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From version 1.1
edited by Drunk Monkey
on 2020-12-09 06:15
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edited by Drunk Monkey
on 2021-06-11 14:14
Change comment: There is no comment for this version

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1 -1
2 -00:00:18,630 ~-~-> 00:00:30,600
3 -ICT: Alright, folks, it's non farm payroll Friday, not for professionals. So I
4 -have my full screen shown here. So you guys can see the time and all that
1 +(% class="hover min" %)
2 +|1 |00:00:18,630 ~-~-> 00:00:30,600 |ICT: Alright, folks, it's non farm payroll Friday, not for professionals. So I have my full screen shown here. So you guys can see the time and all that
3 +|2 |00:00:30,600 ~-~-> 00:00:45,510 |business. Here's that same demo account that I said to keep track of that number for savings isn't going to change. The market looks like it may want to drive
4 +|3 |00:00:45,810 ~-~-> 00:01:03,180 |under this low here. But not before coming up in here. I like this order block right here. So I thinking that price will want to hit that.
5 +|4 |00:01:09,030 ~-~-> 00:01:22,440 |Maybe hit that and then come down and take the stops here. So the idea is use non farm payroll to rally at first thinking it's gonna break out higher, and
6 +|5 |00:01:22,440 ~-~-> 00:01:25,290 |then sync it down and take the stops at 3520.
7 +|6 |00:01:38,280 ~-~-> 00:01:42,180 |Okay, and we're about to do that now.
8 +|7 |00:01:49,980 ~-~-> 00:01:59,490 |similar words, this is going to be a short, or run down here for about 50 pips or so. Now, I would never take this trade with live money, because it's not on
9 +|8 |00:01:59,490 ~-~-> 00:02:10,170 |payroll numbers and anything can happen. Worst case scenario it could whip through. Now, if this was a non payroll, I'm sorry, I'm not even no words. If it
10 +|9 |00:02:10,170 ~-~-> 00:02:23,520 |wasn't non farm payroll analyses using this example here, I would look for sell here and use a 30 PIP stop to it would be well above here. But I think the draw
11 +|10 |00:02:23,520 ~-~-> 00:02:25,560 |is going to be on the low.
12 +|11 |00:02:38,760 ~-~-> 00:02:55,020 |Here's your run. Here's your order block. Again, it would be above your stock will be above this high. Here's your old high back here on the daily.
13 +|12 |00:03:21,900 ~-~-> 00:03:38,070 |So 3599. That's where the stock would be 30 pips above from that level here. We've already punched through these highs. And we'll see if there's any give
14 +|13 |00:03:38,070 ~-~-> 00:03:49,500 |back to make a run for the liquidity risk falling below the low on euro. See we're approaching it equal high, and we'll probably see it trade back down, make
15 +|14 |00:03:49,500 ~-~-> 00:03:55,770 |it lower low on the day. And we watching for that 2020 level. What's the downside objective
16 +|15 |00:04:02,850 ~-~-> 00:04:16,440 |given the nature of non farm payroll is to run, take out the side that's easiest to knock off. In other words, we've seen market making lower moves today. So
17 +|16 |00:04:16,470 ~-~-> 00:04:27,690 |there obviously are people short. So there's two ways of using that information. If it were not a non farm payroll Friday, the run back up here to get to this
18 +|17 |00:04:27,690 ~-~-> 00:04:42,270 |bearish order block go short there or run the buy stops on those individuals that are short. They don't need to go very high above this high to run their
19 +|18 |00:04:42,270 ~-~-> 00:04:51,300 |stops. And then reject and go lower and reach for 35 2035 big figure and maybe even down to 3495
20 +|19 |00:05:54,360 ~-~-> 00:06:04,170 |Never concern myself with the actual numbers because the numbers themselves are already factored in. They're actually old data, it is making it public. And they
21 +|20 |00:06:04,170 ~-~-> 00:06:08,070 |use those numbers as a smokescreen to run out liquidity.
22 +|21 |00:07:21,510 ~-~-> 00:07:25,650 |Notice the unwillingness to go above 35 at of any significance.
