#jason stapleton

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hello everybody welcome back to another edition of the forex market preview if this is the first time that you're joining me thank you so much we're up to about twenty two thousand subscribers now on youtube which if i'm not mistaken does make us the largest collection of forex traders assembled on one youtube page anywhere so i think we got the award for that now and we've got a ton of stuff for you guys if you're if you're brand new and you're watching the forex market preview and you want to learn more there's everything from you know me trading live all the way to recorded seminars and live events that we've done that are all in the on the on the youtube page so feel free to take a look at that and spend as much time as you want there's a wealth of knowledge to be learned just right here on the YouTube page and if you are one of those 22 thousand subscribers who watches this video every week which is so someone the neighborhood of 6,000 people or so that tend to watch the video every week then I want to welcome you guys back because we're going to talk about some really great stuff here this week and I wanted to start out this morning just clean up this chart a little bit I wanted to start out this morning kind of talking about a couple of different opportunities you see the this is a shot of the pound dollar chart and the market is full of opportunity opportunity to trade based off of patterns which we do a lot of here based off of structure which we do a lot of here based off of indicators and oscillators and all kinds of different ways there are a multitude of ways to make money trading in the forex market the question is which one are you and the most important piece is that you cannot be all things to all people and you cannot be every kind of traitor and I get I used there a lot for especially for new traders they say may they might see a Head & Shoulders pattern and i'll be talking about some structure resistance or something they said with Jason didn't you see the head and shoulders pattern there and I said yes I did see it and they said well why didn't you trade that I said well that's not part of my trading plan and they say well yeah but I mean is it is it not why don't you trade a head and shoulders patterns because I can't trade everything easy just because I know what a head and shoulder pattern is doesn't mean that that meets that make that makes it into my trading plan just because I know what I MACD crossover system is doesn't mean that's something that I'll trade and one of the most difficult parts about bringing a new trader on board and getting them into the mindset of trading professionally is that we really focus on I i guess at expertise specialists in a sense that we want to be very very very good at what we do and we want to work in a very narrow arena and if we do that and we we know that what we do is profitable then what we then we stand a very very good chance of being successful but when we try and spread ourselves too thin when we try and be all things to all people we try to be all kinds of traders in all markets that's when we end up blowing ourselves up and and destroying trading accounts and so what you see here the majority of the time is advanced pattern recognition and structure trading trend continuation counter-trend style trading that's what we do here and we don't focus on fundamentals I'm not saying that you can't make money on fundamentals I just said I've just never met a retail retail trader who has like in real life I got lots of guys who tell me that they do but I've never actually met one that was producing profit trading off of fundamentals I think it is very very very difficult nothing is impossible but I think it is very very very difficult for you to trade based on fundamentals for two reasons in order to trade off of fundamentals you have to know two things you have to be able to accurately predict two things with consistency number one you have to be able to predict what the number is going to be so if it's non-farm payrolls if it's a PMI if it's if it's a you know the rate decision whatever the case may be you have to be able to accurately predict what that number is going to be on a consistent basis over time you don't to be a hundred percent right but you have to consistently be on the number the second thing that you have to predict correctly with syston see is how the market is going to react to that number now if you think about it those are in fact two things that you cannot possibly know you can guess at them you can do a lot of research you can come to what you think is a a reasonable expectation but as a matter of course there is no possible way for you to predict with a high degree of accuracy what that number is going to be and secondly and this is really the most important one is that you have no idea how the market is going to react to that number is it going to have already priced it in is it going to skyrocket is going to decline how is it going to read that number because it has to do with a lot of socio-economic conditions this is why we talk about all markets being psychologically driven all right markets are not fundamentally driven as some would believe it they're one hundred percent entirely psychologically driven it is the fundamental data that causes the emotional reaction which causes the move it is not the fundamental information on its own that makes the move happen it's the reaction from people in the news and you see this all the time when the market is very bullish and everything is going well it doesn't matter how much bad news comes out the market never really takes a decline it just continues to rally in rally and rally and rally until all of a sudden all heck breaks loose we start to see parts of the