 Hi everyone. Hi. Give me a sec. Can you see how to share screen? FH2, Adrian. Hi Francis. Hi Frank. Okay. Can I just check if everyone can see my screen? It should say Ultimate Forex Trading Masterclass Tick Mail 2022. Okay. It's supposed to say 2023, but my other, hi Richard. My other slides, my other slides, it says corrupted. So I have no choice. I have to use these slides for the introduction. Anyway, it's just an introduction. More importantly is when we go to Trading View. So I was just going to use these older slides to do the introduction. Hi. Hi Eunus. Hi Summit. Hey Summit. Again. Everyone can see my screen, right? That's the most important part. Okay. So the thing that is important, I wanted to share with the introduction is the disclaimer. So disclaimer, disclaimer. You guys know how this works. Any information I share in this webinar should not be construed as trading advice. Okay. You should only take this as educational. You shouldn't take this as financial advice or investment advice or any kind of trading advice. Just only educational. Okay. Cool. Okay. Okay. With that, other than that, I'm just going to introduce myself and then we can go straight into the live webinar because I, the dislikes are not the correct slides. So it says advanced Ichimoku Kinko Hio strategy. This is an old slide. Again, I was saying, okay. By right today is a live trading analysis session. Okay. Today is a live trading analysis session. My slides were corrupted. The actual slides were corrupted. So I have no choice but to use an old introduction. Okay. So for those who don't already know me, my name is Cassandra. I can call me Kess. I am an investment analyst and a proc trader at Everest Fortune Group. We're an award-winning research firm. We are the finalists for best forex and best equity research for 2019, 2020, and 2021. 2022 is not out yet. That's why you don't see it here. Basically what we do is do a lot of research. We do a lot of backtesting to kind of forecast where we think the markets are going. And then we advise banks, brokerages, hedge funds, financial institutions, and we share them in these webinars. Okay. Oh, hey, Chamelew. Hi. Nice seeing you here. Okay. So in terms of my own trading, I am a proc trader. I not only trade for Everest. I trade for a few other prop firms as well for those who don't know about these prop firms. These prop firms require a trader to be profitable with 8% to 10% profit within the month to even get into their firm or even get funded. So I am a funded trader. I've done 8% to 10% multiple times already. So how I did it is using technical analysis. So if you guys have any questions regarding technical analysis, do not be shy. Please ask me about technical analysis. I will try my best to help you. Okay, guys, just give me a sec. I feel like the lighting is really dark. It's hurting my eyes. Just give me a sec. Let me just turn on more lights. Okay. That's so much better for me. Alessela or Samuel. There's no slides today. I'm only using this as an introduction. After this, we're going straight to live trading. Okay. Hi, Richard. Yes, I do use a lot of Ichimoku. Hi, Pravin. Okay, I do use a lot of Ichimoku. We did this webinar I think a while ago, probably months ago. So I'm just using this old slides. For those who are asking for today's slides, there are no slides today because today's session is a live analysis session. Okay, so I'm going to stop sharing. We're going to go straight into trading view. Okay, cool. Can I try if everyone can see my screen? It should say it should be on trading view view XAU USD. Can everyone see my screen? Okay, Jamilu is requesting for XAU USD and USDJPY. Good request. We can look at both of that. Can you guys let me know if you guys can see my screen? It should say trading view. I'm on trading view. So yeah, let me know. There's no response. So I don't know if like you guys can see my screen or if like the video is stuck. Okay, thank you, Adrian. Yeah, I just need like someone to respond so that I know like we're not stuck. There was a time I was talking to myself for 15 minutes, a good 15 minutes before. People started calling me to tell me that my webinar was stuck. Okay. Okay, thank you. Thank you. Thank you, Samit. Thank you, Eunice. Thank you, Sao Gado. Sorry, I can't pronounce your first name. Thank you, Adrian. Okay, cool. So I think Samit, you've already joined my webinar earlier on, right? My other webinar. Okay, so one thing I noticed with I'm going to quickly show you guys one thing I noticed. I do see a lot of regulars here for adverse fortune groups. So probably Richard, let me see. Samit, Jamilu. Okay, you guys would know this strategy. So the thing that I wanted to point out first before I do my usual trading style is to point out that there is a Nike tic strategy here. So a Nike tic strategy is basically a strategy that we notice here at Everest Watching Group. So remember at Everest Watching Group, we do a lot of backtesting and a lot of like backtesting of research. So what we notice from all our backtesting and research is that every time, not every time, I would say a good eight to 10 times, price does this Nike tic, you know, Nike, the brand, the shoe brand, okay, like Nike, okay, every time we see this Nike tic, it tends to kind of do a pullback 23.6% pullback and that's where we enter for a sell. So we notice that every time we see like this tic, it follows by a little pullback. And then after the pullback, it's probably going to continue up or go down, whatever it is, whatever price wants to do, the point is we get in here for the sell up to the pullback. Okay, so that's one thing that I noticed with gold. Okay, so how this strategy works is that you take the swing high and the swing low of that Nike tic, so you get the Fibonacci extension. Okay, and then you pull out your 127.2. By right on the 127.2 mark, which is here, price will do a reversal. Okay, so this is where we would have entered for ourselves. It looks like the sell already happened. It looks like price already went there. Okay, and now it's pulling back. Okay, so where do we sell it to? The seller will stop at I minimally will go to 23.6%. Okay, minimally will go to 23.6%. Okay, this is based on this strategy. Okay, so based on the Nike tic strategy, we notice why is there, why is this so long? Just give me a sec guys. Why is this so long? Okay, I'm going to get rid of this so it's not so messy. Every time when I look at my charts and it looks Nike tic strategy, stop one tick behind the high, right? Yep, the aim is to get at 23.6%. Okay, so the thing that