Changes for page ICT YT - 2018-01-17 - ICT January 17 2018.srt

on 2020-12-09 06:16


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... ... @@ -1,532 +1,109 @@ 1 -1 2 -00:00:11,580 ~-~-> 00:00:23,160 3 -ICT: Well, good afternoon, folks. This is a market review for January 17 2018. 4 -Real quick, the dollar index is dealing. Now we were watching for the breakdown 1 +(% class="hover min" %) 2 +|1 |00:00:11,580 ~-~-> 00:00:23,160 |ICT: Well, good afternoon, folks. This is a market review for January 17 2018. Real quick, the dollar index is dealing. Now we were watching for the breakdown 3 +|2 |00:00:23,190 ~-~-> 00:00:38,880 |on this market and one of the CRM below this low. I'm going to show you what we're anticipating even the highest open or close in this sling, drag it down 4 +|3 |00:00:38,880 ~-~-> 00:00:58,440 |into its lowest open or close right here and gives us a target one level, you can see that did in fact cause a nice little bounce so far today. Not a terrible 5 +|4 |00:00:58,440 ~-~-> 00:01:09,030 |amount of pips or move. But noteworthy nonetheless. So we're going to take that off. And you see that notation here. We did sweet through it. Now we're trying 6 +|5 |00:01:09,030 ~-~-> 00:01:21,750 |to most likely reach back up, either retest this low or come back up into these equal lows here. Okay, so that might be a catalyst. So we'll look for what's to 7 +|6 |00:01:21,750 ~-~-> 00:01:40,230 |close on that 9132. And low on this candle comes in 9138. So we could look forward to run back up to 9130 to 9135. That could be an area of short term 8 +|7 |00:01:40,260 ~-~-> 00:01:50,460 |resistance and then maybe see another round of selling or how we come back above this low will be indicative of whether or not we want to see unchallenging of 9 +|8 |00:01:50,460 ~-~-> 00:02:02,550 |this short term high here. Okay. So right now, we're looking for slightly very, very, very short term bullish dollar. It's only in the form of a retracement, 10 +|9 |00:02:02,580 ~-~-> 00:02:12,180 |I'm not trying to pick the bottom or the low here. But I want to see it try to get back up into the 9130 to 9135 level ideally, it could hit just a 91 big 11 +|10 |00:02:12,180 ~-~-> 00:02:20,910 |figure and stopped dead in its tracks there but but you trade both 9130 I'm sorry, 91. Big figure. I'm thinking 9130 is probably where we're going to reach 12 +|11 |00:02:20,910 ~-~-> 00:02:40,680 |for so let's go over to the euro dollar. So the euro dollar we had a target of or like they'd rather I shared it on Twitter. Let's look for 122 32 and it's 13 +|12 |00:02:40,680 ~-~-> 00:02:51,030 |gone well beyond that. So the equal highs here. Nice little retracement back into weekly bullish order block. rallied away. Nice big expansion and treated to 14 +|13 |00:02:51,030 ~-~-> 00:03:06,510 |a high today. 2322. Okay, so nice little movement here. 101 pips beyond what I was looking for, which is typical for daily chart. Let's go into a smaller 15 +|14 |00:03:06,510 ~-~-> 00:03:24,810 |timeframe on an hourly eurodollar. It's a fiber one hour chart. And we have this low here and an equal low. So we'll be looking for that move here. So for swing 16 +|15 |00:03:24,810 ~-~-> 00:03:38,700 |projection of the see if we get any confluence of this swing with anything. Alright, so we have an order block and symmetrical price swing around the 2130 17 +|16 |00:03:38,700 ~-~-> 00:03:47,220 |level. So we'll be looking for that as a potential downside objective if focusing on this bullish order block right there. So that's what we're probably 18 +|17 |00:03:47,220 ~-~-> 00:04:01,440 |going to see maybe. So we'll have this noted. And it's going to use the top of the block itself, and then just keep that your notes could see as low as 2130. 19 +|18 |00:04:02,550 ~-~-> 00:04:13,290 |But for the sake of the charting is identifying the order block itself, we're looking at 2146 It looks like to see what the open knows that you're 2147 so 20 +|19 |00:04:13,290 ~-~-> 00:04:25,380 |it's good enough for government work. Okay, so we'll look for that. And man, nice little rejection about these equal highs right here, price came down, right 21 +|20 |00:04:25,380 ~-~-> 00:04:29,250 |into otherwise be in optimal trade entry. fee what that looks like. 22 +|21 |00:04:34,410 ~-~-> 00:04:45,300 |High super close, lowest open and close right there. Nice little reaction there. And then we look for, again, confluence of target to overlapping. So we have 23 +|22 |00:04:45,300 ~-~-> 00:04:55,530 |several things overlapping a bullshitter block the swing projection from this high to this low. We have a nice symmetrical price swing. And now we have target 24 +|23 |00:04:55,530 ~-~-> 00:05:06,300 |to using the statement optimal trade entry. So we'll be looking for that level here. So 2145 is the objective. Alright, so we're gonna go to cable. All right, 25 +|24 |00:05:06,300 ~-~-> 00:05:18,090 |this one here, I want to go over to daily effects just to pull up my next week. I'll make you wait for that one. I'll show it to you in a minute. But we saw 26 +|25 |00:05:19,500 ~-~-> 00:05:33,210 |British Pound trade up to a high today of 3943. And, and I was looking for the market that want to trade below this low today. And I say as long as we stay 27 +|26 |00:05:33,210 ~-~-> 00:05:43,980 |below 138 20, we'll be looking for that. And actually didn't do that actually broke back above and gave me a small little market structure shift right in 28 +|27 |00:05:43,980 ~-~-> 00:05:51,990 |here. So when