MY BIG SHORT Will Happen NOW. Full Trade Analysis!

Summary

In this trading strategy update, the speaker outlines a big short trade idea on the Mexican peso, contingent on the upcoming election cycle. The approach involves analyzing retail sentiment, a smart money index, a forecasting model, and valuation against the US dollar to determine market bias. The speaker emphasizes the importance of risk management and timing, using technical analysis on supply and demand levels to pinpoint entry points for potential trades in both futures and the forex market.

Takeaways

• 📈 The speaker is discussing a big short trade idea on the Mexican Peso (MXN) that they anticipate will happen soon based on a two-month-old strategy video.
• 🎯 The strategy involves going long on the futures market and shorting the USD/MXN currency pair in the Forex market, as they are inverse pairs.
• 📊 A two-step mechanical process is used: first, fundamental analysis to get a bias, and second, technical analysis for market timing.
• 📉 Retailer sentiment is a key indicator, with the speaker noting that they are currently very bearish on the MXN, which the speaker interprets as a bullish signal for the trade.
• 📝 The speaker uses the 'Campus Smart Money Index' to assess the bearishness of retailers over time, finding they are at a six-month, one-year, and two-year extreme.
• 📅 A forecasting model suggests a potential bottom in the market around the 14th of the current month, with an expected rally until mid-August.
• 💰 The valuation model indicates that the MXN is long-term undervalued against the US dollar, which is a bullish signal for the MXN.
• 📌 The speaker emphasizes the importance of not relying on a single indicator and using a combination of fundamental and technical tools for confirmation.
• 📉 Technical analysis involves identifying supply and demand levels, with the speaker looking for the MXN futures to hit a specific weekly demand level before entering the trade.
• 🔍 The speaker discusses the differences between adjusted and unadjusted continuous charts, noting the importance of details visible in futures charts that may not appear in the Forex pair.
• 🚫 The speaker warns about the risks of trading, emphasizing proper risk and money management, and not betting the house on any single trade.

Q & A

What is the main topic of the video script?

The main topic of the video script is a trading strategy focused on a big short trade idea involving the Mexican peso (MXN), particularly in relation to the upcoming Mexican presidential election cycle.

What is the proposed trading action in the script?

The proposed trading action is to go long on the futures market and short in the Forex market for the Mexican peso, based on the analysis of the market conditions and trading tools discussed in the script.

What is the significance of the retail cut data in the trading strategy?

The retail cut data is significant because it provides insight into the positioning of retail traders in the market, which the script suggests can be used as a contrarian indicator to identify potential market turns.

How does the script suggest using the retail cut data?

The script suggests using the retail cut data to identify when retail traders are at a six-month, one-year, or two-year extreme in their bearish or bullish positioning, which historically has been a sign of potential market reversals.

What is the 'Campus Smart Money Index' mentioned in the script?

The 'Campus Smart Money Index' is a tool used in the script to measure the positioning of retail traders and to identify extreme positions that may indicate a potential market turn against the retail sentiment.

What is the role of the forecasting model in the trading strategy?

The forecasting model is used to predict potential market movements and to identify potential bottoms and tops in the market, which can help in timing the entry and exit of trades.

How does the script discuss the importance of valuation in the trading strategy?

The script discusses the importance of valuation by comparing the Mexican peso to the US dollar, suggesting that being long-term undervalued may indicate a potential bottom and a good entry point for a trade.

What is the significance of the supply and demand analysis in the script?

The supply and demand analysis is significant for market timing, as it helps identify key levels in the market where price action may reverse, providing potential entry and exit points for trades.

How does the script differentiate between the adjusted and unadjusted continuous charts?

The script differentiates between the adjusted and unadjusted continuous charts by highlighting how they present different perspectives on market levels and price action, with the unadjusted chart showing more detail and the adjusted chart providing a cleaner view for timing trades.

What is the potential risk mentioned in the script when trading the Mexican peso?

The potential risk mentioned in the script is the difficulty of timing the bottom of a falling market, often referred to as 'catching a falling knife,' which requires skill and carries the risk of entering a trade too early or too late.

What advice does the script give regarding risk management in trading?

The script advises to practice proper risk and money management, emphasizing that not every trade will work out as planned and that it's important not to risk more than one can afford to lose on any single trade.

