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hello everybody how is it going today
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and welcome back to another lesson
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thank you very much for keeping up to
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your lessons you guys should be
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very proud of yourselves if you have
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gotten to this lesson so far
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which will be lesson number nine i know
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that there has been tons of material for
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you guys to go through
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and i know that it's a very daunting and
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perilous journey
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but i'm very grateful and appreciative
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for the fact that you decided to choose
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me
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as your instructor and i really do hope
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that you have taken
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so much away from this so far the
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ultimate goal is to improve
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your skills as a trader right guys and
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we are going to get to so many different
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tutorials
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and just to show you guys some of the
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profits that i
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actually make and that i tweet okay guys
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make sure you guys are actually going
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through my videos on youtube as well
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because there are so much free content
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for example if you go to my playlist as
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well i'm not even sure if you guys know
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this but i've got
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a lot of live trade guys okay i've got
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so many live trades that you guys should
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definitely take a look at i've got
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over 45 live trades that you guys can
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see
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proof in the pudding i'm making two
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hundred and fifteen dollars in eight
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minutes
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three hundred and eighty dollars in 15
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minutes you know sometimes it's a
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hundred sometimes it's eighty dollars an
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hour a hundred dollars an hour
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sometimes it's way more than that there
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are times where i'm making
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522 dollars sometimes i'm making 1300
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in less than one hour and the whole goal
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of these courses guys is to empower you
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with the proper skills that you need to
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succeed as a trader
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when you think about what you guys have
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contributed to this particular package
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and what it actually cost
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you two hundred dollars i bet you guys
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have all lost
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well more than two hundred dollars to
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get to where you are
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in this point of your life right now and
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where you are at this point of your
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trading career
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just think about the grand scheme of
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things and how much i really hope to
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have helped you thus far
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and just to give you guys a real life
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example of my last trade that i just
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took
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okay my last trade that i took i used to
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be an engineer guys
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right i used to be a mechanical engineer
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and we broke it down as well we're
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in canada about 50 000 a year worked out
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to be about 25
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an hour which was about 200 canadian a
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day
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in the my last trade that i made i made
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a 12-minute trade i entered it at 10 22
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or 20 10 20 um sorry 10 32
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and i closed my position 12 minutes
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later
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at 10 44 and my profit was
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literally 278
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yes i was playing a 20 000 position and
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i made a one percent
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gain but imagine for a moment guys okay
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where your gains are one two three
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percent every trade only
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and that's what i'm going to teach you
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as a day trader
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to focus on gaining these very small
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profits that add up to
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monstrous amounts every day even if you
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guys had a one thousand dollar
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account size that you were playing with
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and you gained
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one to three percent per trade if you
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made for example an average of two
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percent a trade and you made five a day
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well you've just made your account 10
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bigger
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when you think of it like that right so
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that's what i've always believed as a
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trader
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which is to avoid exposure in the
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marketplace
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which means to not be in a position much
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longer than you're comfortable
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i personally do not have the tolerance
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to be in a trade for a long period of
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time
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that is why i ensure that i make sure i
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make sure that i'm
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exposed as absolutely little as possible
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because to me i'm simply just not
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comfortable being exposed for a very
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long period of time
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so thank you very much for keeping up to
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your lessons once again
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and today's lesson guys is going to be
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the big picture and the little picture
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how to
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interpret time frames i'm sure you guys
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have all wondered
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what are these time frames right
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why should i be looking at the 15-minute
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chart why should i be looking at the
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one-hour chart
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why should i be looking at the four-hour
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chart what does this have to do
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with the daily so we're going to cover
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all of that but just to give a very
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quick summary of what you guys should
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know by now
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and please i emphasize highly and i
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encourage you highly as well to make
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sure
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that you're contacting me on udemy here
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ask a lot of questions because i am here
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to help you guys okay
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i'm genuinely here to help you guys and
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i want to answer
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all the questions that you have and
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we'll keep it to fundamental
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sorry we'll keep it the technical
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indicators and indicators and charts in
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general
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and i'm sure that once you guys graduate
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through this class
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you're gonna have a lot of questions
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that you would like to ask me about your
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position as well
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where once you guys complete the class i
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assure you that i will have
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absolutely no problem discussing with
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you your financial situations and your
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positions in general
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and help you with financially advising
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so when you think about this 200
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package that you actually purchase it's
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actually a really good deal right
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i really hope to improve your trading
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and bring it to the next level
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i'm just adjusting my monitor here very
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quickly
