Original subtitles

Okay, good morning folks.

Welcome back.

Uh, here's the economic calendar for today?

That is certainly 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 GDP.

Again, I could care less what the information is.

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.

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 action 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 dollar.

And I'll show you what that means graphically.

Okay.

I'll use the Wix first.

Okay.

So we have this low here up to the high.

We say we're a little bit, here's the low to the high and measuring up to,

and 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 one of seven.

As I 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 longterm.

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

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

Uh,

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 bodies 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 it now, where we're at, we have a little bit, a little

bit of a wick that closing the fair value get 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 is 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 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 see 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 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 the dollar index is we want it 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 brick 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 clothes.

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.

I have one down close on a daily chart.

As soon as we get it down close on the 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 your, like

your, 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 low on a daily, uh, it's high comes in at 1 0 4 47.

So we're looking for 1 0 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 gotta be mindful though that if we get one more.

And here they might try to send it higher.

If it goes higher, we'll be looking for, uh, retracement back into a 100, 5 50.

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

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

it once to reject and have like a three dry lower, and then trade back higher.

I don't see that as a little.

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 above this low on the

22nd of February, I think it would be kept by the last up candle here.

Right in.

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 basically you've already

did that today at the open we opened, traded up a little bit rejected and then

we've expanded on the downside intraday.

So 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.

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

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

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 a 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 retracement 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 loan is 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 then ultimately the lowest low formed on January 3rd, 2007.

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.

So 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, uh, Euro and dollar cable.

I like what we're seeing here.

It's already giving us an opportunity.

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

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 will

see this as a potential low, and now 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, 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 has 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.

Come on, Michael.

Here we are.

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

The 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.

Um, 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 we'll be looking for real strong reasons to get short if, and

when we get down here and in this fair value gap, the next little short-term

retracement after that, That will be too much, in my opinion, one of

the best swing trades that we're going to have probably for this year.

And it'll 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 tree down that 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.

Go into the fair value gap.

Pause a little bit.

Maybe have a storage on 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 treat 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 retrain 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 low 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.

Find a, 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 to 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.

So 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.

We closed in a fair value gap here.

And I think we may see a little bit,

we got here, so we have the range of the two candles here, them

down, uh, jumped to the wrong.

And Michael,

okay.

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

Uh, 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 Paul's in here couple more

minutes and then we'll have our.

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

I get ready to get over to the cab here.

I think we'll probably 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 a little thing.

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 because 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.

Two months of 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 Aldi 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 had been showing what it's been done

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

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 clear for you?

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

dollar's doing into dollar tummies.

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, you know, 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.

Traits and have your own opinion about what it is the 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 at once 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 the Aussie dollar 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 pending 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 wants to

hold on to.

I like cable,

can't go lower than 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, a 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 that 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 range today.

Okay.

See, see 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 because 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?

We'll talk about before the fact and explained it.

If we have made the weekly high today.

Okay.

And then we have a down 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 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 point, it's going to do it slowly

with RJ CLI or dynamically on the second portion or second leg of price move.

I hear you got somebody who's 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, a 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 could 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 trade through it.

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 people.

About 200, right?

We have also about two hung.

Well, Tim's getting crazy things at 700, it was two, it

was 200 pips, slow down cowboy.

The, we had 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 cemetery 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, uh, you know, 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're

have to have be 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, volume keeps cutting out.

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

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, here'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 week 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 I did ties 1 15 37 and the high on this is 1 15 39.

So we're looking for 1 15 35, the one 1500.

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 to three 30.

Yeah.

One to three 30.

So we got, well, 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're looking

at and doing your analysis, certain swing objectives, a day trade

objectives, intraday, same thing.

If you start seeing intraday models, when we go into detail, Uh, we're

looking for the dollar to move a certain number of pips or, or points.

Uh, 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 payers 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.

dollar Euro 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 in 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, and 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 oppose 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, a, a 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, not higher timeframe.

And let's see.

I like this.

See how we're holding this in here.

We're 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 like, 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 meat, 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.

So, 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, trade it back

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

Just be mindful today.

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

down in here to 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 lows.

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

intraday 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.

Uh, 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 if that comes to fruition.

What time is it?

Eight 40 gals.

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 game.

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 to February 28th.

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

why someone who can't see.

My mails, but that candle right there.

Okay.

So on that candle price was 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 offered on the upside prices pass through one time.

It came down a little bit, but 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 out for, 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, our whole perspective on the market has changed because of the

dollar day yesterday on a daily basis.

Um, it has my attention and we're following what the dollar's dealing.

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 closed 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 at 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 because 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 give you an idea of what I'm looking for that in my mind,

this is the ideal optimal scenario.

Or 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 will 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 100, 3 25.

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

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

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 Euro dollar 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 a 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 to 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 tease 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 that side, next level we're looking for is one or 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, Fortnite, longs, but shorts on foreign currencies and SFX.

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

windows 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 some things, 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 its time before the news releases.

And in a 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.

Um, if today would have been a lot more exciting with the CAD that

would have been, unfortunately, because I'm, jawboning still

about a lot of different things.

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

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

close it wish you a good afternoon.

In a short recap video today.