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These are the user uploaded subtitles that are being translated: 1 00:00:16,600 --> 00:00:17,110 Okay folks. 2 00:00:17,110 --> 00:00:17,680 Welcome back. 3 00:00:17,730 --> 00:00:23,230 This is second and fourth teachings in a final delivery month of art mentorship. 4 00:00:24,430 --> 00:00:28,030 This teaching is ICT intermediate term top-down analysis. 5 00:00:28,965 --> 00:00:30,405 Weekly to daily. 6 00:00:36,855 --> 00:00:37,275 Okay. 7 00:00:37,545 --> 00:00:42,975 Again, like on the previous monthly to weekly presentation, what I'm doing is 8 00:00:42,975 --> 00:00:45,405 I'm giving you my personal approach. 9 00:00:45,435 --> 00:00:46,754 This is how I do it. 10 00:00:47,535 --> 00:00:50,805 And again, it's this, this is a model, but this is how I go through 11 00:00:50,805 --> 00:00:53,205 the process of taking the information I've gleaned from the monthly 12 00:00:53,205 --> 00:00:55,775 chart and transposing it to the. 13 00:00:58,565 --> 00:01:02,735 Now weekly information I give you here will be transposed to the daily. 14 00:01:04,925 --> 00:01:11,585 Now most of this is going to be basically verbatim what we saw on the monthly chart, 15 00:01:11,885 --> 00:01:16,955 which is the reason why I tell you we went through 11 and a half months of content. 16 00:01:18,180 --> 00:01:24,090 It seems like an, uh, an amazing Olympic feat to do, but you have 17 00:01:24,090 --> 00:01:26,820 all this information, but you haven't had any idea of what to do 18 00:01:26,820 --> 00:01:28,050 with it specifically in an order. 19 00:01:28,560 --> 00:01:31,290 And I told you from the beginning, once you get to this month, you'll see just 20 00:01:31,290 --> 00:01:33,630 how easy it is to use the information. 21 00:01:33,690 --> 00:01:35,100 And it doesn't take a lot of time. 22 00:01:35,760 --> 00:01:40,785 Uh, Element of time that is required is you getting used to doing it? 23 00:01:40,995 --> 00:01:43,815 So that way you understand what you're looking for and it makes 24 00:01:43,815 --> 00:01:47,865 your analysis quicker now does mean shortcuts are the way to profits. 25 00:01:47,865 --> 00:01:51,825 It doesn't mean you half rear end approaches. 26 00:01:51,825 --> 00:01:52,295 If you will. 27 00:01:52,345 --> 00:01:54,345 Like my grandfather, he's telling me don't don't half ass. 28 00:01:54,345 --> 00:01:54,765 Anything. 29 00:01:55,155 --> 00:01:55,805 Uh, if you. 30 00:01:56,760 --> 00:01:59,220 Do a half ass attempt at your analysis? 31 00:01:59,280 --> 00:02:02,790 Well, don't be surprised if you get lackluster results, but once you 32 00:02:02,790 --> 00:02:06,060 understand what it is specifically you're doing and how you're breaking the 33 00:02:06,060 --> 00:02:08,490 market down, it does not take long folks. 34 00:02:08,520 --> 00:02:09,300 It does not take long. 35 00:02:09,300 --> 00:02:12,230 I'm actually going to spend more time talking and describing what it is that 36 00:02:12,240 --> 00:02:13,920 you have to do then if you just did it. 37 00:02:15,830 --> 00:02:19,580 So the focus on this presentation much like on the monthly to weekly is we're 38 00:02:19,580 --> 00:02:22,790 going to determine the impact of the weekly perspective on any asset or. 39 00:02:24,195 --> 00:02:27,165 We're going to identify the directional bias, where the higher timeframe, 40 00:02:27,195 --> 00:02:31,755 weekly chart, we're going to classify the PD erased accurately to assist 41 00:02:31,755 --> 00:02:36,825 in key levels and complete an institutional analysis on a weekly basis. 42 00:02:42,245 --> 00:02:42,424 Okay. 43 00:02:42,424 --> 00:02:42,875 Folks. 44 00:02:44,025 --> 00:02:47,805 The first thing I start with when I'm doing a new week is I 45 00:02:47,805 --> 00:02:49,065 start with relative strength. 46 00:02:49,365 --> 00:02:53,055 Now, the reason why I start with relative strength is I may not have 47 00:02:53,055 --> 00:02:59,265 a clear picture from the monthly and to avoid any needless frustration. 48 00:02:59,655 --> 00:03:03,285 If the monthly charts don't really speak well to me, then I'll just go through 49 00:03:03,285 --> 00:03:08,505 the process of, uh, doing in a relative strength analysis, uh, on the assets 50 00:03:08,715 --> 00:03:13,035 and the specific currencies or stocks or futures markets down, looking to treat. 51 00:03:17,775 --> 00:03:23,115 After I do my relative strength analysis, I go into the commitment of traders. 52 00:03:23,115 --> 00:03:25,635 And what I'll do is I'll go through all the currencies and commodities 53 00:03:26,115 --> 00:03:30,735 and I'll look for extremes in the readings and the commercials. 54 00:03:31,035 --> 00:03:35,435 And I'll give you the specifics when we get to the breakdown on what is 55 00:03:35,445 --> 00:03:39,285 on looking for, but, uh, it goes from relative strengths analysis. 56 00:03:39,315 --> 00:03:42,105 And then once I have what I believe is. 57 00:03:43,470 --> 00:03:47,760 The leaders or my watch list, if you will, from my relative 58 00:03:47,760 --> 00:03:52,290 strength analysis, hopefully the trades that I find on a monthly. 59 00:03:53,535 --> 00:03:56,505 Like we did with the Australian dollar and the previous teaching 60 00:03:56,505 --> 00:03:57,704 with the monthly to weekly. 61 00:03:58,095 --> 00:04:01,755 Um, hopefully that Australian dollar makes the cut for the 62 00:04:01,755 --> 00:04:02,984 relative strengths analysis. 63 00:04:03,405 --> 00:04:06,704 And we'll take a look at that as our continuing example, but then 64 00:04:06,704 --> 00:04:07,935 we go into commitment as traders. 65 00:04:08,144 --> 00:04:10,635 And I like to look for what the commercials are doing. 66 00:04:10,875 --> 00:04:13,515 I'm going to get a read on what those hearts those hedges are 67 00:04:13,515 --> 00:04:16,964 doing because they're well-informed and they usually make the tops 68 00:04:16,964 --> 00:04:18,015 and bottoms in the marketplace. 69 00:04:18,015 --> 00:04:22,409 So if we can get their readings in extreme, Uh, basis, then we can 70 00:04:22,409 --> 00:04:25,560 try to trade in the middle where the majority of the move has made. 71 00:04:28,800 --> 00:04:34,710 After that, I do a market sentiment analysis and I go through a 72 00:04:34,710 --> 00:04:36,810 couple of different things that arrive at market sentiment. 73 00:04:36,810 --> 00:04:38,190 And I'll share that with you in this teaching. 74 00:04:41,550 --> 00:04:44,099 Once they arrive at a market sentiment and opinion. 75 00:04:44,400 --> 00:04:47,430 Then I started breaking the market down in a technical fashion 76 00:04:47,430 --> 00:04:48,450 like we did with the monthly. 77 00:04:48,900 --> 00:04:52,080 So there's a couple things missing here that we saw in the monthly that 78 00:04:52,200 --> 00:04:55,050 is not in the weekly, uh, portion. 79 00:04:55,650 --> 00:04:56,580 Um, we had. 80 00:04:59,400 --> 00:05:02,820 Three different things that started off the monthly new, we have three 81 00:05:02,820 --> 00:05:04,830 different things before the weekly here. 82 00:05:04,830 --> 00:05:06,750 So I will get down to a weekly chart. 83 00:05:06,750 --> 00:05:12,630 We're starting to look at more of opinions of others versus just technicals. 84 00:05:14,099 --> 00:05:18,119 And we weigh them against the technical strength and weakness by 85 00:05:18,119 --> 00:05:19,590 way of the relative strength analysis. 86 00:05:20,669 --> 00:05:25,739 Once we arrive at our watch list and we determined which markets are field. 87 00:05:26,580 --> 00:05:27,360 Commercial hedging. 88 00:05:28,740 --> 00:05:31,920 And then we also blend in market sentiment ideas with everyone else 89 00:05:31,920 --> 00:05:35,250 in the retail world is thinking, ah, because ideally you want to be 90 00:05:35,250 --> 00:05:38,610 diametrically opposed to that in an alignment with what smart money is doing. 91 00:05:38,820 --> 00:05:43,260 So market profile is the next thing I look at and I start breaking 92 00:05:43,260 --> 00:05:46,110 down what the weekly looks like in terms of market profile. 93 00:05:46,140 --> 00:05:47,190 Is it in consolidation? 94 00:05:48,330 --> 00:05:49,680 Is it in a trending environment? 95 00:05:50,310 --> 00:05:51,180 There's types of things. 96 00:05:51,180 --> 00:05:55,050 And just like we did with the monthly, the same thing applies here on the weekend. 97 00:05:58,040 --> 00:05:58,280 Okay. 98 00:05:58,280 --> 00:06:03,770 After I do market profiling, I look at intermarket analysis on a weekly basis. 99 00:06:03,770 --> 00:06:06,800 So I start comparing what the weekly charts look like in 100 00:06:06,800 --> 00:06:09,590 other, uh, correlated markets. 101 00:06:09,800 --> 00:06:16,820 And I compare likes and price action with positive and negatively correlated 102 00:06:17,870 --> 00:06:19,820 assets and markets with the market. 103 00:06:19,820 --> 00:06:20,450 I'm looking to treat. 104 00:06:21,705 --> 00:06:25,185 So in other words, in an example, I could be looking at, you know, um, 105 00:06:25,844 --> 00:06:30,945 the dollar versus, uh, you know, to Keely on a weekly basis and seeing 106 00:06:30,945 --> 00:06:34,275 if there's, uh, you know, intermarket analysis, supporting an idea it may 107 00:06:34,275 --> 00:06:35,655 have for the dollar or for the Kiwi. 108 00:06:38,550 --> 00:06:40,530 After that I start looking at market structure. 