this high was broken, I changed gears. Now I know I didn't share it with you openly on Twitter. But you guys watch by way of my execution, you 29 +|28 |00:05:51,990 ~-~-> 00:06:00,690 |see my entries and such if you go on Twitter, you'll see the the entry points and all that when I was acting on was a bullhorn block and expansion away from 30 +|29 |00:06:00,690 ~-~-> 00:06:13,260 |that. And using the weekly objective that I talked about several different times on my YouTube channel and on several instances on Twitter. So let me apply all 31 +|30 |00:06:13,260 ~-~-> 00:06:23,370 |that information. And we'll change the chart and show you what that looks like. Alright, so we're looking at the British Pound on the 15 minute timeframe. This 32 +|31 |00:06:23,370 ~-~-> 00:06:34,440 |is midnight, New York time. So we have a little bit of Judas swinging here. Admittedly, I didn't like anything over here to draw off of for a setup, I 33 +|32 |00:06:34,440 ~-~-> 00:06:43,890 |wasn't really looking for anything to go long here. I would rather had it trade down below the low here and had it done that I would have went long for that. 34 +|33 |00:06:43,890 ~-~-> 00:06:52,620 |But we didn't get it. And it's nothing really in here that's strong enough that I can zero Wednesday. Okay, that's the level I want. So that's why I was more 35 +|34 |00:06:52,650 ~-~-> 00:07:01,350 |inclined to wait for the trade below that low, I was gonna pick up any sell stop rate, with the anticipation of running to the 138 65 level now 138 65, it's 36 +|35 |00:07:01,350 ~-~-> 00:07:11,730 |gonna feel like where'd that number come from? Where's that level? What's the significance for it? Well, it's on a weekly chart. And if we go to daily FX, 37 +|36 |00:07:11,730 ~-~-> 00:07:22,470 |just for a second, here's the old lows back in here. And we're gonna look at this candle right here. And look at the close, okay, wants to close in here, 38 +|37 |00:07:22,470 ~-~-> 00:07:32,640 |because that's what I'm focusing on the body of that candle 138 66 and a half. Okay, so 138 66 and a half. If we're coming up to that level, what level we're 39 +|38 |00:07:32,640 ~-~-> 00:07:44,340 |gonna be focusing on 138 6138 65. That's how we run our low levels to institutional. Alright, so here we are back here. And now, since we had this 40 +|39 |00:07:44,340 ~-~-> 00:07:55,200 |short term high, that I was anticipating really, the market to go lower. And again, I did not want to fade the higher timeframe momentum. So this move here, 41 +|40 |00:07:55,560 ~-~-> 00:08:04,650 |while I was talking about on Twitter, saying we could probably make this run on this low here. And removal of here. It's not a trade I was looking to take. And 42 +|41 |00:08:04,650 ~-~-> 00:08:13,440 |it didn't break down. It started to go down a little bit, but then it came back up and snapped through it. So in here, price rally again. So while I was looking 43 +|42 |00:08:13,440 ~-~-> 00:08:22,890 |for as a retracement back, I wanted to see it come back down in. And I actually missed an ideal scenario actually get into it a little bit better. So let's use 44 +|43 |00:08:22,890 ~-~-> 00:08:36,630 |it on an expansion basis. We already had a swing low form here. So I'm okay with so anticipated, at least I run up into that 130 65. So with 138 65 is the draw 45 +|44 |00:08:37,230 ~-~-> 00:08:47,130 |138 50 even would have been really easy to get to. And that's what I was trying to aim for, for a little bit of a scalp. And we ended up blowing through it a 46 +|45 |00:08:47,130 ~-~-> 00:08:57,960 |lot more. In all this move here. I was not able to participate in any of that. I missed all that stuff. So the highest expectation I had for today's intraday 47 +|46 |00:08:57,960 ~-~-> 00:09:09,030 |range was 138 50. And I thought overnight, we would probably see something like this going into London, and maybe even have a little bit higher move trade in 48 +|47 |00:09:09,030 ~-~-> 00:09:14,760 |New York, but we didn't get so nonetheless, I was looking for that expansion 49 +|48 |00:09:16,230 ~-~-> 00:09:26,070 |saw the expansion but ended up getting way more inside of the price action than I first thought would get in today's daily range. And we can see how the market 50 +|49 |00:09:26,070 ~-~-> 00:09:37,770 |has now responded off of that. So watch in here. Okay, in a nice little rally up we retrace now. This is the level I want to watch going forward. Now by the time 51 +|50 |00:09:37,770 ~-~-> 00:09:46,500 |you get this video, which is good because I don't want you going on my commentary as trade advice because it's not meant to do that. It's just to 52 +|51 |00:09:46,500 ~-~-> 00:09:54,240 |stimulate your thinking. So this is a potential order block and here, it could trade down through the low and then we would have to watch this one here and I 53 +|52 |00:09:54,240 ~-~-> 00:10:03,090 |already know what some of you're thinking well which one do I use Michael in the mentorship I go over the ones that You'll look for, but I'm giving you free 54 +|53 |00:10:03,870 ~-~-> 00:10:16,050 |tutorial level content here. So just be happy with that. Okay, so in here, this might get a reaction. And where we look for is we want to see potentially a run 55 +|54 |00:10:16,080 ~-~-> 00:10:29,880 |up into, let's see, we could see the 139 big figure right in here that could be retested right there. Okay, so that's a nice little level to look for. So if we 56 +|55 |00:10:29,880 ~-~-> 00:10:37,620 |get a bounce in here, you can study