Outlines

00:00

📈 Mexican Peso Trade Strategy Update

The speaker introduces an update on a big short trade idea for the Mexican Peso (MXN), expected to unfold in the following week. They reference a previous video detailing the full trade strategy and encourage viewers to watch it for context. The current focus is on a long position in the futures market, effectively shorting the USD/MXN currency pair on Forex. The speaker outlines a two-step process starting with fundamental analysis, emphasizing the importance of being fundamentally biased before entering any trade. They discuss retail cut data and the importance of trading against the retail sentiment, which is currently very bearish. The speaker uses their 'smart money index' to show that the retail positions are at a six-month, one-year, and two-year extreme, suggesting a potential rally similar to historical patterns.

05:02

📊 Analyzing Retail Sentiment and Forecasting Models

Continuing from the previous paragraph, the speaker delves deeper into the analysis of retail sentiment, using their 'smart money index' to argue that the current bearishness of retailers is at an extreme level not seen in two years. They highlight historical rallies that followed similar extremes, suggesting a pattern that could repeat. The speaker then introduces additional tools for confirmation, including a forecasting model that predicts a market bottom around the 14th of the current month, followed by a rally until mid-August. They also discuss the importance of the valuation model, which indicates the Mexican Peso is undervalued against the US dollar, supporting the bullish case.

10:02

📉 Technical Analysis and Market Timing for MXN Trade

The speaker transitions to the technical analysis aspect of the trade, focusing on supply and demand levels. They mention the Mexican president elections as a contextual factor for the trade idea. The speaker compares unadjusted and adjusted continuous charts for the Mexican Peso futures, noting the significance of certain levels and how they have been historically approached and penetrated. They discuss the challenge of timing the bottom of the market, emphasizing the importance of risk management and not relying on any single trade for success. The speaker also explains the concept of a 'carry trade', highlighting the positive swap rates that can be leveraged for passive income in this trade.

15:06

🔍 Detailed Level Analysis and Entry Strategy

The speaker provides a detailed analysis of entry levels for the trade, using both weekly and daily charts. They discuss the importance of having the daily chart covered by the weekly chart for timing the trade and highlight the differences between the Futures and Forex charts. The speaker points out a significant gap in the Futures chart, which they believe is likely to be filled, providing a potential entry point. They also discuss the importance of not relying solely on supply and demand levels without fundamental backing, using the Forex chart as an example of how levels can fail without proper support.

20:09

🤑 Risk Management and Trade Execution Strategy

In the final paragraph, the speaker emphasizes the importance of proper risk and money management, reminding viewers not to bet their entire capital on any single trade. They outline the ideal scenario for executing the trade, waiting for the Futures to hit a preferred weekly demand level while the Forex pair is at a corresponding daily supply level. The speaker provides guidance on where to place orders and how to set targets, reiterating the importance of not being overly precise when entering a trade, especially when 'catching a falling knife'. They conclude by wishing viewers good luck and reminding them that every trade is just another part of their trading journey.

Keywords

💡Big Short

A 'big short' refers to a trading strategy where a trader expects a significant price decline and places a trade to profit from it. In the video, the speaker is planning to short the Mexican peso (MXN), anticipating a drop in its value. The term is used to describe a large-scale bet against an asset, which aligns with the video's theme of trading based on market analysis and predictions.

💡Trade Idea

A trade idea is a concept or strategy for entering a trade based on certain market conditions or analysis. The video discusses a specific trade idea involving the Mexican peso, which is the central theme of the content. The speaker elaborates on why they believe the peso will experience a significant price movement, providing a detailed trade idea for viewers to consider.

💡Mexican Peso (MXN)

The Mexican peso (MXN) is the currency of Mexico. In the context of the video, it is the underlying asset that the speaker plans to trade. The speaker discusses going long on futures and shorting the USD/MXN currency pair in the Forex market, indicating that the MXN is a key component of the trade idea presented.

💡Fundamentals

In trading, 'fundamentals' refer to the underlying factors and qualitative or quantitative information about an economy, industry, or asset that can affect the supply and demand for the asset. The speaker emphasizes the importance of being fundamentally biased before entering a trade, using the MXN as an example to analyze retail sentiment, smart money index, and valuation models.

💡Retail Sentiment

Retail sentiment reflects the collective mood or opinion of retail traders in the market. The video discusses how retail traders are currently positioned in the market and how their sentiment can be used as a contrarian indicator. The speaker notes that when retail traders are extremely bearish, it might signal a potential rally, as seen in historical data.

💡Smart Money Index

The smart money index is a tool used to gauge the sentiment and positioning of professional or institutional traders in the market. In the video, the speaker uses this index to determine the extent of bearishness among retail traders compared to their historical behavior, aiming to trade in the opposite direction of the retail crowd.

