 Semua orang dapat mendengar saya dan melihat saya secara jelas? Ada sebuah box chat ini. Kamu semua akan melihat mesej. Teh Fun, terima kasih melihat kamu lagi. Selamat datang kembali. Saya melihat beberapa nama familiar di sini. Saya melihat Jodi, Atuan lagi. Kita ada Wai Chan lagi. Merevi, beberapa nama familiar di sini. Bagus melihat kamu semua berdua. Okey, baiklah. Siapa yang di sini untuk pertama kali? Kamu boleh beritahu saya di mana kamu berdua berdua. Banyak orang kamu berdua berdua berdua dari depan. Bagus melihat kamu di belakang, Atuan. Saya harap saya mengenai nama yang betul. Atuan, bukan? Ia adalah Antuan. Saya rasa itu adalah Antuan. Saya ada. Saya terima beberapa Antuan di dalam masa ini. Kemudian, orang antuan yang menghargai saya untuk mengambilnya. Di masa lalu, mereka berkata, kamu tahu apa? Boleh kamu berhenti? Mereka mengambil nama. Mereka mengambil nama. Wai Chan, terima kasih melihat kamu lagi. Biar saya berbincang, kamu berdua dapat melihat kain saya. Kamu berdua dapat melihat kata-kata yang terbuka untuk masyarakat. Kamu berdua dapat melihat kain saya hari ini. Saya akan menutupi beberapa kaitan yang penting untuk kamu berdua menikmati. Sebenarnya, sejak kita balik, kita sepatutnya memperkenalkan bilik VIP. Itulah Club Traders pada hari ini. Tapi kamu akan berhenti untuk satu atau dua hari lagi. Sebelum setiap minggu nanti, saya akan dapat menunjukkan tempat perjumpaan kecil-kecil-kecil untuk kamu. Kamu akan dapat melihat saya dan tempat perjumpaan saya di dalam. Ia adalah tempat yang menarik. Ia adalah beberapa bulan terakhir yang berhenti. Saya sudah melihat kata-kata ini. Ia sangat menarik. Jadi, ia akan terlalu dekat dengan kamu. Baiklah. Bagus untuk melihat kamu berdua menikmati. Pastikan kamu berkata-kata, apabila kamu menikmati mesej-mesej, keadaan-keadaan di bawah sana boleh menyebabkan kepada semua orang. Jadi, semua orang akan dapat melihat mesej-mesej kamu juga. Kadang-kadang ketika menjawab pertanyaan, ia baik tahu apa yang pertanyaannya. Jadi, ia adalah tempat untuk menggunakan keadaan-keadaan, bukan pertanyaan dan keadaan-keadaan, keadaan-keadaan akan lebih baik. Ya, Mohamad. Bagus untuk melihat kamu. Bagus untuk melihat kamu menikmati. Bagaimana kamu menikmati? Boleh saya tanya? Saya dapat melihat beberapa orang dari Malaysia. Orang Muroco. Kalau kamu berdua dari Muroco, saya ada beberapa orang dari Ghana. Bagus. London Malaysia. Saya dapat mengenai Malaysia. South Africa. Saya beri perjalanan untuk South Africa. Saya berisik tidak ada orang dari Singapura. Kedua-edua yang kamu ada di sini adalah Malaysia. Atau Indonesia. Mungkin beberapa orang dari Indonesia. Orang Muroco dari Singapura. Bagus. Orang Muroco dari India. Baiklah. Terima kasih kerana mengambil masa pagi atau tengah hari ini. Saya akan menikmati. Saya bermaksud, keadaan-keadaan ini telah dilakukannya. Tapi mereka mungkin tidak dilakukannya dengan cepat. Mereka mungkin mengambil sekejap untuk mengambil. Saya akan menikmati. Jika kamu berdua ada beberapa perkara yang penting, jika kamu berdua menikmati. Pertama dan sebagainya, keadaan-keadaan ini, keadaan-keadaan ini, secara pendidikan secara pendidikan. Jadi tidak ada apa-apa yang harus dilakukannya sebagai investasi atau keadaan-keadaan. Pertama dan sebagainya, keadaan-keadaan ini telah dilakukannya. Terima kasih, Wai Chan. Saya gembira. Saya gembira. Kita akan menjadikan. Jika tidak, menggunakan sepenuhnya. Pertama dan sebagainya, boleh menjadi strategi keadaan-keadaan yang baik. Danil, bagus untuk melihat kamu berdua dari Philippines. Rahim dari Nigeria. Bagus. Biar saya beri kamu berdua beberapa links. Jadi, mengambil keadaan-keadaan-keadaan. Kamu boleh menulis untuk keadaan-keadaan-keadaan-keadaan-keadaan di sini. Ia akan menjadi keadaan-keadaan keadaan-keadaan. Kamu akan bercakap tentang keadaan-keadaan. Bagaimana? Ya, kita akan berjumpa di sini. Kita akan menikmati ini. Dan kamu akan memberi saya link. Saya akan beri ini kepada kamu. Untuk kamu yang belum menulis, sila menulis untuk hari ini. Hari ini, kita akan bercakap tentang idea dan validasi oleh Yung Tin. Saya akan memperkenalkannya dengan kamu sedikit. Sebelum setiap mesyuarat, sangat menarik. Kita sudah mencari perjalanan bersama-sama. Kemudian, Yung Tin akan menjelaskan keadaan-keadaan-keadaan keadaan-keadaan-keadaan. Hari ini, idea dan validasi adalah keadaan-keadaan yang penting. Begitu keadaan-keadaan yang penting. Kerana konsep keadaan-keadaan-keadaan adalah bahawa dalam keadaan-keadaan, bukan hanya tentang keadaan-keadaan yang kamu buat. Bagaimana keadaan-keadaan yang kamu menulis? Untuk semua keadaan-keadaan yang kamu menulis, ia berguna untuk keadaan yang kamu buat. Sebelum setiap mesyuarat, orang-orang itu hanya sangat mengawal. Bagaimana saya membuat duit? Bagaimana saya menggunakan profit? Bagaimana saya membuat keadaan? Bagaimana mereka tidak mencayai keadaan-keadaan yang penting adalah idea dan validasi? Kerana ia mencari keadaan-keadaan yang penting yang Yung Tin akan memperkenalkan sedikit lebih lepas. Ia bekommen keadaan semasa anda memasukkan keadaan-keadaan yang sle^^ perub Raymond Hau membersihkan cara untuk memperkenalkan yang diberkodong böyle untuk dan hati, It's just very discomforting, it's not something that you can easily accept. So idea and validation as much as it is a trade management rule, a trade management strategy, it's also a trading psychology related. You need to come to terms that, hey, I am wrong. This trade makes no sense now. I'm going to try to get out as soon as possible so that I can prevent my loss. So just something I can show you guys here from a perspective. So you got a couple of trades. Let's just say you got two trade, I'm going to pick a pen. You got two trading strategies. You got trading strategy A, you got trading strategy B. Trading strategy A, you have one trade which you have plus one. This one is also plus one, plus one, plus one. Another trade, you guys know how to use break even, zero. This guy also uses break even. And then this guy didn't use idea and validation. So they lose minus one over here. This one use idea and validation, they got out a zero. And then you have another trade. No, okay, this is it. You have two trades, three trades, one profit, one break even, one idea and