Weekly Forex Market Prep with Mr. Green transcript

M check uh uh let me know if you can hear me and see my screen write something in the chat we got ourselves a night tonight this [ __ ] just laid off you that D so all right ah cool orangen cool cool cool cool cool just let some of y'all get in here it's going good man how you doing what's up Brandon just uh just chilling sitting here not doing much so why not might as well get on the charts right start off with that today all right we're in we're in good afternoon to you man as well that's good brother oh you're in the right place always learning or trying to at least right I bet you are I bet you are ready for action School of Fitness uh welcome I'm Mr Green from trade Phantoms and we will be doing uh oh okay okay what's up may mayf I didn't know that was you um so yeah I mean I took one quick stop up this morning you could see there was just 1% um what is going on here oh I see what happened I see what happened hold on easy fix easy fix no worries get my Wi-Fi back on no right no worries there we go all right let's get up here let's get to the S&P can you guys all see uh S&P 500 all right so for uh for some of you uh I know it's Jimmy Jimmy you say that every time you come in you're like by the way this is Jimmy I know it's Jimmy Jimmy all right so for those of you that are not part of trade Phantoms welcome Obviously good to have you in here take a look at what we're doing in here and then uh for those of you that are here we're going to be uh doing our weekly FX prep I expect the markets to continue to move and give us opportunity like they did last week and starting last night you know I just uh I didn't I I I I really you know it's funny I wanted to try was when I started looking at the market around six o'clock what's up Cool J I uh I started looking at the markets at 6:00 last night and I was like all right I was watching racing of course right I was watching horse racing in Delmar and I'm watching it and I'm like all right and I'm tired and I'm like ah you know last week was so hectic you know there's not you know it's probably going to take till Monday morning to pick up so I went to bed early went to bed early cuz I knew we get we we we got the Aussie Central Bank thing tonight at 9 o' at midnight eastern time and uh oh I'm pissed pissed the trend just continued but if any of you guys caught the moves I'm happy for you you know I just uh I just didn't I was a little complacent last night well I wouldn't say I was complacent I was cognizant of it I just I I thought there'd be a little bit of a uh slowdown before it picked up but this is good this is what we need this is what we need so let's start by doing a general overall Market sentiment take that professional look at it um you would be surprised when things like happen what are happening right now uh so obviously those of you guys that are are brand new here uh we are going to cover FX but if you're going to be a good FX Trader you have to be well-rounded and understand you know the overall hierarchy and all the markets as well so you see I'm I'm on the S&P 500 right now um you you know you wouldn't be surprised obviously uh those of you that know me that are under Phantoms you know how many personal phone calls I get a day from my friends not Phantoms my friends Anthony what do you think's going to happen you know everybody's panicking right now look take the panic button and [ __ ] put it on the sidelines there's no reason to panic right now okay no reason to panic right now you are in i h i and I understand I have to keep saying this you are in an interest rate decrease cycle in an election year so if if if you want me to put my equities hat on right now okay I'd be buying everything everything options Apple stock I'd be buying everything you're not going to catch an exact bottom I don't know how long it's going to we're not in a crash I always say when you when when you when you get a little when you get a little screwed up go look at the macro view on the S&P that will bring you back to reality okay all right look it we we we we had something similar to this not as bad don't get me wrong I'm not neglecting this selloff this is a big selloff it is and it didn't help when we on Wednesday when we you know when we Phantoms we had our fed meeting Jerome Powell and and that group they could have eased this they could have said the right verbage and this wouldn't had to happen I you you y'all that know me know I'm a big Power guy I'm a big Power fan I still am I don't know what the measure of why he did what he did was I don't understand the keeping his cards close they know they're going to have to decrease in September and need to know now they're not going to get a 2% inflation without they're going without starting to screw things up meaning like they're going to decrease in September so why not just say it why not give the market something to Rally about if we were if we were at all-time highs like we were three weeks ago then I get it but when I held that meeting with you guys yesterday on Wednesday I said I mean look it it's perfect timing you've had a three-week retracement now we're on a four-week retracement um I I I'll make a bold prediction I'll make a bull prediction right now I I would have I I'd make a I'd make a side bet with somebody I would make a strong bet that by time or before the presidential election price will be back up to where it just fell off about a month ago I I'll I'll put my word out there on that I could be wrong that's fine but I I I at least got the nuts to make a prediction okay because you already seen what happened did you guys see the F the the Central Bank speaker that came out this morning um and