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i've got ocd issues my desk is as clean
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as it can possibly be
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make sure you guys have a very clean
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work environment as well
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treat it like a professional job okay
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despite me
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staying at home and you know hanging out
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with my dog and watching netflix
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and just kind of sitting back sometimes
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and enjoying the day
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i'm still an incredibly hard worker so
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make sure that you guys also understand
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the concept of working very hard you
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need to make sure
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that you don't just treat this like like
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any other job right
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this is an opportunity where you can
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actually change
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your life and that's what i truly hope
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to do
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i really hope that by the time you guys
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are done
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all of these 17 courses that you are
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going to feel
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empowered and you can just go out there
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and destroy
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the charts because if you can do that
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nothing would make me
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hap nothing would make me happier in
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life than to know
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that i have students that are also very
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successful
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and it would make me incredibly happy to
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know that i'm changing
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lives right so thank you very much for
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joining me
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through this journey so far and today
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guys we're going to be taking a look at
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the big picture
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and by now you guys should know how to
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talk to me
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in the lingo when i bring up some things
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like hey looks like we're going on an
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uptrend or a rally
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hey looks like people are selling off
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right now hey looks like we have really
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good resistances and supports
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you guys should know what separates a
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really good trader from a bad trader
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and that comes down to emotions despite
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seeing how goofy
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i am a lot of the times and how much i
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joke you guys know that
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i'm a solid trader right and i stick to
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my risk management which factors out my
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emotions in trading
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i also focus on trading like a casino i
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like to ladder my buys as it goes down
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to make sure that i'm getting the best
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dollar cost averaging
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i like to make sure that i read the
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level 2 order book
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which we will go over in high detail i
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want you guys to make sure you're
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understanding the bids and the ask
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and how walls on one side push over to
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the other side
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and on the bid side it will push over to
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the ask side
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all right i want you guys to understand
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what shorting the market
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also means and why some people are
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generally
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interested in when the market actually
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goes down
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i want you guys to understand what
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margin trading is
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and what all the risks are associated
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with margin trading and especially with
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leveraging
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i want you guys to understand the
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necessity of charts
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charts basically tell a story and when
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you tell the story
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you just basically have to open up the
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book and it's going to give you a very
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vivid detail of
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everything that's going on i also taught
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you guys how to customize trading view
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make sure that you're constantly using
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these tools it's kind of like a new
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video game right
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you can only get a better at a new video
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game or you can only
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get better with the skills that you
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might know on a basic level
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if you keep practicing it every single
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day
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so make sure that you're always putting
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in the hard work to learn
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a new platform and to learn the tools
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despite me showing you how to use the
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basics
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it's up to you guys to master them by
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putting in the hours
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i was previously an engineer and i have
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a lot of autocad experience for example
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i also had a lot of pro e which was
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really good or solid edge as well
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these are all 3d modeling programs right
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that i personally have
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thousands of hours of experience in
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but i was only introduced the very
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basics it's until we actually
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got much better with the program that we
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knew how to become very proficient with
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it
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by putting in tons of man-hours and then
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we also learned
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what are tactical indicators and how are
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they used
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technical indicators are basically tools
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where they perform mathematical
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calculations that will assist
287
00:09:23,200 --> 00:09:27,120
us in figuring out where we could enter
288
00:09:26,480 --> 00:09:29,760
a trade
289
00:09:27,120 --> 00:09:32,240
and it will help us in determining what
290
00:09:29,760 --> 00:09:34,080
has a higher probability of happening
291
00:09:32,240 --> 00:09:37,040
so technical indicators are something
292
00:09:34,080 --> 00:09:39,680
that are absolutely vital to our success
293
00:09:37,040 --> 00:09:41,839
as a tactical analyst now we also learn
294
00:09:39,680 --> 00:09:43,200
how to differentiate between what is a
295
00:09:41,839 --> 00:09:45,440
tactical analyst
296
00:09:43,200 --> 00:09:46,800
and also what is a fundamental analyst
297
00:09:45,440 --> 00:09:49,360
as well
298
00:09:46,800 --> 00:09:50,000
we also learned how to read charts right
299
00:09:49,360 --> 00:09:53,040
we learn how
300
00:09:50,000 --> 00:09:55,680
to analyze candlesticks what they mean
301
00:09:53,040 --> 00:09:56,240
what is a high what is a low what is the
302
00:09:55,680 --> 00:09:58,560
open
303
00:09:56,240 --> 00:09:59,279
what is the close what is the dragonfly
304
00:09:58,560 --> 00:10:01,519
doji
305
00:09:59,279 --> 00:10:03,040
and that was more of a basic class that
306
00:10:01,519 --> 00:10:04,959
dealt with price action
307
00:10:03,040 --> 00:10:07,440
and now we're going to talk about
308
00:10:04,959 --> 00:10:10,079
candlesticks in even more detail
309
00:10:07,440 --> 00:10:12,079
in this particular class because we want
310
00:10:10,079 --> 00:10:13,760
to talk about how to interpret time
311
00:10:12,079 --> 00:10:15,440
frames so once again thank you for
312
00:10:13,760 --> 00:10:18,480
joining me and let us begin
313
00:10:15,440 --> 00:10:18,880
this lesson number nine together all
314
00:10:18,480 --> 00:10:21,279
right
315
00:10:18,880 --> 00:10:23,519
let's get into this guys let's talk
316
00:10:21,279 --> 00:10:26,320
about the importance of time frames
317
00:10:23,519 --> 00:10:28,079
so what do you guys think already the
318
00:10:26,320 --> 00:10:30,160
importance of time frames are
319
00:10:28,079 --> 00:10:31,120
i mean we've got a lot of different time
320
00:10:30,160 --> 00:10:33,440
frames right
321
00:10:31,120 --> 00:10:35,279
we've got even a one minute chart why
322
00:10:33,440 --> 00:10:36,800
would one why would people want to even
323
00:10:35,279 --> 00:10:38,320
look at the one minute chart right
324
00:10:36,800 --> 00:10:39,200
that's probably what you guys have heard
325
00:10:38,320 --> 00:10:42,000
before already
326
00:10:39,200 --> 00:10:42,959
right why do we look at a five minute or
327
00:10:42,000 --> 00:10:46,000
a thirty minute
328
00:10:42,959 --> 00:10:49,360
or one hour or a three hour or a four
329
00:10:46,000 --> 00:10:50,880
hour or a daily or a weekly
330
00:10:49,360 --> 00:10:53,200
why do people want to look at it on the
331
00:10:50,880 --> 00:10:55,120
monthly as well right
332
00:10:53,200 --> 00:10:56,640
why the heck do people want to take a
333
00:10:55,120 --> 00:11:00,480
look at it on a monthly
334
00:10:56,640 --> 00:11:03,519
time frame yeah so there's uh there are
335
00:11:00,480 --> 00:11:04,000
so many reasons why we need to take a
336
00:11:03,519 --> 00:11:06,560
look
337
00:11:04,000 --> 00:11:08,160
at time frames on multiple different
338
00:11:06,560 --> 00:11:09,680
what we need to look at multiple time
