In essence, during a buy programme (which unfortunately we didn't see the whole of this year in the euro due to interest rate differentials and inflation), we expect market to be Bullish. What the large speculators will do logically in a bull market or buy program as MJH calls it is to flood the market place with buy orders making the overall open interest Bullish net. But the commercials would rather flood the market place with sell orders during the buy program. Anytime the market rallies higher, they wait on a retracement to sell (counter trend). They continue doing this until the commercials and large specs reach a diametrically opposed point. At the other end of the curve, which is a sell program, they begin to decrease shorts used in hedging and start to increase long positions into the sell program

Now this shorts being injected in the buy program begins to offset the risk of the longs being initiated with the sell program. They do to neutralize of offset the risk of their hedge.

YOU MAY ASK HOW THIS RELATES TO TRADING... Well we'll visit one more concept called the seasonal tendency before I even proceed to answer the chart aspect

Here we go... If you ever bumped on an ict 2016/2017 lecture of WENT series then you should have a fair idea. Seasonality is just the tendency of a currency, a metal or any asset class that has got a futures contract to make a low or high at some point within its existence. From the front month down to the period of maturity. By saying any asset class it's obvious. We've got a lot I'll mention some weird ones like the lean hog, cattle, rough rice, canola, ethanol, pork cutout, live cattle, feeder cattle, and steel scrap amongst others.

Let's shift our focus back to the EURO FX...

Here's a sample seasonal chart for the euro. Here, we've got the tendency for the euro to make a seasonal low during autum... September to November; with respect to the footprint the euro leaves as collected 1998 through to 2019..that much worth of data

Revisiting the COT data real quick, we can see a sharp decline in open interest giving a clue that there's a lessening of longs as the commercials get ready to start pumping in some shorts to pair up the longs during the sell program. This is influencial folks. Next we take a closer look at the "zero line"

Observe how they work around that zero line during a period where we anticipate a reversal. Folks that's a sign of an accumulation and also on the EURUSD chart a currency pair, we've seen the first sign of the Algorithm in the form of a momentous rejection away from the discount array

All lining up to support the idea

HERE'S JUST A LITTLE JUICE ABOUT IT FAM. THE REST TO BE SHARED IN THE MENTORSHIP

day 3 in blues 🏌🏿‍♂️

mentorship 3.0 to wrap up the year ?

as planned

the fall of c300 would be very very massive .... this pair is my assignment for the new month 😂

study

baby obeying daddy 🏌🏿‍♂️

can i say i saw the future before the future arrived ?🏌🏿‍♂️

Can I also say , I saw the future before it happened ? 🏌‍♂ Approaching take profit ... Remember , this is weekly time frame

Pay attention to major and minor market structure !
There's hidden treasure of knowledge init 🏌‍♂