23 +|22 |00:07:51,990 ~-~-> 00:08:02,070 |So they had high initially on day three got to midnight, New York time, failing to get to 35 at institutional level at levels, a good nice number for
24 +|23 |00:08:02,070 ~-~-> 00:08:11,070 |institutions and power orders in and around, they sold off, they come all the way back up now this to hit the 35 at level now, which also effectively takes
25 +|24 |00:08:11,070 ~-~-> 00:08:25,410 |out to buy stuff on any holders that were short. So the idea is that cables been going up for a while. And anyone that has been profitable shorting this morning,
26 +|25 |00:08:25,950 ~-~-> 00:08:33,570 |they are not allowed to be profitable. So non farm payrolls used to upset those orders. And they take those individuals out
27 +|26 |00:08:53,910 ~-~-> 00:09:08,640 |few minutes past the release of non farm. Now, if it were a non event, like it was non farm payroll, not included in today's calendar, I would be short right
28 +|27 |00:09:08,640 ~-~-> 00:09:15,420 |now. I wish I would be short at this moment where we're at here.
29 +|28 |00:09:22,020 ~-~-> 00:09:36,060 |So that would be my short. I'm not wasting my demo because I want to keep it clean with actual demo executions, but I'm just giving you a pay per trade idea.
30 +|29 |00:09:36,660 ~-~-> 00:09:39,210 |So I'm demoing on a demo.
31 +|30 |00:09:44,370 ~-~-> 00:09:56,880 |But you guys see that same account the account history. I've been doing trades recently. So it's been a few days since it's been done but that's where I'm at,
32 +|31 |00:09:57,450 ~-~-> 00:10:12,240 |to go back and look at my other screenshots and recordings, you'll see that that balance matches, nothing's changed. And that's a dual accountability folks.
33 +|32 |00:10:12,870 ~-~-> 00:10:19,950 |Nothing to be afraid of, and nothing to be fearful of, unless you're losing. And people don't want to see that.
34 +|33 |00:10:25,800 ~-~-> 00:10:41,970 |I'm typically on the sidelines till the third Tuesday. So I was waiting for the first two weeks of trade through on every year in January. And then I pick up my
35 +|34 |00:10:41,970 ~-~-> 00:10:52,770 |actual interest in actual entries and such on the third Tuesday of every January, and then I go light, like a very, very light on leverage. And I just go
36 +|35 |00:10:52,770 ~-~-> 00:10:54,150 |very, very slow.
37 +|36 |00:10:59,520 ~-~-> 00:11:10,950 |I go very, very slow, with the amount of leverage until I get into February. And once I get into February, then I start working towards a normalized amount of
38 +|37 |00:11:10,950 ~-~-> 00:11:19,050 |leverage. And by the fifth of February, I should be in the thick of things.
39 +|38 |00:11:29,160 ~-~-> 00:11:47,400 |Again, note the unwillingness to want to go above 3580. We just went above these initial daily highs. And the theme is, markets been going higher, or cable, we
40 +|39 |00:11:47,400 ~-~-> 00:12:00,720 |priced in a little bit of a rally in here, built a premium in on price and they sank it going into London, they ran it up, took the stops out about the initial
41 +|40 |00:12:00,720 ~-~-> 00:12:11,640 |high of the day. And I would be looking for this thing to start working its way lower. Now because it's Friday, we could see a rather lackluster event as well,
42 +|41 |00:12:12,180 ~-~-> 00:12:20,460 |you could just go right back to the middle of the range. And this is how you do that. Okay, assuming that this high is the high of the day, this is something
43 +|42 |00:12:20,460 ~-~-> 00:12:32,250 |you do over the day. So equilibrium is right around here. So we could consolidate between 3555 and 3550. If it doesn't drop, I just don't see it going
44 +|43 |00:12:32,250 ~-~-> 00:12:34,740 |higher and making higher highs of any significance.
45 +|44 |00:13:10,500 ~-~-> 00:13:19,080 |I'm not sure I can't recall if I mentioned that or not. But I mentioned that I would I would be selling shorts. It was not nonfarm payroll Friday, at this
46 +|45 |00:13:19,080 ~-~-> 00:13:30,060 |level here, and I would simply use a 20 PIP stop. By because 20 pips above this high, I'm already above that. So I don't think that 20 pips is going to be
47 +|46 |00:13:30,060 ~-~-> 00:13:40,110 |necessary. They ran it right to that level, right on the heels of the release of the non farm payroll numbers. So I'd only be looking for a move lower. So if it
48 +|47 |00:13:40,110 ~-~-> 00:13:51,450 |was not a run on those by stops, yet, then I would use like a 30 PIP stop loss. But because we've already essentially taken out device stops above that high. I
49 +|48 |00:13:51,450 ~-~-> 00:13:55,320 |can just go 20 pips above my entry, which would be hypothetically here.