validation. Now you notice the end result. This one ends the day with zero. This one ends the day with plus one. Idea B over here ends the day with plus one. That means this strategy A, you need to make up just the very next trade. If you have one more plus one, this will go to plus two. This will go to plus two, this one only go to plus one. You notice that you need one profitable trade to make up for one unprofitable trade. So for every trade that you avoid losing, for every loss that you avoid rather is one profit made. You must think about that. For every loss that you avoid is one profit made. So it's very important for us to try to avoid losses. And that's what today's webinar is about. In fact, in the whole series of trade management, I say this is one of the most important ones because it's easy to move something to break even. Break even is where you move your stop loss. When you take a trade, you got your entry and let's just say you're buying and you got a take profit and you got your stop loss. Break even is easy. This comes to here. The ugly cousin of stop or break even is moving this to here. How you decide when to do that, the psychology behind it, the examples rather be leaving it to Yongjin to explain it to you. But let me assure you, this is a very, very important concept when it comes to trading. Now, some of you guys might want to know what are the sum of the other topics that we covered, YouTube take meal. I'm going to send you the playlist. And we want to head to here, the ultimate forex trading masterclass. This is the link you want to go to. And you notice that we had previously covered what when should you break even? Are you getting stopped out too often? These are the other two sessions in a four part series on trade management. So if you are a little bit confused on what break even is, stop loss and take profit placement, please go watch this webinar. It's all over here for you to take a look at. It really, really help you to become a better trader. Remember that in trading, it's very different from the world of academia. It's not how much you learn. So a lot of people struggle with this. They believe that because they're very smart people, the more that they study, the better that they do. But in trading, it's very different. It's not like school where you study very hard and you do very well in exams. Trading can be completely different. You can study very hard and you can lose a lot of money. I'm sure some of you guys have had experience. You spend so much time studying a trading strategy and still lose money. And it's because in the world of trading, you can run full speed in the wrong direction. That's a very dangerous thing. Imagine you're using both. You're running in a competition. What's the worst thing to do is not to just run full speed but to run in the wrong direction. Everyone's running forward, you're running backwards. You need to turn around, make up the ground before you can catch up with them. So in trading, a lot of wrong advice out there, a lot of wrong teachings out there. So it's very dangerous when you run full speed in the wrong direction. Rahimah, I can see you raise up your hands. There's one thing I want to share with you guys. Don't hesitate to just ask questions. Send it in the chat. We literally have another screen open here by the side monitoring the chat coming through. So if you have a question, just send it through. We do our best to answer them. Alright, because we rarely ever have time to answer questions towards the end of the webinar. So just feel free to send it. We do our best to take care of your questions. So yeah, go learn here. Take Meal has spent a lot of effort and resources to put together one of the best trading strategies out there. A rather risk trading education cost. This is better. This YouTube playlist is better than what you can get out there for $5,000, $10,000. Those courses you see on Instagram, people selling courses. What you learn from here is better than that. Okay, later we will do the introduction about award-winning research team. Really good and smart people around here to teach you to be better traders. So take the opportunity to learn from us. Now, without further ado, I'm just going to introduce our host. We need to just go back one time to the agenda. It will be Yongjin. He will be taking over in a bit. He is our newest member here at Everest Fortune Group. So we are finalists at Everest Fortune Group. We are finalists for BEST. That's my mouse. BEST FX Research 2019, 2020, 2021 and also finalists for BEST Equity Research 2020 and 2021. So we regularly work with the major financial institutions to tell them helping to forecast where the markets are heading. But we have a special partnership with Take Meal where we guys are bringing you guys the good stuff, the juicy stuff, the stuff that I take as trading to the next level. But of course, it requires not only a willing teacher but a willing student. So please ask as many questions so they can really grasp the concept of idea and validation and this advanced trade management style. Now, without further ado, I'm going to pass the time on to Yongjin who will now be showing you the agenda for today. Yongjin, over to you. Hey, thank you. Thank you, Desmond. Hey, guys. Hey, guys. Hi, hi. Hey, thank you. Hey, guys, guys. Welcome, welcome. Wow. Okay. My name is Chen Yongjin. Okay. And that's me right there. I think my hairstyle it's a bit messy. So right now, I just got a haircut so it's looking quite good. Looking G. Okay. Today I'll be presenting the ethanol, the what is a trade, the entire structure of a trade. What is the idea in validation and where do you place the idea in validation? Well, for this, for this specific, for this specific idea in validation, everybody got their own trading style. So what do you mean buy their own trading style? You guys, sometimes you guys use MACD or you guys use the RSI. Hey, Jamilu. Jamilu. Okay. Yes, hi. Good day, good day. And I'll show you guys examples of idea in validation in action. Just let me know in chats what kind of methods do you guys use for trading? What kind of methods? Some people use RSI. Some people use MACD. Some people draw. They use smart money concepts. Some people