 Hi everyone. Hi. Just give me a sec. Hi everyone. We're just waiting for the rest to join. Let me share the forex screen. Okay, cool. Can you guys let me know in the chat box if you can hear me and if you can see my screen clearly. The screen should say the ultimate forex trading masterclass tick mail 2023. Hi Shirish. Hi Farhan. Hi. You guys can reply me in both. Hi Arian. Hi Kaster. Hi Johan. Okay, you guys can reply me either in the Q&A box or the chat box. I can see both of it. Okay. In the meantime, hi Yunos. Hi everyone. Can you guys let me know. Hi Sam. Hey you guys. Hi Rolando. I almost said Rolando. I'm so sorry. Can you guys let me know in the chat box where you guys are from because some of your names here are new to me. I know some of you are from Singapore, some of you are from Asia, some of you from Philippines, South Africa, UAE. The last time I had Australia, Germany. Oh yeah, South Africa. The rest of you Bangladesh. Hi. Are you guys new to this webinar because I don't remember your names. I do this for you guys every week. I think some of your names are still a bit familiar. I'm not familiar with some of your names. Nice. Yes. Okay, that makes sense. Okay, so Sherry, she's new here. Johan is new here. The rest of you. I do see some familiar names of course. Joe Ash, Muhammad, Richard, SK Wu, I definitely seen your name here before. The rest of you definitely knew. Okay. Cool. So in the meantime, we'll just wait for the rest to join. I still see the attendance list moving. Hi Derek from Singapore, new to this. We're going to start in like a minute because I still see the attendance list moving. Right, so that I don't want to start without like, I want majority of you to have joined. Okay, cool. I think most of you would have joined and settled in because I don't see the attendance is moving anymore. Okay, everyone. Welcome to today's webinar brought to you by Tick Mill. We're doing an ultimate forex trading masterclass this for the year 2023 we've been doing this for a while for you guys now and obviously I think a lot of you do enjoy this because I do see a lot of regular join us. So you guys every Mondays for now. If you want higher frequency can always ask Tick Mill to increase the frequency but for now it's just once a week. So just a disclaimer before we start anything. Anything I share if you guys in this webinar should not be construed as trading advice or financial advice or any kind of like investment advice okay please take this as educational. This is an educational webinar. Okay, just a risk warning trading CF these and forex or CF these especially if you are using leverage is very, very, very risky. Okay, so please, please do be careful. Okay, whether you are new to trading or you have been trading for a long time. This can affect anyone. Okay, so I also know people have been trading for a long, long time there. They just suddenly just stop being profitable. And it is risky so risk to reward applies to everyone whether you are new to trading. Okay, so please be careful. Okay, today's session will be a live trading session basically we're going to go into the charts. I'm going to go into about that a little bit more let me introduce myself first my name is Cassandra, you guys can call me cast I am based in Singapore. Okay. I am an analyst financial analyst, investment analyst and a prop trader here at Everest fortune group. Okay, for those who don't know about us. Basically what we do is a lot of research and back testing okay so we're the best finalist for the best for equity research for 2019 2020 and 2021. 2022 is not out yet that's why we haven't posted here but yes, we basically specialize in research and forecasting where the markets are going and then with this information we usually advise banks brokerages hedge funds financial institutions and you guys on this webinar, where, where we think the markets are moving okay so other than that I am a full time prop trader. I trade for a few problems for those who don't know how this prop trading works is that you first need to take a test before you can even get funded. Okay, you take a test in that test. Sorry, couple of tests. Okay, you pass this couple of tests and then you'll get funded to pass this test. It's not that easy the passing rate is less than 2% if I'm not mistaken it's only 1.5% passing rate. So I pass this test multiple multiple times already and I've funded multiple times already. Okay, so how I did this is by using technical analysis. Therefore, if you guys do have any questions regarding technical analysis, please ask me in the chat box because the whole point of take me doing this webinar for you guys right is that we want to put you guys first we want to help you grow in your training so if you're not asking the questions, like, you're not asking because you're shy or you think it's a silly