he tried to ease the caution he said listen the the GDP the unemployment is where it's supposed to be but at this point that's not so you know he's trying to he's trying to come in I forget which speaker it was it wasn't po but it was one of the one of the voting members and you know he's trying to ease people but people right now the only thing that's going to ease people is they need to hear the FED say interest rates are going to be decreased because those of you that are in trade Phantoms okay let me expl let me explain something to you the difference between a professional and someone who might and if you're somebody that I'm speaking of don't take offense to this this is just the truth if you're part of trade Phantoms you're learning to get professional training okay if you're just on here sporadically on YouTube you're you're you're you're most likely you're guessing Okay and you're part of the public and the general public isn't in on the isn't in like us like with the CME fed tool like look at the this thing look at this thing we're at I mean you know so like the general public is terrified right now and you know the more knowledge you get and the more you start to eat this stuff up you're like oh man this is going to be beautiful look it there's more of a chance at a 75% a 75% decrease look at this for for September that went up to 8150 so they're saying they're saying there has to be at at least a minimum of 50 basis points so we've gone from 25 to 50 so my thing is this once they decrease the market is going to flourish it's going to go up so why not just come out and say it you know and I I mean you know I always say this you obviously guys know how I feel about politicians and you know I think they're most banely they're all idiot they're left and the right but the I have a lot of respect for the fed and the financial people uh I don't know what they're doing I don't know why they're waiting so long to uh to to to give us this information just the the the general public needs to know people like we're sitting here as pros and we're like or learning to be pros and we're like yeah they're going to decrease you can say that with with confidence because you got me echoing in in your ear and explaining it to you why but go talk to somebody that's not in this business they're like no way they're going to decrease interest rates and it's like talking to like a 5-year-old kid give me a yes if that makes sense make sure you guys are still awake because I had to speak about that before I got into my FX setups so I love where we're at I love where we're at right now especially especially with the dollar because the market the market is getting beat up but the dollar is re the the dollar is reacting the right way right the dollar is still super bearish super um so on euro dollar today I uh we got stopped out and I I really just tried to take a quick breakout all right uh price shot up past 110 came back down I put the stop loss below the the 165 level didn't work um I didn't want to take another shot at it you know obviously I'm on an hour here right now but if you start going up a little bit um on The Daily it's not I'm not I'm not at an Institutional I'm not at a demand zone right now um not looking at a strong the demand Zone would be lower but basically you know when there's a little hiccup in between these candles and you start splitting candles like 4 hour right so we're we're sitting on a nice 4 Hour level right around a bumper on a quarter and a bumper on a penny Okay I like that price has already tested monthly and weekly Supply and it's already gone up there and touched it okay that's why I took a shot at the breakout because I've seen this happen before I if I was up early enough I would have taken a shot on it the first time because I I've told y all this to get ready for the excitement when the trends are in all right they're going to run through zones but you know you had a little hiccup today so um which is fine which is why we're waiting for it to get back in dollar Yen still still obviously the big mover what did that get down to well I I canceled that we wouldn't have got filled anyways what did that go down to 14969 what did I have it at what did I I cancel that I'm G to kill myself if it's no I'm not going to kill myself but what did I have it at I had it at 140 135 so we still wouldn't have got filled ah that makes me feel so much better [Laughter] we were still 34 Pips short okay wow tell me something is this like Futures now is Dolly Yen like the new Futures trade I mean the price action you're getting from this thing alone is ridiculous it's unbelievable I mean you could just trade numbers and I mean you got to stay TR Trend effective right now but you know if you're trying to put you seen me I went in for a reversal today I went in for a reversal on the dollar I tried I did try you can't you can't hate on me for that I tried to do it and uh look at you got a 300 pip move up we just we didn't we missed it but this is this is when FX is fun this is when FX is fun and I'm glad you guys that have been patient enough long enough to see it are getting a chance to see it right now because this is when FX is fun man we tracking we alive out there in the world in Phantom land now I the reason why I just want to do a general discussion is because there's not a lot of retrace so I don't want to I don't want to I don't want to over I don't want to over leverage right now coming into this event tonight because I'll tell you what if you if you held on on Friday I do Liam I do but Liam the question is how long do they wait to tell us I I do I do I I I really do who's that who's that uh is that my man right there sing so and sing you see