 Okay, just rolling up to 2pm UK British summertime. If you can hear me and you can see my other tick mill welcome screen if you just type of why in the chat box so that I know we are good to go a why in the chat box if you can hear me and you can see the welcome screen and we will get going. Testing audio one, two, three, if you can hear me and you can see the welcome screen if you type of why into the chat box please. Okay, let's get started here. Welcome to today's live trade analysis and market analysis session with me, Catherine, before we jump into today's content. I want to very important with specific reference to today's presentation, the views expressed by me are solely mine they're not indicative of or representative of those held by Tick Mill UK or Tick Mill Europe limited. Thank you for the first time brief introduction to myself. Like I said my name is Patrick Manly and after I graduated from King's College London. I joined the city PLC consulting firm, I left with some colleagues who went on to successfully co found an exit consulting startup that was focused on C suite executive search for technology essentially I had a front row seat to the dot com bubble witnessing people make and lose fortune in the markets, oftentimes quite literally overnight so in 2000 or late 2004 I decided to explore my curiosity for markets with some capital play with and some time in my hands. I started day trading S&P 500 or probably more appropriately day gambling the S&P 500 after some early beginners luck I racked up some pretty solid gains, however, as is often the case, my beginners luck ran out, and as the market phase got average down into losing positions giving back all my gains and ultimately experiencing a significant six figure hit to my personal capital. Say this was a gut wrenching and sobering experience is an understatement. I really had to stand back and figure out if it's feasible for me to make a living from the market so I decided to get serious about trading and sought out a mentor with an excellent trading track record, working with my mentor for a period of 18 months to two years it was a time that worked, not just my technical game in terms of researching developing extensively back and forward testing strategies that crucially suited my personality, all of which were underpinned by a rigorous risk management approach. But most importantly during the period of mentorship I significantly developed my mental game, and probably most importantly I made the watershed shift from being a highly goal oriented individual who was focused on financial gains to becoming purely process oriented. What does that mean? Well, it means I had to stop focusing on what I could make from the markets and start focusing solely on managing my mindset to allow me to consistently execute my trading strategy oftentimes in the face of negative feedback from the markets in the form of losing trades. But once you become process orientated and have a professional trading mindset, and you really understand the true nature of trading being a numbers game in which you're simply playing the probabilities. So I'm no longer concerned with the outcome of individual trades or even a small string of trades, my focus is on the next 100 trades because I know if I focus on excellence in execution, my edge will demonstrate itself over an extended series of outcomes. My multi strategy approach has delivered profitable annual return since 2008 since 2013. I've also been managing investor capital through a managed account service delivering annual positive returns. I'm currently responsible for managing a multimillion dollar portfolio. Since 2010 I've also mentored hundreds of private traders of all experience levels from complete novices to former CME floor traders in developing the technical and mental skills to make consistent returns from the markets. In addition to my fund management and mentoring, I'm engaged in other market orientated projects. I am a resident market expert for Tick Mill. Exclusively providing market and trade analysis. I've provided an in depth daily market outlook, breaking down the fundamental and technical drivers for the day ahead. I provide daily technical trade setups and you can access those through the Tick Mill Ideas tab here through Trading View. I'll drop that into the chat there so you can follow up and take a look at that. And most recently I have been responsible for growing the Tick Mill E-mini strategy group where I provide a daily specific trade plan with intraday trade updates. And since its inception in April of this year I've delivered over 1200 points of upside. We've just recently now launched the Telegram channel for those traders who have a futures trading account with Tick Mill. And in there I provide daily institutional insights from tier one investment banks. I also provide trade alerts for a variety of futures products and we also do a daily hour long live stream session where I trade live the S&P 500 during the opening hour of the cash session 230 to 330 UK time. So if those are interested you might want to follow up through the website or you can drop me a message. I'll post my email. I'll also just post this into the, this is the free Facebook group that you can access as well and you can get my daily trade plan through there just send a membership request and I'll add you into the group about 175 members in there now. And I post the daily trade plan for traders to follow up with it say it's a video normally about three to five minutes long, but just gives you the key levels that I'm looking to participate at for the cash session day ahead. So that gives you a flavor of where I'm coming from. Now let's jump into the charts and we are going to review the daily charts here for a bunch of charts that I want to run through. Can I just say, in terms of process, if if you do have any questions, if you could just make a note of them and and I'll open up a cute brief Q&A at the end. If there are any charts you want me to take a look at I don't cover can do so then. If you have any questions and I'll come back to those at the end. So let's start with the S&P 500. This is actually the E-mini S&P, the futures contracts, but same price patterns. What I'm looking for with the S&P now is looking for a move to basically create, sorry, to finalize a five wave sequence here. Ideally, and this is just a little