💡Valuation Model

A valuation model is used to determine the fair value of an asset, such as a currency, by comparing it to other benchmarks or historical averages. The video mentions using a valuation model to assess whether the MXN is undervalued or overvalued against the US dollar. Being undervalued could suggest that the MXN is due for a price increase, which is part of the speaker's bullish argument.

💡Supply and Demand

Supply and demand is an economic principle that describes the relationship between the quantity of a resource available and the desire for that resource among consumers. In trading, this concept is used to identify price levels where there is a high likelihood of buying (demand) or selling (supply). The speaker discusses using supply and demand analysis to time the entry of the trade in the video.

💡Technical Analysis

Technical analysis involves studying past market data, primarily price and volume, to predict future price movements. The speaker plans to use technical analysis to time the market entry for the trade, looking for specific price levels and patterns that suggest potential reversals or continuations of trends.

💡Risk Management

Risk management in trading refers to the process of identifying, evaluating, and controlling risk to minimize potential losses. The speaker emphasizes the importance of proper risk and money management, reminding viewers not to bet their house on any single trade and to maintain a healthy risk-reward ratio.

💡Carry Trade

A carry trade is a strategy where an investor borrows money in a currency with a low-interest rate and invests it in a currency with a higher interest rate or higher-yielding assets. The speaker mentions that the trade idea could be considered a carry trade due to the positive swap (interest rate differential) in the MXN, allowing for potential passive income.

Highlights

Introduction to a big short trade idea potentially happening next week, with an emphasis on the need for an update video.

The importance of watching part one of the video series for context on the big short trade strategy.

Discussion of the Mexican peso (MXN) election cycle and the proposed trade of going long on futures or shorting the USD/MXN currency pair.

Explanation of the inverse relationship between the currency pair in the Forex market and the underlying Mexican peso futures.

Emphasis on the necessity of a fundamental bias before entering any trade, illustrated with past examples.

Analysis of retail cut data to determine market positioning and sentiment, highlighting the importance of understanding the extent of bearishness compared to historical behavior.

Introduction of the Campus Smart Money Index to measure retail investor positioning against historical extremes.

Observation that retail investors are currently at a six-month extreme of bearishness, suggesting a potential market rally.

Historical evidence presented to support the idea that rallies often follow retail investor extremes, with examples from past trades.

Use of a forecasting model to predict market movements and potential timing for the big short trade.

Discussion of the valuation model to determine if the Mexican peso is undervalued or overvalued against the US dollar.

Evidence that the Mexican peso is long-term undervalued, suggesting potential for a market rise.

Combination of fundamental analysis tools to confirm a bullish bias on the Mexican peso.

Transition to market timing using technical analysis, specifically supply and demand levels.

Consideration of the Mexican presidential elections as a factor in the trade idea and its timing.

Technical analysis of the unadjusted continuous chart versus the adjusted continuous chart for the Mexican peso futures.

Identification of key supply zones on the weekly and daily charts for precise entry points.

Explanation of the concept of 'catching a falling knife' in trading and the associated risks and rewards.

Importance of proper risk and money management when trading, with a reminder not to bet the house on any single trade.

Use of the snap mode in technical analysis for precise entry points on the Mexican peso weekly chart.

Discussion of the potential for a carry trade due to positive swap rates, allowing for longer hold times and passive income.

Target setting based on mechanical levels, with examples of one-to-one, two-to-one, and three-to-one targets.

Identification of a significant gap in the Mexican peso futures that is likely to be filled, providing a potential entry point.

Comparison of the Futures and Forex charts to illustrate differences and the importance of using both for confirmation.

Final strategy summary: waiting for the Futures to hit the preferred weekly demand level and then entering the Forex pair for the short trade.

Closing remarks on the importance of not treating any single trade as a special case and maintaining proper risk management practices.

