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These are the user uploaded subtitles that are being translated: 1 00:00:04,668 --> 00:00:11,608 Oh no it's fine okay alright it's good that's good okay 2 00:00:11,608 --> 00:00:14,728 candle trends candle trends are mostly noticeable in trending 3 00:00:14,728 --> 00:00:18,448 markets it's obviously right whenever you're looking at the 4 00:00:18,448 --> 00:00:23,048 charts you're only looking at to see that okay is the market 5 00:00:23,048 --> 00:00:26,888 trending or not so candle trends are most noticeable in a 6 00:00:26,888 --> 00:00:32,828 trending market what this basically means is that a 7 00:00:32,828 --> 00:00:36,988 candle trend will either start from a support or resistance 8 00:00:36,988 --> 00:00:39,428 you know either candles are going to start moving bullish 9 00:00:39,428 --> 00:00:43,268 from supports or they'll start moving bearish from resistances 10 00:00:43,268 --> 00:00:47,908 best form of confirmation is on the 30 -minute and higher time 11 00:00:47,908 --> 00:00:51,868 frames guys tattoo this on your hand forehead write it down a 12 00:00:51,868 --> 00:00:54,988 sticky note paste it on the computer or whatever but the 13 00:00:54,988 --> 00:00:59,628 best form of confirmation is on the 30 -minute time frames and 14 00:00:59,628 --> 00:01:04,248 higher you know if the trend is bearish or there is a 15 00:01:04,248 --> 00:01:07,888 confirmation at retest, candles will make lower lows and lower 16 00:01:07,888 --> 00:01:11,968 highs. You know, whenever price reaches a resistance and you 17 00:01:11,968 --> 00:01:14,808 have a candle closing bearish, there's a very high chance 18 00:01:14,808 --> 00:01:17,728 candles will make lower lows and lower highs. In the same 19 00:01:17,728 --> 00:01:20,448 way, if the trend is bullish or there's a confirmation at 20 00:01:20,448 --> 00:01:24,368 support, candles will make higher highs and higher lows. 21 00:01:24,368 --> 00:01:29,248 This is extremely important concept. Extremely, extremely 22 00:01:29,248 --> 00:01:34,368 important concept. Right? So candle trends. Every trade 23 00:01:34,368 --> 00:01:38,408 every trade from here on that you will focus on is going to 24 00:01:38,408 --> 00:01:42,208 be based on a trending candles. You know when candles are 25 00:01:42,208 --> 00:01:45,368 making high highs and higher lows or when candles are making 26 00:01:45,368 --> 00:01:48,568 lower highs and lower lows. There will be no instant where 27 00:01:48,568 --> 00:01:51,688 you will be taking a trade when candles are consolidating. You 28 00:01:51,688 --> 00:01:53,608 know it just makes no sense because we're here to make 29 00:01:53,608 --> 00:01:56,528 money and for you to put yourself in the best position 30 00:01:56,528 --> 00:02:01,948 to make money or win trades is to focus on candles this is 31 00:02:01,948 --> 00:02:07,268 really important so this is an example of a trending candle 32 00:02:07,268 --> 00:02:10,348 right you have bearish candle let's say it's that resistance 33 00:02:10,348 --> 00:02:12,828 and now you want the next one to make a lower high and a 34 00:02:12,828 --> 00:02:16,468 lower low so this is your trading candle right some 35 00:02:16,468 --> 00:02:19,548 people say that hey we're going to wait for this 36 00:02:19,548 --> 00:02:23,508 confirmation man this is your confirmation right here this 37 00:02:23,508 --> 00:02:27,388 candle closing is your confirmation right here this if 38 00:02:27,388 --> 00:02:29,868 this is on a 30 -minute or a one hour time frame this is 39 00:02:29,868 --> 00:02:33,848 your saying that there's a very high chance for a next candle 40 00:02:33,848 --> 00:02:37,488 to continue moving bearish right in the same way when 41 00:02:37,488 --> 00:02:40,488 we're talking about bullish candles this is what we're 42 00:02:40,488 --> 00:02:43,768 talking about right here now when candles is closing bullish 43 00:02:43,768 --> 00:02:47,288 this is maybe maybe let's say this is your support after like 44 00:02:47,288 --> 00:02:50,768 a bearish candle this is your confirmation now this means if 45 00:02:50,768 --> 00:02:53,808 this happens on the 30-minute or the 1 hour you know that 46 00:02:53,808 --> 00:02:56,328 there's a very high chance that the next candle is going to go 47 00:02:56,328 --> 00:03:01,108 bullish and that will be your trading candle right? That will 48 00:03:01,108 --> 00:03:05,268 be your trading candle. Um for candles not to trend, we look 49 00:03:05,268 --> 00:03:08,428 at something like this. If you see that this candle is 50 00:03:08,428 --> 00:03:12,348 bearish, you want the next candle to also go bearish, 51 00:03:12,348 --> 00:03:15,788 right? But let's say if you put your stop up over here, next 52 00:03:15,788 --> 00:03:19,708 candle goes bullish, it stops you out. Oh well, that's okay 53 00:03:19,708 --> 00:03:24,468 because you managed your risk. You know, this is why having a 54 00:03:24,468 --> 00:03:28,108 stop loss is really really really important. If you don't 55 00:03:28,108 --> 00:03:31,708 use stop losses and if you let trades run, man, they will go 56 00:03:31,708 --> 00:03:35,548 in a down and you will not feel good. Trust me on that. I've 57 00:03:35,548 --> 00:03:38,508 been there and it's not a good feeling at all. In the same way 58 00:03:38,508 --> 00:03:42,548 when we're looking at candles going bullish you want the next 59 00:03:42,548 --> 00:03:46,868 candle to form a higher high and a higher low. But sometimes 60 00:03:46,868 --> 00:03:49,548 the probability is not in your favourite and that's totally 61 00:03:49,548 --> 00:03:52,468 okay. You know sometimes you know guys