 Before I get started with everything. I just want to check with everybody. What is a Good amount of pips everyone is looking for what is an acceptable amount of pips people need to earn What are you particularly yourself looking to gain from the forex market? Okay Is that okay 40 pips average? Brudge wall says 20 pips per day. Okay, so 20 pips a day is what 500 600 pips a month 40 pips on average will put you Okay, Perry says 50 200 pips per day. Okay Okay, I believe John says 50 per day Okay, and Vincent says it doesn't matter as long as I can get pips every day and trade Profitably, okay Let's so let me show you now the highest pips that we've discussed is Close to a thousand pips think I Think it was John's that says 50 200 pips per day on a month that comes out to More like more than a thousand Okay today what I'm gonna show you is how to achieve those numbers in a single day No, I mean I'm gonna show you how to do it with a guaranteed profit on the back end All right, so let's go through a quick recap first All right, just remember forex trading is an investment and not a job replacement Okay, you should never trade on moving data Okay, if you're looking at the charts Do not make a decision based on the candle that is running always make a decision on closed candles It'll keep you alive. It'll keep you going and it won't it will not scare you Okay, stick to a higher time frame such as one hour or above You want to avoid getting whipsawed by the news and when you're trading on a higher time frame the broker cannot manipulate the price to stop you out as easy Okay, and Always always always trust your analysis You've done the research your you've entered the trade for a reason Exit with the same reason do not exit based on what you see at the last minute Okay, and Always keeps keeps keep a bird's-eye view. I'll explain that that comes with correlation I'll show you how to read that to the birds. I view now a lot of you trade euro USD Some of you like the Beast a lot of you pay to also trade pound USD when you're trading these pairs Looking at just one pair. You will never understand what the market's doing You know if you're just looking at euro USD you've become a king looking at your USD, but How do you know what the euro is doing why it's doing stuff like that? So we're gonna go over everything from front to end a complete strategy. I'm gonna give you what I personally do to trade All right Yes, somebody has raised their hand. Hi, Sonia. Did you have a question? Okay? Okay, we're good. So I think people are still walking in now Okay So let's get our charts. Let it load it up here. Let me clean up everything Okay, the way I trade always is I trade on a empty screen I do not like indicators and I hope after today's session or After tomorrow's session you guys will learn that using indicators are really useless. There's no point Okay, now Going back to the basics you need to understand the flow of the market You can see the market's going down here then up and down then up so Look at it from a distance and understand where the market's headed now The market is moved by larger players We're talking about central banks economies Governments are involved everything like that. So when a decision is made, it's not a small guy like You know some investment bankers sitting in the back of a chair and saying that okay I'm gonna sell, you know, you know 50 billion dollars right now and I'm gonna move the market It doesn't work like that when you're trading such large amounts you have to process paperwork and That paperwork takes time and the same paperwork goes through a lot of places corporations banks hedge funds and This is the way you can know what the market is trying to do overall now I'm not gonna say here and explain to you how all the paperwork works because we can't do that in one Are there's no way but I can't explain to you is what to look out for and how to mimic What these larger players are going to do when I say larger players I'm not talking about single entities. I'm talking about multiple players put together okay What we need to look for all the time is exhaustion candles Okay, let me just point them out right now and then we'll discuss them. Okay, so What are exhaustion candles? Exhaustion candles is simply a candlestick that has a very large tail and a small body Compared to the tail Okay, you can see it for this one as well. Even the one before Right here You can see that these are exhaustion candles exhaustion candles basically tell you that The market is getting ready to do a get a reverse now Why you can see this flow the market's gone up then down then up What's the reason that we've taken this dip right here? Okay so What this is telling us is the market overall wanted to go up, but During this price right here Let me draw it for you right up here it They didn't everybody started to buy and you cannot win in Forex if everybody's in the same direction To win money in Forex somebody has to lose money in Forex It's just a rule of thumb of any business if you have more money in your pocket That means somebody has less money in their pocket. Okay, it's it's tough to hear, but that's how it works So they want a better price So what they do is they move the market down and once they start seeing the right price They start pushing it up very quickly or pushing it down very quickly And this is why you see these large tails everywhere This gives you an indication that okay Time for a turnaround in the market Okay, sometimes they are satisfied and they continue the trend. Sometimes they are not as you can see here Okay, so exhaustion candles are Very necessary to look at for any trading strategy to understand what the market is going to do Is everybody with me so far when it comes to exhaustion candles? Okay, we have a Point to some more examples so you can get an idea of How they look and I will post a lot a lot a lot of examples on our website because I I love exhaustion candles to the core So yeah, it's a lot of them. Okay Yes, they are also called hammers some of them call them pin bars I just call them exhaustion candles because it's easier to recognize what an exhaustion means the market moved up It got exhausted came back down and closed near the open Okay, but yes, it's called hammers No, they're not necessarily doji candles if you have an open and closed at the same price I would avoid it But it all Olivia. Yes, it cannot work alone. We'll get to that now So you see these exhaustion Right, what do you do with them? Okay? Let me remove some of these questions so I can see if there's new questions Now how how valuable are exosciences? What can you do with them? you know, except for Catching a reversal, but we've always learned, you know, the trend is your friend We can't go against the trend, you know, if we go against trend, we might lose Here's the thing When you know which way the market is heading going against trend or with the trend doesn't really matter as much All right Now let's point this out one by one. How many of you have used pivot points? Okay, I'll get this indicator for everybody. Yeah, there we go Okay, so pivot points. Yes, Perry you use pivot points Okay, for those of you who have not used pivot points or do not know what pivot points are Pivot points are basically yesterday's movements average Okay, these dotted lines that you're seeing on my screen is just a day separator This just tells you this is one day. This is the day before and that's the day before I Always trade on the one-hour time frame I Don't I mean I prefer the four hour and the one day But I'm more of a person that likes to see his results Within a day or two rather than you know in a week or a month's time Because the markets are getting more and more and more unpredictable But predicting them on a short term for a short time is a little bit easier Okay So pivot points now Now that we've Plot on it one second here. Sorry. I got it cold. So, okay we plotted our pivot points right here and Now we want to look for our exoscients that are always hovering around our pivot points that give you double confirmation that That You know these the market is going to reverse consider the pivot points as a wall Now you can see the pivot points say R1 pivot point S1 all this numbers doesn't matter. Just look at them as a wall. Just consider them a barrier and nothing more Okay so Now let's for example, let's say this is today's market. Okay, and We have these pivot points plotted right here Now what is the proper way to read a pivot point? Any guesses? Okay, okay All right Now whenever you're dealing with pivot points, what you want to do is you want to always look at three days worth of data Okay, and not many people know this and not many people have experience with this, but it's very very critical Now this is today's data. Just for example this is the day before and This is the day before that so that's total of three now. Okay now You get this exhaustion right here That you see let me point this one out You see this exhaustion right here shows up and it's bouncing off with a pivot Okay, now. So what do you do at this point? You buy you buy at the opening of the next candle Just right here Okay, I point that out here Okay, you can keep your stops at the low or you can keep a fixed price stop or to your your next pivot line which could be any one of these lines from the from three total days and Where do you exit? This would be your first exit zone right here this pivot line Okay, between your entry and your next pivot line this whole area is What we call the great guaranteed profit zone Nothing will stop you in in the way to achieve this many pips Okay, is everybody with me so far Okay, I'm sure you guys more examples Okay, see this exhaustion right here. We had our pivot line right there this exhaustion closed above the pivot line It bounced off of the pivot line to Opening of the next candle we buy which is right there. We would buy right there our stops can be at this point here and When we're buying how many let's look at three days worth of data one day Here's the second day Here is a third day So in these three days, what is the next pivot line on the way? See right there This is the next one From here to here No stops. This is again your guaranteed zone of profit. Okay, doesn't make sense to everybody so far Okay, so we last discussed is these are our pivot line and our Exhaustion candles and then we have our pivot lines that we've plotted now Whenever you're dealing with an exhaustion that shows up near a pivot line. This is what you're gonna do Once you get an exhaustion at a pivot line at the opening of the next candle You can enter along which is like right about there. Okay, you can enter along there you can keep your stop at your lowest tip or you can keep the stop at the next pivot line below that and Your exit your first exit should be always The first one in the last three days. Okay, this is day one today's date, for example this is the day before and This is the day before that so there's total of three days Now the next pivot line in these three days is right here So this whole area is your guaranteed profit zone Okay, let me clean this up a little bit and show you another example here. All right, let me Okay, now For example, this is the exhaustion right here Okay, it's bounced off the pivot and It's also bounced off this pivot You can see the close is above that pivot and we have tails that touch this pivot Opening of the next candle, which is right there. We enter a buy and As soon as we buy Where is our