use debt. Have you guys heard about it? Smart money concepts is pretty trending right now. This, if not, I can show you guys later on. Divergence. Yes, Muhammad. You use divergence. Nice, nice. Many, many trading methods everyone are using. Okay. Let me move on first to the anatomy of a trade. Well, first we have the basics. You guys know what is the entry. The stop loss. The take profit. The break even. Partial profit. Trailing stop. And idea in validation. Hey, hey Joe Burtz. Have I pronounced your name right? Okay, you said the RSI in combination with MACD and tree moving averages. Okay. That is also good because you are using multiple types of indicators for your confluence and confirmation to your trade. So that's very good that you actually look across multiple levels. So for trailing stop, many, there are, I don't think many people know about that or know how to use it properly. Okay. I'll let me explain what is a trailing stop in the anatomy of a trade. So a trailing stop is a special type of trade order that it moves relative to price fluctuations. So it's like a forever moving stop loss. So let's say you enter an entry right. Let's say you enter your entry right here. The trailing, I'll just start T. Trailing SL is right here. But when your trade moves higher and higher, your trailing stop loss will increase also. But it will not move lower. So in a way you can take some profit right here in an event that the price actually comes down to hit the trailing stop loss. So it will never move downwards but the trailing stop loss will continue moving with the price. Okay. Moving on what is an idea in validation? Okay. Everybody everybody have probably before you enter usually need your entry your stop loss and then your profit level. Then everybody everybody has their own methods for determining their directional bias, their time, what time to enter or the devolat the voterity expectations or kind of stuff. Okay. After I'm not sure if everybody does this but some people actually use fundamental and technical analysis together and they are ready to mark their entry and their exit levels and just remember to check your risk to reward ratio that is very very important minimally you want sir want to want risk to reward ratio also do use proper positioning size so to enter a trade what percentage of your account do you guys risk let me know in chat how many percent i've asked some people in real life in person not in real life oh that's very very good one percent one percent any other any any of you guys other people do you guys do one percent okay five percent kapsa five percent muhammad two percent well there's no right or wrong it's fine as so just take note that if you risk five percent you need 20 trades okay i i wouldn't want to jinx you but i'm just giving an example if you risk five percent it takes 20 trades roughly 20 trades to below the account but if you risk one percent it takes 100 trades two actually below the account well please only use one percent please do that i'm personally using one percent it helps a lot with my psychology in the past i actually used three percent and back then i did not have a proper trading plan so i continued blowing accounts after accounts so what so let me get back to the main topic i think i'm getting off track here okay what is idea in validation okay idea in validation is placed before your stop loss so it's a general idea so let's say you are buying let's say you are in a buy you want to buy let me draw out let's say you you enter a buy right here okay i wouldn't say that your stop loss is here SL but you entered a buy here a buy but the trade is going in your direction but then you you just want to let it run and then you are not moving your stop loss but let's say the price comes down goes up higher but all of a sudden what happens price comes down and it breaks this level so it is okay long on nzd usd as an example okay i'll take a look on that is it a live trade you are taking right now so let's say that this structure got broken so what we are forming it's a lower high so it's lower high then this is your idea in validation area so you can choose to close your trade to have a small little profit right here from your buy entry upwards or you can wait for the retracement and close it right here if you do not have an idea in validation level you let your trade run let me draw the same thing out your SL your buy your buy limit hits price goes up comes down create sir lower high and then goes back up you have it running because you thought wow i'm going to make a lot of money i'm going to make price is going to go up hit my take profit my take profit is right there looking good so looking good looking good then after you have your chart and then what happens when you came back you saw this but then you did not touch anything without an idea in validation your price comes down and eventually clears your stop loss having an idea in validation helps you to reduce the risk that you are that you have on your account so let's say i i wanted to buy here let's take a look an example SL my buy this is another example but price goes up and comes down so right now my account my trade is in a loss so if it actually clears my SL right here it would have been a 1% loss but with the idea in validation in place i notice that my idea got invalidated i am not right anymore i cannot just force the trade no so when there's idea in validation i either close my trade right here as soon as he breaks to a lower high or i make a retracement and close it at break even so if i close it at break even the only thing that i have to pay is the commission would you rather pay commission let's say one lot would you rather pay $10 commission or would you rather one lot 1% for 10k account would you rather lose $100 with an idea in validation in place you would have loss only 0.1% of your accounts on a $10,000 account but for this $100 it hits your stop loss you lose the entire 1% so an idea in validation is very very important you have to take notes that's all many people do not have that in place they just leave their trade to run they go they go and sleep overnight hoping that their trade hit stick profits so many times in the past when i when i did