339
00:11:08,160 --> 00:11:12,000
frames i meant to say
340
00:11:09,680 --> 00:11:14,480
so can you guys think of a reason while
341
00:11:12,000 --> 00:11:16,000
i have a sip of my water think of some
342
00:11:14,480 --> 00:11:18,320
reasons why we need to
343
00:11:16,000 --> 00:11:20,079
look at different time frames and what
344
00:11:18,320 --> 00:11:29,600
do you guys think that they'll actually
345
00:11:20,079 --> 00:11:31,920
show on different time frames as well
346
00:11:29,600 --> 00:11:32,720
so let's think about it okay so what a
347
00:11:31,920 --> 00:11:36,160
time frame
348
00:11:32,720 --> 00:11:39,200
is is think of it like a big picture
349
00:11:36,160 --> 00:11:40,079
and a little picture okay have you guys
350
00:11:39,200 --> 00:11:42,000
ever played
351
00:11:40,079 --> 00:11:43,200
uh you know the sims or something like
352
00:11:42,000 --> 00:11:46,160
that right or
353
00:11:43,200 --> 00:11:48,079
sim city or anything like that where you
354
00:11:46,160 --> 00:11:51,040
can zoom in to a very small
355
00:11:48,079 --> 00:11:51,680
section of something or you can stand
356
00:11:51,040 --> 00:11:53,839
far
357
00:11:51,680 --> 00:11:54,959
back on the edge of the galaxy for
358
00:11:53,839 --> 00:11:56,959
example
359
00:11:54,959 --> 00:11:58,320
if you're standing far back on the edge
360
00:11:56,959 --> 00:12:00,720
of the galaxy
361
00:11:58,320 --> 00:12:02,000
maybe you can look at every single solar
362
00:12:00,720 --> 00:12:04,000
system right
363
00:12:02,000 --> 00:12:05,519
you can see everything in every solar
364
00:12:04,000 --> 00:12:07,680
system but you couldn't
365
00:12:05,519 --> 00:12:09,360
actually see what's happening for
366
00:12:07,680 --> 00:12:11,519
example on earth
367
00:12:09,360 --> 00:12:13,920
right if you're at the edge of the solar
368
00:12:11,519 --> 00:12:16,480
system that might be like the daily
369
00:12:13,920 --> 00:12:18,160
chart for example where you're just able
370
00:12:16,480 --> 00:12:20,800
to see it from a very
371
00:12:18,160 --> 00:12:21,519
big picture but what's happening on
372
00:12:20,800 --> 00:12:24,000
earth
373
00:12:21,519 --> 00:12:24,959
what's happening you know in in japan or
374
00:12:24,000 --> 00:12:27,519
tokyo
375
00:12:24,959 --> 00:12:28,480
so maybe you would want to use a smaller
376
00:12:27,519 --> 00:12:31,760
time frame
377
00:12:28,480 --> 00:12:34,639
to actually zoom in at that specific
378
00:12:31,760 --> 00:12:35,600
structure right so the way that i see
379
00:12:34,639 --> 00:12:39,440
time frames
380
00:12:35,600 --> 00:12:40,399
is it tells a story and in each of these
381
00:12:39,440 --> 00:12:43,600
stories
382
00:12:40,399 --> 00:12:45,360
it formulates a bigger picture overall
383
00:12:43,600 --> 00:12:47,040
so we also first of all have to
384
00:12:45,360 --> 00:12:49,680
understand just some basic
385
00:12:47,040 --> 00:12:50,639
math and divisibility right just basic
386
00:12:49,680 --> 00:12:53,120
division
387
00:12:50,639 --> 00:12:55,279
so guys if for example i'm just going to
388
00:12:53,120 --> 00:12:59,120
show you this okay
389
00:12:55,279 --> 00:13:02,240
if two candles like this okay
390
00:12:59,120 --> 00:13:03,360
let's say these are two one-hour candles
391
00:13:02,240 --> 00:13:06,399
each right
392
00:13:03,360 --> 00:13:09,519
if these are two one hour candles
393
00:13:06,399 --> 00:13:12,240
each then that would mean that there is
394
00:13:09,519 --> 00:13:12,959
there are two hours total because each
395
00:13:12,240 --> 00:13:15,839
one
396
00:13:12,959 --> 00:13:16,720
represents what has happened in that
397
00:13:15,839 --> 00:13:20,000
specific
398
00:13:16,720 --> 00:13:22,800
hour which also means that if you take
399
00:13:20,000 --> 00:13:24,560
both of these combined in a two hour
400
00:13:22,800 --> 00:13:27,279
candle
401
00:13:24,560 --> 00:13:28,000
that would actually only be one candle
402
00:13:27,279 --> 00:13:30,079
right
403
00:13:28,000 --> 00:13:31,680
does that make sense so let's just talk
404
00:13:30,079 --> 00:13:35,680
about the basics okay
405
00:13:31,680 --> 00:13:39,040
so if you take 15 and you divide that by
406
00:13:35,680 --> 00:13:39,680
five what do you guys get you get three
407
00:13:39,040 --> 00:13:43,760
right
408
00:13:39,680 --> 00:13:47,040
so in every 15 minute candle
409
00:13:43,760 --> 00:13:47,760
there would be three five minute candles
410
00:13:47,040 --> 00:13:51,199
right
411
00:13:47,760 --> 00:13:54,240
so how many three-minute candles
412
00:13:51,199 --> 00:13:55,360
would need to make up for a 15-minute
413
00:13:54,240 --> 00:13:58,399
candle guys
414
00:13:55,360 --> 00:14:00,720
i'll give you a second answer that
415
00:13:58,399 --> 00:14:02,959
yeah if you said five you're absolutely
416
00:14:00,720 --> 00:14:06,800
right it takes five
417
00:14:02,959 --> 00:14:07,680
three minute candles to make a 15 minute
418
00:14:06,800 --> 00:14:10,800
candle
419
00:14:07,680 --> 00:14:13,199
so how many candles would it take how
420
00:14:10,800 --> 00:14:15,440
many 15 minute candles let me ask you
421
00:14:13,199 --> 00:14:19,279
guys this okay
422
00:14:15,440 --> 00:14:23,199
how many 15-minute candles
423
00:14:19,279 --> 00:14:25,680
would form a 30-minute
424
00:14:23,199 --> 00:14:25,680
candle
425
00:14:27,360 --> 00:14:30,560
do you guys know the answer to that i'll
426
00:14:28,959 --> 00:14:32,560
give you guys a few minutes
427
00:14:30,560 --> 00:14:34,720
a few seconds to to figure out the
428
00:14:32,560 --> 00:14:39,519
question the answer okay
429
00:14:34,720 --> 00:14:43,519
how many 30 minute candles
430
00:14:39,519 --> 00:14:45,360
would form a two-hour candle okay
431
00:14:43,519 --> 00:14:48,000
how let's just keep asking you guys a
432
00:14:45,360 --> 00:14:53,519
bunch of questions all right
433
00:14:48,000 --> 00:14:53,519
how many two hour candles
434
00:14:54,000 --> 00:14:59,120
would form a six
435
00:14:57,199 --> 00:15:00,720
hour or sorry a four hour candle we'll
436
00:14:59,120 --> 00:15:02,639
say okay
437
00:15:00,720 --> 00:15:04,000
how many i'm just going to keep asking
438
00:15:02,639 --> 00:15:05,920
you guys a bunch and i'm going to hope
439
00:15:04,000 --> 00:15:10,000
that we're going to go over it together
440
00:15:05,920 --> 00:15:13,120
how many two hour candles
441
00:15:10,000 --> 00:15:16,639
would form a daily candle
442
00:15:13,120 --> 00:15:21,199
okay how many four hour candles
443
00:15:16,639 --> 00:15:24,480
would form a daily candle okay
444
00:15:21,199 --> 00:15:28,880
how many five minute candles
445
00:15:24,480 --> 00:15:28,880
would form a one hour candle
446
00:15:29,279 --> 00:15:37,040
how many 15 minute candles
447
00:15:32,800 --> 00:15:41,600
would form a two-hour candle
448
00:15:37,040 --> 00:15:45,279
how many say we'll say 30-minute candles
449
00:15:41,600 --> 00:15:48,720
would form a four-hour candle
450
00:15:45,279 --> 00:15:49,360
so think of it like this okay every time
451
00:15:48,720 --> 00:15:51,839
you have
452
00:15:49,360 --> 00:15:54,240
whatever candle you have like let's say
453
00:15:51,839 --> 00:15:55,600
a 15-minute candle whoops i actually
454
00:15:54,240 --> 00:15:56,399
wrote this one let's just make up a new
455
00:15:55,600 --> 00:15:59,519
one here
456
00:15:56,399 --> 00:16:02,480
would form a let's say
457
00:15:59,519 --> 00:16:02,880
how many five minute candles actually
458
00:16:02,480 --> 00:16:05,440
help
459
00:16:02,880 --> 00:16:07,680
we'll see how many 30 minute candles
460
00:16:05,440 --> 00:16:11,040
would form a
461
00:16:07,680 --> 00:16:13,839
daily candle we'll say okay for this one
462
00:16:11,040 --> 00:16:14,880
so you have to think of it like this
463
00:16:13,839 --> 00:16:18,720
okay
464
00:16:14,880 --> 00:16:22,240
in 15 minutes there would be
465
00:16:18,720 --> 00:16:25,279
15 one minute candles
466
00:16:22,240 --> 00:16:28,399
right so in every for example
467
00:16:25,279 --> 00:16:31,759
15 minute there would be three
468
00:16:28,399 --> 00:16:34,880
five minute candles or there would be
469
00:16:31,759 --> 00:16:38,000
five three minute candles right so
470
00:16:34,880 --> 00:16:40,320
each one of these candles depending on
471
00:16:38,000 --> 00:16:43,199
the time frame that you're in
472
00:16:40,320 --> 00:16:44,240
will represent a different amount of
473
00:16:43,199 --> 00:16:47,120
candles
474
00:16:44,240 --> 00:16:48,800
from the lower time frames so let's go
475
00:16:47,120 --> 00:16:51,440
over this first of all guys
476
00:16:48,800 --> 00:16:53,680
how many 15-minute candles would be
477
00:16:51,440 --> 00:16:55,519
would form a 30-minute candle
478
00:16:53,680 --> 00:16:57,360
this is division that's what we'll be
479
00:16:55,519 --> 00:16:59,839
doing we'll be doing some basic math
480
00:16:57,360 --> 00:16:59,839
here okay
481
00:17:00,800 --> 00:17:04,319
if you guys said two right on okay right
482
00:17:03,680 --> 00:17:08,079
on
483
00:17:04,319 --> 00:17:10,959
so there would be two 15 minute candles
484
00:17:08,079 --> 00:17:12,480
in a 30 minute candle so let's do a
485
00:17:10,959 --> 00:17:15,520
harder one now okay
486
00:17:12,480 --> 00:17:16,319
how many 30 minute candles would
487
00:17:15,520 --> 00:17:20,000
actually form
488
00:17:16,319 --> 00:17:22,000
a daily candle right
489
00:17:20,000 --> 00:17:23,439
so if you think of a daily candle how
490
00:17:22,000 --> 00:17:26,959
many hours are in a day
491
00:17:23,439 --> 00:17:29,600
there's 24 so how many half hours
492
00:17:26,959 --> 00:17:29,600
would there be
493
00:17:31,600 --> 00:17:39,280
there would be 48 right because there
494
00:17:35,360 --> 00:17:42,240
since there are 24 one hour candles
495
00:17:39,280 --> 00:17:43,039
in a daily candle and since there are
496
00:17:42,240 --> 00:17:46,000
two
497
00:17:43,039 --> 00:17:46,559
30-minute candles in each daily or sorry
498
00:17:46,000 --> 00:17:48,720
in each
499
00:17:46,559 --> 00:17:50,400
one hour candle then that would mean
500
00:17:48,720 --> 00:17:51,760
that there would be twice as many right
501
00:17:50,400 --> 00:17:54,799
so we would take two
502
00:17:51,760 --> 00:17:57,919
times 24 to get 48
503
00:17:54,799 --> 00:18:00,799
day 30 minute candles in a daily candle
504
00:17:57,919 --> 00:18:03,039
so how many two candles would form a
505
00:18:00,799 --> 00:18:04,960
four-hour candle
506
00:18:03,039 --> 00:18:07,039
you would actually get two two-hour
507
00:18:04,960 --> 00:18:07,840
candles that would form a four-hour
508
00:18:07,039 --> 00:18:10,480
candle
509
00:18:07,840 --> 00:18:11,919
so how many two-hour candles would form
510
00:18:10,480 --> 00:18:13,840
a daily candle
511
00:18:11,919 --> 00:18:15,919
so first of all you think of it like how
512
00:18:13,840 --> 00:18:19,200
many hours are in a day
513
00:18:15,919 --> 00:18:19,200
right there's 24
514
00:18:19,280 --> 00:18:24,480
and then you take 24 divided by 2 and
515
00:18:21,919 --> 00:18:26,960
what do you get
516
00:18:24,480 --> 00:18:28,320
yeah if you said 12 you got it there'd
517
00:18:26,960 --> 00:18:31,440
be 12
518
00:18:28,320 --> 00:18:32,160
two hour candles that form a daily so
519
00:18:31,440 --> 00:18:35,200
how many
520
00:18:32,160 --> 00:18:37,679
four hour candles would form a daily
521
00:18:35,200 --> 00:18:37,679
candle
522
00:18:38,559 --> 00:18:42,320
yeah six if you said six you got it how
523
00:18:41,679 --> 00:18:45,679
many
524
00:18:42,320 --> 00:18:46,559
five minute candles would form a one
525
00:18:45,679 --> 00:18:49,840
hour candle
526
00:18:46,559 --> 00:18:52,640
guys it'd be 12
527
00:18:49,840 --> 00:18:52,960
right because they're 60 minutes so you
528
00:18:52,640 --> 00:18:56,000
take
529
00:18:52,960 --> 00:18:57,600
60 divided by 5 that'd be twelve so
530
00:18:56,000 --> 00:19:00,880
let's go to harder ones okay
531
00:18:57,600 --> 00:19:05,039
how many 15 minute candles
532
00:19:00,880 --> 00:19:05,039
would form a two-hour candle now
533
00:19:06,080 --> 00:19:09,200
so you think of it like this okay how
534
00:19:07,840 --> 00:19:12,160
many quarters are there
535
00:19:09,200 --> 00:19:14,400
per hour there would be four quarters
536
00:19:12,160 --> 00:19:17,360
right or four or 15 minutes
537
00:19:14,400 --> 00:19:18,080
so that would be per hour so over two
538
00:19:17,360 --> 00:19:22,240
hours
539
00:19:18,080 --> 00:19:25,280
there would be eight right so how many
540
00:19:22,240 --> 00:19:27,760
30 minute candles would form a four-hour
541
00:19:25,280 --> 00:19:27,760
candle
542
00:19:28,880 --> 00:19:32,400
this one would be eighth as well because
543
00:19:31,600 --> 00:19:35,679
there's
544
00:19:32,400 --> 00:19:36,559
two halves in every hour so that's two
545
00:19:35,679 --> 00:19:39,039
per hour
546
00:19:36,559 --> 00:19:40,480
multiplied by four that's eight now let
547
00:19:39,039 --> 00:19:41,679
me ask you guys a hard one which i
548
00:19:40,480 --> 00:19:42,960
really don't think you guys are gonna
549
00:19:41,679 --> 00:19:45,039
get this one okay
550
00:19:42,960 --> 00:19:46,000
i don't think you guys can get this one
551
00:19:45,039 --> 00:19:50,960
how many five
552
00:19:46,000 --> 00:19:52,799
minute candles are in a daily candle
553
00:19:50,960 --> 00:19:55,679
i'm going to give you guys a few seconds
554
00:19:52,799 --> 00:19:55,679
for this one okay
555
00:19:57,600 --> 00:20:01,120
if you guys get this one you guys are
556
00:19:59,039 --> 00:20:04,159
going to understand very well
557
00:20:01,120 --> 00:20:06,159
how these candles break down and why we
558
00:20:04,159 --> 00:20:09,039
