 You're right guys. So just a quick reminder of what we're actually doing in the market. Yeah, so So in the forex market and what you're attempting to do as I guess traders is is First of all, you're trying to understand value first of all first and foremost Yeah, why you should be buying something at a certain exchange rate Yeah, this is price and this is time Yeah, that's that's first and foremost That's how that's why we do our fundamental or sentiment analysis And then what we're going to do is we're looking at a price chart once we've picked our direction So for example, we want to you buyers of you know, I don't know dollar CAD for example, yeah, we think that the dollar is a buy because of certain fundamental Sentiment reasons in the order CAD is a sell Etc, right? Well, mainly we're looking at Buying just undervalued right so, you know, let's say for example, we look at the price chart and prices all the way up here Yeah, now We know that higher low swing points are the Source of the the move that push prices higher above what would have been an expensive area So pullbacks are usually what we would term as an expensive area or potential expensive area because there was no more There's no more demand there Yeah, or there was profit-taking or or just in general Buyers didn't see that this price point whatever this price point was Was worth buying up here. Yes So, you know, that's the reason for one of the reasons for a potential pullback obviously again. Sorry There's profit-taking there's other things going on etc positioning But once prices go past is known as a previously expensive area Yeah, and keeps going higher then this now becomes a Nice demand zone because if price ever comes back down to that zone That would be where the source of the strong demand came from and the same thing repeats here. Yeah So that was an expensive area And until price makes new highs The best area to buy is not at a past expensive area. It's not here That's not the best area. Yeah, it's gonna be here Or wherever the obvious the daily or weekly swing point is so when prices come back down into a zone You know when prices come back down into a zone Sorry, all we're doing really as a Supply and demand traders is because you've picked our direction Let me want to be a buyer of the dollar. All we're doing is we're understanding why Yes, you know This is a but this price point because at this point Back here, whatever, you know, wherever that was. Maybe that was a week ago or two ago on the timeline And if price come back down there a week or two later, is this still a bargain now? None of us know for certain there is no certainties plus you also have You know liquidity Issues within the market hence why we have stop hunting going on. Yeah, so Let me get to a level. There are different ways to approach this There are you know a couple of ways to approach this so we approach it by our general Understanding of supply and demand. What makes this area a strong? Area potentially of supply and demand and we go through our odds enhancers and then what we look towards is either one we look for obviously, you know our Second odds enhancers, you know our aside streams Volume divergence when prices come back down to here Yeah, so that would be just our typical supply and demand Strategy where you know, and then we look for our candlestick entries, etc. After we've gone through dynamic diagonal You know support resistance Etc. And Confluences in this area. That's one way of entering The second way of entering at a level would be For example caps capture pain relief. So depending on the actual Set up as well that happened here because you can also get this could be a CPR zone It could be a breakout CPR zone on a lower time frame that caught traders short And then we would be looking for obviously the relief, you know, this would be the capture point This might be the pain and then this would be the relief Yeah, and we understand that at the relief area is where there should be more, you know, demand and supply from a a psychological and Supply and demand equation perspective because that's what the capture pain relief Strategy, you know is understanding why technically there should be more Demand here from a zero-sum game perspective and a technical analysis perspective Or what we're looking for is Is a stop-hunt Yeah Is stop-hunt depending on again the market state You know how the market looks etc. And then we get potential stop-hunts going on Yeah, at that level of potential, you know Demand demand etc. And then stop-hunt below the market and then we look to get involved in that area there the stop-hunt Set up is obviously the the the absolute Bargain basement prices as you guys know when we can get some when we get some good entries on the stop-hunt You can get some very very good, you know, 10 15 20 to one type trades Some very good trades But the point is is that none of us really know and we just zoom in a little bit, right? None of us really know. Yeah If this level is gonna work because at the end of the day, there's there's hundreds of thousands of participants in In in the market, right? And there's trillions and trillions of dollars that go, you know, pass through every day and every week Yeah, and in any kind of single market, right or the forest market as a whole now Is this a bargain or you know, would this be a bargain for certain? None of us know and if it isn't all we do is we get involved here Yeah, and we and we let go of the trade once we see our trade set up We have to just let go of a trade a good trade a perfect trade can lose and a really terrible set up a random set up Can win? Yeah, none of us know that outcome of any one trade But we what we do know is that over time with good risk-reward management and Profit targets. Yeah, we will and we do eventually See the equity curve to the upside when if this for example level fails All we're doing is we're going down to the next zone and as long as again fundamentally and sentiment wise this is You know that what was happening here It's still pretty much similar here because sentiment. Yeah, so sentiment Can push prices to where we want to be buyers