🔴LIVE DAY TRADING | GOLD & NQ | VOLUME + ORDERFLOW | EPISODE 119 | GC / XAU USD - NQ / NASDAQ transcript

What's happening my friends? Welcome back to episode number 119. Hope you guys are all doing great. It is a beautiful, beautiful Wednesday. Wednesday [snorts] morning for myself, Tuesday night for you maybe. Let's make it an epic stream. We have our gold pushing higher. We actually have an amazing confirmation now which is actually very nice to talk about. I really look forward to share this information with you. Looking at the daily order flow, the daily time frame, the order flow on the daily.

It's actually very interesting what we're seeing here right now. But that is something that has to be addressed. We cannot neglect that when we look forward into the uh into our projections for gold. Oil is dropping a little bit. Yes, oil oil is coming down. Look at that. Oil dropped pretty hard yesterday when gold finally came up a little bit. So that is an important tell. And uh yeah, looking forward to to talk about everything pretty much with you guys here.

Andreas, welcome my friend. Jo, good to see you. Pot my friend. How are you doing, Manu? Good to see you. William, what's happening my friend? What's up? How are you? Uh Karen, sorry, not Karen. Karan, sorry. Karan, that's the name. That's the word for it. Easan, yes. Catalin, yes. Farukq, [snorts] Ivana. Yes. Any other names? I recognize Zaza. Derek, the man, of course. Of course. Julian, of course, and Jimmy. Okay, amazing guys.

Let's get the party started. Uh, hope you guys are all doing well. Uh, let's make it a great stream today. And as always, you know, we're trying just to be and do our absolute best. That's it. Nothing more we can do. Absolute more than our best. And I hope and I expect the same from you. All right, let's make it happen. >> Welcome back, baby. >> Do it like that. Do it like that. >> [music] >> Then do it like this. [music] [music] >> [music] [music] >> Heat.

Heat. [music] >> [music] [music] >> Like that. Like this. [music] Like like like that. Then like like that. [music] Like like this. Like like like that. Then like like like this. Do it like that. [music] Like that. Do it like that. [music] Then like this. [music] like [music] this. [music] Okay, [music] welcome back my friends. [music] Goldie Goldie. What is happening today? Yeah, oil dropping. Oil dropping. Look at gold rising.

Took it took some time, right, for gold to finally make that move. We saw a reaction from that low volume note still at the 39 and we we did intend it to drop. It came down around 200 pips and then whoop nope again and try again and it kept pushing higher pretty much until right now at this current moment. Gold has been finding that support of course at that weekly demon zone [music] and now is kind of reactive from the weekly demand zone.

Right now you can see clearly that we are actually reacting from it [music] also on the intraday. Right? We're no swing traders right now at the moment in any [music] way shape or form. Right? We're not holding on to a trade. We're not putting our entry there, our stop loss there, [music] right? We're kind of seeing what's going on right now. Uh well, we are reacting from it. We cannot neglect that at the moment here.

Look at the dollar. The dollar is still strong. It's not that the dollar is weak at all. [music] Okay? Matter of fact, we are reacting from that resistance right there at the top right [music] there. But it is not weak, right? We cannot say, oh, the dollar is weak. Uh matter of fact, the dollar is actually holding up really well. But anyways, [music] we did reactive from the daily resistance right there. Okay. Well, that makes [music] sense.

That is something that we will uh take in account right there. Look at the dollar. Look at what we're currently seeing here. And uh then we have oil, of course. So, right, oil has been actually [music] getting rejected from that supply zone and it broke down yesterday quite hard. And it might have to do with another news event or whatever the case be about. Maybe, maybe yes again. Maybe yes. Maybe no. Maybe yes. Maybe no.

Yesterday was a maybe yes again. And therefore, [music] whoop, in supply rejection now back at support, almost back at that next support at the uh 87. 87, very close to that already. But anyways, that was a drop from oil yesterday. What else do we have? The yields. Sorry, I look at the chart and it gives me goosebumps every time. The yields pushing higher. uh cannot be stopped at this curve moment here but it's also in resistance of course monthly resistance we talked about this already uh yeah we are in monthly resistance there it's just very strong still but very strong um but again it is not directly correlated always to gold as you can see today but you can see that um yeah the user are slowing down a little bit but there is nothing there giving us any signs of what what we call weakness right it is not weak it is very strong.

So there's nothing we can really do or say from there here besides the fact that gold is in demand and that we are reactive on demand and that we're actually trading above and this is actually the most important. We're trading above the most volume uh of this week so far. So we have the open right here. This the open line. This is the Tuesday open and this is the Wednesday open. This is right now right? It's the Wednesday.

Yes. It's the daily candle open. Okay. Okay, the new daily candle has started. Maybe for you some of you guys, it's still Tuesday, but the new daily candle has opened here, okay, at 6 p.m. EST. And you can actually see that we are above the point of control of the Monday and the Tuesday and above the value area of the Monday and the Tuesday. But that is important information actually to take in account, okay? Because that is actually something that you have to do take in consideration here.

And this brings me back to the daily order flow. Look at that. The daily order flow is very interesting actually. Look at how much volume was traded on a Monday. That is significantly higher than the 1 2 3 4 5 6 7 8 nine days before that. Look at that. You had nine days of volume. 1 2 3 4 5 6 7 8 9. All below the 200,000 contracts in a single day. Okay. Whoop. The big one was there. Okay, that had to do with the FOMC.

After that, not a single day above the 200,000 contracts traded until Monday. And look at that huge green delta. That means there were more buyers than sellers there. Initially, it was more bearish because there were a lot of buyers trapped. But now we are back above it. We closed a daily candle above it with that same PC sitting at that same level. So you can see there is a lot of volume traded around the bottom of this area [music] while being in the month.

Okay, higher time frame demand right here at the lows. Okay, so that is kind of interesting to think about the fact that there is more volume traded at the bottom than actually at the top right here. [music] And this potentially allows me to think that we could make a bit of a deeper pullback. Okay, I'm not saying that we're bullish in any way, shape, or form from like a macro perspective, but what I am saying is that there is a chance that we could make or we might make a little bit of a deeper pullback specifically to the lows, okay, the 4230s, something like that.

Pretty much the lows of um the previous weeks, right? That area right there, that major resistance that we're kind of seeing being up there. Okay, that's kind of this area where we actually held that initial support many times over until we broke it. Then we could potentially maybe make a little bit of a deeper support according to uh that volume. So pullback maybe maybe look for a deeper support and then yeah the question is breakout or rejection right and a continuation of a um of a sell afterwards because I'm no longer I'm still from a macro perspective.

You can look at the dollar. You can look at oil still finding support again. Um the youth you can just say this and I'm not that quote unquote that bullish from a macro perspective on gold. Yeah. But again higher time frame support um you know we have seen a lot more volume traded at the bottom here which makes me believe right now at the moment that we might look for support somewhere in the middle of that range which could then induce us to go up one more time.

Okay. But that is kind of what I'm personally looking for. Um [music] long-term bearish still for now shortterm maybe pullback longs uh is is something I would be looking for according to that uh information. Now okay one thing is is for sure um we have to watch and see what happens because the daily profile of yesterday is sitting right here. This is the value area high. Okay, we always mark out the previous day. You guys know that already.

We mark out the previous daily value high. The very high is there. I think we have two of them. Correct. We have one here. Right there. Yeah. So, we have the very high. Okay. And we have the very area low. All right. We're trading above that. All right. So, what we want to see is what happens when we pull back when volume kicks in and when we actually do something like this. Okay. We get towards this point inside of the previous daily range.

We also have a low volume note. You see that sitting right there? That is a maybe an interesting thing as well to look at that low volume note. So I would love to see what happens here. I would actually love to come down right now a little bit more right getting back towards this point which is actually that point as well where we could potentially look at that on the variation again because we will be on the void when we get there.

If we get on the very we have seen something like this and we will be done potentially at the very high and at the um yeah on the variation as well. Okay. So we will be watching that very carefully uh until we potentially could come down here. But for now, I think that at the moment right here, and I have to watch this. Uh, we're below the VWAP, right? We're also below the Let's go to the 5m minute. We're below the VWAP.

And I think we're below the PC as well. Yeah. So, question is, is it worth trying to take it down to the point? All right. That is another question where we're kind of seeing that we are getting rejected at it. We are breaking down. The only thing is you guys know what's going to happen in 8 minutes from now and that is that the China volume will come in right the 900 p.m. volume will kick in and for now we're still holding that support and when that volume kicks in a lot of manipulation happens usually around the time period as well here.

So I I actually prefer to wait for that hourly closure to wait for the volume to come in at 9 which is in like 7 minutes 6 minutes from now and then see what the market does. If we already dropping, it's fine. I will wait for price to get there and then see if we could get a reaction from it. Um, if we are still there, right, and we're kind of hovering around. Yeah. Then, um, maybe we have to kind of wait and see here.