look at different time frames
559
00:20:06,159 --> 00:20:09,360
and we will get over the significance as
560
00:20:09,039 --> 00:20:11,440
well
561
00:20:09,360 --> 00:20:13,039
of why we need to look at all of them
562
00:20:11,440 --> 00:20:15,200
and how they correlate
563
00:20:13,039 --> 00:20:17,600
and how they make sense when we look at
564
00:20:15,200 --> 00:20:21,840
each one
565
00:20:17,600 --> 00:20:23,840
did you guys get it yet
566
00:20:21,840 --> 00:20:26,240
okay i'm not giving you guys more time
567
00:20:23,840 --> 00:20:28,559
let's think of it like this first okay
568
00:20:26,240 --> 00:20:29,520
we gotta break it down by asking this
569
00:20:28,559 --> 00:20:32,880
okay
570
00:20:29,520 --> 00:20:36,720
how many five minute candles are in an
571
00:20:32,880 --> 00:20:39,120
hourly candle right
572
00:20:36,720 --> 00:20:40,400
so we answered this one already and
573
00:20:39,120 --> 00:20:44,000
there are 12
574
00:20:40,400 --> 00:20:47,360
candles 12
575
00:20:44,000 --> 00:20:50,559
5 minute candles in
576
00:20:47,360 --> 00:20:54,559
each hourly candle right so
577
00:20:50,559 --> 00:20:59,039
if there's 12 candles
578
00:20:54,559 --> 00:21:01,840
per hour and there are 24 hours
579
00:20:59,039 --> 00:21:04,720
then we would just take 12 times 24
580
00:21:01,840 --> 00:21:09,280
right and what would that be
581
00:21:04,720 --> 00:21:12,320
yeah if you guys said 228 or 288 rather
582
00:21:09,280 --> 00:21:16,320
five there are 258
583
00:21:12,320 --> 00:21:18,640
five minute candles in each daily candle
584
00:21:16,320 --> 00:21:20,159
okay isn't that crazy when you think
585
00:21:18,640 --> 00:21:22,640
about that guys right
586
00:21:20,159 --> 00:21:24,480
that's crazy right you guys can review
587
00:21:22,640 --> 00:21:25,760
this and rewind it or pause it if you
588
00:21:24,480 --> 00:21:27,840
want some more time
589
00:21:25,760 --> 00:21:30,640
so when you think about this one little
590
00:21:27,840 --> 00:21:31,840
candle so we're on a daily candle right
591
00:21:30,640 --> 00:21:35,360
now okay
592
00:21:31,840 --> 00:21:38,640
we are on a daily candle right now okay
593
00:21:35,360 --> 00:21:40,880
and in the daily candle there are
594
00:21:38,640 --> 00:21:42,080
if we were to look at it on a five
595
00:21:40,880 --> 00:21:44,320
minute time frame
596
00:21:42,080 --> 00:21:45,520
okay let's just say we looked at just
597
00:21:44,320 --> 00:21:48,159
yesterday right there
598
00:21:45,520 --> 00:21:50,640
right just yesterday that happened if i
599
00:21:48,159 --> 00:21:54,080
went to a five minute candle
600
00:21:50,640 --> 00:21:56,480
just to see yesterday if i went
601
00:21:54,080 --> 00:21:57,440
if i looked at this whole section right
602
00:21:56,480 --> 00:22:01,039
here okay
603
00:21:57,440 --> 00:22:02,559
this is from may 6 all the way to may 7
604
00:22:01,039 --> 00:22:06,240
right there
605
00:22:02,559 --> 00:22:10,840
this whole section right here
606
00:22:06,240 --> 00:22:13,360
there's 288 candles that's right
607
00:22:10,840 --> 00:22:15,280
288.5 candles
608
00:22:13,360 --> 00:22:17,440
and you actually see it go up and you
609
00:22:15,280 --> 00:22:18,720
see it go down and you see go up and you
610
00:22:17,440 --> 00:22:21,679
see it go down
611
00:22:18,720 --> 00:22:23,919
more down than up of course and all of
612
00:22:21,679 --> 00:22:25,280
these candles right here
613
00:22:23,919 --> 00:22:27,440
if you were to look at it throughout the
614
00:22:25,280 --> 00:22:30,720
day on a 15-minute chart
615
00:22:27,440 --> 00:22:32,039
right on a 15-minute chart instead of
616
00:22:30,720 --> 00:22:34,880
seeing
617
00:22:32,039 --> 00:22:38,240
288 candles in
618
00:22:34,880 --> 00:22:41,280
one single day you would actually see
619
00:22:38,240 --> 00:22:44,880
four times because there's only four
620
00:22:41,280 --> 00:22:46,080
15-minute candles per day right or per
621
00:22:44,880 --> 00:22:49,440
hour right so you would see
622
00:22:46,080 --> 00:22:50,600
four multiplied by 24. so you would
623
00:22:49,440 --> 00:22:54,559
actually see
624
00:22:50,600 --> 00:22:55,600
96 candles instead right in one specific
625
00:22:54,559 --> 00:22:57,840
day
626
00:22:55,600 --> 00:22:59,200
so as you break it down closer and
627
00:22:57,840 --> 00:23:01,200
closer to a higher time
628
00:22:59,200 --> 00:23:03,360
frame you're actually seeing less
629
00:23:01,200 --> 00:23:05,760
candles but if you wanted to see
630
00:23:03,360 --> 00:23:06,400
on a very small picture of everything
631
00:23:05,760 --> 00:23:09,600
going on
632
00:23:06,400 --> 00:23:10,159
right you would actually look at it you
633
00:23:09,600 --> 00:23:12,400
want to be
634
00:23:10,159 --> 00:23:14,640
on earth okay you want to be on earth
635
00:23:12,400 --> 00:23:16,880
you want to go there in high detail and
636
00:23:14,640 --> 00:23:20,320
find out what is going on in for example
637
00:23:16,880 --> 00:23:22,240
japan or in california or in australia
638
00:23:20,320 --> 00:23:23,360
you're literally there on a five minute
639
00:23:22,240 --> 00:23:25,520
time frame and you can see
640
00:23:23,360 --> 00:23:27,120
everything around you you can see all
641
00:23:25,520 --> 00:23:28,640
the small ups and downs
642
00:23:27,120 --> 00:23:30,240
now let's say you didn't care about the
643
00:23:28,640 --> 00:23:33,280
ups and downs as much
644
00:23:30,240 --> 00:23:35,520
so now you would only see 96 candles
645
00:23:33,280 --> 00:23:36,480
let's say you went to a 30-minute chart
646
00:23:35,520 --> 00:23:38,480
okay
647
00:23:36,480 --> 00:23:39,760
if you went to a 30-minute chart on a
648
00:23:38,480 --> 00:23:42,640
daily
649
00:23:39,760 --> 00:23:44,400
what you would see is actually you would
650
00:23:42,640 --> 00:23:47,520
see only 24
651
00:23:44,400 --> 00:23:50,799
candles oh sorry you'd see 48 candles
652
00:23:47,520 --> 00:23:51,600
only right 48 candles because there are
653
00:23:50,799 --> 00:23:54,799
48
654
00:23:51,600 --> 00:23:55,360
halves in each day but what they all
655
00:23:54,799 --> 00:23:58,080
tell you
656
00:23:55,360 --> 00:24:00,000
is actually the same story it's just
657
00:23:58,080 --> 00:24:00,799
that when you look at it on a small
658
00:24:00,000 --> 00:24:03,200
picture
659
00:24:00,799 --> 00:24:04,000
it will actually tell you on a smaller
660
00:24:03,200 --> 00:24:07,120
time frame
661
00:24:04,000 --> 00:24:09,440
and with more detail what is happening
662
00:24:07,120 --> 00:24:10,240
okay that's important to understand so
663
00:24:09,440 --> 00:24:13,600
if you go to an
664
00:24:10,240 --> 00:24:14,720
hourly chart well there's only 24 hours
665
00:24:13,600 --> 00:24:16,880
in a day
666
00:24:14,720 --> 00:24:18,880
so because there's only 24 hours in a
667
00:24:16,880 --> 00:24:22,320
day you're only going to see
668
00:24:18,880 --> 00:24:23,600
24 candles right now if we went to a
669
00:24:22,320 --> 00:24:26,480
two-hour chart
670
00:24:23,600 --> 00:24:28,080
we would actually only see 12 candles
671
00:24:26,480 --> 00:24:29,120
that would actually reflect the entire
672
00:24:28,080 --> 00:24:31,520
day count with me
673
00:24:29,120 --> 00:24:32,559
one two or so you would yeah you would
674
00:24:31,520 --> 00:24:35,600
see twelve one
675
00:24:32,559 --> 00:24:38,720
two three four five six
676
00:24:35,600 --> 00:24:40,240
seven eight nine ten eleven and twelve
677
00:24:38,720 --> 00:24:42,480
and we're done the date
678
00:24:40,240 --> 00:24:43,279
if you go to a three hour you would
679
00:24:42,480 --> 00:24:45,919
actually only see
680
00:24:43,279 --> 00:24:46,720
eight candles right which reflected the
681
00:24:45,919 --> 00:24:50,080
entire day
682
00:24:46,720 --> 00:24:52,960
one two three four five six
683
00:24:50,080 --> 00:24:54,240
seven eight if you went to a four hour
684
00:24:52,960 --> 00:24:57,360
you would only see
685
00:24:54,240 --> 00:25:00,640
six because there are only six one
686
00:24:57,360 --> 00:25:01,760
six of four hour candles in a day and on
687
00:25:00,640 --> 00:25:04,080
a daily chart
688
00:25:01,760 --> 00:25:04,880
when you summarize everything that has
689
00:25:04,080 --> 00:25:07,679
happened
690
00:25:04,880 --> 00:25:09,360
what you actually see is just this guy
691
00:25:07,679 --> 00:25:11,360
right here
692
00:25:09,360 --> 00:25:12,960
just this one candle on the left right
693
00:25:11,360 --> 00:25:14,640
there so
694
00:25:12,960 --> 00:25:16,159
if we're looking at it on a 30-minute
695
00:25:14,640 --> 00:25:18,320
chart for example
696
00:25:16,159 --> 00:25:19,360
we can see it's going it's going down
697
00:25:18,320 --> 00:25:22,720
then up
698
00:25:19,360 --> 00:25:25,760
down then up down up down up
699
00:25:22,720 --> 00:25:26,640
down up down and then if we actually
700
00:25:25,760 --> 00:25:28,960
didn't care
701
00:25:26,640 --> 00:25:30,080
about seeing all of this in much more
702
00:25:28,960 --> 00:25:32,880
detail
703
00:25:30,080 --> 00:25:34,320
sometimes it's important sometimes we
704
00:25:32,880 --> 00:25:36,799
want to see what's happening
705
00:25:34,320 --> 00:25:37,679
on a small time frame and also on a big
706
00:25:36,799 --> 00:25:39,919
time frame
707
00:25:37,679 --> 00:25:41,039
which we actually need to discuss as
708
00:25:39,919 --> 00:25:43,120
well okay guys
709
00:25:41,039 --> 00:25:44,320
we need to discuss the importance of
710
00:25:43,120 --> 00:25:46,559
these time frames
711
00:25:44,320 --> 00:25:47,520
and what time frame you guys should be
712
00:25:46,559 --> 00:25:49,600
looking at
713
00:25:47,520 --> 00:25:52,000
so for example remember how we were
714
00:25:49,600 --> 00:25:54,320
defining what a day trader is
715
00:25:52,000 --> 00:25:56,799
what a swing trader is and what an
716
00:25:54,320 --> 00:25:59,120
investor is as well right
717
00:25:56,799 --> 00:25:59,840
an investor think about why they would
718
00:25:59,120 --> 00:26:02,400
even care
719
00:25:59,840 --> 00:26:03,520
about looking at a very small time frame
720
00:26:02,400 --> 00:26:05,679
an investor
721
00:26:03,520 --> 00:26:06,880
likes to look at things from the very
722
00:26:05,679 --> 00:26:08,799
big perspective
723
00:26:06,880 --> 00:26:10,240
right they look at it from the really
724
00:26:08,799 --> 00:26:12,480
large perspective of
725
00:26:10,240 --> 00:26:14,320
everything going on in the grand scheme
726
00:26:12,480 --> 00:26:16,400
of things and they don't care about the
727
00:26:14,320 --> 00:26:16,960
small ups and the small downs that
728
00:26:16,400 --> 00:26:18,960
happens
729
00:26:16,960 --> 00:26:20,559
throughout the day right they don't care
730
00:26:18,960 --> 00:26:23,360
about the 30-minute chart
731
00:26:20,559 --> 00:26:24,880
so they would only be looking perhaps on
732
00:26:23,360 --> 00:26:26,720
on the you know the daily
733
00:26:24,880 --> 00:26:28,640
you know they'd look at daily charts
734
00:26:26,720 --> 00:26:29,279
maybe they would look at weekly charts
735
00:26:28,640 --> 00:26:31,600
as well
736
00:26:29,279 --> 00:26:33,600
right because they don't really care
737
00:26:31,600 --> 00:26:35,760
about day trading like you and i
738
00:26:33,600 --> 00:26:37,279
but let's say a swing trader a swing
739
00:26:35,760 --> 00:26:40,320
trader might be
740
00:26:37,279 --> 00:26:41,679
much more interested than trading on a
741
00:26:40,320 --> 00:26:43,600
smaller time frame
742
00:26:41,679 --> 00:26:46,320
so what they'll do is they'll look for
743
00:26:43,600 --> 00:26:49,440
example on a four hour chart perhaps
744
00:26:46,320 --> 00:26:50,880
or they'll look on a two-hour chart or
745
00:26:49,440 --> 00:26:53,039
even a daily chart
746
00:26:50,880 --> 00:26:54,960
but the last thing that a swing trader
747
00:26:53,039 --> 00:26:58,159
and the definition of a swing trader
748
00:26:54,960 --> 00:27:01,200
is somebody who takes a position perhaps
749
00:26:58,159 --> 00:27:02,480
just a few times a week and they swing
750
00:27:01,200 --> 00:27:04,880
it throughout the days
751
00:27:02,480 --> 00:27:06,159
right so they don't only trade in that
752
00:27:04,880 --> 00:27:09,200
specific day
753
00:27:06,159 --> 00:27:11,039
they'll hold longer term positions and
754
00:27:09,200 --> 00:27:13,520
they will care about the bigger
755
00:27:11,039 --> 00:27:14,240
swings rather than the small ups and
756
00:27:13,520 --> 00:27:16,480
downs
757
00:27:14,240 --> 00:27:18,000
right and so they might even hold their
758
00:27:16,480 --> 00:27:20,159
position for up to a week
759
00:27:18,000 --> 00:27:21,520
or even two that's what a swing trader
760
00:27:20,159 --> 00:27:25,360
is now what i
761
00:27:21,520 --> 00:27:29,039
am is a day trader so what a day trader
762
00:27:25,360 --> 00:27:32,320
focuses on is i personally believe
763
00:27:29,039 --> 00:27:34,159
that day trading can be
764
00:27:32,320 --> 00:27:35,760
very profitable compared to other
765
00:27:34,159 --> 00:27:37,200
methods especially when you have a
766
00:27:35,760 --> 00:27:39,600
smaller amount of money
767
00:27:37,200 --> 00:27:40,240
and it's also more fun it's also more
768
00:27:39,600 --> 00:27:42,799
thrilling
769
00:27:40,240 --> 00:27:43,440
as well i personally believe that there
770
00:27:42,799 --> 00:27:46,000
are many
771
00:27:43,440 --> 00:27:46,960
ups and downs throughout the day and if
772
00:27:46,000 --> 00:27:50,000
we played it
773
00:27:46,960 --> 00:27:51,120
on for example a daily chart we can
774
00:27:50,000 --> 00:27:54,080
easily find
775
00:27:51,120 --> 00:27:55,919
reasons to make more profitable trades
776