take it very very 62 00:03:52,468 --> 00:03:55,468 personal. They're like hey man I had a buy and I expected 63 00:03:55,468 --> 00:03:58,028 candle to make a higher highs and higher lows and how come 64 00:03:58,028 --> 00:04:02,208 it's it it when bear should stalk me out. It is what it is. 65 00:04:02,208 --> 00:04:04,728 You know, it's it's a probability game. You know, 66 00:04:04,728 --> 00:04:06,728 there's a very high probability, price will 67 00:04:06,728 --> 00:04:09,968 continue moving bullish and there's a low probability, 68 00:04:09,968 --> 00:04:13,048 price will go bearish and sometimes you're going to be at 69 00:04:13,048 --> 00:04:16,368 the end of the low probability stick. You know, you might get, 70 00:04:16,368 --> 00:04:20,648 you will get stopped out and and that's going to happen less 71 00:04:20,648 --> 00:04:23,688 of the time, less time. You will get stopped out. You know, 72 00:04:23,688 --> 00:04:27,488 so the only thing we control at that point is your risk. Like, 73 00:04:27,488 --> 00:04:35,868 what sort of a risk are you using today? Um so let's 74 00:04:35,868 --> 00:04:40,988 continue on over here and oh so when candles are trending this 75 00:04:40,988 --> 00:04:46,308 is like take a picture of this write it down somewhere this is 76 00:04:46,308 --> 00:04:48,908 really really this is simple concept which is really 77 00:04:48,908 --> 00:04:52,548 important when candles are trending they must respect the 78 00:04:52,548 --> 00:04:56,588 highs in a bearish trend they must respect the lows in a 79 00:04:56,588 --> 00:04:59,948 bullish trend and what I mean by this is the candles 80 00:04:59,948 --> 00:05:05,048 themselves they should respect the highs and the lows I have a 81 00:05:05,048 --> 00:05:08,048 question here. What if you get a bullish candle, bullish 82 00:05:08,048 --> 00:05:13,008 candle closed at support, okay? But the four hour is bearish 83 00:05:13,008 --> 00:05:16,688 and the daily is bearish, do you still take the trade? No, 84 00:05:16,688 --> 00:05:20,448 you look for what the lower time frame candle saying. If 85 00:05:20,448 --> 00:05:24,208 the four hour candle is closing at support, you can't take a 86 00:05:24,208 --> 00:05:28,328 sell because it's at support. You can't take a buy because 87 00:05:28,328 --> 00:05:32,568 candle is bearish. Make sense? You either want that support to 88 00:05:32,568 --> 00:05:35,448 be broken and make a low and then take a trade or you want, 89 00:05:35,448 --> 00:05:39,828 yeah, so we're going to go over those examples here now. Man, 90 00:05:39,828 --> 00:05:43,588 you guys need to relax with the questions. 91 00:05:44,168 --> 00:05:48,508 I'm pretty sure I'm pretty sure some questions you had which I 92 00:05:48,508 --> 00:05:51,948 didn't answer they were answered in the last slides you 93 00:05:51,948 --> 00:05:54,548 know so so we're going to so we're going to answer 94 00:05:54,548 --> 00:06:02,788 everything man don't worry don't worry alright awesome so 95 00:06:02,788 --> 00:06:06,968 every chart that we're going to look at here is either going to 96 00:06:06,968 --> 00:06:12,008 be a a a four hour chart or it's going to be a one hour 97 00:06:12,008 --> 00:06:14,288 chart. Right? So the confirmations are going to be 98 00:06:14,288 --> 00:06:18,768 based on the four hour or the one hour chart. So basically 99 00:06:18,768 --> 00:06:22,528 what's happening right now here. Right? First of all what 100 00:06:22,528 --> 00:06:31,808 we see is that trend is bearish right trend is bearish but at 101 00:06:31,808 --> 00:06:37,728 the same time we are creating some sort of a support down 102 00:06:37,728 --> 00:06:42,608 here and it looks like we have a bullish candle so it may be 103 00:06:42,608 --> 00:06:49,848 forming another support right over here right now I want some 104 00:06:49,848 --> 00:06:54,608 some I want some interaction here. Now when we're looking at 105 00:06:54,608 --> 00:07:00,248 these candles is this is this a good time to buy right now? 106 00:07:01,388 --> 00:07:06,648 People are saying no okay the stock is going to be too big 107 00:07:06,648 --> 00:07:09,928 this is this is not a good time to buy right now but if because 108 00:07:09,928 --> 00:07:14,128 the only reason is that price is moving bullish we need price 109 00:07:14,128 --> 00:07:19,208 is moving let's see here so basically what's happening is 110 00:07:19,208 --> 00:07:27,928 price is moving like this you need a retracement to happen 111 00:07:27,928 --> 00:07:32,688 right over here so you can take a buy and then price can go up 112 00:07:32,688 --> 00:07:36,008 you know but the important thing is that there is clean 113 00:07:36,008 --> 00:07:39,848 traffic to the left you see this candle closed above these 114 00:07:39,848 --> 00:07:43,888 candles and you have clean traffic till over here so maybe 115 00:07:43,888 --> 00:07:47,328 this is going to be an area where price might head off to 116 00:07:47,328 --> 00:07:50,368 you know if it was to go up so so let's see if we get some 117 00:07:50,368 --> 00:07:54,488 confirmations here we have a candle closing like a small 118 00:07:54,488 --> 00:07:57,888 bullish candle like this right let's see what the next candle 119 00:07:57,888 --> 00:08:02,008 does next candles closing like a like a bearish candle like 120 00:08:02,008 --> 00:08:04,608 this there's still there's still no trade there's no 121 00:08:04,608 --> 00:08:09,608 confirmation and now we have a candle closing like this right 122 00:08:09,608 --> 00:08:14,888 So, would this be a good position to take a buy? 123 00:08:16,048 --> 00:08:22,268 And and even if someone someone would say okay the range