If price rebreaks the highs, there's also another one. Look at that. If we rebre those highs, we're clearly getting rejected there right now, right? Um then I would also look for contation longs towards the uh the next major resistance which is the level that we just talked about the 42 something 4200 to begin with. Okay. Yeah the 4200 uh to begin with but that is uh that is after that. Okay. So either yeah we hover around here.

I would love to short. The only thing is the timing is not something that I'm really liking because we're dealing with the with the China volume in 5 minutes. But um yeah, this is still definitely a point of interest that I'm watching very carefully the the retest of the value area and then watching what happens around this level, the low volume note and this area particularly right there. And um yeah, we do have the point of control of course sitting there below as well which is around the 50s.

That's also like major support. Now, that is exactly what we talked about on the charts. That is this level. That is a daily support right there on the daily, right? That is a major daily green box that we talked about already right there. Okay. If you guys have the patience today, then that might be a very more beautiful area of interest. That could be u definitely case. Yeah, that could be a very nice point of interest.

If you guys have the patience for it though, right, we call it the current weekly P right there. Current weekly P. That is a major volume. Okay. So, anyways, we're below the P. We are below the VP. So, will the volume bring gold down towards that point of interest? That is the question for now. I'm also very curious to see if this is the uh this is the case. All right. This week, by the way, we have news. We have major news at the end of the week.

What do you think it is? It's going to be a big one. It is going to be a big one. The NFP, my friends, the NFP. Yes. The NFP on a Friday. That will be big once again. >> Yeah, it's very tempting to be honest to take a short here and see what happens. It is very very tempting because we are below the VWAP and we are below the low volume note and the PC and we know there is not much happening in between here except for the previous daily V area.

I would understand why you would look for shorts but keep in mind when volume kicks in out of nowhere right well out of nowhere the 9 p.m. volume which is very traditionally where the volume kicks in lately. It's very it's very precise. It happens the first 15 minutes. is very precise. That's when you can see that price could do some random things. Okay. >> Stop loss will be big for selling. I mean not really. That is not big stop loss in my 80 80 pips.

The target is damn bigger, right? The target seems to be bigger. But anyways, need to wait for the V. I'm waiting for the V to kick in here. This is my POI, my point of interest right there. The box that you guys are seeing here. That is the the point of interest. But 80 pips is not a big stop loss in my opinion. Personally, I don't think it's a big stop loss. It depends where your target is. Number one, if your target is bigger, not a big stop loss.

Secondary, your stop loss needs to be where your stop loss needs to be, right? And if it bigger, it's bigger. And if you if you kind of cannot handle like a big stop loss, you know, you're forced to take 20 30 pip stops. Yeah, you you need to really figure out if that part of your edge if that actually really works for you. But that depends. Okay. Yeah. One minute. On the other hand, if you close below this, then it will be very interesting to watch it because that means we'll be we'll be finally closing below those uh below those area.

This will turn into resistance too. But again, why do you think we're bouncing? We're bouncing from this area. So, you're kind of in the middle of those two zones. But yeah, I'm watching this zone the most, my friend. This one? Oh, thank you. This one or maybe this one. Okay. So, I'm watching this one the most right now. Very high of the previous day. Low volume note. We do have the major level there. That That's the big one to be honest.

That's the big one. But the urgent level in between that is that level. Okay. China, show me what you got. Show me what you got. Okay. Okay. Well, that's that's relaxed. That's chill. Nothing too crazy. Is China holiday? No, that's tomorrow. Tomorrow it is um China n national day. That is not today. That is tomorrow. Yeah. Okay. Well, the dollar reacts relatively bearish. Oil doesn't seem to be strong at all, but it's holding up.

It's still above the VWAP. Actually, it's still there. Yeah, that's what I mean. That is why we wanted to wait [music] for China. China to kick in. China. Yes. Okay. You never know when the volume kicks in [music] or when quote unquote the volume is supposed to kick in. What really happens? Okay. From 1 to 7, China is in holidays. Yes. Is that the the whole week? Is that true? Is that the whole week? I didn't [music] know that, by the way.

Is that the whole week? That is the whole week. You're right. You are correct. The whole week after that. That is true. All right. We see green bubble. To be honest, if this would flip bearish again, retesting the VWAP here, that would not be a good sign for gold. I think we're below the V up and the PC of the day. We're just still above the V area, right? That's kind of the main thing. We're above the V area. So, we cannot call this like a range manipulation play or something like that because we're above the very area high of the previous day.

And there is nothing here pretty much that's that's giving us an POI at the top here. So, it doesn't specifically fall into our setup. But if gold gets rejected to then I think we could get potentially get to that point though is the strategy only works at 9:00 p.m. Not necessarily but so certain setups. Yes. I mean there's a lot of times when that manipulation happens in Asia. That's true. That's one setup that we trade.

Uh, we're at the fair Monday. Really? We are. That's true. That's true. How much is that? 1,200. Huge resistance there, man. Wow. might be a short scope. It might be. >> It might be. We can definitely see the resistance there. It's It's having a really hard time. And the major target that we will be looking for is the U is that low volume note. It's not a big one. Sculp, I would say. Yeah, the goal is to look for something like this, right?

That that is just the main thing that we're looking for. See if we can get down there. Can get under value too. We need on the varation, by the way. Pretty much following up with this trajectory right here. Pulling back an very impressive how long how how strong it's still holding but Oh, Laja, how do you handle a losing streak? The same as always. Just keep going. Nothing changes. Nothing changes. No adjustments. No adjustments needed.

Just keep doing your thing. Uh you're going to It's inevitable, by the way. Sometimes it's inevitable. I do have moments where I'm like, ah, maybe I should take a little break or something like that, but it's mainly when I up. Not when I personally am in a losing streak or something like that at all. >> That's not when I like to u to quit, but it's usually when I make like a stupid mistake or something and I could just tell that my mind is not like sharp anymore.

[music] I take a little break, like a couple days, but that's usually when that happens. That's not really me entering a losing streak. That's just me not being sharp. When I enter a losing streak and I do everything right, I would not change it. Why would you enter on a low volume note? Is it price supposed to fly through the low volume notes? Hey, good question. Very good question. Uh, you will see today. You will see today.

Where is it? Love not it's uh between the 4166 and uh 6. So it's like that that reaction right there. But we are facing resistance now. So we do expect like a bit what we're seeing like now the question is can we get there right in the first place? And it looks like we can because we're just not able to break that resistance right here. From a risk of war perspective, I mean, it's it's okay, but it's not not the biggest.

Prot says, "I live right on the borders with Paraguay. When I need electronics, I just go there. It's 20 km away. Is it cheaper there? Very slow slow grind though. for gold today. It's a slow grind and I want to see that on the variation. I really do. Put the 10ear yield there. Let's look at the dollar. Yeah, same thing. Why did I pick the 10ear yield? Because it was so strong and the gold reacted so heavily to the yields.

All right. Very curious to see what happens in that low vi note. Really, cuz it's not that far away. Talk about it. Yeah, support is going to be at the very high of yesterday and the low volume node of yesterday. So, yeah, I do expect that like I I I would not surprise if we pull back there. We're below the VWAP and the PC, but we do have to account for that major major major level right there. And there was a lot of volume that came in, by the way.

And it happened at 2:00 a.m. or 2:00 p.m. 2 a.m. my time. 2 p.m. New York time where that volume kicked in, where that huge candle came from. So it happened actually post New York happened very late or post New York. Let me actually see. Yeah, post New York. That's when a big candle came in with the most volume. Why did you remove your promo? Uh, what do you mean remove my promo? Uh, you mean that next links? Yeah, I I don't need it anymore.

I I don't need anything at the moment. Let's focus on the the craft right now. I am working on some some amazing things though. I cannot you know in the back end I never stop working. You guys think that's the only thing I do but there so many more things happening behind the scenes. Currently I'm testing it with the group with my uh community. So, there's a lot more cool things coming, but uh so much better than uh promoting a broker or whatever.

That type of that type of um that type of Hey coach, is there a rule that if you open outside of the value area and we move back into the value area, there's an 80% chance that we move down to the other side. There's a very good question. Uh yeah, in a consolidating market in a ranging condition where the market is relatively flat. Yes, when the market is relatively flat, this is much more now of a expansion retracement kind of phase or scenario rather than it is a ranging condition as we're seeing right here, right?

This is much more of a ranging condition. So, um it depends on on the context of the market as well and the condition of the market, right? That's where there these nuances come into play again. and we closed outside of the area today. We are also above the um above some major key areas. We're also dealing with weekly lemon. [snorts] Yeah, it's it's interesting. It's very interesting to watch what happens there. Lora, did you hear about Trading View charging creators?