and I'll give you an example of that All right, so they could you could have negative sentiment. Let's say for example the dollar All right, and this is how traders mostly trade Fundamentals what they'll do is they go to somewhere that forex factory and then go to They go to I don't know. Let's say for example manufacturing right manufacturing and the manufacturing will be We'll have a negative number. Let's say or a less than Forecasted number, right? So then traders will go. Oh, you know what and prices will be at this point Yeah, oh, I should know price won't be there yet, but prices will be somewhere up here and Prices will be coming down to this point. Yeah, because There might be a news announcement that might come out that might be negative, but overall Yeah, if you're looking at retail sales, you're looking at home buying you're looking at, you know GDP and all those, you know other data points actually make up GDP and interest rates, etc that If you're taking into account all the other data points, yeah, the dollar is actually very good So it might have just one or two You know bad data points out of maybe, you know 10 of the main data points that are looked at when it comes to you know, the dollar the economy, etc Yeah, so two maybe bad sentiment ones, but you know eight Really good ones. So what happens is is that remember there's there's a game being played here And the game is to buy at value. Nobody wants to buy at highs, especially the financial institutions They want to buy on pullbacks. That's just the way that it goes. So when traders see That sentiment is pushing prices to a level what they will do is they will follow the short-term sentiment Who is taking the other side of your trade? It's the the financial institutions when prices start going against, you know The dollar all they're doing is just accumulating at a level or at certain prices now again None of us know how much they accumulate in what you know and and where the market is going to turn But when prices start going against You know, I'll stop, you know trending in the opposite direction or if a level breaks Yeah, it doesn't mean that you should be shorting the dollar unless you understand why you should be shorting the dollar from a Fundamental or sentiment perspective if you know, I mean, it's easier Yeah for traders to just understand or easy for me anyway to understand value Where I was getting caught a lot of times was chasing price. Yeah chasing price is really a fool's game Yeah, I'm not saying that people don't make money or can't make money in it And again, I'm not I'm not trying to say anything about, you know, you know, how you will make money I'm not financial advisor. It's not financial advice. But where personally I struggled with Trading before I understood fundamentals and value was chasing price. Yeah, and the you know It's it's it's proven Yeah, that most traders don't consistently make money because most traders consistently follow price if you go on YouTube Every single You'll say every single but pretty much the majority of the youtubers will are talking about price They don't talk about value because value takes time to play out and most traders who try to make money quick fast, etc I haven't got time for to trade value But if you can trade value and understand why you're buying something at a price point so I can take one trade here Let's say for example that loses. That's fine. Yeah If price come down here and the fundamentals are still exactly the same as some negative sentiment But the fundamentals the bigger picture overall is still brilliant. This trade can then turn into what a Nice five six seven eight to one. That's what you know Warren Buffett does That's what all of the you know, all the all the all the great traders Do and I'm not saying that, you know, there aren't great traders that that don't trade technicals You can read market wizards, etc. There's there's loads of traders that trade technical analysis But what they what they learn to do regardless of whether you are trading value or you're trading just purely price action Is actually holding trades. It's holding trades for the long term. Yeah, so If you're struggling to understand why you should hold the trade the most traders once they get into a trade It goes their direction Because they have nothing else to look at to determine when they should take profit Yeah, or how far the price is going to go What they do is they look at the the arbitrary figure of you know of what they've actually made So they've risked let's say for example 50 pounds. Yeah, and they're up You know on their trade 70 pounds Yeah, now 70 pounds there's fear of losing that 70 pound and remember that Unrealized profit because unrealized until you actually take the profit, you know could Most people saying okay, let me take the 70 pounds or let me take this 90 pounds or wherever it is a two-to-one, etc but imagine You've you know, you're at the you're at the backdrop. You're the backdrop of of really understanding Why you should be holding for longer and I'll give you an example of this matter of facts And this is a trade that I'm currently in on silver and you guys know you guys saw the trade entry on silver couple weeks back and How we were tension and I know a few of you are actually in the In this silver and gold trade. You're in a gold trade, but I'm in a silver trade. Yeah And this is currently my risk reward Yeah, I'm currently up something like what a 13 to 1 at the peak you know, I was up an 18 to 1 but That's neither here nor there what what the point of this is is understanding And I got in at the you know around here and I was prepared to get in several times a couple of times Now why would I first of all the question is why buy silver in the first place? So buying silver in the first place silver is like gold Considered a safe haven asset. Yeah, so when you see prices do something like this Yeah It was just really if you understood that this was a buying opportunity Potential buying opportunity then you could look at areas like this as areas to look for long trades And if you zoom maybe zoom out Yeah There was potentially, you know some sort