pillars start to fall apart and then all of a sudden it doesn't matter what kind of good news comes out you can't get the market to rally whatever you try and do and this is the difference it is not the fundamental data itself it is how the market interprets that information it is the psychology that matters and when we look at a chart what a chart tells us is it tells us the actions the results of the actions that all market participants make that's a writer downer what we're talking about what the chart shows us is the result of all market participants actions not what they say they're gonna do now what they think but what they actually do and you get to see out of that battle between buyer and seller who wins and based on that you can make some very very accurate predictions about the what the market is going to do next and i'll give you an example here in just a minute but let's take a look at the pound dollar here as we run up into this resistance level okay now market has been trading up and up and up and up and up i'm a consolidate this chart up so you can see it I mean look at what the markets been doing here just nothing but a straight vertical movement every single time the market breaks down we get a rally breaks down get a rally eventually guys this will end we will see the retracement as we always do it's just a question of when are we going to see it at this double top I don't know but if you are looking for to build a case for entry you're finding the market coming up in two previous structure resistance the market was beaten back on that on pound dollar on Friday this is potentially a decent shorting opportunity opportunity to get short on a counter trend trade remember counter trend so what are we looking for we're looking for maybe a one-day decline a two-day decline back down into 6897 maybe we can get a move all the way down into 67 50s or 67 hundreds as the market continues to stay in this channel but we have to be careful because this is a counter trend trading opportunity but it gives you an example of exactly a point where the market might come into an area of consolidation and a place to short the market for a short-term game now also in here we happen to have a pattern formation don't know if you guys recognize it or not some of you guys are very in tune with this some of you guys are very good some not so much but there is a very nice bat pattern in here opportunity to sell on Friday and we're right there now gives us a little added confirmation that we could potentially be seeing the market retrace like this I now as you guys know if you've been following for me for any length of time we've actually built pattern software for this and you can see that bat pattern coming in right there right market came in 169 60s was the cell and the market trading at about that level right now now this is the really nice thing that this software has been able that has allowed us to do that we've never been able to do before we have been able to look back over 5 years based on the rules that we use and for anybody who hasn't been through the course the rules that we use for pattern trading are very specific it's not well it has to come in between the 382 and the 786 on this leg now they're very very very specific rules which is why we can get an accuracy level that's typically fifty percent higher than anything else we've tested it's because rules matter and we wrote the pattern software to specifically look for patterns according to our rule set and then we looked back five years which is something we've never been able to do before on multiple time frames using ten different pairs to figure out what the accuracy of these particular patterns are going to be and there's something there there there right at sixty percent give or take some are a little bit more summer a little bit less based on the the pair that you're trading the time frame you're trading but you've got a pattern here that pays off six out of every ten times and now we're at an area or the markets where the pattern is saying sell and if we decide to go ahead and sell these right here then what we're going to look for if I bring in my Fibonacci retracement tool is we're going to be looking for a press back down into 6870 7s look left we talked about that previous structure level as the initial level so just below that's that 3d 268 77 for our first target and then potentially a little bit lower around 168 for our secondary target so again we're not looking for a huge move here guys we're not looking for a total reversal of the of the pound dollar trade all we're looking for is little bit of give just a little bit of a decline where we can pick up and pick off a little bit of profit out of this market and whether you're basing it off of a structure play right here right and saying okay I've got a double top I've got some bearish divergence looking at my RS I look down here got a little bearish divergence on my RSI or whether you're choosing to go with the pattern recognition and saying yes I also have a bat pattern here and I'm going to sell it here there's an opportunity to trade let's take a look at some other ones we talked about this one last week euro yen had a couple of trading opportunities here first was the cypher pattern we didn't quite get filled last week well this week we came down boom got filled markets trading higher were actually in the money just a hair on that position a little bit lower than that we actually have a bat pattern here at 37 even handle but that's about me I say a little lower it's 80 pips lower so again same rules apply here we're going to look for a retracement here into the 382 followed by the 618 I would imagine if I bring in my tool set here that we're going to see looked at 382 coming in right against structure right there it is amazing how often Fibonacci