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Welcome to the AM briefing video presented by, where together we trade better. Good morning, traders! This one’s called “Monkey Business.” It’s FOMC—if that’s not monkey business, I don’t know what is.

Alright, let’s look at today’s scripture. Boy, does the picture in the scripture match today! “The wise are cautious and avoid danger; fools plunge ahead with reckless confidence.” And there’s someone driving off the cliff, they’re just like, “Screw it, I’m going for it—it’s FOMC, let’s do it.” So, I encourage you to be really careful today, and we’ll talk about that here in a second.

So, let’s get into it. The first thing on the AM briefing is about last night’s video, so let me switch over here to last night’s video and let me scrub back here a little bit to the beginning. Here, 8 seconds in, I am illustrating with those white arrows what I believe price is going to do and why we need to be short if certain things happen, and we participated in that short and did very well. One of my traders had a 30-point win and did fantastic. Now, if we’d stayed behind two break levels, members, it could have been an 85-pointer by the end of the day, and that’s one of the things I talk about—if you want more than 30 or 40 points, you typically have to be behind two break levels.

A little bit later in the video, as I illustrated there in purple, I illustrated two possibilities here: that we were either going to bounce and ladder up to there or we were going to go to the next level, which is actually what happened, and we went to the next level. So, that’s one of the benefits of being in a trading group where we’re all trading the same chart, looking for the same trades, and we have the same methodology, as we can look out for each other and help each other. For example, one of my traders was in a long yesterday early on, and he said, “Hey, I’m going to my target is this,” and I said, “Well, I believe the target should be that, and here’s the reasons why.” He adjusted his target and added a significant amount of money to his daily winnings, so that is always fun when together we trade better. Alright, let’s bring this back up.

So that was last night’s video. Go watch that if you want, and you can see that in live action. So where are we? Well, it’s FOMC level shambles; it doesn’t really matter where we’re at, they’re going to wreck the chart this afternoon—it’s going to be monkey business. So just because you have a level on your chart, it means nothing. If anything, you want to be on a 15-minute or 30-minute chart today, in my opinion, and just sit back and watch the fireworks.

And in my opinion, so the tip is, can you walk today, Thursday, the day before non-farm payroll and non-farm payroll are perfect days to not trade. Now today is tradable, but tomorrow gets ridiculous, Friday gets ridiculous, and so I encourage you to be very, very, very cautious.

So what are the news drivers today? Well, FOMC this afternoon. By the way, members, we will be live this morning and we will be live this afternoon for the FM announcement, just to watch the fireworks because that is always fun, and it’s always “wow, wow, wow.” So we will be live both today, and if you’re not a member and you get a Zoom pass, and you want to be part of today, you certainly can be part of both streaming sessions.

What happened overnight? It doesn’t matter, it’s FOMC. You just stay out of the way. What about the leverage metrics? What’s the maximum number of points you have on your leverage metrics? I have 10 points on mine, like the max number is 10 points with one contract. So today, if you’re going to trade, perhaps you use the smallest contract. If it says you can do up to 10, let’s just do 10 contracts, 10 micros. That’s up to you. You can do one with the goal of, okay, if it goes into the profit and I get a new level, I can add to my trade. I’m going with level development; you can just trade one.

So what’s the max stop loss? 10 points on mine, and what’s the minimum contracts? One. That might be a good place to start for today. So yesterday, we finally lost this level, and that’s what we were watching on the YouTube video. We were waiting for that to happen, and all the signs that I was describing to the members of why we were going to, if we take that out, where we’re going to go. I don’t know. We’re going to take it out. I can only talk in probabilities, and that’s what trading is; it’s probability-based, and then you make the best decision based upon the information available to you.

And then where did we go? We came down here to this bull-bear zone that we talked about just a couple of days ago. I never moved my bull-bear zone. I still kept it there, and it’s beneath it once again. We went from a strong level down to a strong level, and here we are, camping out. We have these three daily lows here, and this overnight low, which would certainly be an amazing target. I would be very interested in the bottom of this zone here. So we will see what that looks like. Let’s go check out all the indices. Where are we? Well, if I look at yesterday’s low and line up yesterday’s low, we are all under yesterday’s low. So are we all on the same train? Choo-choo. We appear to be on the same train. So what’s today’s game plan? Small, if at all.

So here’s the entire chart on a 1-hour chart. It’s a very appropriate place to be at this moment and being aware of these session highs and lows, being aware of the strong levels and ranges. So if you’re not a member of my group, you can kind of see where those are, and if you are a member of my group, make sure you have your strong ranges indicator turned on to help us in our trading. I hope you stay safe today. We will be live in the group here soon. Have a delightful day, and may price always bounce your direction. Alright, see you.