Troy's got some luck today.

Um, It should be seeing his, uh,
short position panning out for him.

We had some breakdown in here
and we closed in a fair value.

Got here.

And I think we may see a little bit,

are we out here?

So we have the range of the
two candles here, the down, uh,

jumped it along, came the Michael.

Okay.

We have the range from the two down
candles here on the daily chart.

Means threshold for that.

That will be your objective.

Should we see acceleration on the
downside and upside on the dollar?

We'll keep things simple
and short today with that.

So you're looking for that.

Um, and it might, it might stall
on pause in here couple more

minutes and then we'll have our.

Release on the news, but yet out
four minutes, we'll have a near sock.

I get ready to get over to the cab here.

I think we'll probably,
uh, reach for 75 62.

If we come back up, we want to see it
whole resistance at this level right here.

Watch see all the bodies in here.

Looking for the lowest of the body.

That means the open, the candle of
the 8th of February, that open is

76, 20 nice institutional level.

That should keep price down.

Let's keep the anchor great
to the right one right there.

And of course my OCD is
going to be flaring now.

Cause it's little things.

Not behaving.

So we could, if we get a little bit
of a knee jerk reaction, if it comes

back up, this should act as resistance.

Now we broke support potential
market structure shift.

So if we get back up here and trade down
to meet threshold, if you are short,

take something off, leave a little bit
on, you might get a rundown below where

the sell side liquidity is below here.

Um,

Where are we at here?

Hang on one second.

I got a question.

Question is, is what about
the swing trade idea?

The dollar bullishness has

shown a clear breakthrough here
and we had continuation and.

This has already shown a
willingness to want to break down.

I didn't want to see it break down sharply
and they want to see it go down at all.

Really.

I wanted to see a hold on the
consolidation, cause I thought

we'd get one more drive higher.

It's finally bending its knee.

So if it does go lower than what it
is, this would be your objective here.

I don't want to buy it now.

I want to wait and see what we
have for this level here, because

this may be a catalyst for
another drive to this level here.

Too much dollar strength and finally
with the Aldi dollar finally getting

to it, it can't, it can't hold up
apparently to the dollar index now.

So we're going to wait
and see now this level.

Okay.

The main threshold that may
be a better area to buy.

If we get weakness on a dollar, you have
to, you have to balance both things.

The dollar strength, if the Aussie
dollar would have been holding on

to its ground and not went down to.

That would have shown relative strength,
but we've seen two old highs here on the

dollar broken and upside still today.

If all that you would have, have
been showing what it's been done

in the last month, a few months
or so with dollar strength, all

he has been reluctant to go down.

That's not happening right now.

So we're seeing distribution
in all of these.

So you have to go back and look, okay,
well, if that's now finally happening,

what would be the upside, uh, support this
level here should be offering support.

And if it doesn't, then it's going to
want to reach to this level here, which

is the middle of these two down candles.

That's also essentially
the equilibrium price point

between this high and this low.

So it may want to just go back
down into the 75, 60, 75, 65

level, uh, as it relates to Aussie,
I'm not interested in trading.

It does that, does that make it
a little bit clearer for you?

Chase there's other pairs that I think
are more in line with what the dollar's

doing into dollar to me is the king.

And this is, uh, this is why I was
suggesting in the last few sessions, when

we do live sessions or re, uh, re views.

Yeah for Troy or whoever else is
going short on all the dollars.

That's a trade I would not be taking.

And I admitted that openly.

And it's not to say that you shouldn't
do it because, you know, you have to take

your own traits and have your own opinion
about what it is that personally, uh, this

pair has shown relative strength against
the dollar when it's been rallying.

And in my, in my experience, I've
lost money doing that, and it's

easier to find trades that are moving.

In concert with what the dollar is doing.

So if the dollar is going
higher, to me, it just makes

better sense to look for pairs.

It wants to go lower.

And if this pair or any other pair,
like it would be trading higher when

the dollar has been trading higher,
that does not show market symmetry.

And I know it looks like, you
know, what's the highest one up.

So therefore it's got a lot more
to fall lower and it doesn't

mean that it just means that.

You have more likelihood to see a
pair like this rally when the dollar

sells off versus looking for it to
sell off when the dollar rallies does

that make it, does that make a little
bit better sense or I just personally

wouldn't be, I wouldn't be buying.