we noticed, okay, got rid of the wrong one. So it will do 127.2 and then from this area kind of pull back 23.6. Okay, so that means ideally based on this strategy will pull back to kind of this area and then you kind of take profit here and then from here it does whatever it wants to do. Okay, it can go up, it can go down, it's up to price because the point is that we're getting in here from here to the sell so it doesn't really matter what happens afterwards because it's already hit our take profit. Okay, so the thing is I was hoping that the 23.6 landed here actually because then it will be a confluence with the horizontal pullback support here but in this case it's here. I do see confluence here as well. It would be here. The confluence will be in this area. Okay, kind of like someone in this area because it kind of coincides with the swing low. Okay, not the best support area but I mean I will acknowledge that there is a support area there. Okay, what I ideally wanted to see was the swing low being the 23.6 landing here. Okay, but in this case it didn't land here. Let me see where the swing low would land. Okay, if it came here the 23.6 was there. Okay, I know why it's not landing there already. Okay, I know why it's not landing at 23.6. Okay, because the swing low I'm supposed to take is from here and the swing high I'm supposed to take is from here and then we pull out the 23.6 level. Okay, so yeah, so it does line up at this swing high here. Okay, so the idea is that you get in here. It will be clear if we move down to the four hours. Okay, even the one hour actually. Okay, yes, so the idea is you get in here at the cell entry, you sell it to the 23.6 and then after that whatever happens, your stop loss you just put it, your stop loss you put it at the, we'll need to go back to the biggest timeframe to show you how to do this. Okay, this stop loss will put it at the 138.2. Okay, so 138.6. So, our stop loss, our entry would have been 127.2. Our stop loss will be the 138.6 and our take profit will be the 23.6. So, okay, this is just one strategy. What is the success rate that you have experienced with the Nike take strategy? Okay, so like I said, this Nike take strategy based on our own back testing, we have found that it works about eight out of ten times. So it works very, it works more times that it doesn't work. So therefore, when I see this, we will try, we do try to take it. Okay, we do try to take this trade. But there are times again, of course, no strategies hundred percent doesn't work all the time. But we just noticed that a lot of times it works. So a lot of times we will take this kind of trade. Okay, especially if there are other things that are lining up. So the other things that are lining up, I wanted to see like the 127.2 area. I want to see more Fibonacci confluence. That means I want to see more Fibonacci levels lining up there, more reasons for us to believe that price is going to reverse there. But in this case, I already tested it just now. Okay, we already tested this early in the day. And the only level that lines up here is the 127.2 and the swing high here. So is that a good enough reason to believe price is going to reverse from here? I think it's an okay reason. It's not the best reason to believe that price is going to reverse from here. But it is like, like if I have to talk about probability wise, or like how biased I am, I think I'm like 65 percent bias that price is going to reverse from here to here. Okay, I'm like six, okay, 70 percent, sorry, maybe about 70 percent. I have 70 percent confidence that price is going to do this like pull back from here to here. And then you take your profit because then this would have been a really, it's a really good scalping trade, I think. Okay, this is a really short trade. This trade will probably play out in a few hours. Okay, let's say you get in at the best entry possible, you put your stop loss here. Sorry, the best entry will be somewhere between the sell entry and anywhere higher. Okay, so it will be around 1.8, a really good entry. But in this case, price is already on the way down. Let's say price will to pull back up one more time. That's your second opportunity to get in. If not, just skip this trade. Okay, just skip this trade. This is just one of the many trades that are available on the markets and the many trades that are available on the charts. Okay, so you don't have to force a trade. This is just one trade that I saw. Okay, and the probability I think is maybe like 70%, okay, I'm only 70% confident with this. Hi, Dianne. Are you mentioning numbers in your stop loss, take profit, which are different from the charts? I haven't mentioned any numbers. I'm only highlighting zones that could be your stop loss, take profit and entry. I haven't actually mentioned any numbers yet. The numbers you want to look at, these are your zones. So basically, for those who just joined or a bit lost, why am I even drawing this sell entry here? It's because, okay, it's because like I was saying here at Everest Fortune Group, we focus a lot on like research and backtesting. And from our backtesting, we noticed this strategy called the Nikitik strategy, it's probably named something else. Okay, but we named it the Nikitik strategy. If you Google Nikitik strategy, probably will come out at Everest Fortune Groups website or whatever. Okay, so this Nikitik strategy, we notice that every time price does this like take kind of pattern, it tends to go back to the 23.6% people actually retracement. So the thing that I'm calling is the possibility that price will reverse from this area, which is the sell entry here and the swing high here, the 127.2 Fibonacci extension to this 23.6 Fibonacci retracement area. Okay, so that's one probability, one possible trade set up. Okay, that is one possible trade set up. Whether you guys want to get in on that trade is entirely up to you. Okay, it is entirely up to you, but this is one set up that we do use sometimes. Okay, this is one set up that we do use sometimes and this is set up that you can consider. Don't get into a trade unless you are confident with this strategy. Like I was saying, I do see regulars here like Jamilu, Richard. No, there's a few Richard's here today. Okay, I know, let me see. I know Richard Yoh is irregular. Okay, Jamilu and Summit. Okay, you guys are regular, so you know about this strategy, but for those who are hearing this strategy for the first time, don't get into this trade just because I told you about this strategy. Go and do your own backtesting and see if it really