50 +|49 |00:14:06,870 ~-~-> 00:14:14,400 |And some of you, you're probably wondering, well, if it goes down here and hits that 3520 level, why didn't you take the trade? It would be in you know, in your
51 +|50 |00:14:14,400 ~-~-> 00:14:22,920 |account history, because it's not a day that I actually trade. And I'm practicing what I preach. I try to tell people don't even practice in your demo
52 +|51 |00:14:22,920 ~-~-> 00:14:32,190 |one, and certainly don't want to trade with live funds, or non farm payrolls Friday, because the casino ride, it's a carnival ride. It's it's absolutely.
53 +|52 |00:14:35,040 ~-~-> 00:14:43,050 |It's sometimes very volatile. And you might know what side of the marketplace it wants to run for, but doesn't necessarily mean it's going to go the opposite
54 +|53 |00:14:43,050 ~-~-> 00:14:55,290 |direction right away either. So it can be really problematic for someone that wants to know, a direction. The theme of this particular event is take the stops
55 +|54 |00:14:55,860 ~-~-> 00:15:04,350 |both sides of the marketplace if it's if it can be done. They'll take both sides. But I view non farm payroll as a means of upsetting the ones that are
56 +|55 |00:15:04,350 ~-~-> 00:15:14,580 |going to stand to make the most money, post non farm payroll words, think of it as a Judas swing.
57 +|56 |00:15:30,090 ~-~-> 00:15:57,390 |Now this portion of the video, I'm going to let it record, but it's going to be sped up sounds, we'll make a note of that video speed increased now. So that way
58 +|57 |00:15:57,510 ~-~-> 00:16:12,240 |you guys know that what I'm doing is not any audio, I'm not talking right now I can't fill in the gaps later on. Okay, so once I stopped talking, it'll just be
59 +|58 |00:16:12,240 ~-~-> 00:16:21,060 |recording the price action and then I'll come back when I take this off, then it'll be real time and then we'll assess what's already happened. But I think
60 +|59 |00:16:21,090 ~-~-> 00:16:22,440 |ultimately, it's going to go down below
61 +|60 |00:16:23,160 ~-~-> 00:17:56,520 |here. Okay, so I would be taking my stop down to plus five
62 +|61 |00:18:02,880 ~-~-> 00:18:08,370 |in taking partial profits here. This is going to act as my stop.
63 +|62 |00:18:14,130 ~-~-> 00:18:30,060 |Now I'd be banking 75% 80% of the position and leaving the rest on the see if I can get this stop around here to this was my hypothetical entry, but the high
64 +|63 |00:18:31,770 ~-~-> 00:18:44,760 |order block retreated back to that. And now we've seen some acceleration on the downside, we do have a little bit of a water block in here, cable reach
65 +|64 |00:18:44,790 ~-~-> 00:18:56,130 |equilibrium, which is what I measured earlier. So that's what I'm saying I would take that 75 80% off in this area here. That would be banked about 30 pips or so
66 +|65 |00:18:57,300 ~-~-> 00:19:19,560 |and a stop at plus five. So allow me to have a chance see if any further erosion on price to get to that low. ideal scenario is for it to run to it before
67 +|66 |00:19:20,520 ~-~-> 00:19:30,240 |10am 10:30am New York time. The longer it waits and lags, the less likely it will do that and will probably just stay right in the middle of the range for
68 +|67 |00:19:30,240 ~-~-> 00:19:37,290 |the rest of the day. So I'll go back into speeding the video up now.
69 +|68 |00:21:40,019 ~-~-> 00:21:49,499 |Alright folks, as you can see it's 11 o'clock in the morning, New York time. So I would be killing the trade here. Any open profits on my demo position would be
70 +|69 |00:21:49,919 ~-~-> 00:22:00,329 |taken and any open position will be closed so there won't be any more likelihood for downside movement. And I'll just let you guys pan out the rest of the day
71 +|70 |00:22:00,329 ~-~-> 00:22:04,649 |and see what has transpired but I will be out based on London close time parameters.
5 5  
6 -2
7 -00:00:30,600 ~-~-> 00:00:45,510
8 -business. Here's that same demo account that I said to keep track of that number
9 -for savings isn't going to change. The market looks like it may want to drive
10 -
11 -3
12 -00:00:45,810 ~-~-> 00:01:03,180
13 -under this low here. But not before coming up in here. I like this order block
14 -right here. So I thinking that price will want to hit that.
