 So proof of value or imbalance in supply and demand. So yeah, again, some Japanese candlesticks and what we look at is the daily and the weekly timeframe and the daily, really because if you think about the amount of supply demand in a day that it takes to move the market, it just makes sense for the higher timeframes to be the strongest areas of supply and demand. Daily timeframe traders won't really look at the lower timeframes, but lower timeframe traders will look at the daily timeframes. Whether they trade them or not, but they definitely still look at them. So you've got more eyeballs on something like the daily timeframe chart than you would, no, maybe I can't really quantify it, but just my understanding of it is that you would have, it's more significant than, for example, a 10 minute supply zone or a 15 minute supply zone. But again, at the 15 minute, you could have had a news event, some sentiment event, and that would probably obviously come inside with the daily timeframe at the end of the day, but generally I'm looking at daily and weekly timeframes. And the reason the more significant is because if you've got a huge amount of money to shift, or transact, you have to be looking at the higher timeframes because it takes longer for you to actually do the transact. Yeah, yeah, exactly. You've got a bit by bit, iceberg orders, et cetera. So it makes sense to look at the daily and the weekly timeframe. So, oh, do you know what? Have I deleted a slide? Oh, my Lord, I think I've deleted a slide. Basically, I went to go on to, basically how to draw supply and demand zones. So, create a new board and how I draw supply and demand zones. And this is just basically, it's not like a set in stone rule and the right or the wrong way. This is just how I've determined where I would draw supply and demand and supply and demand zones. And we know that high, high, high, low. So what you would have is you would have a move up, for example, something like that. And then you would get pullback at some point, a negative candle. And then you'll get a new candle or a sequence of candles that actually make a new high. Now, the new high can be either a close above this, what would have been considered potential expensive areas that we're looking at. This being a move up, pullback. And so this is considered a potential expensive area until proven otherwise. And then what I've looked for is a close or a candle wick above. Now, it obviously depends on how deep the pullback is as well, but what I'm looking for at this point to draw my demand zone would be bullish candles, bearish candle and the last bearish candle before prices start to make a new high. So that would be where I would draw my demand zone from. And that would be where the demand zone is. So it's the last bearish candle that would represent, for example, pullback lower high, sorry, the higher low before prices make a new high. So prices have to obviously make the new high to prove that this is gonna be a higher low. And once it does, then that's by the demand zone. Is that okay? Everyone follow along? Yeah, I got it. Yeah, it might. All right, brilliant. And with supply, it'll be the same thing just in reverse. And we're looking for a pullback at some point, oh, apologies, should change that to green. And I'll show you obviously on the price chart as well. What's going on? What am I doing? Filled that one, green, there we go. And then we're looking for proof and lower lows like that. And then this would be the supply zone because this is the lower high and lower low. So you've got move down, move up. And as soon as you create that lower low, this then becomes the supply zone right here. Yep. You're not talking about major zones at this point, though, are you just... Yeah, it's just, yeah, it's just how I identify supplying demand zones on a price chart, candlestick price chart. So this is basically what I'm looking for in major zones. I'm gonna show you definitely on a price chart in a second. Everyone still okay with this? Yeah, all right. I'll take the silences, I'll continue to. Yeah, I might. Yeah, no worries. So what makes a good supply or demand zone? So this is basically things like key levels. So you've got basically how price enters and leaves. So what I wanna see is something along the lines of this. I wanna see like a hard in and hard out price movement. So this was a trade that I took. And if we're looking at this here, look at this price, you've got price hard in and you've got that kind of hard out price movement. That for me, I love this type of price movement. This as well, you've got hard in, hard out. Again, you've got this move up and then move down. This is what I like to see. I don't like to see prices necessarily stick around for too long, but this is okay. I prefer this, this, this is still decent. So it proves to me that the way that price left, there were definitely strong buyers. If prices tend to be a bit like, I'll do another one. If prices tend to do something like this and they go into a level, what then they just kind of just meander around. I like to see strong supply from looking at that. I like to see strong demand and that's what I'm looking for. I'm not necessarily long basing and then in balance. I'm looking for hard in and then hard out. Also, I'm looking for distance