works. Okay, just see if it really works. So again, what we notice is every time there is like a tick pattern, we notice that it will pull back 23.6%. Every time there's a tick pattern, see there's a tick pattern, that's an inverse tick. Okay, it will pull back 23.6%. Okay, so right now it's doing a tick pattern again. Our bias is that it will do kind of like this reverse it might or might not happen. But again, based on backtesting and yeah, I know it very well. And apply the fit. Yeah, that's right. How do you know that the uptick hasn't stopped to take the trick? That's why we use the 127.2. Again, based on our backtesting, we notice that 127.2 is the level that price tends to go to and then reverse. It can be higher, it can be higher, it can be lower, but a lot of times 127.2 is the level that it reverses. Okay, everyone clear for now? Okay, again, let me repeat one more time because I have people asking the same questions like the same questions. So the thing is with this Nike take strategy, every time price does a tick pattern, it tends to go 127.2 and then from 127.2 it pulls back to 23.6%. If it reaches TP and go back and three level can one reenter and sell again? Okay, usually if it already reached the take profit, we don't enter a second time. We notice this happens. What we notice, okay, is that it does it one time and then from here either it will do a breakout or it will continue up. A lot of times it continues up. When we did our backtesting, we noticed that once it reaches 23.6, it will continue with the trend that it was doing. Okay, so usually if it goes back to your entry a second time, do not get in the second time. It only works the first time. Okay, so this is just one strategy I'm showing you guys. Okay, so now that we are, if everyone is clear with the Nike take strategy, I'm going to show you guys the strategy that I usually use. I'm going to duplicate the screen. I'm going to leave this here. So one setup that I have for you guys today is a possible sell from 127.2 Fibonacci extension to 23.6 Fibonacci retracement. Okay, these are not numbers. Okay, I think I know why some of you are confused thinking that I set some numbers. The numbers I'm saying are Fibonacci levels, not numbers on the screen. The numbers on the screen are here on the right side. Okay, so anyways, I'm going to show you guys on the normal day how I usually chart XAUUSB. If I didn't see that Nike take pattern, okay, if I didn't see that take pattern, I would have totally just used my own trading style. Okay, so my own trading style is not like that. Okay, so I'll show you my own trading style. Okay, my own trading style. I'm going to get rid of this. My own trading style for those who joined my webinar very frequently, you will know my trading style requires the trader to look for trend. Okay, so trend is very important in my trading style. So I need to know if price is going on an up trend or a downtrend. Okay, so I just want to know if you guys are still following me. Can you guys let me know in the chat box if you think price is going up or down. Do you think price is on an up trend or do you think price is on the downtrend? Just from looking at the charts. Okay, so you got answers coming in. Thank you, Jamilu. Thank you, Muhammad. Thank you, Richard. Thank you, Brian. Thank you, Sean. Thank you. Thank you, Jo. Or Ma. Bami. Bami Dali. Okay, thank you. Okay, so I think majority of you, I do have different answers, but majority of you answered. Thank you, Sibu. And thank you, Bright. I know why my, the room seemed really dark. It's my glasses. It's not the lighting of the room. Okay, so hopefully this gets better. Okay, this is so much better. Okay, so. Okay, thank you. Let's solo money. Thank you, host. Okay, so there are different answers. I do see some of you saying down. I do see some of you saying consolidating. Okay, so the majority of you said up. Okay. Let's see what, what I think it is. Okay, so usually when I'm looking for trend, it's very easy for me to look for trend because the first thing I do is I either look for channel or a trend line. So if I look for channel, I can easily answer my question is price going up or down. Okay, so in this case, this, I do see a trend line, but this is not valid trend line because a valid trend line would be three touches. So in this case, there's only two touches here. So this is a valid trend line. Okay, so I won't using this trend line. I cannot say that price is respecting the trend line. If I use a channel. Okay. If I use a channel, price looks like it's going nicely up this channel, but I wouldn't say it's, this is a valid channel. Okay, so our rule for channels is that it needs to have two touches at the bottom and two touches at the top. But right now it only has, it only has one touch at the top and two at the bottom. So this is not a valid channel. Okay, that being said, it doesn't matter. I can still identify trend without the channel and the trend line. How do I identify trend? The rule, the most basic rule of identifying trend is higher, high, higher, low or lower, low, lower high. Okay, so in this case, the highs are getting higher. Okay, we can see higher highs, higher lows. Okay, so based on this very simple rule, I can establish that price is going up. Okay, it's going up kind of like in this pattern. We couldn't draw it in a parallel channel, but yes, it is going up in my opinion. Okay, so now that it is going up, now that I know that it's going up, I feel like we have one half of better. Okay, why? Because if I know trend is going up, I should be entering for a buy or a sell. If you guys know that trend is up, do you guys enter for a buy or sell? Just quickly let me know in the chat box. Well, I highlight some support resistance area. Okay, I think everyone is in agreement. Answer, answer, up. I will go out and I'll enter for a buy, buy, buy, buy, buy. Up trend. We do have a few people saying sell. Majority of you are saying buy. Why? Why? Because although price is always going in a zigzag motion. Okay, price is moving, price is constantly retracing. Ideally you want to get in here for the buy. You want to get in here for the buy. You want to get in here for the buy. Okay, you can get in here for the sell if you want to. Yes, I'm not saying that if price is going up, you can, you cannot go in for a sell. You can, but it is going against trend. And we try to follow trend because it is safer. Okay. It is safer to follow trend also because if the trend is going up and you enter for a buy, the momentum can push you to your take profit easier than your stop