 Good morning everybody. Welcome back to another stream. We need to lay my out of the way Read it weep it. I don't know. I don't care. Let's get started main main Yesterday pretty easy day nothing pretty much went Let's be sort of attended We're looking for prices why blow it was building short prior to the open There you go at 10 o'clock. You've got your swipe. You go a further. So they get here It's still within sort of where you'd have entered soon find So there's your 10 o'clock entry around here and it pushes up Comes out makes it high because again, you're only looking for this Up move just to clear out the shorts It's you only really had these shorts stack up in the first place Because you just wanted to get people tripped up on this high And after that back down again We have now monday's range set up for the week. So that's what we always want to mark out There's our sort of tentative range or tentative weekly range because Tuesday will end up Siding Holy whether the weekly range will be Tuesday trades inside monday then this becomes our weekly Right now, I mean you can see that new york already So i mean london rather or he went above that grabbed a bunch of lungs pushed back down And now it's sort of struggling The makeup of the current sort of market and you can see that when it went above new york London rather It did end up collecting a bunch of lungs here and that's always a nice sign today. Okay, you're at 50% of the week range and also collecting lungs So we're potentially going to go down a lot Pretty nice and simple In most times you just want to see something and do the opposite Break down this again. We did a lot of love Narses on this yesterday where you could see something slowly stacking up here We went over to spot We saw spot had the same thing you can see that here But we had all these guys just panic selling into someone And then push on Same thing here just much of selling no one really bought on spot yesterday She's always nice And it's just back to the same story again where we're pushing down pushing down So we're probably accepting similar sort of results to come out from today Uh if anything I mean you can see that for some reasons People bought on the break of London. I don't know how you get trapped like that and how it's By as you just see that and just say yeah, that's great. Let me buy there I mean, let me let me sell at the bottom and let me buy the top I don't know like what are these guys doing that To sort of signify and buy there And the same time I shouldn't complain because these are these guys reasons you make money, but Bill is just confusing. It's just like, okay. How can you be this bad? That you just haven't learned your lesson After like the second time Just it just strikes me as weird Maybe if people have too much money Or maybe they have too much. Yeah They have no sense for the money they have Surprising But again, we already thought about this. They just start fun pushes back down We're collecting a bunch of shrewds here. So that's something we have to be wary of and you can see in spot as well There's a lot of selling that's been in touch That's always always a fun time If we had those two together we can tend to look at ways to try and Try to clear these guys out prior to moving down if we are in fact trying to move down for the day I mean if we're doing the opposite where We're just searching down and just seeking for lower and just grabbing a few more shorts and the way because I mean They've been pretty good about on on a downswing So Managing both longs and shorts. So they've been breaking both ways So it's not one way or another. It's okay. There's a decent amount of both ways. There are more shorts than there are longs but there's still sort of longs still listed around here rather than being sort of Completely tapped out. So adding a few more longs here could be a nice addition I mean, you could just sort of signify If we swipe down it just becomes a swing down like it was yesterday and push up out for the longs or the shorts after the After we clear out longs on the down move here So we can sort of push out and try and If we look at it Here You're gonna see this as Came into initially. So we've got stops here Yep stops. Yes. I haven't been here So we're looking for these two areas It's better to stop on so for the main one is always going to be that weekly low here. It's always on the Monday rather initial load That's something that we're looking for here generally want this week to be worse than Open I'll open the week is here. So it's still green pretty much on doji so Ideally, we just want today to try and sort of recover upwards. It's the best course action for us in terms of long run moves If we end up pushing down so be able to and then sort of reach around If we're pulling out here, we can reach around like this as long as the closing read The week we're happy Again, what the week looks like After the last week just sort of Meloing out for now Closed off the week here I mean, but that is this you can see that it's closed off everything here on the weekly So it's just met this and that was the reason for going by in the first place and Again, something we discussed yesterday And back down it's by itself. You can always trade with the inside itself as long as it starts being that We're still sort of hoping for that to continue downwards At least try to find itself around sort of the territory Yeah territory around here, I mean Generally or better and better