is 124 00:08:22,268 --> 00:08:26,428 small some people would say I might take a buy but but but 125 00:08:26,428 --> 00:08:30,148 the range is small so let's talk about biases right what's 126 00:08:30,148 --> 00:08:34,348 what's the probability that price is going to go up rather 127 00:08:34,348 --> 00:08:37,228 than down you know the probability is really really 128 00:08:37,228 --> 00:08:40,428 high the price is going to go up you know so so when you're 129 00:08:40,428 --> 00:08:44,788 starting as a new trader right you're you're basically paper 130 00:08:44,788 --> 00:08:47,508 trading right you're just looking to see that okay what's 131 00:08:47,508 --> 00:08:50,588 the probability of price going up or down so this is when 132 00:08:50,588 --> 00:08:55,188 someone said that hey the higher time frame is bearish 133 00:08:55,188 --> 00:08:58,668 coming down but the lower time frame is telling us that 134 00:08:58,668 --> 00:09:02,348 there's an opportunity for price to continue going up so 135 00:09:02,348 --> 00:09:06,308 so so this is what we're saying someone said there's a 63. 756% 136 00:09:06,308 --> 00:09:09,708 chance price to go up you know so that's pretty good now the 137 00:09:09,708 --> 00:09:13,828 bias is bullish right even though someone's taking trades 138 00:09:13,828 --> 00:09:17,308 someone's not taking trades someone is just anticipating 139 00:09:17,308 --> 00:09:23,808 honestly when there's the when we have the New York sessions 140 00:09:23,808 --> 00:09:27,608 more than half of the time I'm just anticipating trades. I'm 141 00:09:27,608 --> 00:09:30,608 anticipating that price is going to move a certain way. 142 00:09:30,608 --> 00:09:33,328 Right? So let's see what happens here. So so if let's 143 00:09:33,328 --> 00:09:36,328 say you're taking a trade or you're anticipating a trade 144 00:09:36,328 --> 00:09:39,288 it's very clear since what we've learned so far that a 145 00:09:39,288 --> 00:09:42,608 stop is going to be down over here. Right so let's see what 146 00:09:42,608 --> 00:09:48,528 happens here. Um next candle goes up. Perfect. You know the 147 00:09:48,528 --> 00:09:51,848 the bias was right. We waited for these candles to close and 148 00:09:51,848 --> 00:09:55,948 price went up. So now if we had our stop loss down over here. 149 00:09:55,948 --> 00:10:01,088 Now we're moving a stop up over here. Right and then we look 150 00:10:01,088 --> 00:10:06,728 next and then we have a bearish candle forming like this right 151 00:10:06,728 --> 00:10:09,408 we have a bearish candle forming like this with no wick 152 00:10:09,408 --> 00:10:13,848 at the bottom so when a candle is closing bearish with no wick 153 00:10:13,848 --> 00:10:17,288 at the bottom this means there's no range for the next 154 00:10:17,288 --> 00:10:21,928 candle to go down right and it also doesn't it also seem like 155 00:10:21,928 --> 00:10:25,648 that is doing some sort of a some sort of a retest here in 156 00:10:25,648 --> 00:10:29,288 this zone right like it's not exact zone but it's like a 157 00:10:29,288 --> 00:10:33,828 ballpark zone there so see what happens next here that 158 00:10:33,828 --> 00:10:38,828 continues to go up and you know it just starts ranging then. 159 00:10:38,828 --> 00:10:42,388 You know so maybe this move up was market open. This was 160 00:10:42,388 --> 00:10:47,188 volume push and then market start to range. You see how you 161 00:10:47,188 --> 00:10:51,068 had volume, volume, then range then volume then kind of like 162 00:10:51,068 --> 00:10:54,588 range here then volume and range. This is how price moves. 163 00:10:54,588 --> 00:10:58,348 Price will move with with volume and then there's 164 00:10:58,348 --> 00:11:01,068 going to be some sort of a range. When there whenever 165 00:11:01,068 --> 00:11:04,708 there's a range you will see some sort of confirmation 166 00:11:04,708 --> 00:11:08,588 within that range that okay we might start moving up now. So 167 00:11:08,588 --> 00:11:12,948 when price was when price was ranging over here this was your 168 00:11:12,948 --> 00:11:16,628 confirmation that okay we might move start moving up some took 169 00:11:16,628 --> 00:11:21,108 the trade some took a some took a paper trade some waited why 170 00:11:21,108 --> 00:11:25,148 did the top of the wicks not put you off please oh we didn't 171 00:11:25,148 --> 00:11:28,348 take a trade this was just anticipating every example that 172 00:11:28,348 --> 00:11:31,988 we're going to do here we're just anticipating trades right 173 00:11:31,988 --> 00:11:36,868 step one to being profitable is to anticipate trades when you 174 00:11:36,868 --> 00:11:41,328 can trades long enough then you start executing on those trades 175 00:11:41,328 --> 00:11:46,368 because your confidence is up because now so for example I've 176 00:11:46,368 --> 00:11:50,008 been looking at US 30 for about a month month now right I've 177 00:11:50,008 --> 00:11:53,288 been anticipating moves on US 30 and I think from June I'm 178 00:11:53,288 --> 00:11:56,368 going to start executing on on US 30 so you know that's 179 00:11:56,368 --> 00:12:01,688 important why isn't first pull back after bottom of page a 180 00:12:01,688 --> 00:12:08,788 retest what why isn't first pull back after bottom of page 181 00:12:08,788 --> 00:12:13,188 a retest I don't understand I understand what that question 182 00:12:13,188 --> 00:12:17,748 means so maybe this was a retest here like we just 183 00:12:17,748 --> 00:12:22,548 anticipating trades we just anticipating so just to keep it 184 00:12:22,548 --> 00:12:25,948 simple we're just seeing if price is going to go up or down 185 00:12:25,948 --> 00:12:30,828 