00:27:54,080 --> 00:27:57,440
because we can catch these tiny little
777
00:27:55,919 --> 00:27:59,039
ups and downs right
778
00:27:57,440 --> 00:28:00,720
so depending on the time frame that
779
00:27:59,039 --> 00:28:03,440
you're looking at they all
780
00:28:00,720 --> 00:28:04,880
tell the same story okay they all tell
781
00:28:03,440 --> 00:28:07,919
the exact same story
782
00:28:04,880 --> 00:28:09,279
but one is basically a summary think of
783
00:28:07,919 --> 00:28:11,120
it like that okay
784
00:28:09,279 --> 00:28:12,320
if you look at the 15-minute chart you
785
00:28:11,120 --> 00:28:14,960
see a lot going on
786
00:28:12,320 --> 00:28:16,880
right lots going on but let's say you
787
00:28:14,960 --> 00:28:18,960
went to a higher time frame
788
00:28:16,880 --> 00:28:19,919
when you say low time frame it means a
789
00:28:18,960 --> 00:28:21,840
low number
790
00:28:19,919 --> 00:28:23,039
when you say a higher time frame it
791
00:28:21,840 --> 00:28:26,000
means a higher
792
00:28:23,039 --> 00:28:27,760
number a bigger time frame see so for
793
00:28:26,000 --> 00:28:28,320
example if we looked on the two-hour
794
00:28:27,760 --> 00:28:31,520
chart
795
00:28:28,320 --> 00:28:34,640
it's basically summarizing all
796
00:28:31,520 --> 00:28:36,399
of the smaller time frames right so if i
797
00:28:34,640 --> 00:28:37,440
went to an even bigger time frame now
798
00:28:36,399 --> 00:28:39,520
like the daily
799
00:28:37,440 --> 00:28:40,960
from the two hour the daily is pretty
800
00:28:39,520 --> 00:28:42,960
much summarizing
801
00:28:40,960 --> 00:28:44,720
what has happened throughout that
802
00:28:42,960 --> 00:28:46,720
specific day
803
00:28:44,720 --> 00:28:47,760
so if you're a day trader you don't
804
00:28:46,720 --> 00:28:49,919
really care
805
00:28:47,760 --> 00:28:51,600
too much about looking at things like
806
00:28:49,919 --> 00:28:52,320
the for example you know the two hour
807
00:28:51,600 --> 00:28:55,520
chart
808
00:28:52,320 --> 00:28:56,480
or even um even a four like you do care
809
00:28:55,520 --> 00:28:58,159
about looking at it
810
00:28:56,480 --> 00:29:00,159
but they're not as important as looking
811
00:28:58,159 --> 00:29:03,039
as really high time frames
812
00:29:00,159 --> 00:29:05,279
so what i personally look at is the is
813
00:29:03,039 --> 00:29:07,520
the honestly the one minute sometimes
814
00:29:05,279 --> 00:29:08,640
the three minute the 15 minute and the
815
00:29:07,520 --> 00:29:11,360
30 minute chart
816
00:29:08,640 --> 00:29:13,679
mainly okay those are my go-to numbers
817
00:29:11,360 --> 00:29:15,919
that i would usually look at
818
00:29:13,679 --> 00:29:16,880
because i like to play all of the small
819
00:29:15,919 --> 00:29:19,679
bounces
820
00:29:16,880 --> 00:29:20,159
so let's look at what's going on with
821
00:29:19,679 --> 00:29:22,559
any
822
00:29:20,159 --> 00:29:24,399
coin right now okay let's start with
823
00:29:22,559 --> 00:29:27,520
bitcoin first okay
824
00:29:24,399 --> 00:29:28,559
we see right now that in the past
825
00:29:27,520 --> 00:29:30,880
for example let's start on the
826
00:29:28,559 --> 00:29:32,559
five-minute chart right we see that in
827
00:29:30,880 --> 00:29:34,480
the five-minute chart right now
828
00:29:32,559 --> 00:29:36,080
and keep in mind that three of these
829
00:29:34,480 --> 00:29:39,120
five-minute candles
830
00:29:36,080 --> 00:29:40,080
actually form a 15-minute candle and if
831
00:29:39,120 --> 00:29:42,320
you guys look at the
832
00:29:40,080 --> 00:29:44,320
countdown on the right over here it
833
00:29:42,320 --> 00:29:47,360
actually gives us a number right
834
00:29:44,320 --> 00:29:49,919
it gives us a number and a countdown
835
00:29:47,360 --> 00:29:51,120
to when the candle formations will
836
00:29:49,919 --> 00:29:53,200
actually finish
837
00:29:51,120 --> 00:29:55,440
so when this countdown actually reaches
838
00:29:53,200 --> 00:29:56,080
zero that is when the candle is going to
839
00:29:55,440 --> 00:29:58,799
form
840
00:29:56,080 --> 00:30:00,880
and the significance of this is that a
841
00:29:58,799 --> 00:30:02,640
lot of traders will actually wait for
842
00:30:00,880 --> 00:30:05,120
these candles to form
843
00:30:02,640 --> 00:30:06,559
because keep in mind that the candles
844
00:30:05,120 --> 00:30:08,880
tell us the price
845
00:30:06,559 --> 00:30:09,600
action and when it tells us the price
846
00:30:08,880 --> 00:30:12,320
action
847
00:30:09,600 --> 00:30:14,559
we use the history of these specific
848
00:30:12,320 --> 00:30:17,279
coins so we can predict the future
849
00:30:14,559 --> 00:30:18,559
it also gives us the momentum at that
850
00:30:17,279 --> 00:30:20,720
specific time
851
00:30:18,559 --> 00:30:22,320
so when we have the momentum carrying
852
00:30:20,720 --> 00:30:25,039
forward to the next candle
853
00:30:22,320 --> 00:30:26,640
it might actually allow us to gauge what
854
00:30:25,039 --> 00:30:29,039
could happen in the future
855
00:30:26,640 --> 00:30:32,000
so this is why we're always looking at
856
00:30:29,039 --> 00:30:33,840
coins on different time frames okay
857
00:30:32,000 --> 00:30:36,159
so let's look at for example let's not
858
00:30:33,840 --> 00:30:38,399
look at the five minute too much okay
859
00:30:36,159 --> 00:30:40,559
let's look at the 15-minute chart we
860
00:30:38,399 --> 00:30:44,720
notice that the 15-minute chart
861
00:30:40,559 --> 00:30:47,360
has about four minutes left to form
862
00:30:44,720 --> 00:30:48,720
because it has four minutes left to form
863
00:30:47,360 --> 00:30:51,120
we also know
864
00:30:48,720 --> 00:30:52,960
that well if it's only four minutes left
865
00:30:51,120 --> 00:30:56,000
to form
866
00:30:52,960 --> 00:30:56,880
excuse me prior to that we can say okay
867
00:30:56,000 --> 00:30:59,120
well
868
00:30:56,880 --> 00:31:00,640
two five minute candles have already
869
00:30:59,120 --> 00:31:03,360
formed and the next
870
00:31:00,640 --> 00:31:04,000
five minute candle will actually form
871
00:31:03,360 --> 00:31:06,559
part of the
872
00:31:04,000 --> 00:31:08,000
15-minute candle right so we go the
873
00:31:06,559 --> 00:31:09,919
30-minute candle
874
00:31:08,000 --> 00:31:12,159
we say okay there's actually three
875
00:31:09,919 --> 00:31:14,880
minutes left to form right now
876
00:31:12,159 --> 00:31:15,840
so then we know that one 15-minute
877
00:31:14,880 --> 00:31:18,000
candle
878
00:31:15,840 --> 00:31:19,120
this one right here previously is
879
00:31:18,000 --> 00:31:21,679
already adding
880
00:31:19,120 --> 00:31:23,120
to that 30 minute candle and this one
881
00:31:21,679 --> 00:31:25,519
that's just about the form
882
00:31:23,120 --> 00:31:26,799
will also contribute to this candle
883
00:31:25,519 --> 00:31:29,039
that's forming right
884
00:31:26,799 --> 00:31:31,600
then if we go to the two hour we have
885
00:31:29,039 --> 00:31:32,000
another 33 minutes for this candle to
886
00:31:31,600 --> 00:31:35,039
form
887
00:31:32,000 --> 00:31:38,159
right so we see on for example
888
00:31:35,039 --> 00:31:41,919
a 15 minute chart right here we see
889
00:31:38,159 --> 00:31:44,399
that these two candles right here right
890
00:31:41,919 --> 00:31:46,480
when you combine both of these candles
891
00:31:44,399 --> 00:31:49,039
both of these candles this one
892
00:31:46,480 --> 00:31:50,960
okay i'm just gonna put an arrow for you
893
00:31:49,039 --> 00:31:51,679
guys to see that one and that one right
894
00:31:50,960 --> 00:31:54,080
there
895
00:31:51,679 --> 00:31:55,440
these two candles are actually going to
896
00:31:54,080 --> 00:31:58,080
be forming
897
00:31:55,440 --> 00:31:59,600
one of these candles right here okay do
898
00:31:58,080 --> 00:32:01,360
you guys see what i'm talking about
899
00:31:59,600 --> 00:32:03,760
notice how this is on top of together
900
00:32:01,360 --> 00:32:05,440
like that but notice how down here
901
00:32:03,760 --> 00:32:06,880
it's just looking like that right
902
00:32:05,440 --> 00:32:08,799
there's one on each one
903
00:32:06,880 --> 00:32:10,640
but if we actually go to 30 minute both
904
00:32:08,799 --> 00:32:11,440
of these arrows are actually combined
905
00:32:10,640 --> 00:32:14,399
together
906
00:32:11,440 --> 00:32:15,760
right makes sense so let's say i went to
907
00:32:14,399 --> 00:32:18,240
the hourly chart
908
00:32:15,760 --> 00:32:19,760
so both of these candles right now will
909
00:32:18,240 --> 00:32:21,279
actually form
910
00:32:19,760 --> 00:32:24,880
oh actually sorry i was wrong about that
911
00:32:21,279 --> 00:32:27,760
one uh let's go to the
912
00:32:24,880 --> 00:32:28,000
two hour so the two hour candle we know
913
00:32:27,760 --> 00:32:30,640
that
914
00:32:28,000 --> 00:32:31,679
because there's only 32 minutes left
915
00:32:30,640 --> 00:32:34,240
that in the one
916
00:32:31,679 --> 00:32:34,799
hour this one actually accounted for it
917
00:32:34,240 --> 00:32:36,880
already
918
00:32:34,799 --> 00:32:38,960
okay this one right there and this one
919
00:32:36,880 --> 00:32:41,600
that's about to form will also
920
00:32:38,960 --> 00:32:42,080
add to it so these two candles will
921
00:32:41,600 --> 00:32:46,080
actually
922
00:32:42,080 --> 00:32:48,480
combine to make a single two-hour candle
923
00:32:46,080 --> 00:32:50,399
right that's what it's trying to tell us
924
00:32:48,480 --> 00:32:53,039
so if we go to for example a
925
00:32:50,399 --> 00:32:54,559
four-hour candle right we know that in
926
00:32:53,039 --> 00:32:56,880
the four-hour candle
927
00:32:54,559 --> 00:32:58,480
uh there's still a lot of ways to go
928
00:32:56,880 --> 00:33:00,000
right now still okay
929
00:32:58,480 --> 00:33:02,480
so on the daily there's still a lot of
930
00:33:00,000 --> 00:33:04,960
ways to go as well so the reason why we
931
00:33:02,480 --> 00:33:07,919
look at these is because sometimes
932
00:33:04,960 --> 00:33:08,399
different clues are given in different
933
00:33:07,919 --> 00:33:11,360
time
934
00:33:08,399 --> 00:33:12,480
frames right so right now there's not
935
00:33:11,360 --> 00:33:14,799
too many clues
936
00:33:12,480 --> 00:33:16,159
that are giving us signs of support so
937
00:33:14,799 --> 00:33:19,360
what we like to do
938
00:33:16,159 --> 00:33:22,480
is go back and forth to each time frame
939
00:33:19,360 --> 00:33:23,519
to see if we are finding support on a
940
00:33:22,480 --> 00:33:25,919
small level
941
00:33:23,519 --> 00:33:26,559
or if we are finding support on a big
942
00:33:25,919 --> 00:33:29,519
level
943
00:33:26,559 --> 00:33:30,240
so just as an example right here what
944
00:33:29,519 --> 00:33:32,640
we're finding
945
00:33:30,240 --> 00:33:34,640
is that there's actually some temporary
946
00:33:32,640 --> 00:33:37,120
support right now already okay
947
00:33:34,640 --> 00:33:38,159
there's temporary support on a three
948
00:33:37,120 --> 00:33:40,480
hour candle
949
00:33:38,159 --> 00:33:41,440
it looks really good right now so
950
00:33:40,480 --> 00:33:43,840
overall
951
00:33:41,440 --> 00:33:45,120
in the grand scheme of things in the
952
00:33:43,840 --> 00:33:47,760
bigger picture
953
00:33:45,120 --> 00:33:48,799
we are actually about to find support
954
00:33:47,760 --> 00:33:50,799
for bitcoin
955
00:33:48,799 --> 00:33:52,399
but on the smaller picture of course
956
00:33:50,799 --> 00:33:55,039
it's gonna wave up and down
957
00:33:52,399 --> 00:33:56,640
up and down up and down but this entire
958
00:33:55,039 --> 00:33:58,880
structure right here okay
959
00:33:56,640 --> 00:34:00,960
let's just let's just say we highlighted
960
00:33:58,880 --> 00:34:03,440
this entire structure right here okay
961
00:34:00,960 --> 00:34:04,080
if we went to a bigger time frame notice
962
00:34:03,440 --> 00:34:06,960
how the
963
00:34:04,080 --> 00:34:07,760
area becomes smaller and smaller and
964
00:34:06,960 --> 00:34:10,879
smaller
965
00:34:07,760 --> 00:34:13,520
and smaller and smaller and smaller
966
00:34:10,879 --> 00:34:15,040
and smaller right do you guys see what
967
00:34:13,520 --> 00:34:17,359
i'm talking about
968
00:34:15,040 --> 00:34:19,359
that whole area that i highlighted right
969
00:34:17,359 --> 00:34:21,520
here this whole thing
970
00:34:19,359 --> 00:34:23,440
is actually forming the three hour
971
00:34:21,520 --> 00:34:26,639
candle because keep in mind
972
00:34:23,440 --> 00:34:30,000
that there's 12 5 minute candles
973
00:34:26,639 --> 00:34:32,960
per one out one hour candle so in a
974
00:34:30,000 --> 00:34:35,040
three hour candle there'd be 12 times 36
975
00:34:32,960 --> 00:34:37,440
right so you guys are gonna definitely
976
00:34:35,040 --> 00:34:38,720
get the difference between these candles
977
00:34:37,440 --> 00:34:40,960
as we're going through it
978
00:34:38,720 --> 00:34:42,240
it just takes a matter of lots and lots
979
00:34:40,960 --> 00:34:44,240
of practice okay
980
00:34:42,240 --> 00:34:45,520
so before the downtrend okay just to
981
00:34:44,240 --> 00:34:49,599
give you guys a really good
982
00:34:45,520 --> 00:34:51,520
idea so before the downtrend right here
983
00:34:49,599 --> 00:34:52,639
right we see this cluster region that
984
00:34:51,520 --> 00:34:54,879
i'm going to highlight
985
00:34:52,639 --> 00:34:56,560
now it may not look like anything on a
986
00:34:54,879 --> 00:34:58,880
very small time frame
987
00:34:56,560 --> 00:35:00,960
but let's see what we can see on
988
00:34:58,880 --> 00:35:02,960
multiple time frames okay
989
00:35:00,960 --> 00:35:05,359
so here it doesn't look like it's doing
990
00:35:02,960 --> 00:35:07,119