Transcripts

ladies and gentlemen welcome back to my

big short trade idea and this big short

will most likely happen next week if

everything goes as per plan and that's

why an update video is needed an update

video from which video well let me show

you quickly again if you haven't if

you're not up to date if you didn't get

the mammo here my big short will happen

in two months here's my full trade

strategy and obviously I did this video

two months ago and this is part one and

um if you haven't watched part one then

it's obviously time to watch part one

first before we now dive into the real

trade idea to understand why we are or

why am I so bullish on the Mexican pzo

all right so it's the Mexican pzo

election cycle so we are planning to go

long the futures or in other words short

the USD Mexican pay so the currency pair

because the currency pair in the Forex

Market is the inverse pair of the

Futures but as always as you know me we

have to analy the underlying asset which

is the Mexican pay of Futures so that's

why here it's the inverse pair of the

currency pair in the Forex market so

here we need to go long in the Futures

market and short in the

Forex market so we're going to go

through now my two-step mechanical

process as you know we start with the

fundamentals because we have to be or we

have to get fundamentally biased to get

into any trade and you have seen that on

the USD Swiss frank you have seen that

on Silver and and on so many other

trades that I called for you guys here

on YouTube and

we going to look at the retail cut data

first and this is the raw data and we're

going to look into the index in a second

but we can see already here on the

obviously Mexican P weekly

chart that the

retailers are here right now and they're

compared to their previous Behavior

they're already getting very very

bearish again I want to stress this is

not sentiment this are these are three

positions in the market so they are

positioned short in the market so now

the question is now how bearish are they

compared to their previous behavior and

therefore I need to look at my index

because this is way more important just

to know okay they're bearish no I want

to know how bearish they are compared to

their previous behavior and you have

seen that on the on the silver chart on

the silver trade and on the USD swis

Frank trade how important this data is

because because we want to trade first

and foremost we always want to trade

against the retailers we don't want to

do what the retailers are doing and if I

look at here

my campus smart money index and I I put

in here the data how I can I can look at

the weeks the look back on the weeks

because here I I I entered 26 which

means basically I'm looking six month

back and want to see if they're in a six

Monon extreme and you see here they're

down here they're below the red line and

if they're below the red horizontal line

it means they're are in a six month

extreme so that's great so they are

already in six month extreme and the

last time there were in extreme you see

basically here we got a nice rally here

as well this you see we got a nice rally

here as well look at this here we got a

nice rally here as well look at that one

here they w't an extreme we got the nice

rally look at this here we got a nice

rally and by the way again

2020 look at this Corona and there were

super bearish and we got this nice rally

so we as we see as you can see once

they're in a six months extreme we might

get a nice rally although again it's not

a timing tool because timing we do with

the technicals in a second but I also

want to see hey we in a six month

extreme what about one year now let me

just quickly add one year just to see

we're also in a onee extreme you see we

are also now entering a one year extreme

on the Mexican pay that's great now I'm

going to look at two years and wow we

are getting even in a 2-year extreme so

you see here there were we were already

in a 2-year

extreme beginning of 2024 but before

that the last time we were in a 2-year

extreme was basically Corona and this

was when we got this massive massive

rally so that tells me quite a lot and

now I I look at three years because

that's the maximum if you're already you

see we are we are heading close to we

not yet in a three-year extreme it

doesn't matter but if you're also in a

three-year Extreme as you if as you have

seen on Silver well then you can expect

a monster move at some point of time

because here see Corona 3E extreme this

is when we get the bottom of all bottoms

here and also here we got a three-year

extreme just beginning or not beginning

actually um in October 2023 and this is

when we got that bottom but we are in a

we are in a six-month extreme we had a

onee extreme we on a 2year extreme so

that's all amazing this tells me the

retailers will be absolutely wrong so

now let's go back here in with uh in

let's go back here and look at the

six-month extreme so now retailers are

already heavily short which tells us hey

we have to be bullish on the Mexican P

but I have two more tools to look at to

get to get like my confirmation here and

we look first at our forecasting model

here and the forecasting model you see

here basically is telling us now

tomorrow is Monday the 10th so 10th here

you see here we might so go a little bit

up then maybe a little bit lower and the

bottom of all bottoms is around the 14th

obviously you cannot go exactly by the

date but you see here what is really

more important than in this particular

week you see here we going to make a

bottom and then we see based on our

forecasting model here we see a nice

Rally or rise in price actually you see

here

until

until until August mid of August you see

here basically two months of not

necessarily a rally because we're going

to see some tops and some bottoms here

as well but we going to make the Bottom

now around the 14 15 16s whatever the

date is but it's around that time frame

and then we see the ultimate High around

mid of mid of August here so the

forecasting model is in line with the