bit of market dynamic here. We're heading into the Fed meeting next week, the FMC on the 3rd of November. And there, the market is pricing basically that they are going to announce tapering then. So ideally what I'd like to see is the market to move up into that announcement and then we get a correction that will provide a pullback that will set up then a year, a rally into the seasonal year end rally. So what we're looking for at the moment. This is this current structure. So we're thinking about this as a five wave sequence here. So we have that's our one, two. So we're looking for a three, four and a five to complete. And then we will be looking for a pullback before we set up for the next leg to the upside in terms of the S&P. So in terms of the trading situation at the moment, what I'm looking for, if we're using this is our current three, four consolidation. So the minimum upside objectives that we would have here will be a one to seven extension of that consolidation zone. So what we're looking for is any pullbacks at the moment to to find support for this fifth wave extension into the 4633 level. So there we're watching for some momentum divergence to develop to give us an opportunity to to basically fade that test for the pullback, bigger corrective pullback, and then we should get that year end extension to the upside. So the imminent target we're looking for is 4633. And we're looking for opportunities to buy into that target zone. We're currently trading at 4558 so got about 70 points of upside to play for. And with the tick Millie mini group of the updating opportunities in real time today for that but that's the structure that we're looking at. So that trade still running and ultimately now we were long through the break about that pin bar reversal there. And it's running up nicely what we're looking for now is potential for a pullback here versus a double top scenario. So I'll be specifically looking for let me just move that what we want to see is an equal legs. So the area where we've been looking to re engage on the long side will be any pullbacks into the 15300 area will be should be bought there. And we should trade up into the ascending trend line resistance that comes in. So around the 16200 level is the is the upside objective there in terms of in terms of the current structure. Now again, if we think about the idea that I just referenced in terms of these fed meeting next week and likely that the market sees a bit of a pullback. It could be that we we have this pattern player. So if we think five equals one. So we could get a pull trade up into this 15900 and then we correct again into the trend channel support area. So this would be seeing the same correction in terms of most of the indexes and then we extend up into your end. So it's really going to be key to see how the market trades. Well, firstly it's going to be key to see if the Fed actually announced paper and what it seems to be pretty fully priced at the moment, and then it's going to be about the scale and scope of that and so that's going to really define whether or not we just run this up for the root. So we go into the top side, or we get the correction next, or we get a correction developed next week, and then we, we should see a tradeable load developer will be updating that as we go. The Dow is coming into it's ascending trend line resistance so I'm looking for a pullback in the Dow to this trend line support area. I'm looking for 34,000, 34,960 ish zone to watch a bullish reversal patterns to engage that on the long side. And again, with this with the situation with the Fed next week, it might be that we get a deeper pullback so you know we could be trading back down into this support before then taking off once again to the upside, as we as the market digest the Fed tapering in real time so they're paying close attention to these these key levels in the in the Dow. So we're going to watch for this trend line test and a fourth wave pullback and then a fifth wave and then we'll see how we have a price action developed but for now, this was this trend channel remains intact focuses on the upside and we want to be looking at long positions. Russell this is a trade that I'm watching very closely for a year and rally in the Russell pullbacks now into this high volume node and this pitchfork support area so we've got 20 to 28 so anywhere 20 anywhere in that zone, I'm going to be watching for bullish reversal patterns for long positions to target a minimum 2441 on the upside and that minimum is the 127 extension of our way for consolidation here. So that is that's certainly one that's on the radar for the coming sessions DAX still running long positions here and pullbacks now should find support into the 15500 area. And ultimately we're looking for this to grind it out to the upside and get a test of the ascending trend line resistance into year and 17200 zone is is the upside objective. No clear trade at the moment in the Nikkei, I think we probably have to test this trend line again, before we can think about retesting the prior cycle highs in the Nikkei dollar index. So, with this dollar now, I'm looking for any pullbacks to any pullbacks into into this trend line support comes in at the 93 handle to get bullish reversal pattern from there to set long positions looking for a 96 or late 95 tests, and then that should set up so the pullback should come ideally will come into into next week and then we get the tape renouncement get that by signal. And then that except once we get that extension I think that should see the market court of side and we'd be trading into the 50% of the tradesman here. It comes in just above at 9650 so I'm watching for an opportunity to get along the dollar to play for a by the rumor, and then sell the fact type set up in the dollar index once we if we ideally get that tapering answer next week so any break line, it's internal trend channel or a test of the trend line here, it's going to be an opportunity on the long side play for that 90 late 95 only 96 tests. Gold. This one yesterday we held this high volume node in gold, and we are running higher now that was posted into the trade, the trade ideas on the trading the account so what I'm watching for now with gold ultimately is move up to test this major ascending trend line resistance coming in at 1832. From there, we have pulled back and get a proper