just so that we know if we are right or wrong alright let's go 186 00:12:30,828 --> 00:12:36,568 to an example here okay so what's happening at this point 187 00:12:36,568 --> 00:12:39,728 What's the number one thing we see? We see we see prices 188 00:12:39,728 --> 00:12:46,008 ranging. Someone said dog **** that's that's also good. Um but 189 00:12:46,008 --> 00:12:53,648 first of all what we see is this candle. Then we see this 190 00:12:53,648 --> 00:12:58,368 candle and then we see this candle. Right? So looking at 191 00:12:58,368 --> 00:13:02,648 these three candles can't we see that a support has been 192 00:13:02,648 --> 00:13:05,688 formed? Yeah support has been formed right? So we have a 193 00:13:05,688 --> 00:13:09,888 support form right over here. Support formed and then we have 194 00:13:09,888 --> 00:13:13,568 some sort of a resistance forming over here too. So at 195 00:13:13,568 --> 00:13:17,008 this point we cannot take a trade because I mean it's just 196 00:13:17,008 --> 00:13:19,528 very hard to take a trade you know because we are in a small 197 00:13:19,528 --> 00:13:23,088 range. But also it's rejecting down here so we need some 198 00:13:23,088 --> 00:13:26,608 confirmations. Now we have a candle going up into this 199 00:13:26,608 --> 00:13:30,488 level. It's at a minor resistance. We can't take a buy 200 00:13:30,488 --> 00:13:33,648 because it's at a minor resistance. We can't take a 201 00:13:33,648 --> 00:13:38,988 sell because candle is bullish. Right? So now we have another 202 00:13:38,988 --> 00:13:41,708 candle looking like this and now we have another candle 203 00:13:41,708 --> 00:13:45,668 looking like this and then we have a candle closing above 204 00:13:45,668 --> 00:13:52,388 this area right so let's say for example for example now we 205 00:13:52,388 --> 00:13:59,308 have this range here let's say this range was 50 pips would 206 00:13:59,308 --> 00:14:05,048 this be a good opportunity take a buy Someone said hell yeah. 207 00:14:05,048 --> 00:14:11,168 You know but but if this if this range was 20 pips then it 208 00:14:11,168 --> 00:14:14,248 would be very difficult to take a buy because someone would say 209 00:14:14,248 --> 00:14:17,208 okay hey since we don't have prices to the left so we don't 210 00:14:17,208 --> 00:14:20,048 know we don't know how big the range is but hypothetically 211 00:14:20,048 --> 00:14:23,728 speaking if this was a small range we would anticipate price 212 00:14:23,728 --> 00:14:27,888 going up but we wouldn't take a buy. If this was a bigger range 213 00:14:27,888 --> 00:14:31,688 a fifty pip range then someone could say okay well you know we 214 00:14:31,688 --> 00:14:35,468 are this was a minor resistance price respected here price 215 00:14:35,468 --> 00:14:40,268 rejected rejected this this candle closed above all the 216 00:14:40,268 --> 00:14:44,588 candles to the left and we have ample range over here so this 217 00:14:44,588 --> 00:14:48,988 could be a better opportunity take a buy yeah so if this was 218 00:14:48,988 --> 00:14:53,068 a bigger range what time is it we don't know what time is it 219 00:14:53,068 --> 00:14:56,628 so so every example which we're going to look at here it's 220 00:14:56,628 --> 00:15:00,228 going to be a time when there's volume in the market right it 221 00:15:00,228 --> 00:15:03,528 could be New York open London open, Asian open. This is 222 00:15:03,528 --> 00:15:06,208 going to be volume in the market. Right? So let's see 223 00:15:06,208 --> 00:15:09,408 here. So yeah perfect. Next candle went up. This was 224 00:15:09,408 --> 00:15:11,968 perfect because this candle closed above the highs and you 225 00:15:11,968 --> 00:15:16,888 know if you had a if you had a stop so so far by now I expect 226 00:15:16,888 --> 00:15:21,048 everybody to know where your stop loss is going to be. It's 227 00:15:21,048 --> 00:15:24,208 going to if you're looking for buys it's going to be be below 228 00:15:24,208 --> 00:15:28,888 a bullish candle. One what some people do is they put the stop 229 00:15:28,888 --> 00:15:32,788 right at the wick. That's wrong. The reason why it's 230 00:15:32,788 --> 00:15:36,588 wrong is because the spread can take you out if price comes 231 00:15:36,588 --> 00:15:39,388 down the spread can take you out so always have it a couple 232 00:15:39,388 --> 00:15:46,268 pips below the candle yes so let's see what happens to the 233 00:15:46,268 --> 00:15:50,948 next candle here and oh yeah next continues to move up so if 234 00:15:50,948 --> 00:15:56,028 you are trailing your stops right let's say you had to stop 235 00:15:56,028 --> 00:15:59,268 down over here then you move your stop below the low of the 236 00:15:59,268 --> 00:16:02,068 candle because you know you're a smart trader and you're 237 00:16:02,068 --> 00:16:04,588 you're trailing your stops below the lows of the candles 238 00:16:04,588 --> 00:16:08,108 if you're in bias and then since you're doing that the 239 00:16:08,108 --> 00:16:11,388 next candle just shoots up and you're like oh perfect I had a 240 00:16:11,388 --> 00:16:16,988 nice trade here which broke a dynamic entry possibly at 241 00:16:16,988 --> 00:16:21,708 bottom of range may be advanced entry yes so far if you are new 242 00:16:21,708 --> 00:16:26,148 I don't expect you guys to use use ah dynamic trades dynamic 243 00:16:26,148 --> 00:16:30,628 risk none of that I expect everyone to use ah simple 244 00:16:30,628 --> 00:16:35,068 simple basic ah simple basic static risk ah Krish Krish said 245 00:16:35,068 --> 00:16:38,068 the right thing let the runner run perfect you know so you put 246 00:16:38,068 --> 00:16:43,768 stops at break even once price came up here you took profits 247 00:16:43,768 --> 00:16:47,688 it's at resistance. We don't know. So whenever price reaches 248 00:16:47,688 --> 00:16:50,888 a resistance and you're in a trade write this down please. 