this, in hindsight, or if you get to the end time, is still hanging around down here, you can just pay for trading idea, do 57 +|56 |00:10:37,620 ~-~-> 00:10:46,230 |not put my money on this. Don't, don't do that. Okay, it's not what I'm doing here, I want you to kind of like, weigh out which one of these levels gives you 58 +|57 |00:10:46,230 ~-~-> 00:10:55,500 |a reaction, neither one of them may even factor in do that, because that's the nature of things like I got stopped out on my eurodollar trade yesterday, I had 59 +|58 |00:10:55,500 ~-~-> 00:11:05,610 |to go back and do it again. But long short, this may be a catalyst for a little bit of a bounce up into 39, big figure, what would be nice is the trade up 60 +|59 |00:11:05,610 ~-~-> 00:11:15,120 |through that 138 65 level, come back, find some support there, remember that weekly, low, and then reach back up in here and hit that 139 day figure, maybe 61 +|60 |00:11:15,120 ~-~-> 00:11:27,450 |even tag 139 10? Just to get through that big figure one more time as a sweep? And then what we do between? And then price goes, who knows? And that's gonna be 62 +|61 |00:11:27,450 ~-~-> 00:11:39,780 |it for forex. I want to go over to crypto, I promise I'd go over that real quick. Alright, so we have Bitcoin here. And we traded below the 12,000. Mark. 63 +|62 |00:11:40,350 ~-~-> 00:11:50,610 |And I said, if we got below 12,000, we would trade below 10,000. We did get below 10,000. Trade a little low of see what that is? That's 9017 thinking, yep. 64 +|63 |00:11:50,610 ~-~-> 00:12:04,320 |9017 was the low on this particular cryptocurrency. And we have a little bit of a bounce in here. Now, I don't personally feel again, this is from a stance that 65 +|64 |00:12:04,320 ~-~-> 00:12:15,450 |I don't have any skin in the race on this, like so I can be very objective about my opinion, and why I feel that certain things may not happen because I don't 66 +|65 |00:12:15,450 ~-~-> 00:12:24,930 |have any skin in the race. Okay. And some of you may say, Well, you know, really, your opinion shouldn't be considered because you're not actively trading 67 +|66 |00:12:24,930 ~-~-> 00:12:35,130 |it in, I guess, in some way, shape or form. I would agree. But I'm just supplying it because I'm asked for it. But I would say this, because I don't 68 +|67 |00:12:35,130 ~-~-> 00:12:44,430 |have anything in the race. I'm objective about what I see in price. folks that are you holding on for dear life, they're only going to want to see what 69 +|68 |00:12:45,390 ~-~-> 00:12:54,930 |satisfies that urge to justify being in there holding on to it long enough, pretty much challenge all of you since the first or second week of December, in 70 +|69 |00:12:54,930 ~-~-> 00:13:02,970 |regards to why I don't think that's actually a good idea. And you can see where we went to. So I'm not here trying to tell you, I told you so type thing, I just 71 +|70 |00:13:03,330 ~-~-> 00:13:13,200 |think that it's probably beneficial to listen to someone that doesn't have anything in it to lose. So that way, I really don't. I don't trade it. I don't 72 +|71 |00:13:13,200 ~-~-> 00:13:23,400 |want to trade it in the future either. So I don't have anything really to gain from it. Except for studying whether or not my materials either in price action 73 +|72 |00:13:23,400 ~-~-> 00:13:31,980 |or it's not. So far I've seen it. And I think I've pretty much illustrated that to a tee. Do I see it as a buy? Personally, I would if I was trading this type 74 +|73 |00:13:31,980 ~-~-> 00:13:40,860 |of market, I would not be buying it now. But that's not an advertisement for you to follow me in, in what I would do or wouldn't do. And the same, because I'm 75 +|74 |00:13:40,860 ~-~-> 00:13:49,590 |asked this is what I'm thinking, because I'm actively trading it. And I'm not telling you what to do with your money. It's just my opinion. So 76 +|75 |00:13:51,120 ~-~-> 00:13:59,940 |do I think it's going to go lower? I think it can. And I think it will ultimately want to reach down into the 1000 to 5000. Mark. I think we're all so 77 +|76 |00:13:59,940 ~-~-> 00:14:09,000 |mentally where we're going to reach for what's the timeframe for that? I don't know, I really don't know, at this point, it's already hit the levels that I 78 +|77 |00:14:09,000 ~-~-> 00:14:18,570 |would feel comfortable with trading it. Now it might get really crazy, and it could have all kinds of spiky moves. And it would be really, you know, 79 +|78 |00:14:19,560 ~-~-> 00:14:28,230 |uncharacteristic for me to be operating in something like that. So at this moment, I would be on the sidelines and when neither look for the go lower rate 80 +|79 |00:14:28,260 ~-~-> 00:14:38,190 |from here or go higher, I would be neutral. And those instances sometimes occur in my analysis. And it's, you know, it sounds like well, you should know, well, 81 +|80 |00:14:38,190 ~-~-> 00:14:45,690 |no, you shouldn't know all the time you're not going to so I know when I'm looking for something. If those elements are not in price action, then I have to 82 +|81 |00:14:45,690 ~-~-> 00:14:53,130 |wait for those things to come to fruition if they don't materialize and there's nothing I can do. I don't want to be gambling. I don't want to give you advice 83 +|82 |00:14:53,130 ~-~-> 00:15:06,210 |about studying and practicing price action that won't be fruitful for you. Okay, let's take a look at risk. And we will be done. So let's go here to ripple. And 84 +|83 |00:15:06,210 ~-~-> 00:15:17,460 |here