sort of Areas we're looking for this. I mean, it's just what we've been looking for for a really long time I mean at some point they're just gonna have to give up ghost and give it to us Uh, I mean They don't give it to us. You know, I'm just gonna be Yes, I'm gonna be levied Yes, same story here. We ended up doing uh, I mean it ended up driving it Everybody out. So you can see the recovery they had Be getting into new york. They held it up here grabbed a few more lungs because people thought they could break this Then instantly got wiped out and as soon as the open came they just sold into this area here to help the all the stops Today's the 25k day I want it to be but I don't think it ultimately ends up being today. That's the thing So it's just uh Getting sometimes you don't get what you want I never get what I want Because Uh, you can see here. That's where it hits the low hits it with london. I mean bitcoin rather On that 10 and 10 15 and swipes up the covers and see where it mills out And that's what you use for bitcoin. It's like, okay. I hit there. Nice got rid of the lungs That's where it ends up stopping at also that would be must the area I stop at for A bitcoin so that's where you just sold into and you're sort of been happy here and just say, okay There we go. You got both sides and just reverse it Again, it just built up different again. It's just Just we're looking at this just opens here. That's the only Only subspent and it's still a bit above but it might continue as it did for last week where it just Spated sideways and just gave you it just the shallowest of uh shallow Downward swing Just getting the more this continues going this way the more people we can catch on the up swing instantly get them out And just let just make them feel a lot of work I remember we drew this uh not as All right, but just do sort of uh Do the opposite or just monitor where retail is going because we don't like trend lines here We use them just to say that. Oh, yeah. Okay. Where can we catch retail? Where can we catch traders here here here? Did we catch them? Yes. Yes. Yes and back we go So you can do the same thing for everything Throughout I mean this deeper one this Good body to body You can see that again You have that closer area where you can catch people on the sort of Short term anything above here will catch people on a break And catch breakout traders and stock out uh shorts on this slope as well So you can see you've got a lot of liquidity up here available to us From both breakout traders and stocks So it's a twofold. So we want to look at that and just say okay So we're bringing out This here, but we're just probably going to trade back Yeah, which we are already if we swing high and then catch a nice little Let's say inverse head, uh, then we can catch people catch people out by sort of ripping them away Jen's up working out, uh to what the book says, uh, and In sort of uh, how we've been training again After sort of yesterday where we had the high everything's been trading really short We could have given up uh here and just said okay. I'm closing here. There's no point being in one and just seeing this and like, ah damn it Then see this back in probably expecting similar sort of scenarios to uh Sort of unfold where you do have loans you did have loans so come in to and throw But right now initially collecting more So you want to you want to swipe them out if you want to go any higher And we do have a bunch of shorts added to our sort of uh books always, uh, create a lovely time for an upward swing Even if it's on the impulse or Uh, today was a quiet day for the news directly, uh, nothing's all coming up and Like I said, Canada didn't really affect us made up place. We don't really care for it Uh, just have some things coming in close to sort of 10 Speakers coming in retail sales don't really affect the charts too much again Like I said, another thing sort of too important coming out uh from today Major that will affect uh Everything anything that it's decent sort of kind of Uh, I mean it is sort of driving itself a bit higher grabbing a bit of long I mean fell well below below, uh, forecasts If it was anything else if this was sort of KDP or any sort of major This sort of disparity will normally I mean Here's a big thing holding on stock market. Oh, is that is that a hook him? unrelated findings from finance and so tesla seek Yeah, I would also tesla stick each I don't know why you're holding that Let's let's see what the bank of america is saying critical information for us trading day Registrals and more debt ceiling talks are a big spot like tuesday with stock futures indicating a wobbly Unwobbling ahead There was also some disappointing china data that showed a slow recovery Everything Uh It's the dipping a toe into how investors are feeling these days So the latest fund manager survey from america strategist michael Upknit and team reveal that investor sentiment deteriorated in may The most bearish of 2023 as investors lifted cash balances And more and got a little more negative on growth Uh, you say that good news positioning Very positive You see that do I have to go like this? You see that Interesting Everyone's always talking about how Like I don't know if everyone's talking about but I've heard decent amount of people talk about there we go It's finally coming down Like I said, it's nothing that will affect our sentiment in Trying to push people out. Yeah I'm going to push people out for the 10 o'clock 