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Hello again everyone. I hope that you had a wonderful weekend and I hope that right, [clears throat] most of you did nothing today, right? And as you guys can see right within the charts, there was nothing that was high probability, right? And yes, we can argue that it has been this way for around, you know, I'd say two to three weeks now, which is, you know, very, very low probability weeks, which usually just give us like two to three entries out of the entire week across all platforms, right? So that is fine.

And you know, always remember that the, the dollar, that the price action gets, right? That's the closer that we are to, you know, a very interesting market, right? That's when we're very close to movement. Whenever we have these types of dull days, right? You know, in my opinion, if I was the, you know, quote unquote market maker, I would, you know, be doing this exact same thing. Just try to bore everyone, [laughter] right? Try to get everyone stopped out, try to allow people to lose faith in their models. And, you know, they're doing a pretty good job at, you know, whatever they are, you know, doing. [laughter]

So on the screen right now, you guys can see, you know, the usual forexfactory.com where we, where we get our scheduled release dates and and our times for, you know, liquidity to be injected into the marketplace. Yesterday we had none, which is why, you know, we did nothing. But not yesterday. Today we had none, which is why yesterday we did not do a live stream, right? Now, and going forward, you know, into the discussion that we're about to have, keep in mind that 23 minutes ago, which was 6:00 p.m. Eastern Standard Time, that was the true week open, right? I know that, you know, there's a lot of stuff that you have to be compiling and, you know, putting together, but, you know, always remember that the true opens are of high importance.

So, tomorrow, which is Tuesday, right? We have news events at 10:00 a.m. in the morning, right? Won't be as destructive as Wednesday and, you know, Friday. Of course, we have NFP this Friday, right, at 8:00 a.m. So, you know, this week will be, you know, one to talk about. And you can see that we have for like, right now, you know, we haven't seen these much red news folders in a week for, you know, some time right now, right? And keep in mind that, um, during this week, this week is not a part of quarterly theory, but it is a part of the Dublin theory, right? So, this week, if you look at your charts, right, and you, you know, you select on the indicator that we use, the monthly cycle, you will see that, you know, it comes up as a blank week. So this is the joker week, right? There are 13 weeks in each quarter, which is something that we talked about, which is, you know, pertaining to doubling theory, right? Whereas we have the weeks reflect upon the weeks whenever you have, you know, price action which fall within a joker month or, you know, week or day, which is like Friday, you know, price action tends to be less, less probable, right? So, it's not, you know, it won't be as good as trading the second week of the month or the, the third or fourth week of the month. Actually, when you, you know, in pertaining to core trading theory, core trading theory is designed to give you the, you know, kill zones, right? The kill zones which act, which, which are not just, you know, specific to Q2 and Q3, right? It's actually specific to Q2, Q3, and Q4, due to the fact that Q4 usually gives us a reversal. So Wednesday, we have a lot of news events, right? So as per usual, we will be looking for, you know, a major reversal during the day of Wednesday, which is the day after tomorrow. And tomorrow, we, you know, might get some movement, but I don't think it will be anything that's jaw, you know, dropping. Thursday, right? I would, you know, approach Thursday the same way as I, you know, I would approach Tuesday and Friday. Of course, we're expecting most of the volatility to be released here, right?