we go. Alright, so we had several levels here, breach on the downside, identified around below these lows in here, and it basically the 90 level. And 85 +|84 |00:15:17,460 ~-~-> 00:15:24,960 |we had that sweet down to two times. And then now we have a little bit of a pop in here saying question here, do I think it's going to go higher? No, I don't 86 +|85 |00:15:24,960 ~-~-> 00:15:36,660 |think it would be a buy for you studying in price action. Again, it's not. It's not civilization for you to go in buying or shorting anything I'm saying, but I 87 +|86 |00:15:36,660 ~-~-> 00:15:46,440 |still see a market maker. So model here. And the way I see it is is we have consolidation in here. Price has left it come back down into it rallied away, re 88 +|87 |00:15:46,440 ~-~-> 00:15:55,980 |accumulation, smartly reversal, lower sell distribution, redistribution where I said it was gonna happen. And we're down here in the original consolidation 89 +|88 |00:15:55,980 ~-~-> 00:16:03,810 |again. So I think we're seeing just a rally one more time, just to create another opportunity to sell off and go down below 60 cents. And I know that 90 +|89 |00:16:03,810 ~-~-> 00:16:13,890 |probably doesn't feel good to hear that. But that's my opinion. Okay, so what's the timeframe for that? Again, I don't know. But I do not believe that. It's 91 +|90 |00:16:13,890 ~-~-> 00:16:23,400 |something that you should be buying and holding on to for dear life. If it were me, I wouldn't be doing it. Now. I'm only speaking from the stance of a paper 92 +|91 |00:16:23,400 ~-~-> 00:16:32,160 |trader or a demo traitor, for the purpose of studying price action. So take it for what it's worth, which is absolutely nothing. Okay. It's not trading advice. 93 +|92 |00:16:32,310 ~-~-> 00:16:41,520 |It's for you, to stimulate you in terms of your decision making and your studying practices. And hopefully, that's going to be good enough for today. And 94 +|93 |00:16:41,520 ~-~-> 00:16:53,100 |until I talk to you again, I wish you good luck, good trading. Today, I'm trying to kind of close that window for folks that are looking to sign up. There has 95 +|94 |00:16:53,100 ~-~-> 00:17:00,690 |been a hiccup with all the emails I've been trying to send out because the platform I used like this continue to ask for a refund for the service I 96 +|95 |00:17:00,690 ~-~-> 00:17:09,630 |explained. And I shared the emails you guys sent me saying the links weren't working. So they were very helpful in that regard. So I use a different 97 +|96 |00:17:11,160 ~-~-> 00:17:20,460 |services, MailChimp, which I know it sounds funny, but actually seems pretty easy to use. So that's what I'm using right now to get everyone that's looking 98 +|97 |00:17:20,460 ~-~-> 00:17:29,730 |to get the enrollment done for January, if you can't be a part of the January enrollment. It's not closing, it's just giving me a window opportunity to get 99 +|98 |00:17:29,730 ~-~-> 00:17:37,470 |these people in the group. And then again, the second week of February, I'll open up enrollment again, for folks that couldn't get in January. And every 100 +|99 |00:17:37,470 ~-~-> 00:17:44,340 |month we'll do the same way. Same thing, usually like the second week of it each month, that'll give me an opportunity to get folks that want to come into the 101 +|100 |00:17:44,340 ~-~-> 00:17:51,480 |mentorship, they can join, it just means you'll be one or two months behind whenever it's you know, your starting point, just that's how far you'll behind 102 +|101 |00:17:52,230 ~-~-> 00:18:00,480 |from everyone else in front of you. Alright, so don't feel like you're being kept out or locked out or missing the boat. And just trying to do small little, 103 +|102 |00:18:00,540 ~-~-> 00:18:08,760 |there's a lot of you want to come in. And I had a lot of you respond. But thankfully, only several 100 of you are actually on the list right now that 104 +|103 |00:18:08,760 ~-~-> 00:18:16,890 |might change because you're Johnny come lately waiting to the last minute. But I want to make sure that everyone is in because tomorrow, I'm actually sending out 105 +|104 |00:18:16,890 ~-~-> 00:18:26,730 |the digital signatures you have to sign when I get those digital signatures back that you agree to the terms of use, and that refund policy. All of the things 106 +|105 |00:18:26,730 ~-~-> 00:18:34,470 |that go along with the service. Understand that it's teaching price action, it's not trade advice. We do demo account only. When you agree all that stuff. When I 107 +|106 |00:18:34,470 ~-~-> 00:18:42,630 |get that back in a digital signature, then I respond back to that with the instructions to send payment to me. Okay, that's the process and how it goes. So 108 +|107 |00:18:42,630 ~-~-> 00:18:46,530 |if let's answer your question, and until I talk to you next time, I wish you good luck and good trading 5 5 6 -2 7 -00:00:23,190 ~-~-> 00:00:38,880 8 -on this market and one of the CRM below this low. I'm going to show you what 9 -we're anticipating even the highest open or close in this sling, drag it down 10 - 11 -3 12 -00:00:38,880 ~-~-> 00:00:58,440 13 -into its lowest open or close right here and gives us a target one level, you 14 -can see that did in fact cause a nice little bounce so far today. Not a terrible 15 - 16 -4 17 -00:00:58,440 ~-~-> 00:01:09,030 18 -amount of pips or move. But noteworthy nonetheless. So we're going to take that 19 -off. And you see that notation here. We did sweet through it. Now we're trying 20 - 21 -5 22 -00:01:09,030 ~-~-> 00:01:21,750 23 -to most likely reach back up, either retest this low or come back up into these 24 -equal lows here. Okay, so that might be a catalyst. So we'll look for what's to 25 - 26 -6 27 -00:01:21,750 ~-~-> 00:01:40,230 28 -close on that 9132. And low on this candle comes in 9138. So we could look 29 -forward to run back up to 9130 to 9135. That could be an area of short term 30 - 31 -7 32 -00:01:40,260 ~-~-> 00:01:50,460 33 -resistance and then maybe see another round of selling or how we come back above 34 -this low will be indicative of whether or not we want to see unchallenging of 35 - 36 -8 37 -00:01:50,460 ~-~-> 00:02:02,550 38 -this short term high here. Okay. So right now, we're looking for slightly very, 39 -very, very short term bullish dollar. It's only in the form of a retracement, 40 - 41 -9 42 -00:02:02,580 ~-~-> 00:02:12,180 43 -I'm not trying to pick the bottom or the low here. But I want to see it try to 44 -get back up into the 9130 to 9135 level ideally, it could hit just a 91 big 45 - 46 -10 47 -00:02:12,180 ~-~-> 00:02:20,910 48 -figure and stopped dead in its tracks there but but you trade both 9130 I'm 49 -sorry, 91. Big figure. I'm thinking 9130 is probably where we're going to reach 50 - 51 -11 52 -00:02:20,910 ~-~-> 00:02:40,680 53 -for so let's go over to the euro dollar. So the euro dollar we had a target of 54 -or like they'd rather I shared it on Twitter. Let's look for 122 32 and it's 55 - 56 -12 57 -00:02:40,680 ~-~-> 00:02:51,030 58 -gone well beyond that. So the equal highs here. Nice little retracement back 59 -into weekly bullish order block. rallied away. Nice big expansion and treated to 60 - 61 -13 62 -00:02:51,030 ~-~-> 00:03:06,510 63 -a high today. 2322. Okay, so nice little movement here. 101 pips beyond what I 64 -was looking for, which is typical for daily chart. Let's go into a smaller 65 - 66 -14 67 -00:03:06,510 ~-~-> 00:03:24,810 68 -timeframe on an hourly eurodollar. It's a fiber one hour chart. And we have this 69 -low here and an equal low. So we'll be looking for that move here. So for swing 70 - 71 -15 72 -00:03:24,810 ~-~-> 00:03:38,700 73 -projection of the see if we get any confluence of this swing with anything. 74 -Alright, so we have an order block and symmetrical price swing around the 2130 75 - 76 -16 77 -00:03:38,700 ~-~-> 00:03:47,220 78 -level. So we'll be looking for that as a potential downside objective if 79 -focusing on this bullish order block right there. So that's what we're probably 80 - 81 -17 82 -00:03:47,220 ~-~-> 00:04:01,440 83 -going to see maybe. So we'll have this noted. And it's going to use the top of 84 -the block itself, and then just keep that your notes could see as low as 2130. 85 - 86 -18 87 -00:04:02,550 ~-~-> 00:04:13,290 88 -But for the sake of the charting is identifying the order block itself, we're 89 -looking at 2146 It looks like to see what the open knows that you're 2147 so 90 - 91 -19 92 -00:04:13,290 ~-~-> 00:04:25,380 93 -it's good enough for government work. Okay, so we'll look for that. And man, 94 -nice little rejection about these equal highs right here, price came down, right 95 - 96 -20 97 -00:04:25,380 ~-~-> 00:04:29,250 98 -into otherwise be in optimal trade entry. fee what that looks like. 99 - 100 -21 101 -00:04:34,410 ~-~-> 00:04:45,300 102 -High super close, lowest open and close right there. Nice little reaction there. 103 -And then we look for, again, confluence of target to overlapping. So we have 104 - 105 -22 106 -00:04:45,300 ~-~-> 00:04:55,530 107 -several things overlapping a bullshitter block the swing projection from this 108 -high to this low. We have a nice symmetrical price swing. And now we have target 109 - 110 -23 111 -00:04:55,530 ~-~-> 00:05:06,300 112 -to using the statement optimal trade entry. So we'll be looking for that level 113 -here. So 2145 is the objective. Alright, so we're gonna go to cable. All right, 114 - 115 -24 116 -00:05:06,300 ~-~-> 00:05:18,090 117 -this one here, I want to go over to daily effects just to pull up my next week. 118 -I'll make you wait for that one. I'll show it to you in a minute. But we saw 119 - 120 -25 121 -00:05:19,500 ~-~-> 00:05:33,210 122 -British Pound trade up to a high today of 3943. And, and I was looking for the 123 -market that want to trade below this low today. And I say as long as we stay 124 - 125 -26 126 -00:05:33,210 ~-~-> 00:05:43,980 127 -below 138 20, we'll be looking for that. And actually didn't do that actually 128 -broke back above and gave me a small little market structure shift right in 129 - 130 -27 131 -00:05:43,980 ~-~-> 00:05:51,990 132 -here. So when this high was broken, I changed gears. Now I know I didn't share 133 -it with you openly on Twitter. But you guys watch by way of my execution, you 134 - 135 -28 136 -00:05:51,990 ~-~-> 00:06:00,690 137 -see my entries and such if you go on Twitter, you'll see the the entry points 138 -and all that when I was acting on was a bullhorn block and expansion away from 139 - 140 -29 141 -00:06:00,690 ~-~-> 00:06:13,260 142 -that. And using the weekly objective that I talked about several different times 143 -on my YouTube channel and on several instances on Twitter. So let me apply all 144 - 145 -30 146 -00:06:13,260 ~-~-> 00:06:23,370 147 -that information. And we'll change the chart and show you what that looks like. 148 -Alright, so we're looking at the British Pound on the 15 minute timeframe. This 149 - 150 -31 151 -00:06:23,370 ~-~-> 00:06:34,440 