exit point? Let's look at three days worth of data. This is today this is day before and This is the day before that so total three days now. What is the next line in these three days? We get them right here So this whole area here in When from when you enter to the next line is your guaranteed profit zone Everybody with me so far. Oh Yes, sorry about that Can you guys hear me better now? Okay, great Okay, Ram Okay, so everybody's understanding it so far. Okay, let me show you guys more examples Now let's take a look here. Here we go. We have an exhaustion here Okay bounced off of a pivot line and Our exit if we enter on the opening of the next candle, which is right there And we look at three days. This is today This is the day before and This is the day before that so total three days and our next line from where we enter is right here So that right there is our guaranteed exit zone after that you get into the risk area And you depends all on your analysis and if you have another strategy or not, but this right here, you will always get Okay, all right So everybody's understanding the fact of how Exhaustions work now Exhaustions they need this extra filter which which is the pivot points to support them Now what else do you need in the market? in terms of Trading professionally Okay, let's let's take a look here now the question is You know, does exhaustions work all the time? Yes, they do. Yes, they do Okay, as long as you are pairing it with something it will always work if you're using it alone. It will not work Okay Let's take a look here Let's take a look at the current market. You see this exhaustion with the live market. That's running right now This exhaustion formed and where is the next line in the last three days for this is today's date Okay, this is yesterday or The day after Christmas and then this is the third day So we entered at the opening of the next candle we sell and where do we exit? This is your guaranteed exit point Okay, make sense Okay, so for example if you were trading this trade today, you know, how many pips is that? Okay, you made Let's say seven eight pips over here Now on the other examples that we saw For example, this one we've made how many pips for guaranteed pips 31 pips Okay, so 31 pips coming back to the question that I asked you guys in the beginning What is a sufficient number for you guys to earn? You know not on a daily basis, but what it what is maybe on a monthly basis, you know What's something that's acceptable because you are gonna have losses. You can't accept something? Profits on a day-to-day basis Rom yes, we only enter on Current day yesterday and the day before you look at only these three pivot lines Okay Thousand pips a month on average. Okay, okay All right, so let's take a look at this Now how many of you guys know what correlation is remember we went through the power point and this part right here Always keep a bird's-eye view. Let's give an example what a bird's-eye view means Okay Now Let me remove everything on the screen now on this particular day What do we see euro USD doing your USD comes down it goes up and then it goes down What is pound USD doing on the same day? Let's take a look Comes down it goes up and it goes down. Oh, what a coincidence Okay, what is US all Canadian dollar doing? It's going up then down then up Okay, so this is opposite. Okay. Now. What is the reason why all this stuff is happening? You know, why are they correlated in one way? Okay, Rom says currency tend to move parallel because of their fundamentals and trading some okay now The one of the main reasons why this is happening is there is a common pair in between all this Which is the US dollar? Okay Now most pairs they will move according to each other on a certain scale, you know They'll move together up and down or they'll move exactly opposite Okay, so if you guys want if you guys want to take notes. Let me guys. Let me tell you what pairs go together Euro USD pound USD Euro Yen Australian dollar US dollar New Zealand dollar US dollar these pairs work together and Same direction pairs that go in an opposite direction of these pairs are US dollar Canadian dollar and US dollar Swiss Frank Okay, just keep these in mind Now lately the US dollar Swiss Frank is not following the trend But it doesn't matter even if you make a loss in US dollar Swiss Frank, you're still you're still you're a float no problem Okay, now let's look at how to maximize profit Now in this particular trade that we took, you know, we entered right here We exited at the next pivot line 29 pips. Okay, you know big deal, you know 29 pips a scalper makes 29 pips every now and then by risking his life But is 29 pips really what you're looking for? Now you've done your analysis, right? You figured out that it's gonna go up. You know where it's gonna Exit for your guaranteed profit So once you enter your orders Do you have to watch the screen? No, you can literally walk away from your computer and say, okay, this is done now In terms of correlation, do we have another pair that's doing something similar? Aha, let's take a look at here pound USD Same thing exhaustion bounced off of a pivot stuck another pair New Zealand dollar US dollar Okay, we have an exhaustion, but it did not exactly bounce off of a pivot, but close enough. Okay, so let's leave this as a maybe Let's take a look at Euro yen. Oh, yes, same thing here. Okay Now let's take a look at the opposite pairs. Do we have cells and US dollar Canadian dollar and US dollar Swiss Frank? Not too clear we can see them here, but not too clear Let's take a look at your source was Frank. There we go We've got nice exhaustion, but not too clear when it comes to the pivot points. So Now you say your order for Euro USD for your guaranteed profit You don't want to be too greedy You don't care you want to get that 37 pips out of the way and you want to put in your pocket and then Take your wife out to dinner or your husband out to dinner. Okay, so Euro USD done pound USD It goes together. Okay next pivot point up here done put your Your limit up there. You enter at the opening of the next candle. We have 51 pips guaranteed on this one Okay, you saw a Canadian dollar if you open a cell blindly Assuming correlation and you sell it at the opening of the next candle like let's say right here going towards the next pivot line It gives you 46 pips. Okay Again, this is blind. This is not with any analysis. You're only using correlation as your theory to collect pips US dollar Swiss Frank same thing You're using correlation as your theory to collect pips opening of the next candle You open it here and let's say you take it to the next pivot. You make six pips off of this one Okay, not much but hey six pips all right now New Zealand dollar you buy opening of the next candle is right here going to the next pivot line, which is all the way up here 47 pips Euro yen also is a buy Opening of the next candle which is right there going to the next pivot line, which is right here 38 pips. So Can you not put together? 150 maybe 200 pips very easily just by understanding one or two pairs If you are an expert in any one of these pairs Why not maximize your profit just by understanding the basic fundamentals of correlation is that? currencies move together Because there's always a common factor now if you see a sharp movement let's take a look at Any large candle that you see and you start seeing this in all the pairs You don't need to open up forex factory comm or any other news channel and find out okay, you know Is there a news release coming up? No, you can see it on your screen. You can see the reality a lot of times You'll hear one thing on the news, but something else happens on your charts You know so you can see reality by watching your charts. You can see oh The US dollar is moving. That's why all my pairs are going crazy or okay This is a euro movement because only all the euro pairs are affected by this You so you can easily understand what's going on Why is this something happening? You don't need to get into all of that details because you're in as a trader You want to make a quick profit and out? I don't think anybody of you any of you guys are actually attending a seminar to actually become an analyst for a bank or hedge fund specialist okay, all right Roms says do we place orders only if we see exhaustion on all the correlated pairs? No, as long as you have more than one exhaustion candle that is near the pivot points. You can blindly take the rest Okay Now let me see if I can find you guys another example here Let's take a look here 24th October here. Let's see if this is a decent example here Nice exhaustion right here. Everybody can see that. Let me delete all okay Okay, nice exhaustion right there. All right. Let's draw our three days to understand One two Three okay our What you call it our exit so we enter at the opening of the next kind of which is right there Let me move the mouse there we enter here Where will we exit the first pivot line in the next three days? It's here and here. There's one a little bit higher here. That is the closest one to our entry This right here is your guaranteed pips Let's calculate from here down to here 33 pips given to you now This is Euro yen. What pairs move together with Euro yen. We've got Euro dollar pound dollar Australian dollar US dollar New Zealand dollar US dollar. So let's take a look at these pairs on 24th October 24th October now, what time was this? approximately 10 o'clock on my chart Okay, let's take a look at 10 o'clock on my chart again. Do we have a downtrend here? Okay, just gonna show you how correlation works. It also took a dip Let's take it Australian dollar US dollar on 24th October Okay, 24th October at 10 o'clock Sorry, all right. Here we go 24th October at 10 o'clock boom also down one whole candle US dollar Swiss Frank 24th October should be a buy because it's an opposite pair 10 o'clock. It's a buy long candle here. It goes up to an all these pairs go up to the next pivot line always US dollar Canadian dollar 24th October should be also a buy Okay, this No movement 10 o'clock we had a slight movement only so let's say this took you out gave you a loss of 25 pips Okay hit taken Pound dollar 24th October Should be a sell on 10 o'clock here we go from here all the way down Okay, here's our next exit so that you probably didn't make so much on this one and Then Euro US dollar 24th October at 10 o'clock should be a sell. Oh, what do you know? We have another exhaustion that looks just like it Got your double confirmation. It's bounced off of one not one but two And three pivot lines practically That's a good trade to sell okay, so Euro yen and Euro USD is the only pairs that give us a exhaustion that's bouncing off of the pivot line and blindly we took all the other pairs based on simple aspects of Correlation and we added a lot of profit to our bank. Okay from here to here 68 pips guaranteed profit on this one so if you add everything together and also the US dollar Canadian dollar that we had a loss you're still up at least a hundred pips in a matter of couple of hours so Using correlation is good because you you can counter hedge Your pairs now. What if you're a US dollar Canadian dollar specialist and you made a loss that loss is a pure loss You know, but if you're using multiple pairs There's there's a big chance you can cover your losses as long as you're understanding from a bird's-eye view What the market is doing and there's nothing better than an exhaustion to tell you what the market is doing