You guys can see that we're looking at the FX triad. And I don't have to talk about what it, what it's comprised of. You already know that. But I remember, you know, us talking about this gap right here, right? If we see price, so remember now, if we see price break above this gap, right? We'll be heading for these highs before even, you know, sweeping this lower. This one. But, you know, in my opinion, right, I'd like to see this low, you know, be taken out before we run above here. But ultimately, right, this is the next draw on liquidity. And you know, we've been talking about this for some time now, right? That draw on liquidity cannot be, you know, overlooked. But so far, you can see that, you know, it's not the, you know, cleanest price action. Even here, we do not have any forms of gaps, which, you know, that tells you already that, you know, this is not high probability price action. Due to the fact that there, there are a lot, a lack of gaps, you know, in regards to the US dollar. And remember, the US dollar controls everything for now, until, you know, there's another currency that, you know, trumps the US dollar. So, in the entirety of last week, you can see that, you know, what happened? Nothing, right? Here is consolidation on this day, this day, this day, this day, this day, right? And, you know, up to last week, Friday, you know, price was just stuck within a range. It is still stuck within a range, but, you know, at least it broke out a bit. And, you know, [clears throat] food for thought, you know, whenever you see, you know, price action, you know, consolidating like this in regards to the US dollar, right? And at the same time, you see the index futures market, you know, expanding, right? Don't expect, you know, a reversal, right? So if you get that, you get that. If not, then, you know, we'll talk about it some more. And that is directly, you know, synced to, you know, each market, right? So, here you would have the US dollar consolidating for a period of time, and that would send the other asset class in a frenzy of just expanding and no reversal until the US dollar ends up breaking out of that, that set consolidation. If it seems confusing, we'll, you know, be talking more about it. Don't worry. It's, you know, something that's new. So, you know, don't sweat it. You already have everything that you need. Now, it's just giving you everything, you know, extra.

So, here you can see that, right? We dropped a bit here. We broke below this gap, which in the US dollar would be this gap. So here, there's already a cracking correlation already, right? So we can expect, right, price to, you know, based off of this alone, to, you know, continue a bit higher within this gap, right? And this is a week which is, you know, might be similar to last week, whereas, you know, you will not have symmetrical price action. So there are times when, you know, you'll have Bitcoin being, you know, bullish, you'll have the FX triad, right? Just be in a complete different direction, such as, you know, the euro dropping when Bitcoin is going up. You have, you know, the interest rate triad doing its own thing, being bullish, while the dollar is bullish at the same time. And all of those things are indicative of low probability price action, right? So if price was symmetrical, you would have the euro, Bitcoin, and the S&P 500 going in the same direction. But, you know, it's not. So, you're going to have different readings for, you know, all of these asset classes. So, you know, the best thing, what I would actually, you know, want to see, if, you know, if price doesn't break here, is a cracking correlation at these lows, right? So this was the low of last week, which, you know, this was, this was the low of last week, right? Which, you know, is very important to me, right? So if we see price, you know, fall below this low, and it could even fall below this low and, you know, give us a cracking correlation, and then we have, you know, something to offset this SMT, which would be caused by price running below this low. But of course, it would not be sequential SMT. So we would want to see the second stage of the cracking correlation be a lower time frame sequential SMT, right? You know, difficult price action demands difficult concepts to be able to interpret.

Now, the, you know, easiest thing to read right now, in my opinion, would be the index futures, right? So you already know the layout, and we took the high of July, which is the current month, and the low of the current month, right? To form this range, right? So the most important levels of liquidity right here, and this has everything to do with doubling theory, right? This is not about last quarter. It's about this month, right? So this low right here is important, and this right here, this high right here is important, right? It's basically, you know, what, you know, ICT basically used to talk about, which is, you know, monthly levels, monthly highs, monthly lows. But now we have, you know, Dublin theory, which allows us to look for monthly highs being run out, whereas in another, you know, asset, which is within the asset class that you're focusing on, you'll have a high being left, you know, in the form of a failure swing, which would equate to a captive correlation, which afterwards, you would have, what? You would have a precision swing point being formed, right? So it's just us added more context to the simpler things. Looking at the Dow, right? You can see that price is more compressed here than it is here, right? Firstly, you can see that if, you know, we take the center of this high and this low, the center of the range, price is above the 50%. Right? Price already traded above 50%. Here, in looking at the NASDAQ, price did not do that. Here, looking at the S&P 500, price did not do that. So here, right, we have price being closer to this low, right? In the S&P 500, in the NASDAQ, that it is to the Dow. So, you know, plain and easy to understand, we could see, you know, price run below this low and create sequential SMT, you know, and then return back within this range. Ultimately, you know, we could see the Dow take this low out, then take this high out afterwards.

