 afternoon guys afternoon hope you're all doing well I thought I would kind of analyze this chart as it's quite interesting for several reasons the first thing I wanted to kind of talk about is is just keep in mind guys I know we're waiting for you know trades to you know to set up and pullbacks but one of the things that you might want to do is try to trade around fair value now there's several and I think fair value at a bare minimum and so there's several different ways to kind of establish you know where fair value and bargain prices of course which is the best maybe on a price chart of course I'd you know our defaults really should be you know looking for bargains right but sometimes we don't get the bargains and you know price may come down to you know fair value now one of the ways to establish fair value is is by lower highs or lower highs and lower lows or higher lows and higher highs so what I mean by that is this is you've got you know a move higher lower and then higher right now we know instinctively yeah well we should know why by the training that this the move from from here to here right that that move up that breaks the previous high yeah or you know the lower high lower lows lower highs which is basically this lower highs lower lows right what that's telling us is that this move to the upside from here to here prices were such a bargain that prices move past the previous expensive area because this move to this this low to this high that was an expensive area it was proven because prices pulled back right then prices came up broke past the previous expensive area and it's made a new high right so when we're looking for a pull back now let's say yeah I'm looking for a pullback then this is the reason why we look for demand zones because demand zones you know our previous bargain prices yeah because like I said this was such a bargain that it made a new high broke past the previous expensive area if price pulls back to this previous you know area where prices went higher that's where you want to get involved into into a you know into a trade or the first trade now what you know and that's really where the auction is right the bargain is until we make you know potentially a new high so if you're looking at this now as an area where you can see prices come up and you know nobody knows whether prices will make new highs or not but we know that price this was the last previous expensive area now will this be expensive yeah will it will it not we don't know in the short term if over the long term we probably do know because we understand you know fundamental analysis and price should want to you know go higher right if you've got up you know forecast bank forecast etc so you know that's understanding bargains now understanding fair value you know between an expensive area if we know that to be an expensive area and is to be a bargain price yeah then 50% you know pullback between and a bargain price an expensive price is is fair is known as fair value right that is a fair value price between bargain price and expensive price and so you know one of the things that you want to do is just look towards trading around fair value and so you know I derive my value from looking at higher time frames like the daily right the daily is just you know the standard to understand where I am from a fair value perspective and so again one of the ways we look at and establish fair values is trying to establish a higher low and a higher high seeing where prices are so again this is made high lows higher highs right so you've got you know move higher pulled back and then it's made a new you know bullish candle high right there so this area here would be the you know the the start of the the bargain because price is made a new high from this previous high right that previous idea and so let me zoom in now when we're looking at fair value or intraday trades try to trade around range or clear range auction at least fair value yeah because ultimately you know that's what we're looking at doing so let me zoom in now to like the hourly you know we have established at least what's potentially a stop hunt setup you can see where the auction is but also it coincides and then we go back out to the daily again also this coincides with basically just delete this yeah we can get just a simple fib tool I call it the value range tool but grab a fib tool put 50 percent you know 50 percent 100 percent and obviously zero and then you can drag it up to the top and you can see where fair value is fair value is going to be the you know the line between the middle right between that high and that low and so that's where you start to see now that if I'm trading an intraday setup for example you know a stop hunt potential setup here which looks very nice then you you know you can at least have the confidence that you're buying at a decent valuation because you don't want to buy at highs right you don't ever want to buy around here you know I mean because again there's reasons for this you know liquidity first of all you don't want to buy you just don't want to be a buyer at highs and lows but you're leaving yourself exposed to you know you know traders who were bought down here and now are taking profit up here and you're just waiting for you know a bit more valuation to to to to rebuy right so you know first things first is just understanding that this is the first or one of the ways to establish trading at fair value and ignoring trade setups that are above fair value right so fair value is almost like your your your you know your your baseline right the second way is looking at moving fair value and you know you know which is basically moving averages now you know moving average doesn't mean a lot to you know probably 99.9% of people other than you know buying you know crosses and pullbacks and acting and acting as dynamic support or resistance right so when prices cross above then you know you tend to get you know a bounce off it right so we see one here right where prices came down bounced off of the you know monthly moving fair value now again if you know this is obviously another way of of establishing fair value now for example we had the the what was it the Euro Swiss right Euro Swiss and I was saying that on a higher time frame in a daily time frame that I think there was like a potential stop hunt setup that that may have set up around the highest so let's remember I think it was Ken it posted it there was a potential for this to be a you know a stop hunt so let me just get this which again is is is fine but because you know we do have moving fair value you know below us also as well we have a bit of an unfair auction below us as well which is you know being partially completed but from a fair value perspective I'm not you know personally trading around this area as we haven't got the monthly you know moving fair value and and also as well if we take you know the move from the low yeah so the move started from this low to this high yeah we've only now established at least some sort of you know fair value from a you know an auctioning perspective so now is the time that you can start to look towards you know intraday setups even if you don't see any you know supply or demand zones any demand zones here at least if prices now start to do something you know where it sets up you know produces some sort of stop hunt or CPR in and around this area at least you know from a daily perspective you was buying at fair value now again it's fair value the best price to to trade out of course or to buy it of course not it's you know you're just saying that it's an okay price but yeah that's where you want to try to avoid higher timeframe you know because this is expensive and wait for that because prices will always pull back always always always always pull back to some sort of established fair value and so yeah as I was saying you know that in the in the picture that I posted in the group price is still quite expensive and it was really when really had it here at the setup and it says it still has not reached a monthly moving fair value if you're taking setups try to take either them even from around moving fair values are like streams just to have an idea of currency valuation but also as well at least should added in their auction you know lower highs lower lows higher lows higher highs and obvious ones on the daily yeah so again establishing the higher low higher high on the daily looking at a decent pullback yeah and obvious higher high highs as well and establishing you know fair value on that first or one of you know those fair value you know markers before looking at then going down into you know an intraday timeframe and it's trying to establish you know any kind of intraday setups whether they be the CPR or the or the order stop hunt yeah and even them even certain demand zones you know might not be great because if you do have actually I won't get into that now but just understand that you just don't want to trade a heist yeah no trading that heist so yep so first marker then is the is the auction the range low high or high low establishing first then looking for a pullback to 50% of that or and looking at if you want to you know combine it with monthly moving fair values you know you can have that in conjunction with the range or it's just one or the other right either or but normally when you have especially when you have the monthly moving fair value then you should have at least the auction fair value so so yeah guys just keep that in mind when you're looking at intraday trades