Okay, everybody with me so far Okay, let me go through the questions real quick Preferred timeframe one hour Ah Yes, the this indicator I'll get it for you guys. I'll email everyone Or you guys can get it from urban forex calm It will plot automatically on a daily basis. It does not change once it once it's plot excuse me and I mean the yellow thick lens you drew the yellow lines you have to draw on your own This is just a line. I'm drawing just to show you but the pivot points are gonna be there by themselves Okay, everybody with me so far. Yes. Okay, great. Let me just take a look at Okay now See if I can find you guys some nice examples here, too now One thing I'm gonna try and avoid you guys from doing is trading breakouts You know breakouts Don't really really work, you know, they are just a Just an indication that the market is Okay, let me put it this way. Here is a zone. Okay, there's one up here and Here these are the zones. Okay market went up down up down up down Crossed up It went above all the highs At this point Everyone is buying thinking that okay, we've created new highs more than ever before Buy buy buy buy buy Once everybody is buying bigger players bingo jackpot So move the market down. What do you know? What do we have here an exhaustion candle? Takes the market all the way down Okay Goes up comes down goes up comes down Boom, we're doing the same thing here now we crossed Move the slang down here We've crossed the low of the previous day and we're like, okay this point Heard mentality everybody is selling. What do you know exhaustion pops up? Market moves back up So keep an eye out for these tails these tails You know, they're just false Indications for a lot of people thinking that the market's going down But it actually is you have to wait for the candle to close once the kind of clothes You have a better better picture of what's actually going on Because if this was red and it was down till here Every maybe a lot of you guys would have sold thinking that okay, the market's heading down so you want to avoid trading live data wait till it's closed and then test it out and Do your analysis Okay All right See her nizar Roy. I don't understand what you're asking by subscription. There is no subscription You guys if you want to make a donation you can but I mean there there is no subscription for any of this stuff Could this be avoided if we waited for the candle to close as a bullish or bearish to avoid false breakout? Just don't even don't don't even look for breakouts It's a very big industry breakouts because your stops are very very predictable where your stops are going to be and As long as you you're not a big player like 10 20 million dollars Your stops are going to be hunted Okay, if I was a broker or a market maker and you put your entry here and Your stops here, I'm going to take you out Or even if you put your stops out here, I'm still going to take you out Because I have the power to manipulate the market at least that much. It's not so much Okay, now another thing is You know everybody thinks that brokers have this Magic crystal ball of the same screen that we see and they trade also. No, they don't do that They don't see any of this stuff all they see is buy and sell orders all over the place They see a whole bunch of cells here Okay, they're gonna knock this place out. They're gonna see a whole bunch of orders here Okay Knock this place out. That's how it works Okay, as long as it's within a certain limit of range. They can't take it out Okay now stops Okay, so we we've took our 30 pips of profit We've boosted it up to 200 pips 150 pips or 100 pips. Let's say is that still enough? What do you guys think? Can there is there something more that can be done? Can I explain something more to you guys that can be done? What do you guys think is there something else? Okay, let me explain to you guys here. Let me let me let me See if I can find you a nice example and show you what can be done now When you're dealing with stops your stops can add in an extra 20% to your account if used the right way and the right way I Actually, I shouldn't say the right way. The way I use it is the harmonic method What is the harmonic method? Let's explain this now We we sell here at our exhaustion. We know our guaranteed exit is right there so this is for people who are really busy and They you know, they don't have time to trade what they can do is they can place in their orders place in their limits walk away Come back profit watch and look in them right in the face But for those of you who do have time to sit in front of your PC You can extend that profit more Okay Now even though, you know, this is a guaranteed profit once the market is moving in your favor You do not use a limit Okay, once it starts moving in your favor and you reach your guaranteed profit zone You start moving your stop loss Closer and closer to break even and if you see the market move super fast You move your stop at the same speed if the market is going slowly to your Into slowly into profit you move your stop slowly as well. You don't want to rush your stop So never use a automatic automatic stop trailer That's provided by a broker because that goes by numbers. It does not go by market movement or market harmonics It will not mimic the market If you want to stay alive in the market, you do exactly what the market is doing, which is not the same thing every day You must be different Okay Let's go to this Okay, Perry has a question here. Are you saying the take profit is close is the closest pivot over a three-day period? Yes, that is exactly what it is. It's the closest. So let me show you an example here Perry Now if you enter a you look at this exhaustion here Okay Now let's go through the full trade here. We've got that exhaustion here We have it's bounced off the three-day period pivots. Okay, it needs to bounce off of anyone It's fine, but we have all three days one two and three Okay, and from here we open a cell at the opening of the next candle Double-click this there we go right there and Then we go down all the way to our next pivot line with there's one here There's one here and one here. This is the closest one We draw a line there That is your exit from here to here. Nothing's gonna stop you Okay, fourth day too far back three days only Okay, keep that in mind All right. Let me know if that answered your question suggested stop-loss Previous, I mean a pivot point on the other end That is my suggested stop-loss Okay, rom increase stop-loss range No, never increase a stop-loss range. If you set a stop-loss don't increase it That's a mistake. I've learned the hard way when I started up trading do not increase stop-losses What's the full name of the indicator I use? I have no idea Pivot points, but I'll get it for you guys on Urban4x.com you guys will have it there for download. I don't know how you can open it up and read it and stuff, but I Just picked up a pivot point online that plots every day Okay, rom the stop-loss is above the exhaustion candle. Yes, it's gonna be above or below the exhaustion candle depending on which way you're trading Okay Yeah, we'll call it an avine indicator Okay, so Let's go through this now Okay Let's see if I can show you guys as Time is running out here. Let's see if I can show you guys one example again That has full correlation in everything. All right, let's take a look here Okay We have an exhaustion here Boom right there Okay last three days You can see here. It's closed below this pivot line. It's bounced off of this and Also the day before it's right there so you can see this is a really strong area You already know it's a strong area because we have two days worth of pivot lines holding it And the last three days nothing has gone above it. So as you look at this more and more you get a more sense of feel of Okay, this is gonna work and it has to work Okay, let's take care Okay, I'll go through the entire thing around and you let me know if you still have a question Okay, so we see this exhaustion Okay, and here let me let me pick somebody from the audience What do we have here? Don't worry. I'm not bullying anybody. I just want somebody to learn Let's see here Conrad are you watching? Yes. Okay. All right, Conrad. We're gonna go through this step by step All right, so we have the exhaustion candle here Okay, and we're gonna open at the very next candle Where would be my my exit? Okay, what while Conrad is getting me that information I want everybody else to tell me what pairs correlate with this euro USD Okay, perfect Conrad 1.3774 which is right here bingo Okay, that is your guaranteed profit right there from here all the way down till here nice 40-pip movement Okay, so we're looking at euro USD. What other pairs match with euro USD? Okay, good. We've got some more pairs here now now Before we get into that, where would you keep your stop? There's two options One is the tip of your exhaustion or the second one is your previous pivot point. All right, so Yeah, good job, Ram. I've got you got all the pairs and USR Swiss franc and you start cat our opposite. Okay, so let's take a look at this Let's take a look at this from front to end 4th November this was okay pound USD 4th November. Let's go 4th November, so we had 40 pips on On euro USD, let's keep a track of this somebody keep track of the pips 40 pips on euro USD and The pound USD on the same time frame 4th November at 1500 hours Okay, 4th November 1500 hours. We would also sell going to our next pivot point, which is right there 30 pips on pound US dollar. Okay, also guaranteed profit Move on US dollar Canadian dollar Conrad. Are we gonna trade the same way or the opposite way for a US dollar Canadian dollar? Opposite perfect. Okay, so let's let's take a look at that 1500 hours on 4th November 1415 it's right there. So Not too much here. We got the only 22 pips US dollar Canadian dollar move on US dollar Swiss franc Also opposite 4th November. Let's take a look 1500 hours Okay, now we have an exhaustion here too. It looks even more beautiful. Here we go We got some exhaustion lined up here bouncing off 1500 hours, which is 1415 here we go going from here all the way up to the next pivot line, which is right there 20 pips or Yeah, 22 pips US dollar Swiss franc Australian dollar 4th November. This is going to be the same direction as Euro USD not opposite. So it's gonna be a sell Okay, 1500 hours Right there 1500 next pivot point 41 pips Okay, New Zealand dollar 4th November 1500 hours sell also From here. We got a sell from here to the next pivot line 16 pips 1 6 Okay, and Euro yen 4th November 1500 hours Sell also Nice big exhaustion candle mimicking the Euro USD 1500 hours. We took a sell here going to our next pivot. Unfortunately. This was too tight. We didn't get the whole move 14 pips Okay, so what is the total count that we got in terms of all these pips? so You can see that when you're looking at exhaustion and pivot points Yeah, hundred and Perry says a hundred and eighty five pips Okay, so this all this happened in a matter of a single hour. It's one one hour of the market. So Do you need to sit in front of your charts and eyeball this thing day and night? No You can actually come look at your charts every hour at you know Five or ten minutes before the hour or the candle closes take a look on all your pairs Is there an exhaustion is or not an exhaustion if there is sit down place your trade if there isn't walk away Spend time with your family or you know, or your girlfriend or boyfriend, whichever you like better, but