109 00:06:41,160 --> 00:06:45,600 And at this point I want to start blending in incorporating institutional order flow. 110 00:06:46,230 --> 00:06:47,490 Now institutional order flow. 111 00:06:47,610 --> 00:06:51,390 I want to be looking for down close candle, supporting price and 112 00:06:51,510 --> 00:06:52,980 a closed candles being broken in. 113 00:06:53,895 --> 00:06:55,095 Or a bullish market structure. 114 00:06:55,695 --> 00:06:58,995 And I want to see up close candles, resisting price and down closed. 115 00:06:58,995 --> 00:07:03,255 Candle is breaking as market structure is indicating lower prices. 116 00:07:03,735 --> 00:07:08,085 So everything we mentioned in previous about the monthly applies, but now 117 00:07:08,085 --> 00:07:11,175 we're gonna start looking heavily for institutional sponsorship, 118 00:07:11,535 --> 00:07:14,045 uh, in, by studying the order. 119 00:07:21,415 --> 00:07:25,705 The next is I break down the PDA rate matrix on a weekly 120 00:07:26,605 --> 00:07:27,835 and I'll do the same thing. 121 00:07:29,250 --> 00:07:32,190 On the monthly charts on the weekly as well. 122 00:07:32,220 --> 00:07:36,390 So everything that I would break down in terms of the range that's defined by now, 123 00:07:36,390 --> 00:07:42,150 the weekly chart, any PD array that didn't exist in the monthly may now materialize 124 00:07:42,180 --> 00:07:44,850 in the weekly chart, because you're gonna get much more definition because 125 00:07:44,850 --> 00:07:46,110 you're going into a lower timeframe. 126 00:07:50,370 --> 00:07:53,730 And after that, by having the weekly PD rate matrix defined. 127 00:07:54,540 --> 00:07:58,380 Both premium and discount rays, then I can start working towards calibrating 128 00:07:58,380 --> 00:08:02,100 my key price levels for support and resistance or buy and sell areas. 129 00:08:07,820 --> 00:08:13,820 And then as a result, I come to a weekly bias and it's defined in such a way 130 00:08:13,820 --> 00:08:18,590 where now I can take that information and transpose that to the daily chart. 131 00:08:23,685 --> 00:08:28,425 So in greater detail, what I begin with when I start my intermediate term 132 00:08:28,425 --> 00:08:30,015 analysis, I start with relative strength. 133 00:08:30,795 --> 00:08:35,205 So if the monthly analysis is not as helpful as I hope, and, or it's not 134 00:08:35,205 --> 00:08:38,895 clear to me, you know, I begin my weekly analysis with relative strength 135 00:08:38,895 --> 00:08:40,695 analysis across all asset classes. 136 00:08:40,725 --> 00:08:44,175 That means for commodities, currencies, and stocks, I determine 137 00:08:44,185 --> 00:08:48,015 what markets lead in strength by failing to make lower lows and lead 138 00:08:48,015 --> 00:08:49,455 in weakness by failing to make higher. 139 00:08:50,790 --> 00:08:55,500 I look for stocks in the top 30 industry groups for strong stocks ranked by 140 00:08:55,560 --> 00:08:57,210 investors, business daily or IBD. 141 00:08:57,990 --> 00:09:01,800 And I'm going to actually do a separate individual teaching as a topical study. 142 00:09:01,800 --> 00:09:06,840 So that way you'll see how I go through and sort with IBDs, um, resources. 143 00:09:06,840 --> 00:09:09,360 So you can see me do it and do the same thing. 144 00:09:09,360 --> 00:09:10,530 When you look for stocks as well. 145 00:09:11,430 --> 00:09:15,270 I look for longs and commodities that bleed their respective futures group 146 00:09:15,300 --> 00:09:17,250 with higher lows relative to the others. 147 00:09:17,250 --> 00:09:20,670 And in the words, in the grains, I'm going to find a market that doesn't 148 00:09:20,670 --> 00:09:23,880 make a lower low, and all the grains should be bullish in dollars week. 149 00:09:25,400 --> 00:09:28,650 I look for longs and currencies that fail to make lower lows 150 00:09:28,680 --> 00:09:30,030 relative to the other currencies. 151 00:09:30,300 --> 00:09:32,640 When the dollar index is weak. 152 00:09:32,970 --> 00:09:36,510 Um, I look for leadership and laggards. 153 00:09:36,570 --> 00:09:37,410 So I want to know what the hell. 154 00:09:38,250 --> 00:09:41,280 The strongest is, and the weakest, when I'm doing my relative strength 155 00:09:41,280 --> 00:09:46,770 analysis concepts, next thing I go into commitment of traders. 156 00:09:46,890 --> 00:09:49,590 And I want to know what the commercial hedgers are dealing because the 157 00:09:49,620 --> 00:09:54,000 commercials they hedge in such a large degree of buying and selling, 158 00:09:54,450 --> 00:09:57,900 they then sell end up creating the highs and the lows are tops and 159 00:09:57,900 --> 00:09:58,860 the bottoms of the marketplace. 160 00:09:59,460 --> 00:10:03,060 Now, if you know what they're most likely doing in terms of. 161 00:10:04,350 --> 00:10:08,700 Or low then, you know, you got a long period of meet in the middle 162 00:10:08,880 --> 00:10:12,480 type move, or a range expansion that's directionally bias. 163 00:10:12,720 --> 00:10:17,760 So by having this expectation about what the commercials have already 164 00:10:18,120 --> 00:10:21,704 done in the marketplace, They're going to be diametrically opposed 165 00:10:21,704 --> 00:10:22,875 to what the large funds are doing. 166 00:10:22,905 --> 00:10:28,005 And since we really want to be using the commercials to give us the high 167 00:10:28,005 --> 00:10:31,755 and the low end of the range, based on their extremes, we trade with 168 00:10:31,755 --> 00:10:34,875 the direction of the large funds in between the middle, because you'll 169 00:10:34,875 --> 00:10:36,224 see they're diametrically opposed. 170 00:10:36,584 --> 00:10:38,714 So at the highs and the lows are the tops in the bottom of the 171 00:10:38,714 --> 00:10:42,015 commercials are always right in between those two price points. 172 00:10:42,074 --> 00:10:43,515 The large funds are accurate. 173 00:10:43,515 --> 00:10:43,935 They're right. 174 00:10:43,964 --> 00:10:47,505 That's why large funds continuously make a lot of money, but at the extremes, 175 00:10:47,505 --> 00:10:48,765 they always get their ass handed to them. 176 00:10:48,765 --> 00:10:48,854 So. 177 00:10:49,545 --> 00:10:52,334 We want to know when the hedgers are calling for a potential 178 00:10:52,334 --> 00:10:53,655 high or a potential low. 179 00:10:53,984 --> 00:10:55,094 And we work within the middle. 180 00:10:55,425 --> 00:10:58,875 I looked for the commercials to be at a 12 month or six 181 00:10:58,875 --> 00:11:00,224 month extreme and net holdings. 182 00:11:00,885 --> 00:11:04,094 I also would like to sort markets that are at two-year and four-year 183 00:11:04,094 --> 00:11:09,015 extremes now using my proprietary CRT hedging program concept. 184 00:11:09,645 --> 00:11:12,015 I look for signs that commercials are buying or selling. 185 00:11:13,445 --> 00:11:15,695 Now you're going to go back and look at those teachings. 186 00:11:15,855 --> 00:11:16,745 It relates to that. 187 00:11:16,895 --> 00:11:22,715 I'm not going to teach it again here, but I like to look for when the commercials 188 00:11:22,715 --> 00:11:25,745 are buying, when it doesn't appear. 189 00:11:25,745 --> 00:11:26,435 It's obvious. 190 00:11:26,435 --> 00:11:29,315 Like when we look at the zero line on the net trader position 191 00:11:29,345 --> 00:11:30,665 chart that everyone looks at. 192 00:11:31,815 --> 00:11:34,455 If it's above the zero line, I think they're buying well. 193 00:11:34,485 --> 00:11:38,475 They are, but they could also be selling inside that, that range also. 194 00:11:38,535 --> 00:11:42,105 But you have to look at the 12 month extreme, high and low rating 195 00:11:42,585 --> 00:11:45,705 and dividing that in half, you can actually get a better read 196 00:11:45,705 --> 00:11:47,025 on what their hedging program is. 197 00:11:47,235 --> 00:11:50,135 And also like to sort commodities that have extremely large net holding. 198 00:11:50,610 --> 00:11:53,310 Compared to the futures groups are they're part of, for instance, 199 00:11:53,730 --> 00:11:55,170 uh, I look at the grains again. 200 00:11:55,470 --> 00:12:00,330 Um, if there's a huge astronomical, uh, amount of net long positions in 201 00:12:00,330 --> 00:12:04,800 the soybean market versus then that of all the other grain markets, generally, 202 00:12:04,860 --> 00:12:08,460 that's going to be an indicative of them, uh, seeing a big move as well. 203 00:12:17,595 --> 00:12:19,275 Alright market sentiment reading. 204 00:12:19,725 --> 00:12:23,475 Um, I use headlines from financial publications like investors business, 205 00:12:23,475 --> 00:12:25,935 daily Barron's wall street journal bloom. 206 00:12:27,255 --> 00:12:28,725 And I like the fade, the big story. 207 00:12:29,085 --> 00:12:32,145 Now, the news isn't always going to be marked to market 208 00:12:32,175 --> 00:12:33,375 the very day it comes out. 209 00:12:33,375 --> 00:12:34,365 Sometimes it can. 210 00:12:34,635 --> 00:12:40,694 But generally when I, like, I like to see storylines start building in a consensus 211 00:12:40,694 --> 00:12:44,564 or a sentiment idea about, you know, doom and gloom or everything's great. 