 Ken's chart, unfortunately Ken couldn't make it today, but I'm going to probably draw this in yellow and all seek capture pain relief is is understanding where typical support and resistance traders have been caught in their positions. So let me just try to move this up one second. I'm going to do a different color. So in this example, we have probably just off the screen, but we have can you guys see the yellow marker by the way. Yeah, yeah, yeah. Oh, Leonidas for COT data, right? COT, I kind of stopped COT and the reason why I stopped COT was because it really wasn't providing that much of an edge to our fundamental analysis. Yeah, so I kind of I did I did stop COT but I do include it I do include ING's analysis of COT so there is still COT in there if you want to use it by a Dutch bank called ING and they're pretty good. So anyway CPR right capture pain relief. What we're seeing is a typical or typical price action where support becomes resistance resistance becomes support. Yeah. And so what we're looking at is failures in that in the typical what you know all your YouTube Instagram traders do. Yeah, and the strategies that they they technical strategies that they that they use with we're trying to use them against them. Yeah, because what we know in the way that I was taught by my mentor was in order to make money you have to take money. Yeah. The money is transferred from the loser to the winner. And the simple concept of waiting and seeing where your opponent is is invaluable. So if you didn't know that this was coming and not many people did know that this this large candlestick here was coming, you know, because of the Bank of Canada. And their decision today. What do you think is the expected move to the downside. It would have been for price to continue going lower correct everyone would agree with that. Yeah. Yep. No. Yeah. Okay, brilliant. Yeah. Right. And so once traders get involved in a trade like this where they get some price action and first of all you've got you've got breakout traders, you've got retracement traders, and you've got level traders. Yeah, level traders. And they had to trade around levels anyways, you've got the breakout trader who would have got involved in that very bearish candle stop above the high right stop above their cast that's where you have to place your stop over there, or just above there. And then you've got the retracement trader, right replacing their stop losses there. Right and they've seen it's nice engulfing candle and traders are getting involved in there right now none of them has made enough from a risk award perspective. Yeah, to make any really real amount of money because if you've had to enter on this candlestick here, and that's your risk price hasn't really moved at far right as an inverse risk award traders at least go for like one to ones right. So they haven't then I know for a fact that they haven't exited that trade is the same thing with these guys right these guys, even though some of them might enter here, prices barely went to a one to one barely. Yeah. So for me, if that's your risk, and you've got a little bit of reward. Yeah, these guys are still in their trades. Why would these guys still be in their trades because of something called loss aversion bias. Right. So first of all, they've been they've committed capital and they've been captured in their position as prices go against them why would they be captured. Why wouldn't they just, you know why wouldn't prices trigger their stop losses and it's because, as we know, and many of you here have done this is that there's something called loss aversion bias, right, lab loss aversion bias. And it's where pain feels worse than gains feel good. And it's just a natural thing normal human bias right we tend to really focus on the pain, rather than the good rather than rather than pleasure. So pain feels worse than gains feel good or pleasure feels good and it was done by some it was actually an experiment by some scientists. So it's a natural thing that we do right and how that manifests itself in in trading is that traders don't want to realize the loss. So what they do is they move and remove their stop losses because the pain of losing is just too much. So let's say for example they've been on a two or three trade losing streak maybe they've over leveraged they've you know risked, you know 5% 10% on the trade right they don't want to realize this loss. So as prices start to go against them. Right so they've been, they've committed capital, and as prices go against them and they start to move their stop up right so these guys the retracement traders who stopped losses above this resistance level, the breakout trader who got in on this breakout this nice bearish candlestick here. These guys are moving and removing their stop losses because as price goes against them they don't want to realize the loss. They don't want to. And in the short term we get emotional with traders we shouldn't really but we all do. And we make these repeated mistakes and you move and remove your stop losses right. And as you're starting to do that now you get caught in your position because rather than risking 5% and getting stopped out or 10%. Now you're down all the way up here maybe you're down 20% or 30% or 50%. Yeah, so now things you just dug yourself a hole you're kind of caught in your position I only really meant to lose 5% of my account on this one trade now I'm down 25%. You're hoping and praying. Yeah, that prices come back because the pain. Yeah, so the pain there. Yeah, so it can be captured as prices go against them is more and more and more pain because now you're thinking to yourself. Oh my gosh, prices are gonna, you know, I'm going to blow my account this is like the third or fourth account I've blown. I put everything I had to put my children's you know, school funding there I put my, my Mrs, you know wedding funding there. And I cannot realize this loss. Yeah. And the more that prices go against traders. This is the pain that they suffer and this isn't a phenomena for retail traders this is all traders because traders river your institution of course you have risk managers in institutions but we know that institutions can trade their way out right they have sophisticated or more sophisticated in hedging strategies that can hedge their way out right whereas the retail trader doesn't but regardless of whether you know institutions and retail are hedging their way out. The point is, is that traders are caught in their positions and they fill in a lot of pain and when you're feeling a lot of pain. The only thing you want is pain relief, right. It's pain relief. And the only relief that