 Yeah, you know what with with with with the IG client sentiment what IG is doing for you is You got you're looking at there. They are telling you where their retail traders are Yeah, yeah, so they are they are telling you and like it is like we just said Retail traders are usually off-size because they're not paying attention to the fundamentals Yeah, so if all the what IG client sentiment is telling you is all the retail traders are going long We say go short But also there is a caveat to that there is a caveat to that Is that you know there there are times where retail traders will be correct, right? Yeah, absolutely, right a broken clock is a right twice a day 100% so that so so when you're looking at sentiment as An indicator, it's not always the best. Yes, generally retail traders, you know are On the wrong side of the market although they can be on the right side of the market But you have to always anchor yourself in your trade idea Yeah, always anchor yourself on the trade idea and what the And not be driven by what's happening in the short term. Yeah, that is that is the absolute key absolute key is just don't Just understand the Mechanics behind it and and again, are we always right? No, do we always get the timing right? No, but As long as you do this consistently then you're gonna see the results But let me before obviously I didn't record the first half. So I'll kind of go over. Let me just go over I guess some of the stuff that I covered. Unfortunately guys, I know Who came in last I think Hubble have just come in and I know Igor just come in unfortunately guys and Mr. Diligent as well. You're our Igor Unfortunately, do you know what we have we're having a really good session Fundamentals and you know what I forgot to press record. I really did and I apologize I'll try and go over some of the stuff or summarize some of the stuff That we that we went over without going over too much That back it back checking too much But the point I was the most recent point I was I guess I we were talking about before you guys joined was to do with The dollar right is understanding that the dollar is still number one, right? It's still number one or it's one of the best whether you want to call it number one or number two number three It's still in the the the currency that you should probably look to buy right and and Canada is also another one now We were just talking about for example the the liquidity that generally happens So there was a lot of traders who and there are a lot of traders who have been if you go on social media You know, you're seeing that a lot of traders would have been looking at the the minus 0.2% GDP figure as being very negative and initially it is right you're looking at that on the surface and it is but as we know is that the market is actually looking past that and in fact there was a Article I think it was on the how far this is it how far can the Fed go, right? And I think in here it did say says with the Federal Reserve acknowledging it says The surprise the first quarter GDP contraction, I need to zoom in a bit, right? Wasn't helpful going into May FFOMC meeting right the 1.4 annualized decline output was primarily due to drag from net trade Imports and infiltrate rundown the underlying story in business consumer spending was wasn't nearly as bad yet a negative GDP reading Inevitably adds to a sense of nervousness about the economic outlook. It also creates doubts over how far how fast The Fed will raise rates. I wasn't there. There was a there was a there was a knock There was something in here. I think which basically said that the they were they were looking past Or was it this one I've read so much today. I can't remember exactly where it was Where was it where was it but basically As I said, they're kind of looking past that number and and looking at it like it's a bit of a temporary blip Yeah, so with that being said The the dollar in my opinion was was was still a buy and I maintain that that bias Now many traders would have looked at that number and that looked at that figure as said, well, you know what the dollar's gonna crash You know It's it's the beginning of the end etc. Etc. And there's as currency traders We must always compare one with another right? That's basically what we're doing very comparing the dollar with the euro Now is the question you always have to ask is is the euro in a better position than the dollar? And I would I would say no, it's not right regardless of what the the data is telling us at the moment Fundamentals generally are about present but also future potential value. So with that being said, I think a lot of traders even though There was you know negative data, I think around the the US Which traders generally wanted to believe and with the Fed hiking, although it was again Hawk a hawkish like they hiked. I think 50 basis points. Maybe not as much as you know Some people may be expected, but they still you know were hiking rates What you saw was an exercise in Liquidity hunting and this was quite a big stop on so not to get into again the nitty gritty of this But generally traders would have been getting stopped out to the upside and to the downside, right? There would have been stopped out here stopped out there and then eventually it draws in traders to go the opposite direction because in order for the Market to accumulate more dollars and make some money. They have to press sell on their broker, right? It's best against a euro dollar, right? So in order to sell Yeah, in order to accumulate sell orders because remember they're not trading how we trade they have to scale in in Multiple positions, right? They're not just pressing one buy order and then that's them one and done They have to scale in and scale out. So they need their liquidity is what buy orders They need lots and lots and lots of buy orders to facilitate their selling. Correct. Yeah, everyone's following by the way Everyone following so far Yeah, so the liquidity is the buy orders in order for them to sell Which basically means on this pair, which is buying the dollar because they need to go short, right? So if they want to continue to buy the dollar and remember and also as well for you for the for the guys that missed the beginning You know the new The new forecast I guess for the euro dollar is now parity, right potentially so the parity is no longer a shock Also to add to that if you go to the dollar Channel, sorry one second. Where am I? United States? I posted something as well. So that was ing bank We're talking about dollar parity, right? But you also have Credit Suisse. I think it was yeah credit Suisse was talking about for us. The fact that the dollar has Risen to rarefied levels in March 2020 Is not a foreseeable is not is not in itself a reason to fade it But they say basically I think he says down