10 o'clock, so I since we get these people out then we can maybe make a dig for higher Anything if anything carry on yes this or just wait to transition into a Uh, that's this. Yeah. What was I saying again? Uh, yeah, everyone's talking about how everything just looks like 2008 again with uh You saw that when it was flashing that If you find that out 14 million people be fine. That's in homes. That's that's never a pretty good thing Uh, that's always That is always a bad time. Uh, especially if we force banks to collapse. I mean banks already Uh banks are in a predicament then It always lead to us having worse Times especially when people starting to refinance Just to survive That's and that would explain the slow growth Seeing just like our people struggling so sells Well below but still recovering because we were out We were out of worst a couple of months ago. Now everything's slowly Trying to pick up the sort of incentives that the government give it out But generally it's just not holding up very managerial convince that this is it will mean uh So long as the economy economic soft landing is soft Hello Charges The soft landing has the most like outcome of the global economy Oh I'm gonna get no landing Oh, no Everyone thinks that we're gonna get a soft land. I don't I'm interested in those What do those say no landing What do you mean? You just know the session and we just don't land just look just the dollar just becomes zero uh And 61 percent are convinced that uh has finished hiking Employees Perhaps not They went on pause. Do they not the Fed so They at least just monitoring the situation. We'll know when uh, that that darlard Power comes to speak Other than that, I mean we'll hopefully give us some Some semblance of hope to say, okay. Yeah, we're just monitoring the situation If we need people go up It's never finished the feds never finished. They're they're just pausing what they're eating See if they need to hike once more I think that's what they mean by finish, but I don't think they thought uh Put rates down anytime soon just because They're struggling Get ceiling blocks baffling some wall street Everyone will be raised We don't need this to be raised though. That's the thing raise the equity more issues Uh, so where the worries capital markets Uh, the bank credit crunch global recession at top followed by the high inflation rate that keeps the banks Yes, I think yeah, like I said bigger sorts of sessions I'm not even just global Yeah, everything's been looking weak geopolitical of China and Taiwan My inflation keeps going Don't fish dramatic credit then But yeah against a couple of the lists is bank credit crunch and global recession That's always We're always going to shout for those signs Right now, especially just like I think Everything's looked worse. Everyone's financing banks are struggling It's just it's just cooking into a very bad mess Out of the time sort of being like any harder I mean, maybe it's time sort of leverage that but you know, it may be too soon So you might get caught up in And like a flash crash then after that it recovers Because you always want to try your luck that in those flash not quite a lot But you always want to slowly accumulate in those crashes because after a flash they're Take is a recovery or a consolidation for another crash So it's if you see a consolidation neither consolidate alongside ad positions, but only if people just panic selling like we see But you can see that if you have both maps, just like, okay Everyone's selling at the bottom. Everyone's buying at the top. They're trying to trade this range But it's struggling. I mean we had a range a while ago with This bitcoin Just here where everyone's selling the bottoms everyone's panicking here. It's all Getting shares everyone's buying these tops and finally after one swipe recovery everyone's out Everyone's back buying these tops and selling the bottoms We want them to potentially sell more to the bottoms once they get a lot selling then maybe we can recover I mean, it hasn't dropped it since it's all plus I mean, I think they're just waiting for people And again, I don't think we drop it public. They're out On longs. We want people to come by us in spot market That's the only way to get them to sell to us at lower price and Finish them being wrong Listen, you've covered These bars playing so okay the day it was and not even the day that causes it's just the trying to cover this And just of course some mayhem Even course ma'am just grab us many longs Make sense to that I mean pretty early in the cycle and look at yesterday Pretty early when we came in Come in always around like eight We went higher and higher But we're expecting the drop because we saw Buildup of here. We knew that. Okay. It's it's not buying here. It's waiting for it to build up in shorts Then buying around here We're not longing here. We're not shorting here as well because we know that we're looking for And if you're shorting here, like, oh, yeah, it went down my way. Ah, I still recovering then you Then you instantly got spiked out all the stops taken if you're in that short then it's back down again Then ah, I don't know rest of the wicked and finally lines up with Pushing up being very aggressive this early Still sort of spells nice things for us if we're looking for a down sort of swing Just sort of collecting those longs As soon as we see that Sort of come out. We're just trying to create a nice little double bottom for us. Once we get