loss. Okay. It is a buy or it's a low and sell price. Yeah, that's right. Okay. So if you are entering a buy and the momentum is up, it's easier for momentum and the trend to push you up. So if we follow the trend we buy, but if we're following like it takes strategy yourself. Yeah, that is exactly right. Leah. So the Nike take strategy, although very good, very good observation. Okay. So Leah was saying that if the trend is up, we should bring for a buy, but the Nike take strategy is telling us to sell. Okay. So the Nike take strategy, I personally, I don't use the Nike take strategy. I mean, if I see it, then I will consider using it. Okay. But I don't like to use it because it is going against trend. You are calling the Nike take strategy always calls for the pullback. So the Nike take strategy always plays the pullback, the little bit of pullback price can be doing this. Okay. Price can be doing this. Oops. Price is going up. It does a pullback. It goes up. It does a pullback and then it continues going up. Okay. On the long run price can be going up, but the Nike take strategy asked. Okay. That's a good idea. Okay. The Nike take strategy. It's a strategy that requires the buyer to go against trend. So although I do acknowledge the Nike take strategy. It's quite effective. Okay. Like I said, out of 10 times that we spot the Nike take, the Nike take out of eight times it will play out very nicely. Okay. So it's a eight out of 10 times strategy. It works, but I don't like playing it because it's going against trend. I much prefer waiting for price to get here. And then from here, enter for buy. Okay. I much prefer. Okay. That's my own preference though. Like I said, that's why there's no, I'm telling you that you cannot sell in an uptrend market. I'm just saying that I think it's dangerous. I think it's more risky. I think it's more risky to go against trend. I rather go with the waves. You know what I mean? And then let the waves push me to my take profit. Okay. So, but that's my own personal opinion. Again, guys, remember everything I think you guys for this webinar. That is why the disclaimer is so important. It is to remind you guys that whatever I showed you guys in this webinar is based on my own trading experience. And a lot of it is based on my own trading style as well. Okay. So if you are someone who likes to trade against the trend and it works for you, definitely go for it. But my style of trading is I like to follow the trend. Okay. So I think everyone is in agreement. Okay. Wait for pullback first before I buy. Okay. So Christanto is definitely on the same page as me. Christanto said that it does daily take time frames. I'll probably wait for the pullback first before buy. So my style is to wait for the pullback and then enter for the buy. That is my style, but they are traders who wants to enter right now for the sell, sell it to the end area of the buy and then at the buy area, enter again for the buy. So I don't know if you want to chase every trade. It's kind of dangerous. I feel like it's not necessary to chase every trade. Like every time there's a sell, you enter, every time there's a buy, and then you buy, sell, buy, sell, buy, sell. You can, if you want to, like my own, my own risk appetite is not like that. Okay. So 95% of you answer buy. So we will be looking for a buy entry with this setup. Okay. So I'm going down to the smaller timeframe to see what I can get. I'm going to move this up because it's more accurate. It's closer to price anyways. Okay. So what I would do just like a very quick bias, right? Just a very quick analyst analysis. I would immediately wait for a pullback here. Okay. Wait for price to pullback to this area. In this area, I get in for a buy. Okay. Only if price pulls back to my area, do I get in for a buy? I don't just get in for a buy now. Okay. Because you do not want to get in for a buy at a bad entry. Okay. You want to get in at the best possible entry. So my best possible option, I think for the buy would be the pullback to this area here. How do I know that can be a good pullback? Now I pull up my other things. I pull up my Fibonacci. I pull up all my other things to see if anything lines up there. Yeah, that's where the 23.6 is, which coincides with the Nike pic strategy. Okay. So this is the area. I'm going to highlight this area. I remember support resistance is never one simple number is always a zone. Okay. So this is the zone of where I think price is going to reverse off. Okay. That's one thing that I can see other than that. I don't really see any opportunity to draw any Fibonacci levels. It's okay. Now I'm going to pull out the indicators to see if the indicators agree with me that it is a buy. If the indicators, if I pull out the indicators and indicators, tell me it's not a buy. It's a sell. I will immediately stay out of the market. Okay. I will immediately stay out of the market because I want the indicators to agree with my analysis. If I don't agree, then why am I risking going against the indicator? Okay. I'll just skip the trade. And if I lose this, if this trade goes to take profit, then I just miss the trade. If it goes to the stop loss, then I just save myself some money. Okay. So based on itchy, Moku price is still on an uptrend. It is agreeing with our analysis. So let's remember. Okay. Moku agreed with our analysis of the buy. Okay. Now let's pull out other indicators. Another one I want to use is DMI. DMI is Directional Movement Index. Another one I want to use is Stochastic. Oh no. Let's not do Stochastic one. Okay there. Stochastic. Another indicator I want to use is. Okay. So my account is the free account. I don't think I get to use so many indicators. Okay. We just need to remember itchy Moku is agreeing with our analysis. I'm going to delete itchy Moku so I can pull up more. I think I can only use three free indicators. Three free indicators at a time. Okay. RSI. Okay. I want to see what these three indicators are telling me. Okay. If I'm looking at a DMI, DMI is an uptrend. DMI is the uptrend and trend is strong. Okay. So itchy Moku agrees with us. DMI agrees with us. The overall uptrend of higher high, higher lows agree with us. So we have three reasons. Is itchy Moku set up by default? Yup. Itchy Moku, I just used the default settings. I do not change the settings for itchy Moku. Okay. So everything about trading is logical. Okay. There's nothing about trading that is emotional. There's nothing about trading that is like feeling. Like, oh, I feel, I woke up today. I had a dream that goal is going up. No. There's nothing about