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These are the user uploaded subtitles that are being translated: 1 00:00:01,200 --> 00:00:01,380 Okay. 2 00:00:01,380 --> 00:00:01,650 Thanks. 3 00:00:01,650 --> 00:00:02,160 Welcome back. 4 00:00:02,190 --> 00:00:04,920 Quick recap for Friday, June 2nd, 2017. 5 00:00:05,610 --> 00:00:05,790 All right. 6 00:00:05,790 --> 00:00:07,650 So we were studying the non-farm payroll today. 7 00:00:08,400 --> 00:00:12,360 Uh, no trades were advised as far as, uh, things that would 8 00:00:12,360 --> 00:00:13,650 lend well to the live account. 9 00:00:13,650 --> 00:00:17,220 Not that we give signals or anything, but today was one more evidence. 10 00:00:17,220 --> 00:00:19,380 Is that why we stay on the sidelines? 11 00:00:19,800 --> 00:00:23,880 And we're hunting liquidity, just like, uh, the market makers would 12 00:00:23,880 --> 00:00:25,260 be dealing in today on this. 13 00:00:27,140 --> 00:00:29,810 And I outlined in the area at which I thought price would come up 14 00:00:29,810 --> 00:00:32,450 here, get inside of, and run that. 15 00:00:33,050 --> 00:00:34,550 And we didn't do it. 16 00:00:34,550 --> 00:00:35,360 We fell short of it. 17 00:00:35,900 --> 00:00:40,070 Uh, we were one PIP short of this Wix high on this high in here. 18 00:00:40,070 --> 00:00:45,050 So that failure rate after the non-farm payroll numbers came out, 19 00:00:45,080 --> 00:00:50,480 they adjusted price down to the high. 20 00:00:50,570 --> 00:00:51,380 I'm sorry, the low. 21 00:00:53,250 --> 00:00:55,410 Over here on the 22nd of May. 22 00:00:55,650 --> 00:00:57,029 So they finally took their stops. 23 00:00:59,069 --> 00:01:07,080 They were here and that weakness on the dollar propelled Euro pound higher making 24 00:01:07,080 --> 00:01:12,630 a higher high than yesterday's intraday high, which blew out previous weeks. 25 00:01:12,810 --> 00:01:13,650 Friday's high. 26 00:01:15,810 --> 00:01:18,270 The urinal. 27 00:01:19,650 --> 00:01:21,000 We weren't going to trade today. 28 00:01:21,000 --> 00:01:26,970 I felt it wasn't going to see much of an opportunity, but I was surprised the, 29 00:01:26,970 --> 00:01:31,650 uh, they sent it higher right after the non-farm payroll right off of M two and 30 00:01:31,650 --> 00:01:34,289 a filling ADR high and traded the R two. 31 00:01:34,830 --> 00:01:39,120 I still think we're gonna probably run before the close of this week. 32 00:01:39,120 --> 00:01:43,080 And today I think we'll probably punch up air to one 13 could go to 1 13 0 5. 33 00:01:44,460 --> 00:01:45,120 That was an objective. 34 00:01:45,120 --> 00:01:47,700 We were looking for yesterday for a bullishness on a Euro. 35 00:01:48,150 --> 00:01:50,910 Uh, but Niro stopped me out right here and then went sideways. 36 00:01:51,030 --> 00:01:55,920 So they held price and consolidation going into nonfarm payroll Friday 37 00:01:56,340 --> 00:01:57,930 there's numbers sent price higher. 38 00:01:59,070 --> 00:02:00,360 You could see that happening here. 39 00:02:00,690 --> 00:02:03,990 Uh, again, we've fallen short of the wick we were aiming for 40 00:02:06,210 --> 00:02:07,620 and the old high back here. 41 00:02:08,865 --> 00:02:12,705 It'll be interesting to see if next week we have cable follow suit and try to 42 00:02:12,705 --> 00:02:16,485 closing that gap between the two, the 43 00:02:20,345 --> 00:02:21,245 pound dollar. 44 00:02:22,115 --> 00:02:27,185 Um, I got stopped out plus too, from my entry point. 45 00:02:27,455 --> 00:02:30,125 I said, if we got down to these levels here, zoom in. 46 00:02:32,715 --> 00:02:37,005 If we got down to this opening here, hoping it comes in and. 47 00:02:38,130 --> 00:02:39,240 1 28 60. 