All language subtitles for 1. The Summary of first half of the course

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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 0 1 00:00:06,970 --> 00:00:11,920 Hello, traders, and welcome to Section 5 in this course. Guys, I'm confident that you have enjoyed 1 2 00:00:11,920 --> 00:00:13,790 the first half of this course so far. 2 3 00:00:14,200 --> 00:00:19,690 Before I start explaining the final key technical indicator in this strategy, I want to revisit what 3 4 00:00:19,690 --> 00:00:20,700 we've learned so far. 4 5 00:00:23,180 --> 00:00:28,580 So the first major form of technical analysis that I've told you in this course is major support and 5 6 00:00:28,580 --> 00:00:30,320 resistance levels where you studied: 6 7 00:00:31,280 --> 00:00:37,430 How to plot multi-year support and resistance levels on your monthly and weekly charts. 2 How to convert 7 8 00:00:37,430 --> 00:00:42,500 these levels into zones to analyze present price action in-depth on daily and 4-hour chart. 8 9 00:00:43,100 --> 00:00:49,730 And finally, using these in-depth analysis, how to identify sideways price activity or 9 10 00:00:49,730 --> 00:00:50,120 price consolidation phase. 10 11 00:00:51,980 --> 00:00:57,260 In addition, by answering these three questions, you are able to identify a possible buy or sell set-up 11 12 00:00:57,260 --> 00:01:00,520 which will be available on any pair in the near future. 12 13 00:01:02,080 --> 00:01:07,840 Moving on, I explain the second key element of this strategy in the form of major candlestick patterns 13 14 00:01:07,840 --> 00:01:08,740 where you studied: 14 15 00:01:09,790 --> 00:01:15,280 Ten very important candlestick patterns and how they become an integral part of the support and resistance 15 16 00:01:15,280 --> 00:01:20,920 trading strategy, using the guidelines mentioned for each candlestick patterns or formations, you 16 17 00:01:20,920 --> 00:01:25,740 learned how their appearance on a trading chart becomes extremely important in our analysis. 17 18 00:01:27,240 --> 00:01:32,280 Finally, you studied how these patterns are often linked to high profitability trades once they combine 18 19 00:01:32,280 --> 00:01:35,850 with key resistance and support zones on daily and 4-hour charts. 19 20 00:01:37,110 --> 00:01:41,730 Therefore guys, these candlestick patterns when combined with key support and resistance zones, are 20 21 00:01:41,730 --> 00:01:48,180 able to present trading opportunities in real-time guys. Any trading strategy is incomplete without 21 22 00:01:48,180 --> 00:01:51,720 the confirmation of every buy and sell position that you're going to take. 22 23 00:01:52,040 --> 00:01:56,880 After all, it is our hard earned money and we will only succeed if we invest smartly. 23 24 00:01:57,420 --> 00:02:02,400 While support and resistance zones identify the possible set ups, which any trading instrument will 24 25 00:02:02,400 --> 00:02:08,250 offer and appearance of one of the candlestick patterns alert you as a retail trader when that setup 25 26 00:02:08,250 --> 00:02:09,600 occurs in the real time. 26 27 00:02:10,290 --> 00:02:16,110 And finally, volumes or trading volumes, which is the final leading indicator in this strategy linked 27 28 00:02:16,110 --> 00:02:21,360 to that candlestick pattern, provides the final confirmation to your analysis and what will happen 28 29 00:02:21,360 --> 00:02:22,040 in the future. 29 30 00:02:26,280 --> 00:02:32,100 Guys, this also concludes the quick recap of the course so far, and I will see you in the next lecture where 30 31 00:02:32,220 --> 00:02:36,690 we start trading volumes and their importance in a freely traded market. 3728

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