opposite of what the retailers are doing

so that's the second rule in place now

the third fundamental rule is our

valuation model

versus versus the the the US dollar

because here we are pairing Mexican peso

versus US dollar so obviously the

valuation versus the US dollar is really

important whether we are undervalued or

overvalued right so we have to be

obviously undervalued to go along the

Mexican peso and guess what here we're

looking here at long-term valuation I

can also by the way just to show you

here my length how many candles I can go

back here I can I can switch between

short-term valuation long-term valuation

obviously if we are long-term

undervalued we might be short-term

undervalued as well because after that

big big drop we are just undervalued

versus the US dollar just makes a lot of

sense but also here long term we are

undervalued and look at this what

happens again I want to show showcase

you what happens in terms of quick back

testing what happens if we are long-term

undervalued here versus the US dollar

look at this this is where we made this

huge huge this Wick where we Dro big but

then because we were long-term

undervalued we made a nice bottom and

then we just ried you see here long-term

undervalued here as well as well and

every time we are long-term undervalued

we are getting these here close to

long-term under valuation and we're

getting these nice moves and look at

this here as well close to long-term

under Valu we're getting that here we

are uh we are long-term undervalued

we're getting this nice rally and look

at this here we just touched long-term

undervaluation we get this nice rally

here we are long-term undervalued we are

getting

a nice rally here we are long-term

undervalued we're getting a nice ready

look at this long-term undervalued we

getting a nice rally oh and look at this

long-term undervalued we're getting this

nice rally and I could go on and on and

on and on so what this tells me is once

I'm long-term undervalued I might hit a

bottom so again I went through my three

fundamental tools to see if I'm getting

biased into that market and what we can

clear see is that hey retailers are

position short perfect we want to do the

opposite forecasting model is telling as

we might do make a bottom next week

perfect rule in place and on the last

tool our valuation model you see we

undervalued long-term even versus the

dollar and this also tells us we are

getting a bottom so three out of three

extremely biased so that's why my

fundamental rules are met so that's why

I can go into my step two which is

basically the market timing with

Technical and I'm going to use supply

and demand and by the way right we have

also president elections here or we had

president president elections and this

trade idea is also based on Mexican

president elections as you have seen in

episode one two months ago and now on

the Mexican page on the technical so

just quickly here I have you down here

to the right I have the the Forex pair

because obviously we're going to time it

on the inverse Forex pair but I want to

have I have here on the left side I have

here the unadjusted chart The unadjusted

Continuous chart at mp1 equal 103 xn

again I I've seen a lot of comments in

the previous on my previous video where

you are requesting I uh where you

requesting for me to do like a video um

on the unadjusted continuous chart so

it's on my agenda in the future 100% so

I will do some videos on that and here

to the right I have the adjusted

continuous chart at mp1 now first of all

you see and I highlighted that in my

first episode here we are basically

getting into that or into that level on

top of level here so the first one hit

you see here a couple of well weeks back

actually 2 months back and now we are we

are we are we are coming close to that

level on top of level to that dist level

here on the unadjusted chart which is

perfect here that's what I want to see

right and also you see how the chart

looks different how the chart looks just

different you see on the adjusted chart

here on the adjusted chart what is

really important to see is that this

level is basically the level on the

unadjusted chart that we already

penetrated that we hit and that we might

preach so here on the adjusted chart

that's the level that I'm looking for

now as well because we haven't hit that

level just yet all right so you see what

is really here important is that on both

charts the unadjusted chart we hit the

level and on the unjust on the on the

unadjusted chart here to the left and on

the adjusted chart we are going to hit

that weekly weekly Supply Z so be what

please bear with me because you see here

which is really important we are trying

here quote unquote we are trying to

catch a falling knife on the Mexican pzo

which is always is not easy so we are

again trying to time the bottom of all

bottoms and this requires a lot of skill

does this always work obviously not it's

not about always having

always uh winning all the time it's

about always risk reward ratio again I

want to stress not every trade can work

out as per plan so that's why we do have

to do proper money and proper risk

management all right so just to keep

this in mind that you don't bet your

house on any trade that I'm calling on

any on any trade in general now you see

here that's basically the level and you

see where we can enter this level is

basically now which looks the chart that

looks a little bit nicer for timing

purpose is here at

mp1 the adjusted chart because also here

you see the level is a little bit

smaller it's a little bit tighter and I

want to I want to time it here on the

weekly because again we want to have

like the daily covered by the weekly and

I can make here also a full screen and

show you that it's

quite difficult I want to First do snap

mode because snap mode is here really

important with the snap mode that I'm

really tight to the candle here exactly

that I have the precise entry here that

the line snaps basically to the the

bottom of that wig and to the basically