Um, I read something about Trading View. I did read about Trading View. Something about what was it again? Indicator charging or something. What What is that? Yeah, something. I I I read it quickly, but I didn't really pay attention to this. Charging creators. Is that real or was it was it a fake uh a fake move? Is it actually true? Wait. Trading View introduced a controversial $29.95 per user. Per month. Per user. Per month. technology fee for creators of invite only Pycript indicators.

Well, guess what? I've been giving away like a ton of them. Number one, I have like a hundred hundreds of people uh that are active right now under that indicator. Not hundreds, but at least a hundred. I don't know. I need to calculate that. per user. The new 20 technology fee policy creators are built $29.95 per month per calendar month for each active users exceeding the or exceeding the 100 user threshold on invite only scripts.

The trigger it applies regardless of whether creators give the script away for free or charges for it. Oh, okay. All right. Okay. Okay, now we can talk. Okay. Okay. I don't give them I don't charge them for anything. So for me, I don't think I I'm in an issue. I don't face any problems. But again, it's a bit stupid, isn't it? I mean, taking a percentage of the of the fee, I can understand because it's your platform. But charging a fixed $29.95 per user is crazy. >> That's ridiculous.

Actually, >> that is that is what we call greed. And that can ruin a platform in my opinion. $29.95 per run per user. I mean, why would you like an indicator would potentially not even cost that amount of money? So, how can you charge that? That doesn't seem to be adding up. Okay. Yeah, that is insane. That is a bit crazy, guys, to be honest. But okay, the Trading View um is now at that point where they're like, you know, we're missing so much money because all these people are creating indicators and they're selling it to other people.

So, I think they're feeling it's kind of hurting them a little bit. Can't take that. Oh, we're not making any money over that. And I think there are a lot of people that now don't use that um store that they have built where people can create these indicators and sell them on the store. Before it was not there. There was no store. You had to create your own website. You had to like sell it under the over the counter.

You had to sell it to people on the website in your community, you know, things like that. And [snorts] then you gave them free access pretty much on their platform, but they bought it actually from you in the back end. I think that Train View realizes that and they thought, "Okay, We're missing out on a lot of money. Let's make that store." But now nobody using that store. So now they have to charge people. >> I think it's a bit of um a third world order consequence.

Anyways, how many people do we have on the stealthation index? I'm actually now I actually want to know that. Um 86. Huh? Yeah. 86 people have it. Wait, is that possible? How is that possible? That No, that can't be possible. No, no, more people. More people for sure. You're right. You're right. You're right. You're right. You're right. You are right. You're right. 371 people have the indicator. Okay. If I would get charged per user above the 100 $29 a month per user.

I'm not sure if it's monthly. Yeah, it's monthly, right? Per month. Yes, it is monthly. That is 29.95 times 200 and 71. That's it. >> Okay. Well, we're getting already to the low note right now. So, uh, wow. No, we don't sell it. So, I don't think I don't think it's an issue for us. We don't we don't actually sell the indicator, right? We give it away for free. So, Okay, price has been coming down. We did see this uh this push.

Uh we're tapping now into the VR high of the previous day. So it is actually a very important moment already right now to see what's happening around this area. Uh buyers are trying to step in but they're failing. So there is definitely more downside pressure now for gold. I think that oil is still holding up well. Yeah, oil is above the VWAP as well. It is not pushing down. It's actually holding up. So you can see that there is some pressure for gold which makes uh which makes total sense here.

So it's it will be important to watch what happens inside of the level. >> But we're literally at the very high right now. We're reacting from it. Look at that on the pip. Yeah. valuation is not okay. Okay, we're getting we're getting down there now. We're getting down there. But I I want it to drop a little bit more. I want to see a bit more aggression. I did take a quick sell trade. Made small profit. Okay, well that's good.

Yeah. Yeah. No, I know. I know. And it's only [music] for paid. If you would sell the indicator, then you would get charged even though it's a crazy number. $29.95 per person is crazy. Some people would sell their indicator for $20. So, you would [music] lose $9. You would lose $9 per person. So, I I wonder what the nuances are because it just doesn't make any sense to me. But anyways, any logical sense to me. If if someone would sell an indicator for $20, they would get charged 29 by Trading View.

It doesn't make any sense, right? There there must be something behind that. For us, it will not be an issue. We're going to give away the indicator for free multiple multiple times over. So, there will not be for us. It's It's kind of irrelevant. kind of irrelevant for us. When is your next giveaway? Uh, Friday. Yeah, we we I decided this makes the most sense, the weekly closure. That's when we will do our giveaways.

I think that makes the most sense. Yeah, Friday is a good day for giveaways for that for that indicator. That indicator giveaway. Absolutely. What do you want to see? I want to see in the 15 minute a little bit of an absorption happening. Right, we're not that far anymore. We are literally there. Super close. Going to mark out the box right here. That is that low V not that we're actually seeing on the [music] chart right there.

Okay, so it's very close. We're going to watch what happens. What happens when we reach that point? You see, can you see also there is 188 contracts sitting there. You see that 189. So that's significantly more than what we saw in between. Okay, that is significantly higher. The 300 right there was also a point of resistance. You see that it couldn't break. That was right here. 300 limit sitting there. And we have now right here around 180 sitting there.

Okay, in between there was not much happening. Now we're going to talk. >> Now we're talking. That is that low volume area right there. So I want to see just getting and tapping into that. Hopefully we get there though. Not not now. Hopefully we actually tap into it. Is it 70 or 75% of the area? It's 70. uh yeah, previous daily very high. We know we are we are there. Uh just was was looking at the low volume node sitting right below.

I hope we can get in. I hope I can get in, man. I really want to want to actually get into that setup right there. How close was that? >> I still think we can to be honest, but let's see. Yeah, I still see the rejection there. We'll be fun to watch what happens when we drop again. >> It's definitely buying interest here, my friends. Like like I expected already. It's definitely buying interested [music] here. Buying interest here.

Sorry. Yeah, previously very high indeed. with a bit of focus, my friends. You know, when we're getting close to our POI, we need we need a bit of focus. Can't play around too much. We can't play around around our area of interest. We're already getting rejected there. We did see some news. Some China news came out. Australian dollar too. Yeah, let's go to the five minute because uh something is happening here. We are clearly reactive from the f from the um from that low previously very high already.

We're also in this box right here. We know we know how important the level is like we have been watching this level very closely. Uh the trend is still up. I mean from the weekly demand right we bounce from weekly demand. I think that's always important to mention is we are reacting from that weekly area of demand right here. It's a weekly demand zone that we're in. Right? That is what we are reacting from. Now yesterday it was still okay.

You know, you could stay in a range for a long period of time, but because we closed above major volume below, which is what we talked about right here on the higher time frame, right at the daily, all that volume was traded at the bottom. This is weekly demand. All that volume was traded at the bottom, not at the top here. So, if you close above that is usually a chance that you're going to make a pullback back towards the break.

And that is there. That is that breakout. Why? That's [music] where we experienced the breakout and that breakout came from there. Okay. Now, there's usually a chance if that happens that we pull back to that breakout point. I'm not saying that we're bullish, that the marker is going to change. We're going to go to 5,000. I'm just saying that there is a chance that we might pull back towards that point of interest, right?

Where we actually broke that initial support turning into that resistance and we could even see rejection again. We could even see a reversal again. But that is just now the fact that we're holding that with so much volume here shows us that we are maybe going to pull back towards this area. So that brings us to the lower time frame, right? That brings us to where we are and you could see that this is where all that far was traded like a range, an area of consolidation.

We broke out of that and now we're kind of for the first time testing retesting that point of interest. Okay, that kind of formulates that smaller trend that we have been building right now at the moment where we are kind of like creating this uh series of of higher highs and higher lows right there. But also just range breakout range breakout. So balance unbalanced balanced unbalanced and are now testing the very high yesterday.

Okay. So initially today uh we saw a bit of a sell off because of the Asia China open below the point of control of today and the VWAP. But now we're finding our first point of interest, our first real point of interest which will be in my opinion at low volume note. So I'm watching that carefully. in this case. Yeah, you could tell it was good to not rush into it. Oh, you see the reaction here. No, this is what we have to really watch out for.

But it's interesting to watch what happens here because every time a price comes down, these limits increase. in the bottom. There's like a huge block there. You see that? 296 the high of day. Couldn't break it. Then we had nothing in between here. And now we have what? Something. The 190 and the 118 right there. You see that? So that's where we are and that aligns with what we talked about on the chart. That is the low five note.

So let's go to the five minute here. I think it's worth getting [music] now to the lower time frame. What was your biggest psychological mistake? Uh, not understanding the power of stop- losses and respecting the power of stop- losses. All right, it's a power. It's not a loss, it's a win. It is a piece of information that could give us the next possible idea. It's not the end of the world. That is what I learned about.