249 00:16:50,888 --> 00:16:55,248 Um whenever price reaches a resistance and we're in a trade 250 00:16:55,248 --> 00:16:58,448 we don't know whether price is going to break it or not. We 251 00:16:58,448 --> 00:17:01,448 don't know that. You know so it's it's it's always good 252 00:17:01,448 --> 00:17:05,408 practice to secure profits. If you have or if you want to 253 00:17:05,408 --> 00:17:09,168 leave a runner put a runner at break even and if it continues 254 00:17:09,168 --> 00:17:12,728 on that runner is going to be your it's going to be a golden 255 00:17:12,728 --> 00:17:15,948 trade. You know at the same time if price reaches a support 256 00:17:15,948 --> 00:17:18,668 and you're in a sell we don't know if it's going to break 257 00:17:18,668 --> 00:17:22,388 support or not. We need to secure profits. Can we place 258 00:17:22,388 --> 00:17:25,468 more risk there or is it a bad idea reaching a resistance. 259 00:17:25,468 --> 00:17:30,308 It's a very bad idea reaching a resistance and taking a trade. 260 00:17:30,308 --> 00:17:35,188 Don't do that. We don't do that. Um if you are if you are 261 00:17:35,188 --> 00:17:39,348 new then you do that but it's a best practice not to do that. 262 00:17:39,348 --> 00:17:42,308 We already talked about this. When price is moving up we 263 00:17:42,308 --> 00:17:46,068 don't take buys. We wait for price to come down or create 264 00:17:46,068 --> 00:17:50,628 like a support or whatever and then we take a buy. So how long 265 00:17:50,628 --> 00:17:53,188 is this webinar going to be Raja? I think we're going to go 266 00:17:53,188 --> 00:17:56,388 for another hour. So if you want to leave that's fine. It's 267 00:17:56,388 --> 00:17:58,468 going to be recorded anyway. I'm going to place it in the 268 00:17:58,468 --> 00:18:04,068 drive maybe by tonight or tomorrow morning. Um all right. 269 00:18:04,068 --> 00:18:08,908 Let's take a look at next example here. Awesome. So 270 00:18:08,908 --> 00:18:14,068 what's what's what's the bias here? When you look at this 271 00:18:14,068 --> 00:18:20,068 what's the bias? Everyone saying bearish is saying 272 00:18:20,068 --> 00:18:25,108 downtrend right? So so when we have a when we have a downtrend 273 00:18:25,108 --> 00:18:29,548 we wait for some sort of we wait for some sort of a 274 00:18:29,548 --> 00:18:32,808 resistance to be farming. Right? So the first thing 275 00:18:32,808 --> 00:18:36,808 first. First thing is we see prices dropping. You know so if 276 00:18:36,808 --> 00:18:40,768 prices dropping you don't want to take a sell here. The 277 00:18:40,768 --> 00:18:44,208 number one mistake people make is when prices dropping they 278 00:18:44,208 --> 00:18:48,288 take sells. You want some sort of like you know you want some 279 00:18:48,288 --> 00:18:51,408 sort of a like a like a retracement to happen and then 280 00:18:51,408 --> 00:18:53,968 you want to take a sell. You know so first things first. 281 00:18:53,968 --> 00:18:57,288 First thing is we need to identify our zone. You know the 282 00:18:57,288 --> 00:19:03,508 first zone is going to be maybe right over here. Right? Because 283 00:19:03,508 --> 00:19:06,308 price broke down created a resistance and then it went 284 00:19:06,308 --> 00:19:10,668 down. So whenever price is falling down also write this 285 00:19:10,668 --> 00:19:14,228 down too. Whenever price is falling down it's falling down 286 00:19:14,228 --> 00:19:17,548 from a resistance. So you need to mark a resistance. You know 287 00:19:17,548 --> 00:19:20,908 whenever price is moving up it's moving up from a support. 288 00:19:20,908 --> 00:19:23,628 So in the same way we have a support right over here. 289 00:19:23,628 --> 00:19:27,628 Because price is moving up. You know from here price is moving 290 00:19:27,628 --> 00:19:31,388 down so we have a resistance right over here. So let's see 291 00:19:31,388 --> 00:19:35,788 what happens here next. Price is moving down, there's no 292 00:19:35,788 --> 00:19:39,108 trade, we don't know what's going to happen, right? So, 293 00:19:39,108 --> 00:19:42,708 we're still, we're still waiting here. Now, we have a 294 00:19:42,708 --> 00:19:46,428 candle forming like this like a doji candle. There's obviously 295 00:19:46,428 --> 00:19:48,868 there's no trade. Since what we've learned so far, there's 296 00:19:48,868 --> 00:19:53,468 no trade right now. Now, we have a candle moving bullish, 297 00:19:53,468 --> 00:19:58,988 right? Now, can we take a buyer to sell? I don't think so it's 298 00:19:58,988 --> 00:20:01,428 going to get pretty difficult because you know, you have a 299 00:20:01,428 --> 00:20:07,088 range right over there. So, we have to wait a little bit. Um 300 00:20:07,348 --> 00:20:12,448 okay we have a candle moving up now so you know we just it 301 00:20:12,448 --> 00:20:15,728 moved up so you know we were looking for sell so we're still 302 00:20:15,728 --> 00:20:20,148 weighing here a little bit price is still moving bullish 303 00:20:20,148 --> 00:20:24,628 now notice how notice how price broke above this area and it 304 00:20:24,628 --> 00:20:28,548 came up to this previous support right it came up this 305 00:20:28,548 --> 00:20:32,628 previous support it created a low also another thing to note 306 00:20:32,628 --> 00:20:36,348 is whenever price is trending down it will create a low 307 00:20:36,348 --> 00:20:39,668 whenever a low is formed there's going to be a 308 00:20:39,668 --> 00:20:42,668 retracement and then there's going to be a very high 309 00:20:42,668 --> 00:20:46,548 probability that price will retest that low whenever price 310 00:20:46,548 --> 00:20:50,228 will retest that low that's the trade I'm willing to trade you 311 00:20:50,228 --> 00:20:53,148 know that's the confirmation I'm willing to take so when we 312 00:20:53,148 --> 00:20:56,628 look at the next see what happens here. Next we have a 313 00:20:56,628 --> 00:21:00,508 resistance forming. Right? So now there will be two groups of 314 00:21:00,508 --> 00:21:07,668 people. One group will say sell it. Then another group will say 315 00:21:07,668 --> 00:21:12,108 wait for some sort of some sort of a confirmation. This is your 316 00:21:12,108 --> 00:21:16,188 confirmation. This is if this is a one hour time frame or if 317 00:21:16,188 --> 00:21:20,028 this is a 30 -minute time frame this is the confirmation you 318 00:21:20,028 --> 00:21:23,468 are looking for because when the next you need to understand 319 00:21:23,468 --> 00:21:28,568 this guys whenever are moving. Candles are moving with 320 00:21:28,568 --> 00:21:32,808 billions of dollars. You know every every pip moved in a 321 00:21:32,808 --> 00:21:36,848 candle is billions and billions of dollars. We're just trading 322 00:21:36,848 --> 00:21:39,728 a candle with scratching the surface. So if you're trying to 323 00:21:39,728 --> 00:21:44,328 take a sell over here everybody know by now that your stop is 324 00:21:44,328 --> 00:21:48,248 going to be above the bearish candle and you're anticipating 325 00:21:48,248 --> 00:21:51,768 the next candle to respect that high and continue moving 326 00:21:51,768 --> 00:21:55,528 bearish like this. You know and at this point you're probably 327 00:21:55,528 --> 00:22:00,048 securing profits or you're putting stops at Rick even but 328 00:22:00,048 --> 00:22:03,848 but ultimately you want price to continue down to retest this 329 00:22:03,848 --> 00:22:08,848 low right so if you look at there price does come down and 330 00:22:08,848 --> 00:22:13,168 we start moving further down so so when price came down to this 331 00:22:13,168 --> 00:22:17,408 support this is where you are securing you're securing right 332 00:22:17,408 --> 00:22:20,288 over here right because we don't know whether price is 333 00:22:20,288 --> 00:22:23,208 going to continue moving down or not so that's why you're 334 00:22:23,208 --> 00:22:27,408 leaving a runner runner running you're trailing your stops and 335 00:22:27,408 --> 00:22:30,728 you're leaving a runner running you're leaving a portion of 336 00:22:30,728 --> 00:22:34,948 your run so to speak that okay if that position keeps on 337 00:22:34,948 --> 00:22:39,068 running I want the most out of that so then you know like it 338 00:22:39,068 --> 00:22:42,028 starts it starts moving down you're like oh perfect my 339 00:22:42,028 --> 00:22:46,188 runner kept on running so I had a good trade why the price went 340 00:22:46,188 --> 00:22:50,988 down instead of moving up I don't know if that's a serious 341 00:22:50,988 --> 00:22:58,248 question or not but I think that's not a serious question. 342 00:22:58,248 --> 00:23:03,288 I hope that's not a serious question. Um so would this be 343 00:23:03,288 --> 00:23:07,168 valid enough confirmation on 30 minute time frame? Yes. Yes. 344 00:23:07,168 --> 00:23:10,568 Based on what I've seen based on what I've traded. Whenever 345 00:23:10,568 --> 00:23:14,608 that happens there's a very there's a very high chance that 346 00:23:14,608 --> 00:23:19,088 this will continue on. You know so the reason why price moved 347 00:23:19,088 --> 00:23:22,568 bearish was we don't know whether price where price is 348 00:23:22,568 --> 00:23:25,808 going to go to be honest. We don't know that. All all what 349 00:23:25,808 --> 00:23:30,928 we do know is that a resistance has been formed. So there's a 350 00:23:30,928 --> 00:23:34,088 high probability that price will go down. We don't know why 351 00:23:34,088 --> 00:23:37,368 it's going to go down. We just know based on probability that 352 00:23:37,368 --> 00:23:41,328 it should go down. Man, it could've it could have gone up 353 00:23:41,328 --> 00:23:45,008 too. Look at this. It could have gone up like the next 354 00:23:45,008 --> 00:23:49,728 candle could have gone up let's say after 355 00:23:50,308 --> 00:23:54,488 this one right if we had this candle man the next candle 356 00:23:54,488 --> 00:23:58,848 could have gone up where is my candle man come on come on zoom 357 00:23:58,848 --> 00:24:02,528 cooperate with me here next candle could have gone like 358 00:24:02,528 --> 00:24:06,648 this but for this to happen there's a low probability for 359 00:24:06,648 --> 00:24:11,048 this to happen you know we just go off of based of a higher 360 00:24:11,048 --> 00:24:14,088 time frame like what's the highest probability you know so 361 00:24:14,088 --> 00:24:16,928 when you had that candle close you're like okay there's a 362 00:24:16,928 --> 00:24:20,128 higher probability that the next candle is going to go down 363 00:24:20,128 --> 00:24:24,428 and we execute based on probabilities Raja time a 364 00:24:24,428 --> 00:24:27,388 candle is formed we move the stop loss of the runner correct 365 00:24:27,388 --> 00:24:33,628 yes yes exactly so alright let's take a look at the next 366 00:24:33,628 --> 00:24:40,488 example here Because everyday is not sunshine and rainbows. 