 a few questions to go through. So first question was, and this wasn't actually in the group, but it's something I thought I would go over, right? And I think it would be good for the new traders because it's really a great example. And I guess the example that I'm gonna use is a really good example of buying the rumor and selling the facts. So on YouTube, I've got a question or I guess a statement, I think it was a question because it was a question about beyond it. So buying when everyone sells and selling when everyone is buying is equal to buy the rumor, sell the facts. And for the guys that are in here, you understand about fundamental analysis, right? But for those of you who are possibly new or just catching up, it's really important that we apply fundamental analysis. So I'm not saying it just because it's something, it's just an extra thing for you to learn, right? It's something that is literally a must because the big money, the guys that are and say the guys, but the masters of the universe, the people that are trying to control the valuation exchange rate of the currencies, they use fundamental analysis. So for example, inflation, economic cycles to really kind of control, I guess the valuation of the currency via monetary policy like raising or hiking or holding or cutting interest rates and things like quantitative easing and quantitative tightening, right? But it's impossible to know how to buy the rumor, sell the fact if you don't apply fundamentals because you can't look at a price chart without understanding what the rumor is, right? If there is a rumor at all, right? Can anyone look at this price chart and decide what the rumor is? Yeah, and when the rumor started, it's impossible, right? It's absolutely impossible. So it's like looking at I guess a painting and not understanding whether Picasso painted it or Peter down the road painted it, right? You wouldn't know the value or the exchange rate or of that painting, right? You need to understand the fundamentals to know its value, whether it's cheap or a bargain or if it's expensive, right? So understanding buying the rumor and selling the fact and ultimately fundamentals is all about buying ahead of time, it's all about buying the rumor. And so what are the rumors? The rumors are anything that is, I guess, going to determine the potential or change in value, a potential change in value of any asset, right? With currencies, it's generally stems from as we know, interest rates, whether they're monetary policy and that generally comes from the state of the economy as well as inflation targets, right? So we recently had, I guess, the rumor, right? So this article, I think it was today, right? There was an article that I put out in the CAD room which was this, oh, who's that? Who's that? That's excited like that. Igor, that's funny. Right, so Canada, right? So earlier today, there was a, oh, is it today I put it out? Let's see, let's have a look, let's have a look, right? Yeah, so put out an article pretty much today and it came out yesterday which was the, I think it was the 31st of May which was talking about the Bank of Canada set to deliver another Jumbo rate hike decision guide, right? So most retail traders will look at this and then they will go to, well, how many of you used to do this, yeah? Is go to decision, on decision day, go to somewhere like Forex Factory and then look to see if they high crates and if they high crates, if you added limited knowledge of what high crates rate hikes would do or cuts or holds would do to a currency which is generally looking at the impact, I guess, of a news event. And then if they hiked rates just literally pressed by or sell, yeah? So you're too late in many regards, yeah? And that's not necessarily a blanket statement because it depends on where price is but the point is is that this was known, this has been known for a while, yeah? So, at least over the past couple months as I've been saying, and if you've been keeping up with my fundamental analysis on a weekly basis and all the videos that I put out when I talk about fundamental analysis, I've been a buyer of the Canadian dollar for a very long time, right? I haven't changed my bias, just literally saying to me, anywhere I can't obviously give financial advice but I've been saying in my videos, I'm a buyer and these are the reasons why, yeah? Because if we look at the fundamental analysis spreadsheet, if we look at the fundamentals and everything surrounding the economy, inflation, what the central bank is saying, they're looking to hike rates, which is they're basically telling you they want to appreciate the currency. That's what rate hikes are. Rate hikes are basically them saying, oh, don't worry about being late, it's fine. It's being recorded, so it's fine. You know, the central bank is saying that they want to appreciate the currency. That's what their intention is for the currency, right? For it to appreciate and