I'm sorry.

I wouldn't be selling short.

Simply because it's shown well, I mean,
if you look at what's been going on, you

know, this whole time from December, you
know, all these spending awesome upside.

And that's why, when we were
looking for, um, dollar weakness,

we were focusing primarily on
being bullish on Aussie dollar.

Remember that we were looking
for reasons to see this pair go

higher and it was moving for us.

We were not looking at any
weakness in his pair at all.

So that may be changing.

We may be seeing the, the final stages of
that happening here, but it is what it is.

Yeah.

I think I did.

I miss the cat,

let's go into an hourly chart
and see what we got here.

Not so much

buys a candle, sent it up rejected so far.

We have equal lows in here
could see a 33 40, 33 35.

And then we have the order block down
here it's already been treated to here.

What's the dollar Dylan only wants to

hold on to it.

Scans.

I like cable doing what it's doing.

Can't go load it on an hourly chart.

I appreciate your enthusiasm,
but we had to stick to the rules.

All right.

So we have a down candle
right in here is 33 30.

And then we have the high on
that candle comes in at 33, 25.

So if we lose this low in here,
we could see 33 35 to 33 25.

That would be nice to see a little
bit of a re uh, the retracement.

If we get it down close on
this pair that may set up a

nice buying opportunity, right?

On the heels of finding support
at the old candles that we've

had noted here at 1 30, 3 30.

So we have that also, so that
rejection block here to buys into

candles should offer some support.

And that would be also really, really
good because look what it leaves in.

Do you see it?

If we, if we retrace go lower and
have down close today, what does

that leave in the marketplace?

On the daily

candy land?

We have an old high here
on January 20th and today.

Okay.

So that would be a nice
to leave that there.

And man, if they leave that like that.

That's almost like easy and
it's like easy, easy stuff.

So if we can get that scenario
in, here's the thing, let's just

say we cap the weekly rains today.

Okay.

See, say the news today puts a weekly
cap on the range and it's Thursday.

And usually it's usually what can happen.

It also.

Is one of the things we talk about
in the market maker, uh, manipulation

templates for the weekly range.

This is one of them you're
actually going to learn about.

And I'll talk about it now, cause
it's happening potentially here now.

So that way when it happens, if it
does, I can pat myself on the back

and say, see, I did, I did your
favorite, did your good service.

Let's talk about the fact and explained
it if we have made the weekly high today.

Okay.

And then we have a down, say
it doesn't close down today.

Say we have a down close tomorrow.

But we don't go down
below 33, 25 or 33 30.

That sets up a wonderful
buying opportunity next week.

Because also if we think that price
is going to go up to fair value and

ultimately go above these equal highs,
where we at right now, we're essentially

at about equilibrium or halfway point.

If it's going to leave
the equilibrium price.

It's going to do it slowly, methodically
or dynamically on the second

portion or second leg of price move.

I hear you guys, somebody
has been studying right now.

Think about this.

We've had price already
moved dynamically tire.

So if, if it's moving quick down
here already, that means that they're

not probably going to give a big
deep retracement and give everybody

an opportunity to get in here.

So we have to be thinking very.

Specific about where they may
retrace back to, and don't expect a

doll along deep, several multi-day
or a week long retracement.

We may only require the trade
down with one or two down closes.

And with Sunday, some of us have Sunday
candles, some of us don't, but that's

still going to paint two candles.

So if we get.

A weekly range high today on dollar CAD.

It caps the weekly range.

It doesn't go any higher today
or tomorrow, but we have a closed

that down today or down on Friday.

Preferably it would be awesome
if we can get it down close today

and tomorrow that's a loaded deal.

Long scenario.

If we leave 1 30, 3 30 intact as
support, it can touch it today.

It can touch it tomorrow,
but it can not treat.

If we get that, if we get that
condition, we will have eight easy,

long trade that take us up about 150
to 200 pips, easy there to nothing

about what this is suggesting.

What do we say?

The range was on the downside for cable?

How many pips?

About 200, right.

We have also about 200.

Well, Tim's getting gray.

These aims at 700.

It was two, it was 200
pips, slow down cowboy.

The, we got about 200
pips on the upside for.

And we're looking for potential range
of downside on cable about 200 pips too.