That was our biggest psychological flaw. Me holding on to losers and not having a stop loss or moving my stop loss way too far, but actually just having a stop loss there. But the moment it would get there, I would say, "Ah, no, it's got to be there and I'm going to move it down because it's probably going to go lower." But then it's almost there and then it's already so much more risk that I'm like, "Ah, now you know what?

Let's just remove the stop loss. Let's see if I can save the trade." So, it became an emotional trade. [music] It didn't became a logical trade. It became an emotional trade. And the moment it becomes an emotional trade, that's when the stress kicks in. That's when my hair turns gray. Okay? That's when my energy levels go down. That's when I don't sleep well. That type of mentality, right? So, it is not just losing a position that is the issue.

It's accepting defeat number one, which is actually very healthy. But you know what? And I talked about it with the community. I said, "Yo, it's not always about the losing trade. It's also the opportunity cost." Okay, the opportunity cost is where the real problem lays. The opportunity cost because guess what? If you're stuck in a position, you're going to see the best trades happening in front of your eyes and you can't take them because you're already stuck in one.

That is the real problem. It's you're missing out on the good setups that happen in between that you cannot that you cannot take. No, it is better to cut a trade or to hit your stop loss the way it was supposed to be and get into the next one and hit your stop loss again and get into the next one and hit your stop loss again because every time when you do at least you have some sort of level of control of the outcome.

[music] You can pick the next setup. Once you're stuck in one, there's nothing you can do or pick anymore. You are now glued to your screen. and chain and that's it. So accept defeat my friends accept defeat move on and your stop loss should be an invalidation point. That's why when people in the chat say when I'm in draw down right and I have my stop loss at a certain level and they say Lorenzo you your stop loss is my TP.

I'm like, "Yeah, right. Well, that's stupid." Because my stop loss is an invalidation point. That means if that gets hit, it probably goes down further or the other direction, further. Okay? So, your take profit should be lower or it should be higher. Not exactly where my stop loss is at. That doesn't make any sense. You know what I mean? So, anyways, it's an invalidation point. Okay. it is acting as an invalidation point.

So if I'm wrong then I know okay well then at that moment in time my bias is probably incorrect. How do we call them guy? How do we call those guys again from the Lord of the Rings? My >> precious Those those guys they only come out of the dark. They come out of the cave when I'm in draw down. They don't come when I'm in profit. Okay. 70% of the time they come in the 30% of the time when I'm in draw down. They come out of the cave.

Out of a dark cave, a dark wet cave. They come out. Yes. these gremlins. Okay, but we are finding support, my friends. We are we can kind of see that uh we're getting closer to that area. We're still not in that low volume node where I want to be, but um yeah, we're getting we are getting a bit closer to it. I don't see as much confirmations yet from that point of interest there, but I'm watching it carefully. I need you. >> [snorts] >> No, but the problem is I think for all of us I think that this is when we start as traders, right?

It's very hard to accept defeat and uh to lose and it's twice as painful to lose a trade than to win a trade. Like statistically speaking, it does actually feel like that. It's actually painful for our body losing and accepting a loss. It's much harder for me to I feel uh more losing $500 than winning a,000 for example. That's just the nature of the beast. So that's all we have to deal with and what we have to learn to do with.

All right. some serious support at the very high, my friends. We can't seem to break it. Also, these limits are not dropping. We're We're holding. We're respecting. We're holding here. [snorts] We're slowing down significantly. Actually, low volume not is sitting at 46 4166. Let's look at the oil real quick. Where's oil at? Okay, oil is coming down, but we are still above the VBA. Okay, oil is still above the V. This is important for us because if the oil still um you know comes down and it starts to push up again and gold will face a lot [music] of pressure.

So preferably speaking, right? Oil need to actually drop a little bit lower but okay that's something to think about. That's one way. That's why I bleed that low at such a pretty level. But yeah, are you still bullish for today? Uh in general, yes. Yes. Yes. Yes. Generally speaking, I am still uh still bullish for today. Yeah. Even though I expected we're expecting kind of a pullback today like at least early market so Asia London early London maybe but do want to see that contation happening eventually trading back towards the the previous highs.

We talked about why as well from like a higher time frame perspective, right? The amount of volume that has been traded uh below. We talked about it >> [snorts] >> It's very slow after this initial drop. It's very slow. And that's also not a good sign, by the way, if you want to buy here. So, it's better to be patient. Wait for that low to be set again. which I still think could uh could happen. Nosta says, "I've lost 30 grand because of Trump tweets." Oo.

Yo. Hey, it's time for you to trade the Asian session, my friend. Come over to the other side. Okay. Come over to the other side. Come over to the Asian session. Okay. Come to the east. will change your life, my friends. It'll change your life. [laughter] Sometimes it's a bit too peaceful, but hey, a lot of times it's not. A lot of times it is not. There is there is action but as you use SC but use difference for sure.

Are there limit spoofers in this book map? I want watch bookmap order for live stream in YouTube but spoofers confuse me. I mean you can uh you can just watch the the side panels right there. Right. You can see the the passive orders on the side as well. It's not my main priority always, but um I am watching aggression in combination with passive passive reactions right there. You can tell there's still a lot of resistance here.

Also, the VWAP right there that you see here is significantly higher than the actual VWAP of the session. [music] Okay, the actual VWAP is sitting much lower. That is the VP that I really trust. The VWAP from the Exo charts right here, the session VWAP. By the way, I noticed when gold goes down, oil is going up. Yeah, there is some sort of connection there. Yeah, not just oil, the dollar, too. And the yields, but it always hovers around.

Sometimes it's so much more reactive to oil spiking. Other times it's the youth. It has its tendencies to adjust here. So don't take anything for granted all the time as a foundation. Okay? This is always the case. Just make sure you always confirm which driver has the most impact of gold today. Honestly guys, I can't believe we're already at episode 119 of our uh new series, the live day training series. Time really flies.

Like, think about it. 119. Before you know it, boom. 100 streams. Another 100 streams. Trading life. All right, we're seeing a little pullback, but again, it is not really the pullback that I um that I really want to see. Now, personally, there is just not enough um volume. But I do like how it's getting accepted here. It's not really that we don't see the selling pressure either. Like it's not really like um getting immediately this um you know usually when it's not when it's bearish.

You can tell that when buyers step in, they immedately get cut off, right? So you see immediately buyers stepping in, immediately flipping bearish and stuff. You don't see that now. Okay? I wouldn't say this is a bearish market right now. Still I would say that this is still much more of a upwards trajectory right now. You know yes we had a larger breakdown. We ted higher time of support. We had a lot of consolidation here but we started to make these moves.

So any pullback right now is an interesting area and we can sell. We can tell that's the case right here. What has not happened today yet? Okay, if I want to buy a breakout, if I don't want to look at a pullback, now we're waiting for the pullback. But if you don't get a pullback, what actually needs to happen for a breakout trade or a reversal is the following, right? What we would love to see is the volume shifting down because we don't see it yet.

So, I'm not buying here because it's it's just too risky. What I would love to see them is I would love to see the volume profile of today shifting down. So that means that the value area the very low is sitting right there. We're trading below that. Okay, we are trading below that. So that means that actually for continuation buys which is actually a breakout trade, you would actually want to break above the point of control, right?

And then target the highs and higher, right? Which is this area right here. If you would break above that, I prefer to go down lower and then to look for entries at a much more important area like this. Okay, inside of the V area. I think that is a much more important level and it gives a much better uh risk-to-reward as well, right? But for now, we're kind of in the middle of that and we're still seeing the reaction.

So, I'm not buying here because we're below the V area of today. Okay. And I think it's just a too risky of a setup to enter here and hope that we reverse. [music] What needs to happen is we need to break above the P control of today or the VWAP for that to be more interesting. But sometimes what happens is if price starts to consolidate here for a longer period of time. Okay. The value area actually shifts to the downside.

So that means that if you keep moving up the volume of today, the value area comes down, the value area low comes down. We are accepted inside of it. The point of control can also move down to something like this. Right? So now it's there. But if more volume gets traded there of today, then the volume of control can move down. If the product of control moves down and we trade above that and we break above that and a VWAP is coming down with it, right?

So let's say the VWAP is coming down as well right here. So the VWAP is coming down, right? Same thing. Just like that. Whoop VWAP and we then break above that with the port of control being lower. Then I would buy two. I would also target the highs. So I would wait for that to either happen for the breakout trade or simply wait for the pullback, the deeper pullback where the where the where the macro structure or the intraday comes more back into player which is kind of a more important level which gives us a bit more risk-to-reward as well like higher riskreward setup. a bit more room also to manage the trade etc.