that double bottom And then push out if it continues to go higher and just then consolidate into sort of this area here Then push this higher. That's where you've been and she's short But that's sort of your unlikely outcome Does the sound quality that sound really bad? Is it that bad? Maybe it's just my voice I've got a pretty croaky voice today And you've got some spot buyers. That's all Again, that's the whole reason for trying to go up in the first place to get people buying. They bought here They didn't buy anything here. They didn't buy anything here, but for some reason they're buying here That's always nice. I mean we managed to accumulate a lot here in terms of From the side of the market Accumulated those bids and people selling So that's always sort of signs that okay, they're trying they're probably sort of sell to them when they're buying So anytime you see this the market sort of offloading whatever you bought here They didn't really offload too much here. So At some point you're going to have to recover this game. They can hold off a week And maybe even a month on these sort of positions because they average it out Average out when they go to the downside Showing signs showing People say, oh, yeah resilience, but not really resilience. It's just just trying to grab people out and the only way they can really do that is by Making them think price will continue to fire In fact, yes, this is an imposition that we thought about. Yes, they mean I go there's where we got them There's this again, you can see they just start buying to this. They think it's going to break out And then when it doesn't they get Mild shock and we're like, oh, yeah Why did you buy that without open interest? How do you know it's buying and selling? Book my man and experience I guess a bit of both like Here's very fast movements tip will stop on we already had shorts here So expect stops to be taken We see these rapid flurry of uh lungs just being market buy So we can say a majority of that stop on No real new loans then you can see the truth of positions slowly getting added with our shorts. These are retail shorts flurry of longs stop on stop on And back again So most of these longs are stoppons. Uh, the only real people that ends up being added getting added here are these suckers Uh, again, love sort of flurry The fast movements and flurries. They're usually stopped Uh, if you see sort of medium positions slowly being added and taken away they're usually sort of actual beds And usually you have walls where the stoppons should take place And that's why you can trade with these walls for most of the part But again, sometimes they dig deep by like, oh wait, they can collect more here because they see breakout traders have orders as like Penetrally like here just say, oh, yeah, if it goes to this, I'll buy so they just wait for them to buy People will just love and push it back down. So again stoppons mixed with sort of market buys But the general consensus is, okay, they got what they needed If it's stoppons or breakouts regardless, it's going to go down At some point just due to the fact that they've collected or they've had to collect in short Uh, to hold the stop there in the first place. So I mean for instance here, this is in Lariat stops ends on the large dot here You can see this didn't really move the market but it was what a plus In the same way for what? 3,000 ones out of us plus plus two cages and this one hit here So instantly regardless of the stops or or new lungs being opened They just take it away because they're short here to hold it here But they had to counteract and you only can see That's 600 here. So they iceberged a lot in They held it here and then they pushed it back down Let people think it's confused to go down Before taking out some of the lungs here And pushing out You don't care whether it stops or lungs you just know that It'll stops taken and there was some lungs added or There's a mixture basically it's not only going to be one. It's not only going to be two Unless you're on spot market, that's it Then I can use that on here and just say okay. Oh, yeah, easily say that's just reaction That's just that's just reaction to say lungs I know the behaviors now and the patterns I'm looking for it's just like, okay. I'm looking for lungs here because I know I'm expecting breakout traders Um, look, but there's no you can see those stops here, but no real clean stops to be put here So just sort of breakout traders instantly caught out and I don't know they get caught out because there's no volume at the bottom No real shorts here No one sort of being tricked on this uh slope here So they pushed it out only the volume you got is on the second half and the top Push them Down and goes again, if Those are confused just comes time experience just spend more time looking at the charts and The better it becomes again, you can see these guys no volume here. They didn't get any lungs They're just getting shorts here anytime they flash red Get traders Because feeling your knees. Uh, yeah, man. You got you got you don't have that Does your knee also tell you when it's gonna rain because mine does like I I can tell when it's gonna rain Just by the feeling in my knee my bones my bones Probably my arthritis, but my bones feel weird, didn't it? I can feel the storm coming Like generally that's like that's not even a joke as well Another joke most time, but like like that's a genuine thing. I my knees start getting crickety before it