lines up with structure look left you've also got structure here you can see the support support support resistance right all along that line it's going to be a good place when the market rallies to look at taking those initial targets off at and then giving us a risk free trade the only other ones we've got that I've looked at today was aussie yen which hasn't quite rolled over yet and you've also got a pound new zealand trade here down to the bottom left-hand corner that's got a ways to go i we're not going to get there next week and we may end up going lower and breaking structure the downside so not a lot there that I'm worried about but you've got 2 great trades here that are sitting right on their entry points going into next week where you could have a nice return out of those let's take a look at was it aussie yen there's a couple of the yen pairs are all kind of lining up here let's just start with pound yet I don't know what's going to happen here I finally exited my Canada yen trade I just it was aight i got out for basically seven pips of profit after holding it for four days or five days and I just said enough is enough but you've got this little wedge that's been setting up here on pound yen it's this thing is coiling you know if you think of this like a coil this is getting tighter and tighter and tighter this thing is going to break out one way or the other I just don't know which way it is euro yen euro yen is already broken out to the downside here get look at the structure level let's just do it like this ok actually made money on this trade on Friday the market had come in had made its full move for the day or what I anticipated was the full movie ended up shorting boom back down about 50 20 pips was like caught out of this market now guys that's a in a day trade this is something else that you have to consider this we're going to go a little bit long today but this is important stuff average true range alright the average true range of this market right now is 75 pips that's it average true range of the euro USD 63 it wasn't a few days ago the average true range was less than 50 pips guys this is for those of you who have not been trading very long we have not seen this lack of volatility in over a decade now think back a decade it's 2014 that we're talking 2002-2003 timeframe this was before internet trading for forex was really even an idea I mean there was you they they were especially not for retail trading this was really pre FX trading ok we have not seen volatility this low since we were there if you take a look at the Vics we talked about this is for stocks but let's just take a look at stocks okay VIX is trading at 12 let's consolidate this chart up when was the last time we were down here well these all-time lows were back in March and if we look back even further look it's just like we got to go all the way back to 2006 right during the height of the real estate boom when every but the world was perfect and everybody had low rates and was refinancing and you know it was just the greatest of times that was the last time volatility was at low total complacency now what does that mean for us as traitors well it means that things are getting very very difficult if you're day trading we've gone from you know normally taking 5 to 25 trades in our live system trading room with with the Liberator with the level 2 strategy um to trading two trades a day or one trade a day it's just dead we cannot make money if the market doesn't move and we can control a lot of things as traders we can control the style of trading we can control we can make adjustments to trading strategies when uh you know when when when certain things aren't working what we cannot do is we cannot fix something you know if you've got a trend following strategy you cannot make that trend following strategy make money if the market doesn't trend if it doesn't move you can't make money and what we're seeing across everything stocks forex futures is that everything's coiling nothing is moving and it's just going to take some time before we're in a position where we're going to see a return to more normal volatility but people who haven't been trading very long ask me they say well Jason is it ever going to go back do you think we'll ever see volatility again of course we will but this is a time this is a unique time in history just like 2009 was a unique time in history and we're lucky enough to get to be involved with that and to get to see that to have that historical perspective as part of our trading background in our trading history to know what it was like to be able to remember three four five years from now you're going to remember you're going to say remember back when volatility died out and we were you know fighting and scrapping to try and make a living boy I'm glad those days are gone I'm reaching back now to 2008 2009 2007 and saying a euro USD we're looking at on euro yen Average True Range seventy five pips you want to know what it was in 2009 300 average of three hundred pips a day how hard do you think it was to capture 20 pips out of a market that moved three hundred pips a day on average right it is much more difficult to get 20 pips out of a market that only moves 50 a day if you can survive this you're going to thrive when the market finally decides to move again when we finally start to see the expansion phase remember markets go up they go down they go sideways trending leads to consolidation and consolidation leads to expansion right we're in the consolidation phase right now and when we break out into that expansion phase all the money is going to be cheap and easy right now it's a struggle but it's all part of the game it's all part of trading so don't get your head down about it don't be frustrated about it just understand what's happening be aware and it'll take you a long way well that's going to do it for this week guys I could go through some more charts but I felt like there was a it was better to spend some time talking about that area of volatility and then also talking a little bit about the difference that the different ways that you can get involved in the market be it structurally or using pattern recognition like we talked about now if you like this video please leave hit that like button share it with a friend help me spread the word about what we're doing here um and don't forget to uh well I don't know I guess that's it so I'll see you guys back here next week until then good luck good trading I'll talk to you soon