question, then I cannot really help you in your week areas. Okay, but only please only ask me in technical analysis because I only specialize in technical analysis. If you ask me fundamental analysis which is like company data and company profits and the economy and all that I cannot really help you I don't really specialize in that. So please just ask me technical analysis and I will try to help you the best of my ability. Okay, and another reminder, I do remind you guys this every week, because every week we are one week closer. I am only currently pregnant. So I'm only going to do this webinar with you guys for like maybe two or three moments. Therefore, if you really want to pick my brain you got the next two three moments to ask me whatever questions you want to ask me about. I've got a question coming in already which is good. I like my questions are coming in that means you guys are asking and we can all grow together. Okay, so I've only got two to three moments with you guys before I go on. I become full time mom. Okay. Yes, and because of trading, I am allowed to be a full time mom because trading has enabled me certain lifestyles that I think that a lot of people are not allowed to have. Okay, so this is a very good skill to learn. Okay, this is a very good skill to learn. So I've got two to three moments with you guys please ask me as much question as you can in the next two to three moments because every trader have a different style of trading. Maybe my style of trading may help you elevate to the next level in trading, because after this will be a different speaker already and will be a different style of trading. Okay, so that's that. So what have you been training? I've been training for about, I would say, five years. Okay, the first three years I was not profitable. Okay, only the last two years I became profitable. I think closer to COVID time when I told myself, okay, enough is enough. I really need to like, I really need to see what I'm doing wrong and then I need to like change my ways and my methods and then I started becoming very profitable. Okay, so one thing that really helped me was actually trading psychology and risk to reward management. Okay, so that's one. Hexenra, do you have any indication? Only pure price action trading. I don't do pure price action trading. I use a lot of technical analysis, so I use a lot of indicators. Okay, not a lot but four of it. I'll go into detail in a bit. Okay, we're going to move on. The indicators that I usually use are Ichimoku, RSI, Stochastics, DMI, sometimes Bollinger Band, don't really use that. I feel like it's a very basic and generic indicator. Sometimes the Doncheng Channel, sometimes moving average. Okay, but my go to is definitely RSI, Stochastics, Ichimoku, and DMI. Okay, so agenda for today. We are going to do three pairs. The first pair usually we do is, okay, the aim is to do three pairs, okay, but because today there's so many new joiners here. I don't know if you guys are new to trading or you've been trading for a long time, but for the sake of the new people here, I will go slow. So if I'm going slow, there's a chance that I might only cover two pairs today rather than three. Okay, so the three pairs I usually cover is number one commodities. For commodity, I always choose XAUUSD. Yep, we definitely have new people here. Okay, so Sam is new in trading. HLU is also new and eager to learn. So please go slow. So yes, I will go slow for the benefit of everyone. Okay, so the first one I will go is gold, which is XAUUSD. Commodities, there's a lot, there's like oil, there's other things as well, but I always go gold-wide because I specialize in gold. So I am a gold trader. And all my trades are gold. Okay, second one, I'll do one cryptocurrency. So cryptocurrency we can do Ethereum. Why? Because I also specialize in Ethereum. I don't trade Ethereum, but I charge Ethereum a lot. Why? Because I buy and hold Ethereum. Okay, so I am a position trader when it comes to Ethereum. So therefore, we always go for a gold and an Ethereum. If you guys want Bitcoin, you can request in the chat box. Of course, I will just go with the flow. Majority wins, obviously. And the third one will be Forex. If we have time, we can get Forex. So Forex can be anything. This is, I leave it up to you guys. If you guys want GBP, USD, USD, CAD, USD, JPY, or you want a non-USD pair or AUD, JPY, AUD, GBP, whatever it is, you guys just request in the chat box. If we have time, we go through it. If we don't have time, then so we find because the whole point today is to focus on technical analysis and finding a trade. Okay, so we will be focusing on technical analysis and then we'll be looking for a setup. So using technical analysis, I will show you on a daily basis how I managed to find my trades. Okay. Okay, cool. That's all folks. Any questions