you see the chat that I You' seen what I wrote in the chat I'm with you I'm with you but I think we might even get a surprise from them we might get a decrease brother so I think I think Australia is a really safe play tonight because in my opinion even if we you know if you go over to the calendar so there there there's let me update this cuz sometimes they change things so let me just make sure that I'm I'm giving you the right info so midnight yep no projection on change of rate so you know obviously we're looking what's going to happen in the monetary policy statement Singh did we I don't think that so Singh I don't oh they are they added that sing you see that they added the conference they added the press conference did you did you see that man that's huge that's huge huge remember that that wasn't up there last week that wasn't up there that's big big time Big Time that they added that that means they got something to say that means they got something to say tonight's gonna be fun um I don't want to go crazy with trying to get in trades today just because I kind of feel like tonight's you know is is is a is is a big Tipping Point good tip good Tipping Point for us uh to start getting reared up and ready to go and you know basically what I would say is you know if if if if some of you didn't close on Friday when I when I did and like you held on then I'm I'm I'm I'm happy for you man you're still collecting on on money you know just don't get too greedy man because I I've seen these things flip flop there's been a lot of price movement in One Direction in the FX Market lot of price movement yeah see man yeah I'm not even I'm not even willing to go there yet because I mean look at it so sing I mean listen at the end of the day at the end of the day we're still we're still being cognizant of institutional order flow you're in you just whacked off monthly demand brother we were calling the 140 level last week it's almost made it I mean this is amazing this is amazing and the FED hasn't even 100% signaled they have not verbally come out and said it's G so yeah I'm with you we don't want to miss this Liam what did you say about five o'clock you said an announcement at five what is that what's Mr Green missing there good core good oh yeah just just a thousand Pips just nothing I'm glad I'm pumped I'm pumped for a lot of you Liam we're gonna we're gonna talk about that because that's important hey I'm pumped for you guys because you know a lot of you some of you guys have been with me long enough that you've seen these kind of markets already but there's a lot of you that have recently signed up for pro you know and I'm going to give you guys [ __ ] credit you're earning your battle stripes in FX like it's been it's been a tough year like in the last 10 years I mean yes I'm profitable for the Year this is my least profitable year in 10 years at this point I'm usually up about 30 or 40 more perc I'm not it's it's been hard but it's I'm glad you know from a teaching perspective I'm glad that you guys are getting to see this because this happens you just you know so some of you that have just gotten new to this market and you're like oh my God this thing's like you know watching you know watching snails move and it has been but it's like no it's moving and don't get me wrong it'll go back to that at the same time sometimes but we should be all right we should have some consistent movement for a while 500 pm da speaks is Da uh is he a voter oh I wrote it wrong I wrote Dolly me Gary Daly is President and chief executive Aus Federal Reserve San Francisco she is a voting member remember I told you this before voting is important she's a voting member okay so so Liam we got to get we got to get short USD we got to we got to we got to figure out what's the best one to do it well we got a position set up I say we be patient so we're we're set up we we're waiting for a little bit of a kickback on euro dollar and that's the one I want to get in anyways but if we're not uh hey man listen brother if you're going to speak if you're going to speak numbers brother you got to speak them right 45 is not a dime it's a wild card dude come on sing you my A+ student come on dude stop calling these things right it ain't a dime dude it's a wild card or a quarter or a penny but it's not a dime you know this I have to give you some make you sometimes man I'm like you know I got to make you guys do like uh like physical exercise to to punish you for these mistakes thank you thank you Mr Fox thank you Tommy thank you sing's going to look at the sheet right now he's like I think Mr Green's lying to me uh so just a little heads up for y'all yeah we got to do push-ups so Aussie so we got to get in something before five o'clock we have to so the the the the smart play is this let's just go to the calendar yeah they pan they're in P they're panicking I I I like when people make mistakes so and then they realize that they screwed up uh let's see if anything on FX live so B CNBC halftime report team is not worried who's that who's the halftime report team this just shows you that I watch no news with this kind of stuff all right so we're going to make money off Aussie tonight that's our game plan dip buy continue to wait into equities Commodities and cryptos so you're getting a lot of yeah so price action all right you got you got four hour you got four hours of a turnaround this is the stuff you got to look at on the S&P this is this is the stuff guys trust me okay that's where the selloff began now I want you to look at this since that selloff has there been there has not been four current candles like that four four one hour candles concurrently making that much of an up move give me a