anything but if we go to for example a
991
00:35:05,359 --> 00:35:09,680
30-minute chart right here okay
992
00:35:07,119 --> 00:35:11,680
or actually a 15-minute chart we don't
993
00:35:09,680 --> 00:35:14,000
really see that many clues either
994
00:35:11,680 --> 00:35:15,040
but let's say we go to a 30-minute chart
995
00:35:14,000 --> 00:35:18,400
we say to ourselves
996
00:35:15,040 --> 00:35:20,800
wow we actually see this cluster of
997
00:35:18,400 --> 00:35:22,480
candles that's forming to create very
998
00:35:20,800 --> 00:35:24,480
bearish candles
999
00:35:22,480 --> 00:35:26,640
and we're here remember in the previous
1000
00:35:24,480 --> 00:35:27,440
class we were talking about seeing this
1001
00:35:26,640 --> 00:35:30,079
guy here
1002
00:35:27,440 --> 00:35:30,640
that's known as a hanging man right here
1003
00:35:30,079 --> 00:35:33,119
right
1004
00:35:30,640 --> 00:35:33,680
and the hanging man implies that the
1005
00:35:33,119 --> 00:35:35,839
bulls
1006
00:35:33,680 --> 00:35:37,920
are losing the battle the bears have
1007
00:35:35,839 --> 00:35:38,720
simply pushed it down and down and down
1008
00:35:37,920 --> 00:35:40,240
there's the wick
1009
00:35:38,720 --> 00:35:42,560
right and then they've pushed it all the
1010
00:35:40,240 --> 00:35:43,119
way back up right so that is starting to
1011
00:35:42,560 --> 00:35:46,240
imply
1012
00:35:43,119 --> 00:35:49,040
that we're losing steam over the past
1013
00:35:46,240 --> 00:35:51,280
hour in these candles so the five minute
1014
00:35:49,040 --> 00:35:51,920
candles don't really give a lot of clues
1015
00:35:51,280 --> 00:35:54,160
right
1016
00:35:51,920 --> 00:35:55,920
not really that many clues at all but if
1017
00:35:54,160 --> 00:35:57,920
we go to a 30 minute candle it
1018
00:35:55,920 --> 00:35:59,280
definitely is starting to give way and
1019
00:35:57,920 --> 00:36:03,119
then after that
1020
00:35:59,280 --> 00:36:06,079
those 12 or those six candles that form
1021
00:36:03,119 --> 00:36:07,119
a 30 minute candle ended up combining to
1022
00:36:06,079 --> 00:36:10,560
make this very
1023
00:36:07,119 --> 00:36:12,480
bearish doji type of candle so it also
1024
00:36:10,560 --> 00:36:16,480
goes the same thing for rsi
1025
00:36:12,480 --> 00:36:19,200
right for rsi we look at
1026
00:36:16,480 --> 00:36:21,040
on many different time frames on a two
1027
00:36:19,200 --> 00:36:23,200
hour time frame it'll show a different
1028
00:36:21,040 --> 00:36:25,599
rsi than a one hour time frame
1029
00:36:23,200 --> 00:36:27,599
because there's much more data right so
1030
00:36:25,599 --> 00:36:30,240
on a lower time frame we're gonna see
1031
00:36:27,599 --> 00:36:30,640
every single bounce up and down up and
1032
00:36:30,240 --> 00:36:32,640
down
1033
00:36:30,640 --> 00:36:35,280
up and down and that's what a day
1034
00:36:32,640 --> 00:36:37,920
traders bread and butter is guys right
1035
00:36:35,280 --> 00:36:38,880
we look on low time frames and we try to
1036
00:36:37,920 --> 00:36:41,200
look for these
1037
00:36:38,880 --> 00:36:43,040
small little bounces that can actually
1038
00:36:41,200 --> 00:36:46,240
add up to a lot of gains
1039
00:36:43,040 --> 00:36:48,000
because some days guys some days a coin
1040
00:36:46,240 --> 00:36:50,240
may not even move that much
1041
00:36:48,000 --> 00:36:51,760
right like let's see let's say on the
1042
00:36:50,240 --> 00:36:53,680
daily just yesterday
1043
00:36:51,760 --> 00:36:54,880
how much did it move right i'm just
1044
00:36:53,680 --> 00:36:57,440
going to take a guess
1045
00:36:54,880 --> 00:36:58,720
yesterday it only moved five percent as
1046
00:36:57,440 --> 00:37:00,240
you guys could see right there
1047
00:36:58,720 --> 00:37:02,160
right i'm just measuring from the top to
1048
00:37:00,240 --> 00:37:04,480
here but now let's say
1049
00:37:02,160 --> 00:37:05,520
we actually went to a 15-minute chart
1050
00:37:04,480 --> 00:37:08,560
right
1051
00:37:05,520 --> 00:37:10,160
and and um and the daily like
1052
00:37:08,560 --> 00:37:11,520
it was pretty much right here okay i'm
1053
00:37:10,160 --> 00:37:14,720
gonna i'm gonna highlight it actually
1054
00:37:11,520 --> 00:37:16,800
right here okay for you guys
1055
00:37:14,720 --> 00:37:18,480
so that's that's the whole day but we
1056
00:37:16,800 --> 00:37:20,000
noticed on the daily it actually only
1057
00:37:18,480 --> 00:37:22,000
moved five percent right it was very
1058
00:37:20,000 --> 00:37:24,640
very minor that i showed you earlier but
1059
00:37:22,000 --> 00:37:26,720
let's say we went to a 15-minute chart
1060
00:37:24,640 --> 00:37:27,839
and let's say we actually tried to play
1061
00:37:26,720 --> 00:37:29,920
many bounces
1062
00:37:27,839 --> 00:37:31,040
let's see you shorted it right and you
1063
00:37:29,920 --> 00:37:33,520
caught it from
1064
00:37:31,040 --> 00:37:34,320
here to here well that could be you know
1065
00:37:33,520 --> 00:37:36,160
two percent
1066
00:37:34,320 --> 00:37:37,920
let's say you played it up here as well
1067
00:37:36,160 --> 00:37:41,119
well that could be another
1068
00:37:37,920 --> 00:37:43,200
1 let's say you played it from from here
1069
00:37:41,119 --> 00:37:45,200
and you went long well that could be
1070
00:37:43,200 --> 00:37:47,440
another 1.85
1071
00:37:45,200 --> 00:37:48,320
let's say you went from here to here
1072
00:37:47,440 --> 00:37:50,880
well that could be
1073
00:37:48,320 --> 00:37:52,160
like point five eight percent let's say
1074
00:37:50,880 --> 00:37:54,560
you played it from here
1075
00:37:52,160 --> 00:37:55,599
to here as well that could be one point
1076
00:37:54,560 --> 00:37:57,119
four nine percent
1077
00:37:55,599 --> 00:37:59,200
and let's say you shorted it for the
1078
00:37:57,119 --> 00:38:02,160
last one to go down here
1079
00:37:59,200 --> 00:38:03,040
well take a look guys right the whole
1080
00:38:02,160 --> 00:38:05,200
day
1081
00:38:03,040 --> 00:38:06,079
the whole day it actually only moved
1082
00:38:05,200 --> 00:38:08,560
from
1083
00:38:06,079 --> 00:38:10,480
from about there to about there right
1084
00:38:08,560 --> 00:38:10,880
which was about five percent as you can
1085
00:38:10,480 --> 00:38:13,440
see
1086
00:38:10,880 --> 00:38:15,599
right but if you actually take all of
1087
00:38:13,440 --> 00:38:17,520
these boxes and you stack them
1088
00:38:15,599 --> 00:38:19,599
right you stack them on top of each
1089
00:38:17,520 --> 00:38:20,640
other that represented the actual
1090
00:38:19,599 --> 00:38:24,400
percentage
1091
00:38:20,640 --> 00:38:26,960
okay right you can you can clearly see
1092
00:38:24,400 --> 00:38:27,839
that day traders can actually make a lot
1093
00:38:26,960 --> 00:38:30,480
of money
1094
00:38:27,839 --> 00:38:32,079
because they can find these bounces and
1095
00:38:30,480 --> 00:38:34,800
many percentage gains
1096
00:38:32,079 --> 00:38:35,760
right many percentage gains which can
1097
00:38:34,800 --> 00:38:38,640
actually be much
1098
00:38:35,760 --> 00:38:39,680
much bigger if you guys notice what i'm
1099
00:38:38,640 --> 00:38:41,599
saying right
1100
00:38:39,680 --> 00:38:42,960
the gains could actually be way bigger
1101
00:38:41,599 --> 00:38:44,640
so this one here
1102
00:38:42,960 --> 00:38:46,000
the whole day it actually only moved
1103
00:38:44,640 --> 00:38:47,680
five percent but if you
1104
00:38:46,000 --> 00:38:50,160
actually played many bounces throughout
1105
00:38:47,680 --> 00:38:52,960
the day you could have actually made 11
1106
00:38:50,160 --> 00:38:53,839
profit so that is what a day trader does
1107
00:38:52,960 --> 00:38:56,400
and we look
1108
00:38:53,839 --> 00:38:57,040
on these lower time frames to try to
1109
00:38:56,400 --> 00:38:59,359
catch
1110
00:38:57,040 --> 00:39:01,119
more of these bounces and that's
1111
00:38:59,359 --> 00:39:03,920
personally how i trade as well
1112
00:39:01,119 --> 00:39:05,839
but back to the importance of time frame
1113
00:39:03,920 --> 00:39:07,119
so let's keep looking at what's going on
1114
00:39:05,839 --> 00:39:09,200
right now all right
1115
00:39:07,119 --> 00:39:11,280
so if we took if we take a look at the
1116
00:39:09,200 --> 00:39:12,960
five minutes or the 15-minute chart for
1117
00:39:11,280 --> 00:39:14,800
example on bitcoin
1118
00:39:12,960 --> 00:39:17,920
we can see that there's not too much
1119
00:39:14,800 --> 00:39:20,320
going on and it's going sideways right
1120
00:39:17,920 --> 00:39:22,079
if we look on the 30-minute chart we see
1121
00:39:20,320 --> 00:39:23,440
that there's not really that supportive
1122
00:39:22,079 --> 00:39:25,760
of a candle yet
1123
00:39:23,440 --> 00:39:26,839
we look on an hour chart and wow we
1124
00:39:25,760 --> 00:39:29,839
actually see that the
1125
00:39:26,839 --> 00:39:31,200
combinations of the many small candles
1126
00:39:29,839 --> 00:39:34,000
that have added up
1127
00:39:31,200 --> 00:39:35,920
it actually ended up forming a fairly
1128
00:39:34,000 --> 00:39:38,560
bullish type of candle right
1129
00:39:35,920 --> 00:39:40,560
or not not bullish but it was very
1130
00:39:38,560 --> 00:39:42,400
supportive right
1131
00:39:40,560 --> 00:39:44,480
so we're seeing a lot of these long
1132
00:39:42,400 --> 00:39:47,040
wicks as you guys have noticed right
1133
00:39:44,480 --> 00:39:47,839
and these are actually all formed from
1134
00:39:47,040 --> 00:39:50,240
once again
1135
00:39:47,839 --> 00:39:51,040
the small candles on the small time
1136
00:39:50,240 --> 00:39:54,079
frames
1137
00:39:51,040 --> 00:39:56,240
because what the big time frames do is
1138
00:39:54,079 --> 00:39:58,320
they take a compilation of all the small
1139
00:39:56,240 --> 00:40:00,320
time frames and they basically add them
1140
00:39:58,320 --> 00:40:02,160
up right and then if we look on the
1141
00:40:00,320 --> 00:40:04,800
two-hour chart on the candle
1142
00:40:02,160 --> 00:40:06,319
we're getting a dragonfly doji so let's
1143
00:40:04,800 --> 00:40:09,119
see what else we can find
1144
00:40:06,319 --> 00:40:11,440
on other coins as well okay let's go to
1145
00:40:09,119 --> 00:40:15,040
for example eos okay
1146
00:40:11,440 --> 00:40:16,240
on eos on the daily so if we look at it
1147
00:40:15,040 --> 00:40:19,599
throughout the day
1148
00:40:16,240 --> 00:40:21,359
what we're seeing is that
1149
00:40:19,599 --> 00:40:22,880
yesterday finished off with a fairly
1150
00:40:21,359 --> 00:40:24,640
bearish candle like
1151
00:40:22,880 --> 00:40:27,040
this one looks like it's about to make
1152
00:40:24,640 --> 00:40:29,440
some sort of flag consolidation
1153
00:40:27,040 --> 00:40:31,280
right on the big picture that's what it
1154
00:40:29,440 --> 00:40:33,040
honestly looks like to me
1155
00:40:31,280 --> 00:40:34,800
so hopefully it does do some sort of
1156
00:40:33,040 --> 00:40:36,000
flag consolidation that'd be kind of
1157
00:40:34,800 --> 00:40:37,599
cool
1158
00:40:36,000 --> 00:40:39,119
not really sure yet what it's going to
1159
00:40:37,599 --> 00:40:41,119
be doing though right
1160
00:40:39,119 --> 00:40:43,119
yesterday it finished off with the bear
1161
00:40:41,119 --> 00:40:45,520
spinning top kind of candle
1162
00:40:43,119 --> 00:40:46,960
let's actually highlight yesterday okay
1163
00:40:45,520 --> 00:40:49,200
let's highlight yesterday
1164
00:40:46,960 --> 00:40:51,280
and let's just talk about many different
1165
00:40:49,200 --> 00:40:54,079
things that happened throughout the day
1166
00:40:51,280 --> 00:40:54,880
so yesterday the one hour candle that's
1167
00:40:54,079 --> 00:40:57,599
from here
1168
00:40:54,880 --> 00:40:58,800
to right about there so that represented
1169
00:40:57,599 --> 00:41:00,720
the whole day
1170
00:40:58,800 --> 00:41:02,160
right on the five minute chart that's
1171
00:41:00,720 --> 00:41:04,480
what happened throughout the day
1172
00:41:02,160 --> 00:41:05,200
right it went up it went down it went up
1173
00:41:04,480 --> 00:41:07,119
it went down
1174
00:41:05,200 --> 00:41:09,839
it went up it went down and then we
1175
00:41:07,119 --> 00:41:12,880
basically want to summarize it right
1176
00:41:09,839 --> 00:41:13,839
we summarize these candles on a higher
1177
00:41:12,880 --> 00:41:15,760
time frame
1178
00:41:13,839 --> 00:41:17,280
by getting a summary of it and choosing
1179
00:41:15,760 --> 00:41:19,440
a different time frame
1180
00:41:17,280 --> 00:41:20,560
so when we summarize it the exact same
1181
00:41:19,440 --> 00:41:22,880
thing happens like
1182
00:41:20,560 --> 00:41:24,800
if i draw the lines like that okay i'm
1183
00:41:22,880 --> 00:41:26,079
just giving you an example if i just
1184
00:41:24,800 --> 00:41:28,640
draw some lines
1185
00:41:26,079 --> 00:41:29,359
just to connect what happened right like
1186
00:41:28,640 --> 00:41:32,720
that
1187
00:41:29,359 --> 00:41:35,839
like that like that like that
1188
00:41:32,720 --> 00:41:37,760
like that if i go to a five minute chart
1189
00:41:35,839 --> 00:41:39,520
it'll look the exact same thing
1190
00:41:37,760 --> 00:41:40,800
it's just going to show more data of
1191
00:41:39,520 --> 00:41:42,960
what happened right
1192
00:41:40,800 --> 00:41:44,160
so take a look at this and then take a
1193
00:41:42,960 --> 00:41:46,720
look at that
1194
00:41:44,160 --> 00:41:49,680
take a look at this right and then take
1195
00:41:46,720 --> 00:41:51,920
a look at that take a look at this again
1196
00:41:49,680 --> 00:41:52,800
right it's the exact same thing that
1197
00:41:51,920 --> 00:41:55,119
we're drawing
1198
00:41:52,800 --> 00:41:57,520
but it's actually just more compressed