not learn or did not have an idea in validation in place i lost many many trades i already saw that my trade was in a loss yet i did not close the trade and i let it hit my stop loss so moving on moving on okay here's an example where we can place an idea in validation so let's say we have an an entry right here we are looking to buy let's say we are looking to buy upwards but what happens next looking to buy take profit right here and then the chart we actually draw a few Fibonacci lines i'm sure that some of you guys have seen Desmond's webinar on how to use Fibonacci and how to use confluence especially lines that intersect like this Fibonacci line drawn from here to here and from here downwards to here so you actually see the there is the 50% Fibonacci line and the other 50% Fibonacci line that are intersecting very very nicely and then at the bottom we also have the 127.2% Fibonacci extension and the minus 27.2% Fibonacci expansion line intersecting very very nicely so for this area we can set this as the stop loss as the stop loss area but hold on hold on before we continue moving on to the next slide okay this area i just marked out okay we have the stop loss slightly below the intersection so where do we get this is just an example there are many many methods i'm just showing you guys one method so moving on this is our idea in validation level so how do we properly manage that so we are actually working to if price goes up we hit our entry but price continues to go down continues to go down and then it taps into our idea in validation level this is where you start to get out of the trade you just want to exit it you do not you can you don't want to close it right here so we can set our trade to break even take a look price hit our idea in validation and it bounce back up to entry without hitting our stop loss and then by then we would have set break even right here it taps into our break even and we paid let's say on the one lot one lot we just paid the $10 commission and then moving on take profit we move our take profit level to break even outset break even but we'll take a look if we did not manage our trade did not manage our trade idea in validation let's say we do not have that in place we let it run hoping wow it's back at our it's back at our entry level price is probably going right so you just want it to continue continue going up to we take profit level but that is wrong already you guys are just clinging onto the trade you don't want to let go you think that you are right but as Desmond just now mentioned as humans we tend to always want to be right so i guess that is that might be an ego issue ego so last time i had a wrong trade i normally do not want to cause my trade i let it run i always think that i'm right it's very very difficult to just admit that we are wrong it's very very difficult for humans to admit that we are wrong especially if not sure about you guys but sometimes i take quite a while maybe i take 15 minutes plan out a trade draw some lines draw here draw there in the example it is also a lower row in validation yes yes hey muhammad are you using smart money concepts cause i think that term is that that term is used a lot in smart money concepts so yeah it is as what muhammad has mentioned it is a lower row lower it's not a lower row it's a lower yeah lower row okay so if we have not manage that trade without the idea in validation without the area in place let it run and then break even we could have break even but it hits our entire stop loss and we could have lost more why we could have lost more let me get the eraser out because of this area this area we do we do not know that this might be the cause of a news news events we could have slippage we could have lost more than 1% of our accounts okay i like the lower row or higher high as an evaluation points hey joebert and muhammad do you guys actually use this smart money concepts because i see i see like it is it's very very commonly used in smart money concepts per use that as an in validation points same as me so i want to know how many of you guys use smart money concepts not yet trying to learn the concepts well you can learn it from youtube there are many youtubers that are doing it for free you do not have to pay for a mentorship for that you do not have to do that many youtubers are teaching for free so let's move on to the live chat so i'll show you guys some ideas okay let's get it let's get it moving okay let me load my layout okay i think i got to use in the other layout the webinar layout okay let me clear the charts okay so i usually trade euro dollar okay let me answer the question first okay joebert says you are not familiar with it for you you is simply momentum analysis if the momentum change and is confirmed by a lower low or higher high then i have to accept that i traded in the wrong direction yes at least you found out your trading strategy you know your idea in validation level so many people they have they do not have a trading plan so without a trading plan trading plan first if you have no trading plan you cannot have a idea in validation you cannot have that if you do not have your trading plan so it's very good that you actually know when you are wrong so same same as me i actually rely a lot on the higher high and lower low all this kind of stuff for my idea in validation so for this specific example i'll be using smart money concepts so for my personal trading strategy i actually use smart money concepts with the combination of wycoff so that is my personal trading method so wycoff is just the so i can kind of take a look where the market is at whether the market is accumulating to go higher or can i do apologise for that okay whether it's accumulating to go higher or it's accumulating for a distribution so wycoff actually tells me which part of the markets i am at before i implement these smart money concepts so let me clear this entire chart out for me personally i only trade the euro dollar so let me type out in chat in case you guys have not seen that so i'll be trading the euro dollar most of the time so normally how i trade how i start my trading is okay let me get okay how i start my trading before i start the day i start on the daily