And, you know, people always ask me, um, Dave, why don't you, you know, draw and, you know, just give us the charts? Give us, we just want, you know, signals. We just, we just want you to show us, you know, a few charts a week. Just draw the stop loss and everything. That's because, you know, people take it like there's this guy here that just takes the information. And I've gotten him blocked on Twitter like twice. Um, YouTube like three times. But like, they just state the information and they act like the information is theirs, right? And I don't just want to be having someone just looking smarter than they already than they actually, than they actually are. But eventually, I think that, you know, I'll be, you know, softening up and doing that.

So here, right now, we're looking at the S&P 500 versus the NASDAQ. So as I said, right, you can see that this, you know, this box rectangle here is, you know, it indicates. Oh man, I have something very interesting to share next month, or maybe this week, has to do with pie, right? Has to do with pie. Crazy. Anyways, so you can see that here, we do not have, you know, a box right here. This is the 13th week of the month, right? This right here. Not the month, the quarter. This one represents Q4. This is not a quarter, right? This is, this is just, you know, a time or, you know, space holder. So now, right, we can, you can see price clearer, right? And this is the one-hour time frame. We have the S&P 500 here, the NASDAQ here. You can see, you know, why we would expect this low to be taken out, right? Before, you know, seeing some higher prices, right? So it doesn't matter which one takes the low out, but, right? We just expect one. Cuz in my opinion, you know, this is the next draw on liquidity, major draw liquidity, right? We could see price, you know, a news event allow price to push above this high, right? Cause some form of cracking correlation and drop, take this level afterwards, and then, you know, send price higher as a result, if there is a cracking correlation, right?

So here, looking at price, you'd be like, and, you know, you, you should be able to see why, you know, we opted out, opted to do nothing today here, right? We have price just completely, you know, expanding from Sunday's open, consolidated, did nothing here, dropped, then closed back within the range, right? So price literally did nothing, right? It literally did nothing today. This is what, no, it would look like. That is what it looks like. Low probability price action. But, you know, low probability price action, you know, is a sign that, you know, high probability price action is to come. And of course, the reason why, you know, I believe that it would be better to run all of these highs out, right? Which is, you know, the high of today, which is Monday, right? That's due to the fact that our main draw is here, right? In regards to this cycle. So here, think about Q3 alone, Q2 and 3 alone, right? Or quarter theory on a. So here we had F, we had A, right? We had A here, which is accumulation, right? If we have, and the only reason why Q2 of the week would be manipulation would be if we have sequential SMT, right? Ultimately, we could have up to two sequential SMTs during the course of a week, right? So if we, even if we had one here, then we would expect price to, you know, at least drop below Monday's low, then have Q3 continue, right? Whereas if it occurs, you know, that we have, you know, it being a bullish sequential SMT, which, you know, would take this low out and it continues higher, then we would expect, you know, another sequence SMT to form. The next one will format on Thursday because it usually skips, right? If we have secret on Monday, then you won't have one on Tuesday. If you have one on Tuesday, you won't have one on Wednesday, right? And if you have one on Wednesday, you won't have one on Thursday. So, if you have one on Tuesday, then the next one, highly, highly likely with, you know, 85% guarantee, will be on Thursday. Anything before that would be considered fake.

So, these are the levels that we're looking at. This is a specific asset class that we are focused on for this week. It has the, you know, clearest range, right? Not the cleanest price action, the clearest range. So, it's, you know, it's very obvious, you know, what price will, would, you know, be likely to be doing here. And of course, looking at the, looking at Bitcoin again, still right? And since price was here, we, we, we expect that price will be drawn to these highs. It's, it's being drawn to these highs, of course, still, but, right? In a very slow manner. It's just, you know, chopping around, chopping around, which, you know, is what you should expect when prices close to all-time highs, right? Once, if once price breaks above here and forms, you know, some form of consolation above this high, you know, then we have something to talk about again, right? But if you, you know, you didn't get in from this candle, this candle, this candle, then it basically doesn't really, you know, make sense anymore in my opinion. I hope that you found this useful, and we will be back this Wednesday, which is the day after tomorrow, right? And with that being said, good luck and good trading.