here somewhere It says yeah, this is it's all the headline. Anyway, is that euro dollar parity credit Suisse won't rule it out So it's a possibility now. It's not like improbable. It's probably not not likely to happen You've got two banks and two analysts from from two banks Talking about it's possible for there to be, you know dollar parity Yeah, so we could see depending on how things get worse if things de-escalate also actually say they escalate in terms of, you know the Ukraine situation in in Russia, right Russia Ukraine We could actually see ourselves somewhere down here, right? And even from a fundamental perspective, you still want to be a buyer of the dollar So Understanding that the medium to long-term and not being so driven by short-term price action Which most you know day traders and retail traders are This was a great exercise in liquidity hunting. Yeah Because going back to liquidity That this is the hunt for buy orders, right? So anyone who would have went short in this candlestick here, right? Which there would have been a lot of traders at one point. Yeah Even though this is a 30-minute candle that would have looked very bearish and would have got traders doing what going short Where are their stop losses above the market? Liquidity is above there. Remember this price here 105 is cheaper Then down here 105 so 105 one 105 1.052 is Expensive the higher you go is the more of a bargain it is to buy the dollar, right? So the the retail don't I mean, sorry The banks and institutions don't want to buy down here, right? And this is advantageous for them Which it looked like it was until they just created the narrative for everyone to go short and the price action Took out the liquidity, which is basically the buy orders, right? So you need you know, these are these are the stop losses, which is the buy orders if they've gone short to sell But what this also does is it draws in? Yeah, it draws in more traders to go long now How many traders out there do you think were going long on that massive bearish? So that massive bullish candle when it when it closed half an hour later Majority probably yeah, probably everyone right and we say I say the majority because we think different, right? But retail traders for sure everybody would have been looking to try to do to go long right not too many traders may have You know been able to have a wider stop because that stop would have been at least for your entry to you know You would have had to have had a hundred and About 105 pit, you know stop loss not too many, right? But again, Mr. Dilligan says break and retest of that resistance, right? So even if even if you weren't a breakout trader you're looking for somewhere to place Your what your stop loss, right? And you need confirmation. So what do you need? So if this was resistance before this should become what support and it gives you actually a nice place To potentially place your stop loss if that price action does happen. What did we see happen? It happens right there Yeah, so it bounces off there and starts to go higher the price action Confirming that and maybe if you go down to maybe even a 15 minute chart, it starts to look now We get like a little pinball there brilliant. Yeah, so now Traders start to get involved and go long. They're doing what more buying right, which is more liquidity Right again always think about price That's cheaper. That's cheaper. That's cheaper for the institutions cheap cheap cheap cheap, right? Exactly more traders will enter their pinball to go long. So there's more liquidity Right willing liquidity these being stopped out is forced liquidity the The the trade setup is willing liquidity traders are willing to buy now because you've just had what's known as Momentum to the upside the momentum steady upside, you know the breakout traders the retracement traders brilliant want to go long Yeah So there's more liquidity and again if retailer buying remember I said before The the liquidity for the for people who want to sell for the institutions who want to sell They've got enough now they have to scale in Yeah, they have to skate they can scale in now and buy an average in Etc. Right and they can do all they take the position the opposite of all this position They've got enough liquidity now. Yeah, because everyone's going long and more people are going long people even FOMO being in in at the high, right? There's breakout traders that are looking at that area and going even even longer there, right? But now it starts to come back because the institutions done all of their buying. Yeah, they've done all their buying on the dollar Yeah, they bought for up here, which is cheap Rather than buying down here, which is expensive Right, remember with the backdrop of the of the of the of of the dollar still going or they're still hiking rates, right? So with that being said What we know what happens, right? It even creates more buying. Look at this Right, you create more buying because that starts to become a structure right there Yeah, let me just delete some of this stuff one second delete some of this Yep, so you've got more Buying at this little structure right here Right there Yeah, so more traders double bottom pattern brilliant go down to a five minute. It looks even better, right? Look at that Starts to go higher You've got whatever is known as a wedge pattern or some other pattern double bottom and it starts to break to new highs, right? So there's even more traders going long. So pure liquidity. Remember, this is all happened over the space of Hours sometimes this can happen over days, right? It can happen over maybe five ten minutes fifteen minutes twenty minutes nobody knows Right, nobody knows the amount of liquidity that that the institutions are going to Are going to take, right? To induce You know, the amount of liquidity that they need or they want to sell Yeah, so this happened over from some seven was at seven thirty seven forty all the way overnight, right? Gets them all going long. Everyone's going pretty gone to bed in Europe, right? Brilliant. Excellent They've got their trades open. This is going to the moon. This is going to the moon This is where momentum and then they start to get stopped out and we know for example Things like this start to happen, right? This stop hunt a large large large large large large stop hunt So all the liquidity Right massive stop on this stop hunt was if you're looking at it from the low to the high About 50 pips somewhere in that region. Yeah, and in fact This and I've bloody missed it now I've missed this trade I always have missed it because I wasn't planning to take it anyway to be fair and there's reasons why I wasn't planning to take it But what's this? What's this guys? What is that? What set up is that? Anyone told me? What's set up is this? CPR Vitaly well done