hello again there everybody happy Sunday to you my name is Jason Stapleton and this is the forks market preview if this is the first time that you're joining me thank you so much for doing so I really appreciate it and if you like this video well it's the first time you're joining or not and you really would like to see more of them go ahead hit that subscribe button for me because that's the best way for me to stay in touch with you and it shows that you know you support us and the other close to 20,000 people who are subscribed would appreciate the company so thank you so very much I have entitled this week's lesson or this week's forex market preview what to do when everything goes wrong and it's based on a conversation that I had it wasn't and really an email that I got from a syndicate client this week and I want to kind of set the groundwork for you tell the old story about what happened we've had about a couple of pretty decent weeks of trading in the syndicate and and things were going really well and we were coming in to Friday and I woke up at 6 o'clock like I normally do and I checked the the current positions that I had on in the overnight and I realize that I'm just looking at a sea of red it's just like everything has gone against me and I'm down in every major pair every single pair that I was trading and I had about six open positions at the time or six or seven and I got up to went to work and I actually put the background when I did my syndicate video I turned it red and I was gonna have a discussion about hey we're look I'm just looking at a sea of red and I was gonna explain you know kind of what was happening and you know kind of calm everybody down who was working on this and then just kind of say look you're not the only person dealing with this anybody who's you know trading right now is kind of dealing with the same thing and I'm dealing with it and here's how I'm dealing with it and because I don't you know there's no sense in is listen hiding it when of the syndicate is to help people overcome those emotional and psychological hurdles that come with losing because that I mean losses happen and so it's it's nice to have a community of support when that happens and I got to fill my coffee cup I normally do the the morning thoughts video at about 7:30 and so I went to refill my coffee cup at about 7:20 or so and reloaded that and came back and that was right after like 731 or something and it was right after the non-farm payroll number are there nothing on for pill but the unemployment numbers had come out that Friday and literally within about 15 seconds four or five of the six pairs that I always travel four of them I know four of them immediately were stopped out for a maximum loss and we've been training pretty well earlier in the week was up about 70 pips and then we had a couple of a couple of losing trades so you know not we didn't have all of that but then those six losing trades therefore losing trades in a row pretty much wiped out not only everything that we've been trading that week but a huge chunk of what we've been trading the last was basic about a week and a half of good solid disciplined trading got wiped out in about fifteen seconds and I went on and I was just like I kind of was uh I kind of said man yeah that stings a little bit and I would not have I wouldn't have given it a second thought and it would've never made it into a conversation that we're having in the forest' market preview except for the email that I got after I got done so I started talking about man again I always did that that stinks that you know to walk in fifteen seconds man all four of them get wiped out boy that's a trip but I've been there before and so I kind of voiced a little bit of frustration with it and I went on I went on with the morning preview I said okay Walton those three are gone where are those four gone here's what we have to focus on now we got two positions still left open this is what's working and here's what I'm watching as well so basically you know you can't do anything about the losses that occurred did you ask yourself when you get done at the end of the trade did I follow my plan if the answer is yes and you pat yourself on the back and you move forward because there's nothing that you can do if you if you followed your plan and the trade was a loss that's that's not a bad trade it's just a trade that wasn't a winner it just didn't help the fact that we took four of them in like instant anally instantaneously so I didn't think much about it I you know I went on about my day I had a bunch of other stuff on my plate which I had talked to the syndicate guys about and I went back and I read my email all about an hour or two later and I was checking and I had an email from a syndicate client and he said Moore and it was titled morning thoughts normally I don't respond to those but what this particular individual said you know necessitated a response he said this was the best morning thoughts video I have ever seen him but they basically made I can't remember the exact words he said but essentially he was saying this was the best video that you've