rejection and get back down into the ascending trend line support area. What we also want to what I also want to note here is that we still have the potential for gold to play out this corrective pattern. Which would actually have us down trading in the 1500 level, whilst we hold this resistance but for now the focus looks to be on the outside, and if we can see how price responds when we get that test of the trend line if we break through to get a clear break about on on a closing basis then I think I mean certainly want to think about gold retesting the 1919 handle. We've also got the idea that equal legs here. There it focused on will be that 1877 so but then through there we look for 1919. It's really in the key to see how we respond at this 1830 is, is the level to pay attention to coming sessions crude oil. Getting pulled back here in crude and I what I want to see is this trend line get tested. The bullish reversal patterns to get long cruise and then I'm targeting the ascending trend line resistance coming at 93 60 and then from there I think we have a more sustained correction in crude oil but certainly whilst we pull back and test this trend line support get a bullish reversal pattern. We are going to be looking to buy crude for a move up into that 93 30 area. Bitcoin, looking for a three way corrective move now in Bitcoin to test and hold 50,000 56,700 and then from there we are going to be targeting that 75,000 test, which, which I've been talking about. So, looking for a three wave move here back into the 56,000 level, but a high volume node there as well to get long Bitcoin which bullish reversal patterns there. And ultimately, we look for a move up to 75,000. The alternative scenario here, and I'm just going to blow this up a bit is bringing a trend line here. So if we close through the trend, this interim trend channel may be the may suggest that the correction has actually completed here in three waves so it's done the minimum technical requirement of getting that three wave corrective move so we get a close back through this time resistance. Let's get this. So let's see if we get through close through 62,000 may be sufficient to have completed the correction, and then we just look for the extension up into our target zone. But ideally what I'd like to see is a more pronounced three wave corrective move to get into this support zone. So I'm going to be keeping an eye on Bitcoin. I'm going to update that in the, in the trading view over the coming sessions because I think there's opportunities developing there near to Bitcoin. We've also got ether here. Similar idea really I'm looking for a three wave correction, but this high volume nodes and the projected pitchfork support coming in 3441. So pull back into that area, I think are attractive on on the long side. But again, the alternative scenario here is now we take we've got a, let me just move that and bring this in a little triangle here, developing. So a close through the triangle resistance would actually suggest that this correction is done for now. And then what we'd be thinking about is another test of so we take out the highs and we can start to look at the 127 extension and the midpoint of the channel so 5124 on the upside. So couple of scenarios here rather get a close through that trend line resistance is coming in 4303 at the moment. If we do get that close, then I think it's going to be a grinding a case of grinding out to the upside and looking for that 5124. So, or we hold the trend line resistance and ideally going to move into that high volume node before taking off to the outside couple of opportunities there developing and like I say, I'll update those in the coming sessions while the channel. So again, looking for it to hold this trend line resistance, it might might be doing a bigger double correction here, let me just move that for you and look at the zone here. So, we have potential a the sea. Tony pullbacks into this 1300 level should should see by a step back in. So we can start to think about a test then of the quality objective at 151776. Alternatively, similar really in a bunch of these markets at the moment, we can draw in this trend line here and any clothes back through the trend line would suggest that the correction is all is completed for now. We can look to re engage on the long side, at least looking for that target and potentially higher there with the projected sending train line resistance coming in at 161770. So I'm certainly thinking about long setups in dollar yen there. Swissy looking for the Swissy to try and get through its sending channel resistance, or if we hold what we see is this scenario. And we pull back into this sending train line support before trying to recover and make another run to the upside. Just above the high volume out here. And so seeing the chop Europe. So looking a little bit we've had the easy, we've got the ECB today. Ideally, I'm looking for this to test this, the same trend line resistance and then set up the next leg to the downside, which would coincide with that dollar testing up into the 95 96 area. And then we see a more sustained reversal in the euro. So I think we take out this projected sending trend line support. We could be heading straight there. So, keep an eye on that. Euro yen is one also that I'm watching. So this, the euro yen correcting, let's look at the policy objectives here. There are many moves that get. Well, we're right in the zone now for for this one to try and find its legs again so we can get bullish reversal patterns from this level. We will be looking at long positions. So we've got this internal trend line then to as a reference point get a close back through there and we should actually give the green light for another leg of upside in terms of in terms of the euro. So in terms of the euro yen. So we're getting that one euro Swiss coming into key test here we've got projected as sorry descending trend line support. We've got the extension from our B wave high here so watching any test of 106 15 as an opportunity on the long side certainly think about three way correction back into the high volume made there. Then if we can get grind it through there then we can think about the same internal resistance coming at 180 50 the euro Swiss. Euro sterling, finally getting down to test that 84 handle. So I'm watching for an opportunity to play a counter