1199
00:41:55,119 --> 00:41:58,480
and it also goes with the indicators as
1200
00:41:57,520 --> 00:42:00,480
well right
1201
00:41:58,480 --> 00:42:02,319
same thing as the indicators but the
1202
00:42:00,480 --> 00:42:04,160
indicators will show you a very
1203
00:42:02,319 --> 00:42:06,319
different story as well
1204
00:42:04,160 --> 00:42:07,599
so we want to do something called find
1205
00:42:06,319 --> 00:42:09,760
confluence
1206
00:42:07,599 --> 00:42:11,040
remember what finding confluence is
1207
00:42:09,760 --> 00:42:14,400
finding confluence
1208
00:42:11,040 --> 00:42:15,200
is finding more reasons that lean
1209
00:42:14,400 --> 00:42:18,400
towards
1210
00:42:15,200 --> 00:42:19,760
one specific way then the other way so
1211
00:42:18,400 --> 00:42:21,839
let's say
1212
00:42:19,760 --> 00:42:23,119
you're looking for support what you
1213
00:42:21,839 --> 00:42:26,000
would want to do
1214
00:42:23,119 --> 00:42:28,079
is find lots of different candles in
1215
00:42:26,000 --> 00:42:30,800
many different time frames right
1216
00:42:28,079 --> 00:42:33,200
and that would be a confluent factor
1217
00:42:30,800 --> 00:42:34,720
another confluent factors could be
1218
00:42:33,200 --> 00:42:36,640
where you're looking at relative
1219
00:42:34,720 --> 00:42:38,400
strength index where you're looking at
1220
00:42:36,640 --> 00:42:40,000
the macd perhaps
1221
00:42:38,400 --> 00:42:43,119
and then you're finding even more
1222
00:42:40,000 --> 00:42:45,839
reasons where the stars basically align
1223
00:42:43,119 --> 00:42:48,319
and that is the actual goal to ensure
1224
00:42:45,839 --> 00:42:51,040
that you're finding that the stars align
1225
00:42:48,319 --> 00:42:52,880
right you're finding it on all of these
1226
00:42:51,040 --> 00:42:55,040
different time frames that just seem to
1227
00:42:52,880 --> 00:42:57,040
make sense that we're finding support
1228
00:42:55,040 --> 00:42:58,640
you're finding it on a 15-minute chart
1229
00:42:57,040 --> 00:43:00,160
you're finding it on a 30 you're finding
1230
00:42:58,640 --> 00:43:02,079
it on a one-hour chart
1231
00:43:00,160 --> 00:43:04,400
so you're finding it basically on every
1232
00:43:02,079 --> 00:43:06,160
single chart that can possibly tell you
1233
00:43:04,400 --> 00:43:07,119
that the stars are aligning and they're
1234
00:43:06,160 --> 00:43:09,119
confluent
1235
00:43:07,119 --> 00:43:10,480
so make sure that you guys are always
1236
00:43:09,119 --> 00:43:13,119
cycling back between
1237
00:43:10,480 --> 00:43:14,960
every single chart whether it's the 15
1238
00:43:13,119 --> 00:43:16,160
minute chart for a low time frame if
1239
00:43:14,960 --> 00:43:18,000
you're a day trader
1240
00:43:16,160 --> 00:43:19,440
whether it's a 30 minute chart a one
1241
00:43:18,000 --> 00:43:22,560
hour a two hour
1242
00:43:19,440 --> 00:43:23,119
but always remember as well that on
1243
00:43:22,560 --> 00:43:26,079
higher
1244
00:43:23,119 --> 00:43:27,040
time frames they're weighed more okay
1245
00:43:26,079 --> 00:43:30,560
they're weighed
1246
00:43:27,040 --> 00:43:32,800
more like like w i'm gonna write out
1247
00:43:30,560 --> 00:43:33,680
just to make sure it's understood wait
1248
00:43:32,800 --> 00:43:35,920
they're weighed
1249
00:43:33,680 --> 00:43:36,800
a lot more okay and they're weighed a
1250
00:43:35,920 --> 00:43:39,359
lot more
1251
00:43:36,800 --> 00:43:40,400
because that summarizes keep in mind
1252
00:43:39,359 --> 00:43:42,560
every single
1253
00:43:40,400 --> 00:43:43,920
of the smaller time frames it gathers
1254
00:43:42,560 --> 00:43:46,400
them up and it
1255
00:43:43,920 --> 00:43:48,400
compresses them like that right so if i
1256
00:43:46,400 --> 00:43:50,000
were to look on a daily like of one hour
1257
00:43:48,400 --> 00:43:51,520
chart you don't really see a lot of
1258
00:43:50,000 --> 00:43:53,440
these lines right anymore
1259
00:43:51,520 --> 00:43:55,359
right that's pretty much what it ends up
1260
00:43:53,440 --> 00:43:57,280
looking like if you go to a two hour
1261
00:43:55,359 --> 00:43:58,960
you'll barely see it now if i go to four
1262
00:43:57,280 --> 00:44:01,040
hour you'll probably barely see it
1263
00:43:58,960 --> 00:44:02,560
if i go to daily you're not going to see
1264
00:44:01,040 --> 00:44:04,640
any of them right
1265
00:44:02,560 --> 00:44:06,720
so that's pretty much how it looks like
1266
00:44:04,640 --> 00:44:09,280
when we compress the data
1267
00:44:06,720 --> 00:44:10,319
so if we look for just as an example
1268
00:44:09,280 --> 00:44:12,640
okay
1269
00:44:10,319 --> 00:44:14,480
on the daily or the four hour chart we
1270
00:44:12,640 --> 00:44:16,960
see it we see kind of zigzagging
1271
00:44:14,480 --> 00:44:17,839
zigzagging zigzagging zigzagging right
1272
00:44:16,960 --> 00:44:19,599
just sideways
1273
00:44:17,839 --> 00:44:20,800
trend this is actually not a good coin
1274
00:44:19,599 --> 00:44:22,800
to be looking at right now there's not a
1275
00:44:20,800 --> 00:44:24,720
lot of activity let's go look at another
1276
00:44:22,800 --> 00:44:26,079
coin like bitcoin cash that has a lot
1277
00:44:24,720 --> 00:44:27,359
more volatility
1278
00:44:26,079 --> 00:44:30,160
if you guys are not familiar with the
1279
00:44:27,359 --> 00:44:32,160
word volatility that refers to
1280
00:44:30,160 --> 00:44:33,839
the heavy price movement and price
1281
00:44:32,160 --> 00:44:36,000
action of going up and down
1282
00:44:33,839 --> 00:44:38,880
you want something to be volatile to be
1283
00:44:36,000 --> 00:44:41,520
violently moving up and down a lot right
1284
00:44:38,880 --> 00:44:42,400
so volatility is definitely your best
1285
00:44:41,520 --> 00:44:44,720
friend
1286
00:44:42,400 --> 00:44:46,560
so right now what we're seeing is that
1287
00:44:44,720 --> 00:44:48,480
it's about to do
1288
00:44:46,560 --> 00:44:50,160
we're getting one big green candle on a
1289
00:44:48,480 --> 00:44:52,880
15-minute chart right
1290
00:44:50,160 --> 00:44:54,079
15-minute chart not bad on a 30-minute
1291
00:44:52,880 --> 00:44:56,560
chart where it takes
1292
00:44:54,079 --> 00:44:57,520
more of the smaller time frames and
1293
00:44:56,560 --> 00:45:00,000
compresses them
1294
00:44:57,520 --> 00:45:02,160
because this is a higher one we see kind
1295
00:45:00,000 --> 00:45:04,560
of a support candle right here
1296
00:45:02,160 --> 00:45:05,440
that's bouncing off of the ema right the
1297
00:45:04,560 --> 00:45:08,079
moving average
1298
00:45:05,440 --> 00:45:09,040
okay so if we take a look at this time
1299
00:45:08,079 --> 00:45:11,200
frame right here
1300
00:45:09,040 --> 00:45:13,280
on a one hour we're finding some very
1301
00:45:11,200 --> 00:45:13,839
bullish candles actually of support
1302
00:45:13,280 --> 00:45:16,160
right
1303
00:45:13,839 --> 00:45:17,040
we're finding lots of wicks coming down
1304
00:45:16,160 --> 00:45:19,040
where it's taking
1305
00:45:17,040 --> 00:45:21,040
all of the smaller time frames and it's
1306
00:45:19,040 --> 00:45:21,599
adding them up in these bigger time
1307
00:45:21,040 --> 00:45:23,599
frames
1308
00:45:21,599 --> 00:45:25,040
right so we're definitely finding
1309
00:45:23,599 --> 00:45:27,599
support right here
1310
00:45:25,040 --> 00:45:30,000
if we look on the two hour chart as well
1311
00:45:27,599 --> 00:45:32,079
we see that the two hour chart
1312
00:45:30,000 --> 00:45:33,920
keep in mind as well that every single
1313
00:45:32,079 --> 00:45:35,280
time frame will have different things
1314
00:45:33,920 --> 00:45:37,599
like moving averages
1315
00:45:35,280 --> 00:45:39,920
notice how this one on the two hour
1316
00:45:37,599 --> 00:45:41,920
chart is hitting the yellow line
1317
00:45:39,920 --> 00:45:44,560
right but on the one hour chart it's
1318
00:45:41,920 --> 00:45:47,040
actually below the yellow line
1319
00:45:44,560 --> 00:45:48,720
so on the 45 minute charts well below it
1320
00:45:47,040 --> 00:45:50,319
but on the four hour chart it's well
1321
00:45:48,720 --> 00:45:52,319
above it
1322
00:45:50,319 --> 00:45:53,920
can you guys think of a reason why that
1323
00:45:52,319 --> 00:45:55,680
is
1324
00:45:53,920 --> 00:45:57,520
if you are familiar with moving averages
1325
00:45:55,680 --> 00:45:58,960
already okay
1326
00:45:57,520 --> 00:46:00,720
if you're not familiar with it let me
1327
00:45:58,960 --> 00:46:02,000
explain it to you guys is because the
1328
00:46:00,720 --> 00:46:05,200
moving average
1329
00:46:02,000 --> 00:46:08,079
takes a sample of all of the data
1330
00:46:05,200 --> 00:46:09,359
in the past let's say you have a 50
1331
00:46:08,079 --> 00:46:11,760
moving average
1332
00:46:09,359 --> 00:46:12,480
the moving average will take a sample of
1333
00:46:11,760 --> 00:46:15,200
50
1334
00:46:12,480 --> 00:46:16,240
of the past candles and make an average
1335
00:46:15,200 --> 00:46:19,520
of the price
1336
00:46:16,240 --> 00:46:21,599
right so because on the four hour right
1337
00:46:19,520 --> 00:46:23,040
it definitely looks a lot differently
1338
00:46:21,599 --> 00:46:25,040
right on the five minute
1339
00:46:23,040 --> 00:46:26,400
because on a five minute candle for
1340
00:46:25,040 --> 00:46:29,599
example okay let's
1341
00:46:26,400 --> 00:46:32,400
you know it'll take um in an hour
1342
00:46:29,599 --> 00:46:33,359
12 of them right so if you're on a 55
1343
00:46:32,400 --> 00:46:35,280
moving average
1344
00:46:33,359 --> 00:46:38,079
it's definitely going to look incredibly
1345
00:46:35,280 --> 00:46:41,200
different but what we want to focus on
1346
00:46:38,079 --> 00:46:41,839
is trying to find trends on a very small
1347
00:46:41,200 --> 00:46:44,560
time frame
1348
00:46:41,839 --> 00:46:45,599
a low time frame right for example a 30
1349
00:46:44,560 --> 00:46:47,440
minute time frame
1350
00:46:45,599 --> 00:46:49,200
and we want to see if it's actually
1351
00:46:47,440 --> 00:46:52,640
going to cascade
1352
00:46:49,200 --> 00:46:56,240
over to a higher time frame so right now
1353
00:46:52,640 --> 00:46:59,040
what we see just as an example okay
1354
00:46:56,240 --> 00:47:01,520
what we want to see is we see that
1355
00:46:59,040 --> 00:47:03,680
bitcoin is definitely in a downtrend now
1356
00:47:01,520 --> 00:47:05,920
right we see it in a downtrend on a
1357
00:47:03,680 --> 00:47:07,920
30-minute chart okay
1358
00:47:05,920 --> 00:47:10,480
because it's well below these moving
1359
00:47:07,920 --> 00:47:12,880
averages we see it in a downtrend
1360
00:47:10,480 --> 00:47:13,920
on a 45-minute chart we see it in a
1361
00:47:12,880 --> 00:47:16,160
downtrend
1362
00:47:13,920 --> 00:47:18,000
on like below the yellow line is what i
1363
00:47:16,160 --> 00:47:19,599
mean on a two-hour chart
1364
00:47:18,000 --> 00:47:21,280
and we finally start to see it in the
1365
00:47:19,599 --> 00:47:22,000
downtrend below the two-hour chart as
1366
00:47:21,280 --> 00:47:23,680
well
1367
00:47:22,000 --> 00:47:26,160
but the three-hour chart we see in the
1368
00:47:23,680 --> 00:47:26,480
downtrend as well on the four-hour chart
1369
00:47:26,160 --> 00:47:28,559
we
1370
00:47:26,480 --> 00:47:29,599
barely see it in the downtrend but what
1371
00:47:28,559 --> 00:47:31,839
we want to see is
1372
00:47:29,599 --> 00:47:33,760
well the daily chart is not really seen
1373
00:47:31,839 --> 00:47:34,319
on a downtrend below the yellow line
1374
00:47:33,760 --> 00:47:36,319
right
1375
00:47:34,319 --> 00:47:37,359
so usually when they when things happen
1376
00:47:36,319 --> 00:47:39,359
on a small time
1377
00:47:37,359 --> 00:47:40,720
frame we want to see if it's going to
1378
00:47:39,359 --> 00:47:43,520
happen on the bigger
1379
00:47:40,720 --> 00:47:44,800
time frame as well and if they do happen
1380
00:47:43,520 --> 00:47:47,040
on the bigger time frame
1381
00:47:44,800 --> 00:47:48,000
this will actually confirm a greater
1382
00:47:47,040 --> 00:47:50,400
degree
1383
00:47:48,000 --> 00:47:52,319
trend right so the last thing we want is
1384
00:47:50,400 --> 00:47:54,400
to have a bear market right now
1385
00:47:52,319 --> 00:47:55,440
in bitcoin we want to see if this is
1386
00:47:54,400 --> 00:47:59,359
actually going to hold
1387
00:47:55,440 --> 00:48:00,559
stable so i hope that i've given you
1388
00:47:59,359 --> 00:48:03,119
guys a lot of
1389
00:48:00,559 --> 00:48:05,440
insight when it comes to time frames the
1390
00:48:03,119 --> 00:48:07,119
best way to practice guys right the best
1391
00:48:05,440 --> 00:48:09,520
way to practice is to just
1392
00:48:07,119 --> 00:48:10,800
practice and that's how you will get a
1393
00:48:09,520 --> 00:48:13,359
lot more skills
1394
00:48:10,800 --> 00:48:14,160
under your belt i'm very grateful to be
1395
00:48:13,359 --> 00:48:16,480
your tutor
1396
00:48:14,160 --> 00:48:18,880
and to be your instructor and to be your
1397
00:48:16,480 --> 00:48:20,960
guide in this journey with bitcoin
1398
00:48:18,880 --> 00:48:23,200
but make sure that you guys are also
1399
00:48:20,960 --> 00:48:25,440
putting in tons of hard work
1400
00:48:23,200 --> 00:48:26,640
so you can make sure that you add to
1401
00:48:25,440 --> 00:48:28,960
your success
1402
00:48:26,640 --> 00:48:30,240
the probability of you guys succeeding
1403
00:48:28,960 --> 00:48:32,400
is a lot higher
1404
00:48:30,240 --> 00:48:34,319
when you also put in the work so make
1405
00:48:32,400 --> 00:48:36,240
sure you're studying every day
1406
00:48:34,319 --> 00:48:38,480
make sure you're going through these
1407
00:48:36,240 --> 00:48:39,599
time frames you have to think of it like
