All language subtitles for 031517_ny EN (M)

Welcome back folks.

This is New York session pre-market
analysis for March 15th, 2017.

All right, so we have the interest
rate announcement coming out today

and it's around the 2 32 clock hour.

The fireworks should be
hitting the marketplace so far.

We've been holding in a range.

For the dollar index with buy-side
liquidity here in Southside liquidity

here, I wouldn't be surprised if both
of them are hit today on the response of

either a hike or a lack of a hike, and
the markets are really disconnected and

I've not been able to get a good read on
what pairs are going to be moving where.

And preferably you should
be on the sidelines as well.

It's not really a high probability
trade situation for you.

And I see some of you, um, voicing
your concerns about how expedient

the information is coming out now.

And that is not a shortcoming.

Okay.

It's not a, um, Reduction of quality.

I'm giving you things that you
need to be focusing on without all

of the rabbit trail discussions.

So if you're wanting these marathon long
recordings, they're not going to be there.

We have to be focusing
on what matters most.

That means your attention needs
to be on what levels are there?

What do you need to be looking at
in terms of direction on the moose?

That's it.

Okay.

So, um, My personal life
also is my personal life.

So let's keep that you
like it is personal.

I'm not required to be
around for 365 days of 24 7.

I have a life and admittedly, uh, you
know, I can't wait to get back to it.

So just know that you have enough
content to keep your self busy.

And I've been reading through
the forum and there's been

comments about, uh, the PDM.

Uh, not being on the charts, it's
part of your learning to pull them

up on your own and refer to them.

And every time I talk about a level
and I say, I like this specific level.

I like this order block.

You'll question.

I've seen your question.

You never say why it's for
you to determine why it was.

It's a PD array.

I'm not pulling things out of thin.

So all of these things require work.

That's why I said, if you, weren't
interested in rolling your sleeves up

and actually trying to learn how to do
these things, it's not going to teach

you, but me doing it for you, because
that's exactly what you're asking for.

You want me to do this for you?

You want me to dress the charts up for
you so that way you can look at it.

And when I talk about it,
oh yeah, this is what it is.

And there it is.

In September when we finally say, okay,
it's over the mentorships completed,

you're going to feel a level of
empowerment, but it's going to be false

because as soon as you have to start
doing the work yourself, you're going to

collapse and fall on yourself because you
haven't been doing it all this time, which

is a dude, the whole point of this mentor.

You should be in agreement with
some of the things I'm saying

on the high timeframe analysis.

If I'm saying I like out specific level
of it, like a specific direction, if

it's an agreement with your own analysis,
chances are, we're probably right.

If you're at a strong opposing
view, then you need to question

what it is that you're not seeing,
or maybe I'm making a mistake.

Okay.

Cause I'm human.

I'm going to do that.

The point is that some of you
have these inflated expectations.

Okay.

And very highly demanding.

You're one 50.

Doesn't give you access to me.

365, 7 days a week, 24 hours a day.

It doesn't do that.

I have a family life.

I have a personal life.

Okay.

And I also have a lot of
correspondence I have to get back to.

You're not the only one I'm dealing with.

And if that upsets you, it's a reality
check that you have to understand

that there's no way humanly possible.

Anyone else could be doing a better
job and that's not arrogance.

That's just reality.

This is a learning thing for you.

Okay.

You had to go through the process
of learning these concepts,

practicing and using them.

I'm giving you a focus point each month.

I'm giving you a new content
and you aren't supposed to

be applying this information.

You fail with it, you succeed with it,
you fail with it, you succeed with it.

And you grow in your understanding and
you grow in your confidence in you.

Not by me saying, okay, this is
this, and this is what's going

to happen here every single time.

There's going to be days where we do that.

It has to be that yes, but when
you learn something, conceptually,

you have to apply practice to it.

When you go to school, when you went to
school and it gave you a homework and

drill, the teacher did not get up over
top of you and leaning over top of your

paperwork with you and write the answer.

They didn't say here's
where you go into the book.

Here's where the answer is on page
37, paragraph four third sentence.

That's not how you learn.

