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London Session (Shared screen with speaker view)
Pablo Orellana
28:42
Do you see and hear video?
Patrick
28:57
Yes Pablo
Pablo Orellana
29:04
Thank you Patrick
Mac
29:31
yes (stepped away for a drink)
Pablo Orellana
29:49
Thank you Mac
Pablo Orellana
41:50
Give me one minute till the charts open traders
Patrick
42:13
No problem Pablo
ilke
43:25
ok
Mac
43:51
screen is showing
Mac
44:28
I hear you, Pablo.
ilke
44:29
yes
186joe
44:31
YES
Patrick
44:32
Y
Jerry
44:34
all good Pablo
186joe
45:10
y
Mac
45:11
sound is good
Patrick
45:14
Fine
Mac
47:04
yes
josh stevens
53:48
AUD/CHF , EUR/AUD , AUD/JPY
josh stevens
55:16
im checking them out but i like AUD/CHF and EA
Patrick
55:50
Pablo: If N. Korea launched a missle over Japan, shud that not be bearish for the JPY, and therefore bullish for AUD, so why did the AUD fall?
Patrick
56:59
True, but the safe heaven currency was being attacked
Mac
57:00
I wondered that, too, Patrick - as how could Yen be a savehaven if they were under attack?
josh stevens
57:14
after this can u skip to AUD/CHF for a minute to check my work?
Jerry
58:07
maybee robots bought yen
Mac
58:15
This helps me to disregard my thoughts/logic and just look at the price action.
Patrick
01:00:35
N
Patrick
01:01:08
Y
josh stevens
01:02:06
looking for a retrace to 618?
Patrick
01:02:26
They break structure but did a CAR
josh stevens
01:03:24
atr?
josh stevens
01:03:43
ok
Patrick
01:03:56
EO above car?
Patrick
01:04:38
Plus above the 7650 round no
josh stevens
01:04:39
is that at 618?
josh stevens
01:04:54
how would u fib this
josh stevens
01:05:12
currently
josh stevens
01:05:30
yes
josh stevens
01:05:47
no i got the low to the current price
josh stevens
01:05:55
7633
josh stevens
01:06:06
ok nice
josh stevens
01:06:41
would low to current price be ok
Patrick
01:07:15
It broke trend and now at last resistance
josh stevens
01:07:50
a large pole
Patrick
01:08:32
Seen it now
josh stevens
01:10:24
how many pips is that target
josh stevens
01:11:08
NO
Patrick
01:12:12
Plus PSRs since price fell from there
Patrick
01:14:26
That last move up looks unsustainable, therefore high probability of retrace
Patrick
01:18:27
HH so we need to check div
josh stevens
01:18:42
so its ready
josh stevens
01:19:05
tru lol
josh stevens
01:19:33
NO
Mac
01:19:33
yes
Patrick
01:19:33
Y
josh stevens
01:19:42
oh yesss
Mac
01:20:31
divergence
josh stevens
01:21:00
good job patrick
Patrick
01:21:20
But if u check only the last 2 humps, there is convergence
Mac
01:21:40
1-hour looks like a rising wedge might be in formation
josh stevens
01:22:02
chill mac let the pros teach lol
Mac
01:22:23
yes
Mac
01:22:41
Josh - when you follow your own advice, so will I.
Mac
01:23:03
I wanted Pablo's opinion on it, not yours.
josh stevens
01:23:34
lol
Patrick
01:23:35
Chill out guys, this is an interactive session, so everyone's opinion counts
Mac
01:23:53
Is Josh inebriated?
Mac
01:24:00
He is acting like an idiot.
josh stevens
01:24:37
anyways....back to business
Mac
01:28:33
yes
Mac
01:28:36
it was a wild ride
Mac
01:29:03
the large rejection wick kept me long
Mac
01:30:32
I added near the support.
Mac
01:30:45
so, one scout had a lot of whipping, but it all worked out
Mac
01:30:56
I was expecting a longer impact from the news, but it lasted less than one day.
Mac
01:32:51
con
Patrick
01:32:52
C
Mac
01:36:15
As I was asking earlier before Josh tried to derail me, might you consider that to be rising wedge if it had the divergence of the GJ?
Mac
01:36:40
I mean, EJ.
Mac
01:36:48
the EJ looks like a rising wedge to me
Mac
01:36:59
the GJ has convergence so it would disqualify potential reversal
josh stevens
01:37:00
listen dont speak my name please
Mac
01:37:11
I will use it as you used mine, Josh.
Mac
01:37:15
I am being truthful.
Mac
01:37:31
I don't know why you chose to attack me first, but you did.
josh stevens
01:37:32
ok lets move forward
Mac
01:37:43
Everything is not up to you, Josh.
Mac
01:37:49
You like to hijack, but you do not rule.
Mac
01:38:01
yes
Mac
01:38:11
and the lower part starts lower
Mac
01:38:19
but, I could be wront
Mac
01:38:20
wrong
Mac
01:38:28
the divergence had me looking for reversal
josh stevens
01:38:47
im just a guest, lets move forward, be an adult
Mac
01:39:14
You're just a jest.