212 00:12:45,015 --> 00:12:46,905 This is the best bull market ever seen. 213 00:12:46,905 --> 00:12:48,975 And it's on fire or there's I like to use. 214 00:12:49,800 --> 00:12:54,689 Um, headlines or stories to have real big descriptive adjectives, 215 00:12:54,990 --> 00:12:58,319 you know, something that gets things emotionally charged, okay. 216 00:12:58,770 --> 00:13:01,380 The more emotionally charged or descriptive they are. 217 00:13:01,890 --> 00:13:05,610 And the more that they occur, generally, that builds in a sentiment idea. 218 00:13:06,120 --> 00:13:10,680 And I haunt forums, uh, you know, for retail thinking and to further 219 00:13:10,680 --> 00:13:12,030 build my sentiment opinion. 220 00:13:12,040 --> 00:13:16,980 So I go to all the well-known, uh, forums online and. 221 00:13:18,045 --> 00:13:19,545 I want to do like a trade in the cable. 222 00:13:19,605 --> 00:13:22,035 I'll go and look at what all the retail minded, uh, 223 00:13:22,095 --> 00:13:23,235 individuals are going to do there. 224 00:13:23,475 --> 00:13:27,525 It's uncanny, uncanny when the technicals are in line, like I teach it. 225 00:13:27,885 --> 00:13:31,035 And in the sentiment idea, they're saying that a hundred percent opposite 226 00:13:31,095 --> 00:13:32,865 of what we expect is same price. 227 00:13:33,225 --> 00:13:35,775 It's unbelievable how it's this like diametrically opposed. 228 00:13:36,345 --> 00:13:39,465 And as a technical market sentiment reading, I use a Williams percent. 229 00:13:40,620 --> 00:13:45,000 And yes, I said the word indicator, uh, I use a percent are on a weekly 230 00:13:45,000 --> 00:13:48,330 chart in periods of 2014 period and 10. 231 00:13:48,630 --> 00:13:50,490 Now they're not all three applied. 232 00:13:50,700 --> 00:13:51,060 Okay. 233 00:13:51,090 --> 00:13:52,980 There's the three settings that I like to use. 234 00:13:53,700 --> 00:13:58,920 And what I do is I look for which one is the most accurately, um, depicting 235 00:13:59,010 --> 00:14:02,910 or overlaps with the previous important highs and lows that's done in the past. 236 00:14:03,210 --> 00:14:04,500 Nothing's going to be perfect. 237 00:14:04,500 --> 00:14:04,800 Okay. 238 00:14:04,800 --> 00:14:08,460 But I like to have a technical sentiment indicator in concert 239 00:14:08,460 --> 00:14:09,630 with what I'm seeing in the. 240 00:14:10,635 --> 00:14:14,415 For retail thinking and what I'm seeing in the storylines, in the newspapers or 241 00:14:14,834 --> 00:14:17,805 the articles or whatever I see on CNBC. 242 00:14:18,224 --> 00:14:21,405 So when all three of these things come together, that builds my sentiment. 243 00:14:24,584 --> 00:14:24,885 All right. 244 00:14:24,944 --> 00:14:28,875 And what profile is marketing much like we did with the monthly chart on 245 00:14:28,875 --> 00:14:31,724 this breeze right through it, because it's very, it's basically the verbatim 246 00:14:32,324 --> 00:14:34,425 is the market under consolidation. 247 00:14:34,665 --> 00:14:37,604 If it's yes and expansive, they're likely to show evidence prior to a breakout. 248 00:14:38,310 --> 00:14:43,410 Um, we can start seeing things that lead well to, um, a directional bias that 249 00:14:43,680 --> 00:14:46,079 will move outside that consolidation. 250 00:14:46,319 --> 00:14:48,150 Cause we want to know what the next moves are going to be. 251 00:14:49,560 --> 00:14:52,140 And if it's not in consolidation, that trend might be reaching an extreme. 252 00:14:52,199 --> 00:14:56,819 And if it is, it may be a retracement, not only a reversal, but I always like to 253 00:14:56,819 --> 00:14:58,560 see retracement first as my first choice. 254 00:14:59,580 --> 00:15:02,160 And is the market under study, um, trending. 255 00:15:02,520 --> 00:15:06,000 And if it is trending, you, I'm always going to be citing or looking for 256 00:15:06,000 --> 00:15:09,960 continuation trades to avoid the top and pick a top and bottom picking. 257 00:15:10,590 --> 00:15:13,950 And if it's not trending, I look for science to support a directional breakout. 258 00:15:13,950 --> 00:15:16,189 And while I think consolidation and I use it to market analysis. 259 00:15:17,850 --> 00:15:20,069 And is the market under a retracement. 260 00:15:20,610 --> 00:15:22,680 And these are the, this is the third question I asked myself. 261 00:15:22,920 --> 00:15:25,890 And if it's under retracement, then I look for science for continuation 262 00:15:25,890 --> 00:15:28,110 of the trade, post retracement. 263 00:15:28,380 --> 00:15:30,390 And think about what I showed you in the monthly teaching. 264 00:15:30,810 --> 00:15:34,260 As the monthly chart was retracing for the Australian dollar, it retraced down into 265 00:15:34,260 --> 00:15:35,699 a bullet shorter block on a monthly basis. 266 00:15:36,000 --> 00:15:38,760 And that would be an ideal scenario for us to go long. 267 00:15:39,630 --> 00:15:42,240 But if it's not retracing, then I have to determine if 268 00:15:42,240 --> 00:15:43,740 it's consolidation or trending. 269 00:15:43,860 --> 00:15:45,560 And I used the above ideas to get more. 270 00:15:46,710 --> 00:15:49,530 And that's what I do for market profiling on the weekly chart, just like I did 271 00:15:49,530 --> 00:15:54,689 on the monthly and everything that we saw on the monthly for intermarket 272 00:15:54,689 --> 00:15:56,400 analysis, it's done here as well. 273 00:15:57,120 --> 00:16:02,220 And if I have a bullish market structure, uh, determined in my market 274 00:16:02,220 --> 00:16:05,490 of interest, you know, if I look for, into market analysis to support the idea 275 00:16:05,490 --> 00:16:09,960 of positively correlated markets and opposed to it in negatively correlated 276 00:16:09,960 --> 00:16:13,635 markets, Example bullet a bullish pound. 277 00:16:14,025 --> 00:16:16,365 I'd like to see a weak us dollar technically. 278 00:16:16,425 --> 00:16:20,235 And if it's a bearish market structure determined in my market of interest, I 279 00:16:20,235 --> 00:16:23,235 look for intermarket analysis, support the idea in positively correlated 280 00:16:23,235 --> 00:16:28,065 markets and opposed to it in negatively correlated markets example would be bare 281 00:16:28,185 --> 00:16:30,375 us dollar and strong Eurodollar tech. 282 00:16:31,470 --> 00:16:34,770 And after that I go into market structure. 283 00:16:34,770 --> 00:16:39,000 And again, I want to start incorporating institutional order flow here, looking 284 00:16:39,000 --> 00:16:44,310 for, um, premium arrays, breaking in bullish markets in discount 285 00:16:44,310 --> 00:16:46,680 rate, supporting price and reverses. 286 00:16:46,680 --> 00:16:52,560 When it's bearish, I want to see a premium erase, uh, resisting price and discount 287 00:16:52,560 --> 00:16:57,170 rates breaking down and not providing any kind of support, uh, that goes in concert 288 00:16:57,180 --> 00:16:58,590 with normal market structure as outlined. 289 00:16:59,520 --> 00:17:02,280 So I'm going to be defining the current market structure on a weekly basis. 290 00:17:02,490 --> 00:17:07,410 Current market structure, I looked at classify every high and low relative 291 00:17:07,410 --> 00:17:13,260 to SMT ideas, you know, comparing it to a dollar or correlated pair SMT. 292 00:17:13,589 --> 00:17:18,089 In other words, a Euro to cable, um, or Euro to. 293 00:17:19,454 --> 00:17:23,954 So you have USD ex SMT and correlated pair SMT on the weekly. 294 00:17:23,954 --> 00:17:27,585 I started using it there and like on the monthly, I compared the 295 00:17:27,585 --> 00:17:29,774 relationship with the highs to recent highs, the determinants of 296 00:17:29,774 --> 00:17:33,465 long intermediate or short-term high is in control price presently. 297 00:17:33,975 --> 00:17:36,885 And like on the monthly, I compare the relationship to the lows, 298 00:17:36,915 --> 00:17:38,264 to recent lows to determine if. 299 00:17:39,435 --> 00:17:42,044 Is a longterm intermediate term or short term low. 300 00:17:42,195 --> 00:17:45,435 And if it's in control price, presently trade selected in the direction 301 00:17:45,435 --> 00:17:48,495 of the current market structure and monthly directional bias are 302 00:17:48,495 --> 00:17:50,385 going to be favored in my analysis 303 00:17:53,805 --> 00:17:56,024 in, uh, obviously like we did it, the monthly I'm going to be 304 00:17:56,024 --> 00:17:57,524 locating institutional focus points. 305 00:17:58,575 --> 00:18:01,485 Uh, once I arrive at a portion of price action, I wish to analyze, 306 00:18:01,905 --> 00:18:04,395 I break down the selected price range into premium and discount. 307 00:18:05,145 --> 00:18:09,255 Uh, not every price range we'll have every possible premium and or discount array. 308 00:18:09,735 --> 00:18:13,905 I'm going to just note the ones that are obvious in the weekly range and 309 00:18:13,935 --> 00:18:18,045 both premium and discount rates are going to be identified and I'll look 310 00:18:18,315 --> 00:18:22,485 to build potential trade ideas based on PDRs and referring to all previous 311 00:18:22,485 --> 00:18:25,815 analysis points thus mentioned in this weekly to daily presence. 312 00:18:29,815 --> 00:18:33,645 I'm going to be noting the key price levels relative to the 313 00:18:33,645 --> 00:18:38,055 premium and discount raised on the weekly and wants determined the 314 00:18:38,055 --> 00:18:39,045 portions of the market structure. 