 So it's just more fundamental confluences from the smart money, right? This is the smart money concepts. Anyone who's talked about smart money concepts and doesn't talk about fundamental analysis, how can you be smart and you're not talking about fundamental analysis? That's no slight to anyone who's done trade technical analysis, but this is the smart money. Derek Halpenny, head of research at Global Markets, MUFG, is not talking about technical analysis. He's talking about the reasons why they're getting long and short based off of real smart money concepts, which is GDP, interest rates, inflation, risk off and risk on. Just basically what's going on this week. Just some reminders. I know there's a lot of new guys that have obviously joined. So I'm going to have to obviously go over some old or something old, but it's a negative thing. But just after I repeat myself when it comes to I guess getting you guys up to speed with fundamentals, et cetera. And also what's going on this week and some technical analysis. So hopefully this won't be too long, maybe an hour to two hours. Anyways, a question was basically I had two questions that were pretty much phrased in the same way. And I think this was Rishi said from last week, you focus on fundamental analysis, but he's bothered as to one second. Yeah, but bothered with lots of article news between which one is useful and which one is not. And then also I had a question that says have no, where is it? Sorry, I was supposed to put it together. Have I copied the same two things? I think I have. No, the other question was, apologies, guys. The other question was the questions for group call, which was this one, which is no, it's one. Sorry. There's a lot of information sources to potentially look at what is my personal routine, right? So Rishi's asking, you know, that he's pretty much confused and maybe a bit overwhelmed with everything that's going on with when it comes to fundamental analysis. And the second question was pretty much the same thing. What is my routine? So in order to not get overwhelmed and to, I guess, get myself into the routine, what I do is basically what I show you in the weekend analysis video. So who's not watched the fundamental analysis video? And I mean, maybe some of you may not have watched it, the new guys anyway. But in the trading channels video, yeah, in the trading channels video, if you go here, I pretty much post video analysis in here. And on the 2nd of April, I've posted the weekly fundamental analysis video. So this is pretty much my process. So what I do is I look at the fundamental analysis spreadsheet. I look at it from a macro perspective and I say, okay, what's the general theme or themes of the market? I'll be more in a risk-on environment. I'll be more in the risk-off environment. Then I will break that down a little bit. So then is it local or global? Who's being affected? If we're in a risk-off environment, who's the most affected by that risk-off environment, right? So let me just kind of break this down. So first things first is where is my pen tool? Do it in this color, do it in a white color, right? So are we in risk-off, right? Or risk-on, or risk-on, risk-off, right? Which one are we in? And then if we're in more of a risk-on or risk-off scenario, meaning that it's a scale, yeah, this being the most extreme, for example, that might be the most extreme off. This might be the most extreme on. Where are we subjectively on that scale? Now, I know from, you know, we've got lots of risk-off going on. We're definitely in this half, it's supposed to be an hour, sorry, of the risk-off half because we've got various different risk-off events, right? We've got, you know, Russia and Ukraine, you've got high inflation, for example, you've got China potential economic slowdown coming in in coronavirus. So we're definitely in this half, but then it's not just, you know, I guess the devil is in the detail. You can't just say, all right, risk-off, all right, we're just going to start buying the yen and buying the Swiss franc and sending everything else. There are nuances to just buying, you know, risk-on and risk-off. So who is the most affected by risk-on and risk-off? Because not every single risk-on and risk-off event should be treated the same. So some countries actually benefit from risk-off, right? And typically we know that the yen does, but in this scenario, and currently as we're going through our risk-off events, global and local, it looks like the commodity currencies are doing really well, Canadian dollar, Australian dollar and the New Zealand dollar, right, and even the US dollar as such. So I'm just basically doing a top-down analysis. Then I'm going into the details, what currencies are one, you know, twos and threes versus, you know, six, sevens and eights. Why do I want to be a buyer of one, two or three, or do I actually want to be a seller of, you know, one, two or three, right? Because on the cycle, you know, if you're looking at the currency cycle, there will be times where, you know, a currency that is, you know, strong may become weak and a currency that is weak, potentially, may become stronger or appreciate, right? So you have to just justify and validate the numbers. And then from there, I'm looking at the bank analysis, right? So the bank analysis really solidifies, and I'm choosing my pairs. Sorry, let me go back. I'm choosing my pairs from the fundamental analysis spreadsheet. And then the bank analysis is really what you want to, you know, focus on in regards to it gives validation to whatever ideas you've come up with and pairs that you want to trade based off of your knowledge of the fundamental analysis spreadsheet, right? So that would be Citibank, Mizzouho, MUFG, RBC, for example, you know, we've got a list of bank analysis to read through. And there is a lot to read through to be fair. You don't have to necessarily read through everything. But if you have, if you're kind of time limited, then I would say, look at forecasts, right? Forecasts will tell you pretty much the direction of travel. Yeah. Whether they're, you know, generally long or short. So if you don't, if you can't read, if you haven't got time to read, you know, the details and maybe the exact reasons why, which I always advise, but if you can't, if you're time poor in that sense, then forecasts will be, you know, the confluence. This is like the ultimate confluence to your trading idea. And then from there, it's just a case of looking at news, right? Looking at news if you want to. So it's just keeping your finger on the pulse, Bloomberg's, you know, the INGs and the articles that I post in the channels, in like, for example, the Yen channel, the country's channels, right? So everything I post