15 -
16 -4
17 -00:01:09,030 ~-~-> 00:01:22,440
18 -Maybe hit that and then come down and take the stops here. So the idea is use
19 -non farm payroll to rally at first thinking it's gonna break out higher, and
20 -
21 -5
22 -00:01:22,440 ~-~-> 00:01:25,290
23 -then sync it down and take the stops at 3520.
24 -
25 -6
26 -00:01:38,280 ~-~-> 00:01:42,180
27 -Okay, and we're about to do that now.
28 -
29 -7
30 -00:01:49,980 ~-~-> 00:01:59,490
31 -similar words, this is going to be a short, or run down here for about 50 pips
32 -or so. Now, I would never take this trade with live money, because it's not on
33 -
34 -8
35 -00:01:59,490 ~-~-> 00:02:10,170
36 -payroll numbers and anything can happen. Worst case scenario it could whip
37 -through. Now, if this was a non payroll, I'm sorry, I'm not even no words. If it
38 -
39 -9
40 -00:02:10,170 ~-~-> 00:02:23,520
41 -wasn't non farm payroll analyses using this example here, I would look for sell
42 -here and use a 30 PIP stop to it would be well above here. But I think the draw
43 -
44 -10
45 -00:02:23,520 ~-~-> 00:02:25,560
46 -is going to be on the low.
47 -
48 -11
49 -00:02:38,760 ~-~-> 00:02:55,020
50 -Here's your run. Here's your order block. Again, it would be above your stock
51 -will be above this high. Here's your old high back here on the daily.
52 -
53 -12
54 -00:03:21,900 ~-~-> 00:03:38,070
55 -So 3599. That's where the stock would be 30 pips above from that level here.
56 -We've already punched through these highs. And we'll see if there's any give
57 -
58 -13
59 -00:03:38,070 ~-~-> 00:03:49,500
60 -back to make a run for the liquidity risk falling below the low on euro. See
61 -we're approaching it equal high, and we'll probably see it trade back down, make
62 -
63 -14
64 -00:03:49,500 ~-~-> 00:03:55,770
65 -it lower low on the day. And we watching for that 2020 level. What's the
66 -downside objective
67 -
68 -15
69 -00:04:02,850 ~-~-> 00:04:16,440
70 -given the nature of non farm payroll is to run, take out the side that's easiest
71 -to knock off. In other words, we've seen market making lower moves today. So
72 -
73 -16
74 -00:04:16,470 ~-~-> 00:04:27,690
75 -there obviously are people short. So there's two ways of using that information.
76 -If it were not a non farm payroll Friday, the run back up here to get to this
77 -
78 -17
79 -00:04:27,690 ~-~-> 00:04:42,270
80 -bearish order block go short there or run the buy stops on those individuals
81 -that are short. They don't need to go very high above this high to run their
82 -
83 -18
84 -00:04:42,270 ~-~-> 00:04:51,300
85 -stops. And then reject and go lower and reach for 35 2035 big figure and maybe
86 -even down to 3495
87 -
88 -19
89 -00:05:54,360 ~-~-> 00:06:04,170
90 -Never concern myself with the actual numbers because the numbers themselves are
91 -already factored in. They're actually old data, it is making it public. And they
92 -
93 -20
94 -00:06:04,170 ~-~-> 00:06:08,070
95 -use those numbers as a smokescreen to run out liquidity.
96 -
97 -21
98 -00:07:21,510 ~-~-> 00:07:25,650
99 -Notice the unwillingness to go above 35 at of any significance.
100 -
101 -22
102 -00:07:51,990 ~-~-> 00:08:02,070
103 -So they had high initially on day three got to midnight, New York time, failing
104 -to get to 35 at institutional level at levels, a good nice number for
105 -
106 -23
107 -00:08:02,070 ~-~-> 00:08:11,070
108 -institutions and power orders in and around, they sold off, they come all the
109 -way back up now this to hit the 35 at level now, which also effectively takes
110 -
111 -24
112 -00:08:11,070 ~-~-> 00:08:25,410
113 -out to buy stuff on any holders that were short. So the idea is that cables been
114 -going up for a while. And anyone that has been profitable shorting this morning,
115 -
116 -25
117 -00:08:25,950 ~-~-> 00:08:33,570
118 -they are not allowed to be profitable. So non farm payrolls used to upset those
119 -orders. And they take those individuals out
120 -
121 -26
122 -00:08:53,910 ~-~-> 00:09:08,640
123 -few minutes past the release of non farm. Now, if it were a non event, like it
124 -was non farm payroll, not included in today's calendar, I would be short right
125 -
126 -27
127 -00:09:08,640 ~-~-> 00:09:15,420
128 -now. I wish I would be short at this moment where we're at here.