That's the thing Forex trading should not be so difficult and it should not consume all your time because it's it's really not that difficult and There is a lot more to this. I am just giving you guys a Quick and fast way to jump into the forex market because some of you guys I Know that have been with me before so I know you guys a little bit professional But some of you guys I've seen new names and I think you guys are newbies So this is something you can jump in get ready and get going, you know Because there's nothing better than making profit and boosting your confidence Because if you start getting a losing streak your confidence goes down and you start losing more trades and more money So it's it's a very it's a downward slope Okay Now I'm gonna pull up to another screen. I just want anyone of you guys to Point out Okay, let's take a look at this one. This is a nice and clean exhaustion here See this one here nice move up and exhaustion Okay, I'm not gonna go through this one by one, but I can at least scroll through. Okay. This is 24th, November We had a sell on Euro USD Okay, 24th November Let's go down. Okay, 24th. What time was that? Just a second here 1100 hours For a sell after 1200 hours. Sorry. So this one right here Okay Same thing it sold Australian US dollar 24th November. So if you just follow this concept You know, you'll do it good. So as of now, is there any questions until everything that we've learned, you know In terms of exhaustions in terms of stop loss Correlation your exits. Is there any questions whatsoever from front to end? Okay, we also have a sell 1200 hours There your star Swiss Frank should be a buy on 24th November There we go 24th November should be a buy it 1200 hours. You can see that's a really nice profit that one on that one Okay, so let's see what you have here Rom says I have a friend that told me that Sunday gaps trade towards the direction of the gap on all pairs because if There's where that's where the market wants to go. What is your take on this? Okay? There There is actually I am honestly, I do not have it a insight on the gaps that are created over the weekend Yeah, I'm sorry, there's nothing insightful that I can share with you on that Okay, any more confirmation using RSI or CCI? No RSI and CCI is only useful to use if you want to use Divergence, but other than that there's no use of plotting those indicators and If you want to know how to use divergence, obviously you can go to urban4x.com We have some divergent strategies over there too when we explain it completely how it works Okay, so any questions from anybody? Okay, what we're gonna do for tomorrow's session is I'm gonna give you some more of my inside tips and tricks on maximizing profit because as of now everybody's got the strategy down they understand how to enter how to exit and how to Do it properly where it's guaranteed, you know, you don't have to walk away thinking that oh my god What if I don't make money, you know, it's set and even if there's a loss It should not be an all-pair that should be in like one or two pairs I will always be available on urban4x. You guys can always post charts and stuff like that I will be able to help you guys as well This is my favorite strategy. If many of you guys ask me this question. This is my favorite strategy Did I have breakfast? Thank you Let's see here so tomorrow we're gonna go through some more tips and tricks on maximizing profit and then I'll get you guys to our forums where you guys can Obviously Discuss the strategy more and more. I will be there daily. I have staff there. That's gonna be daily We have appointed interns that are trading the stuff day and night. So there will be lots pictures lots of examples Also Any homework? No, I what actually yes Go through all the exoscience go through all your pivot points understand the concept and then tomorrow when we come back You guys will really have questions tomorrow because right now seeing it from me doing it Obviously, it looks nice and rosy But I want you guys to actually take a look at your charts and try them out and then you let me know tomorrow Because we're meeting in tomorrow at the same time So you let me know tomorrow if you have any question that I'm will be happy to answer them Okay Can you include me to your favorite so you are everybody who's on the webinar is all it's on It's on our email or list whenever there's a webinar you guys will be emailed first Because you guys have done a lot of promotion and stuff to get on here So you guys are gonna be on a priority list to get in Okay, all right, so that's about it. There is no more questions and I think you all for attending and I will see you guys tomorrow at the same time Should be 830 EST You're welcome. Take care. Have a good one. Good night. So Let's get started here, okay, so welcome to the second part of the webinar from urban forex and Before we begin just like to introduce myself, my name is Naveen Prithyani and I will be your speaker tonight and We're gonna I'm gonna basically share with you my own strategy that I trade and A lot of you guys kept email me on urban forex comm asking me that what which one is my favorite strategies from all the ones that I've shared on the site and This is the one. It's that is my most favorite strategy. I had this as a premium strategy I used to only share this with a Lot of premium clients. I've trained people in the Middle East. We're talking about royal families. I've trained some Bank professionals, you know, so we've trained a lot of people But now I'm releasing it out to the public. I think it's time that we share this information with everybody Okay So let's get started here if you have any questions do stop me with the question and I will pause and Look at your question as as much as I can if I do forget I will get back to it. Don't worry Okay, so a quick recap from yesterday. Let's go over that All right Now before we begin we'd always like to let you guys know that Forex trading is an investment and not a job Replacement I'm not going to go through the disclaimer Everybody knows a disclaimer and it's understood that Forex is risky and is not suitable for everybody But this is our disclaimer that we give out our special disclaimer that we want everybody to be familiar with So, yeah Forex trading is not an investment It is an investment. Sorry and not a job replacement. So once we understand that things will start to open up Okay, stop trying to aim for pips on a daily basis Horizon your aim is to grow capital and nothing more. It is not to Replace your five thousand or ten thousand dollars a month job Okay, now never trade on moving data if you're on the charts on Let's say one hour four hours or even 15 minutes Whatever your preference of time frame Always look at the candles that are closed and make your decision based on them Do not make your decision on the candle that is running Okay, that will make you get false indications and it will make you do stuff that you did not plan All right Okay, stick to a higher time frame as much as much as much as possible My personal preference is one hour Although it is preferred to be on the four hour or daily charts But one hour is something that I like because I like to see my results a bit sooner Okay, anything lower than that is death Okay, next thing trust your analysis. Okay if you've opened a trade for a reason It's because you've done some research. You've done some analysis When you close your trade do it for the same reason Do not close your trade based on what you see on the lat on the current moving candle This is why you don't trade on moving data stick to the plan Okay, and lastly always keep a bird's-eye view. Okay Looking at one pair is not gonna do you any good looking at multiple pairs gives you an idea of what is going on in the market Once you understand that milking pips is it is piece of cake? Okay Now let's get going here Now in today's lesson We're pretty much gonna first of all obviously I'm gonna give you guys a recap because a lot of you guys are new I'm gonna give you guys a recap of what we did yesterday And I'm gonna show you some more new cool tips and tricks that you guys can use and probably will be shocked okay, so um Going back to the very I guess the law of business the law of transactions anything and the law of investing, you know What is risk to reward? You know, everybody should understand that when investing in Anything when it comes to properties real estate And the stock market equities market or the currency market anything that you invest in that has high risk Usually will have high reward Okay, if these two are together, you're on the right path now same goes the other way around Low risk is equal to a low reward if these two are together. You're on the right path Okay, there is a moderation also where there's if there's a medium risk is equal to medium reward. Okay Anything too extravagant out of these two turn on the green light and turn on the red light and be like, okay Something's wrong here. Okay But what there is one exception that we can see in the currency market which We use at the banks okay how can you bend this law and Keep your low risk while Getting a high reward on the other end. Now the high reward is not guaranteed, but You can add in a high reward very very quickly. If not, you always have your lower reward ready for you regardless Okay, I'm gonna explain that today to you guys Okay so that is What we're gonna cover so just remind me in case I do forget this to show you guys that this is really cool topic all right now Um Before we begin with the recap I wanted to share one thing with you guys from Well, I want to share one thing with you guys that I didn't share with you guys yesterday is When you do your analysis, for example Let's say you decide to sell over here, let me get my arrow up you decide to sell somewhere here. Okay, and You're selling the markets moving you made profit you closed Okay, very simple you enter you exit made a profit walked away now What if you have a different scenario? What if You bought somewhere over here Okay, now this is an hourly chart. This is one two three four fifth candle You probably made a some profit, but until four candles the markets just hovering Okay, so what do you do? Do you hold or do you exit? Okay, this is a very common question that A lot of people have and they do not understand that Holding on way too long can be very very deadly. Okay now When you when you bought over here, you must have done some analysis There must be some reason that you're buying you're obviously not looking at 10 years worth of data to buy right now, right? You've probably looked at something around here around this much Okay, that is how much one two three four candles, maybe When you look at the past of four candles to make a decision you want to project Your holding period of four candles also you do not want to go past that amount Okay, anything after that you're basically you're risking everything. Okay, it's it's no longer an analysis. It's a gamble Okay So your analysis is only valid as far as far back as you do your research. All right Now yesterday's recap What is the main thing that we discussed yesterday Whoever was here yesterday. Can you guys tell me? I like to make my webinars interactive. I'm sorry, but I'd like to know People are learning but yeah, if you guys can tell me what was the main topic we discussed yesterday Also, can everybody see my screen? Okay. Yes. Yes. Yes. Yes. I can see your screen Good Perry Perry says Three days worth of data