315 00:18:39,045 --> 00:18:40,695 I want to use for my trade ideas. 316 00:18:41,145 --> 00:18:45,675 Like on the monthly, I round each PD array to the nearest 10 level or 317 00:18:45,705 --> 00:18:49,845 five level and premium raise above the market price are calibrated and 318 00:18:49,845 --> 00:18:51,975 rounded down to the nearest adjusted. 319 00:18:52,740 --> 00:18:55,530 And discounted rates below the market price are calibrated and 320 00:18:55,530 --> 00:18:59,670 rounded up to the nearest adjusted number, either five or 10 level. 321 00:19:02,070 --> 00:19:05,190 And we end with a weekly bias. 322 00:19:06,060 --> 00:19:10,670 So after I refer to relative strength for leaders and laggards, I go into commitment 323 00:19:10,690 --> 00:19:16,290 traders, and I look for the buying and selling based on their standard zero line. 324 00:19:16,590 --> 00:19:18,180 Are they above or below the zero line? 325 00:19:18,450 --> 00:19:20,250 And then I break it down into my hedging. 326 00:19:21,960 --> 00:19:24,750 Concept where we can look at the last 12 months and look at the highest high 327 00:19:24,750 --> 00:19:29,460 and the lowest low of just their net holdings and disregard the zero line. 328 00:19:29,490 --> 00:19:32,970 Everybody else uses for net traders, position, uh, grass, and 329 00:19:32,970 --> 00:19:35,100 then split that in half and above. 330 00:19:35,100 --> 00:19:36,930 It will be buying and billowing will be selling. 331 00:19:36,930 --> 00:19:40,530 And I, again, I've done a teaching about that and you guys can 332 00:19:40,530 --> 00:19:41,970 not refer back to that as well. 333 00:19:42,000 --> 00:19:43,920 If you have any more questions about after we get through this 334 00:19:43,920 --> 00:19:46,800 month's content, obviously we have plenty of time to go over that. 335 00:19:47,685 --> 00:19:49,605 Uh, that I determined the market sentiment based on there's 336 00:19:49,605 --> 00:19:51,075 three principle approaches. 337 00:19:51,765 --> 00:19:54,825 And then I confirm my analysis with market correlation. 338 00:19:55,365 --> 00:19:58,275 So either a USD, X, SMT, or. 339 00:19:58,980 --> 00:20:04,200 Quarterly a pair SMT and, or like for instance, like dollar to 340 00:20:04,230 --> 00:20:07,470 commodities in a dollar going down commodities, going higher, uh, those 341 00:20:07,470 --> 00:20:10,050 types of things, I'm looking for that to occur on the weekly chart. 342 00:20:10,710 --> 00:20:14,220 And I select a portion of market structure to frame a trade within. 343 00:20:14,760 --> 00:20:18,090 And then I defined a PD rays to arrive at key levels within 344 00:20:18,090 --> 00:20:19,320 that range on the weekly chart. 345 00:20:19,890 --> 00:20:23,340 And by that time I will have arrived at a directional based 346 00:20:23,340 --> 00:20:26,400 analysis and a weekly timeframe. 347 00:20:28,225 --> 00:20:30,535 That gets transposed over to the daily. 348 00:20:31,675 --> 00:20:34,795 So what we're going to do now is when we returned back to our Aussie dollar 349 00:20:34,795 --> 00:20:38,695 example and break that down, all the things we've done here, we're gonna apply 350 00:20:38,695 --> 00:20:40,705 it to that weekly to daily principle. 351 00:20:43,335 --> 00:20:43,665 Okay. 352 00:20:43,665 --> 00:20:46,275 We're back on our Aussie dollars as a monthly. 353 00:20:46,365 --> 00:20:50,535 And all I did was changed some colors to keep it in better. 354 00:20:51,660 --> 00:20:52,170 Clarity. 355 00:20:52,980 --> 00:20:57,540 We have a rejection block over here and our old height landed here as premium res. 356 00:20:58,210 --> 00:21:01,050 So it's our range defined by our low and our high. 357 00:21:01,110 --> 00:21:02,310 And it's, what's the discount rate. 358 00:21:02,310 --> 00:21:08,130 It was the nearest below price actually, as we started June or shorter block, that 359 00:21:08,130 --> 00:21:09,780 means threshold would be in here as well. 360 00:21:09,780 --> 00:21:11,130 But I'm just going to try to keep it clean. 361 00:21:11,820 --> 00:21:13,500 And then we have the rejection block, lowest close. 362 00:21:14,534 --> 00:21:18,945 And then we have the low itself that would be identified and liquidity pool below it. 363 00:21:19,334 --> 00:21:27,495 So on the upside, we had one, two premium rate, and then we had another, that we'll 364 00:21:27,495 --> 00:21:31,574 add here, which is the old high here. 365 00:21:33,524 --> 00:21:35,175 And then there'll be another one. 366 00:21:35,175 --> 00:21:36,345 Should this one break? 367 00:21:37,814 --> 00:21:42,195 The next PD array on a premium premium basis would be. 368 00:21:43,335 --> 00:21:50,975 The last up-close candle, which would be a bullish or block on a monthly standpoint. 369 00:21:51,575 --> 00:21:55,504 And again, we're getting a little rich with the, uh, objectives in 370 00:21:55,504 --> 00:21:58,235 terms of premium now, but I just want to show you how you would 371 00:21:58,235 --> 00:22:00,245 just keep walking out with this. 372 00:22:01,475 --> 00:22:06,274 And then we have somewhat of a fair value gap in here as well. 373 00:22:06,425 --> 00:22:07,774 So we can identify that. 374 00:22:11,970 --> 00:22:15,930 So we had that to this high here. 375 00:22:16,890 --> 00:22:22,290 So there's all of our premium arrays on the Australian monthly. 376 00:22:22,950 --> 00:22:23,310 Okay. 377 00:22:23,460 --> 00:22:27,060 So now once we have all this now, um, once this range has been broken 378 00:22:27,060 --> 00:22:30,840 to, from this low to this high, so now this range has no longer. 379 00:22:31,665 --> 00:22:32,205 Valid. 380 00:22:32,325 --> 00:22:32,655 Okay. 381 00:22:32,655 --> 00:22:37,095 So now we had price trained outside for external liquidity, external 382 00:22:37,095 --> 00:22:40,845 range liquidity, and now the next range high would be up here. 383 00:22:41,925 --> 00:22:46,185 So if this high was to be broken, then we would start looking for 384 00:22:48,075 --> 00:22:52,005 fair value gap to define the range and then the bullish shorter block. 385 00:22:52,035 --> 00:22:53,475 And you would just keep expanding that up. 386 00:22:53,535 --> 00:22:53,895 Okay. 387 00:22:54,885 --> 00:22:57,645 And should this bullet short bucket way we would be looking for. 388 00:22:59,820 --> 00:23:05,340 This, all this downside delivery on price to be rebalanced, but that's so far away 389 00:23:05,340 --> 00:23:08,970 and not germane to the discussion at the moment, but that's how we would do it. 390 00:23:09,270 --> 00:23:12,149 So now we're going to drop down into, and again, this line here just 391 00:23:12,149 --> 00:23:18,629 delineates the, uh, the beginning of may and, uh, on the monthly chart. 392 00:23:19,889 --> 00:23:21,899 So now we have to adjust it to. 393 00:23:23,130 --> 00:23:26,640 June, because we're going to drop down to a weekly and we want to 394 00:23:26,640 --> 00:23:28,530 see all the relative price action. 395 00:23:28,620 --> 00:23:33,360 So now we have everything that was on the monthly transposed to the weekly chart. 396 00:23:34,050 --> 00:23:38,850 So now we have all of our premium rates, discount rates are identified 397 00:23:38,850 --> 00:23:43,860 here and again, our initial range was defined by this high and this 398 00:23:43,860 --> 00:23:46,680 low, once this high was formed. 399 00:23:47,760 --> 00:23:52,230 This range is no longer valid, but we do refer back to it as a discount 400 00:23:52,230 --> 00:23:54,420 array because it's below price. 401 00:23:55,290 --> 00:23:58,770 So we would come back down to this potentially as a support level, but 402 00:23:58,770 --> 00:24:05,550 we would look to justify why price may still reach up into the 80 threes. 403 00:24:06,000 --> 00:24:06,480 Okay. 404 00:24:06,480 --> 00:24:12,030 On, uh, or 80 to nineties from a monthly premium array basis. 405 00:24:13,440 --> 00:24:14,970 But I want you to take a look at how. 406 00:24:17,105 --> 00:24:23,075 The price levels from the monthly are going to be used in the weekly. 407 00:24:25,115 --> 00:24:30,155 Once we go through relative strength, we were looking at the Lowe's in here 408 00:24:30,754 --> 00:24:32,855 relative to the Australian dollar. 409 00:24:33,545 --> 00:24:35,225 And we're going to take a look at the. 410 00:24:36,900 --> 00:24:39,240 Dollar index at the same time. 411 00:24:39,390 --> 00:24:44,250 And we can see there was really no, uh, disparity amongst the two markets 412 00:24:44,280 --> 00:24:48,090 Aussie was calling for higher, whereas the dollar was looking weak as well. 413 00:24:48,090 --> 00:24:49,530 So you would see lower prices. 414 00:24:52,860 --> 00:24:58,200 So from a relative strength standpoint, no disparity in here. 415 00:24:58,350 --> 00:24:59,520 So everything is confirming it. 416 00:24:59,550 --> 00:25:04,830 So we have weakness in the dollar is expected and strength in. 417 00:25:06,190 --> 00:25:06,370 Okay. 418 00:25:06,370 --> 00:25:08,230 So we didn't see any crack and correlation there. 419 00:25:08,380 --> 00:25:11,830 So everything looks healthy for this move to transpire what the seasonal tendency 420 00:25:11,830 --> 00:25:18,490 for June to be higher, we get the higher move off of the bullshitter block. 