But the idea would be if price and if you want to kind of chase the market then what needs to happen is the very area needs to shift down and we actually need to see the point of control moving down as well with that off today. Okay? Otherwise you have to wait for that to be broken and that's going to be all the way up there. Okay? And that's already pretty high. I'm not saying it's not possible because you know we have those highs there are you know we are in like some sort of continuation pattern right now right we are in like a series of continuations now we talked about the macro structure so it's not even a bad idea but it's not optimal right it's not optimal We are now at very low today.

So pretty much if you would mark out the volume profile, you can see that we're now at the actual value area low of today and we're kind of trying to get inside of it. The VWAP is coming down with it. You can see the order flow right now that we're very close at the VWAP. And that's how we use bar, which is amazing. I love the V profile. We have different setups, right? Different conditions because the usual setup is actually in the ranging market.

This would not be the case, right? This setup would we we would never look for this setup in the ranging market, right? We would be looking for a um range manipulation. So for example, we would be looking for price to get accepted inside of the value area and then we would target the opposing value area, right? We would go for the lows. We would target the value area low, right? So we would open the market. We will manipulate down.

We'll get accepted inside of the V area. We're below the VWAP pedaling control and we would look for sells all the way to there. Not now, not today. But that that's what we would do in a ranging market, right? That's called the range manipulation setup. That is a very high probability setup in a ranging market. Okay, in a trending market when the market is much more in this type of play right now. So we come down aggressively, we range, and now we're pushing back up.

It is all about where is the most volume traded yesterday, right? Was it below? Okay, we're here. All right, that was the most volume this week. We're trading above that. We're seeing kind of an upwards trajectory right there. Right. So that becomes a point of interest according to in this case a low volume area. Right now that is another thing that we look at. But anyways, that's one part. We call that as a low volume node pullback setup.

Okay, that is the low volume no pullback setup right there. So that's a completely different setup than what we will be looking for in a ranging market. In a ranging market, that range play setup has a 70% win rate. It's a very high probability setup. The low final pullback is similar. However, the low final pullback tends to have a bigger risk-to-reward ratio on average. That is that's why it's still my favorite setup because of the the return on investment pretty much the return on investment.

We call that the low volume note pullback. Okay. Intraday trend following expansion low volume load value area high or the value area with an overall deviation and usually you target the current day or the previous daily high or low in this case the current day right that's kind of like the target and usually the continuation of that so it's actually very nice it's a very nice setup I really like it Every setup that we trade on this stream is labeled by the way my friend.

So if you're new to the stream, just understand that. And you ask, why are you patient? Uh it's because every setup that we take is labeled. It's quantified. It is uh it is something. It has a meaning behind it. It's not just intuitive. I feel that the market will do this or that. It's much more about okay, these are setups that we know. These are setups that we have tested. These are sets that we are very comfortable with.

And then it's all about understanding the condition. So the intuitive feelings, the understanding, the in the disc comes actually from uh understanding the condition that we're in, not from the setups themselves. Right? So it's like that intuitive feeling comes from okay, we're now much more in a trending environment. Okay, that's the more intuitive side. this creationary side and then we say okay we apply this setup to that.

So now I know okay then I want to wait for that setup to to happen. Okay, so that is kind of the situation. Now it is much more about that setup. Other days it's much more about in a ranging market for example, it's much more about those manipulation setups which are really nice. And that allows us also on the streams to have at least four streaming I I would say four trading days a week I would say on average from the five streams.

But yeah, uh price did uh did it. I mean, we did came down. We're now reacting already. And it did react pretty heavily. So, it's it's actually doing its thing now. It's trying to break above the VWAP already. You can see that right here. The thing is though, the point of control has not moved down. The point of control has not moved down yet. If the motor control have move has moved down then we would have probably entered along here already.

Of course not. That's not how it works. How to join your VIP? The VIP is is closed, my friend. It is closed. It is closed. So, um, no VIP. would be insane if it would go back to the low five though. It would be would be really nasty. But we did see this. We did see the push [snorts] initial push down. If price would reclaim the PC, that would be that would be another uh that would be very bullish actually. That would be like a confirmation that we will be reversing.

Could you have cut the very low to PC play? Um no. No, because we're below we we would have been below the fiat. What what was the trade yesterday? Yesterday's trade was very simple. That was actually very simple setup. I mean, we respected the very low of yesterday. We broke above the VWAP and the PC. we decide to take a long and that that that's pretty much it. That was actually very easy and it happened I would say pretty early in the stream as well.

What platform do you use for the order flow? We use Exo charts. The AXO charts. Yes. The only problem with the with the port of control today is that the port of control is still there. We are below it right now. If it would break above that will be considered bullish. The only problem is the risk reward is um is pretty low. I honest prefer price to come down again. Super annoying. But I would prefer price to come down again.

Have you thought about streaming on kick? >> No, man. I have never never thought about that. I mean, I tried it once. I don't I don't know. I don't know. Yeah. A lot more people are talking about me about Tik Tok than than kick, for example. Tik Tok apparently is like the new thing. Just like I just want to know. I just want to dance. Yeah, we're back. We're pretty much back at the same level. >> [music] >> All is the A session. your preferred session 100%.

Yeah, I think it's a great session honestly. And it's a great session not just because of of the trade every day, but it's also a good session to locking lock yourself in for the rest of the day because you just see what happened during the open and I think that gives you certain amount of information that you can take with you for the rest of the day as well. I think it's very powerful. Yeah. Allancing. Hey, hey, hey.

This is what happens a lot by the when price tends to come up, but then we close. We're kind of getting rejected. You can kind of see it right now. I don't think this looks so weak at the moment though. So again, that absorption happening right at the bottom. So yeah, I mean it's too early to say. I would say the initial move was there. So unfortunately we didn't tap into the low five note my friend. Very close though.

That was very close. Essence has already closed 50% and moved stop loss to entry. Nice, nice, nice, nice. Congratulations. As of now, we can look at the the policy control and say, "Okay, well, that is where the big resistance will be, which makes sense." Then we're going to still find that resistance sitting right right there. It's actually right there. It's that same box where we got rejected from earlier. That has never shifted down.

It has never changed. This is what we hope to see if we wanted to enter the breakout. So, we wanted to actually enter a market, not in a limit. So, we wanted to wait for price to come down. We never got there. We were so close though to get to that point of interest, but we managed to hold earlier. If we would have chased the market down, we would have seen hopefully more volume getting traded at the bottom. So, if you don't see that from the candle, but you can see that from like some consolidation, more volume.

So more orders would be um distributed at the volume that that will make the point of control shift down. That will make the point of control shift down. And if you then break out, then that's a long that's an earlier long setup. But control is still there. So we did see the push down. We are seeing the push up pretty much like we wanted it. We just didn't get to our point of interest and now I have to kind of debate if the break and closure about point of control is enough for us to look for the current innovation and if the risk would make sense.

Okay. Well, PC is holding up. We're not really breaking out yet. If we do break above it, then that is considered pretty good though. Like we cannot neglect that this is bearish at all. Right? If we pull back down and we reclaim point of control after we tapped into the value high of today, yes, it is still bullish. Even though we already saw that push down, we already see the recovery. You think, oh, this push down uh doesn't mean anything.

Well, there is still potential. I mean, we're still in that upwards trajectory. We are consistently creating higher highs and higher lows. We are creating a range, breakout, range, breakout, range, breakout every time. And pretty much this is what we would see again if that would be the case. So, it's definitely not it's definitely not bearish whatsoever if that would be a closure above the PC here. Okay. Um, we would have wanted price to get to that low volume note.

It just didn't got there, right? So that's a bit unfortunate that it bounced from the previous daily very high which is actually also a legitimate level. But I was looking at the low five note. Now the question is okay what happens around the point of control because yes initial push down great [music] recovery great. Now it's the moment to to give us that real confirmation like are we going to break above the point of control?

Are we going to stay below the point of control? One thing is for certain uh we did not had a bearish bias in mind today. I hope that makes sense and that has to do just with the volume of yesterday and the day before. Look at all that buying form at the bottom here. That is showing us that at weekly demand right there below which is this huge zone. This weekly demand zone right there. That gives us the indication right that right here.

Buyers stepped in and we actually managed to close back above that. So that is considered to be more more bullish than bearish. Okay. We were trading above it. We closed above it. We just had a pullback off today. The daily candle is now trying to flip bullish. All right, it set in the bottom wick. Daily candle is now trying to flip bullish here. I think personally that if this continues the way it was distributed the volume that we're going to try for the the 4234 uh resistance, right? that level where we got rejected from at least the bottom is to really test that initial breakout and to really come back into the weekly demand and then retest that resistance again.

Okay? And then we could get rejected. Price could come down all the way and we could continue our trend to the downside or we get accepted inside of that range again which makes it extra interesting because this was then a real flush down. Okay. Aggressive taking everyone out and then reversing and then reclaiming and then looking for higher targets. So that's from a market perspective. It's super interesting to watch what happens.