trend longs here in euro sterling certainly think about 86 30 on the upside. I'll update that through the training for your accounts in the coming sessions you're a Kiwi. So we have this weekly. Sitting right on this weekly trend line closed through there will be a pretty significant bearish development for the your Kiwi and open up some some interesting opportunities on the downside. We're going to close this week but if we close through there, then I'm going to be looking at strategies to get short the your Kiwi, and we can think about this extending lower to the downside. A couple of other ones that are going to coming into play. Sterling Aussie. So it's broken its trend line so I'm looking for any pullbacks now is sterling Aussie to test this 184 from below what's for bearish reversal patterns that short positions play for this projected descending trend line resistance we've also got a high volume coming through there at 180 40 and a rattle through a couple of these now guys we're time constrained sterling in so we've got that breakout through that major weekly resistance. So what we're looking for is opportunities to get into this on the long side potential three wave correction here back into the prior highs. So I'm watching the bullish reversal patterns again just as additional confirmation for you or if you want you can put in that trend line there so looking for a bull, bull flag scenario. The weekly target for this one is 164. So for bullish reversal patterns to certainly think about a 159 tests but really what we look what ideally what we're looking to do is join up bigger trends and look for this extension up into the 164 area. So that one is also on the radar. A bunch of these a bunch of these yen pairs are all in this way for scenario. So I'm going to update again. The daily trading view ideas, because I see a bunch of opportunities developing in these ends. So I'm looking for this Aussie and Kiwi yen. Looking for that to play up into this ascending trend line resistance and then there's going to be an opportunity with once we get the momentum divergence in play to to trade that on the short side. So now we're in a round position working well. So now looking for a test of 1530 shallow callbacks and we should see an extension up into that. So once it's in target zone with the double around there, which was one that I highlighted last week. So it's, it's going to be a question really of paying close attention now to how the market responds next week after the third meeting that's going to set a phase of price action to play and and then what we're ultimately looking for is going to be a reversal in any equity weakness that we see that gives us opportunities on alongside trades that seasonal year end move. Ultimately, they're looking for some weakness in the dollar after the by the rumors sell the fact trade sets up, and we should see these effects majors trade higher as well post post market reaction to the FMC. So with that said, are there any questions, you can type them into the chat box or the Q&A box. Please Patrick, how do you use Fibonacci either for retracement auto execute truth. I don't specifically use Fibonacci as such to execute trades. I use it to measure. I use it to measure market equality objectives. So I'm always looking at symmetry in the market and equality moves measured moves, and so I use it for that. And so where we have confidence where we've got a measured move, and we've also got retracement, then watch for the price action in that area. I don't trade off Fibonacci as such I'm always watching for price confirmations. Any other questions. Equally if you don't have a question and any in the chat box is useful so that I know we do perhaps do high frequency trading. So high frequency trading is such a trade. Normally, most of my trainings of daily timeframe but in terms of the in terms of the futures profits and the E-mini S&P, I trade that on an intraday basis. I have a bunch of bunch of setups there that I and in additional confirmations from market internals that I use to trade the E-mini S&P. So what's the golden zone as a signal to execute your trade? Sorry, what's the gold, I'm not sure what you mean by the golden zone. Okay, if there aren't any other questions, I'm going to wrap this up here. So you're saying any currency against JPY is, yeah, well I am bullish, but I believe that we're in a fourth wave consolidation at the moment. So I'm waiting for that fourth wave to give me the signal that it's complete and then I'm going to play for the fifth wave extension to the to the upside. With the Fibonacci's, I'm looking for more for confluence. So where we get, you can, there's this basically a catalogue of all the webinars that I've done. So I'll put that in, I'll put the link into the chat there. That should give you some sense of how to go about it. Okay, are there any other questions? Yeah, in terms of the fundamentals, I mentioned this last week. The corvoids, the trading approach for me is technical, but I'm very cognizant of the fundamental drivers and dynamics in the market because when you get a technical setup, understanding the fundamentals gives you a sense of what the catalyst might be to drive the technical trade through to its conclusion. If you, for those that have asked about the, here's the, let me just do this. There's the link, the trading view, tick mill trading view accounting where I post the daily, the trade ideas and their videos. So if you want to get a sense of how it is I trade, then that following those ideas and the videos will give you the best explanation because I break down the setup that I'm looking for, how I've identified the trade location, etc. So that will probably be useful for you. And then lastly, again, for those who are interested in joining the Facebook group to get the daily trade plan for the S&P 500, there's that link again, just request membership and you can, you'll get that daily video as well. It's like I say three to five minutes. And I don't just give the trade plan for the day ahead. I also review the trade plan from the day before versus the price action that played out during the sessions. So it gives you a high degree of transparency or it's high degree of transparency in terms of how effective that strategy is. Okay, that said, I'm going to wrap this one up here guys. Thanks very much for your time. I hope this helps.