traveled. So I mean, that just makes some sense because what you want to see is really again, proof of demand or proof of supply. So if you have a move and it goes into a level, is that strong supply? Nope, is that strong supply? No, so the further away it goes, from the level is the stronger this area of supply or, for example, demand is something like this, just isn't a strong level of supply until proven otherwise. We just need to look for that, proof of value. So distance traveled, preferably if it does take out levels of supply or demand. So what I mean by that is let's say, for example, you've got level of demand here. So we know that from a technical perspective, this is a cheap area. Now, if we see a supply zone and supply prices come in and take out this level of what would be considered cheap area, I know that this now is a strong area. Of supply. Just look at the distance that is traveled and also the fact that it's taken out a previous cheap level. So it's something has shifted in what would have been considered a bargain, maybe a week or two ago. So now this becomes the area to look for short trades because as long as fundamentals are on your side, this is where you'd be looking. And that's all based on the banks. That's exactly it, because they're the ones that are moving price and what do they and they look at fundamentals and so should we. So if we're on the right side fundamentally, then a trade like this makes sense. Like, for example, Europe, Italy going into recession, Brexit, the uncertainty around Brexit, you've got the US, which is the best economy regardless of what you think about Donald Trump politically, GDP wise, their head and shoulders above what's going on in Europe, they had inflation at the time, et cetera. So it just made sense as far as the dollar being the one to buy, the currency to buy over the Euro because I know what I know, but if fundamentals are in play, then this has to be a bargain area. It was proven to be a bargain area right here. And if nothing's changed, then there should be a bargain again in the future. Your bias on this then is basically to always go short. So you're looking at that price to come back and then Absolutely, absolutely. Yep, 100%. I've got my fundamental bias and then all I'm looking for is supply zones. And that's all I've really been doing this year or last year as well. It's just literally shorting the Euro dollar. For me, there was really no reason to buy. There are times where the Euro will have some positive sentiment and the dollar will have some negative sentiment, but we're always keeping our eye on the fundamentals and trading economics. I'm sure Mark showed you about this website. Indicators, if you go to countries, if you go to any countries, for example, the United States, and you look at, for example, the GDP growth rate, 2.2. Let's go to the Euro area. 0.2. When we look at, you know, when we look at United States dollar, we're looking at inflation rate. So 1.9, Euro area, 1.4. Remember that the central banks have a 2% target. So whoever's closest to the 2% target wins. And especially if you're above that 2% target because what happens is that central banks will have to raise interest rates in order to, you know, stem inflation and stop it from getting out of hand. So raising interest rates, as you know, is positive for a currency because you get, you know, bigger returns. And if, for example, your interest rate, the Euro interest rate is zero and the dollar is at 2.5, it's pretty much a no-brainer which one you should be buying or which one you should be selling, especially when you think about, all right, there was Donald Trump's trade war with China. And again, that can cause some negative sentiment. So what we do is what I do is I keep an eye on the numbers, but overall, I still should be buying the dollar if, you know, the sentiment hasn't produced anything numbers wise. If the Chinese trade war between Donald Trump isn't affecting or the numbers aren't coming out as negative, right, every time, then it's just sentiment. It's just words. Until it's proven in the data, then that's when I might start to look to kind of change my mind. But as long as the numbers are the numbers, you know, prices, I look for value and a lot of people, what I was saying is still traded the other day is that everyone's so driven by price. You know, everybody can see what price is on a price chart, but not everybody can see value. So prices can go in a certain direction, but that just, again, that could just be short term sentiment, negative sentiment. And I'm not going to be right all the time, but overall, I'm going to be, you know, right more than I'm wrong, hopefully, you know, so which way I am. But it's just about shorting this until, you know, until really the numbers change. Make sense? Yeah, my mind's blown away with that. Yeah, so fundamentals, you know, the first, I think the first, do you remember Martin, I think the first ever meeting I ever had with you. You showed me fundamentals and I didn't listen to it until maybe about a good maybe year later, year, year and a half, and even then it took me a while to kind of grasp everything. I was so caught up on the technicals. Yeah, it's, yeah, it's natural, right? Yeah, yeah. You know, but the fundamentals are what is really in play.