But now we're dealing with weekly month and now we're seeing that there's a lot of volume. So it just gives me the indication that there's a bigger chance according to what we're seeing that we might be heading towards that initial resistance where we came from. So that initial support which now will be turning into major resistance right there. Okay. So that is the the overall perspective. Now, this time in gold right now, you can see that we're trying to just simply create higher highs and higher lows.

We're trying to just to continuously create a range, a balance area. We expand, right? We're respecting. We're breaking out. We retrace and just continuously chilling slowly creeping up. [laughter] Yeah, today we're very close to trailenzo. This is the third time it happens within the last couple of weeks. We narrowly missed a trade. Yeah. Third time, last couple of weeks. So it is not like wow the end of the world, right?

Is it? In terms of um look at the low volume note. Okay. It's not the end of the world at all. It will happen much more than that. But it doesn't mean that this is a really good um indicator as well um to look at the photo control and to watch what happens there. >> Don't forget about the Friday giveaway. Nope. No, we will not. We will not. Understand? still getting rejected though. >> Wow. Do you guys think we might get there still?

Look at the rejection. I held on to your long yesterday. Made $2,000 on your bet. You're the best. Wow. Nice, man. Congratulations. Always happy if you make uh if you made any money. I hope it aligned with your approach, your strategy, too. by the way, right? >> But congrats. Hold. I can't let you go. What really changed the way you trade? I mean, for me, I mean, we talked about stop losses already before. This is also a good example right now, right?

Like, it's really the feeling like I really need to get into a trade. Like, you know, some of you guys like, and I noticed this also from people that I know, they can't control themselves really. So they really feel like ah I need to get into at least something I need to they feel only accomplished when they take something rather something than nothing right that that's kind of the mindset right rather get into something than nothing and that's when things usually go wrong when they accept less from the market.

So you accept less from the market. you have you have certain standards, but if you don't [music] get there or the market doesn't give you what you want, you accept less. Now, if that's the case, that that's when usually things go wrong. On this channel, we don't accept less, okay? We do not accept less. We accept what we what we get. We expect the best. So, yeah, if that's the case, it is the case. And sometimes, you know, um it works [music] out, but then you get actually rewarded for your bad habits.

And then most of the time it goes wrong. So, you know, people that are actually happy that they that they randomly got into a trade and it played out, I'm like, "Okay, let me show you your P&L Canada over the last 3 months, but how many times it actually played out? What is your net return? Like, did it actually work long term? Is it sustainable? Yes or no?" Okay? And if your answer is yes, then keep doing what you're doing.

Then keep doing what you're doing because if it works, it works. If it works, you got to keep doing what you're doing, of course, because it works. But try to be honest with yourself, right? That's always what I'm trying to tell people. Just try to be honest with yourself. Like what what have you done over the last couple of months? Is that really working or paying off? Like it's not always like today is a new day, right?

And I forget about what happened yesterday and the week before and the week before that and the month before that. Like it it doesn't work like that. Try to be honest with yourself and say listen like okay I keep falling for that same loop. Uh keep following for the same patterns. Look at that, man. Wow. So, where do you want to buy? Yeah, like the same level that we talked about the the low violet is still there. We're still getting rejected.

Yes, price came down. Now, it's coming down again. The point control is holding really strong. Can definitely see that. But it's still the same level. It's a big That's a big one, by the way, my friends. makes me even more interested in buying her. [laughter] Come on. Come on. Get Get to the 66. 67. [snorts] You got to respect the red line though, right? You got to respect it. That's why you don't chase at the top. Especially the VWAP breakout is usually not enough.

You can take the out the VWAP and then whoop. So the P helps a lot. the combination of the point of control and the VWAP together that helps a lot that that definitely makes a huge huge difference and that's why these closes are so important What do you think your target would be? I mean the target for today or the for the trade the the trade is usually PC if you would if you would look for long PC again um current daily high but in general the goal is to get back to the 4200s right as our first uh starting point I would say which is by the way 50% of this whole swing that we've seen All should [music] by the way.

Are we going to wait for price to get there? Yep. I mean today, yes. It is it is just the the truth of the matter. If we do manage to reclaim the port of control right now, I mean, you cannot not be bullish, right? That's just if you would close above this area, we can just not not be bullish. If you would do something like that because right now we have been rejected twice. If you reclaim it, we close above the PC. um targeting the current daily highs and then potentially to push higher is is makes so much sense looking at this overall trajectory of gold now stepping weekly demand.

We just talked about pretty much everything right that would be considered really uh really good actually the fact that we would reclaim and close back above that. That could be something, but I prefer us to get down, take out the lows one more time, react from the low volume note, see some sort of confirmation there, take profits at the PC, and then see if it could go higher into that. So we stream a bit longer today because there is still a potential here.

Sometimes we would already ended the stream because the trade would have already been done or we would have already been in the trade already from the beginning of the stream. That's not always the case. That's not bad at all. Would you consider buying above the V above the point of control? I I I think right now we are at a stage where I could say yes. Yeah, if it would close above that then I think it makes sense. 4200 is one something that we're watching.

It's not not from a psychological standpoint. It's just because we will be [music] tapping into this area. And then we have the next one is there and the and the current daily highs is where you could manage it very well. So it's it's actually really good. So I think we're going to like what I would hope to see now is is in 6 minutes when this candle closes that we close around the above the above the point of control. that move we're going trucker Jose we're going straight to the previous daily low really I would be I would be looking at this level down that that means that we have to break below this below this huge amount of volume traded here if you want to target the previous daily lows which is right below here so you might be right you never know I'm never I'm never excluding anything but I'm just saying that there's a lot of volume traded here and we're above that.

So that means you would have to break that in order to target the previous daily lows which is will not be easy. I would say previous daily PC is possible, right? I would say that is possible and we would still get down to the 55s first. So yeah, right now I'm watching pretty much what happens. Can we close above the port of control? [snorts] where to manage the trade. You see a huge block 309. You see that right there?

Boom. You see that? 309. That is where we have to manage the trade. If we would get in here and we would close above the border control, that is where we where we have to manage the position. And that is in essence the daily highs, the current daily highs right there. And suddenly out of nowhere, a huge order came in that I've never seen before. 501. Look at that. That's massive. Never seen that one. 501. These are passive orders, right?

So they're not activated. They are limits. 501. So, we could see that as a drawn. We might be drawn towards that liquidity right there. We might be drawn towards that. That would be interesting. That's not an assumption, though. It's not enough for us to take it along, by the way. Just looking at that and thinking, oh, that's where we have to go. No, there are a lot more other confirmations to that. But that's big. So let's see if we can close back above those highs of above the port of control of today.

I would be willing to then look for an entry and if not there and if we got we don't get that closure buff yeah then our initial bias is where it's at right that is the low five note and we'll watch what happens there. So let's see the risk is pretty uh pretty normal pretty normal risk our regular risk. So that that is good. But yeah, we need to see closure, right? A closure above that is very important for us to see.

And um why do we need closures? Why do I care about closures so much? I care about closures because this becomes factual, right? the understanding of volume and how and where buyers and sellers were active and then where the candle closed really better. So hopefully we can do that. Hopefully we can just squeeze up in the next minute and and close above this level. Other times if not and we just have to come down, we just watch what happens inside this low vibe area.

But I'm I'm starting to like this. So, I start to like this potential uh closure above the the B control. So, I'm really patient now waiting for that to happen. We have to manage it at the highs. That means stop loss on break even for sure. If we would enter there, we we have to manage the stop loss at this high, the previous daily highs or not the previous daily highs. Sorry, the um current daily highs. >> The daily highs we have to manage the trade there.

Price took the previous daily low. Micro is bearish. 5 minute POS is already there. Should you even look for buys? I mean, price took the previous daily low. Previous day low is right here, man. >> It's like 4,100. That's where we bought yesterday. Actually crazy if you look at it right now. But yeah, 4100 is 41 and um 13 actually. I think you're talking about price to previous daily highs. Is that what you meant? And then it flip bearish.

Well, yeah. You have to look at from a from a bigger picture, right? Not just like only, oh, we we priced the previous daily highs and we then broke structure to the downside. So, we did close below. We didn't close above it yet. I would honestly I would be pissed if like if price right now would shoot up to the highs already. Honestly, I would be a bit pissed here. Not not because I don't um believe it. It's just you can kind of see the mark but you just don't the market does not give you the confirmation that you not need or let's say the market doesn't give you the the exact setup or entry criteria for example. >> But I just know that longterm it's just a better decision than trying to just hop into the trade.