So we're starting to see
signs of a symmetry there.

You want to be able to see
those things that happen.

Eurodollar.

We potentially have a lot more
than that, and I'll go into

greater detail on this weekend.

I'm going to give you a little
bit more of a top-down analysis.

And now, because we're in short term
trading, I have to have notations on the.

So it's going to be commentary
a little bit in the charts also.

And I know some of you have friends.

I know some of you are probably
storing charts on an in mediums where

people can get ahold of it, please.

I'm asking you not to do that because
really what I'm doing is I'm telling you.

Basically ahead of time in static
form, how I'm going to be trading.

So if it's shared with the public or if
it's, you know, if you tweet something

and it comes across, I'm going to be very,
very upset and you, you will be removed

from the mentorship, but my charts are
now going to have a lot more information.

Whereas now I've only been in really
highlighting levels for you to see.

Now, I'm going to tell you what I'm
expecting in the scenarios, because we

have to have a little bit more specific
and some of the templates are going

to use and learn this month are highly
specific to certain market conditions.

So that way you can see why I think
certain things are going to unfold and

what that looks like in general terms.

So that way you can see, okay, it's almost
like market mapping before the fact, okay,

this is what I think is gonna happen.

It's going to do this, this,
and then that is the outcome.

So you'll start seeing that more on.

Um, while and keeps cutting out.

Don't move the knob then because
I'm not doing anything on my end.

Just, uh, if it's an audio issue,
I think I'd be getting a lot

more, just one person Luigi.

So I'm sure that recording will be okay.

So we're seeing, like I said, we're
seeing signs of symmetry coming back

in the marketplace, so that's awesome.

And, uh, we'll be doing, we'll be doing
hopefully a lot more volatility as

we go into the second quarter of the.

Which is awesome because my schedules
are almost out outlined in a timeframe

where we're right at a time when the
market start getting busy and we're in

the short-term and day trading models.

So it'll be nice.

And it's for quick, look a dollar again.

Um, yeah, these equal highs back
in here, there's a big buy-side

liquidity draw above these equal highs.

We've already went above
the rejection block in here.

If we see again, expansion.

This wick has nothing
to do with resistance.

We're gonna be looking for
price to draw back up into here.

Just as a reminder, I hate to spare.

So yeah, we're looking for price to get
up into here and let's do this, Michael.

It's a little bit more
appropriate to do this.

So we have these equal hide candles.

And then we have this week,
so I want to include that.

So it may just dip into that area there.

What is that level?

High comes in at 1 14 39
and the high illness is one.

Did I say that wrong?

I think it did ties 1 15 37.

And in the high on, this is 1 15 39.

So we're looking for 1 15 35, the one 15.

As an outside on dollar yen swissy should
be starting to reach towards objectives.

We were calling for, uh, one
more drive higher on this one.

We come off of a bull shore
block on a daily basis.

Again, I hate this pair as well,
but we have a big, huge liquidity

pool resting rate above here.

Great of there.

So, what does that work out to be?

We got one of three 30.

Yeah.

One to three 30.

So we got, how many steps is that now
from where we're at right now, one or

three 30 as upside objective, 200 pips.

You starting to see a theme here.

Tim, Tim's got 700 again.

So yeah, we're starting to see
a lot of symmetry in terms of

the targets and objectives.

So that's good.

We want to see evidence of that.

The more you have things in
agreement with objectives.

When you look at it and doing your
analysis, certain swing objectives, day

trade objectives, intraday, same thing.

If you start seeing intraday
models, let me go into detail.

Uh, we're looking for the dollar to move
a certain number of pips or, or points

we should be seeing the opposite of that.

And sometimes a little bit more on
more aggressive pairs, like cable,

sometimes outperforms a little bit to
get a little bit excited and go farther

than you probably think they will.

But when you start seeing multiple
currencies or pairs in this case,

suggesting a specific number
of pips or points in terms of.

Um, unrealized objectives.

That to me is always been a
precursor to market symmetry.

So if we see these ideas starting
appearing in the charts, to

me, it bodes well for really,
really nice trading coming up.

So let's just, hopefully we get
it, you know, continuing, and

we don't see a breakdown today.

Let's get one more check on the dollar,
starting to fizzle a little bit, but

not a strong rejection, which is.

you're a dollar.