152 -is midnight, New York time. So we have a little bit of Judas swinging here. 153 -Admittedly, I didn't like anything over here to draw off of for a setup, I 154 - 155 -32 156 -00:06:34,440 ~-~-> 00:06:43,890 157 -wasn't really looking for anything to go long here. I would rather had it trade 158 -down below the low here and had it done that I would have went long for that. 159 - 160 -33 161 -00:06:43,890 ~-~-> 00:06:52,620 162 -But we didn't get it. And it's nothing really in here that's strong enough that 163 -I can zero Wednesday. Okay, that's the level I want. So that's why I was more 164 - 165 -34 166 -00:06:52,650 ~-~-> 00:07:01,350 167 -inclined to wait for the trade below that low, I was gonna pick up any sell stop 168 -rate, with the anticipation of running to the 138 65 level now 138 65, it's 169 - 170 -35 171 -00:07:01,350 ~-~-> 00:07:11,730 172 -gonna feel like where'd that number come from? Where's that level? What's the 173 -significance for it? Well, it's on a weekly chart. And if we go to daily FX, 174 - 175 -36 176 -00:07:11,730 ~-~-> 00:07:22,470 177 -just for a second, here's the old lows back in here. And we're gonna look at 178 -this candle right here. And look at the close, okay, wants to close in here, 179 - 180 -37 181 -00:07:22,470 ~-~-> 00:07:32,640 182 -because that's what I'm focusing on the body of that candle 138 66 and a half. 183 -Okay, so 138 66 and a half. If we're coming up to that level, what level we're 184 - 185 -38 186 -00:07:32,640 ~-~-> 00:07:44,340 187 -gonna be focusing on 138 6138 65. That's how we run our low levels to 188 -institutional. Alright, so here we are back here. And now, since we had this 189 - 190 -39 191 -00:07:44,340 ~-~-> 00:07:55,200 192 -short term high, that I was anticipating really, the market to go lower. And 193 -again, I did not want to fade the higher timeframe momentum. So this move here, 194 - 195 -40 196 -00:07:55,560 ~-~-> 00:08:04,650 197 -while I was talking about on Twitter, saying we could probably make this run on 198 -this low here. And removal of here. It's not a trade I was looking to take. And 199 - 200 -41 201 -00:08:04,650 ~-~-> 00:08:13,440 202 -it didn't break down. It started to go down a little bit, but then it came back 203 -up and snapped through it. So in here, price rally again. So while I was looking 204 - 205 -42 206 -00:08:13,440 ~-~-> 00:08:22,890 207 -for as a retracement back, I wanted to see it come back down in. And I actually 208 -missed an ideal scenario actually get into it a little bit better. So let's use 209 - 210 -43 211 -00:08:22,890 ~-~-> 00:08:36,630 212 -it on an expansion basis. We already had a swing low form here. So I'm okay with 213 -so anticipated, at least I run up into that 130 65. So with 138 65 is the draw 214 - 215 -44 216 -00:08:37,230 ~-~-> 00:08:47,130 217 -138 50 even would have been really easy to get to. And that's what I was trying 218 -to aim for, for a little bit of a scalp. And we ended up blowing through it a 219 - 220 -45 221 -00:08:47,130 ~-~-> 00:08:57,960 222 -lot more. In all this move here. I was not able to participate in any of that. I 223 -missed all that stuff. So the highest expectation I had for today's intraday 224 - 225 -46 226 -00:08:57,960 ~-~-> 00:09:09,030 227 -range was 138 50. And I thought overnight, we would probably see something like 228 -this going into London, and maybe even have a little bit higher move trade in 229 - 230 -47 231 -00:09:09,030 ~-~-> 00:09:14,760 232 -New York, but we didn't get so nonetheless, I was looking for that expansion 233 - 234 -48 235 -00:09:16,230 ~-~-> 00:09:26,070 236 -saw the expansion but ended up getting way more inside of the price action than 237 -I first thought would get in today's daily range. And we can see how the market 238 - 239 -49 240 -00:09:26,070 ~-~-> 00:09:37,770 241 -has now responded off of that. So watch in here. Okay, in a nice little rally up 242 -we retrace now. This is the level I want to watch going forward. Now by the time 243 - 244 -50 245 -00:09:37,770 ~-~-> 00:09:46,500 246 -you get this video, which is good because I don't want you going on my 247 -commentary as trade advice because it's not meant to do that. It's just to 248 - 249 -51 250 -00:09:46,500 ~-~-> 00:09:54,240 251 -stimulate your thinking. So this is a potential order block and here, it could 252 -trade down through the low and then we would have to watch this one here and I 253 - 254 -52 255 -00:09:54,240 ~-~-> 00:10:03,090 256 -already know what some of you're thinking well which one do I use Michael in the 257 -mentorship I go over the ones that You'll look for, but I'm giving you free 258 - 259 -53 260 -00:10:03,870 ~-~-> 00:10:16,050 261 -tutorial level content here. So just be happy with that. Okay, so in here, this 262 -might get a reaction. And where we look for is we want to see potentially a run 263 - 264 -54 265 -00:10:16,080 ~-~-> 00:10:29,880 266 -up into, let's see, we could see the 139 big figure right in here that could be 267 -retested right there. Okay, so that's a nice little level to look for. So if we 268 - 269 -55 270 -00:10:29,880 ~-~-> 00:10:37,620 271 -get a bounce in here, you can study this, in hindsight, or if you get to the end 272 -time, is still hanging around down here, you can just pay for trading idea, do 273 - 274 -56 275 -00:10:37,620 ~-~-> 00:10:46,230 276 -not put my money on this. Don't, don't do that. Okay, it's not what I'm doing 277 -here, I want you to kind of like, weigh out which one of these levels gives you 278 - 279 -57 280 -00:10:46,230 ~-~-> 00:10:55,500 281 -a reaction, neither one of them may even factor in do that, because that's the 282 -nature of things like I got stopped out on my eurodollar trade yesterday, I had 283 - 284 -58 285 -00:10:55,500 ~-~-> 00:11:05,610 286 -to go back and do it again. But long short, this may be a catalyst for a little 287 -bit of a bounce up into 39, big figure, what would be nice is the trade up 288 - 289 -59 290 -00:11:05,610 ~-~-> 00:11:15,120 291 -through that 138 65 level, come back, find some support there, remember that 292 -weekly, low, and then reach back up in here and hit that 139 day figure, maybe 293 - 294 -60 295 -00:11:15,120 ~-~-> 00:11:27,450 296 -even tag 139 10? Just to get through that big figure one more time as a sweep? 