Some of you want that candy laid in
your hand for you, and I'm sorry,

but I'm going to piss people off this
morning, but I'm being honest with you.

You're having inflated expectations.

And what you're getting
is exactly what you need.

If you don't, if you don't think
that's true, then maybe this is the

last month for you and it's okay.

There's more things you have to learn.

And you're going to have to go
through a process of sitting in there.

Look at the charts yourself.

You have to sit in this
charts and do it yourself.

Do the analysis on your own.

And then see if it's an
agreement, fail with it.

It's okay to fail.

There's nothing wrong with failing.

You're in a demo account.

No, one's over top of you.

You're not in my effects book
on public domain where people

can see what you're doing.

This is the right learning atmosphere,
but you all are asking for.

What I know is the marketplace.

And some of you are putting barriers
up and you're trying to funnel me

into what you think it should be.

If you know the answers, then you
start, then you should start teaching

it because I'm telling you it doesn't
work the way some of you were expecting.

And you're going to grow in
a level of expectancy for

telling me what to do every day.

Tell me what to do every day.

No I've given you enough already.

And some of you aren't
even doing those things.

You're looking for the next
thing or tell me what I need

to be looking at on this chart.

No, you tell me what you see on the chart.

You tell me that and guess what?

It's normal for you to not to
have all those answers right now.

You're not all the way through
the mentorship, but the things

I've already shared, you should
already have them on your charts.

You should already know why
I like a specific level.

They're all PD, IRAs.

There's nothing secret about it.

I've already thought
it it's the PDA matrix.

What's in the premium levels,
what's in the discount levels.

So if I say I'd like a level break
down the market from, from a monthly

down to a four hour or one hour now
you'll see what I'm talking about.

Why I like it.

That's the whole point.

So yes, if I'm going to have these brief
little sessions except for this one

this morning, cause apparently I have
a little bit of a woodshed with you.

You have to understand it.

What I'm giving you is exactly
what you should be focusing on.

Some of you aren't going
to be able to keep up with.

And you're going to, you're
going to drop to the wayside.

Guess what?

That's probably a good thing for both
of us, because if you're not going to

do the work, if you're not going to be
in here practicing, you're not going to

be studying and looking forward on your
own and accepting the fact that you're

not going to see it work all the time.

Then that's an unrealistic expectation
and change is not going to be for you.

You're not going to be profitable
regardless of what you learn, because

you have inflated expectations that
are never going to come through.

The folks that are grinding
and out doing the work.

They're the ones that are seeing results.

And they're not complaining about
having new live sessions right

now because it's giving them an
opportunity to focus more on study.

That's the level of maturity
that you should have right now

not, oh, I'm paying you $150.

So you need to be with me for two
hours a day, talking about things that

you've already heard me say before any.

You've already heard 90% of the
things I say in the live session.

So all I did was removed it and
focused on what it is that's

supposed to be happening today.

Where are you?

Where are your focus should be?

That's what I would want.

If I'm paying for somebody to
tell me what to do, I want to know

what I, what am I focusing on?

Don't tell me stories.

Don't talk to me.

Okay.

Give me what I'm supposed
to be looking at right now.

Cause I want to know, I can see
it on my own when September.

Not giving me some stories, not talk
to me, not be my friend for the day.

I'm not running a radio show.

So I need to make sure you understand
that what you're getting now is exactly

what you're supposed to be getting.

You're getting the content, you're getting
the delivery of the information and I'm

pointing your nose in the right direction.

So that way you can apply the things
that you've already been exposed to.

You have to put these
things on your chart.

Periodically I'll go through and
I'll show you where my PD rays are.

I'll show you where my long-term
analysis is leading me.

But right now I'm honest.

I don't know what is going on
today because of the interest rate

market and the dollar index, can't
find its way out of this range.

It can literally be argued on both sides
that it can go either higher or lower.

And we're right in the middle.

The range define it as high probability.

So if it's not high
probability, well, what is it?

Low probability.

So, yes, everything is quick, quick,
quick, quick, quick, because you need

the information right now because
we're in the area where we need to be

doing signals and focusing on levels
in the marketplace that could provide

setups, not long-winded discussion.