for people and exhaustion candles. Okay So let's get to the basics exhaustion candles now What we discussed here on this webinar is simply this entering piece of cake exit piece of cake Stop losses also piece of cake. The main problem is Leaving pips on the table. Okay based on whatever you guys learned yesterday and whatever we're going to recap right now Making a profit is no longer an issue anymore making a profit is always going to be there for you guys You guys will always make a profit now. It's just a matter of how much profit can you make? Okay, that is a very critical thing because that can be considered as a loss If you're just letting go of some profit that's on the table waiting for you. Okay. I consider that as a loss Okay, so let's let's take a look at here Exhaustion candles many of you guys I personally call this exhaustion candles because of how it looks But many of you guys can call it many of you guys call it already hammers Pin bars And there are several other names on the internet for it The reason why I call it exhaustion is because you can see here at the market opened It went in one direction as far as it could Creating this long tail and then it came down and it closed near the open Okay Creating a small body and large tail. The body is always going to be smaller than the tail Okay, there are exhaustions all over the place. Excuse me. I'm going to point to some right now right there Right there Right there Yeah, so there's exosciences everywhere. Okay now Exosciences cannot be used alone. Okay, they have to be used together with something Okay, I mean What is basically an exhaustion does anybody remember from yesterday? Why do exosciences show up? Okay, and When they do show up, what does it mean? Yeah, I'm going to point to some more so for those of you who are not here yesterday And also for those of you who were here yesterday actually can get some extra experience, you know Just watching these exosciences all over the place Okay. Now do not confuse an exhaustion with a doji For those of you who do not know what a doji is you guys can Google it whenever you get a chance a doji is basically a Something that looks similar to this where the open and closes practically equal and there's a tail on top and the bottom Okay, an exhaustion will will have a large tail on one side and the other side will have a smaller tail much smaller tail We don't anything too large is invalid Okay, perfect Kerry has responded saying that the exhaustion candle gives us a possible reversal Excellent you've said okay. It's a possible reversal. It's not guaranteed now How do we make it guaranteed yesterday? We discussed some techniques where? Profits that we look at is practically guaranteed now I know that's a big controversy that there's no such thing as guaranteed profits in any business, you know That that is true. I agree, but There is this method that's been holding on really long I'm sure it can be proven wrong in due time But as of now it's been working really really well for the last probably five six years so Let me share with you guys how this stuff works Let me insert pivot points Okay Where is the pivots? Sorry, okay Now now for those of you who were not here yesterday pivot points now One thing that I want you want to share with you guys pivot points Whatever you guys know about pivot points just to put them aside or forget about them Because what I'm gonna share with you guys today about pivot points is gonna be the most valuable information you've ever had okay pivot points is like Should be your center point of attention when creating because pivot points are enough It's in calculation of the average of yesterday's movement. Okay now Let's say for example, this is today's date Okay, there is this yellow line this blue line this white line the white line stands for r1 Which means resistance blue line means P means pivot s1 means support all this stuff does not matter Just look at the lines as a barrier Okay, they're nothing but a wall this wall is gonna stop the market for you Okay, just look at it very basically like that. So you understand this very easily Okay. Now if this is today's date We want to always look at pivot for a total of three days Okay, that's one right there. Here's another day two days and then here is our third day Okay, total of three days. We want to look at all the lines of these three days. Otherwise Pivots by itself on that very day cannot be a hundred percent useful. Okay now same thing goes here Why do we do this take a look for yourself? Why did this market over here? Why did it halt right there? Why not down to the pivot? Because of yesterday's pivot line is right there practically to the tip Okay, and this happens all the time All right, so Moving on now, let me explain to you guys how all this stuff works Now when you have an exhaustion candle you want to make sure it's bouncing off of a pivot Okay, let's Show you some examples here Delete all this All right, let's show you an example right here because see some nice exoscients here See some exoscients here right couple exoscients here See an exhaustion on the other end too right here Okay, so let's say this is today's date draw three three segments. That's one That's two and that's three. That's all three of our days. Okay. We want to use all the data from all three days okay, so Market comes down creates an exhaustion Now this exhaustion tells us the market wants to reverse it wants to buy and how can you see this? If you don't understand exhaustion you can put your arrow on the body and you will You'll see that it looks like a rocket and wants to go in the opposite direction. Okay, so That could be your indication of What the market wants to do now it wants to go in a bi direction now once it Once you get this exhaustion candle and you see that it's bounced off of a pivot line You want to buy at the next candle? Okay opening of the next candle Which can be any one of these any one of these exoscients that you like no problem. Okay, let's say this last one Okay, where are you going to keep your stops? Okay, we I think John that was your question your your stops and how do you maximize profits using stops? Okay, we'll get to that Stops one of two things you keep your stop at the tip of your exhaustion. That's one way or My preferred way is to use the nearest Pivot line after the tip of the exhaustion. Okay, not this one, but the one below that right there Okay, that would be my preferred point for keeping your stop now It's more one so you got your stop now Now where do you exit? Okay people here from yesterday? Where do you exit on this? Can you guys can you guys give me a number? If you can see it because even I can't see it properly While you guys are looking at that and get an idea give me a rough estimate I will answer Okay Okay, three seven three nine. Good job John. Okay now John says three seven three nine Let me put a line right there three seven three nine is right around there. Okay. Why did he say this area here? Okay It's because from where you entered the next pivot line From where you entered in the and these three days of data is right there Okay That means this area here is your guaranteed profit zone Nothing is going to stop you on the way to that Okay This happens in all pairs every currency Preferably one hour and above Okay Yes This is how big of a movement is this I'll show you Let's say here The movement of twenty eight twenty nine pips, okay All right now That is how we do this is this trading strategy that I thought yesterday now That's just doing a recap of what we did now getting to The advanced part of this all of this now Just trading these guaranteed profit zones Means nothing. Okay Because 30 pips is nothing. I mean we went through Various list of people asking people yesterday. What is your preferred? amount of pips you want to make in a month and In fact, let me ask you guys again How much pips do you desire in a month? What is a good suitable amount that you think is good in a month if you keep the risk low? What is the good amount, you know, so let's have everybody answer that question. What's a good amount? You're looking for Okay Michael you say 100 is that in a month is that in a week and a day a month? Okay 100 pips a month, okay? So people are getting satisfied by a hundred pips a month, okay? Very slow very steady conservative. I like it good Mr. Simon says hundred a week. Okay, Samuel says thousand pips a month. Okay, okay low risk high pips very good very good Okay, so Hundred pips a week is 400. Okay, so we have the whole range here Mr. Gareth Lai says 500 to a thousand pips in a month. Okay, so our threshold is a thousand pips in a month Our medium is 400 pips and then our low end is 100 pips now What if I can take the medium threshold of 400 pips that you're looking for in the month and get that to you in a day Forget a day in a couple of hours Okay, this is what I'm going to teach you guys and this what I thought yesterday And we're just going to recap it really quick for the next five or ten minutes and then we're going to get back to a little bit more advanced stuff Okay, now correlation In the forex market is very important. Do you guys recall that I talked about the birds I view in our Where we go here we go, yeah that always keep a bird's-eye view, you know, this is very important and This is how all this stuff works. You guys might want to write this down if you guys haven't already Euro USD pound USD Euro yen Australian dollar US dollar New Zealand dollar US dollar All of these pairs move together in the same direction two pairs Move in the exact opposite direction of these which is the US dollar Swiss franc and the US dollar Canadian dollar Okay These two move opposite of these other five pairs just like you see on the bottom here I have all these seven pairs listed. These are my favorite seven pairs. These are the same seven pairs I do my forecasting on which a lot of you guys are big fans of on forex watchers comm This is the same pairs that I love lots of movement lots of pit potentials So and lots of liquidity as well. Okay, so now The same thing goes here now we had an exhaustion here on October 20th, October 20th at what time I At 10 o'clock on Euro USD. Okay, somebody keep score of all this. Okay, we're gonna do this really quickly October 20th at 10 o'clock at 11 o'clock we bought Okay, we bought to the next pivot line which gave us 29 pips on Euro USD. Okay Let's go to pound USD Okay, let's go to oh Nice little exhaustion here on the current market Okay, let's move on What date was that October 20th, okay, October 20th, okay, we got an error right there actually want to buy on Our opening of the next candle at 11 o'clock going to the next pivot line gave us 44 pips. Okay Now US dollar Canadian dollar we're gonna do the exact opposite instead of buy we're gonna sell Okay Let's go to October 20th for 11 o'clock 10 11 right there. Okay, we sold right there going to our next pivot line, which is over there 29 pips Okay, so you guys get the idea if I if I go on this is things gonna add up all the way to like 250 pips or something so but you guys get the idea as long as you know these correlating pairs all you need is one exhaustion and two Exhaustions if you have two exhaustions bouncing off of a pivot line You have a confirmation that this movement is not just for Euro USD This is a movement throughout the charts because something is happening with the US dollar What is happening? I could care less. I've worked in the bank a lot for that and I've really lost my