ever done he said because finally I saw some emotion out of you and he made a rocky reference to you know about the the impression that I give is that I operate largely like a machine or it's just like boom doesn't matter win-loss I don't really care I have this even keeled temperament all along the way and a lot of times people sitting at home think that I have no emotion that it doesn't bother me when I have losing trades or doesn't or I don't get excited when we get on winning streaks and those types of things and I emailed him back and I said thank you very much for sending me that note because it it opens my eyes to the way that I am perceived and I said it's very very interesting one of my responsibilities as a coach is to keep a very even keel regardless of what I am feeling the emotion that I am dealing with internally my responsibility to the people who are who are with me is to be that anchor and to be that rock and so I display very garlis of what I am feeling I display very little emotion because Howard Howe is the traitor on the other end who's really struggling who really can't get this down he's constantly making emotional decisions how is that guy going to ever get ahold of his emotions if the guy who is supposed to be his coach the guy who's supposed to be the the anchor that's that's that this foundation is constantly flying off the candle is on this emotional roller coaster too and so many times if I find myself in a situation where I'm overly frustrated about something or I'm finding that I really don't want to talk about a topic because it's yeah it hasn't gone the way I wanted it to many times I will give some distance some space between that just having that discussion and my emotion until I have time to kind of collect my thoughts and and kind of get over it and shed that emotion but it doesn't mean that I don't have those emotions doesn't mean that it isn't frustrate me and what happened there with the mourning thoughts video because it's live because there's no one because it absolutely just happened as we went live I didn't have a chance to run that all through my filter and what I said to him was it's not the emotion you cannot get rid of the emotion you're going you how you personally react emotionally the feeling that you get when something like that happens when somebody says something that's mean to you or offensive or when you you know you see your child stand up and walk for the first time or when you take for losing trades all in a row and within 30 seconds of each other and it wipes out a week's worth of good trading okay regardless of that you can't change the way that feels over time you can temper it and you can yeah you know you can reduce how much of an effect it has on you internally but you can't ever get rid of emotion we're human beings but I said what you can do is you can change the way that you react to that emotion and I say you've got to pay very close attention even when I showed that emotion and even when I showed my frustration and my anger at the fact that you know so much of our so much of our profit had been wiped out I said let's move on what's next let's look for the next trait let's follow the rules did we follow our rules yes we did okay let's move on we don't allow the emotion to dictate what we're going to trade or how we're going to trade we let the system we let the testing we let all of the work that we've done leading up to the trade tell us what we need to do and allow that to drive our decision-making not the emotion and there's a process that one goes through with this and it's not something that happens overnight it's something that you're going to work on some of you will work on it for months and months some of you will work on it for years it will never totally be gone you will never be rid of emotion in your trading but what you can rid yourself of is how you react to that emotion the decisions that you make and so what I just wanted to bring that to your attention because I really had an impact on me when he said I realized that you weren't I realized that you weren't like some freak of nature that you were a human being that you were just like me that you these things do bother you and I thought man what a powerful lesson that I can give to you guys on the forex market preview this week on dealing with emotion what do you do when everything goes wrong well first thing you do is you take a step back you say did I follow my plan did my plan produce me a profit does my plan produce me a profit and if so you carry on you say this is terrible it happened but I'm gonna carry on and one of the things that we're gonna look at on the fifth I think it's the 15th of this month is we're gonna be looking at the 2618 trade and this is a absolutely 100% free training that I'm gonna be doing teaching you a trading strategy and I'm gonna be showing you all of the rules on how to trade the 2618 I know a lot of you guys have heard about it you've been following me for a while many of you in the syndicate have heard about it a lot of you have never learned it and so I'm gonna teach it to you and I might teach you the rules for entry and how we make those decisions and where we find the opportunity and what it looks like and where the stop go where the targets go I'm gonna show you the equity curve that Akhil put together on our portfolio that we trade it on over the last year and I'm gonna show you what the results were of the last year of trading and then I'm gonna show you how money management how good position sizing can radically transform a system and we're going to do all this in a free training and I promise you guys I would have signed up for that for you this week and I do it's popping up on the screen right now and also underneath of this video in the About section of the YouTube page will also be a link