Transcription
Hello everyone. I hope that you had a good trading week so far. And a good trading week does not mean that you know, you just made money. It could mean that you followed your risk and due to that, you are now break even. Or it could mean that you took a loss, but you followed your risk, so you didn't lose too much. Or of course, it could mean that you made money, right? So yeah, and still, I'm struggling with my voice, as you can hear, right? But that will not stop me, right? I just want to make sure that you know, you can understand me. I am clear enough, right? And my words are not too, I don't know, light. I don't know if that's the right word to use. So yeah, if you guys realize, um, yesterday and Monday, we did not have, right, good price action, which is exactly what, you know, we expected. Bad price action, right? And why is this? This is due to the fact that we have FOMC in eight minutes or so, around eight minutes, which should give us a, you know, good deal of volatility, you know, due to the fact that we are near all-time highs in regards to the index futures, right? So the market needs to, you know, calibrate itself. The algorithm needs to change, you know, the position of each of these assets due to the fact that right now, there's nothing, you know, that looks valid, nothing that looks high probability, nothing that, you know, makes algorithmic sense.
So now, guys, sounds like you're going through it. I am. It's fine. I survive. So yeah, you can see that for the S&P 500, we have relatively equal highs here, of these highs, these highs. I would see these as, you know, equal highs. Actually, some people wouldn't, due to the fact that this is, you know, barely pushing above this high right here. What makes this low probability right now is, you know, due to the fact that, and it, and remember this, right? Not because, right, or better. What did I say it this way? Just because, right, price is low probability, that doesn't mean that you can't find a trade. That just means that the trade will not pan out as you wish, right? That's what it means. That is what it means, right? Someone's asking if this is just so. No, you should, I'm not sure you're not seeing it, but that's a professional ratio, right? So here, S&P 500, relatively equal highs here, right? We have this low right here, right? And this is visual, right? This is easy to, you know, see. So we have liquidity below this low and liquidity above this high right here. Here, you can see that the NASDAQ is in premium, actually in premium right now. The Dow is in discount, right? In relation to this high and where price is now, in regards, in regards to the Dow. And for the NASDAQ, from this low to this high, you can see that we have low probability conditions, right? So here, we had price trending and falling back within the rate, right? So right now, this is a consolidating, consolidation market profile. This right here, you can see that we are, you know, in premium. We traded above this side. There is still liquidity above this side as well, right? Right here. And for the Dow, we are in this count. So what we want to see is, we want to see the markets, you know, become, you know, symmetrical. We want to see them doing the same thing. Right? We don't want to see each, right, asset right here doing this. Right now, there are times when you can trade the volatility of FOMC, whereas you would, you would enter before, right? You'll enter before the volatility has been introduced to the marketplace. But here, right, you, we don't have that opportunity due to the fact that we have, you know, no, you know, clear direction of price, right? We do not have any clear direction of price. We could see, you know, price take some sell, you know, and, you know, go a bit higher before, you know, dropping, right? And that is totally, you know, you know, me. Due to the fact that I do not like to see these, right, these highs right here. It's just too clean, right? It's definitely too clean. If you guys know, right, we have been bullish for the last few weeks, I believe the last few weeks, right? Literally, right, we've been calling for higher prices before, you know, there was, there was even a sign of a rally. Right? Price was trending into what would be a bearish fair value gap for most people, but for us, we knew that that would become an inverse fair value gap, and we would, you know, eventually use that for the continuation of price going higher.