That no one has time for it.

I have a dozen of you to say you
can't even keep up with the content

because it's too much video work.

So think there's nothing taking any time
away from any of you or I'm removing

all of the discussions of things
that really don't make a difference

and focusing on what you should be
looking at in your charts right now,

every single time we do it, license.

It's driven towards drawing your
attention to what levels the

market may reach for, and which are
important right now, in my opinion.

Well, we did a day trading month.

Next month.

We'll have long sessions, but that's the
only month we're going to do it because I

can not be here every single trading day.

Not for any amount of money.

Okay.

For hours at a time for each session.

First of all, the video
work is going to be reduced.

You're never going to be
able to catch up with it.

Cause it's going to be
long content every day.

Monday you'll have just the New York
session cause there's new London session,

but Tuesday all the way through Friday,
you have both London and New York sessions

where we I'm sitting here watching the
market live and recording my observations

live with you, calling mus, live with
you, but I'm not doing that again in may.

I'm just going to be scalping.

We'll do short sessions between the
sessions, um, London and sessions of.

But I'm not going to be
there for the full time.

So just be reminded that what
you're going through, isn't easy.

It's not easy.

And I never ever, ever
put sugar coating on it.

It's going to require work.

And if you're trying to look for
excuses, why you're not getting something

given to you on a silver platter.

Okay.

Um, it has nothing to do with the Robins
contest because trades are trades.

They don't consume much time.

So please stop looking for
excuses to find reasons to

complain about otherwise nothing.

There's plenty of content.

I guarantee you, none of you have
done any real legwork with the

contents on January, let alone
what we just finished in February.

It's not all of these.

It's a fault and a small sampling of
you that are crowing about something.

You have no grounds to stand on with it.

You have plenty of content.

Are you using it?

So the dollar index, like I said,
I can go either way today and

we're right in the middle of range.

So defined by the buy-side liquidity,
pull up here and sell side liquidity

pool here, right below these lows.

So with the interest rate announcement
looming later on in the New York session

afternoon, two o'clock two 30 time period.

Just expect the market to be a.

And it's just better to be on
the sidelines unless you really

can see something that you
have a strong conviction about

and your short-term in nature.

It's better just to be sitting
on your hands and just waiting

Euro dollar.

Okay.

This pair here.

Uh, I think we'll probably want
to see it run to our 1 0 5 95

level as a or a block on the.

So I think we'll most likely see
that curve today, regardless of what

the overall direction will be on the
market, because it makes more sense

for it to reach for that now, because
we've already had a willingness

to want to rally so far here.

Uh, there is a small measure of buy-side
liquidity resting just above the

short-term high here, right about here.

So that's one is six 16.

They want a 6 65.

That's it.

If it's stretch up again into
that one at six 70 level.

So we'll ultimately think we're just
going to reach for this level here.

And if we lose this order block, we're
going to come down and retest this low.

Otherwise, if we get dollar weakness on
the heels of a interest rate announcement,

whether they hiker or leave it alone
or cut whatever you do, this could

end up becoming blown out as well.

So again, we have to break.

Rather wide that can be taken.

And none of them have strong
convictions one way or the other.

I can't frame either side over the other.

So if that's true, anytime in your
analysis or in my analysis specifically,

I can't have a bias and if I don't
have a bias, I don't have conviction.

If I don't have conviction, I can't,
I don't have a trade set up and

without a trade set up, there's
no orders entering the market.

We saw a trade all the way up
and run out the 2250 level.

Retraded right back up into these candles.

Lows hit it right to the PIP and we're
back in the middle of range again.

So the range is this low and now
today's intraday high rate back.

So I would've rather seen it trade lower
and closing this fair value gap more.

And then any kind of rally would
have been justified to clear out

the, by stops the resting above
these equal bodied candles up here.

So 1 23 has liquidity that
might get the tidy day.

We get some wild price action on the
upside for cable on the downside.

We're looking for a filling on
this fair value gap still because

they only came down to support.

I'm not sure what it wants to do
it may one more time, make a run up

and take out the short-term high.