of stop-hunt or a level that you could have got involved in Right, we took advantage of I took advantage of a bit of a stop-hunt on a whole time frame around here So I've kind of got again fortunate. None of us know which one's gonna work out, etc But the point being is that I can now have the confidence to hold this trade Yeah to hold this trade to the highs now Why would I hold this trade rather than you know taking profit at a two-to-one or three-to-one? Yeah, why would I have not taken that that trade because fundamentally I Believe and what happens typically in a risk-off scenario, which we're in at the moment. Yeah with the coronavirus etc Goal of gold and silver should typically Go higher. So when it was going lower and you know, we saw this what was my thought was my thought to chase price No It was really just look for buying opportunities because price is not always a reflection of value and value isn't always not a reflection of price Yeah, so when prices go lower into certain zones or areas and I have a fundamental view I might lose a couple of times one two three times four times, but When you're getting potential 13 14 15 to 1s 20 to 135 to one type trades and I'm going to be holding this for the I'll be swing trading this for the for the For the foreseeable future until possibly, you know, there's obviously the coronavirus fingers crossed it does Subside etc But if the coronavirus starts to get worse around the world, then I'm just going to keep holding Yeah, so the point is is that I can keep holding a trade Yeah, I can keep holding a trade rather than taking, you know, 70 80 pounds 100 pound 200 pound whatever it is Yeah, I can hold the trade for longer because I understand The fundamentals behind why something is undervalued. Yeah, that's and that's all we're doing Yeah, as supply and demand traders we have to be, you know, choosy about what trades and what levels we we take Yeah, and understand where the value is Yeah, or potentially is Are we going to get it right all the time? No, of course not but I don't mind entering a level a couple of times losing there But understanding that down here I can get 7 8 9 10 to ones 12 to ones You know and that covers those losses and that's all we're trying to do is pick a direction Is that A level Does the market agree with us that at its value? Yes or no? No brilliant. Okay, cool. We look for the next level No, okay, cool We look for the next level and if it is then we just hot then then then we you know We try to ride it for as for as far as we can that's all we're doing as traders And I know it's not easy It's seems like a very very simple concept and as you know, it's not easy because psychologically It's not easy. Um, you know time wise and patience and discipline wise. It's not easy. Yeah, but this is What we do simply in in simple terms Is what we're doing the strategies are the strategies we can learn those etc But fundamentals sentiment Value Yeah, where are we with price? It's price going, you know in the opposite direction brilliant Because that allows us to buy for cheap because when the market Realizes, you know always here when the market realizes or when we're right and the market agrees with us that this is a bargain price Then what do you think's gonna happen? Everyone's gonna start to pile in and you're gonna get those big moves So again looking at gold. I didn't get in this. I didn't get in gold But um, I know a few people did get in gold down here. I think um, I don't know if chris or uh, Or mark whack or hack him etc. You guys got involved down here. This is where we were looking at And look at what happened Yeah, look at what happened. So you so whoever held yeah, whoever understood that gold is a safe haven asset Yeah, and got in around here I think it was yeah, we were looking at gold around here Yeah, that was it. There it was. I think there was the uh Price A trade is going on So I know for a fact if you guys have held this Yeah, from a risk reward perspective that was the setup right there entry there would have been The risk would have been maybe 13 And you're looking at at least you know 15 to one type trade 14 to one type trades 13 to one type trade at the moment so And that was understanding what the value And what typically happens in a risk off scenario while other traders were, you know Probably out and chasing price You might have lost at certain levels here. You might have lost there But if you maybe Regardless of how many trades you took yeah three four five trades All you got to do is be right once but also hold the trade And all those make your two three four losses And nothing in comparison now You're holding the trade taking bits off and uh just accumulating there you go. That's it So that's why a risk reward is king win rates. Don't mean Don't really don't mean a thing if you know, I mean, it's not it's only it only you know Makes you feel good if you know, I mean in the short term, but long term All we're doing is is understanding value guys. Yeah, so What's this video over and over again when you're reminded of you know, you're going through You know, maybe a level doesn't work out or a couple of levels don't work out for you Just be reminded of this. This is what it is. None of us know Nobody knows nobody knows which level is going to work We just play the probabilities and then once we're in we hold the trade If it still agrees with our fundamental Bias and sentiment can also drive prices sentiment can also be in our direction as well All right guys take care and I will speak to you soon So if what I'm saying resonates with you, why not check out trading 180.com? There is a selection process to trade my supply and demand zone for X strategy I'm only looking to work with Individuals with the right mindset, you know, who are hard working as well. So Check that out And access really for less than one pound a day this some of the strategies in here are not for beginners So if you don't know what supply and demand is, please check out all of my supply and demand videos I have hundreds of videos on youtube. So you can check that out first Guys take care and until the next video. Have a good one