Here, you can see that we don't have symmetrical markets here either, right? Here, for the British pound, what can you see? We can see the British pound literally doing the opposite of what the Euro is doing, right? Whenever you have, you know, conditions like this, just as how we just explained with the NASDAQ and the Dow, you wait. You wait for price to, you know, run liquidity. So today, what's, what should we do? Wait for the volatility to be, you know, dispersed within the market. Wait for the volatility to be injected into the marketplace, which should make the market one-sided after, you know, at least 15 minutes or so. Give me one second. So yeah, for the interest rate tri. And of course, you should know that the interest rate tri control the market, right? Every market is controlled by interest rates, right? So, for example, there are some talks about the, there are some talks about the Fed, you know, stopping hikes the interest rates or lowering interest rates, which would be good for the dollar and bad for the indices and the Forex market. So here now, you can see price dropping. It's 2:00 PM, reaching for this low right here. Let's pay attention to this. This is the boring price, boring part of, you know, trading, waiting, just looking at price and waiting for, you know, something that normally happens to, you know, form, the form, waiting for your setup, the form. Also, for Nvidia, you can see that we have these highs, right? These lean highs right here. All right, which was, you know, one of the reasons why we expected, you know, higher prices for the index futures, right? Due to the fact that Nvidia carries a lot of weight. So whenever you have an asset, you know, the asset that carries the most weight in the S&P 500 or NASDAQ, right? You should use the asset, right? In, for example, for Nvidia, you would, you would use it for the NASDAQ, right? Compare it to NASDAQ, look for sequential SMT between Nvidia and the N. And here you can see that we did get the liquidity below this low. Here you can see that we are still going lower. Here, about this US dollar, and still all of this is, you know, low probability price action, right? Why, why is that? It's not always low probabilities, just now, right? On a regular day, right, the British pound should be mirroring or, you know, moving in sync, moving in the same direction as the Euro. Here, it's not. So what is the smart thing to do? What should you do? Wait until it is doing so. Here, right, he saw that drop of price, went for these lows, for these highs here. You can see these relatively equal highs. This is what I would see as a, you know, throw on liquidity. And here we have the same thing as well on the lower time frame. You can see here that we have a, you know, alignment of price structure, alignment of price per se. This is the five-minute time frame. Here, you can see that we traded above, well, we closed above this value gap here. We didn't. And here, we didn't. We closed within it. I am so sick right now. It's crazy. Let's see if you get anything here. I know it's like, you know, you're not marking everything out. I never do that. It's better this way to, you know, be looking at, you know, charts like this. I believe we used to do that like when we usually, you know, in the first, first few months. Now, I believe that you guys have like x-ray vision. You can see anything without even marking. That's right. One thing, another thing which I, you know, usually do is, you know, looking at the amount of time that's left within each, each candle, right? So this is the five-minute time frame. We have less than a minute left for this candle to close, right? That's something that I pay attention to as well. So 28 seconds left.
So yeah, the, so far, the only volatile, you know, part that we experienced was the, you know, hunt for liquidity, which was, which happened when price traded below this low for the S&P 500. Just even though, right, this is quite boring, right? This is good. This is, you know, exactly what you want. And this is exactly how you want to see price. It shouldn't be exciting. Shouldn't be, right? You shouldn't be screaming every time price goes in the direction that you anticipated, right? Should be boring, just as how, you know, it is now. Tomorrow, we're going to be doing the same thing in the morning, and I'm well, pretty sure that, right, we should have more excitement than this.
Remember when I said that the interest rate tri controls the markets, right? You can see that since, right, Monday, Tuesday, and Wednesday, which is today, right? We've had all, you know, all of these candles just, you know, being doing, right, the same thing, which is consolidating. They've been at the same place, and they're around the same size. Currently, 2:15, half session. If price holds off from this low today, right, which would, which is currently the low of the week and the low of Wednesday, right? Then we could, we will see something interesting tomorrow. For when looking at Nvidia, when looking at Nvidia, I compare it to the NASDAQ. So to recap, right, we saw price run below the low, right, as one would, you know, want to see. After which, we had some, you know, a bit of upside, you know, price trading back above this low, but we don't have the, you know, liquidity to or sequential SMT, which would cause price to reverse. Another thing is that it's in, we are in the afternoon session, whereas we usually have a low amount of volatility as we close the day. I think how, just, you know, I'll leave it here right now due to the fact that, you know, we don't have much to do. So we'll be back tomorrow at around 8:15, 8:20 before we get this, you know, news event released. Also, we have Flash PMI tomorrow as well, so we should have a good amount of volatility. Stop hunts which occur with news events usually lead to a reversal, right? So we need news events. That's the, that's what we need. We need news events to allow price to turn around. We need news events to confirm sequential SMT. We need news events to confirm, confirm precision swing points. And yeah, we have Nvidia earnings today, I believe, so that should, you know, shake the market up a bit. I'll be with you guys tomorrow, right, in the morning. Hopefully, I feel, you know, or I get, I get much better. So yeah, we'll speak tomorrow in the morning, of course, and I will be updating you guys in the morning, right, with charts, of course, to let you know what we should be focusing on, just as how I've outlined here. Hopefully, tomorrow we have, you know, the index futures trading in the, you know, same direction. Oh, so if you have sequence or SMT, right, and it's bearish, more than likely the Dow will make the lower low. Whenever we have a, you know, we have stagnation of price action, we have price consolidating, which is what you would want to see. And here we have the dollar going for the draw liquidity, which we highlighted, highlighted. So now we have the dollar going up, we have the Euro, you know, dropping, and the British pound, you know, pulling back a bit. Here we have price make a new low of the week, taken out this low. So yeah, tomorrow we will be back. Hopefully, we have better conditions, and we'll talk tomorrow. Have a wonderful day.
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Everyone, all you want to me is a bre OB session. I am the Maring t on burning the stream. How many times can I ask you? How many days can I go without you show?
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The distance is a killer.
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The of position. How many days can I go without you?
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Show.
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N.
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