All language subtitles for 030817_r EN (M)

Welcome back folks, click, update,
and review for today's price action.

Uh, we had a move through the one
or two level, which I was looking

for today and we're looking for a
move above these highs over here for

rejection blocks that we have short-term
objectives almost in striking distance.

So we're going to be looking for
this high to be given way tomorrow.

So we're looking for the
upside for the dollar and.

And we should not see price come
back down below today's low.

So we want to see that it's also
basically the mean threshold of the last

down candle and this candle together.

So we don't want to see today's
low violated on the downside.

Get that record.

Great there.

So 1 0 1 65 to 1 0 1 7.

Uh, that's the near-term support level.

We don't want to see price go back
down below that we want to see

further expansion on the upside.

So next objective is level here and
the next one is here at 103 2103 25.

And then ultimately run above the old.

European, uh, again, we cleared
out the buy-side liquid.

Nothing's changed here.

This we've seen many attempts over the
last three days to try to get above.

And we saw just a weakness after it,
does that taking out a previous high

and retraces and retraces so we could be
seeing the I'm sorry, the distribution.

And if we do see that we're going to be
looking for price to drop down into this

down closed candle or bull shorter block.

And that comes in the
form of we'll look at the.

And that price is at 85 90, so 85
90 is our next downside support.

We see price retrace, and we're
gonna look at the Euro dollar.

Now you're a dollar did in fact, go
down into our last down candle here.

And we're gonna look at that.

The hourly chart.

Okay.

And we saw price go down clear
out the south side, liquidity

or sell stops below here.

And we do have a small little fair
value gap in here that still is open.

And we'll be looking for
that to be filled in.

And it comes in at 1 0 5 30.

So one to five 30 is the
next downside objective.

Uh, today you guys saw that I was only,
um, kept from my first profit or, um,

profitable exit on a limit, uh, just
by the dealer spread on the forex.com.

Um, platform and to a brokerage.

So I've, I've learned a lot about how they
operate today in terms of their pricing.

So hopefully, uh, I'll be able
to keep a better beat on what

they're going to be doing.

I'm going to be trimming
back my objectives.

So if I have a, uh, if I'm looking
for a certain number of pips, I'll be

looking to cut about 15 pips off of that
objective while I'm trading with them.

So a very, very.

Um, tricky today in terms of we're
profitability was going to be seen.

And I was only kept away,
but just by three pips.

So I learned a valuable lesson with their
they're brokering, have a beat on them.

Let's just put it that way.

Uh, we're looking again
just for further downside.

Uh, we shouldn't see any upside at all.

Um, we had a real nice.

Hourly order blocking here
that was influential for today.

Many attempts in here to try
to get above that, uh, order

block 1, 2, 3, 4, or five hours.

It tried to do that.

So we're going to be looking for downside
expansion to at least run into this level

here in closing that gap right here.

Cable.

Uh, again, like we mentioned this
morning, they hit our 1 21 60 level

and we have a fair value gap in
here that still has to be closed in.

So that's our downside objectives.

Aussie dollar.

Nice continuation on the downside.

We want to see this down closed candle and
this down close candle breakthrough, and

in any rally up to those same levels, we
using that as a distribution point for a

market maker cell profile that would take
us hopefully down in that shaded area.

And then down into this
last day one candle.

So nothing's changed in that regard
from this morning's presentation.

Here's the one I couldn't
wait to talk about.

Okay.

We talked about how the market has.

W a willingness to want to
get up into these levels here,

the big draw on liquidity and.

We were looking for big, expansive
candles on the outside small ranges.

We have institutional order flow.

It's in a discount.

So they're going to want to
aggressively take it up there.

Why massive increase in volatility.

So massive move on the upside
reach, rate into our fair value gap.

Small little bit of movement still here.

And again, we're ultimately looking
for the move above these equal high.

So a real bad day for Canadian
dollar and took it on the chin.

But it's nice to see what we were
expecting in terms of volatility.

Come to fruition, big, big candles.

Okay.

We got a big candle as
well on the Japanese yen.

Uh, stopped just short
here with this high.

So again, next upside
objective is up in here.

So this is to extend that out a little bit
and we're looking for price to reach up.

And then this level
here, one oh, I'm sorry.

Good grief.

1 15 42, 1.

1580 there, the next upside objectives
in here, it's a clear out of all these

equal highs and dollar Swiss, uh, tried
to make an attempt to get back up there.

I didn't like this one, as
I mentioned this morning.

So ultimately I think it's still going
to go higher, but we'll see what happens.

I like to, and the Canadian dollar
better than this Swiss pear, uh, as it

relates to, uh, markets that have the
dollar in the front of their name, go

again, looking for a move down below.

I mean, threshold potentially.

Level one 12 could get
down to 1 11 90 or one 11.

It could be 1 11 80 to take
out, sell stocks below here.

So we'll see.

I like to see it, not a trade
below the mean threshold of these

last three down candles, but we're
going to get whatever the market

gives us and trading accordingly.

Silver.

Um, we're looking at this level here,
a lot of retail minded views at 1720.

I think that we're going to go
down into the main threshold

of these three candles here.

So that puts us down more
closely to the 17 big figure.

So everyone's expecting a bounce
here at 1720 in the retail world.

We're going to be looking
for the trade through that.

It might give us one up close, but I
certainly think it's going to be more

favorable for silver, the trade down into
the 17 big figure, maybe 16 90, 16, 82,

do a better job of a downside objective.

And Kiwi again, just, it's
just rolling right on lower.

Um, we're probably going to be making
a challenge of the lowest close

here and it comes in at 68, 78.

So basically 68, 80 next
downside objective, no attempt

at all to try to get above.

So this has been a very,
very strong as well.

And I think about what we also are
seeing, we're seeing fundamentally strong

currencies by way of the Aussie and
Kiwi, which have a differential it's.

In terms of interest rates, they are
really falling hard against the dollar.

So I think this is indicative of
maybe seeing us go up into the bodies

of these candles, clearing that out.

Okay.

For the buy-side liquidity and then maybe
even making a higher high longer-term.

So remember those objectives we talked
about year and a half, two years ago,

a 1 0 4 is 1 0 5 and maybe even 1 0 7.

So on a dollar index that may be, what's
actually occurring now as we go later into

these months in the middle of the summer.

So I will be with you
again tomorrow at 7 45.

Yeah.

7 45 tomorrow.

Uh, with another live session and if there
is a framework to do it, I'm just going to

toss in intraday, New York session idea.

I'll give you something I'm watching.

So we're going to break, uh, some of
the structure that we're using because

it's a short-term trading month only.

I'm going to give you
something to watch real time.

If we can get it in the New York
session at 7 45, that'll give me

time to give you an outline for a few
ideas for some of the currency pairs

so that we can watch the intraday.

And that's it for today.

I'm going to see you all tomorrow.

Wish good luck.

The trading pleasant evening,
and I'll see you then.