I just know that that's the case. But yeah, doesn't make me uh happy seeing that going and flying right there. Right. Let's be honest. Hey guys, do you want to share the indicator names? This the stealth variation index actually a indicator I created. I will share this with the group every Friday. We'll do giveaways on this channel. We add around 10 sometimes 15. Last week I think we did more than 10 people a day. Oh, come on.

Don't do this now again. Second time. We we have those days like once every few weeks. We can see we have those days. Remember we had it like three weeks ago. Was it? Yeah, three weeks ago as well. Okay, that's at least a five minute closure. I mean, it's something. The 15 I also shoot out without a bottom wick, by the way. Right. It's not that like the the 15 looks super healthy. It just came up without a bottom wick.

So, I would I'm still waiting for that 15-minute closure. Like I said, it would be very unfortunate if this would be considered the move right now, right guys? to be honest because if it actually actually would take out the highs or it would get to that point where we talked about right here then that move has been done also already which is then this area right here. Yeah. And that would give us the indication that I will not be able to enter any trades today which is super annoying.

Both at the lows here where we almost stepped into almost what 20 pips or something. Now we don't get the closure above the PC that we want. or the proper retest to enter and it just goes. It's not that our bias is wrong. It's not that our analysis is wrong. It's just there are certain criteria that comes when taking trades. And once in a while that happens. So once in a while I don't get those entry criteria which I have to follow.

And if you think oh you don't have rules, we do. We do. We do. We do have we do have rules and that's the only way to survive in this game long term to have those rules. At least that's what I've learned. Having those rules really matters and that's why we have a section right here called how to trade it for each type of setup. Okay, [snorts] that is the exact confirmation, right? We have those rules in place. Okay, hope you understand that.

But that's important for us. And this is going to pay off long term. And that's why I stream every day and not every couple of days. I stream every day because then you will able to follow the journey properly. If I would stream only when it matters, right? Once every week or two times a week when there are really good setups in the market right away, then um that would be horrendous. But on days where we stream every day, it's not really a big deal.

It happens. Why do you think a lot of people are bearish? I think a lot of people are bearish because they look at previous daily highs, they see, oh, it was taken out and the market flipped bearish. I think that's the only confidence they have. I I personally believe that, >> right? So, pre- highs, market flip, bearish, >> and then I guess they look for the retracement, right? The 50% retracement or something like that.

Fibonacci, right? Maybe something like this, like a Fibonacci setup where you would then take the highs and lows. Right. >> And then you would look to short at the 50% or the 618 >> now. We already closed above that right something like that. I think it's something like that because if you really look at the bigger picture right now at the moment, you can see that actually the market is [music] in number one weekly demand.

Okay, we can actually confirm that weekly demand. We tapped from that. We reacted for weekly demand. The daily candle tapped into that. We close the daily candle above it. Now the order flow on the daily candle. You can see that the most volume was traded at the bottom, not at the top, at the bottom. That's what matters. I think we closed above that the next day. That's kind of what's shifting the momentum here a little bit.

And right now we're looking to see if you know this continuation makes makes sense. >> But that is kind of the trajectory that we're seeing here. But for us, 50-minute closes are really king for entries. Without a 50-minute closer above, uh we can't really do much. You know, we can't really get in the trade now. Obviously, we do expect sellers to step in here at this area. So, I'm not really surprised that would be the case. >> 50-minute closure as well.

Uh 4 minutes. 4 minutes. show. >> [music] >> So, I'm very curious to the people that are like bearish right now. Let's say it would break the highs. Would you guys still be bearish or would you then be more bullish if it would close above the highs right here? Would it that would that shift your buys or or not really? Okay. Still bearish. Okay. All right. Uh when is the when is the trade? I'm waiting. I'm waiting. Waiting.

Waiting. Hourly candle is closing which is the 15 minute closure too. >> [snorts] >> water serpent uh bearish. I think they want everyone to think to go long again and then back to 3500 then it's longs. Okay. Even here is that this then the point where you would say this is where you would go down. >> Are you in this trade? No, I'm not in this trade. We are waiting. We close in 30 30 seconds. And if you close below it again, we still have no buy confirmation because we need to close above the PC.

[sighs and gasps] >> You see, that's why I'm saying like we don't chase the market because last seconds, boom, we flip again, right? >> So, we would have been stuck in a trade that wouldn't have given us the confirmation. That's how these these entry criteria are a real thing and then it looks bullish and the last second right before the hourly candle closes like 10 seconds before 15 seconds before boom you close below it right every time.

So it's good that we didn't enter yet. But now we need another one, right? Another closure. Super annoying. I have to wait so long. >> For the people that are new to this channel, do we trade live? Yes, we do. Almost every day. I've taken hundreds and hundreds and hundreds and hundreds and hundreds of trades live on stream if not a thousand to be honest with you. But um yeah, we have certain rules for our entries. We are not in a trade currently.

We were initially looking for an entry here. Never got there. Super close to it. Never got the confirmation. Now we look at the PC. The rule is we need the closure above it. [music] We didn't got the closure above it. So we are still waiting and sometimes that happens. It's definitely not every day that that happens. It's also not every week. I need to write it down because I think people don't realize what I'm saying.

I don't know. What are you doing? What does a cable closure mean? Uh closure above the point of control, the red line closure about point of control, which is in essence what we call a CM play. Also, by the way, it's a slightly different because we're actually reacting from this area. actually on the Vantage chart. We are really close above it really. Okay. Well, we don't look at Vantage. We look at the Wanda charter.

We have been using Awanda for so long now. Like years. All my back testing has been on the one too by the way. Combination of futures and a but also and yeah you can see the futures chart and the chart are pretty much the same right now. Yeah, it's definitely holding up really well, >> right? You can see that every time I'm in Paris, sellers tap in here. Um, I mean, we're still pushing higher. We're still creeping up.

We're still following kind of the flow out of what we have been doing since yesterday. Just continuously following up with that same thing. [snorts] It will be unfortunate if you would uh get to the highs then I have to end the stream unfortunately by but yeah it it can happen analysis is on point everything on point but not getting in sometimes it requires some real discipline but um it saved me so much more times Whereas what about silver?

It's a good question. Let's let's check silver for a second as well. Let's see what silver is doing. Silver is uh definitely not there yet. It is uh respecting the value area by the way of today. You can see that it's respecting it very well. But also here we have not broke. Oh, I think silver has not broken out yet. Oh, yeah. The PC is lower. Yeah. Silver, the king of volatility. Yeah, 100%. You cannot have the same lot size on silver as you have on gold.

You cannot have the same lot size. If I trade one lot on gold, I cannot have one lot on silver. It's probably going to be half to be honest. Do it like that. Do it like this. >> Why trade gold and not GC? Um, I mean honestly to be honest, my audience because this is the thing, right? I traded CFDs for so long and my audience trade mainly CFDs. That's it. Let me ask you guys a question like can I just do a poll right now with you guys?

I'm actually very curious. I trade CFDs or futures. Okay, some of you guys will say both, but if you had to pick one, just pick one. Let me know in the chat. Let me know in the poll here. I'm just going to do it right now. We have 2,600 people watching. I'm actually very curious to the audience right now. This is a good This is a big sample size, right? Let's be honest. So, I'm very curious to see how many people trade, you know, things like MT5, MT4 versus or whatever, CFDs in general, right?

C trader, things like that versus pictures. I tried. I said even that that's super stupid. I trade. But I tried, man. Am I that am I that stupid? Did I actually do that? One second. Sorry, guys. I have to do it again. You know how it goes. >> Or futures >> like that. I trade spot versus futures better five or whatever. Pick one spot features. Sorry. Okay. Again, sorry for that. Just for clarification. Thank you. Very curious as well.

Maybe the honest has shifted but I think the majority will still be trading you know CFDs like spot like the USD chart right again another rejection another closure below maybe let's see but this is going to be the third time in a for us that 50-minute close is so important otherwise I can't enter long. If it closes again below, I will think I'll cut it. I don't I don't take a trade today this session >> then this would have been in essence the best move initially right the push uh down but also the reaction from this area we just didn't got filled here and we have to I just have to accept that I didn't got the opportunity to enter at the bottom which I wanted and I just don't get the confirmation for contation in here either.

So that would just be the case. Wow. I'm actually very impressed how many people trade futures here. That is uh much more than I thought. was significantly higher before, but maybe because the Asian sessions that more people trade futures. >> Hey Jo. Hey Jos. Going to call the rest. Appreciate stream. See you tomorrow. >> Yeah, we're waiting. We're waiting for this last closure. If you close below this, I'm going to stay out and I have to accept that I just didn't got filled at the bottom here today and we didn't got the the the confirmation breakout either.

And um yeah, just accept one of those days going to happen. Actually 47% of you guys trade futures. Now it's I mean we have 350 votes. We need like we need like a thousand votes. We need a thousand votes to make this clear to understand what's actually happening here. We need like a thousand votes. We have 2600 people watching. So, we need 1,00,000 votes. But that would be insane if that's the case. I would I didn't expect that for sure.