yes if that makes sense to everybody all right so these are the things we want to look at so the dollar I mean the dollar is not moving right but I mean that's not a huge up move it's not like watch watch the market bigger move dollar no so Gold's coming back up the dollar listen this is one of them cases where the dollar is going to have to correct itself because it's been on such a landslide so it's like it's like it's breathing it's one of them let it breathe moments so here's what I'm going to tell you um I I'll probably I like the one for 45 area too but I'm going to wait I'm going to wait until about I'm going to wait till a little bit of the day because I'll tell you sing I'd rather get in uh I'd rather get in euro dollar are you a phantom MJ or are you just an innocent bystander getting caught with trading shrapnel cool cool cool yeah we are we do it I try to I do it once a week blue does it a couple times a week MJ um but yeah I try to come I try to come on every Monday I didn't last week CU I was under feeling under the weather um but it's something new that we've started up we're kind of trying to build up the YouTube database cuz there's a big talk of uh Tik Tok no pun intended talk Tik Tok uh obviously we know if they're going to survive all these uh foreign policy bills and all this crap so kind of trying to get uh YouTube built up a little bit so yeah hey if you're in Phantoms please subscribe to the channel that's always helpful if you're not in Phantoms uh you can you don't have to it's up to you so I want to show you this because I want to get y'all ready oh just an FYI I will be on Tik Tok tonight those of you that follow Mr Black because Mr Black is put on his trucker boots and driving cross country all right so Mr Black so we might we might get filled here we might get filled and if we get filled here then we're good then we're short on the dollar um that covers that sing what do you think you like my Euro AI selection oh yeah it's coming back down too brother look at that look at that beautiful oh we're gonna buy the dip oh we're gonna this I looked at them all saying I I found y oazi long to be the best this was the best one I found I don't know if your head somewhere else oh yeah absolutely uh it's kill yeah absolutely he'll be doing it Mr Black Miss so what we need it could be dollar Yen but I would like to separate separate the Yen Pairs and find another Yen find ourselves a Yen pair besides dollar Yen now if we do that we're cooking on all levels so the problem here is when you start looking across the board there here's a problem with the yen it's fallen so fast I mean it's not a problem but you like you can't listen you guys know I'm a trend guy everything that I'm saying about central banks is happening as we speak but you can't neglect price running into monthly demand levels you just you just can't yeah what Australia Liam oh oh oh oh the oh the uh the uh that I would Google uh I would Google YouTube and and just see if you can get them sometimes Liam Forex live will do it but that F like a Fed speaker you might not get on TV they might just post their comments so you'd have to you'd have to look for it I'm not gonna because I'm not I I'll set up a trade and if the trade works it works if it doesn't it doesn't but I'm not going to watch it like we would so like pound Yen guys I'm going to say this is one of them periods where we just got to sit on our hands for a a few days on the Yen until something fancies us because actually I I like [Music] swishing you see this sing this is the trade brother this is the trade at least you don't get murded on the swap it's not falling as fast because the Swiss has strength but there's more Running Room look at that price just punched through price just punched through a punched through a uh monthly demand this might be the trade this might be the trade it just it I don't know Liam it has been though it's one of them things man something that's a little over my head brother I don't know but this is all chop but then again we might need we might you got to remember the Yen move the doll we might want to get back in dollar Yen because the dollar Yen moves that happened mainly happened because of the of the Yen not the dollar so um let me just write this down so trades we're looking at we we have a Euro Aussie set up a euro dollar I'm sorry euro dollar setup uh dollar yen is still in play we're not we're not in it but we're looking at it uh Swiss Yen looks like something that's entertaining and then tonight we know we're going to Market order Euro aie in that fed meeting so um that's it that's really it for today I I want to over trade today if you're already in positions good don't don't chase price action right now because this is one of them things where it's like you know you tra breakout trades are good but you at the same time you don't want to uh you know sometimes you're a little bit past the move which we might be right now so you know just kind of keep it safe I'll uh I if we're not if we're not filled on the so Liam we got a limit order set up on euro dollar if I get filled on that then I'm not going to place a market if I'm not placed on that I'd probably say about 4 o'clock go market for the dollar the Aussie we're going to do it midnight so cool all right cool guys listen you I'll be on Tik Tok tonight too around 9 10 o'clock and then for those of you uh oh I'm doing a class we have a class Liam we got a we got a Fed class tonight man I'mma go in and make some announcements anyways all right guys take it easy have a good night have a good day I will see y'all later no 12 12 class starts at 12 got to be early got to be early start class starts at 12 all right peace out y'all