421 00:25:19,000 --> 00:25:19,300 Okay. 422 00:25:19,300 --> 00:25:22,060 From a monthly standpoint, which is what this level is here. 423 00:25:22,060 --> 00:25:26,770 This is the monthly bullish or block, but notice also that price. 424 00:25:27,750 --> 00:25:32,220 Inside this range prior to the move out right here, this low to high. 425 00:25:32,220 --> 00:25:35,310 And let's look at this whole entire range, a little bit more detail. 426 00:25:36,030 --> 00:25:41,580 We have this candle here where once it took off about this 427 00:25:41,610 --> 00:25:43,919 short-term high on this candle. 428 00:25:44,669 --> 00:25:50,280 So above 9 73, 57 only buy-side deliveries offered until it 429 00:25:50,280 --> 00:25:51,750 came back down and rebalanced. 430 00:25:52,409 --> 00:25:55,199 The high on this candle comes in at 73 56. 431 00:25:56,040 --> 00:26:00,540 The low on this candle comes in at 73, 29. 432 00:26:00,540 --> 00:26:03,689 So it more than comes down and rebalances that. 433 00:26:04,530 --> 00:26:05,790 So we have a rebalance point. 434 00:26:05,790 --> 00:26:09,780 We can take this order block now and refine it down to this level here, 435 00:26:10,469 --> 00:26:13,649 get a little bit more detail in terms of where the low may form in this 436 00:26:13,649 --> 00:26:15,360 retracement that we saw on a monthly. 437 00:26:16,050 --> 00:26:21,600 So we have a more refined, uh, PDRs for a discount, but this level here. 438 00:26:24,725 --> 00:26:27,905 If we look at these two candles here, which makes a weekly bullet, 439 00:26:27,905 --> 00:26:33,655 shorter block, all these things help us align ourselves with a much 440 00:26:33,655 --> 00:26:37,435 more refined in calibrated level. 441 00:26:37,795 --> 00:26:39,145 We have equilibrium in here. 442 00:26:39,175 --> 00:26:42,805 So price, we don't want to see it go down to that level or through it. 443 00:26:44,275 --> 00:26:46,945 I mean, I shouldn't say shouldn't, it can go down to it, but we just 444 00:26:46,945 --> 00:26:48,775 don't want to see it violate. 445 00:26:50,105 --> 00:26:52,115 And that's that level there. 446 00:26:52,145 --> 00:26:53,135 And we'll get rid of this now. 447 00:26:53,554 --> 00:26:56,135 So now we have a little bit more detail in terms of our discount. 448 00:26:56,135 --> 00:26:58,205 Raise price trades down. 449 00:26:58,685 --> 00:27:04,115 Find some support at the bullshitter block and fair value gap on weekly and price. 450 00:27:04,145 --> 00:27:07,745 Now trades through this up-close candle. 451 00:27:08,074 --> 00:27:08,345 I'm sorry. 452 00:27:08,345 --> 00:27:11,225 This down close candle is violated up-close candle. 453 00:27:11,225 --> 00:27:15,334 So this becomes a bullish order block so we can anticipate 454 00:27:15,334 --> 00:27:16,895 price returning back to the. 455 00:27:21,120 --> 00:27:22,379 So we're incorporating 456 00:27:25,409 --> 00:27:27,720 institutional order flow in here. 457 00:27:27,810 --> 00:27:31,830 Beautiful delivery of price there with this low body. 458 00:27:32,220 --> 00:27:36,629 This candle is opening and runs away and reaches for the buy-side 459 00:27:36,629 --> 00:27:40,199 liquidity, resting of both equal highs and above the range, which is what 460 00:27:40,199 --> 00:27:41,490 these levels are here for the monthly. 461 00:27:42,389 --> 00:27:44,159 And also we're starting to see. 462 00:27:45,195 --> 00:27:47,835 Come in with the down close candles in here. 463 00:27:49,005 --> 00:27:49,365 Okay. 464 00:27:50,085 --> 00:27:54,105 The bodies, the open on this candle, 75 57. 465 00:27:54,135 --> 00:27:59,444 Draw that out in time to closes 75 71. 466 00:27:59,445 --> 00:28:03,825 The open on this candle is 75 68. 467 00:28:05,805 --> 00:28:07,965 This down close came up, becomes a bullish or block. 468 00:28:07,965 --> 00:28:12,255 When this candle trades through it, we find retreated back down into it here. 469 00:28:13,155 --> 00:28:14,355 Price then runs away. 470 00:28:15,179 --> 00:28:18,330 Creates the run or for a lower resistance liquidity run resting 471 00:28:18,330 --> 00:28:19,500 of both these equal highs. 472 00:28:21,810 --> 00:28:22,020 Okay. 473 00:28:22,020 --> 00:28:26,939 So we can see the element of institutional order flow seen in the weekly chart 474 00:28:26,970 --> 00:28:28,590 now, supporting price, moving higher. 475 00:28:30,419 --> 00:28:30,629 Okay. 476 00:28:30,629 --> 00:28:35,129 We're looking at the commitment of chairs report, and this is the Australian dollar. 477 00:28:36,555 --> 00:28:40,274 And I've already done the, uh, hedging program concept. 478 00:28:40,274 --> 00:28:41,535 That's unique to me. 479 00:28:42,045 --> 00:28:45,075 Uh, you can see the actual, real institutional buying 480 00:28:45,075 --> 00:28:46,155 and selling when you do this. 481 00:28:46,485 --> 00:28:50,115 And what I did was I highlighted the beginning of June. 482 00:28:50,535 --> 00:28:51,375 You would have done this. 483 00:28:51,705 --> 00:28:52,155 Okay. 484 00:28:52,185 --> 00:28:55,305 And it's hard to see with this, but it's the red line. 485 00:28:56,145 --> 00:28:56,325 Okay. 486 00:28:56,325 --> 00:29:01,695 Here's a red line all up here and it stairsteps down, goes to here. 487 00:29:01,695 --> 00:29:04,845 It goes back up, goes down, goes back up. 488 00:29:05,909 --> 00:29:09,389 Damn stays down here and then goes back up for a period of 489 00:29:09,389 --> 00:29:10,620 time, then it drops down again. 490 00:29:10,950 --> 00:29:11,340 Okay. 491 00:29:12,210 --> 00:29:17,460 Um, what I did was at June, I went back 12 months to the previous year's 492 00:29:17,490 --> 00:29:19,139 June, which is this line right here. 493 00:29:19,860 --> 00:29:20,220 Okay. 494 00:29:20,730 --> 00:29:26,370 And that was the highest reading since that time to June of 2017. 495 00:29:26,820 --> 00:29:28,200 And I looked for the lowest low. 496 00:29:29,460 --> 00:29:29,909 Okay. 497 00:29:29,940 --> 00:29:31,200 And I just used the. 498 00:29:32,115 --> 00:29:34,725 Reading down here, went back to the may just to make sure I got 499 00:29:34,725 --> 00:29:36,014 a good range to work within. 500 00:29:36,825 --> 00:29:42,225 And that split that range in half to high and the low. 501 00:29:43,274 --> 00:29:44,415 And this is the midway point. 502 00:29:44,415 --> 00:29:47,445 So it becomes basically this zero line it's normally on net 503 00:29:47,445 --> 00:29:48,675 trade, your position chart. 504 00:29:49,485 --> 00:29:55,125 I, uh, you used the 12 months range and 12 month range. 505 00:29:55,754 --> 00:29:57,945 If you split it in half the highest and the lowest and 506 00:29:57,945 --> 00:30:00,135 divide it in half, you get this. 507 00:30:01,275 --> 00:30:02,625 Ebb and flow type thing. 508 00:30:03,525 --> 00:30:04,005 Okay. 509 00:30:04,515 --> 00:30:07,605 And when I started doing this for commodities and looking at 510 00:30:07,605 --> 00:30:11,235 futures contracts and such, um, especially with currencies, it 511 00:30:11,235 --> 00:30:13,785 became like a huge light bulb. 512 00:30:13,905 --> 00:30:16,155 You can't, they can't hide from you anymore. 513 00:30:16,515 --> 00:30:19,845 See, I think they started messing with the data, the screw up 514 00:30:19,845 --> 00:30:24,405 the, uh, the presentation of the cot net position charts. 515 00:30:25,095 --> 00:30:27,555 And by having that, like this. 516 00:30:30,375 --> 00:30:35,055 It gives us a, um, actually I think it just took away some of that green. 517 00:30:35,055 --> 00:30:36,875 Didn't get it. 518 00:30:37,695 --> 00:30:39,165 Anyway, this should go a little bit higher than that. 519 00:30:39,225 --> 00:30:44,085 This should all be green in here and I'll show you what a, how I did it in a second. 520 00:30:44,085 --> 00:30:48,165 But the main point is in June, right here, you can see that they were 521 00:30:48,165 --> 00:30:53,595 above the modified ICT hedging program concept, where you can see when 522 00:30:53,595 --> 00:30:54,825 they're hedging and buying and selling. 523 00:30:55,485 --> 00:30:58,305 So just real quick, look, you can see during the buy time. 524 00:30:59,655 --> 00:31:00,615 They bought the low here. 525 00:31:01,215 --> 00:31:06,285 And during this red time here, they sold down, went long in here. 526 00:31:06,735 --> 00:31:09,735 We had that rally up and we had this selling here. 527 00:31:09,735 --> 00:31:13,305 When he sold into the rally, then he bought it back in here 528 00:31:13,305 --> 00:31:16,425 at this low, they sold it again. 529 00:31:16,605 --> 00:31:18,015 And here was this, that decline. 530 00:31:18,315 --> 00:31:21,045 Then they bought it up again here, which is this buy right here. 531 00:31:22,575 --> 00:31:23,295 And there's the runoff. 532 00:31:23,325 --> 00:31:31,545 So we had in our weekly to daily, uh, procedure, we'd look for, uh, the seasonal 533 00:31:31,545 --> 00:31:34,035 influence for bullishness in June. 534 00:31:35,054 --> 00:31:36,435 To come into Australian dollar. 535 00:31:36,885 --> 00:31:38,534 We did our relative strength studies. 536 00:31:38,534 --> 00:31:44,475 We did see a SMT divergence on Aussie $2 Aussie was a failing to make a lower load 537 00:31:44,475 --> 00:31:46,665 when, um, dollar index made a higher high. 538 00:31:47,475 --> 00:31:49,905 And that was in place that was working. 