in here, right? Is the news supportive of that, you know, we're posting every day or every week supportive of that trade idea, right? So we're looking for, I'm looking for quotes, specifically quotes, if I can, you know, especially from sites like Pound, Sterling Live, you know, and Bloomberg, et cetera, which support, which continue to support my trade idea. Yeah. So it's just more fundamental confluences from the smart money, right? This is the smart money concepts. Anyone who talks about smart money concepts and doesn't talk about fundamental analysis, how can you be smart and you're not talking about fundamental analysis? That's no slight to anyone who's done trade technical analysis. But this is the smart money. This is the smart money, you know, Derek Halpenny, head of research at global markets, MMFG is not talking about technical analysis. He's talking about the reasons why they're getting long and short, you know, based off of real smart money concepts, which is GDP, interest rates, inflation, you know, risk off and risk on, right? So and that's really, that is literally what I do, you know, day in, day out, week in, week out. And I guess when you start doing this stuff, when you, when you really start off doing it, it can be overwhelming, by the way, guys. It can be overwhelming, right? So you will find or you can find that, you know, with everything there's a learning curve, you know, there is a, it can be a steep learning curve because the information, there's a lot of information to, to kind of go through, right? It's like, where do I start? What do I do? But I have numbered the course and I guess the channels in order for you to kind of follow, right? The channels are in, you know, in order for a reason. So if you just follow the channels, even if you're starting off with the fundamentals on, you know, channel 20, for example, you start off on 20, watch the two webinars, then go to 21, then go to 22, then go to 23 and complete the actual test. Do you know what I mean? So it's, it's, it's all in order. Don't try not to skip anything and just work your way down. But another thing I wanted to talk about as well, just quickly talking about new. One second, I'm going to mute you guys and mics. Welcome, Spank. Welcome. Who is it as well? We came in, Justin. Welcome, Justin. One of the things that you want to do as well, because I guess it ties into, you know, being overwhelmed with news, right? Now, one of the, I guess, one of the sites that is one of my favorites is Bloomberg, right? If it's not on Bloomberg, then it's probably not worth even considering in a sense of, I'm not saying that maybe that's wrong of me to say, but not to say that Bloomberg isn't the be all and end all because there's many different news sources, right? But generally, if it's, if it's really important, Bloomberg will pick up on it. Yeah. And if you, if you notice, I only really go to like three main sites, right? Which is about four main sites, which is the Guardian blog for basically day-to-day stuff, Bloomberg, Poundstirling and, and ING, right? Lots of news here, day in, day out. Absolutely wishy-wishy, but it's, it's focusing on what's the most important. And to us, the most important things, again, I always always say this, all roads lead to what? GDP, interest rates, inflation, and of course, unemployment, right? This is what we should be focusing on. And so when I'm looking at news, right? When I'm looking at news and I'm going to some, something like Bloomberg, right? And I'm going to the economics tab. What am I, what are my eyes tuning into? What am I focusing in, focusing in on? And it's anything to do with, again, monetary policy, GDP, interest rates, unemployment, any, you know, bank speeches, that's what I'm focusing on, right? I'm not looking at, you know, again, you could look at politics and Ukraine update because that's more risk sentiment, etc. But am I looking at ruble races, evasion loss, even as the full risk, I'm not trading the ruble, right? And if I, even if I was, and I'm concerned about risk, then I would just go into something like gold or silver, right? That's pretty much what we do. So I'm just trying to focus in on the main thing. So I'm not looking at, you know, German factory orders fall as economy faces, Ukraine war fallout, right? So you've got the keyword, you've got economy there. So I can read in their headlines, I'm already, I already want to be short on the euro, because I've already done my, oh, do you know what? That's, that's escaped me. Just looked at that. See, interest rate hikes, right? So we've got IMF urges Switzerland to consider interest rate hikes. So that's interesting right there. So that could be a potential shift in direct shift in, you know, monetary policy, right? So there we are. That's something I'm going to, you know, read a bit later, or post in the group a bit later. I will, I already want to be short in on the, on the euro, right? I was already short on the euro taking profit earlier today on that euro dollar. But because I'm still short on the euro, or my bias is still short on the euro, German factory orders fall as economy faces, Ukraine war fallout. So I could go into that and read the details, or I could just take their headline for what it is as far as it's pretty much negative, or, you know, business as usual, it supports my trade idea, right? So I'm just literally scanning through the headlines to see what makes sense to my trade ideas and the trades that I'm in, right? So if I'm talking, if I'm thinking about risk off, obviously, you know, China COVID outbreak, it's spending more damage to come. So that's something to be aware of as well, because that's, you know, China economics. And again, if you don't trade a Chinese one, but from a risk off sentiment perspective, that could be something coming down the pipeline, right? And that's all I'm doing. I'm just literally looking through the headlines, and then trying to, I guess, really focus in on the ones that are directly correlated to my trade. And there's going to be lots of things. And this does take time to do. It's not a skill that you can just get just like that. It comes with experience, right? So the more you do and the more you read, you actually learn, it's like speed reading, right? You know, the more you do it and the more you practice it, is the better you become. So it's just a case of understanding, you're going to have to read a few articles, you're going to have to pick, you know, sense from nonsense, as my dad always says, you know, basically, you might read some articles that might be like, that was a waste of time. But you had to read it to know that it was a waste of time so that you know what to potentially look for, not look for in the future. So