trading that is like by feeling or like that. Okay. So everything about trading has to be logical. So I tell you guys that it's a buy. I now need to give you reason why I think it's a buy. So the indicators and the charts need to tell me that it's a buy so that I can tell you it's a buy. Okay. I need to have a reason. So everything about trading is very logical. The rest of the indicators by default too. Okay. RSI. I use default. So 14. Stochastics. I use 21, 5, and 3. Because based on our back testing, we notice that 21, 5, and 3 works quite well. Okay. So 21, 5, and 3 by default. I just usually just change it to 21, 5, and 3. RSI. I just leave it. DMI. I pulled out the DMI. It is by default. So other than Stochastics, the rest is default. Okay. So DMI agrees that it's a buy. Ichimoku agrees that it's a buy. The next one is Stochastics. Does Stochastics agree it's a buy? Okay. If anything. Stochastics is saying it's a sell, which is perfect for our analysis. Remember our analysis is. Price needs to pay. Price needs to pay. Remember our analysis is. Price needs to pull down first, only after it has pulled down. Here you enter for a buy. So if we're looking at Stochastics right now, Stochastics is kind of saying, okay, we're at the overbought area. It's time to pull down, which is perfect. If it pulls down, then it will pull down to our entry. We need price to go to our entry, then we can get in. Okay. Guys, give me one minute. I'll be back. I don't know why the alarm turned on. I don't know why. It's probably by accident. The alarm was ringing in the background. Okay, so, which is perfect. So Stochastics, it's not, it's not really agreeing with our analysis, but then again, it's not going against our analysis. It's kind of bearish divergence. Let me see. I'm trying to see the bearish divergence. Okay. So our Stochastics is okay. We're going to get rid of Stochastics. I'm not saying our assing has a bearish divergence. Let me see if I see the bearish divergence. I guess I kind of see it, okay. I do kind of see like a slight, I do see a slight divergent here. Okay, that's one. What's this? First, there's this one here. Okay, but that one's over already. Okay. A second one is here. I do see the bearish divergence. Thanks Jamilu. Okay, so I do not like divergences. I really don't like divergences. I think I didn't, I don't know it was last week I took you guys a week before. Ethereum, everything was showing a cell, everything, all indicators showing a cell. Ichimoku, Stochastic, Trendline, blah blah blah, everything is showing a cell. And then RSI was showing a bullish divergence. Guess what, RSI was correct. So 100 indicators. Okay, so good catch Jamilu. Okay, guys. Right now, a lot of signs are pointing to buy. Okay. But there's a bearish divergence RSI. So the thing about bearish divergence is that price on the charts is going up. But on the RSI, it's going down. Okay, so the RSI which is a oscillator is showing otherwise. So it is the, right now so far we pulled out four indicators, right? It is the only indicator that is showing us otherwise. Okay, so if you do want to enter this buy, my advice to you is, okay, you have two options. Okay, number one. Don't enter at all, totally skip it. Okay, why, like sometimes when I see divergence, I immediately skip the trade why because I have been burned many times before just like Richard. I have been burned many times before by divergence. Everything is telling me it's a buy. The news, even fundamental analysis telling me it's a buy, everything, all technical analysis telling us a buy, suddenly there is one bearish divergence. And then the bearish divergence is correct. So if you want to enter this, you have two options. Number one, don't even enter at all. So if you are going to enter this, go in with a small lot. So if you usually risk 1% for this, maybe today, maybe if you want to enter this buy, you can risk 0.5%. I can't see why gold would go down today as the US is weak. Yeah, exactly. So even fundamentals is saying that there's no reason for gold to go down, but we're not going to ignore that there is a bearish divergence. So whether you want to take this bearish divergence into consideration is entirely up to you. I won't say it's the strongest divergence. A stronger divergence, I would like it to start from here. So that means from here there was already a swing high, and then it's making lower lows. Okay, but I will acknowledge that there is a little bit of divergence here. So whether you want to take this into consideration is up to you because of this divergence, let's say just now I was, let's say before I saw the divergence, I was like 85% confident of this buy trade. Now that I see the divergence, I immediately am like 70% confident only. Okay, so my confidence level for this trade immediately decreases because of this divergence. So whether you still want to take this trade is entirely up to you. I will probably take this trade but at a very, very small lot size. I will take it at a very, very small lot size. Usually I risk 1% maybe today I'll, if it reaches our entry, I will probably risk like, I don't know, 0.3% maybe. Okay, so this will be our possible buy entry, take note of the divergence. Okay, the divergence may be a warning not to get in. Okay. See, it's very hard because you have one thing telling you not to get in but you have so many other things to tell you to get in for the buy. So who do you listen to? Do you listen to 10 people or do you listen to one person? Okay, but that one person every time that one person speaks, it's very accurate. So who do you listen to? That's entirely up to you guys. What you can do is put a very tight stop loss so that if you are getting in, how many indicators do you look at before jumping in? I usually look at Ichimoku, Stochastic, RSI and DMI. So I look at four. Okay, these are the four. Stochastic and RSI, my only reason to look at Stochastic and RSI is to look for divergence. Okay. It's opportunity to use the, yeah, it is the opportunity. So maybe if you want to get into this sell you can but honestly it's not at the entry. The entry is 2,000. So it's a bit far from entry already. I don't recommend you getting in when trade is already on the way to take profit. Okay. The only reason I use RSI and Stochastic is because I'm looking for divergence. If I don't see a divergence, I immediately take it as a green take. When I see a divergence then I need to think 100 times whether I want to get into this trade. Okay, so that's how it is. Okay. Sorry, Richard, I don't really understand your question. Okay, I'm