297 -And then what we do between? And then price goes, who knows? And that's gonna be 298 - 299 -61 300 -00:11:27,450 ~-~-> 00:11:39,780 301 -it for forex. I want to go over to crypto, I promise I'd go over that real 302 -quick. Alright, so we have Bitcoin here. And we traded below the 12,000. Mark. 303 - 304 -62 305 -00:11:40,350 ~-~-> 00:11:50,610 306 -And I said, if we got below 12,000, we would trade below 10,000. We did get 307 -below 10,000. Trade a little low of see what that is? That's 9017 thinking, yep. 308 - 309 -63 310 -00:11:50,610 ~-~-> 00:12:04,320 311 -9017 was the low on this particular cryptocurrency. And we have a little bit of 312 -a bounce in here. Now, I don't personally feel again, this is from a stance that 313 - 314 -64 315 -00:12:04,320 ~-~-> 00:12:15,450 316 -I don't have any skin in the race on this, like so I can be very objective about 317 -my opinion, and why I feel that certain things may not happen because I don't 318 - 319 -65 320 -00:12:15,450 ~-~-> 00:12:24,930 321 -have any skin in the race. Okay. And some of you may say, Well, you know, 322 -really, your opinion shouldn't be considered because you're not actively trading 323 - 324 -66 325 -00:12:24,930 ~-~-> 00:12:35,130 326 -it in, I guess, in some way, shape or form. I would agree. But I'm just 327 -supplying it because I'm asked for it. But I would say this, because I don't 328 - 329 -67 330 -00:12:35,130 ~-~-> 00:12:44,430 331 -have anything in the race. I'm objective about what I see in price. folks that 332 -are you holding on for dear life, they're only going to want to see what 333 - 334 -68 335 -00:12:45,390 ~-~-> 00:12:54,930 336 -satisfies that urge to justify being in there holding on to it long enough, 337 -pretty much challenge all of you since the first or second week of December, in 338 - 339 -69 340 -00:12:54,930 ~-~-> 00:13:02,970 341 -regards to why I don't think that's actually a good idea. And you can see where 342 -we went to. So I'm not here trying to tell you, I told you so type thing, I just 343 - 344 -70 345 -00:13:03,330 ~-~-> 00:13:13,200 346 -think that it's probably beneficial to listen to someone that doesn't have 347 -anything in it to lose. So that way, I really don't. I don't trade it. I don't 348 - 349 -71 350 -00:13:13,200 ~-~-> 00:13:23,400 351 -want to trade it in the future either. So I don't have anything really to gain 352 -from it. Except for studying whether or not my materials either in price action 353 - 354 -72 355 -00:13:23,400 ~-~-> 00:13:31,980 356 -or it's not. So far I've seen it. And I think I've pretty much illustrated that 357 -to a tee. Do I see it as a buy? Personally, I would if I was trading this type 358 - 359 -73 360 -00:13:31,980 ~-~-> 00:13:40,860 361 -of market, I would not be buying it now. But that's not an advertisement for you 362 -to follow me in, in what I would do or wouldn't do. And the same, because I'm 363 - 364 -74 365 -00:13:40,860 ~-~-> 00:13:49,590 366 -asked this is what I'm thinking, because I'm actively trading it. And I'm not 367 -telling you what to do with your money. It's just my opinion. So 368 - 369 -75 370 -00:13:51,120 ~-~-> 00:13:59,940 371 -do I think it's going to go lower? I think it can. And I think it will 372 -ultimately want to reach down into the 1000 to 5000. Mark. I think we're all so 373 - 374 -76 375 -00:13:59,940 ~-~-> 00:14:09,000 376 -mentally where we're going to reach for what's the timeframe for that? I don't 377 -know, I really don't know, at this point, it's already hit the levels that I 378 - 379 -77 380 -00:14:09,000 ~-~-> 00:14:18,570 381 -would feel comfortable with trading it. Now it might get really crazy, and it 382 -could have all kinds of spiky moves. And it would be really, you know, 383 - 384 -78 385 -00:14:19,560 ~-~-> 00:14:28,230 386 -uncharacteristic for me to be operating in something like that. So at this 387 -moment, I would be on the sidelines and when neither look for the go lower rate 388 - 389 -79 390 -00:14:28,260 ~-~-> 00:14:38,190 391 -from here or go higher, I would be neutral. And those instances sometimes occur 392 -in my analysis. And it's, you know, it sounds like well, you should know, well, 393 - 394 -80 395 -00:14:38,190 ~-~-> 00:14:45,690 396 -no, you shouldn't know all the time you're not going to so I know when I'm 397 -looking for something. If those elements are not in price action, then I have to 398 - 399 -81 400 -00:14:45,690 ~-~-> 00:14:53,130 401 -wait for those things to come to fruition if they don't materialize and there's 402 -nothing I can do. I don't want to be gambling. I don't want to give you advice 403 - 404 -82 405 -00:14:53,130 ~-~-> 00:15:06,210 406 -about studying and practicing