Original subtitles

Yes, hello everyone. So welcome to the third lesson of first

part the technical strategy. So what we're going to be looking

at in this lesson is premium versus discount areas.

So what do I mean by premium and discount? So like I said

from the last lesson in market structure mark out your your

highs and your lows. Once you get these areas identified is

this thing called premium premium areas and discount

areas. So what do I mean by a premium area or a discount area

for example? So as you can see in the last one we just marked

out all the highs and the lows. Now what we can see is we

started to get this high this low lower high higher higher

low and then a higher high broke that up so we could say

we're in an uptrend at the moment so when we're in an

uptrend we're looking for discount areas to buy because

the reason is if you're looking if you're looking for buys

you're just going to be looking for the best possible area so

if you get into that entry price doesn't return to your

break even point or it doesn't return to hit your stop loss so

what we're going to be trying to look to look for is the

lowest possible area for us to buy now what that Usually is is

that's called the discounted area because it's discounted

price. You know when you're going to the shop what do you

want? You want the best possible discount so you can

buy things at a cheaper rate so you can not make a profit but

not spend as much but in this case we're trying to make

profit of course. Now discount area you could say it's

anywhere less than the 50% so if you guys know how to use

Fibonacci it's on Trade In View it's on I think is believe it's

the one with the three lines on Trade In View if you have

trouble you could just look it up on online but it's the

Fibonacci tool and I'm going to be giving my settings as well

soon but for that what we're going to be looking for is

anywhere less than the 50% it's technically a discounted area

me personally I always look for this area right here anywhere

less than 0. 618 0. 71 anywhere below that is perfect for me

because if you're really looking if you're in an uptrend

and you're looking for buys anywhere above the 50% you're

most likely going to be taken out let's just look at this

example here for example I mean we're going to be looking at

our certain points of interest but I'm just telling you this

is one of the older blocks that we're going to be looking at if

you're going to enter of the 50% okay cool we got one tiny

rejection of stop loss right below you been taken out

straight away and this one key one key thing you you need to

understand that discounted area will help you so many times and

as you develop your strategy I mean personally I don't even

put the fibs on now because I understand market structure and

discounted and premium areas another example is here just

continue from the last one so this the low and this the next

low that we're looking at we've got even more discounted area

because we've got that point of interest right at the bottom

enter straight off of that price doesn't return to it

because you're in an uptrend so you're sure we're not going to

come back to that area so this is the key thing you need to

understand when you're in when you're buying from a discounted

area you're going to be entering as low as possible and

then the place you're going to be aiming for is the next

higher high same thing as well for premium as well you're

going to be aiming for lower lows so premium and discount

quite a simple thing to understand you're going to be

looking for the lowest or the high areas as possible. Um in

terms of my Fibonacci obviously I don't use it as much now

because I understand everything you know just by looking at the

chart but especially if you're just learning at the moment

like I say you're going to be looking for buyers in this key

area here. I would say somewhere less than the 71 fib

all the way down to the number one. Uh you could even put on a

Fibonacci of zero point eight I can't remember what number it

is but anywhere below here is fine. Do not I mean as much as

possible depending on what price is showing you but really

don't try and enter anywhere less than the 50% zone and then

if you're going off the Fib strategy just targets at this

minus 0. 27. Um there's a there's been a lot of studies

around Fibonacci and this is one of the key areas that you

aim for. The next prize zone would also be 0 point 618 but

that's a further further area again this is for premium as

well so just flipped this is when you're looking for sales

quite a simple quite simple to understand so no need to

complicate it yeah so this is premium and discount areas