chart what i like to do is hey i think you have a question hey god wind god wind do you have a question feel free to ask in the chats i will try my best to answer you okay so before i start this is how i trade and i will show you guys my idea in validation using smart money concepts so what i like to do is i like to paint a picture what is happening what is happening on the daily chart everything happens for a reason right so we can see right why this area why this area bounced why this area bounced everything has a reason it has a reason it has to have a reason so using smart money concepts what we look out what we look out for is liquidity why price went down there what did price clear so i like to imagine i like to imagine that there is many many weeks like this area right here price came down just imagine it they are curing out everybody's stock loss so i like to imagine as that the market come down clear everybody's stock loss before it gains enough liquidity to continue moving higher comes down same thing it clears out the stock loss bounce and continue higher so how do we face that how do we face that properly yes you can call it a demand zone very good very very good you can call it a demand zone but we can also call it a liquidity zone so i like to mark out draw straight line and i like to mark out ASD sell site liquidity zooming in zooming in why why do i draw that area so i'll zoom in very very closely on the daily you can see that price actually came down this area just to clear out all these weeks right here before it moved up higher so i'm just zooming in just to just to show you guys the candle literally just came down just to clear it so i like to mark out such areas as the sell site liquidity where liquidity was taken so to continue i like to also mark out this area you can take a look price actually came down just to clear the liquidity you can take a look i zoom in very very closely just to show you guys i know it's not ideal to show the charts very close but zooming out you can take a look price continue clearing liquidity before it continue moving upwards but same thing i also want to paint a picture why did price reject this area i'm sure you guys will call it the for smart money concept you guys like to call it the probability supply zone but to account for that i can draw out and i can just label this area sd is the rate area for prices reversing down i pidout sd pitch sd daily supply zone inside center so if you notice so far i like to keep my chart very very clean and one thing you guys also notice i do not rely on any indicators for my trade there's zero indicators i'm not using any so a probable area that we might be looking at for price to come down is at this area right here so i'll change this area to green i'll call it the sd daily daily demand zone inside center so you just want a very very clean chart you just want to know the rough picture where is price hitting so right now with debt being drawn out everything is clean i know that price could liquidity bounce came back down retracement could liquidity went up it hits a daily supply zone a strong zone before it reverse downwards and right now we are just forecasting just giving a general idea on where price might hit too so that's why we have the daily demand zone in place so moving on after the daily after i've painted a picture i will mark out the daily high and the previous daily low previous we are talking about the previous one same thing these areas act as a very important support and resistance zone so marking debt out i'll write it as the previous daily high and then the the next area i will mark it as the previous daily low we just have a very clean chart so we know exactly where price is hitting so moving on four hours charts once we are done with the daily we move on to the four hours charts then me being me i got some kind of OCD so i like to drag this you can see it's out so i like to put in crap so you notice same thing there's a picture being painted on the one on the four hours charts price went down and cleared the previous daily low okay a demand zone okay you want to you want me to repeat the demand zone alright i will do it so demand zone where is a place where we are looking for possible bias B U Y E R S or a possible it also can be called as a possible buy area a demand zone where you can expect price to reach so probably we can expect price to hit this area before we look for a wrong if you are swing trader maybe you guys might be looking at this location but for me i am an intraday trader so normally i look for a scalp so i like to enter a buy or a short sell at areas of demand or supply and then i close my trade out within the same day i do not want any fundamental news to mess up the trades okay moving on to the back to the four hours let me clear that so we have painted a we have painted a story what happens on the daily now how do you determine that area and not higher or lower because i'm determining i'm determining that area due to the imbalance area we are looking at at an area where price did not tapped into yet so currently we are in a market imbalance zone where price previously did not enter let me draw it out clearly so this area right here we are currently in the imbalance zone please can you throw more lights on liquidity i think it's easier to be to show on the one minute i usually am on the five minutes 15 minutes and even on the one minute charts during my trading why am i using the one minute chart i use that area to spot liquidity i want to know where i can expect price to go i like to refine so my motto for trading is precision i want very very precise trade precision liquidity and psychology why psychology without a good and strong psychology i might anyhow enter trade yes one minute chart for precise entry only you are right i like the very very precise entry it feels very good you know when you enter on a very very precise entry you just want the price to tap and go so liquidity we can see it as on the maybe on the one hour this is also countered as a liquidity area where price we have multiple weeks right here weeks weeks price came down to curve all of this out to x everything out before it bounce up on the hourly chart so i like