price action that won't be fruitful for you. Okay, 407 -let's take a look at risk. And we will be done. So let's go here to ripple. And 408 - 409 -83 410 -00:15:06,210 ~-~-> 00:15:17,460 411 -here we go. Alright, so we had several levels here, breach on the downside, 412 -identified around below these lows in here, and it basically the 90 level. And 413 - 414 -84 415 -00:15:17,460 ~-~-> 00:15:24,960 416 -we had that sweet down to two times. And then now we have a little bit of a pop 417 -in here saying question here, do I think it's going to go higher? No, I don't 418 - 419 -85 420 -00:15:24,960 ~-~-> 00:15:36,660 421 -think it would be a buy for you studying in price action. Again, it's not. It's 422 -not civilization for you to go in buying or shorting anything I'm saying, but I 423 - 424 -86 425 -00:15:36,660 ~-~-> 00:15:46,440 426 -still see a market maker. So model here. And the way I see it is is we have 427 -consolidation in here. Price has left it come back down into it rallied away, re 428 - 429 -87 430 -00:15:46,440 ~-~-> 00:15:55,980 431 -accumulation, smartly reversal, lower sell distribution, redistribution where I 432 -said it was gonna happen. And we're down here in the original consolidation 433 - 434 -88 435 -00:15:55,980 ~-~-> 00:16:03,810 436 -again. So I think we're seeing just a rally one more time, just to create 437 -another opportunity to sell off and go down below 60 cents. And I know that 438 - 439 -89 440 -00:16:03,810 ~-~-> 00:16:13,890 441 -probably doesn't feel good to hear that. But that's my opinion. Okay, so what's 442 -the timeframe for that? Again, I don't know. But I do not believe that. It's 443 - 444 -90 445 -00:16:13,890 ~-~-> 00:16:23,400 446 -something that you should be buying and holding on to for dear life. If it were 447 -me, I wouldn't be doing it. Now. I'm only speaking from the stance of a paper 448 - 449 -91 450 -00:16:23,400 ~-~-> 00:16:32,160 451 -trader or a demo traitor, for the purpose of studying price action. So take it 452 -for what it's worth, which is absolutely nothing. Okay. It's not trading advice. 453 - 454 -92 455 -00:16:32,310 ~-~-> 00:16:41,520 456 -It's for you, to stimulate you in terms of your decision making and your 457 -studying practices. And hopefully, that's going to be good enough for today. And 458 - 459 -93 460 -00:16:41,520 ~-~-> 00:16:53,100 461 -until I talk to you again, I wish you good luck, good trading. Today, I'm trying 462 -to kind of close that window for folks that are looking to sign up. There has 463 - 464 -94 465 -00:16:53,100 ~-~-> 00:17:00,690 466 -been a hiccup with all the emails I've been trying to send out because the 467 -platform I used like this continue to ask for a refund for the service I 468 - 469 -95 470 -00:17:00,690 ~-~-> 00:17:09,630 471 -explained. And I shared the emails you guys sent me saying the links weren't 472 -working. So they were very helpful in that regard. So I use a different 473 - 474 -96 475 -00:17:11,160 ~-~-> 00:17:20,460 476 -services, MailChimp, which I know it sounds funny, but actually seems pretty 477 -easy to use. So that's what I'm using right now to get everyone that's looking 478 - 479 -97 480 -00:17:20,460 ~-~-> 00:17:29,730 481 -to get the enrollment done for January, if you can't be a part of the January 482 -enrollment. It's not closing, it's just giving me a window opportunity to get 483 - 484 -98 485 -00:17:29,730 ~-~-> 00:17:37,470 486 -these people in the group. And then again, the second week of February, I'll 487 -open up enrollment again, for folks that couldn't get in January. And every 488 - 489 -99 490 -00:17:37,470 ~-~-> 00:17:44,340 491 -month we'll do the same way. Same thing, usually like the second week of it each 492 -month, that'll give me an opportunity to get folks that want to come into the 493 - 494 -100 495 -00:17:44,340 ~-~-> 00:17:51,480 496 -mentorship, they can join, it just means you'll be one or two months behind 497 -whenever it's you know, your starting point, just that's how far you'll behind 498 - 499 -101 500 -00:17:52,230 ~-~-> 00:18:00,480 501 -from everyone else in front of you. Alright, so don't feel like you're being 502 -kept out or locked out or missing the boat. And just trying to do small little, 503 - 504 -102 505 -00:18:00,540 ~-~-> 00:18:08,760 506 -there's a lot of you want to come in. And I had a lot of you respond. But 507 -thankfully, only several 100 of you are actually on the list right now that 508 - 509 -103 510 -00:18:08,760 ~-~-> 00:18:16,890 511 -might change because you're Johnny come lately waiting to the last minute. But I 512 -want to make sure that everyone is in because tomorrow, I'm actually sending out 513 - 514 -104 515 -00:18:16,890 ~-~-> 00:18:26,730 516 -the digital signatures you have to sign when I get those digital signatures back 517 -that you agree to the terms of use, and that refund policy. All of the things 518 - 519 -105 520 -00:18:26,730 ~-~-> 00:18:34,470 521 -that go along with the service. Understand that it's teaching price action, it's 522 -not trade advice. We do demo account only. When you agree all that stuff. When I 523 - 524 -106 525 -00:18:34,470 ~-~-> 00:18:42,630 526 -get that back in a digital signature, then I respond back to that with the 527 -instructions to send payment to me. Okay, that's the process and how it goes. So 528 - 529 -107 530 -00:18:42,630 ~-~-> 00:18:46,530 531 -if let's answer your question, and until I talk to you next time, I wish you 532 -good luck and good trading