top of the body of the basing candles

that's my preferred version here on the

Mexican peso weekly Zone and if I go

quickly to a daily chart here what you

see here is basically you have a level

here that starts here so we are getting

a little bit deeper inside that area and

you have another level here so we have

that drop base rally followed by a rally

based rally so it's an overlapping level

on top of level what I'm just doing

basically here is combining both levels

trade the you see here get a little bit

deeper entry and use the whole weekly

chart for timing again we're trying to

catch a falling knife ladies and

gentlemen we you don't try to be like ex

exact precise sniper mode entry we give

price a little bit of leeway wiggle room

to move around and uh by the way this

trade is also what I would consider a

carry trade because you have positive

very big positive swap so we can stay in

this trade a little bit longer and we

can make passive income with like this

being a carry

trade now so so that's on the daily so

you see the daily is clearly covered by

the weekly super important again Big

Brother small brother technically is m

so this is what I need to see and now

well again you can do your you can do

your due diligence yourself with Target

setting because it's quite simple again

we we are very mechanical so one to one

2 to one 3 to one we can all add these

lines and you see here this is a one to

one 2 to one and U 3 to one here but

what I want to show you again I quickly

go to the Daily because this is where I

saw it so you see here this is that Gap

and I think this Gap I only I'm I'm sure

I'm only seeing that in the I'm not sure

100% so let me just quickly minimize

that I want to quickly I minimize this

one here as well just want to see

quickly on the USD Mexican

pzo here the Forex pair I'm just doing

like daily yes I don't see that gap on a

daily which is great

so I don't see that gap on the daily as

uh on the on the Forex pair again this

is stuff that's why Futures are so

important this is where you see details

that you will never see on the Forex

pair so this is very unsustainable so

this Gap this over night Gap will get

filled very very likely again nothing is

for certain it's not that something

happens all the time but again it's

about probability and if you look at

that chart you don't see any kind of

unfilled gaps and you see basically also

look at this here we had this Gap here

and look what happened it just filled

that gap on the Futures and then we

continued higher and what where I just

quickly saw that as well is somewhere

here look at this here also Gap we

filled that Gap precisely and we

continued higher whenever you see these

unsustainable gaps in the Futures

they're very very likely to get filled

right rather quickly now you have that

huge monster Gap and that's where I

would expect price now here on the

Futures go down here and then we you can

place a one to two target here for

instance right um um this is where I

would say okay once we fill that Gap

this is your first profit that you can

definitely take

now on the Forex

though on the for

Forex on the Forex let me put these

charts next to each other so again you

see the Futures is super clean the chart

looks super nice very easy easy quote

unquote easy to time because of the

level structures and you see now the

Forex the weekly Forex chart is the

inverse but here it looks even a little

bit different you see here on the Forex

the level that we are going at I do like

the Futures again on the week weekly

chart to just compare it for

you that's the level you see on the

Forex we are going through that level

you we we preached that level already

almost already so we going through that

level in the future we haven't even

reached that level which is you see this

the power of future so that's the level

that we want to go that we want to trade

the Forex the level just didn't work

right if you just Ed that level based on

supply and demand and that's also

teaching Point here if you if you trade

at that level based on supply and demand

relationship just because it's a high

quality level by itself but a level by

itself doesn't mean anything if it's

not backed by fundamental tools and not

backed by by by by the Futures chart so

that's why the level just and you might

wonder why did this level why did this

level not work it meets all the rules

it's a high quality Supply son but guess

what guess what fundamental it's not

backed and also it's not backed by the

Futures and and and

now you see the level here it's

basically this one the big one but we're

going to go down to the

Daily because on the weekly on the

Futures it look looks just much better

so it's

basically here the

level right it's basically here so for

me for me it's clear here

what I'm going to do so I'm waiting for

the

Futures I'm waiting for the Futures to

hit that level I'm waiting for the

Futures to hit that

level and

uh then I'm willing to

also enter the Forex pair but only once

I basically here enter into the

preferred version this could be even you

see here l little bit deeper I guess

here because it's hard just to because

it's the opposite it looks different so

most likely it's closer to this one here

so now not to be covered by my webcam

here

so that's the short here that we want to

take order the long in the Futures so

ideal scenario is we wait for the

Futures to get into that preferred

weekly demand and then the Forex has to

be in that or it will be at the same

time in that daily level on top of level

Supply and then we can short this pair

or in the Futures go long this pair all

right ladies and gentlemen that's the

Mexican pzo fingers crossed that we are

getting filled and fingers crossed that

it's going in our way again don't bet

your house on it it's just another trade

it's just another trade in your trading

career nothing special about that do

proper risk management do proper money

management and let's see if this is

going to work out fingers crossed good

luck and talk to you soon