539 00:31:50,084 --> 00:31:54,314 So the commitment of traders report and graph as we'll show the 540 00:31:54,314 --> 00:31:57,254 I'll show you the original one in contrast to what you're seeing. 541 00:31:58,635 --> 00:32:02,054 But cot data and the ICT, uh, hedging program. 542 00:32:02,054 --> 00:32:03,495 Again, you can't find this anywhere else. 543 00:32:03,495 --> 00:32:04,635 Folks, you learned it here. 544 00:32:05,054 --> 00:32:10,215 So looking at this information, it gives us when the commercials really 545 00:32:10,215 --> 00:32:11,415 buying and when they're really selling. 546 00:32:11,834 --> 00:32:12,225 Okay. 547 00:32:12,225 --> 00:32:15,104 And it's not always indicative of what you would normally 548 00:32:15,104 --> 00:32:18,195 see in a standard cot graph. 549 00:32:19,004 --> 00:32:22,935 So we can see the real institutional hedging right in here. 550 00:32:22,935 --> 00:32:23,895 What they're buying re. 551 00:32:24,915 --> 00:32:25,305 Okay. 552 00:32:25,665 --> 00:32:28,335 There's also, it happens right when they closing the gap. 553 00:32:28,605 --> 00:32:31,545 So that only the buy-side delivery here to this candles. 554 00:32:31,605 --> 00:32:34,275 Hi right down to it right there. 555 00:32:34,275 --> 00:32:35,115 Boom hits it. 556 00:32:35,175 --> 00:32:35,475 Okay. 557 00:32:35,475 --> 00:32:40,485 And in rallies away all overlapping with them being net long notice 558 00:32:40,485 --> 00:32:42,915 that they aren't really net long until they get a blood zero. 559 00:32:42,945 --> 00:32:46,935 If you look at the way everyone else looks at the modestly bullish, there doesn't 560 00:32:46,935 --> 00:32:49,935 have to be, uh, uh, viewed like that. 561 00:32:50,145 --> 00:32:52,875 We can see this is actually a big, massive increase of buying. 562 00:32:52,875 --> 00:32:54,045 Whereas if you can see when. 563 00:32:54,810 --> 00:32:56,010 Come down and close that gap. 564 00:32:56,580 --> 00:33:00,520 They were much longer using my way of using cot data than that. 565 00:33:00,570 --> 00:33:04,320 Uh, the standard, uh, CIT graph, which we'll look at in a moment now. 566 00:33:05,100 --> 00:33:07,200 So let's close this, uh, here. 567 00:33:07,440 --> 00:33:09,570 Uh, you see what it looks like in paint? 568 00:33:10,380 --> 00:33:14,610 And all I did was did a right click on bar chart, a chart. 569 00:33:14,850 --> 00:33:19,290 Once I applied a weekly contract and put the cot data on a large presentation. 570 00:33:20,130 --> 00:33:20,340 Okay. 571 00:33:20,340 --> 00:33:23,730 And I'll show you what that looks like when we go over to a bar chart.com. 572 00:33:24,750 --> 00:33:32,990 And what we do is I'm going to take all this off and you can see 573 00:33:34,400 --> 00:33:42,620 without it all in there, it's not as a parent without the information. 574 00:33:43,070 --> 00:33:44,720 It's just looks like a bunch of squiggly lines. 575 00:33:45,140 --> 00:33:45,440 Okay. 576 00:33:45,440 --> 00:33:46,250 And yeah, you can see. 577 00:33:47,685 --> 00:33:51,165 They just modestly went above the zero line right here, but many times 578 00:33:51,165 --> 00:33:55,304 you're going to find that using my way of interpreting cot data, there'll be 579 00:33:55,304 --> 00:33:58,965 below the zero line, but it still gives you a huge, massive influx of buying. 580 00:33:59,504 --> 00:33:59,895 Okay. 581 00:34:00,435 --> 00:34:01,635 And let's go over to. 582 00:34:03,395 --> 00:34:07,865 Bar chart.com uh, actual chart without the line and about me 583 00:34:07,895 --> 00:34:09,725 giving you the 12 month perspective. 584 00:34:10,235 --> 00:34:10,594 Okay. 585 00:34:11,135 --> 00:34:15,574 And you can see very modest little by above the zero line, but when you look at 586 00:34:15,574 --> 00:34:20,105 it in contrast to how I showed it, it's a much more massive buying they did there. 587 00:34:20,105 --> 00:34:23,945 And look at the reaction in price that's inner circle trader stuff right there. 588 00:34:24,125 --> 00:34:24,425 Okay. 589 00:34:24,455 --> 00:34:26,165 That's worth the price of admission alone. 590 00:34:27,975 --> 00:34:32,145 You can see how they remained below the zero line down here. 591 00:34:32,534 --> 00:34:33,045 Okay. 592 00:34:33,315 --> 00:34:36,375 For the most part, but every time it rallied. 593 00:34:36,824 --> 00:34:37,275 Okay. 594 00:34:38,264 --> 00:34:40,514 You know, why did they buy up here when they're still blues airline? 595 00:34:40,665 --> 00:34:44,085 That was one of the things that plagued me as a trader, like cot data stuff. 596 00:34:44,085 --> 00:34:44,534 Didn't work. 597 00:34:45,105 --> 00:34:47,895 I was doing it wrong because I was doing exactly what the book said. 598 00:34:48,195 --> 00:34:49,125 So I changed it. 599 00:34:49,125 --> 00:34:51,435 And throughout what Larry Williams said about, just look 600 00:34:51,435 --> 00:34:52,154 for this and look for that. 601 00:34:52,995 --> 00:34:56,175 I looked at, if they're hedging, they should be doing things 602 00:34:56,595 --> 00:34:57,795 from a seasonal standpoint. 603 00:34:58,305 --> 00:35:00,255 And I found it in the grain market. 604 00:35:00,345 --> 00:35:04,275 And by doing it like that, seeing it sickly happening, I was like, well, let 605 00:35:04,275 --> 00:35:05,835 me try to apply it to the currencies. 606 00:35:06,135 --> 00:35:07,515 What currencies are cyclical, just like any. 607 00:35:08,279 --> 00:35:11,430 Because it's because of monetary policy because of global commerce, 608 00:35:11,460 --> 00:35:12,330 all those types of things. 609 00:35:12,330 --> 00:35:15,240 I mean, think about it, you know, there's holidays around the world that 610 00:35:15,240 --> 00:35:20,910 happened every single calendar year at single, every single calendar, a date 611 00:35:20,910 --> 00:35:22,169 that they're supposed to happen on. 612 00:35:22,770 --> 00:35:25,169 Everybody has some kind of a new year type celebration. 613 00:35:25,529 --> 00:35:27,029 You don't think there's people spending money. 614 00:35:27,210 --> 00:35:27,779 Of course they are. 615 00:35:28,049 --> 00:35:32,100 So if we look at these cyclical things, then why wouldn't there be 616 00:35:32,100 --> 00:35:33,529 cyclical things in the technicals with. 617 00:35:34,410 --> 00:35:35,640 So I think that's, what's happened. 618 00:35:35,640 --> 00:35:37,770 They've skewed this data to kind of screw it up. 619 00:35:38,190 --> 00:35:42,090 And because it's law CFTC requires them to report this information, 620 00:35:42,090 --> 00:35:43,230 which I'm so thankful for. 621 00:35:43,740 --> 00:35:47,160 Um, it gives us a greater insight about what's going on and yes, you 622 00:35:47,160 --> 00:35:50,850 can see a net long position that's really, really wimpy right above here. 623 00:35:51,240 --> 00:35:54,330 But if you look at the readings of the low end, this is towards 624 00:35:54,330 --> 00:35:55,380 the high end of the range. 625 00:35:55,590 --> 00:35:58,020 So this is a massive buy and that's why you get that big 626 00:35:58,050 --> 00:35:59,640 explosive price move right there. 627 00:36:00,000 --> 00:36:02,640 Very, very indicative of smart money accumulation. 628 00:36:02,760 --> 00:36:02,940 So. 629 00:36:03,930 --> 00:36:10,170 Ideas about going through, um, headlines and using major publications 630 00:36:10,170 --> 00:36:15,150 and such, and here's Bloomberg and it was on May 15th, 2017, the 631 00:36:15,150 --> 00:36:17,880 Australian dollars outlook darkens. 632 00:36:18,360 --> 00:36:18,630 Okay. 633 00:36:18,630 --> 00:36:20,940 Does that sound like it's a bullshit. 634 00:36:22,020 --> 00:36:26,490 Well, obviously it's indicating that they think it's going down hard now in 635 00:36:26,490 --> 00:36:30,480 fairness, this is about midpoint of may, but this is when I want to start seeing, 636 00:36:30,480 --> 00:36:34,770 I want to see these storylines start building these ideas about how, oh, it's 637 00:36:34,770 --> 00:36:37,230 doom and gloom or it's peaches and cream. 638 00:36:37,230 --> 00:36:40,410 It's wonderful ticker tape parade, you know, exasperations, 639 00:36:40,740 --> 00:36:42,529 uh, you know, um, everything's. 640 00:36:43,620 --> 00:36:46,350 Or everything's terrible, you know, when they start lines to start getting 641 00:36:46,350 --> 00:36:50,580 so heavily slanted on one side or the other good or bad, it begins, it 642 00:36:50,580 --> 00:36:52,260 begins to build in sentiment ideas. 643 00:36:52,290 --> 00:36:52,560 Okay. 644 00:36:52,560 --> 00:36:57,420 And sentiment is a really strong element to technicals when you work with them, 645 00:36:57,600 --> 00:37:00,570 uh, in a diametrically opposed condition. 646 00:37:00,570 --> 00:37:03,150 In other words, if market sentiment and like this is bearish. 647 00:37:03,160 --> 00:37:04,980 In other words, we would interpret this as bear. 648 00:37:04,980 --> 00:37:06,150 So retail traders see this. 649 00:37:06,150 --> 00:37:07,920 They don't want to buy Australian dollar. 650 00:37:07,920 --> 00:37:09,290 I'm scared because they said it's going to go. 651 00:37:10,155 --> 00:37:12,465 Um, it's going to go lower, you know, Bloomberg, you 652 00:37:12,465 --> 00:37:13,275 know, think about Bloomberg. 653 00:37:13,305 --> 00:37:14,325 They should know what you're talking about. 654 00:37:14,355 --> 00:37:14,655 Right. 