going to move on to the next one. I think Jermilu is requested for another trade. Yeah, Jermilu is requesting for USDJPY. Let's see what USDJPY has for us. Yeah, so that's the thing. So depending on how you're using the Stochastic, it could have been read a different way, but I will not, like, I will acknowledge that there was a slight divergence still. So yeah, there is different different ways to look at use the Stochastic. One single indicator, there's so many different ways to use it. So Richard is right. So Stochastic can be set on exponential as well. Okay, so there's different ways to use it, but I just saying that divergence makes me just makes my confidence level not that great. Okay, so you guys decide whether you want to go in. My job for today is just to analyze the charts together with you guys. Hopefully we find something else. Okay, so let's start with USDJPY. Okay, USDJPY. I do see price going on a downtrend. Kind of back with this. This looks like it's more like a retracement and a continuation downturn. Okay, so there's two ways to read this number one. So you're using a different average with that. Okay, so the Stochastic set that I use is just this. Talking about stocks, right? Yeah. This is, we find that it's good enough to give us like enough information. This is like what we find to give us enough information. Okay, give me a sec guys. I just got a notification saying that the internet connection is low. Can you guys let me know if you can still hear me loud and clear. Can you guys let me know if you can still hear me loud and clear? Okay, everyone can still. Okay, I'm just going to ignore this notification then. I saw a notification that says that says that. Before I continue, I did see someone say something. Is that not a bearish crowd? Okay, Siebel Siebel. Okay, let me see if that's a bearish crowd. So a bearish crowd is just a chart pattern, right? It's just a chart pattern. Okay, a bearish crowd kind of looks something like it kind of looks something like. Okay, let me try to draw the best. I don't really use bearish crowds that often. But I know it looks kind of like a head and shoulder. Kind of looks like a head and shoulder. Okay, so give me a sec to identify the bearish crowd. Okay, even if this, this other pattern here. Thanks Siebel Siebel for the, for noting up. The streaming got cut for a while a few seconds a while ago. Okay. Is the streaming okay now? Is the streaming okay for everyone now? Yeah, it was a bit laggy a while ago. Okay, now it's okay. Can you check and give us forming head and shoulder? Okay, everyone is good, right? Everyone is good. Okay, so the bearish crowd that Siebel Siebel was speaking, it kind of looks like a head and shoulder pattern. So usually after a bearish crowd pattern, something like this. Okay, it will usually continue with a downtrend. That's why when I was looking at the chart just now I was asking there's like two scenarios. So the first scenario is that it's pulling back, it's just doing a retracement and then it's going to continue down to downtrend. The other scenario is that this is already uptrend. Okay, that's the other scenario. So I guess for the bearish crowd to work the same with the head and shoulder, you need to break the neckline or you need to break some kind of area to validate that the bearish crowd works. I guess in this case it will be around this area. The bearish crowd needs to pull back to this area. Here will be the deciding factor whether it's going to go up or go down. Okay, so that's one. That being said, I think trend is not very clear for USDJPY. Doesn't matter. Right now we're just going to highlight support and resistance and from that we're going to decide. And USDJPY is not forming a head and shoulder. Okay, so another percentile is spotted a head and shoulder. Okay. A lot of bearish. Okay, thank you. Okay, so there's two chart patterns now kind of showing. Okay, the most recent shift appears to make it a short track. Okay, there's two patterns now that is pointing downwards. Let's see what we can establish from this. Okay, one thing, first things first before we even chart USDJPY. Let's see if there's news tonight on USDJPY. If you guys didn't know at the bottom of the chart, do you see these circles here? If you guys didn't know this is where you can look for news. So, Fed Press Conference, FOMC, Fed, all this is on the 23rd. Today's the 22nd. Sorry, today's the 20th. This is not relevant to our analysis today. Today headlines for USDJPY. Okay, I think we're good. Okay, so why am I looking at that. My style of trading is totally technical analysis. I do not treat fundamental analysis. Therefore, if I know that there is major news coming on that day, I don't treat at all. Okay, I don't trade because your technical analysis can show you, tell you that it's going up or it's going down. Tonight, the Fed meeting, FOMC data or whatever data comes out and it's performing better and expected. When that happens, all your analysis is out in the door. Okay, that's why when there is news, I don't trade it. I was saying the beginning of the webinar, if you have fundamental analysis questions to ask, don't ask me. I don't specialize in fundamental analysis. I specialize in technical analysis. Okay, so that's that we're going to look for support resistance. I'm a little bit more biased on bearish because of you guys showing me all the chart patterns. But let's see what the chart says. Okay, let's see if the chart tells us otherwise. Okay, so the first thing first I see on the chart is that price was moving on the uptrend. Okay, it was kind of moving in a uptrend, but that uptrend has ended already because price broke, meaning that the bearish momentum is strong. At this current point of time on the daily, I am more biased towards sell than buy. Okay. I am more biased towards sell than I am to buy because of the two chart patterns and because of this break of this trend line. Again, whenever you decide something in trading, it needs to come with reason. So my reason for believing that it's a sell is because I think that trend, the bullish uptrend here is so weak. It's so weak. It only pulled back a little bit. This down, it pulled back a little bit. And then now it looks like it's continuing with the downtrend. Therefore, I want to look for a sell entry. Okay, I am more biased to look for a sell entry. It could be a very, yeah, it depends on the dollar chart as well of course. Okay, it could be a very short sell entry. Okay, but I'm just more biased on it being a sell. Again, trading or lower lows and lower highs. Yeah, lower