mind So I can care less what the dollar is doing for me as a speculator We're in we're out. We've got some quick bucks. We're out for dinner. Okay, so that's what we want to aim for Okay, again, I'm gonna repeat the list one more time Euro USD pound USD Australian dollar US dollar New Zealand dollar US dollar Euro yen all the same direction Opposite directions US dollar Canadian dollar US dollar Swiss Frank move opposite. Okay Okay, so so far everybody understood the guaranteed profit zones and correlation Okay Once I get a yes from everybody If anybody has a question, please let me know now so I can get you some recaps maybe more examples And then we can we can move on from there Okay, let's go to the questions here. Let's see here. Okay, Samuel. Yes. Gareth. Yes. Yes. Yes. Yes. Yes. Okay perfect I'm righteous. Mr. Simon. Yes. Okay. Let's go on Okay, so we Okay now now Getting into a trade and making a profit like we discussed is Now a piece of cake Your son can do it your daughter can do it your boyfriend your girlfriend mother or father anybody can do it now Okay, all all you need is these lines on your screen and an exhaustion candle Okay, it's very easy to explain to anybody now For people who do not have time to trade Okay Mr. Bill he has a question are these standard pivot points you are using yes, these are exactly you can actually Use a pivot point calculator and you'll get the same lines Okay, but I'm using this indicator that plots these pivot lines automatically every day at 5 p.m EST Whenever the day changes it plots it for the next day automatically and it stays still it does not move around Okay You guys can Get the indicator from urban4x.com if you guys like because it's very easy if the pivot points plot by itself Rather than you doing it manually one by one because that's a big mess so Yes Okay, so now Turning a profit now it should be very easy for you guys and now that we've gone through the polls We will hold a weekly Webinars for the strategy So this gives you enough time to actually go try it out come back with some more questions, you know I don't want to leave you guys hanging. Okay, so Turning a profit is now everybody's cup of tea, but How much profit? Okay What can you do with the extra profit that's there for those who those of you who are busy take the guaranteed profit? Put in your orders walk away Okay, all you need to look at do is look at your charts every one hour See if there's an exhaustion candle somewhere that's bouncing off of a pivot line Place in your orders, you know your limits as well do it for everything walk away That's it. That's that's your your investing. You're not working. You don't have to sit there and you know Feed it your emotions, you know, that's that's that's your that's your investing. You're not you're not working Just remember that so you walk away Now for those of you who do have time who are available part-time or full-time for this, you know When I say part-time talking about five six hours Then Not only are we going to be playing with our stops? We're also I'm gonna also be teaching you some awesome cool new techniques that Is gonna blow your mind because we are going to bend the law of Investments a little bit and this sector that we're gonna talk about low risk high reward. Okay All right Now Let's get you some Example when you use your stops always use the harmonic method Okay, when I say the harmonic method for this is again for active traders The harmonic method is basically if the market moves in your favor quickly You move your stops in your favor quickly If the market takes its time to go in your favor Then you move your stops slowly and you trail it slowly do not use automated trailing stops that are provided by your brokers because They cannot feed in Logic they can only feed in a number that you set Okay, they cannot mimic the market's movement Okay Remember always adjust to the market. You will stay alive Okay So let's get you an example You're trading off of this pivot that bounced off. I'm sorry this exhaustion that bounced off of this pivot Okay, this one right here Market moves up all the way up to your guaranteed zone, which is right here You know all three days of data is saying that they that the pivots are here. It's a very strong zone here. Okay Market reaches here. Those of you who are part time. I'm sorry not part time Those of you who are just investing for for the sake of it got your money now. Those of you who are sitting down There's this extra profit that comes up What do you do with that? You know, can you take that and If you do, how much do you have to risk? How much do you have to put on the table to take that? Okay, are you gonna lose what you've made? Okay? This is the question that comes up with everybody now There's what you do once it moves up to your I'm sorry Your guaranteed zone you want to start trailing or stops Okay You want to try to start trailing or stops to a point where you're very close to this line Okay, as it moves up to the next pivot line and you can actually get an idea From where you've entered to two pivot lines This is a total of 130 pips you can automatically understand it. Okay, this movement is pretty much done because Very rarely you will see, you know the pound dollar Doing like 500 pips in a day, you know, I Myself love home run shots too, but if home run would used to come around every day That would be great, but it doesn't you know, that's the honest truth It doesn't so don't get too greedy with this but you can take it to the next pivot line Okay. Now Moving or stops is very very useful. Now Here's what we're gonna do when it comes to Turning the law a little bit now Sorry one second Yeah, sorry about that. Okay. Let's continue here now See here get you guys a nice example so you guys can understand Okay, okay, let's let's use this example All right, let's say you've bought somewhere here. There was an exhaustion or something you bought around here Market goes up comes down Continues up again Okay Now at this point, you're not just relying on the exhaustion strategy that I've talked to you Maybe you might you might be relying on my forecast telling you which direction the markets gonna head throughout the whole day Maybe you guys are relying on moving averages Whatever Information from whatever resource you're getting tells you that the markets gonna go long today Okay, if you have that information and it's reliable and you trust it then this is something you want to use Okay, market goes long goes up Comes down and when it comes down and you see it bounce off of a area And it goes back up as it's going back up and you see this bounce you want to draw some arrows from the body The lowest body of the bounce area and you see does this have some strength in the past You can draw it on the tails to some of the tail if you want does this area hold strength Recently in the past and you can see yes, it does Okay It does it did not let the market cross above this in the past and Not only that we also have a pivot line here. So what does this tell us that? What's becoming a support here was a resistance over here? so Whatever you've bought from down here You've had your stop. Let's say 40 pips away You've gone up. It's gone up. It's come down your stops You do not move if you want to take the strategy. You do not move it at all until this happens Comes down and it bounces as it's going up You now move this trade stop to zero and you add one more position and You keep 40 pips stop loss on that position Now what do you have in your hand now? You have the same 40 pips risk on your hand But you have two lots or two positions going in your favor if the market goes in your favor Okay, so if you look at it if you even gain 50 additional pips That 50 additional pips you've made with two additional positions. So what's actually happening is? We are keeping the same amount of risk here that we've initially desired But we're adding on a potentially high reward very very easily and very very quickly Does that make sense to everybody? Okay, while you guys answer that if you guys have any questions while you guys ask me I'm going to pull up another example here. Hopefully I can find a clear example. So you guys can understand and Then we'll use a little bit rough example Okay, it's the exhaustion candle same as pin bar. Yes, it's the same thing as a pin bar. I just call it an exhaustion mr Simon John yes, okay Okay, let's Okay, let me see now the market is going to be trending for the next couple of months due to How the market it's been going to turmoil with the US dollar and all the other currencies around the world You are going to see large large swings. So Trading in one direction is it's going to be very beneficial You're going to see a lot of swings a lot of trending moves Okay, here's a nice little indication right here Okay Let me see if I can Okay, so you sell anywhere here just an example based on whatever method you might use you sell anywhere here Market goes down comes back up it bounces and as it's going down You draw on the body and you can see even tip if you want You can see this held true just recently Because it moved the market. So this is a strong area here Yeah, this is where you will add additional positions Okay, so your first entry you might not get perfectly But your second entry at least you will know where to enter exactly because you can see the market you can mimic it Okay, if you look at over here It missed it Okay, but it would have been a perfect shot, but it missed it and that happens. That's okay But if you do get it you get it at pinpoint level where we're talking about 10 15 20 pips mask maximum movement Before it goes in your way much stronger Okay now So everybody with me so far on Okay, John one more example would be perfect. Okay. I'll show you guys one more example Let me open up another pair. So you guys can take a look Okay, let's take a look at Euro yen. It's a big movement Okay, let me randomly scroll anywhere Let's go past October. Okay, we're in July now. Okay, that's fine. All right, let's take a look here. Okay Now here's an exhaustion that bounced So you're you're trading here. You're selling. Okay You sold here and your next pivot line is the same days pivot line is right here. That's your Guaranteed profit zone, but You keep going you have your analysis or my forecast or whatever you're using that says it's gonna be a sell You know, it's gonna be a sell movement. So you you hold on you trust that you hold on and You see the market's gone past our guaranteed zone and It's come down. It's come back up. And what do you know? It's created another exhaustion And it's bounced off of that level if you draw a line on The tip or its body you can get an idea if this level is quite strong and you can see that this exhaustion Also bounce off of this area here. This is where you add additional position write it you can write it till the next pivot line and You have how many pips here? 44 pips with one position You have additional 50 pips with one position and additional 40 pips additional 50 pips with another position That's 150 pips total if you take if you consider it as one position in one pair You put correlation together There's a very big chance. You're gonna hit 500 600 pips doing this in a matter of hours okay, so Now the people that are in this room right now with me that are listening I need you guys to understand one thing and I'm gonna share my experience with you that The people in this market who actually make the money are people with patience Just have