655 00:37:14,925 --> 00:37:15,225 Okay. 656 00:37:15,225 --> 00:37:17,235 Well, let's take another look at another person here. 657 00:37:17,695 --> 00:37:18,705 Here's daily FX. 658 00:37:19,005 --> 00:37:19,485 Okay. 659 00:37:19,485 --> 00:37:24,135 And I'm gonna have to block out this, uh, this guy's face and name because I don't 660 00:37:24,135 --> 00:37:29,865 want to be in trouble value that stuff, but, uh, here's daily FX and Australian 661 00:37:29,865 --> 00:37:32,835 dollar may find itself X overextended. 662 00:37:33,285 --> 00:37:33,525 Okay. 663 00:37:33,525 --> 00:37:36,225 So in other words, uh, the fundamental Australian dollar for. 664 00:37:37,785 --> 00:37:42,884 Is bearish and eventually, um, Australian dollar goes on alert 665 00:37:43,005 --> 00:37:47,205 several hundred pips higher, um, as a result of all this wonderful insight. 666 00:37:47,805 --> 00:37:54,345 And here's another one Aussie dollar is directionless May 30th, 2017. 667 00:37:54,615 --> 00:37:55,815 It's directionless folks. 668 00:37:56,205 --> 00:37:56,535 Okay. 669 00:37:56,955 --> 00:38:02,985 It's the, you know, the end of may and our seasonals are calling for it to rally and. 670 00:38:04,980 --> 00:38:06,150 That's the end of may right here. 671 00:38:07,410 --> 00:38:08,370 And then we get this. 672 00:38:09,840 --> 00:38:14,970 So what we're doing is we're putting an arm wrestling match against the banks and 673 00:38:15,240 --> 00:38:18,930 the neophyte traders or the, you know, the stupid people, the, the dumb money. 674 00:38:18,990 --> 00:38:19,410 Okay. 675 00:38:19,800 --> 00:38:23,670 Uh, the working class hero, you traders guys, the guys that don't really 676 00:38:23,670 --> 00:38:25,350 know much the baby pips, if you will. 677 00:38:25,920 --> 00:38:26,190 Okay. 678 00:38:26,220 --> 00:38:29,340 And if you have a. 679 00:38:30,960 --> 00:38:33,180 Smart money against an entity like that. 680 00:38:33,240 --> 00:38:34,650 Obviously, you know, who's going to win at the end. 681 00:38:34,950 --> 00:38:35,160 Okay. 682 00:38:35,160 --> 00:38:39,480 You don't want to be in the uninformed crowd and they are uninformed 683 00:38:39,480 --> 00:38:42,900 because they follow all of the crumbs that's being laid in front of them. 684 00:38:42,990 --> 00:38:44,070 Like good slaves. 685 00:38:44,250 --> 00:38:44,610 Okay. 686 00:38:44,730 --> 00:38:46,440 Like good sheep need. 687 00:38:46,440 --> 00:38:46,950 They're going to eat. 688 00:38:46,950 --> 00:38:47,910 What's placed in front of them. 689 00:38:48,300 --> 00:38:49,380 All these news events. 690 00:38:49,380 --> 00:38:53,430 They're there to build in sentiment all these media companies. 691 00:38:53,430 --> 00:38:53,850 Okay. 692 00:38:54,120 --> 00:38:57,220 I wouldn't be surprised if they're not in cahoots to make this whole thing. 693 00:38:57,870 --> 00:38:59,070 Unfold, just like that. 694 00:38:59,160 --> 00:38:59,400 Okay. 695 00:38:59,400 --> 00:39:00,960 It's it's conditional programming. 696 00:39:01,410 --> 00:39:04,860 So over a period of time, they started building these ideas. 697 00:39:05,040 --> 00:39:07,620 Eventually you, you keep telling somebody it's bad, it's bad. 698 00:39:07,620 --> 00:39:08,070 It's bad. 699 00:39:08,250 --> 00:39:09,360 They're going to think it's bad too. 700 00:39:09,420 --> 00:39:09,780 Okay. 701 00:39:09,780 --> 00:39:12,000 And then they gonna tell everybody they know about the whole thing. 702 00:39:12,900 --> 00:39:15,570 So the sentiment, like an opinion gets shared with everyone. 703 00:39:15,630 --> 00:39:17,910 And the more it spreads, it's like a virus. 704 00:39:18,270 --> 00:39:19,380 It permeates everything. 705 00:39:19,380 --> 00:39:23,025 And since we're on a social media and technology, Uh, error. 706 00:39:23,355 --> 00:39:25,155 It's so easy to share an opinion. 707 00:39:25,635 --> 00:39:30,855 So once an opinion is developed and it's shared widespread, it builds in a 708 00:39:30,855 --> 00:39:37,455 huge diametrically opposed condition, which is market sentiment by itself. 709 00:39:37,905 --> 00:39:42,795 If I see these types of things, these ads and articles, and then I see it 710 00:39:42,795 --> 00:39:47,625 in a sentiment play like here, we have Australian dollar and we're going to now 711 00:39:47,715 --> 00:39:50,595 apply a sentiment reading with oscillator. 712 00:39:51,855 --> 00:39:54,255 William's percent R and we'll start with the 20. 713 00:39:56,415 --> 00:39:56,775 Okay. 714 00:39:57,195 --> 00:39:58,125 And here we are. 715 00:39:58,455 --> 00:39:58,875 Um, 716 00:40:01,905 --> 00:40:02,805 ideal, long entry. 717 00:40:02,805 --> 00:40:09,975 I have it set at 80 and ideal short entry or sell basically if you're long is 20. 718 00:40:10,395 --> 00:40:14,085 So this is 20 and I want to look back and it gave a good reading for this buyer. 719 00:40:15,674 --> 00:40:16,785 Uh, didn't give me a goodbye. 720 00:40:16,785 --> 00:40:18,495 There did give me a goodbye there. 721 00:40:18,884 --> 00:40:19,095 Okay. 722 00:40:19,095 --> 00:40:21,345 So twenties it's iffy. 723 00:40:22,964 --> 00:40:27,524 So now we're going to change the indicator to 14, 724 00:40:30,734 --> 00:40:33,884 and this does look like form fitting on now, but you'll see 725 00:40:33,884 --> 00:40:35,024 what I'm doing here in a second. 726 00:40:35,654 --> 00:40:36,044 Okay. 727 00:40:36,345 --> 00:40:37,904 So now we have a nice reading here. 728 00:40:38,475 --> 00:40:39,615 We have a nice reading here. 729 00:40:40,544 --> 00:40:41,834 We have a nice reading here. 730 00:40:41,865 --> 00:40:44,504 So when price came down again and here, this should be a goodbye. 731 00:40:44,504 --> 00:40:48,645 And it was, so this is a calibrated, the 14 period for sentiment. 732 00:40:48,645 --> 00:40:52,725 And we'd done that by justifying the old lows back here, see how fast it took it. 733 00:40:52,935 --> 00:40:55,845 And I gave you three to choose from 2014 and 10. 734 00:40:56,294 --> 00:40:59,895 Now, if I go to a 10 period, it'll probably still do very well. 735 00:41:00,915 --> 00:41:05,325 Um, But you really want to have a little bit more time. 736 00:41:05,325 --> 00:41:07,455 You don't want to always use a small smallest one. 737 00:41:07,455 --> 00:41:09,525 Cause the smallest one will always generally give you 738 00:41:09,525 --> 00:41:10,575 a good reading regardless. 739 00:41:10,635 --> 00:41:13,365 And that sometimes it's a little too sugarcoated in my opinion, 740 00:41:13,695 --> 00:41:14,805 but you can see it does it here. 741 00:41:15,630 --> 00:41:18,030 Here here and here as well. 742 00:41:18,660 --> 00:41:22,080 Uh, but 14 periods in my opinion would have been the ultimate cause it gives 743 00:41:22,080 --> 00:41:24,240 you a little bit more time filter. 744 00:41:24,510 --> 00:41:24,780 Okay. 745 00:41:24,780 --> 00:41:28,830 It's smooth it out a little bit more versus these jagged up and down, 746 00:41:29,040 --> 00:41:32,430 uh, readings, you can get with a 10 period and on a weekly, uh, candle. 747 00:41:33,750 --> 00:41:37,110 So we have sentiment, we'll put it back on 14. 748 00:41:37,260 --> 00:41:40,200 So that way it stays with us our presentation. 749 00:41:41,220 --> 00:41:43,410 So we have our American sentiment in terms of. 750 00:41:44,190 --> 00:41:47,250 Technicals down here saying we're, you know, it's, 751 00:41:47,259 --> 00:41:48,540 everybody's thinks it's bearish. 752 00:41:48,630 --> 00:41:48,950 Okay. 753 00:41:48,990 --> 00:41:49,980 Bears, bears, bears. 754 00:41:50,549 --> 00:41:51,029 Okay. 755 00:41:51,360 --> 00:41:54,060 Short cover and ideal long. 756 00:41:55,020 --> 00:41:55,290 Okay. 757 00:41:55,319 --> 00:41:56,310 Towards the 80 reading. 758 00:41:56,880 --> 00:42:01,140 And also at the same time, when all the headlines were saying, it's the end of 759 00:42:01,140 --> 00:42:04,140 the world for Australian dollar, it's going to go down or it's directionless. 760 00:42:04,140 --> 00:42:05,400 And nobody was saying, it's going to go up. 761 00:42:06,029 --> 00:42:07,020 So sentiment was what. 762 00:42:08,475 --> 00:42:13,154 Technically it's bullish because it's extreme reading down here and we built 763 00:42:13,154 --> 00:42:17,384 all the ideas with the premium and discount rates where we were in a discount 764 00:42:17,384 --> 00:42:22,335 array, bull, shorter block Fairview, you got closed and seasonal tenancy. 765 00:42:22,725 --> 00:42:24,435 Boom explosion. 766 00:42:24,645 --> 00:42:25,125 Okay. 767 00:42:25,515 --> 00:42:31,935 So we had, we covered the relative strength aspect. 768 00:42:32,415 --> 00:42:34,694 We looked at the CRT used both in that. 769 00:42:35,384 --> 00:42:40,035 Use of cot graph, zero line above is, but what's below is bearish. 770 00:42:40,035 --> 00:42:45,105 And then I used my ICT, uh, hedging program concept, um, where you use the 771 00:42:45,105 --> 00:42:48,645 12 month range, go back 12 months, find the highest and the lowest reading on 772 00:42:48,645 --> 00:42:51,675 the commercials, holding only, okay. 773 00:42:51,675 --> 00:42:52,305 Just the commercials. 774 00:42:52,305 --> 00:42:55,095 You're getting that reading and it's put that line in half, do it on paint, 775 00:42:55,695 --> 00:42:57,225 and then you can, uh, get everything. 