to use liquidity a lot in my trading a lot so you can see this area also look at this area where has price curve liquidity before it bounce i'll draw it out then you guys can kind of understand where i'm looking at and see price actually came down to clear all this liquidity it could everything could clear it out and then it bounce it went higher same thing just an example liquidity can be seen right here sell side liquidity yes hey very nice you talking about imbalance so i think if you are talking about imbalance every guys every guys watch ICT in a circle trader so liquidity is right here equal low equal lows price came down create the liquidity go higher came down create all this liquidity out right here create and bounce higher so right now the imbalance why did price come back here also adding confidence to the liquidity this is a bit technical now so we are looking at the imbalance area as what Muhammad has mentioned so we have an imbalance area right here let me mark it out in gray we are looking at this area where previously price has not tapped into so we do not like it do you like it if i know if you are if you are in a buy or you are in a sell you would rather the price hit your take profit fast so let's say you are in a buy you want it to faster hit your take profit fast but the results of that hitting your take profits this entire area this is called a market imbalance like what Muhammad has mentioned so this area price always has to come back down to clear oh iCT inner circle trader so that guy that guy talks a lot about the market imbalance or the fair value gap so i personally did implement his trading styles on the market imbalance into my personal trades and it's working pretty well so we have that in place we could probably we might have to see the news i think there is a there's a flash CPI release on the euro dollar so i press none euro USD okay it's pretty good so we can actually see the euro probably going up since it's better than the past months it's better than expected also the flash CPI the core CPI is also better than forecasted so we might be able to see price heading upwards but to where let's say price continues going up so we can actually see this area is also a liquidity zone it also can be seen as a liquidity zone where we can look for price to clear to the upside with the previous daily high and all these liquidity resting right here you can read more about liquidity on youtube also it might take some time for you to spot it but liquidity is very very important so let's let's have an example let's let's say that i am looking to let's say i was looking to short short to this demand zone so just now i saw you guys actually mention on the you guys have a invalidation so let's say i'm looking for short right here let me get the thing out the short where is it where is it sorry this not my account so okay found it so let's say i enter a short here with my stop loss let's say at the previous day high double top and double bottom is also a liquidity is also a liquidity zone right yes you are right yes it's countered as a liquidity zone because for double top to happen they have an equal high so in the future we can look for price we can look for buy for price to clear the equal highs resting right here liquidity double bottom is the same thing there is a equal low we can look for price to potentially clear to the bottom so yes you are right you are pretty well versed in the liquidity areas too very very good i also what is smart money concept about godwin okay but smart money concept is i would say it as a refined support and resistance zone a pretty refined one you can search more about it on youtube and you can have very clean chart just by using smart money concept you don't have all the rsi you don't have the rsi or at the bottom you do not have none of that you just have a chart based on your own drawing okay so let's say that i'm entering a shot right here let's say i enter a shot right here while i'm looking for price to go down and hit my take profit maybe a demand zone right here so i can actually refine my demand zone by drawing a bottom candle right here i'll type it as a refine one hour demand zone so maybe it's a one hour refine one hour demand zone with my let's say i have a stop loss right here but okay i wouldn't say there because there's liquidity i wouldn't i wouldn't want to have a there's liquidity right here equal price so i wouldn't want my stop loss to be there so maybe i set my stop loss to here one to one let's say just just a quick example on the one hour chart so one to one right here an idea in validation you guys mentioned offer higher high and a higher low so my idea in validation level would be i probably might want to set an alert so trading view you know those free accounts you guys have one single alert you can use for free so maybe idea in validation i can set my idea in validation level to be an early idea in validation might be here might be here where we we can look for price to break higher to form a higher high so at this point let's say my idea in validation is in place for idea in validation so with my idea in validation in place i would have started to manage my trade so i would either sets my trade to break even hopefully for price to come down tap into my break even close and i pay commission or i wait for the retracement and then i close at the next demand zone or imbalance so i would probably lose lesser if i close it right here or here just by paying the commission so if i close it right here close it right here wait for the retracement back down i would probably lose maybe 0.2 percent of my accounts 0.2 percent but let's say i did not have idea in validation in place same thing price forms a higher high but it's already invalidated yet we are holding on to the trade wow price continue moving moving and all of a sudden it hit our stop loss we would have lost the entire 1 percent because we did not manage our trade we were sticking very very closely just because price continue moving up we did not invalidate it yet then we saw this area wow you almost hit my stop loss but not yet and it's coming down and then you are just hoping if you are hoping for a trade to go right but you are just