Get it right, Michael.

All right.

So we have price treating down into it
should go a little bit lower than this.

Yeah.

Cable, like I said, I like to see it stay
with an up-close and here, and preferably

if we can get another small little range
on Friday with an up-close too, and hang

around this level in here, not break down.

If it starts to break down, it
just, it, unfortunately, it's going

to be a missed opportunity, but we
want to see a consolidator in here.

Have basically keep the range we have.

Small little up-close tomorrow.

No big range.

Now it can trade up and trade
above today's high tomorrow.

Go there, but then not have a big
expansion that might be a potential

move to, because if we see an up-close
today and up-close tomorrow on Friday

going into the weekend, I am selling
short, British pound, and I'm going

to be looking for a hundred, 200
pips and an illegal small portion of.

As a swing trade potentially to get
down below that one 20 level and see

if I can get a little piece of that.

Then if we get that scenario
where we trade down below the

fair value gap, I'll add back in
whatever position I took off here.

I'll add it back in here and I'll give
you an example, how we can add into a

position that's already been established
from a higher timeframe up here or

higher level in a higher timeframe.

And let's see.

I like this.

See how we're holding this in
here, holding consolidation

around in the same price range.

If we lose this low, we're going to go all
the way back down into this order block.

And let's do that right here.

Get a feel for its
range where it could go.

Yeah, it puts us down into this or
block right here and inside this.

Series of down moves.

So it might have to go a little bit into
here, also overlaps with this down candle.

So that might be the level
of the high on that candle.

12, 12 to 12, 15, 12, 10, downside.

If we lose this low, I would
not like to see that again.

I want to see gold, just stay in
consolidation and just not really

worry about dollar strength.

Because I really want to be lost.

Gold and silver and more
preferably the silver market.

So there's a lot of things I'm
weighing out and you can see why

this would be very confusing.

If I talk like this every single time
we did a live session, you wouldn't know

what I was doing from one day to the next.

That's why I like to be able to do
day trading and short-term trading

because it gives me something to do.

And even the long-term, it doesn't
really make that big of a deal to me.

But since you're learning, I'm
giving you what's in my mind, I'm

thinking kind of like out loud.

So.

It can still rally, but I don't
want to see gold breakdown.

I want to see a hold of me, uh,
maintain a big, large consolidation.

Uh, how can you take out
portion of your position?

I think I did.

I think I did a video of that somewhere.

You just go into, uh, um,
the position and you want to.

Uh, it depends on what your platform,
I think it's going to say modify

position, and then you go in and
you'll just know you can, um,

yeah, you closed the position and
you click on instant execution,

but you change your position size.

So you have, so you have 10 mini lots.

Okay.

You can take.

One and change it to, okay.

I want to sell one mini lot.

And if you do that, it leaves nine on.

It's not that big of a deal.

Um,

well, if you have micro
lots, it's the same thing.

Yeah, nothing's really

all right.

So looking at what you're looking at
here for dollar CAD, not much volatility

today for a high impact news event,
that really isn't that big of a deal.

I mean, we had a little bit of
a, a gap down traded back up,

but nothing's happened thus far
to really get you to work on.

Just be mindful today.

We have these equal what was down here
and it's also an order block down in here.

So price me, want to draw
down into this area here.

And, you know, I messed up,
I'm thinking about day trades.

You have no idea how hard it is to
be going through this many months

and not have pulled up the charts.

Cause I want to see, I want to see
where my entries are going to be yet.

Here's your order block for downside
it's below these equal loads.

So just on an intraday basis, I know
some of you guys are all watching the

interest anyway, since there's really
nothing for me to talk about as a Swain

tray, we'll just throw this in here.

Maybe keep your attention
for a little while.

Last up candle.

We traded right into it here.

This may be just a little bit higher
up and then maybe roll through and

giving a little bit of a introduction.

I might be able to sell it for a
1 33 60 and look for 1 30, 3 40.

So you get a 20 PIP little
scout there potentially.

I wouldn't demand much more than that.

Um, the pairs already strong, and if
you're just looking for volatility plays,

that might be one that you can get today.

But apart from that, I wouldn't touch it.

Not in any other manner.

So we'll see that comes to fruition.

What time is it?

Eight 40 gals.

Outgoing.

Yeah, it looks nice and clean.