367 00:24:42,888 --> 00:24:49,988 Alright now we have this scenario right over here right 368 00:24:49,988 --> 00:24:57,628 what's it's I think this is a this is a harder example than 369 00:24:57,628 --> 00:25:02,028 the previous ones yeah it's very hard it's very hard the 370 00:25:02,028 --> 00:25:07,028 first thing you see is that candles are moving bearish 371 00:25:07,028 --> 00:25:09,468 right that's the first thing you see candles are moving 372 00:25:09,468 --> 00:25:13,028 bearish which means that we have some sort of a resistance 373 00:25:13,028 --> 00:25:17,448 forming and then we have some sort of support forming down 374 00:25:17,448 --> 00:25:19,808 over here and seems like it's kind of like arranging on 375 00:25:19,808 --> 00:25:23,408 whatever but it seems very difficult to trade here. So 376 00:25:23,408 --> 00:25:26,928 let's see let's see what happens and then so so these 377 00:25:26,928 --> 00:25:31,248 are all 30 minute and one hour time frame examples. Um so next 378 00:25:31,248 --> 00:25:34,488 candle starts moving down. You know it's moving it's coming 379 00:25:34,488 --> 00:25:37,408 down to this minor support. We don't know what's going to 380 00:25:37,408 --> 00:25:39,968 happen here. So probably just going to wait here a little 381 00:25:39,968 --> 00:25:46,188 bit. Um the next candle starts moving bearish. Could we take a 382 00:25:46,188 --> 00:25:49,908 sell I don't think so because range is not enough I mean it's 383 00:25:49,908 --> 00:25:54,148 just it's just very tricky very tricky if someone does take a 384 00:25:54,148 --> 00:25:58,268 sell then you would want price to respect the high of the 385 00:25:58,268 --> 00:26:01,588 previous candle and then continue moving down that's 386 00:26:01,588 --> 00:26:05,148 what would you would want you know but since it's in this in 387 00:26:05,148 --> 00:26:08,628 this area over here it just looks very dirty very tricky it 388 00:26:08,628 --> 00:26:15,208 doesn't look good at all someone saying buy it we listen 389 00:26:15,208 --> 00:26:19,288 when you say buy without a candle closing bullish that 390 00:26:19,288 --> 00:26:23,088 tells me you're not taking any notes so you have to wait for 391 00:26:23,088 --> 00:26:26,608 candles to close in your direction listen if you guys 392 00:26:26,608 --> 00:26:29,928 don't wait for candles to close in your direction you're 393 00:26:29,928 --> 00:26:32,808 going to be in the same spot you've been since you started 394 00:26:32,808 --> 00:26:36,368 trading we are here to make a change and you need to make a 395 00:26:36,368 --> 00:26:39,528 change in your mentality first you need to wait for candles to 396 00:26:39,528 --> 00:26:43,488 close in your direction and then take trades you need to 397 00:26:43,488 --> 00:26:46,808 make a change to see a change that's that's how it's going to 398 00:26:46,808 --> 00:26:49,548 work if you don't make a change you're never going to see a 399 00:26:49,548 --> 00:26:52,748 change I know a lot of people who've been who who are in my 400 00:26:52,748 --> 00:26:57,028 group and oh basically I know people who started when I 401 00:26:57,028 --> 00:27:00,228 started with Ted and they're in the same position they were 402 00:27:00,228 --> 00:27:02,948 since they started because of because they're not patient 403 00:27:02,948 --> 00:27:06,028 enough they don't wait for Canada to close they just take 404 00:27:06,028 --> 00:27:09,588 they they over trade they over risk they're in the same 405 00:27:09,588 --> 00:27:13,308 position they were since they started me I've progressed I 406 00:27:13,308 --> 00:27:16,608 know a couple of other guys they've progressed a lot too so 407 00:27:16,608 --> 00:27:20,448 you have to wait. Waiting man you get paid to wait. You know 408 00:27:20,448 --> 00:27:23,208 see. So if you have taken a cell over here would have 409 00:27:23,208 --> 00:27:26,608 gotten stopped out. You know it it would have been very tough. 410 00:27:26,608 --> 00:27:29,968 So next candle close like this. Next candle is closing like 411 00:27:29,968 --> 00:27:34,768 this and it's approaching this minor support form here. Now it 412 00:27:34,768 --> 00:27:37,168 gets very difficult to trade. We don't know what's going to 413 00:27:37,168 --> 00:27:40,968 happen. And the next candle starts going down, reaches the 414 00:27:40,968 --> 00:27:45,488 support and the one after that breaks down and it's just it's 415 00:27:45,488 --> 00:27:51,268 just a you know so so so this was this was a this in this 416 00:27:51,268 --> 00:27:56,428 example there was no trade it was very hard to trade I'm a 417 00:27:56,428 --> 00:27:59,548 new trader but knowing myself I would have taken a sell on the 418 00:27:59,548 --> 00:28:03,588 third last candle because it broke the low it did not break 419 00:28:03,588 --> 00:28:06,748 the high and closed bearish with stops above right or wrong 420 00:28:06,748 --> 00:28:09,668 I think that's a that's a right idea that would have been the 421 00:28:09,668 --> 00:28:12,708 right idea but then there was a lot of learning involved too 422 00:28:12,708 --> 00:28:17,188 whenever you whenever you take a trade and you lose a trade 423 00:28:17,188 --> 00:28:19,508 you're always learning something. You know if you 424 00:28:19,508 --> 00:28:22,188 would have taken a cell after this candle it could have 425 00:28:22,188 --> 00:28:24,708 worked. This could have worked and then someone that could 426 00:28:24,708 --> 00:28:27,988 have taken a cell over here anticipating price to move down 427 00:28:27,988 --> 00:28:33,188 then it could not have worked. You know so so you want a clean 428 00:28:33,188 --> 00:28:36,428 range you know the reason why this did not look good was 429 00:28:36,428 --> 00:28:39,268 because there was a minor support over here you know we 430 00:28:39,268 --> 00:28:41,228 didn't know what's going to happen and there was support 431 00:28:41,228 --> 00:28:43,828 down over here so it's obviously this is like this 432 00:28:43,828 --> 00:28:49,048 wasn't an easy example. So to speak. 