Any breakdown in here sends us down
into this area here, filling a gap

from a low of 1 30, 2 50 to a high of
the range for the gap at 1 30, 2 77.

Being the low of this
candle says only buy-side.

In here.

So no doubt.

Okay.

So if we get a breakdown and dollar
CAD, that's what we're looking for may

not happen today, but could be a weekly
range target before Friday's close.

Aussie dollar.

Can I treat you well off of
this older block in here?

Extend this out.

So if we get above this high here in
today, be mindful that that could be a

catalyst for rejection or a turtle suit.

Um, I'm not, I'm not very
strong in conviction about

that, but it could happen.

We can run above this high and take off
lower, but I think he wants to buy side

liquidity resting above this high up in
here, and maybe go up into this range

and closing some of this, this big little
candle here, uh, or it could just simply

say in a trading range, um, reversal folks
are gonna be looking at this potential

head and shoulders formation in here.

We technically have broken the neck line
if you want to look at stuff like that.

So.

And like I said, it may want to come
up here, just run above this high.

And that could be a false
head and shoulders pattern.

Whereas Alexander elder referred
to it, the hounds of Baskerville.

And if you have that book trading
for a living, you'll know what it

looks like much study, but basically
it's a failed head and shoulders,

but nothing in here
terribly exciting either.

And again, like I said, there's
no, there's no market that I'm

going to refer to this morning.

It's going to draw enough attention to
you to want to trade it because it's

absolutely casino time today in the
interest rate in advancement, uh, Euro

pound, uh, we always saw the buy, sorry,
sell side liquidity ran out below these

bodies over here, came real close to it.

Now we're back in the middle of the range.

The range is defined by the highs
up here and the low of today.

So we've seen no real.

Um, moving outside of that range,
it just almost got down into south

side liquidity pool, but even
failed to do that Dell again.

And we'll probably see one
1430s to a move down to this.

Candle's high closing,
a little gap on 14, 15.

So let's do this.

There's the gaps.

That's this candles low 1 14 32, 1 14 15.

So we have a fair value gap
of 15 pips stuff like that.

So we can see price trade down into

this range here and maybe trade
as low as the high on this candle.

1 14 0 4.

That'd be a nice area to
expect some level of buying.

If there's going to be any buying,
um, the smaller liquidity pool resting

below these equal loads in here.

So we might want to jot drive down
below that it's important to see how we

trade once we do get below this equal.

Well, because it looks to me like
it wants to try to find lower level

south side delivery to pair up.

By orders.

Uh, maybe take another run
up into that very high.

You got to close it in.

Cause we only got up into
this portion over here.

So we had the second portion of
that figured out you get to, can

potentially be filled in on any
further upside and dollar Swiss.

We're not concerned with it's really ugly.

It's nothing technically strong
about that market and gold

and silver are still neutral.

We don't have any bias about that.

Um, so it looks like it could
want to whip down below.

The short-term low, if it does.

Um, we could see a little bit of a bounce.

There's nothing to draw a lot in
terms of gold or silver or swissy.

And it's the business for today.

I'm going to send you
to comments on Twitter.

So follow Twitter around
two o'clock today.

Any commentary I had on my mind about
the, uh, interest rate announcement.

And we do on the video a
little bit late today because

of the interest rate release.

So your recap video, it will actually
be recorded at three o'clock my time

and posted by three 15, um, on the
website, because if we have a, we have

a late announcement and news driver
and it's going to influence the market.

So whatever I do.

Uh, you know, at two o'clock or two
15, when I usually make the video,

um, that won't be enough information
here because the interest rate

announcement and the effects of
it won't be used in the analysis.

It won't be there in the charts.

So we had to have that today and
I'll use that three o'clock hour

because bonds closed at three and
that'll give me the, uh, the closed.

Basis for our analysis for today.

At least us tomorrow's expectations
based on what we see today and then

to the London sessions open tomorrow.

So at that guys have a shoe, a
pleasant day, again, be safe.

Don't take any chances you
don't have to take right now.

There's plenty other trading
on the other side of this day.

Hopefully we'll get some movement out of
the ranges and then we'll have some new

levels of reach for in terms of liquidity
for Thursday and Friday, till then.