776 00:42:58,035 --> 00:43:00,315 Closer depiction of what they're buying and selling is. 777 00:43:00,915 --> 00:43:04,185 And we figured out by sentiment, looking at the headlines that the 778 00:43:04,185 --> 00:43:08,325 Australian dollar they were saying it was directly or bearish, nothing was long. 779 00:43:08,325 --> 00:43:09,015 So sorry. 780 00:43:09,075 --> 00:43:11,845 Market sentiment was bearish and diametrically opposed to 781 00:43:11,865 --> 00:43:13,125 commercials which were buying. 782 00:43:13,425 --> 00:43:18,015 And we had a seasonal influence expecting June lows to occur in a rally in June. 783 00:43:18,615 --> 00:43:21,405 And we have a technically also what the Williams' first hand arm. 784 00:43:21,765 --> 00:43:22,095 Okay. 785 00:43:22,095 --> 00:43:25,335 So we can see a visual depiction of sentiment being bullish 786 00:43:25,575 --> 00:43:26,775 because it's extreme overseas. 787 00:43:27,870 --> 00:43:30,720 This means this is what the public thinks it's going down. 788 00:43:30,900 --> 00:43:35,160 This thinks that, uh, they think the public is, um, extremely bullish here. 789 00:43:36,210 --> 00:43:37,380 Public is bearish. 790 00:43:37,800 --> 00:43:38,700 Public is bullish. 791 00:43:38,730 --> 00:43:39,750 Public is bearish. 792 00:43:39,780 --> 00:43:40,590 Public is bullish. 793 00:43:40,890 --> 00:43:41,970 Public is bearish. 794 00:43:42,570 --> 00:43:46,200 And if we diametrically oppose ourselves to that view, when all of 795 00:43:46,200 --> 00:43:49,740 our smart money concepts that I've been teaching you when news overlap 796 00:43:49,860 --> 00:43:51,030 and then you have seasonal too. 797 00:43:51,090 --> 00:43:53,490 Ugh, it's just like taking candy from a baby. 798 00:43:53,820 --> 00:43:55,260 It's so easy now. 799 00:43:56,535 --> 00:43:58,395 We go into market profiling as well. 800 00:43:58,395 --> 00:44:03,435 So we had market come off this low rally away then retrace. 801 00:44:03,585 --> 00:44:07,755 So we're in a consolidation, but we now, at this point, we know the 802 00:44:07,755 --> 00:44:09,165 consolidation is giving us clues. 803 00:44:09,165 --> 00:44:10,634 It's going to break out to the upside. 804 00:44:12,015 --> 00:44:15,404 If that's true, then we should be looking for the profiling of a 805 00:44:15,404 --> 00:44:18,045 retracement, even though we're in a long-term consolidation on the. 806 00:44:18,915 --> 00:44:22,544 On the weekly, it changes to now we're in a retracement and it's 807 00:44:22,634 --> 00:44:25,245 expecting a expansion swing. 808 00:44:25,274 --> 00:44:28,694 So this is an impulse sling retracement expansion swing. 809 00:44:29,085 --> 00:44:29,415 Okay. 810 00:44:29,625 --> 00:44:32,595 Expansive swing tends to go a little bit more than the impulse swing does. 811 00:44:32,924 --> 00:44:37,214 And that's why we have our, Fibonacci's usually overlapped with this to 812 00:44:37,214 --> 00:44:38,565 get our extensions for targets. 813 00:44:40,170 --> 00:44:44,040 So from profile and standpoint, we see a retracement to expansion 814 00:44:44,400 --> 00:44:45,830 and intermarket analysis. 815 00:44:45,840 --> 00:44:50,340 We are, I saw that the dollar index was supporting this, um, moved by 816 00:44:50,340 --> 00:44:59,310 weakness and when the part of the dollar and from a PDA PDA Ray matrix, 817 00:44:59,340 --> 00:45:02,250 uh, standpoint, we have all of our. 818 00:45:06,745 --> 00:45:09,175 Discount raise the Bush order box. 819 00:45:09,295 --> 00:45:09,655 Okay. 820 00:45:10,915 --> 00:45:11,905 Supporting price. 821 00:45:16,515 --> 00:45:21,435 You see buying coming in here and up-close candles are breaking here. 822 00:45:22,275 --> 00:45:22,785 Okay. 823 00:45:23,235 --> 00:45:28,935 And prices gone through and taken out the monthly rejection block and the old. 824 00:45:29,970 --> 00:45:30,899 That's what these levels are. 825 00:45:31,319 --> 00:45:31,770 Okay. 826 00:45:32,430 --> 00:45:37,109 And that's an example of taking all the information from a monthly 827 00:45:37,109 --> 00:45:41,040 chart, transposing it to a weekly and then a weekly down into a daily. 828 00:45:41,040 --> 00:45:43,710 So we take all this information. 829 00:45:44,129 --> 00:45:44,490 Okay. 830 00:45:44,520 --> 00:45:51,060 All this information will be transposed and placed onto a daily chart for our 831 00:45:52,620 --> 00:45:58,350 short-term analysis, a top-down approach in our third teaching next week. 832 00:45:59,655 --> 00:46:02,745 So hopefully you found this insightful again, we'll build on these concepts 833 00:46:02,775 --> 00:46:06,405 and give you much more detail, but for now this is all that it takes 834 00:46:06,855 --> 00:46:08,235 all the information you've learned. 835 00:46:08,595 --> 00:46:09,795 That's all we do. 836 00:46:09,915 --> 00:46:13,845 We take what you've been shown here from a process from beginning to 837 00:46:13,845 --> 00:46:16,455 end, and you do things modularly. 838 00:46:16,485 --> 00:46:18,285 You don't try to apply everything. 839 00:46:18,495 --> 00:46:21,705 You don't try to push all the concepts into one timeframe and 840 00:46:21,705 --> 00:46:22,965 try to make it all speak to you. 841 00:46:23,265 --> 00:46:24,225 Cause you'll never get anywhere. 842 00:46:24,225 --> 00:46:24,765 You'll be confused. 843 00:46:25,620 --> 00:46:27,510 None of this should be confusing to you. 844 00:46:27,870 --> 00:46:29,010 It's really simple. 845 00:46:29,010 --> 00:46:30,060 It's streamlined. 846 00:46:30,390 --> 00:46:32,430 There's not a whole lot of everything applied. 847 00:46:33,000 --> 00:46:38,250 Each specific timeframe has its respective characteristics and you have to apply 848 00:46:38,280 --> 00:46:39,990 certain tools to those timeframes. 849 00:46:40,290 --> 00:46:43,380 Notice that we didn't do a whole lot of, uh, you know, detail with 850 00:46:43,410 --> 00:46:45,540 analysis with time, date type things. 851 00:46:45,630 --> 00:46:47,160 It's not required on these times. 852 00:46:48,225 --> 00:46:49,125 Monthly and weekly. 853 00:46:49,395 --> 00:46:52,815 Now, when we go into daily, our next teachings next week, you'll get much 854 00:46:52,815 --> 00:46:56,835 more refined information about time of day and a lot more indicators and tools. 855 00:46:57,045 --> 00:46:59,265 And it's probably what you're waiting for, but you don't need that stuff. 856 00:46:59,295 --> 00:47:01,995 This stuff here, whatever I showed you here so far, this 857 00:47:01,995 --> 00:47:04,155 is what everybody else lacks. 858 00:47:04,575 --> 00:47:09,135 So if they don't have this in a trading and they'll do well, is that probably 859 00:47:09,135 --> 00:47:10,965 something that they should start doing? 860 00:47:11,025 --> 00:47:12,945 Sure, but they're not in the group. 861 00:47:12,945 --> 00:47:16,205 So the hand going to be without this information. 862 00:47:17,384 --> 00:47:23,955 If you use it and you try not to, uh, and you increase with taking other disciplines 863 00:47:23,955 --> 00:47:28,634 and applying to it, keep it just as I've been showing you here, the previous lesson 864 00:47:28,634 --> 00:47:32,355 in this one, all we're doing is taking the information and building and fleshing 865 00:47:32,355 --> 00:47:34,095 out what the institution should do. 866 00:47:34,695 --> 00:47:35,505 Notice what we did. 867 00:47:35,865 --> 00:47:40,904 We applied seasonal influences that the technicals should support 868 00:47:40,995 --> 00:47:44,505 because of the technicals in our repeating seasonal trends. 869 00:47:45,690 --> 00:47:48,900 Or seeing higher prices and lower prices Aussie dollar. 870 00:47:48,960 --> 00:47:50,730 We looked for a seasonal low in June. 871 00:47:51,540 --> 00:47:56,550 It came, it came by way of institutional sponsorship, institutional order flow. 872 00:47:57,180 --> 00:48:00,750 The comer, the commercials were net long based on both camps, whether 873 00:48:00,750 --> 00:48:05,130 it uses my concept of the hedging program or using the standard 874 00:48:05,160 --> 00:48:08,610 cot graph and sentiment was bear. 875 00:48:09,465 --> 00:48:11,805 To directionless the words were the erection list or 876 00:48:11,805 --> 00:48:13,005 going to hell in a hand basket. 877 00:48:13,005 --> 00:48:13,875 That's basically what it was. 878 00:48:14,175 --> 00:48:17,625 Nobody was saying in the reports to buy Aussie dollar. 879 00:48:18,495 --> 00:48:20,865 Nobody was saying that they were saying, it's going to go 880 00:48:20,865 --> 00:48:23,145 down and it didn't go down. 881 00:48:23,325 --> 00:48:26,925 It rammed right on up into a level we anticipated. 882 00:48:27,195 --> 00:48:28,125 We talked about this. 883 00:48:28,515 --> 00:48:30,105 In fact, I was looking for it in March. 884 00:48:30,105 --> 00:48:30,585 I was wrong. 885 00:48:30,585 --> 00:48:33,005 We had a little bit of retracement back here, but it came down to 886 00:48:33,135 --> 00:48:36,205 a buying opportunity and look at the nice explosive price move. 887 00:48:37,200 --> 00:48:38,100 We didn't miss it here. 888 00:48:38,100 --> 00:48:41,130 It was all, we were all over it, but the long and short of it is these are 889 00:48:41,130 --> 00:48:44,820 the components we use from monthly to weekly and now weekly to daily. 890 00:48:45,270 --> 00:48:46,470 And until next time I wish you good luck. 75570

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