Mac
01:39:38
ah, that's what I was thinking
White Lightning
01:40:32
there is a 6 A
Mac
01:40:40
I was just hoping to hear your opinion on it, Pablo. If I was totally wrong, that's ok as I will learn. I am using divergence a lot and I am getting better at finding potential reversals.
Mac
01:40:48
Perhaps I am getting overzealous at the moment.
Mac
01:40:55
thank you for your explanation
White Lightning
01:41:04
yes
Patrick
01:41:57
Mac: u see a Rising Wedge, I see an Ascending Triangle. We trade what we see
Mac
01:42:16
I agree, Patrick.
Mac
01:42:40
I wanted to learn how I was wrong if I was as the divergence was leaning me towards a rising wedge.
Mac
01:42:58
I've already sold EJ with a tight stop as a scout.
Patrick
01:43:02
I understand Mac, no probs
John M.
01:43:28
markets are moving, can we move on please?
Mac
01:43:29
Yes, top of box + divergence had me looking for a turn.
Patrick
01:43:39
Div: the end is near, does not mean it's here yet
Mac
01:43:49
Ok, I apologise for the delay. I step down from my question.
White Lightning
01:44:58
is there a twin
Mac
01:45:25
Thank you, Pablo. I've been a member for a year and it has been my first question that stopped the flow of class. Apologies to all.
Patrick
01:47:36
Mac: remember divergence can create a complete reversal of a trend or it can be a retracement to continue the trend. Structure will tell u whether it willbe a reversal or retracement
Mac
01:47:58
Thank you, Patrick.
josh stevens
01:51:05
A little off topic, anybody know how to activate that red box on the bottom left of his screen?
josh stevens
01:51:27
yes
josh stevens
01:51:44
gotcha thanks
Patrick
01:52:20
Div
Mac
01:55:55
yes
josh stevens
01:56:21
rf1010 as in arrow ?
Patrick
02:00:11
N
josh stevens
02:00:12
NOPE
Patrick
02:01:05
Got it, thanks
josh stevens
02:01:08
yezzir
Patrick
02:04:40
This is where I get confused
Patrick
02:06:37
Knowing where to place the swing low when there is a pole inbetween a swing low, that has a candle that meets the definition of a LL
Patrick
02:07:23
This scenario does
Patrick
02:07:29
OK
Patrick
02:07:50
Make sense
White Lightning
02:08:15
ej broken slope of wedge--- 6A--- now back inside the box
Patrick
02:10:28
Break Hook & No go
White Lightning
02:10:48
like that
josh stevens
02:13:49
those pullbacks are huuuge
Jerry
02:15:09
I didnt have the password for the structure session
Patrick
02:15:19
Y
Jerry
02:15:51
thanx
Patrick
02:19:56
But price can wick that support without breaking it, but close above
Graham
02:20:09
Pablo I dont see the relevance of the yellow down trend channel or its structure. Are you just ;rojecting a possibility?? thanks Graham
Graham
02:20:41
yes
Graham
02:22:28
okay thank you
Patrick
02:22:59
Y
josh stevens
02:27:00
can you do the screenshots with the arrows you draw for the good opportunities
Mac
02:29:09
looks like it
Patrick
02:29:09
Y
Patrick
02:33:10
Y
Patrick
02:35:14
Con on 60mins might result in price coming down to form the right shoulder of an IH&S
Patrick
02:35:35
Y
Mac
02:35:37
ideal entry
Mac
02:35:49
buy low
Patrick
02:35:59
CAR
Jerry
02:35:59
div
Patrick
02:38:00
Yes
Patrick
02:41:43
But it price goes back into the trend won't it give mixed messages to the other BBs
Patrick
02:42:23
HF
Patrick
02:42:58
OK
Patrick
02:44:59
Looks like a Bull Flag as well
josh stevens
02:45:10
favorite trade for tonight?
Patrick
02:47:31
Div?
Patrick
02:48:18
HH
Patrick
02:49:17
C
Patrick
02:50:12
Pablo if price is converging, it can still retrace, can't it?
Patrick
02:50:31
Ok
josh stevens
02:52:47
it dosnt look like head an shoulders?
Patrick
02:54:10
Was there Div?
Mac
02:54:19
if support holds
Jerry
02:54:44
size of candles ?
Jerry
02:54:59
if BB are exiting
Patrick
02:55:19
Profit-taking candles
Patrick
02:56:28
Also price went to trendwall, so retracement was high probability
Patrick
02:59:45
Am in a buy on this, but the only problem is that the Index is bouncing off a long-term low going to the upside
Patrick
03:00:43
True
Patrick
03:02:20
Price building a Pole now
Patrick
03:03:53
True
Patrick
03:06:33
Div?
Mac
03:12:51
I don't hear it.
Patrick
03:12:55
y
Jerry
03:12:56
no
Jerry
03:13:28
i dont hear a fan Pablo
Patrick
03:13:53
d
Mac
03:13:54
H&S?
Jerry
03:14:01
hand shoulders
Pablo Orellana
03:15:14
Give me 1 minute
Mac
03:16:39
You're the strong one, Pablo. Travel + minimal sleep, yet you are awake and clear.
josh stevens
03:26:53
which is better in ur oppinion AU or CJ
josh stevens
03:27:11
swissy
josh stevens
03:27:47
dropbox
josh stevens
03:28:50
will u take the ny or scott