UsdCad Commentary

Dollar CAD Analysis and Market Insights

Overview of Dollar CAD Pair Movement

• The speaker discusses the Dollar CAD pair, noting that specific levels (24.12, 24.40) are about to be hit.

• At 1:24 PM EST, the market has reached these targets, indicating a successful prediction of price movement.

Analyzing Market Dynamics

• The speaker reflects on the reasons behind recent market movements, emphasizing buy stops and resistance levels as key factors influencing price action.

• A strong dollar index is noted, with the market showing consistent upward movement since midnight.

Trading Strategies and Market Sentiment

• The speaker warns against attempting reversals in a strong market trend, highlighting how traders can get "chopped up" when going against prevailing trends.

• Personal opinions on Bitcoin are shared; the speaker expresses skepticism about its value compared to traditional stocks.

Geopolitical Influences on Currency Strength

• Concerns regarding South American countries moving away from using the dollar are mentioned but kept neutral due to potential political sensitivities.

• Speculation arises around certain countries collaborating to strengthen their currencies against the dollar amidst Bitcoin discussions.

Technical Analysis and Trading Decisions

• The speaker notes that despite negative sentiment towards the dollar, they prefer to take positions contrary to popular opinion.

• Discussion includes strategies for targeting liquidity in trades while considering upcoming high-impact news events affecting currency pairs.

Learning from Market Makers

• Emphasis is placed on understanding market maker behavior and learning from past trading experiences rather than just following common practices.

Market Analysis and Mentorship Insights

Trading Strategies and Market Predictions

• The speaker discusses taking profits at specific price levels, indicating a strategy of scaling out positions at 24.20 and leaving a portion for 24.40, acknowledging minor inaccuracies in predictions.

• An optimal trade entry is highlighted, emphasizing the importance of short trades that target lower swing lows based on market movements.

Addressing Misrepresentation in Mentorship

• The speaker addresses the growing trend of new mentors on social media, expressing a commitment to maintaining professionalism and avoiding negative commentary about others.

• A warning is issued regarding individuals falsely claiming to have completed the speaker's mentorship program, stressing that they are violating non-disclosure agreements (NDAs).

• The speaker clarifies that anyone promoting themselves as having been a private student while teaching mentorship content is misleading potential students.

Free Learning Opportunities

• An invitation is extended for individuals who may not afford mentorship to join free live analysis sessions held Monday through Friday, providing insights into market anticipation without formal teaching.

• The speaker emphasizes that these sessions will not cover mentorship material but will focus on real-time market calls during trading hours.

Engagement with Followers

• Acknowledgment of the challenges faced by those unable to join paid mentorship programs; an offer for free engagement aims to provide value without financial barriers.

• Clarification that access provided does not equate to full mentorship but offers unique interaction opportunities through a dynamic forum setup.

Transparency and Community Interaction

• The format allows participants to engage similarly to blog interactions while observing live trading activities during specified times throughout the week.

• Emphasis on consistent performance over time aims to instill confidence in followers regarding market behavior understanding through shared experiences.

• Critique of those creating signal services or repackaging free tutorials instead of offering genuine educational content derived from original teachings.

Interrogation and Mentorship Challenges

Personal Impact of Interrogation

• The speaker shares personal experiences of family members being interrogated, which created distractions and affected their ability to focus on the mentorship group.

• The stress from these situations was deemed unfair to both the speaker's family and the mentorship participants, leading to a decision to step back.

Social Media Re-engagement

• Upon returning to social media, the speaker addresses comments made by an individual regarding a review related to their mentorship program.

• A significant number of participants (200 people) left over 12 months, but there remains a strong core group of 664 committed members who completed the course.

Expectations vs. Reality in Mentorship

Clarifying Course Objectives

• The speaker emphasizes that the mentorship is not a signal service; instead, it aims to teach participants how to analyze market movements independently.

• Participants are informed that they will not have direct communication in forums as moderation is limited; respectfulness is expected among members.

Market Insights and Learning Opportunities

• The speaker expresses enthusiasm for sharing insights during busy market periods while clarifying that their role is not to provide buy/sell signals.

• A private membership option for continued learning into 2018 will be available, with transparency about costs involved.

Market Analysis Techniques

Real-Time Commentary

• The speaker plans to offer real-time commentary during New York trading sessions without providing specific trade instructions or signals.

• Emphasis is placed on understanding risk management within demo accounts where no actual money can be lost or gained.

Addressing Criticism and Misrepresentation

• There’s frustration expressed towards individuals who belittle followers or misrepresent the speaker's teachings by repackaging concepts like "broken nose patterns."

Learning Resources and Future Plans

Upcoming Educational Content

• The speaker mentions recent examples of significant market moves shared with participants, highlighting their approach focused on identifying major trends ("elephant tracks").

Accessing Tutorials and Membership Information

• Old tutorials will be reintroduced through a new forum on the website innercircletrader.com, allowing free access until year-end.

Final Thoughts on Engagement

Invitation for Participation

• Participants are invited to engage over three months without any cost while gaining insights into price action analysis using free tutorials.

Focused Learning Approach

Market Patterns and Trading Strategies

Finding Your Niche in Trading

• The speaker emphasizes the importance of identifying a niche within the trading marketplace, suggesting that this approach can benefit traders across various styles.

• It is noted that the discussed trading pattern is applicable to all time frames, making it versatile for different trading strategies, including long-term position trading and scalping on one-minute charts.

• The speaker expresses a commitment to sharing insights regularly, indicating that future discussions will continue to explore these patterns and their applications.