there if for some reason you can't click on it in the video I would highly recommend that you guys attend that training I don't care whether you use a strategy or don't use a strategy what the knowledge and information that you're going to gain about how strategy is how the thought process works how the trade plan is kind of developed how the thin context the if-then syntax is written in order for us to make determinations about what to trade in wind a trade how what role position sizing and money management plays in a trading strategy is all going to be incorporated in this free training and guys there are no sales pitches here there's no offer to buy anything there's is nothing more than just free training for you guys to give you guys a strategy that will produce a profit if you trade it consistently so I would HIGHLY advise take time right now we're gonna talk about a couple of currency pairs but don't waste any time take some time right now and sign up for it it will be one of the best if not the best not a best time that you have ever spent learning how to trade that I can guarantee you if it's not I'll give you your money back but I'm very very excited to be able to offer this to you it's gonna be coming from our new studios at trade empowered we're going to be broadcasting it through on novia and you're going to really get an entirely a very unique experience that most people have never had the opportunity to experience it's certainly not for free and so I would invite you guys to sign up for that and and and get ready for that because it's coming but today for some reason my e-signal is not letting me sign in and I think it has something to do with East signal servers because I've double-checked everything and so I'm actually gonna be using a different software today this is a web-based software and it is called it is from trading view calm and multicharts this is a division of multicharts which is a charting service and if you are on the go or is this a free service – I'm not paying anything for this but if you're on the go if you're away from your computer and you want to check stock prices you want to check currency prices you want to take a look and maybe run some technical analysis because you're thinking about a trade but for some reason on your work computer you don't have the ability to put your software on there that you normally have trading view comm is fantastic and by the way they don't I they don't I don't get any money for the head I they they don't even they know who I am but they don't know that I'm doing but I bring it to your attention because it's a fantastic charting software and virtually anything that you can do with NinjaTrader e-signal you can do on this you know web-based charting platform html5 is allowing us to do some incredible things with charting and this is a great platform for you guys to to use now stay out of the forum area so don't listen to what anybody else has to say about it they you don't know them you don't know what the quality of their advice is but make sure that you are paying very very close attention to but so stay out of there but you can use the charting and stuff to make decisions often but we're gonna start on the euro/usd now I'm not gonna go through all the analysis that we've covered before those of you who follow this on a regular basis will know where we are but I have said that really this is the area I'm gonna grab my horizontal line here that I have been watching this zone okay grab it again there we go let me adjust this line a little bit I'll make it a little bit darker and will thicken it up a bit let me see here if I can do that there we go okay so let's clone this line drag it down here come here sorry guys I don't why can't I drag you I don't know anyway this is what I'm looking at this zone inside of here is what I've been watching now why is that we'll look at the resistance we've got resistance here resistance here support here and now the market is coming back down in we violated structure here we rallied we violated structure again we have a very very nice harmonic move boom this line is very close and equal to this line okay nice little harmonic move back down into the potential reversal zone down into the kill zone and we're right against that structure supported resistance level so there's a buying opportunity here now if we drop down to the lower timeframe it depending on how this thing sets up on Monday syndicate members will be talking about potential long entries here if they present themselves I'm not gonna drop down to those lower timeframes today because this is really more about the training and kind of the concept of what I teach and and how I teach it more than direct trading opportunities although we do some of that but we have this very very nice ABCD moved down into the potential reversal zone here and and this is gonna be something that we're going to want to pay attention to because there is definitely a buying opportunity here as the market moves into this zone and we're already showing a lot of support a little bit of support in there towards the end of the week this week let's also take a look at pound dollar today okay screwed that up okay pound dollar here's what we've got going on here alright we have had first of all let's take a look at the double top followed by the breakage structure the press back up into the 6 1 8 26 18 trades selling the 26 18 this is a perfect example of a 26 18 looking for the market if you're a 26 18 trader for the market to come back down into these lows somewhere around o 64 81 if you're trading the 26 18 trade you also have potential advanced pattern here if I bring in my initial retracement Fibonacci retracement level you're gonna see this market comes down into the 6 1 8 if we take the next Fibonacci retracement level here to