praying if you are praying during a trade you are hoping during a trade you know you are wrong already you are wrong already if you are praying you are just you know closing the charts hoping let's go away i'll go away for one hour hopefully the trade goes right that is really wrong without an idea in validation so last time we without an idea in validation let's say the price was going up already right here and i'm already in a loss i would close my computer screen i'll walk away and i'll just like please please please please please hope that my trade is right the moment you are doing that kind of thing you are already wrong and it's a very wrong trading style why would you be praying when the data is right in front of you in front of the screen you already have the real life data that your trade is let me get it out you already have real life data that your idea in validation has been hit so it's a definite area that you already know that you are wrong start to manage your trade to break even either to break even or close somewhere here lose lesser money than you would have helped to stop loss back then without an idea in validation area i know some of you guys definitely definitely some of you guys you would have your stop loss is right here but when price goes near your stop loss you guys start to do this you guys start to go to a meta trader wow you start to increase your stop loss try to pull it higher oh my stop loss is here but price continues going up your original stop loss was here but by then you would have hit your stop loss but you continue holding onto your trade and you keep pulling up your stop loss by then your risk to reward is already in a negative take a look it's at 0.66 guys continue holding but price continues to go up and then what you guys do i know many many beginner traders they will completely remove the stop loss so they have no stop loss in place they will get the price run then they will just hoping hoping hopefully maybe their price can come back down and hit their break even always have a stop loss in place 2 and only risk 1% for your psychology okay muhammad you ask how to determine which high to consider as in validation because we could break the previous high and still we are in a downtrend so what you are looking is a top down analysis so you start to look at whether the for this area is the 4 hours high but if you are looking right here we are just looking at the 1 hour high 1 hour low 1 hour high 1 hour low so it differs is top down analysis you just got to start looking start to look at the higher time frames and before you hit downwards if you start looking at the 1 hour you do not know where is the daily high where is the daily low all this kind of things 4 hours high 4 hours low you can't tell so on the 4 hours chart it probably looks like that it might look like that but on the 1 hour chart you are looking at like that only so always do take note of this high areas and the low areas okay this your first time joining what do you use to confirm your entries well for my personal trading style i'm not sure if everybody treats like me so i like to wait for price to probably build break the previous daily low or the previous daily high and then what i like to do is for price to grow up and break off structure before i look for a sell sell stop loss hit downwards so i look for price to come back down into the range area so i like to treat i like to treat what do you call it breaking previous daily low i will start to look for buy or breaking previous daily high i try to look for a sell back in it's a bit technical because i start to use things like market imbalance and i start to look for discounted area discounted price areas where i use the Fibonacci so i start to get the 50% area so let's say let's take that into place so let's say i'm looking for 50% area within this daily demand zone so if i'm looking for a discounted price model i'm looking for price to hit into the 50% zone so below the 50% area it's a discounted zone but above the 50% area it's a it's not a discounted zone it's a premium pricing zone so you guys so yeah you guys can actually start to look on smart money concepts on youtube hopefully you guys can learn a lot more on that and help to improve with your trading case or Ignatius you ask it's your first time joining this webinar you are new being forex trading what steps does a learner needs to become a profitable trader okay you cannot expect to become a profitable trader because actually more than 95% resty percentage sign 90 more than 95% of traders fail and then they creeps more than 95% since since i started trading i've seen many many of my childhood friends that were very very determined in trading want to be profitable but after one year when a half year they quit because they could not see the profits so always expect i always like to tell people always expect to lose money always expect to lose money within the first two years of trading or the first year of trading always must expect to lose money the moment you are expecting to earn money it's really wrong it's already wrong because you are chasing the money you are not chasing to trade properly you are not you are not learning you are just hoping to oh i enter one lot having 10 peeps i'll make $100 but your risk to reward is very bad so let's say you have a 0.5 risk to reward to make that $100 you are using $200 thanks very much for the explanation yes always do do expect to lose money you do not expect never ever expect to make money within the first year never do that can you point us to one or two youtube channel where you can learn smart money concept so much noise on youtube with respect to learning okay i don't think i'm able to share those youtube channels so maybe i'll just mention it out i'll just mention mention it out i did mention inner circle trader he has released everything for free for you guys to learn on youtube he doesn't charge anything you guys can take a look he has many episodes okay that is the loss that loss is the cost of learning yes you are right but that loss is not the cost of learning if you repeat the same mistakes over and over again without learning and keep losing to the same type of trade so if you guys want