So we might see it come
down into that level.

Do I sometimes use liquidity
voids and fair value gaps?

Interchangeably.

They're essentially the same thing.

Um, void.

You're just a larger gap.

I guess I could really just say,
um, one side deliberate price and

it's an easier way of saying it.

So you just look for areas on the
price where a range in price action

has only been off well like this
right here, this whole move here up

this candle on the February 28th.

Let me just put a little
arrow on it to see you guys.

I don't know why someone you can't see.

My mouth, but that candle right there.

Okay.

So on that candle price plus
expanding, and then on this candle

right there, it's low comes down a
little bit, but it leaves the range

open.

Right there.

Yeah.

That's going to be a gap in my
opinion, but if you go into a

lower timeframe that may become a
liquidity void, it's all relative.

It's just basically all you're
looking for is areas where price

is only been delivered on one side.

Since, since it's only been offered on
the upside prices, pass through one time.

It came down a little bit that
left that little area in here.

So that's a long, that's a little
bit longer-term downside objective.

If we lose this low here, that's
what you would see price rates for.

And when you start blending these things
with, uh, uh, PDRs, and if the data

ranges you'll know right away, what
you're looking for and holding off where

it's not a big deal, it just makes, it
gives context of what you're looking for.

Let me get that off of you.

Um,

Well, there's a lot of
questions just came through

our whole percent.

Our whole perspective on the market
has changed because of the dollar

did yesterday on a daily basis.

It has my attention and we're following
what the dollar is doing with.

Relative to its daily chart and we're
looking forward to trade higher.

And there's a reason, multiple
reasons on a daily basis for dollar

to go higher and it's already shown
a willingness to want to do so.

It's a really nice strong
move through the equal highs.

Notice it, didn't just go above it and
pull back in their range and close.

That's what we did not want to see.

We saw a breakthrough, it it's traded
through it, and now we had one more time

to open trade lower and now we're higher.

So it's indicating that it, once it goes.

Leg higher.

We don't see this as a void or
fair value you get with these two

big down candles here on February.

I'm sorry, January 4th and fifth.

Yeah, but because the high on this
candle is one or 2 95 on January 11th, it

passed through and closing in that range.

So all of the sell side delivery
only had been balanced out.

There's no imbalances there now.

So the rain.

Going back up into the 1 0 3 nineties.

I'm sorry.

Why don't you 90 area closing in
that fair value gap and liquidity

void that's been filled in.

So think about what this is implying.

There's no other reason to go back
up and create like this move here.

Let me show you.

Okay.

Say tomorrow, this is I'm going to just
hypothetically draw tomorrow's case.

If it were going to be like this, I'm
just giving you an idea of what I'm

believing is unfolding here and why.

Okay.

Let's say, um, um, say
tomorrow we get it down close.

Okay.

And that candle would be like here in
this area here, not a green candle, but.

For sake of argument to
say, this is a down close.

Okay.

And this would be a black handle.

We could see, let me do it
like this, because I might be

able to use this chart later on

say your scenario.

It looks like this.

Okay.

We get it down close.

And then what we're looking for is Mike,
on Monday, Tuesday, Wednesday, you know,

we're looking for this type of event.

Now my question is, as you watch the
daily chart unfolding like this, what

are you referencing over here on the
left-hand side as a resistance point?

There isn't any, we have a small
little rejection block right here.

Watch

right here on the down
candle formed on January.

So this candle here, right there.

Cool.

So we have this down
candle here, their bodies.

That's the rejection block.

We trade through that.

We're going to look for
expansion on the upside.

We're not concerned about
this big WIC rate here.

That's not an issue cause that
was filling in the fair value gap

and liquidity void rate in here.

So all that was filled in there.

So I want you to, what I want you to be
thinking is since we've already filled

in that gap, excuse me, there's no real
reason for price to want to go back up to

these levels, except for, to eventually

do that.

And then.

So as I kind of like gave you an idea
of what I'm looking for that in my mind,

this is the ideal optimal scenario.

Well, if we get one down close tomorrow
and maybe even Monday, even, but

ultimately if we stay above the equal
highs that we just traded through,

this would give me the outcome.

I'm looking for it.

There's no framework on the
left-hand side, all in this area

here, nothing over here constitutes
a reason why we would expect.