here you're gonna see that this one comes up and touches a 6 1 8 which means we're looking for a Fibonacci extension swing high to swing low and back down in we're looking for a move down into the 127 extension at around 63 61 for potential long entries on the daily chart now that looks if we're if we're if we're showing you the actual let me see if I can find the look a tool here that gives us the diagonal yeah there's a triangle tool so let me see if I can show this to you guys okay so the pattern itself is gonna look something a little bit like this okay go something like that down to there and if we grab it again go from here to here and down in excuse me down into roughly a 127 extension okay and that's probably a little bit low but it's pretty close down into that 127 H there'll be a buying opportunity here now those of you who are might be looking at this another way you might be saying well here's a leg of the move this is a six one eight retracement of this leg so if I grab this Fibonacci retracement and I go here you can see that we come into a six one eight retracement if I drag the next leg of the move from here to here you're seeing well that's almost a six one eight but we haven't quite gotten there yet so there may be a potential opportunity for a rally up into another Gartley pattern up this direction so there's a potential for another move and then of course if you are part of the syndicate and you were down on the one hour chart which we were this week you noticed that there wasn't actually have for our charges probably well I don't know if I could see it on the floor oh it doesn't matter that there is actually a cypher pattern in here as well and we are currently long now the cypher pattern has been violated the market did actually go lower than as where X is exited down here we did actually violate X so this is not a pattern that I would that you should be involved with if you missed it already but the market is trading sideways here and we're a little bit behind in this position but you can see the frustration the anger that happened on Friday the divisive nough sin the market as this we went up and down and back and forth and back and forth and finally closed you know back down against previous structure support and we're gonna have to see where this thing goes into Monday and Tuesday I don't know I don't know what will happen all I know we still have the position on and we're still waiting to see what happens but on the daily chart this is what when we start talking about a little later I know we talked about the 2618 trading training that we're going to be doing but in addition to that we also have the turning-point trading which is going to be coming next month and that is going to be a week long four solid days of training and what we're gonna cover there is some concepts on the loop theory on staying inside of the markets thought process of being in a position where you're never caught off guard that if the market goes higher you know what you're gonna do if it goes lower you know what you're gonna do you know exactly where you're gonna place your trades you know exactly where your stops are gonna go there is no chance that the market is going to move in a direction and you are gonna be unprepared to take advantage of it literally it is an incredibly liberating feeling to have that in your back pocket and we're going to teach you a little bit about how that works but what we're talking about here on the pound where I'm drawing in and some of you guys understand this and some of you don't and it's okay if you don't this is the takeaway that I want to give you um it doesn't matter whether the market goes higher or lower I know the levels that I'm watching for I know what I'm anticipating and I'm planning accordingly so there's no chance that if this market reverses and goes higher that I don't know what I'm gonna do and if the market goes ahead and comes back down lower I also know what I'm gonna do I have a plan in place for how I'm going to attack this market regardless of what it decides to do you see as traders what we'd really like to do is we'd like to influence the market we'd like to tell the market what to do but the truth is we can't control the market we don't get to tell the market what to do all we can do is participate in the markets movement and the only way that we can participate is to have a plan in place now so that when the market moves we're in a position to take advantage if not then we're lost and part of what the forex market preview is about is is keying you in to some of these fundamental principles from his fundamental ideas that maybe no one has ever taught you before that you've never considered that no one's ever explained and I'm glad that I have the opportunity each week to come out here and work with you guys just a little bit and share with you some of these really fundamental concepts about trading that are overlooked and that people do not talk about it's certainly not for free so I want to thank you guys very much for being here again if you like this video please hit the like button because that is it's huge for me and subscribe those two things do more for me than anything else and then don't forget there's the link again sign up for the the 2618 training it's going to be incredible you're gonna love it and and it's totally 100% free so until next time guys good luck good trading

(via https://www.youtube.com/watch?v=2FB88ESvps8)

An interesting perspective. The difficulties of establishing true competition in an industry requiring such massive infrastructure makes things very hard to understand (for me personally). 

manifold – edge of wrong 12 (2017) Manifold is an audiovisual artwork made for the 2017 Edge of Wrong festival. Lidar scans/concept: Jason Stapleton Audio: Justin Allart Editing: Lucy Hazard