433 00:28:50,048 --> 00:28:55,608 How many kennel you want to confirm resistance? Just one. 434 00:28:55,608 --> 00:29:01,228 Right. So, What's happening here now? What's what's the 435 00:29:01,228 --> 00:29:09,288 bias over here? Bearish okay someone is saying bearish paid 436 00:29:09,288 --> 00:29:15,208 to wait ah bearish down okay so if so if we were to take a cell 437 00:29:15,208 --> 00:29:19,408 okay so would this be a would this be the the the great idea 438 00:29:19,408 --> 00:29:22,448 to take a cell right now 439 00:29:24,748 --> 00:29:30,448 no someone saying no bad idea bearish bearish bearish let's 440 00:29:30,448 --> 00:29:35,408 see what happens here see this would have been a okay idea to 441 00:29:35,408 --> 00:29:42,088 take a cell because we had a wick to fill right over here 442 00:29:42,088 --> 00:29:49,708 and we had a retracement done support formed right over here 443 00:29:49,708 --> 00:29:54,748 and we had this candle close below the candles here to the 444 00:29:54,748 --> 00:29:59,028 left hand side you know this could have been a nice idea to 445 00:29:59,028 --> 00:30:02,588 take a trade but if you notice the next candle next candle 446 00:30:02,588 --> 00:30:05,788 just wicked all the way down filled the wick and then 447 00:30:05,788 --> 00:30:11,188 continued moving up right so if that trade was missed now we 448 00:30:11,188 --> 00:30:14,388 don't know when to take a trade now we're just we're just 449 00:30:14,388 --> 00:30:18,928 waiting you know now it's just pretty hard to take a trade 450 00:30:18,928 --> 00:30:21,968 because you know now we're starting to go up we're coming 451 00:30:21,968 --> 00:30:27,488 into this resistance area now so let's let's assume we missed 452 00:30:27,488 --> 00:30:34,268 that trade and now if we are creating a support over here 453 00:30:34,268 --> 00:30:38,588 What's going to be the probability? Now since price is 454 00:30:38,588 --> 00:30:44,288 let me just remove this here. So since we are creating a 455 00:30:44,288 --> 00:30:49,688 support down here, what's the probability for price to 456 00:30:49,688 --> 00:30:52,848 continue to go up? 457 00:30:54,968 --> 00:30:59,988 It's high. Someone said she's going up 100percent. Perfect. 458 00:30:59,988 --> 00:31:03,348 So, if price is going to go up, right? If price is going to go 459 00:31:03,348 --> 00:31:07,748 bullish, we need to see clean candles, right? So, we see that 460 00:31:07,748 --> 00:31:11,308 okay, we're closing above this minor resistance, right? And 461 00:31:11,308 --> 00:31:15,028 there's a high chance for price to come up to this area and to 462 00:31:15,028 --> 00:31:18,028 potentially fill the gap, right? So, if that's going to 463 00:31:18,028 --> 00:31:21,108 happen, where would our stop loss be? So, everybody knows 464 00:31:21,108 --> 00:31:24,108 our stop is going to be below this candle and then we're 465 00:31:24,108 --> 00:31:27,968 targeting an area going up right over here. Even though if 466 00:31:27,968 --> 00:31:31,928 we're not taking the trade we're anticipating price to go 467 00:31:31,928 --> 00:31:36,568 up. You know we're anticipating that. So that's what we're 468 00:31:36,568 --> 00:31:41,908 going to do here. So let's just Let's just start to see what 469 00:31:41,908 --> 00:31:44,668 happens next. 470 00:31:46,508 --> 00:31:51,848 Price goes up respects the previous low makes a higher low 471 00:31:51,848 --> 00:31:56,088 and a higher high and the next one continues up and it reaches 472 00:31:56,088 --> 00:32:00,048 reaches the gap area right it reaches the gap area just 473 00:32:00,048 --> 00:32:04,568 perfectly so if you see this was the gap price came up and 474 00:32:04,568 --> 00:32:09,848 rejected it now now let me ask you this let me ask you this 475 00:32:09,848 --> 00:32:16,288 what's the probability that price will break up or go down 476 00:32:16,288 --> 00:32:21,188 do you do we think that price will yeah 5050 right because we 477 00:32:21,188 --> 00:32:25,548 don't know gaps happen at very important zone so maybe that's 478 00:32:25,548 --> 00:32:28,308 a very important zone that's where the gap happen you know 479 00:32:28,308 --> 00:32:31,148 so maybe the next candle is now we don't know if it's going to 480 00:32:31,148 --> 00:32:36,428 reject it or it's going to continue to go through it so 481 00:32:36,428 --> 00:32:38,788 this is where you have your runners running you're securing 482 00:32:38,788 --> 00:32:42,508 profits you're you're doing all sorts of those things right so 483 00:32:42,508 --> 00:32:47,308 next candle forms like this if you were still in a trade right 484 00:32:47,308 --> 00:32:51,268 if you were still in a trade would you close your buys at 485 00:32:51,268 --> 00:32:56,348 this point or you will leave them open. 486 00:32:56,968 --> 00:33:01,708 Close the buys yeah perfect man you guys are learning this is 487 00:33:01,708 --> 00:33:05,708 awesome you know close the buys stop set break even whatever 488 00:33:05,708 --> 00:33:07,708 you want to do and then eventually you know price start 489 00:33:07,708 --> 00:33:11,188 to come down and just start to do its ranging things see how 490 00:33:11,188 --> 00:33:16,228 now it just start to range so so this was the perfect move up 491 00:33:16,228 --> 00:33:20,228 going up because we had clean candles here to the left so 492 00:33:20,228 --> 00:33:25,788 it's pretty good pretty good nice feedback I like it 46387

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