lows and lower highs, especially on this world time frame as well, can see that chart is kind of forming this short structure anyways, this downtrend structure anyways. Okay, so I am a bit more biased that it is a sell rather than anything. Okay, so I'm going to look for analysis. We only have five more minutes left. I'm going to look for analysis on USDJPY. Okay, I'm more biased on the sell. Therefore, I'm looking to play a breakout here. Okay, let me see if I want to try something else. Okay, I don't think that's very strong support level. Maybe this would be a bit better. Okay, I think the structure of the charts isn't beautiful. I cannot use Fibonacci in this level because Fibonacci requires you to take the swing high and the swing low to get your levels. Okay, in this case, the swing low is not completed yet. Can you see price is still moving downwards or I don't know if it's going to reverse here. I don't know if it's going to continue going down. But the fact that it has not completed, it has not done a new turn, means that the price is not complete and therefore I cannot use this swing low to look for Fibonacci levels. Okay, so instead of playing, looking for a pullback, so usually when I already made my decision if I'm going for a buy or sell, I now decide where I want to get in for the buy or sell. Okay, usually I will try to look for a pullback area. I want price to pull back to an area when it pulls back, that's the area where I get in for the buy, just like go. Okay, just like go. I'm waiting for price to pull back to this area here and then from here I get in for a buy. Okay, so that's a goal. In this case, I don't really see a pullback because the structure of the charts is not great and also I cannot use this structure to find Fibonacci levels because this is not a complete low. So therefore I am going to have to play the breakout instead. So if to play the breakout, it's, it's fairly simple. Okay. Number one, you need to identify key level. So the first key level that I noticed is the support here. Why did I chose this support because we can see price came here a lot of times it comes here. And the hard time breaking, it's rejecting, it turns back. Finally, breaks comes here again, rejects, rejects, rejects. Okay, so this green support here is definitely I will acknowledge a place of support that price has a hard time breaking. Okay, so it is a significant level. Other than that, we see there should be a just like there's a 61.8 or 78.2 lining up there. 78.6, sorry, 61.8. Okay, no Fibonacci levels lining up there, that's totally fine, we don't need to force it. Okay, I'm going to get rid of this, it's not relevant to us. Okay, so this is going to be a very simple trade. The simple trade is that if price breaks this area, I'm going to wait for a pullback. I'm going to let it pull back to here, here when it and when it pulls back, I'm going to enter here for the sell. Okay, that's as simple as it can get. Okay, this is going to put my take profit here because I want to get the closer swing low, actually the swing will be here. Okay, this will be even closer one. So you can put it here if you want, you can put your take profit here if you want, but I mean I see this one here so I'm going to put this one here. Okay, if you want a safer take profit, a closer one, you can put it at 129212 if not just use the lower one. Okay, now that we have found our analysis again, whenever you make a decision, you need to back it up with reasoning. Okay, so my decision right now, if price breaks, I'm entering here for a sell. Okay, this will be my take profit. This will be my stop loss. Okay, how did I find this stop loss. This stop loss is only applicable once when I play breakouts, my criteria, okay, different trader have different styles, some traders when it break out, they immediately enter for the sell. My criteria for the breakout is that it must come back and do a retest at the retest that I enter for the sell. Okay, because this is to avoid fakeouts. Okay, fakeouts meaning that price looks like it has broken out, but it didn't actually break out actually is a fake out. Okay, it's a fake out. So I need a retest at the retest. If I see a reversal pattern candlesticks for those who don't know what reversal pattern candlestick just Google, we won't be able to cover it. Okay, reversal pattern candlesticks on Google. It's not a topic I can cover right now we don't have any more time. Okay, then you will see all the different common candlesticks reversal patterns you see it. If price gets this area, it pulls back retest you see a reversal pattern candlestick that is your confirmation to get in for the sell. Okay, so now that I have gotten my analysis, I need to back my analysis up with indicators. I always back my analysis up indicators, because the indicators is just double confirmation or triple confirmation for me whether I can get in or not. Okay, so let's see what each of Chimoku is agreeing it is on a very strong downtrend. Okay, Chimoku is a very strong downtrend. There's no reason for us to believe otherwise until we pull out RSI and statistics then we will know if there is divergence. Okay, the MI is on a very strong downtrend. Okay, red, the trending trend the red lines above 25 blue is below yellow that is a very strong downtrend. Very, very strong downtrend. Chimoku, DMI both agreeing that it's a sell. Okay, it's time to see if there is. Okay, it's time to see if there's divergence. The minute I see a divergence, my confidence level for this trade immediately decreases. Okay, so let's see if there's divergence. I never want to see divergence obviously, but if there is then I'll just take it as it is. Okay, so divergence, divergence in the case of statistics and RSI is very simple. If price is going down on the charts on RSI, RSI and Stochastic price should be going down as well. If it is going up, that is RSI and Stochastic's way. Why did you put the stop there? Okay, so usually for breakouts, I will put the stop. I was trying to avoid this swing high here. Okay, I was trying to avoid this swing high area here. So I usually put it on top of that area. Okay, if I put it above here then it'll be too far away. Okay, then the risk to work doesn't make sense anymore. So I think to be safe but not too safe, like just good enough, I will put my stop loss around this area and hope that when price comes in, it does not wick me out. So my stop loss strategy, I don't really have like a Fibonacci level or reason why. I usually look for key levels and put it slightly above or below this key level. In this case, I