129 -
130 -28
131 -00:09:22,020 ~-~-> 00:09:36,060
132 -So that would be my short. I'm not wasting my demo because I want to keep it
133 -clean with actual demo executions, but I'm just giving you a pay per trade idea.
134 -
135 -29
136 -00:09:36,660 ~-~-> 00:09:39,210
137 -So I'm demoing on a demo.
138 -
139 -30
140 -00:09:44,370 ~-~-> 00:09:56,880
141 -But you guys see that same account the account history. I've been doing trades
142 -recently. So it's been a few days since it's been done but that's where I'm at,
143 -
144 -31
145 -00:09:57,450 ~-~-> 00:10:12,240
146 -to go back and look at my other screenshots and recordings, you'll see that that
147 -balance matches, nothing's changed. And that's a dual accountability folks.
148 -
149 -32
150 -00:10:12,870 ~-~-> 00:10:19,950
151 -Nothing to be afraid of, and nothing to be fearful of, unless you're losing. And
152 -people don't want to see that.
153 -
154 -33
155 -00:10:25,800 ~-~-> 00:10:41,970
156 -I'm typically on the sidelines till the third Tuesday. So I was waiting for the
157 -first two weeks of trade through on every year in January. And then I pick up my
158 -
159 -34
160 -00:10:41,970 ~-~-> 00:10:52,770
161 -actual interest in actual entries and such on the third Tuesday of every
162 -January, and then I go light, like a very, very light on leverage. And I just go
163 -
164 -35
165 -00:10:52,770 ~-~-> 00:10:54,150
166 -very, very slow.
167 -
168 -36
169 -00:10:59,520 ~-~-> 00:11:10,950
170 -I go very, very slow, with the amount of leverage until I get into February. And
171 -once I get into February, then I start working towards a normalized amount of
172 -
173 -37
174 -00:11:10,950 ~-~-> 00:11:19,050
175 -leverage. And by the fifth of February, I should be in the thick of things.
176 -
177 -38
178 -00:11:29,160 ~-~-> 00:11:47,400
179 -Again, note the unwillingness to want to go above 3580. We just went above these
180 -initial daily highs. And the theme is, markets been going higher, or cable, we
181 -
182 -39
183 -00:11:47,400 ~-~-> 00:12:00,720
184 -priced in a little bit of a rally in here, built a premium in on price and they
185 -sank it going into London, they ran it up, took the stops out about the initial
186 -
187 -40
188 -00:12:00,720 ~-~-> 00:12:11,640
189 -high of the day. And I would be looking for this thing to start working its way
190 -lower. Now because it's Friday, we could see a rather lackluster event as well,
191 -
192 -41
193 -00:12:12,180 ~-~-> 00:12:20,460
194 -you could just go right back to the middle of the range. And this is how you do
195 -that. Okay, assuming that this high is the high of the day, this is something
196 -
197 -42
198 -00:12:20,460 ~-~-> 00:12:32,250
199 -you do over the day. So equilibrium is right around here. So we could
200 -consolidate between 3555 and 3550. If it doesn't drop, I just don't see it going
201 -
202 -43
203 -00:12:32,250 ~-~-> 00:12:34,740
204 -higher and making higher highs of any significance.
205 -
206 -44
207 -00:13:10,500 ~-~-> 00:13:19,080
208 -I'm not sure I can't recall if I mentioned that or not. But I mentioned that I
209 -would I would be selling shorts. It was not nonfarm payroll Friday, at this
210 -
211 -45
212 -00:13:19,080 ~-~-> 00:13:30,060
213 -level here, and I would simply use a 20 PIP stop. By because 20 pips above this
214 -high, I'm already above that. So I don't think that 20 pips is going to be
215 -
216 -46
217 -00:13:30,060 ~-~-> 00:13:40,110
218 -necessary. They ran it right to that level, right on the heels of the release of
219 -the non farm payroll numbers. So I'd only be looking for a move lower. So if it
220 -
221 -47
222 -00:13:40,110 ~-~-> 00:13:51,450
223 -was not a run on those by stops, yet, then I would use like a 30 PIP stop loss.
224 -But because we've already essentially taken out device stops above that high. I
225 -
226 -48
227 -00:13:51,450 ~-~-> 00:13:55,320
228 -can just go 20 pips above my entry, which would be hypothetically here.