1408
00:48:38,480 --> 00:48:42,079
a video game
1409
00:48:39,599 --> 00:48:44,079
right someone can give you a guide on
1410
00:48:42,079 --> 00:48:45,119
the video game and they can show you the
1411
00:48:44,079 --> 00:48:47,280
strategy
1412
00:48:45,119 --> 00:48:49,359
but it's up to you guys to keep
1413
00:48:47,280 --> 00:48:51,200
practicing to get a lot better
1414
00:48:49,359 --> 00:48:53,680
so i hope i've given you guys tons of
1415
00:48:51,200 --> 00:48:56,160
insight in this particular video
1416
00:48:53,680 --> 00:48:57,119
what we reviewed was the differences in
1417
00:48:56,160 --> 00:48:59,359
time frames
1418
00:48:57,119 --> 00:49:00,160
we also talked about what day traders
1419
00:48:59,359 --> 00:49:01,920
look at and
1420
00:49:00,160 --> 00:49:04,160
why they actually look at a lower time
1421
00:49:01,920 --> 00:49:05,359
frame right day traders look at a very
1422
00:49:04,160 --> 00:49:07,440
low time frame
1423
00:49:05,359 --> 00:49:09,440
because they want to focus on what is
1424
00:49:07,440 --> 00:49:11,760
happening in the small picture
1425
00:49:09,440 --> 00:49:12,559
what is happening in the big picture as
1426
00:49:11,760 --> 00:49:14,000
well
1427
00:49:12,559 --> 00:49:15,680
right or sorry what is happening to the
1428
00:49:14,000 --> 00:49:17,599
small picture but
1429
00:49:15,680 --> 00:49:19,520
on because we want to play those little
1430
00:49:17,599 --> 00:49:22,559
bounces up and down often
1431
00:49:19,520 --> 00:49:24,079
but a swing trader what they focus on is
1432
00:49:22,559 --> 00:49:26,400
they actually focus on
1433
00:49:24,079 --> 00:49:28,319
higher time frames because they don't
1434
00:49:26,400 --> 00:49:30,880
care about the small bounces since
1435
00:49:28,319 --> 00:49:32,480
they're not making as many trades right
1436
00:49:30,880 --> 00:49:34,800
and there's no one way that's better
1437
00:49:32,480 --> 00:49:37,040
than the other guys
1438
00:49:34,800 --> 00:49:37,920
really there's no one way that's better
1439
00:49:37,040 --> 00:49:40,480
than the other
1440
00:49:37,920 --> 00:49:41,680
it literally just comes down to your
1441
00:49:40,480 --> 00:49:44,400
personal trading
1442
00:49:41,680 --> 00:49:45,680
preference and some people trade only on
1443
00:49:44,400 --> 00:49:47,680
the daily right
1444
00:49:45,680 --> 00:49:49,359
if you're an investor you're most likely
1445
00:49:47,680 --> 00:49:50,559
looking at probably not even a daily
1446
00:49:49,359 --> 00:49:51,440
you're probably just looking at the
1447
00:49:50,559 --> 00:49:53,599
weekly
1448
00:49:51,440 --> 00:49:55,440
investors really don't trade right they
1449
00:49:53,599 --> 00:49:58,400
just hold for a long time
1450
00:49:55,440 --> 00:49:59,040
and the thing about trading or just um
1451
00:49:58,400 --> 00:50:00,960
you know
1452
00:49:59,040 --> 00:50:02,319
trading or swing trading or investing or
1453
00:50:00,960 --> 00:50:05,359
charts in general is that
1454
00:50:02,319 --> 00:50:08,000
you will actually find out who you are
1455
00:50:05,359 --> 00:50:09,359
very quickly right you'll find out so
1456
00:50:08,000 --> 00:50:12,240
quickly who you guys are
1457
00:50:09,359 --> 00:50:13,520
are you guys a day trader are you a
1458
00:50:12,240 --> 00:50:15,520
swing trader
1459
00:50:13,520 --> 00:50:17,520
you can use any time frame and you can
1460
00:50:15,520 --> 00:50:18,880
play any time frame that you want to as
1461
00:50:17,520 --> 00:50:20,800
well it doesn't really matter
1462
00:50:18,880 --> 00:50:24,079
great but the cool thing about trading
1463
00:50:20,800 --> 00:50:26,559
is your personality will actually mold
1464
00:50:24,079 --> 00:50:28,079
your trading style for example my
1465
00:50:26,559 --> 00:50:30,640
training style guys i'm very
1466
00:50:28,079 --> 00:50:32,240
very uh as you guys know right i've i've
1467
00:50:30,640 --> 00:50:35,280
got a lot of energy right
1468
00:50:32,240 --> 00:50:35,599
lots of enthusiasm lots of energy so to
1469
00:50:35,280 --> 00:50:37,839
me
1470
00:50:35,599 --> 00:50:39,520
swing trading a few times a week maybe
1471
00:50:37,839 --> 00:50:42,960
one or two or three trades a week
1472
00:50:39,520 --> 00:50:44,000
it's not my style i have to make sure
1473
00:50:42,960 --> 00:50:46,720
that i'm in a very
1474
00:50:44,000 --> 00:50:48,079
fast-paced environment you know it needs
1475
00:50:46,720 --> 00:50:50,640
to be fast paced
1476
00:50:48,079 --> 00:50:51,680
i like to get in and out of trades i
1477
00:50:50,640 --> 00:50:55,119
like that really
1478
00:50:51,680 --> 00:50:57,119
feel good moment of making two three
1479
00:50:55,119 --> 00:50:59,520
hundred dollars in ten minutes you know
1480
00:50:57,119 --> 00:51:01,920
it feels very good to do that right
1481
00:50:59,520 --> 00:51:03,440
so that's why that we will always end up
1482
00:51:01,920 --> 00:51:05,280
finding our style
1483
00:51:03,440 --> 00:51:06,640
and you're gonna find out what kind of
1484
00:51:05,280 --> 00:51:09,440
person that you
1485
00:51:06,640 --> 00:51:10,240
actually are very quickly as well guys i
1486
00:51:09,440 --> 00:51:12,079
mean it right
1487
00:51:10,240 --> 00:51:13,760
you're gonna find oh hey am i this kind
1488
00:51:12,079 --> 00:51:15,520
of person that likes to do this
1489
00:51:13,760 --> 00:51:17,119
am i this kind of person that likes to
1490
00:51:15,520 --> 00:51:19,760
do that and the time
1491
00:51:17,119 --> 00:51:22,480
frames will actually it'll actually
1492
00:51:19,760 --> 00:51:24,240
equate to your personality as well
1493
00:51:22,480 --> 00:51:25,839
so you guys are gonna find a lot of
1494
00:51:24,240 --> 00:51:28,079
correlation between
1495
00:51:25,839 --> 00:51:30,400
real life who you are and you'll
1496
00:51:28,079 --> 00:51:32,319
discover very quickly as well
1497
00:51:30,400 --> 00:51:33,440
what you can handle and what you cannot
1498
00:51:32,319 --> 00:51:35,680
handle right
1499
00:51:33,440 --> 00:51:37,599
some people cannot trade on low time
1500
00:51:35,680 --> 00:51:39,200
frames because there's simply too many
1501
00:51:37,599 --> 00:51:41,520
bounces right
1502
00:51:39,200 --> 00:51:43,839
and it's very stressful for myself
1503
00:51:41,520 --> 00:51:46,000
that's where my bread and my butter is
1504
00:51:43,839 --> 00:51:48,800
and that's what i will be teaching in my
1505
00:51:46,000 --> 00:51:51,119
style for lesson number 17.
1506
00:51:48,800 --> 00:51:52,880
so i hope that you guys always remember
1507
00:51:51,119 --> 00:51:55,599
that it always comes down
1508
00:51:52,880 --> 00:51:56,000
to adding everything up on a small time
1509
00:51:55,599 --> 00:51:58,400
frame
1510
00:51:56,000 --> 00:51:59,599
right adding it all up and you see it on
1511
00:51:58,400 --> 00:52:02,000
a big time frame
1512
00:51:59,599 --> 00:52:04,319
a big time frame like a daily basically
1513
00:52:02,000 --> 00:52:06,400
takes all of the little time frames
1514
00:52:04,319 --> 00:52:07,359
and they add them up and they compress
1515
00:52:06,400 --> 00:52:10,480
it into one
1516
00:52:07,359 --> 00:52:13,119
bundle of data to give you basically an
1517
00:52:10,480 --> 00:52:13,839
overall view and a very big picture of
1518
00:52:13,119 --> 00:52:16,000
everything
1519
00:52:13,839 --> 00:52:17,520
that is the important thing to know but
1520
00:52:16,000 --> 00:52:19,440
another important thing to know
1521
00:52:17,520 --> 00:52:21,680
is that we need to make sure we look on
1522
00:52:19,440 --> 00:52:23,839
all time frames okay
1523
00:52:21,680 --> 00:52:24,800
you cannot just look at one time frame
1524
00:52:23,839 --> 00:52:26,720
you have to look at
1525
00:52:24,800 --> 00:52:28,079
every single time frame because they all
1526
00:52:26,720 --> 00:52:29,920
tell a different story
1527
00:52:28,079 --> 00:52:31,119
and because they all tell a different
1528
00:52:29,920 --> 00:52:33,040
story right
1529
00:52:31,119 --> 00:52:34,800
you got to make sure that you're reading
1530
00:52:33,040 --> 00:52:36,880
this book to try to get
1531
00:52:34,800 --> 00:52:39,119
data because when you're looking at it
1532
00:52:36,880 --> 00:52:41,760
on every single time frame
1533
00:52:39,119 --> 00:52:43,760
it might leave little clues right oh
1534
00:52:41,760 --> 00:52:45,119
yeah this time frame is supportive this
1535
00:52:43,760 --> 00:52:46,880
time frame is supportive
1536
00:52:45,119 --> 00:52:48,319
oh no this time frame looks like it's
1537
00:52:46,880 --> 00:52:49,920
still bad it's still bad
1538
00:52:48,319 --> 00:52:51,760
and then eventually you will make a
1539
00:52:49,920 --> 00:52:54,480
decision a consensus
1540
00:52:51,760 --> 00:52:56,720
you'll formulate a probability of hey is
1541
00:52:54,480 --> 00:52:57,440
it actually leaning more towards you
1542
00:52:56,720 --> 00:52:59,200
know
1543
00:52:57,440 --> 00:53:01,040
the right here or is it leaning more
1544
00:52:59,200 --> 00:53:02,800
towards the left over here
1545
00:53:01,040 --> 00:53:05,200
so you guys will be able to figure that
1546
00:53:02,800 --> 00:53:07,680
out very quickly but don't forget guys
1547
00:53:05,200 --> 00:53:08,640
ever that every single time frame is
1548
00:53:07,680 --> 00:53:10,800
very important
1549
00:53:08,640 --> 00:53:11,680
and you have to look at every single
1550
00:53:10,800 --> 00:53:13,920
time frame
1551
00:53:11,680 --> 00:53:15,839
and what i advise for you guys to do is
1552
00:53:13,920 --> 00:53:17,760
always put in the hard work of just
1553
00:53:15,839 --> 00:53:19,839
playing around with time frames
1554
00:53:17,760 --> 00:53:21,280
and seeing what is the difference
1555
00:53:19,839 --> 00:53:23,599
between everything going on
1556
00:53:21,280 --> 00:53:25,440
in every single time frame so i hope you
1557
00:53:23,599 --> 00:53:26,480
guys have thoroughly enjoyed lesson
1558
00:53:25,440 --> 00:53:29,040
number nine
1559
00:53:26,480 --> 00:53:29,760
which is going which covered time frames
1560
00:53:29,040 --> 00:53:31,920
i've had a
1561
00:53:29,760 --> 00:53:33,599
pleasure talking to you guys about it i
1562
00:53:31,920 --> 00:53:35,520
hope that you've had a great time
1563
00:53:33,599 --> 00:53:36,720
learning everything thus far already up
1564
00:53:35,520 --> 00:53:39,040
until now i
1565
00:53:36,720 --> 00:53:40,319
highly encourage you guys to leave a lot
1566
00:53:39,040 --> 00:53:42,800
of questions okay
1567
00:53:40,319 --> 00:53:43,520
because questions is what allows us to
1568
00:53:42,800 --> 00:53:45,680
grow
1569
00:53:43,520 --> 00:53:46,559
and learn and i want to make sure that
1570
00:53:45,680 --> 00:53:48,800
i'm attentive
1571
00:53:46,559 --> 00:53:50,000
because i am your instructor you guys
1572
00:53:48,800 --> 00:53:52,640
are my students
1573
00:53:50,000 --> 00:53:54,079
you guys did pay for the material okay
1574
00:53:52,640 --> 00:53:54,640
so i want to make sure that you are
1575
00:53:54,079 --> 00:53:57,680
getting
1576
00:53:54,640 --> 00:54:01,440
every single dollars worth so make sure
1577
00:53:57,680 --> 00:54:03,839
guys ask those questions don't be shy
1578
00:54:01,440 --> 00:54:05,040
i have your guys's back i support you
1579
00:54:03,839 --> 00:54:07,920
100
1580
00:54:05,040 --> 00:54:08,640
i want you to succeed you are my
1581
00:54:07,920 --> 00:54:10,400
students
1582
00:54:08,640 --> 00:54:12,640
and make sure that you guys understand
1583
00:54:10,400 --> 00:54:13,200
that i will be answering these questions
1584
00:54:12,640 --> 00:54:15,280
because
1585
00:54:13,200 --> 00:54:16,880
your success could ultimately come down
1586
00:54:15,280 --> 00:54:17,440
to the questions that you're asking as
1587
00:54:16,880 --> 00:54:19,599
well
1588
00:54:17,440 --> 00:54:21,200
and your interaction with me so thank
1589
00:54:19,599 --> 00:54:21,920
you very much for giving me this
1590
00:54:21,200 --> 00:54:24,400
privilege
1591
00:54:21,920 --> 00:54:25,280
of teaching you guys how to interpret
1592
00:54:24,400 --> 00:54:27,359
time frames
1593
00:54:25,280 --> 00:54:29,119
the difference between swing trading the
1594
00:54:27,359 --> 00:54:31,760
difference between day trading
1595
00:54:29,119 --> 00:54:33,839
the difference between investing what do
1596
00:54:31,760 --> 00:54:35,839
all of these different time frames mean
1597
00:54:33,839 --> 00:54:37,839
and how they actually correlated to each
1598
00:54:35,839 --> 00:54:39,280
other i hope you had a wonderful time
1599
00:54:37,839 --> 00:54:41,040
learning everything thus far and
1600
00:54:39,280 --> 00:54:43,599
especially enjoyed this class
1601
00:54:41,040 --> 00:54:45,040
and i will see you for lesson number 10
1602
00:54:43,599 --> 00:54:48,160
where we will be talking
1603
00:54:45,040 --> 00:54:49,040
about we'll be talking about water
1604
00:54:48,160 --> 00:54:52,319
supports
1605
00:54:49,040 --> 00:54:54,400
resistances and also trend lines and
1606
00:54:52,319 --> 00:54:55,920
channels as well and we're also going to
1607
00:54:54,400 --> 00:54:59,200
be talking about the
1608
00:54:55,920 --> 00:55:00,960
why they're important in terms of how we
1609
00:54:59,200 --> 00:55:01,280
play these breakouts so i look forward
1610
00:55:00,960 --> 00:55:03,359
to
1611
00:55:01,280 --> 00:55:04,640
you guys joining me for another class
1612
00:55:03,359 --> 00:55:06,319
for lesson number 10
1613
00:55:04,640 --> 00:55:08,319
and i'll see you very soon in the near
1614
00:55:06,319 --> 00:55:11,119
future have yourselves a great day now
1615
00:55:08,319 --> 00:55:11,119
bye and take care
111839
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