was trying to avoid this area but this area is too huge. It's too wide. So my best bet is to put it just slightly above this area and hope. Okay, I'm just going to, it's really too wide. So I'm just going to put it above this area instead. Okay, I'm going to put my swing high above this area instead. My stop loss above this area. So if price were to come back and retest, okay, hopefully it doesn't wick us out. Okay, as I bullish divergence, Jamiro is really good with this diversion stuff. Okay, so I see it, I see Jamiro. Hold on give me a sec. I see the bullish diversions. Okay, it's not a strong one just like gold. I see the diversions but it's not exactly the strongest diversions. Let me try. Yeah, I don't love it honestly. I do not love this charts right now. In this big world, there wouldn't be divergences but if they are, we are going to acknowledge that we are here. We cannot pretend that we don't see the divergence. I do see the divergence it's a very tiny one. It's just like the tiniest diversions in the world. Do you want to take this into consideration. Again, up to you guys, we just need to acknowledge that the divergence is here. So Ichimoku is saying it's a strong downtrend. DMI strings is a strong downtrend. RSI now says that there is a very slight bullish diversion. Okay, a very strong bullish diversion will start here at the top of this uptrend here. Okay, that's a very strong one. But in this case, it only started halfway here. It started somewhere around here in this area. I will acknowledge that it is there. Whether you guys want to take it into consideration is up to you. Okay, same for, same for stochastics. Okay, showing a very slight, a very, very slight bullish diversions because look, for sure guess how to spot it. Okay, by right here is making string, string highs, right. And here's another string high. Okay, but on the RSI and the stochastics. Sorry. On the, on the stochastics, it's making swing highs rather than swing lows. So there is a slight, do you see that slight higher high here, but by right price is going down here. Okay, so that is already diversions. Another thing is, it's supposed to make lower lows here. Instead, it's making higher highs here. Okay, so both RSI and stochastics are showing slight divergences. Do you want to take it into consideration? It's up to you. Before I pulled out the RSI and stochastics, again, my confidence level for this cell was like 80%. Now that I see the slight divergences, I am now like 60% confidence. Okay, so do you want to get into this trade? It's entirely up to you. I think for goal, looks like the Nike tag is playing out very well. Okay, Jamilu, not Jamilu. I think Summit, yeah, so Summit, you would have saw my analysis this morning. This morning I already caught for this Nike tag. Hopefully you got in. You were in my, you did see it right. I hope I'm not, I hope you are the same Summit from this morning. You are the same Summit from this morning. Okay, so this morning I already caught for this Nike tag looks like it's playing out quite well. It's already halfway through. It's already actually almost reaching halfway through our take profit. My next question is, will it be able to do the buy? Okay, will it be able to execute the buy? Okay, if this cell plays out, then that's great. We missed it already because when we started this webinar, price was already on the way to the take profit. That's okay. We can miss trades. Nike takes happen all the time. We don't need to boss this Nike. Okay. Yeah, so that's all I have for today. XAU and JPY. I have a very, I have a buy for XAU, USD. Take note of the RSI, that bearish divergence that Jamilu spotted. The gap gives me confidence with all that. Okay, and USD, JPY, I wanted to sell but now I see these two divergences here ruining our plan. So I'm a bit not confident. Okay, where do I think GoPro will resign? Okay, so I'm actually, on my own trading style, I actually use a lot of Alien Wave. Okay, I don't know if I taught you guys Alien Wave before. For those who like regular such as like Jamilu, I just taught Alien Wave but for the rest of you, I don't know if you've already learned Alien Wave. So based on Alien Wave, gold should be in an uptrend. If there is a price going down, it should be just a pullback rather than a downtrend. Okay, we're actually over time by 10 minutes but I don't mind going longer if you guys don't mind staying longer. Okay, because I don't have anything else to do today anyways. How do I catch you always please. So I'm always, I'm always doing webinars for average fortune group so you can try to spot average fortune group stuff. Okay, so this might take for gold. One, two, three, four, and five. Is this recording available? Yes, this is recorded. I'm just not sure where they post it. Please approach, take mail, because when I started this webinar it says it said recording in progress. So I'm sure someone will take this recording and post it somewhere. I'm just not very sure where it will be. Okay, so based on my analysis, gold is on wave three. Okay, this is my analysis for gold. So my analysis is on a long term goal is on uptrend. If it pulls back, it just means that it is doing wave one, two, three, four, five. If it pulls back, it has to happen. Pulls back have to happen. Okay, price don't go one straight line up. It always moves in zigzag. So if you see price going down for gold, it means that it's doing the retracement or the pullback. Okay, so that's all I have for you guys today. I don't know there isn't a certificate. Thank you, summit. Yeah, we do have that tomorrow. Recording please approach take mail. There's no certificate. Thank you summit. Oh, thank you Richard. Okay, so Richard has answered the question recordings on YouTube take mail account is about account in about three days. Okay, thank you Richard. Okay, so I'm sorry, I won't be able to teach you this today because this is a little ways not something you can learn in one hour for sure. The email must be a new to take me account as well. Yep, that's right. Okay, so that's all I have for you guys today. Thank you so much, everyone. I will catch you guys again next week. Eventually, I only see how did you draw that. Okay, you can go here under the tea you see this. You see this pattern here, but if you don't know a live wave you wouldn't be able to draw this out anyways. Okay, so you need to first learn a live wave before you use these drawing tools. Yep, that's right. Okay, thank you everyone. Thank you. Bye everyone. Thanks for joining today's webinar. I will catch you guys again next week. Bye.