patience. I'm gonna I can hold your hand and show you how to make the money just have patience and It will create a profit for you if you just wait for these setups Okay, if you just wait wait and wait you'll see a setup show up you enter as a correlating pair You take 300 400 pips off of us, you know a single day you walk away Maybe you might not get a treat the next day, but the other day and the day after that maybe you will Okay, you will get at least five to ten trades in a month for sure and it all depends on how much the market is swinging or moving and You can really add up some profit like that again patience is the key Okay, I myself don't have patience sometimes, but I Can tell you by my experience that patience are the people with the money now Let's Okay, so John did that example example makes sense to you. Would you like another one? Okay, here's another one right here actually just in case if you Sold anywhere up here If you sold anywhere up here Market went down came back up it bounced off You can create a line right there and you can see this level was strong in the past Bounced off add additional position you can write it to the next pivot line over here over here would be your next pivot line To be safe. Okay, so this is how you add Lots of reward to your same risk that you will initially have all right now We've got 15 more minutes left to do this webinar session 15 probably 20 I'm gonna share one more technique with you guys. It's called the trend continuation pattern Now any guesses what is a trend continuation pattern nice? Perfect trade right here textbook example very beautiful very nice Yeah, so any guesses what? What are I'm sorry. I'm Losing my train of thought trend continuation patterns are okay Did the GBP GBP USD just bounce off of pivot with the huge downward movement right now as we speak? Okay, doubling up on positions was the last thing we talked about Bill Miner says you were showing us the example of the strategy as per John's request Example of the stretch. Oh, wow. It was that far back Okay, did we they've reached anything in terms of? But extra profit with trailing stop slowly Okay, okay, so Yes, you should use market harmony when What when trading the forex markets because if the market moves quickly You want to move your stops quickly behind it if it moves slowly you want to do the same So it's it's advisable that you do not use a Trailing stop loss that's given to you by your broker Okay, because the trailing stop was that's given to you by brokers is You cannot add in logic. You can only add in a set number. Okay, so you cannot mimic the market's movement speed Okay, what is a stop loss for new added positions? It can be It can you can keep it as a hard stop 20 30 40 pips or you can keep it at What I like to do it is the pivot below the tip of the exhaustion Let me show you here. For example, you can see my the red arrow here for this exhaustion The tip is right here. So let's draw a line on the tip Boom, what is the pivot right below that? Last three days is this one right here So you can keep your stop right there or a few pips below that that would be your stop Okay, this this particular trade goes up guaranteed profit zone is right here And then it goes further up where you can continue to trail your stop As it reaches its next pivot line this one or this one Okay So that's so we can calculate if you want to take it from the tip all the way to the top pivot line You can see that's 130 pips that might be too far But can we make it to the second last one hundred and two pips? Yes, we can So you have to keep that in mind too that am I pushing it when I'm expecting a home run? Okay Okay Now I Want to discuss with you guys even though we've gone way past our time. I want to discuss Trend continuation patterns. Okay, any any guesses on what a trend continuation pattern is? Yes, no nothing. Nobody no guesses. Is my internet still running? Yes, it's running. Okay, great See Same color candles Gary. Okay Rom says can you have weekly follow-up webinar on the weekend? I don't know if I can do it on the weekend. I mean I'm already doing this outside My work hours, but doing this on the weekend will cut into my private time as well So I can try but let's see. Let's see once we schedule everything up. We'll see how it goes Okay Gareth adding positions on the next buy Okay Okay trend continuation patterns. Let me show you this Okay Let's give you a nice example here. Actually, this was a nice example right there When you have an exhaustion that's upside down within a trend like that That also can be traded Because that is telling you the trend wants to continue downward There's too much pressure from the top pushing it down And it's bounced off of a pivot if you put your arrow on the body You can see it the rocket wants to go down Okay, how far do you take it down? You already know where to exit because you have your pivot lines right there would be your immediate Guaranteed profit exit is right there okay, so a Trend continuation pattern is just an exhaustion that is upside down Okay, and and there are a lot of them. There's one here There's one right next to it that tells you that yes, it's going to continue There's one after that too See all these are trend continuation patterns is telling you that yes, it's going to go. It's going to go. It's going to go Here's here's a really nice one. That's bounced off of a pivot trend continuation pattern for a downward move Okay Here's one that did not work. There's a example of a one that did not work Okay, did not reach any of your pivot lines It went all the way up immediately Okay, so a trend continuation patterns are a good confirmations, but Yeah, you got to be careful Now there are in fact, I think I just saw one on the current market. Let's go to the current market. Let's take a look Okay, the euro has gone crazy as far as what I see right now. Let's take a look at pound Pound the same thing at that. I saw a really nice pattern. Okay trend continuation patterns occurring on Canadian dollar All the way down Okay, but move to Swiss Frank Just Frank. Here's a failed trend continuation pattern. It's not bouncing with a pivot. In fact, it's near a pivot So it's a little bit risky Okay, let's go to Australian dollar Mm-hmm. No trend continuation patterns. In fact, maybe an exhaustion not very clear, but it looks like it might be one New Zealand dollar Let's take a look Maybe that was an exhaustion because a trillion dollar showing exhaustion New Zealand dollar showing an exhaustion Take a look at Euro yen Euro yen trend continuation patterns here as well, but no no exhaustion Okay So now Just okay, let's go to the questions and I'll give you an analysis on what's going on right now Okay Previous resistance becomes support and the opposite. Okay Yeah, John, I'll go go go over that again to find the retrace and bounce should we go Lower time frame on the charts. No, never go lower on the time frame. Okay I personally do not like that at all because all that does is Makes you a perfectionist Which is not a good thing when it comes to trading you do not want to Run after the additional one or two pips that you might have missed forget the one or two pips forget the 1020 pips that you might have missed go for the big shot that you know, you can get regardless and Sacrifice the five or 10 pips for comfort Having comfort while investing is the number one key because that will keep you going if you're always stressed out while investing Yeah, you'll make the money but Is it any different than doing a job, you know might as well go go to work and Have your boss do that for you so all right, so In a trillion dollar you saw there's an exhaustion. Let's take a look trillion dollar US dollar Yes, this is the exhaustion that we're referring to Mr. Simon because you can see in a trillion dollar There's an exhaustion look alike not very clear But you can that could be confirmed with New Zealand dollar US dollar you can see that it's over there It's a little bit more clear Now none of these are bouncing off of the pivot. What does that mean? Let's take a look at Euro yen You can see the market is wants to go down because we have trend continuation patterns on Euro USD Euro yen telling us that the market wants to push down We're getting way too many Tails on the top side Okay, now John your question was previous resistance become support. Okay, let's go over to that because that is very important Let's go to that really quick Let me show you a nice example. This happens in a nice moving market. Okay, let's say you you've Okay, let's use this example you see this big Exhaustion right here. Let's say you've just drank Red Bull and you're like in the mood to trade Okay, and you've taken this trade somehow you've sold on the next channel right around here trade goes down comes up Does it touch anything over here no Goes down goes down goes into the next day comes up over here Let's put our line onto the body and the tail Okay, aha now we have a little bounce here that we had earlier Now your support over here, that's right your support over here has become resistance now means first position stop equals zero and You add a second position with the same amount of pips of stop loss that you use for the first position Initially, okay, and as you're trading you feel a little bit comfort you have because you see these exhaustion candles I mean trend continuation candles telling you that okay, whatever you're doing is good, you know, good job and If you're looking at going to the next pivot line, which would be over here or Even the next one was hit to both of them were hit So if you add them all together You can easily easily easily easily with these exhaustion candles guaranteed pivot zones Adding extra positions using correlations on a single day in a matter of hours You can you can you can hit a thousand pips. I've done it many times. I've shared statements I've showed it online. I'm on YouTube about it. So it can be done. It's not difficult It's just that you need to stay cautious You need to take your time. You need to do your analysis and you do not need to jump the gun That's why you stay on the one hour chart Take your time. Relax. Take a trade place in your orders walk away as you become an expert in In placing your orders and walking away. That's when you have okay I'm gonna give it additional two or three hours and see can I do better than what I did last month in Terms of doing this technique. Can I add ten twenty percent extra to my account from what I did last month? By doing these extra little techniques. So again, so today's webinar consisted of every information of Increasing your profits. Okay maximizing profits Okay, so as of right now any questions so far Any questions throughout today's Tips and tricks yesterday's strategy that was taught to you that we had a recap of today any questions whatsoever I can go over it really quickly. Okay. We got a question here Let's take a look here Perry said I took the stolen dollars or short was the candle prior to the drop an exhaustion candle I thought so. Let's take a look. Yes The reason why I say yes because you can look at it on New Zealand dollar and see yes That was an exhaustion candle. It's a little bit more clear on New Zealand dollar New Zealand dollar US dollar Yeah, so that gives you confirmation now if you put these all together you have one exhaustion That's bouncing off of pivot, which is on Australian dollar US dollar put them all together You have yourself a full-blown trade going on right now