A reversal or a sell off.

There's nothing institutionally in here
to frame that with the exception of the

bodies of the candles formed on that
high or this level here at one, the 3 25.

So I think apart from, or one of the
3 25 being a rejection block, there's

really nothing to slow the dollar from
going higher and making a higher, huh.

So if that's what we see, or
if that's what's painting out

potentially, what do we say?

We see dollar based rally and that's
going to drive Eurodollar and cable lower.

And yes, this would create all of
the shorts on Euro, dollar and cable.

They would be low resistance, liquidity.

Easy easy, low hanging fruit.

Um,

it's, there's a lot of questions that
have nothing to what we're talking about

today, and I appreciate your enthusiasm,
but we're going to have to wind it down.

The overall context though, or we're
looking for is we're looking for the

market to trade higher on dollar.

And that only changes if we get
that back down below these equals.

Over here.

I'm sorry.

Equal highs, rather.

Good grief.

Great there.

So we have to remain above.

We need to remain above closing
basis of all these equals.

And then that will give us the outline
that we modeled for run-up and did

a 1, 2, 3 level and ultimately up
into the 100 fours, because I think

that's ultimately where we're going.

Um, what, uh, what day does
the trading contest start?

Um, the one I propose to everyone
else, or when am I trading my

live accounts for the Robins?

Which one are you asking?

Grace?

Um, well, I, I turned to my effects
private last night at seven o'clock and

because I'm still working on payments,
I'm probably not going to start actually

live trading until next week, but
I'll put this way when I post a smiley

face on the free Twitter, that's like
the that's like the bat symbol to

go look on the Robin standing thing.

You should see my name.

They're leaderboard,
not the number one spot.

I'm just trying to try and
do my best to place on there.

At least this month, I'm trying
to work it out where I can just

get to the bottom of it and then
keep everybody going at one stuff.

But I don't want to do too much too fast.

Cause it'll just, I'll lose all
the fireworks, but that's it.

I want to, I don't want to fill this up.

I says, this is business.

We're not, we're not talking about
fun stuff in this, in these sessions.

So I want to be.

Escaping remind you all of that.

Let's get one more quick.

Look at CAD.

Yeah.

It's not going anywhere.

Sit in sideways, be
careful with, uh, Aussie.

So if we get an opportunity to
see a trade down to that level in

your short, take something off.

Okay.

Just by show of ones.

Are any of you in here?

Short all of these.

Oh, he's cringing asking.

Cause

Francis says I'm paid.

Good.

Good, good, good.

Very good.

All right.

Well, I'm going to escape
lead you all to it.

There will be c'mon cable.

Keep that, uh,

You're a pound dollar index.

So again, on the upside and next level
we're looking for is one to 2 25.

So that 15 more pips that can go.

And if it trades to that level,
then it would be justifiable

also to see a downward.

But don't want to see it take off.

I don't want to see a big run
in big candles in here yet.

We all want this.

Just give us one down clothes
on a daily dollar index.

And then we have a Greenlight go
to go in and start taking some

longs for not long, but shorts on
foreign currencies and its effects.

I'm going to leave you and wish you
all very good afternoon morning,

wherever you're at in the world.

Uh, just be mindful.

We will have a, another live
session tomorrow at 8:00 AM.

And then we may, it depends upon
how much I get done this weekend.

We may be going to seven 30 start times
on Monday, and that may be our window.

So from seven 30 to
eight 30, I don't know.

I gotta, I gotta take a look at that.

If not we'll we'll stick with the
eight o'clock to nine o'clock.

And what I'm trying to encapsulate
is the New York session.

Uh, the news embargo lifts at eight 30.

So that way it gives me if I
start at eight o'clock, it gives

me time to talk about something.

Talk about some ideas and
some there, some scenarios.

And if I have any housekeeping
things, I can talk about that too.

And it gets us time
before the news releases.

And then that way, if we're taking
a trade, uh, it gives us a little

bit of a buffer before the actual
action comes into the marketplace.

If today would have been a lot more
exciting with the CAD that would have

been unfortunately, cause I'm, jawboning
still about a lot of different things.

And I'm also made the mistake
of keeping the question box up,

which was very distracting, but,
but that's it folks I'm going to

close it wish you a good afternoon.

I will be back in a
short recap video today.