to take a look at how i actually use the smart money concepts just you can you guys can actually take a look you guys can take a look on this is my profile so this is my profile that is me right there you guys can take a look so i actually did a potential forecast for the euro dollar last week so i wrote it on the 22nd i updated so i actually wrote it on the 22nd of october i wrote it on the friday once the market has closed on saturday in fact i was expecting price to bounce into the fair value gap before it hits the this is quite technical the unmitigated fair value gap i even mention the exact area 1.00863 take a look is right here let's take a look whether my forecast was right good take a look price bounce into the my fair value gap area went up it tapped extremely extremely inside my 1.00863 area before it reflected back down so this was the forecast that i did last week before the trading week started and it hits my take profit perfectly before it went back down yeah so this was a forecast that i did euro-usd potential forecast so looking forward to the which news have high impact on the usd so you have the nfp coming this friday nfp coming this friday so i actually also had a euro-usd potential forecast earlier on i wrote it five hours ago so i was i was busy so i actually took some time somebody did message me in my personal trading view account they actually asked me oh can you do a quick euro-usd forecast and i just did a quick one i'm not sure if i'm right just not sure everyone can be wrong i'm i'm wrong sometimes too so if i post on trading view i do hope that i'm right but if i'm wrong well it's embarrassing i guess but it's fine so part and parcel of trading we cannot be 100% right all the time so let's take a look i was forecasting price to potentially hit downwards from the earlier area if price did hit down but it cleared the previous daily go before it bounce up so yeah if you guys want to support me maybe you guys can follow me on my accounts those stongs well i won't promote it anymore i won't promote i'll just i'll just showing you guys why smart money concepts is very very useful just showing you guys how do you know the best very best fair value gap to workout for i always look at the fair value gap on the larger time frame on the daily the daily fair value gap is very very strong same goes with the weekly i always focus on the larger time frame larger time frame fair value gaps before i go down lower so yeah i do implement icts fair value gap to my smart money concept trading okay thanks so much no problem do check out inner circle trader on youtube okay if you guys have any more questions feel free to ask me in chats i'll give you i'll give you i'll give you guys sometime to to ask me some questions i'll try my best to answer you guys else i will be ending this session any more questions just ask away guys just ask just ask any questions can you have a quick go analysis i think i did have one i did rotate already so today i was i was pretty neutral on go i haven't touched yet those stones i think i rotate already hope the video will be shared yes i do i do hope you'll be shared as desmond mentioned earlier on it might take a while for them to upload here study smart money concepts yes please do it might help a lot so for the go potential forecast i was pretty neutral on it so i was looking for the price to probably come down to this H4 fair value gap or if it breaks out of this range it might go to the H4 fair value gap right here at the top or the bottom so let's take a look i haven't i haven't take a look at go yet but let's take a look keep price is continue heading downwards we might actually see price hit the H4 fair value gap we might not so i'm not i'm not in any trade at the moment i'm pretty busy today so there was quite a lot of work for me to do so yeah what time do you publish the daily analysis oh i actually do it only when i am free i do not do it all the time i do not do it all the time and i do it i do it in my own free time so whenever i'm free i just do it but i will try my best to do weekly so maybe before the market opens on saturday or sunday i will try my best to write a quick weekly analysis on the larger time frame using smart money concepts okay okay you guys do you guys have any more questions hey no problem Sean no problem thanks very much for the support thank you very much well any more questions i'll give you guys maybe a quick 20 seconds 20-30 seconds at 6 at in one minute time less than a minute time you guys can ask i use divergence but sometimes i don't know when the price will bounce hey sorry Muhammad so i do not use divergence i do not use that i do apologize on that it's really appreciate no problem i do hope to host more live session where we can start to find some live treats some live treats so if you are if you are trading always do plan your trade properly everything drop nicely for me i like the position so i actually move a lot into the one minute i'll start to mark out all the zones everything will be nicely in place before i enter a trade i can even have four days where i do not even enter a single trade well is there if there are no further questions i do thank you guys for joining me today thank you very much and i and i really like to share my knowledge with you guys so yeah you check out smart money concepts i do hope you guys can learn more and you know reduce your risk in trading hey Derek you said thanks Jody thanks doj stonk yes yes yes i just open it one last time before i end the webinar just enter it in chat okay i just i just send the link to the chat thank you very much for joining me today my name is jen yang jing and i hope to host more take me webinars and share my knowledge with you guys i appreciate the support hey thank you Muhammad thank you everyone thank you and goodbye bye guys bye bye hopefully we see you guys in the next in the next webinar i hope to to remember some of you guys' names hey bye henson bye bye paul bye markers bye bye everyone i hope you guys have a good day safe trading bye Derek bye cat cat real photo i i do apologize i don't know how to pronounce your name hey bye don't doubt bye sengnu bye mile bye danie wo bye paul bye bye bye godwin bye bye guys