go higher, all though it depending on whoever it is to quote currency, right? So the central bank are telling you, but getting back to buying the rumour. Most, again, most retailers, retail traders are going to look at today and go, sit at their desks and go, well, we're going to wait for this rate hike and then I'm going to press buy and press sell. But the rumour started a while ago, right? The rumour started from a while ago and we can go back through the Canadian channel and we can go back, you know, for however long, but let's just start from maybe just about a month ago, right? A month ago, we were all talking about, you know, the, you know, Bank of Canada outpacing the Fed as inflation fears mount, yeah? So outpacing, so the Bank of Canada has hiked its policy rate by 50 basis points and has announced the start of quantitative easing. A strong outlook for growth is heightening, right? So there's all positive data, this is from the 13th and this was talking about Bank of Canada ready to tighten, tighten like the 1990s decision date. So this was the last time, this was back in April and they were talking about, you know, tightening, I think for the first time, but also you'll see that again, and as we know, we should know this, is that central banks, once they start hiking, it's known as a hiking cycle. So typically, they're not necessarily a one and done thing. It's literally, it's like, okay, we might hike once, twice, three times this year, four times this year. And especially if inflation keeps going higher and higher, which it basically has, right? So here we are. So it says inflation is trending higher, right? So inflation has been, you know, that's their 2% target and inflation has been going higher ever since, yeah? So Canada is the black one, right? So the US is the red, right? So inflation has been steadily trending higher, which then means that successive and so I say consecutive rate hikes are inevitable, right? So it wasn't, it's not a mystery. It's not something that we should say, oh, well, this took us by surprise. Buying the rumor, yeah, is all about reading what the, you know, the analysts are saying, you know, Goldman Sachs strategist says Canadian dollar is the preferred pick. This is back in March, yeah? So you look at, you know, the data and you look back and you start to see, you know, Bloomberg article, Bank of Canada's households in better shape to handle hikes, yeah? So, you know, it's just positive, you know, Bank of Canada hikes interest rates by 25 basis points. This was back in, you know, in the beginning of March. So you got Bank of Canada to kickstart rate hiking cycle decision guide. So again, it's all been here. This is from as early as February, right? So it should be no surprise that if anything, the rumor is, is that they're hiking, the rumor started months ago, yeah? And that they're going to be hiking. And if that rumor obviously does become the fact, then brilliant, right? You know, we're buying ahead of time. That's what really buying the rumor is. So it makes things easier, right? It makes your decisions easier. If all you've been doing since, you know, February, March, yeah, is basically buying the Canadian dollar on pullbacks, right? There are times where you're gonna get deeper pullbacks, cool, right? And not every single pullback is going to work. The whole point in trading is obviously understanding that not everything is going to work, not every single level is gonna react in the way that you want it to, because it's ultimately about, you know, millions of people's decisions on where, you know, the bargains are, right? But the point is, is that, for example, today, yeah? You're gonna have lots of traders, yeah? Let's say, for example, you want to be a priority Canadian dollar, lots of traders looking to buy where at a bargain area or an expensive area for the Canadian dollar. Hi, Mr. Diligent, how you doing? Is that an expensive area or a cheap area? Is that the best place to want to buy the Canadian dollar? So Savva says, no, Igor says expensive, exactly. That's exactly it. So we're talking about buying the rumour, right? A few weeks ago, this was a bargain, right? This was a bargain, yeah? These were bargains. Remember the big money you're buying, you know, over the space of, you know, they use iceberg orders and they have longer term time horizons. The reason why they do, you know, three months, six months, nine months, 12 month forecasts, right? Because they're forecasting where they think prices are gonna go and they just buying on, you know, the dips, right? The valuation of the currency. So the money, the rumour, right? About buying the Canadian dollar started, you know, way, you know, months ago, right? And then the rumour is still continuing, but the smart money are looking to buy on dips. Yeah, dips, dips, dips. This is buy the rumour, this is sell the fact. Yeah, this is expensive because, and we know this to be true, we know