rains. So Are you when it's raining? When it's going to rain Which is a nice thing to have It's not it's not even uh, but for trading it's not uh Experiences just like, okay, you know people where people are going to come in and stuff like that I mean this uh Tempted but at the same time just just a lot of effort and I don't know when they are gonna add it when they're gonna add custom indicators It's just right now I don't know when they're gonna add it. So let's say add it and essentially look like that I mean I can I can do it I think they're still sort of developing it, which is annoying. Oh wait How do you Damn Uh, yeah, I'll see Don't be bothered Because I know they're gonna add python in a bit. That's that's why I'm trying to wait for Makes life easier I think that was late for like the end of the year, but We'll see if which comes to us me learning Me learning javascript or python But no, I'll I'll give it a go Just got to find the time because I'm still sort of Reading on the fact that it doesn't have most of the functions I And I have to get so I have to get really smart about things and I'm not that Maybe I can just run it through or talk again chat gbt and see what it gives out Then spend the rest of like the two weeks just trying to Make it work You know could be fun could be fun Slowly but surely coming down. I mean they do grab a lot of Still grabbing So nothing's all Surprising here and nothing's off too Too bad you're looking for Game stop on into a time up. That's what you're looking for out today But you can try to trick people out the main thing you try to do This one's already making a break for the downside, but In We have a lot of time We have a lot of time before we can get that nice and stuff on before you can get that to try and time up All the way here, but generally that's what we're trying to do It's been consolidated Because we don't have anything serious going on until uh This is bellen Friday here after the bellen comes in Nothing's all too serious until that friday That we can still close red for the week. We just have to pull out eggs and Friday basket and that dialogue to stay some dumb things and say Oh, yeah, we're gonna crash up Symptoms of the same thing that we had yesterday. Nothing should be surprising today Really, yes. Say you should be able to trade today. Go over the cells The absolute All right Again We don't mind they see They see here to They see here to here's a potential area to buy breakouts. So that's where you look at breakout traders uh, you go out Where you have your stops basically placed here This area here so as soon as we Start reaching to this that's where you're gonna grab a bunch of belongs You know, they're gonna catch a bunch of mums on this freight as well And it was sort of cascade if the cascade all the way up to here then sure Obviously uncle, that's a nice little double top. That's your perfect. That's a nice area to short into walking given We start pushing down. I mean it depends on what we're doing these posts here start pushing up That's likely what we're going to do here But genuinely you're trying to pivot this already because you have an hour To kind of pivot this a bit further down If you want to look for a recovery long Then from there push back down if we end up breaking the low here, I'll be very surprised Again, it's been worth things. I think uh, that'll be where we go next after we take this area out Uh, so that's something you may want to look for after the fact maybe wednesday To start pushing outside the range because we need to start pushing the range. We can't just sort of Make this make this a good day or a good week rather for us You want a bad week just to Just to live within uh, sort of activations again Uh, again it falls under where we're looking for We're just just burying out here to make sort of sense. We've got stuff to catch us if we do take uh, take this low in large This is coming We've got areas to hold us so it doesn't sort of matter Out there's not going to be just a random crash, but we have nothing to trade to uh At least not this case uh this time As we've had uh It did Go itself out now Now we've got all that to do the same this week last week again Lift two expectations of having a bad week. Now we're just covered during the weekends Then we've got to try and do the same thing Same thing here Go push out you've got to do it in a way where we're making money And that's always that always looks like this where it has ebbs and flows And creates sort of nice little scenarios for us Again, you choose scenarios today either up and down And ultimately down to make it for Wednesday Or push it out to meet into around here Very aggressively Meet into aggressively then start pushing start pushing the envelope For Wednesday and so on Just all depends on the way the bids are going What's going if you think it does uh be uh latter Where it goes down Get clear as it clears out some infantry Just grab the few more shorts and pushes it out Clear as these guys out adds a lot more fires into the market because We've got to sort of offload all these shorts that we end up putting the market into collecting to someone We've got to do it some way Yeah And we go And with that I think I'll end it there Done pretty much all I wanted to do said what I wanted to say you guys know what I'm thinking for today And I will catch you guys tomorrow with uh the update on the uh aftermath Great save guys. Have a lovely day. I will catch you tomorrow. Peace