you're going to get or some sort of relief is if prices come back down to this area right there. That's it. Because then you can get out for your original loss or somewhere there are thereabouts and express trade in the book is what a break even trade or a small loss or your original loss especially if you were down like 50% you're seeing your unrealized loss. Yeah and you're thinking oh my days I'm going to blow my account now 5% doesn't look so bad right so if prices ever come back down here if you sold if you went short here. Right and let me just clear this chart up a little bit. If you sold here. Yeah, to get sure to exit your trade you've got to do the opposite thing you have to buy. So yes a buy order. Yeah, traders who new traders who are looking at this level of what support support resistance if prices come back down here going to do what what are they going to do what would you do if you saw that. Buy that's exactly it so more buying so more demand what is buying is demand right by orders of demand and then you've got traders who would have shorted up here maybe wrote it down. Yeah, it's to certain areas taking take profit areas tend good take profit areas tend to be areas of support and resistance because you know where price it's known I call it a trouble area right. Prices have been rejected from there so you're probably going to take profit there if prices break through more traders are going to take profit where around here and if you sold up here then you're the opposite to take profit you have to do what buy to exit the opposite. Yeah, so there's so from a technical analysis perspective. Yeah, we understand why there should be more buy orders than sell orders the question you always have to ask yourself at a level is why is there likely to be more sell orders technically. Not the sentiment wise but technically. Yeah, as to why you want to be a buyer or a seller. Yeah, and we know pretty much the actions of all mark technical analysis. Market participants, because pretty much 99.999% you can trade as there's thousands of different strategies out there, but they all get grouped into breakout, retracement and level traders. I don't know of a strategy and I haven't I don't know many strategies I don't know hundreds of strategies but the point is is that every strategy that I've ever, you know, I guess looked at on YouTube, you know, eight from over seven eight years ago, all involved support and resistance because that's where the turning points are. So that's where there's going to be a lot of potential liquidity and a lot of trading activity. And this in fact turns into an intraday demand zone. This is this is what I know is an intraday demands and CPR zones can be obviously can use them on the daily but intraday demand zones that whole area there is demand. From the top of that support support resistance zone all the way down because none of us know where within this zone, right where prices are going to turn around. No worries john no worries, no problem it's being recorded so have a good one. Anyways, so, so the point is is that this, I'm just giving feedback and I just this was just the educational purposes I know we've got some new guys in here but Ken's chart. Yeah, for me this is fantastic. This is what I would class and a one set up and it has that added bonus of fundamental analysis. So with the Bank of Canada. Yeah, announcing Bank of Canada announcing that they will say announcing but first of all inflation went higher. And they are reducing their buying of bonds I think it is or purchases. So that is positive for the the Bank of Canada and I guess the Canadian currency. And so what you have here also is if prices come back here this is now going to be seen as an absolute bargain if the rumor is that they are going to hike rates sooner rather than later. Because anyone who missed out here all the big institutions that didn't manage to get their orders filled in and around here now know. Yeah, exactly so there you go. Thank you so they've also upgraded their GDP forecast. So now when you think about the CAD versus the Swiss Frank. Yeah, Swiss Frank negative interest rates. They're not even close to raising interest rates and even talking about raising interest rates. Yeah, now this looks like an absolute bargain if prices ever come back down here, knowing what we know GDP, inflation, interest rates, everything going in the right direction. This now looks like an absolute this is what you would I would class as a once out. This is a one for sure. Yeah. So for me doesn't get really much it doesn't get much better than this because you've got the fundamentals behind you. You've clearly got the rest of these other traders who have been caught in their positions. So yeah, this is this is a this is a fantastic trade setup for me. I want it to go a bit higher. I want to maybe break another level or so just to add more pain. I'm very sadistic like that I just want more pain more pain for them and then I want relief I then I want it to trickle back however it comes back and in the in the time that it comes back. Yeah, don't don't think to yourself oh why why why is the can Canadian dollar falling look at it as this is my opportunity to buy again because you know what the financial institutions are looking at that as their opportunity to buy they might manipulate prices to come all the way back so that they can actually do more buying at this price point at this 73 knowing that in the future they want it at say for example 80 in the next you know three to six months. I think I absolutely bargain now unless you know the Swiss National Bank pull a rabbit out the hat. I can't or unless obviously there's some sort of risk sentiment or risk off sentiment or for example even the can Canadian dollar let's say or the Bank of Canada you know maybe say something or do something or maybe there's some really bad news around Canada. I don't see nothing is perfect right anything can happen in this world, but the point is and as I was saying at the beginning of the video is all about probabilities. Right, probably. I don't want to try to type it out with the on my trackpad or probabilities the probabilities of this going in this direction if it pulls back is very high considering all the boxes that we're ticking. We tick so many boxes, we've got value on our side, we've got, you know, risk sentiment on our side we've got inflation on our side we've got, you know, everything on our side. So price can do what it wants to do in the short term medium term but we have to take these trades, but anyways, brilliant trade set up that and let's see how that develops anyone got any questions on that by the way.