this to be an absolute, you know, fact because there was no more demand that push prices higher than that valuation. Yeah, for the Canadian. So it's expensive. Now, is price gonna be expensive here? Nobody knows. It could even go even higher, but the likelihood is that the rate hike has now been priced in, correct? So would this be the best area to buy? As we know, it's not. Even if prices when, you know, come out and I think it's gonna, they're probably gonna release, is it today? I think they've got their release in about 15 minutes. Even if prices go higher, 10 a.m. Yeah, that means three, yeah, three o'clock, so about in about 15 minutes. Even if we see prices skyrocket from here, yeah? It doesn't mean that you should have got involved in that because ultimately this could be a sell the fact. And again, just to reiterate, these are terms that aren't set in stone. It's not like, you know, it's not like a mathematical equation where it's like one, you know, this must equal this. Of course, prices can do anything in the short term because short term is driven by liquidity. In the medium to long term, what you are looking for is just pullbacks to identified trade setups, whether that's a stockpunt, whether that's demand daily demand zones or whether that's, you know, intraday or CPR demand zones, right? The rumour, right, was down here. Yeah, the rumour, the rumour, just buying on dips. The rumour's been going forever, yeah? So it's really nothing to do with price. And I understand it can be tough sometimes, right? Especially when you see prices coming all the way down, yeah, to these, you know, and that kind of price action and having conviction in your trade idea, right? Because ultimately, you know, you're seeing this happening in real time and you're thinking to yourself, well, why are prices going down? It's because as prices are going down and scaring, you know, the retail trader psychologically, what they're not looking at is the fact that or they're not necessarily aware of is the fact that this is a potential bargain. The lower it goes because nothing has materially changed. Nothing materially changed for the Canadian dollar, right? It was always, it was still a buy. It was still a buy. The fact on the, you know, the new cycle, nothing, they hadn't changed anything. Yeah, there might have been little small bumps on the road here and there, but the central bank was still on the hiking cycle. So it was just a case of looking to, you know, for entries and buying at certain levels. And for those of you who, you know, are interested, I did go over a trade setup. I found that it was actually on the 23rd of May, I did the weekly technical analysis. And if you go to around the 23, the 23 minute mark, you'll see, in fact, that I was highlighting the CPR trade setup. And it was around that 90, I think it was 98.50. I was talking about that, that area being a nice CPR. And then guess what ended up happening? 98.50, so this was on an hourly. Doesn't really matter the timeframe, but this was the trade setup, right? That was the trade setup. Just didn't get rid of all these. And I'm not gonna go over the trade setup, but this was what I was saying. Yeah, that was it. And in the video, you'll literally hear me say anything from the 1958, sorry, 98, 1950s. 98.50 area, yeah, is a good CPR and look what you've seen from there. Yeah, so buying the rumor, yeah, and selling the fact, it's all about getting ahead of the curve, getting ahead of what retail traders are doing because the money is always gonna be made, yeah, buying the rumor. Can it be made on the day? Of course it can, yeah, but it's better, the trends and everything's generally priced in by the time we get to the fact. So, and that's not to say as well that you shouldn't necessarily maybe continue to hold a small position or maybe add into a position, but just let the technicals and where you are spatially, yeah, so just always be aware spatially of where you are. Now, if for example, prices came down to, we're down here, right? Let's say for example, this was today's date and prices were all the way down here. This is where you, for me anyway, I would say, all right, then cool, I'm interested in buying that, right? Because they're hiking today. Doesn't mean that if they're gonna hike and prices will go higher. As we know, we've seen what you can see is everybody look to buy as, again, everyone thinks that that is the thing that is due on the day of the news. You get lots of buying, you get the quiddity hunts, right? Which takes out everybody, yeah, it takes out all the stops, all the quiddities below because everyone's pressing buy, takes them out, but because the institutions have a longer term view and they're not trading like retail traders, you'll see days, weeks and months later, prices then drift back up. They've just taken everybody out and then you'll see something like that and it happens time and time and time and time again.