with the correlation Okay now Next question Gary Where do I get the pivot indicator it is available on urban forex comm there should be a search bar somewhere just type in pivots You'll find it. I think some of my strategies that I use on that I share on urban forex comm use pivot points You can use any one of those indicators. It's all the same one. Okay Okay Okay, mr. Simon you say so far so good need to attend the session first session. Yes I will email you guys once all these Sessions are up on a video on YouTube and you guys can take a look. Please do rate them if you guys like it Please do like them Johnson's can you please show us the very first add one more large strategy that we saw today to take a snapshot? Sure. Sure. Let me show you that one more time Let's give you an example of pound Okay, I showed you your yen last time and you're a UST. Let's look at pound US dollar Okay Let's say You've traded anywhere here. In fact, let's not let's say let's take a look at a proper cell that you would have taken Let me find an exhaustion There we go trend continuation pattern okay, okay, let's say you took that trend continuation pattern not the exhaustion, okay and You sold here Marcus gone down. It's come back up and over here You have one of two things. It's not crossing above the pivot line and You also see that in the past that area was Support many many many times and then now it's become resistance Okay, as it starts going down over here over here or over here you can add in another position and You can add your stops up here where the your whatever stops you kept for this initially can go over here and Your first position goes to zero now your stop loss And you can write it till the next pivot line for the one after that if you're very careful But the next pivot line would be the safest bet Okay Hopefully that was Good for you Don't worry about screenshots everything that I teach I'm gonna have tons and tons and tons of examples on our forums And the forums are not up yet they will be installed and running in the next 48 or 72 hours and this We are contemplating of making this form private or not nothing will be charged. Don't worry, but we might Do it for people only who people who are interested. We have a lot of spammers out there who come in and just advertise our stuff Okay, Gareth, could you re-explain the exhaustion candle compared to the trend line can okay? Yes Gareth, let's go over the exhaustion candles. There's two types of candles We have the exhaustion candles and the trend continuation pattern candles Exhaustion candles happens at a tip of a trend Let me show you a very next example Okay This is an exhaustion candle This happened at a tip of a trend the tail is on top The body is on bottom. So that means the weight is to go down Okay, let me show you another exhaustion candle Here Okay, you can see the immediate trend was coming down and then we had this exhaustion nice long tail small body towards the top For upwards Same thing over here Wouldn't really say but the immediate trend if you really really look at it It's like the downward movement because we have lower highs lower highs lower highs. So also an exhaustion now Because the tails on the bottom Head is on the top and they're telling you that it wants to go north now trend continuation pattern is Inside a trend. It's not in the corner. It's not a tip of a trend. Let me show you an example for that I'm sure a nice clean example So it's very clear Okay Okay, you see let's leave. Okay. You see this trend is going upwards, right as it's going upwards This right here You can see it's an exhaustion, but it's upside down It's going with the trend because the body is on top and the tails on bottom This is a trend continuation pattern Excuse me Let me show you one more example of a trend continuation pattern. So I don't confuse you market is heading downwards immediate trend is also downwards and we have a Upside down exhaustion here that says it wants to continue down tails on top Head is on bottom. That means the weight is towards the bottom Okay, make sense Okay Okay, great. All right, Alvin. I just want to thank you so much for taking a pretty good time Yeah, you're very welcome Alvin. We will have regular webinars. I will be sharing a lot of stuff that I have actually looking towards You know Stop trading myself and start creating a community and all that stuff. I've been trading for way too long now so Okay, you're very welcome Simon Danny, do you still have the 10-pips per day strategy? Yes, we do have that. I do not currently use it But we do have it. I Have an intern who's actually trading that I think he's trading the urban towers. So that's there We will create webinars for that as well the 10 pips per day I think a lot of people are very interested in that Bill, do you have the one-hour charts because the strategy works better on the time frame and or I trade the one-hour because it filters the market the news the fundamental news and also that because One hour is a decent amount of time for you to take a break and come back For whatever will you have to do or if you're at work and you just Once an hour you to check back on your charts is not that bad And also the movement on a one-hour chart your stops will be 30 to 40 pips compared to a four-hour chart Where you have to keep your stops at maybe 50 to 100 pips. Okay. All right Another three-day pivot rule still apply smaller time frames no Three-day pivot rule may not apply One-hour charts. Yes, because there's only 24 candles worth of data on a one-hour charts for per day on Smaller time frame you you might have to go session by session to create pivots Okay, Samuel Naveen one of your staff members post daily blogs on Facebook trades. Yes, he trade He posts about our urban tower scalping strategy. He has a blog about that. He's an intern at our company and He shares his insights on that. Is it possible to have someone do that for this one? Yes, we will do this for this strategy as well. And in fact, I myself I'm gonna be Taking care of that Until one of you guys become an expert and you guys can help me handle that blog or webinars I would love for you guys to help me out and And no, it is not asking too much. You guys deserve this. It's fine. I think education everybody deserves education Okay, Gary. Do you always use pivot points or do I use fibs also? I always use pivot points with this strategy Fibonacci's I use for my Forecasting that you see on forex watchers comm over there. That's where I use my in fact If any of you guys want to do pick up the forecast at forex watchers comm the promotion is gonna end on the end of the month We have you know, like 75% off on all the prices and we're gonna hike the rates back up in January It's just a Christmas deal that we've had Samuel thanks so much for this webinar. It's you're very welcome. Mr. Simon just to reconfirm in us Hitting the resistance now. Okay, let's take a look Australian dollar US dollar real quick Australian dollar US dollar. Yes, it's hitting now Now one main thing Mr. Simon. Um, you're telling me to take a look at this. Why? Okay We have 10 more minutes to go till the candle ends. So the market is still moving can't say anything What's gonna happen? Here's how you how you analyze a situation like this. Let me Close this real quick now Look at the tail on top. Look how big the tail on top is and Focus on how big the tail on the bottom is going to be at the close of the candle That will give you an indication on what's gonna happen now Once it crosses below this pivot line You might have a fair idea of what it's gonna do because this pivot line is technically really powerful Because you can see we have three days worth of data on or around this pivot line right there Okay, we have today's pivot line yesterday's pivot line day before yesterday's pivot line all around this area So this is a little strong area and you can see we've had Resistance support. I'm sorry support here, too Earlier today it hasn't crossed that so if it does cross it expect a further fall That's how you do the analysis. Okay. I hope that makes sense But wait for the candle to close wait for maybe a trend continuation pattern But that's how you understand if you have a long tail, maybe it mark is turning around Okay, I Love to help out once again. Yes, Samuel. Um, we are very open to a lot of the people You know, we're always looking for interns to help us out You know, it's and whatever I have to share I share first with my interns then with the public So that's one benefit I hope to have a seminar from you. How do you do the forecasting because you are perfect on that? my forecast forecasting is still I am still not gonna share that information because that's That's where the money comes from to Run urban forex comm to be very fair and all that if I release that information on how I am Coming up with these forecasts and like pinpoint accuracy urban forex will die and We need urban forex to live because when I first started out trading forex Nobody was there to help me and I want I don't want this to be the case for a lot of you guys out there Okay The fundamentals mr. Simon just to understand my study. Okay, Bill Will it be grandfathered morning Ford Bill yes Any questions that you guys if you guys take a three-month subscription You guys have access to the support forum, which I personally answer to so yeah, if you guys need any help I'm always gonna be there and in fact, I might even start launching webinars on forex watchers comm to Okay, thank you. You're welcome Perry Naveen Why do you do this so generously? I don't know. I guess I've had this since a kid. I've always had that soft spot for Somebody who's not getting it right, you know If I was in school if I see somebody who's not understanding the material I would help them out if I was You know in high school, I saw something getting bullied. I'd always help them out I've always had that soft spot for people. I don't know. Maybe it's just me or I don't know what it is But I'm in Forex now and I'd love to help as much as I can Okay, I you're very welcome. I hope you Is the forex watchers It's forex watchers comm it's a fo rex w a t c h u r s comm There we go Okay, can we have your email ID? I Do not want to give my email ID out now actually I can know I cannot I'm I have this webinar That's it's being recorded if I give my email idea. There's gonna be a lot of people with my email address Message me in private and I'll get it to you Also, I was one of your first members at forex watchers, right? Okay, yes, I do remember you Perry I I've seen your name many times at urban forex and at forex watchers I think the rates are extremely low right now, but do email us get in touch with Samira email her at Samira at Forex watchers comm or info at forex watchers comm tell her you're an ex member and she'll look up your records And she'll offer you a further discount. We do take care of our older members are coming back Okay Mr. Simon the email that you got for the webinar just reply to that Email and I will get it personally because it's that that comes to me Okay, Samuel. Sorry. I mean you mentioned some subscription service. Where can we find this you can find it at forex watchers comm www.forexwatchers.com Okay, so I'm sorry. I have to cut it short right now We've gone way over in time and my recording is going to become really long So I thank you all for attending. I hope you guys learned a lot and I do Hope to see you guys again soon. You guys been a great crowd. Thanks a lot. Take care. Good night