Did not expect that. Can you show me the settings of the stealthation index? Yes. Right there, my friend. right there. Reload or obsidian in Bali? Uh, reload for sure. Reload. You see what what would have happened guys if you would if we would have entered long here. Okay, if we would have entered along here out of FOMO because we think it's going for the highs, we would have now been trapped in a position. We would have now been in draw down.

We have now been looking at a red chart. I would have probably been down if I would have foed in, I don't know, $400, $500 right now. So that's why we didn't trade yet because we had to close and we did not freaking close above it, unfortunately. Okay, better opportunities next time. That's it. I'm not going to risk I'm not going to go into a trade that I am not fully convinced right now. Okay. Initial thought process was when we marked out our chart like that, we wanted price to come down which it did.

We wanted it to get to our point of interest which it did not. We were very close to it. It came up. Then if we said, okay, the VO was kicking in again right here. We saw a huge candle. This should have been a follow through right there. We should have seen a closure above it. I would have been going long and I would have targeted the highs and I would have looked for the contation of those of those highs right right there.

Okay, that's what what I would have been looking for. We did not we did not get that confirmation multiple times in a row. We pretend we go but we don't close above that. The rule is 50-minute closure. That is the rule. Okay. If you don't get a 50-minute closure, uh the chances of fake outs are going to be significantly higher every time. I've tried to play around with 5 minute closures, but the 15minut is really where where I could notice a significant difference in terms of the confirmations of the trades and also in terms of the accuracy of the follow through of the trades themselves as well here.

Okay. So, uh from my perspective, that's something I'm not willing to uh to do right now. Okay. And that's also a reason for me not to enter a trade either at this moment in time. So, I just want to see one thing then like like I said before, price to me then has to just to drop and get lower. Get there. If you can't close above the PC with conviction, okay, then it has to come lower and we have to go for the low five note.

I have to get down to the 60s, pull back, try again from that perspective or actually close above the red line with conviction for it to potentially get down and get towards the 4200 which is right there which is actually just a simple contation of what we have been of what we have been seeing right here already. um knowing that we dropped so aggressively, we're looking for the pullback and the first actual resistance will be at the 4200s because that is where we have um a huge amount of interest sitting.

Number one, look at that. Major major interest sitting right there up there at a 42 46 to 50 on futures which is the 4200 on spot roughly. Roughly speaking, yeah, it's the 4200 on spot. The point difference between spot and futures right now is around 60 points or 50 points. Okay, so the 4250 is around the 4200 on spot. That is indeed that level that we talked about right there. Okay. So, yeah, if we close above that, I think there is a potential that we will get towards the highs and then if you uh manage the trade well, you will put your stop loss and break even there and then you would target the 4200s.

If price cannot do that, okay, then you have to accept that price will probably get down to the low five note at the 466, which is that area. I would look for an absorption candle. Okay, that means a candle where we tap into bottom wick, we close bullish and then potentially look for the lows to be taken out and then to look for the new move back to the upside as well here. Why am I still bullish for today and not bearish for the day?

I explained you already. I'm not bullish. I'm not bearish for the day because of the daily candle closure of uh Friday, sorry, Monday and Tuesday. All that volume has been consolidated at the bottom. There's little to no volume traded here. Okay, this is all empty. This was just a huge push down. All empty. Okay, that breakdown is the major resistance. That's where we came into. Now, the most volume has been traded at the bottom, which is right there.

That's the most buying volume that came in. What happens a lot of times that you turn that into support and you come up and you test the initial resistance right there on the higher time frame. That simply would mean from a macro perspective looking at the chart right here that you will be looking at something like this where you simply accept and understand that the daily candle is where you are right now. You tapped into the month, okay, in the month zone right here actually weekly the month.

Okay, you tap into that. The daily candle show more volume at the bottom which is right there. Okay, that's where the most volume has been traded. That will be turned into support and then what will be turned into resistance is the drop. [music] So where we actually dropped or where we actually came from, that is that major resistance that we will be seeing. And I think that if you see this and you react and you see the volume coming in at the bottom and you close above that, the chances of us getting back down towards this point is so much higher, right? then we will be potentially trying to retrace back into that resistance from the daily perspective and then if we then see a rejection, we could simply continue to push down, right?

Like continue the trend to the downside right there. Simply reject and just continue to drop down. If we break and close back above that and we reclaim that zone, right, we reclaim it and we close back above that with full force, then it might be just an expansion where we sweep the lows aggressively, get everyone liquidated and then make the real move and then actually break structure because yes, the youths are in resistance.

We know that that the youths are at the monthly highs right now at the moment already. We know how important this level is for the yields right here. you know, we're dealing with the 2007208 economic uh crisis highs. So, four 5.2%. If that drops, gold will have to make a pullback back to the upside. Okay. But for now, we are bearish on gold on the higher time frame. We're clearly bearish, but we are dealing with a pullback scenario right now.

Okay. So that is why if we go to the lower time frame and we look at where we came from and we look at the 15 minute right and we can clearly see that gold is doing what is doing best and that is holding above this support right here. We take the volume profile of the previous day or in the current week and we can see actually that we're above the very high and this is what we tested into support today and we wanted to buy a little bit lower below that.

We wanted to buy at the low five note within that. Okay, that's where we wanted to buy within that low five area right below there. Right below that low here. That would have given us the best entry. Unfortunately, we didn't got there, which is unfortunate because that doesn't always happen that we miss out on that. Okay, because it was really only about I think 20 pips or something like that in this case where you could see that uh right here.

Okay, you could actually see that right there. Yes. So, yeah, hope that makes sense. And that's why right now the 4200 and the 4230 are like the first two or the 4235 are like the first two major targets. Okay. And from there onwards, we will see what happens. But um yeah, that's why I remain bullish for today. I will be looking for longs today. Even if price would come down, I will be seeing what happens here. Can we do the push up?

Or if we actually break above this with conviction, can we continue to go back to the highs of the day, stop lossless and break even, target the 4200 and that next level. Okay. Oh, that makes sense. That is the situation, my friends. Yes, that is the situation of uh today. It's unfortunate. did not got into any trades because it doesn't always happen that we miss out on certain setup and confirmations, but it doesn't take away that our analysis was so far pretty accurate.

I mean, it seems to be aligning what we were looking for right now. It's just about [music] the entry criteria. Okay, so that's it. We have two more streams left this week. Uh Friday, we have the giveaway of the stealth valuation index again. Your Friday stream will be the giveaway stream. People are asking about it all the time here. Petty View is going to charge me for it. No, I'm joking. I'm joking. They're not going to charge me for it.

They're going to charge the paying customers. No, not sir. They're going to charge if you sell it. I apparently apparently I didn't know that. But I'm not sure if Trading View is doing the right thing here to be honest with you guys. I'm not sure if it's a good thing for the platform to char [music] start charging creators that much per indicator per user per month. I don't think that makes any sense to be honest with you.

But uh yeah, we should not call it trading view anymore. Indeed, we should call it charging view. Okay, but anyways, up to them. None of our business. We're going to give away free access to our tools anyways. We don't sell it. We don't make any money over it. nothing. Okay. Yeah. All right. I'm going to come back tomorrow again. You guys know all the scenarios I will be looking for anyways right now at the moment. Uh the streams cannot go on forever either.

Um but yeah, rules are rules, my friends. That's it. Rules are rules and they're going to be days where that happens. But it's all about sticking to those rules and that's how we grow. Yeah, that's how we grow. like we'll be showing everything transparently on this channel right here. Okay, so keep a close eye on this right here. Okay, I am personally more cautious with selling. That's my personal opinion. If you have a bearish buys, you know, focus on your own strategy, that's all that matters and we'll see tomorrow what actually happened.

Okay, we'll talk about it tomorrow then what actually happened. Okay, we're going to see. All right, hope you learned something, my friends. Um, I'll quickly look at the vote, by the way. It's pretty insane to me that I'm seeing this. And 50% trade spot and 50% trade futures. It is literally out of 700 votes, 50/50. I can't believe that. I actually cannot believe that. I didn't expect so many more people now to trade futures.

I thought it was 7030. At least 7030 spot at least. Damn. Okay. Interesting. All right. Good to know. All right, guys. I'm going to take that with me as well, by the way. Okay. M Love, [singing] I'm going to see you again tomorrow. [music] Let's see what happens, man. I'm also very curious to see what will uh what will happen on gold. I know what I'm going to do though. I know what I'm going to do. Okay, I know the rules.

[music] Let's see what happens. My love. See you tomorrow. [music] Heat. Heat. Heat. Heat. N. [music] >> [music] [music] >> la. >> [music]