229 -
230 -49
231 -00:14:06,870 ~-~-> 00:14:14,400
232 -And some of you, you're probably wondering, well, if it goes down here and hits
233 -that 3520 level, why didn't you take the trade? It would be in you know, in your
234 -
235 -50
236 -00:14:14,400 ~-~-> 00:14:22,920
237 -account history, because it's not a day that I actually trade. And I'm
238 -practicing what I preach. I try to tell people don't even practice in your demo
239 -
240 -51
241 -00:14:22,920 ~-~-> 00:14:32,190
242 -one, and certainly don't want to trade with live funds, or non farm payrolls
243 -Friday, because the casino ride, it's a carnival ride. It's it's absolutely.
244 -
245 -52
246 -00:14:35,040 ~-~-> 00:14:43,050
247 -It's sometimes very volatile. And you might know what side of the marketplace it
248 -wants to run for, but doesn't necessarily mean it's going to go the opposite
249 -
250 -53
251 -00:14:43,050 ~-~-> 00:14:55,290
252 -direction right away either. So it can be really problematic for someone that
253 -wants to know, a direction. The theme of this particular event is take the stops
254 -
255 -54
256 -00:14:55,860 ~-~-> 00:15:04,350
257 -both sides of the marketplace if it's if it can be done. They'll take both
258 -sides. But I view non farm payroll as a means of upsetting the ones that are
259 -
260 -55
261 -00:15:04,350 ~-~-> 00:15:14,580
262 -going to stand to make the most money, post non farm payroll words, think of it
263 -as a Judas swing.
264 -
265 -56
266 -00:15:30,090 ~-~-> 00:15:57,390
267 -Now this portion of the video, I'm going to let it record, but it's going to be
268 -sped up sounds, we'll make a note of that video speed increased now. So that way
269 -
270 -57
271 -00:15:57,510 ~-~-> 00:16:12,240
272 -you guys know that what I'm doing is not any audio, I'm not talking right now I
273 -can't fill in the gaps later on. Okay, so once I stopped talking, it'll just be
274 -
275 -58
276 -00:16:12,240 ~-~-> 00:16:21,060
277 -recording the price action and then I'll come back when I take this off, then
278 -it'll be real time and then we'll assess what's already happened. But I think
279 -
280 -59
281 -00:16:21,090 ~-~-> 00:16:22,440
282 -ultimately, it's going to go down below
283 -
284 -60
285 -00:16:23,160 ~-~-> 00:17:56,520
286 -here. Okay, so I would be taking my stop down to plus five
287 -
288 -61
289 -00:18:02,880 ~-~-> 00:18:08,370
290 -in taking partial profits here. This is going to act as my stop.
291 -
292 -62
293 -00:18:14,130 ~-~-> 00:18:30,060
294 -Now I'd be banking 75% 80% of the position and leaving the rest on the see if I
295 -can get this stop around here to this was my hypothetical entry, but the high
296 -
297 -63
298 -00:18:31,770 ~-~-> 00:18:44,760
299 -order block retreated back to that. And now we've seen some acceleration on the
300 -downside, we do have a little bit of a water block in here, cable reach
301 -
302 -64
303 -00:18:44,790 ~-~-> 00:18:56,130
304 -equilibrium, which is what I measured earlier. So that's what I'm saying I would
305 -take that 75 80% off in this area here. That would be banked about 30 pips or so
306 -
307 -65
308 -00:18:57,300 ~-~-> 00:19:19,560
309 -and a stop at plus five. So allow me to have a chance see if any further erosion
310 -on price to get to that low. ideal scenario is for it to run to it before
311 -
312 -66
313 -00:19:20,520 ~-~-> 00:19:30,240
314 -10am 10:30am New York time. The longer it waits and lags, the less likely it
315 -will do that and will probably just stay right in the middle of the range for
316 -
317 -67
318 -00:19:30,240 ~-~-> 00:19:37,290
319 -the rest of the day. So I'll go back into speeding the video up now.
320 -
321 -68
322 -00:21:40,019 ~-~-> 00:21:49,499
323 -Alright folks, as you can see it's 11 o'clock in the morning, New York time. So
324 -I would be killing the trade here. Any open profits on my demo position would be
325 -
326 -69
327 -00:21:49,919 ~-~-> 00:22:00,329
328 -taken and any open position will be closed so there won't be any more likelihood
329 -for downside movement. And I'll just let you guys pan out the rest of the day
330 -
331 -70
332 -00:22:00,329 ~-~-> 00:22:04,649
333 -and see what has transpired but I will be out based on London close time
334 -parameters.