48 00:02:39,540 --> 00:02:43,080 If it touches that price, I gotta drop, uh, stop them below the entry 49 00:02:43,710 --> 00:02:48,630 I adjusted to plus two, and it went down to that 1 28, 60, ultimately 50 00:02:48,630 --> 00:02:54,510 traded all the way back up, clearing out Asian range, high and failed. 51 00:02:55,050 --> 00:02:56,160 And I did another trade. 52 00:02:56,190 --> 00:02:57,510 And this old high is a turtle soup. 53 00:02:58,110 --> 00:03:01,110 And to see if we would get some movement down into at least the 54 00:03:01,110 --> 00:03:04,710 main threshold of this last down candle, and you can see that here. 55 00:03:06,365 --> 00:03:08,045 At trade and throw that up there. 56 00:03:08,045 --> 00:03:08,735 She can see it. 57 00:03:11,195 --> 00:03:16,235 So a soul short what's turtle suit in this high here as well, price rallied 58 00:03:16,235 --> 00:03:18,095 up and I collapsed it right here. 59 00:03:18,845 --> 00:03:21,965 So you can see where the stop-loss was as well. 60 00:03:21,995 --> 00:03:24,065 Um, the. 61 00:03:27,090 --> 00:03:30,450 Today is negative six pips. 62 00:03:30,780 --> 00:03:34,740 So again, we weren't counting pips on non-farm payroll, but we were practicing 63 00:03:34,800 --> 00:03:36,480 with the market environment as it is. 64 00:03:36,840 --> 00:03:40,260 Um, this level here, I'll just borrow this as well. 65 00:03:40,770 --> 00:03:49,019 I said that we would probably end up closing around the 1 28, 85 to 1 28 80. 66 00:03:50,760 --> 00:03:54,060 And we're basically working that level. 67 00:03:55,709 --> 00:03:56,070 Here. 68 00:03:56,160 --> 00:03:58,980 So we'll probably come real close to that in the close of today. 69 00:04:00,690 --> 00:04:02,340 And I think it's going to be it. 70 00:04:02,730 --> 00:04:07,260 Um, dollar CAD real quick came down, closed in that fair value gap, targeted 71 00:04:07,260 --> 00:04:10,859 that, right from the beginning of non-farm payroll, before the fact we called 72 00:04:10,859 --> 00:04:14,640 that and your Aussie dollar actually had a little bit more strength in it. 73 00:04:14,640 --> 00:04:18,420 And I expect that we were looking for this fairway gap upside objective. 74 00:04:18,599 --> 00:04:20,909 So it closed in that a little bit. 75 00:04:22,544 --> 00:04:27,734 I suspect that we'll probably see if we don't fail to go 76 00:04:28,125 --> 00:04:29,354 higher than we are right now 77 00:04:39,804 --> 00:04:40,494 at fair value. 78 00:04:40,505 --> 00:04:46,195 Got right there and notice I'm drawing it on opening of this candle. 79 00:04:46,885 --> 00:04:49,284 South side delivery was offered to the close on this case. 80 00:04:50,190 --> 00:04:52,110 And the next candle we opened rally up. 81 00:04:52,110 --> 00:04:56,040 So there was buy-side offered there only sell sides that we're balancing. 82 00:04:56,040 --> 00:05:01,590 And out here, it would be looking for 74 85 on the outside for Aussie dollar, 83 00:05:01,600 --> 00:05:04,650 just to throw that in its completion, have yourself a very good weekend. 84 00:05:05,010 --> 00:05:05,610 Relax. 85 00:05:05,790 --> 00:05:12,810 Uh, first of our monthly content starts on Monday, so we'll be, uh, doing prerecorded 86 00:05:13,800 --> 00:05:15,780 teachings every single evening at 9:00 PM. 87 00:05:15,780 --> 00:05:17,220 You'll you'll have it by then. 88 00:05:18,000 --> 00:05:19,590 And we'll be doing live sessions. 89 00:05:19,590 --> 00:05:24,240 Every session in New York, we'll be live with Forex trades. 90 00:05:24,240 --> 00:05:27,930 And again, we're going to keep in our objective, aiming for 20 pips a 91 00:05:27,930 --> 00:05:30,420 day, scalping the New York session. 92 00:05:30,900 --> 00:05:34,680 So until we see, so again on Monday to let me tell you. 7482

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