regarding this? Do not hesitate to just ask me. Okay. In the meantime, I'm going to exit and we are going to go straight into trading view. Okay, cool. Sorry, I always have to check because there are times where I talk for 15 minutes and nobody bothers to tell me that my screen is black. So I've learned to check from now on. So can you guys see my background? I should be on takemail.com. Can you guys see takemail.com? Okay, cool. Thank you, Johan. What time frames do you mostly trade on? I mostly trade on four hours. That is my go-to. Okay, thank you, Samuel. Okay, cool. I'm going to go. Okay, so before we even go into the live trading part, I want to introduce something to you guys. It's called the Takemail Traders Club. This is for people who are like super into trading as long as you, thank you, Rolando. As long as you have a live account with Takemail, you are able to join this Takemail Traders Club for free. Okay, so how do you join Takemail Traders Club? You just go to takemail.com, you go to takemail to slash trader club, and then there's all the information here. This Takemail Trader Club is super, super cool. This is what it will look like once you have an account. Okay, this is what the Traders Club look like. You go in, you, I can't see your screen. Okay, so I've got three people telling me my screen is okay and then Sherish can't see my screen. So is this just Sherish or is this everyone? Can we do analysis on nested? Yes, we can. Then I'll just skip, maybe I'll skip Ethereum for today. Zoom is okay. Okay, Sherish, I think it's okay. Now you can see. Okay, cool. So this is the TickMill Traders Club. What you do is you go to tradersclub.tickmail.com slash app. Okay, then you create an account with, as long as you have a live trading account with TickMill, you are allowed to create this account for free. Once you create this account, you have access to very cool stuff. So on a daily basis, our analysts and our traders will update. So goal news. So we'll update on goal news. We'll update on oil news. On USD news, EUR news. Okay, this will help you on top of that. We will also do analysis on each particular pair or anything. Okay, so USDJPY for example. Okay, USDJPY for example. Okay, you can view analysis. It's loading. I don't know, is it because I have too many things running in the background is usually very soon. Hi, Jermilu, nice seeing you here. Zoom is okay. Cool. Writing is too small. I can't go any bigger though, to be honest. This is the fullest screen. This is the biggest screen. I don't know how to increase. If I zoom in, actually I don't even know how to zoom in. Okay, anyways, you guys try it out on your own. It's still loading. So once you create an account, you have access to all the traders analysis. They'll tell you, if price breaks the support here, you can see price drop down. Okay, so I'm gonna get rid of that. When you guys are free, you guys can go and sign up an account and then you can explore the place. Hello, I'm just joining. Hi, hello, hello. Hi everyone who just joined. Okay, I see attendance is like much higher than last week. Okay, I am currently on trading view right now. Okay, I am currently on trading view. I am going to start with Excel, USD and then we're gonna do an analysis. Okay, it looks like Excel, USD is still moving sideways. Okay, the last time I took you guys, I don't know the last time I took you guys, if Excel, USD was still moving sideways or not. But I've been noticing Excel, USD since last week and it has been moving sideways. Sideways market means that unfortunately, you just have to sit around and wait. Okay, until price makes a decision. Okay, so whenever I see a site makes market, the first thing I wanna do is highlight a few things. Okay, I am gonna highlight that price is moving in this triangle. Okay, it's not very obvious on the daily timeframe, obviously. Okay, if we go down to the four hours, I'm gonna go down to the four hours and I'm gonna show you that price is moving in a triangle. Okay, so whenever you spot that price is moving in a triangle, the problem is that it means that price is doing kind of like a consolidation within this triangle. Okay, and usually the rule for a triangle is that it usually reaches one third of the triangle. Okay, the first one third, the front part of a triangle when it reaches the front part, it will either decide whether it wants to break up or it wants to break down off the triangle. Okay, good morning. I have, I was having trouble with the audio no full of yours, can I get the recording please? Okay, you guys have to help me out in the chat box. Do you guys know where this recording goes to? Does it go to YouTube? Because, sorry, I know this is being recorded because every time I start the webinar, it says recording in progress, okay? But I'm just not very sure where it's going to afterwards. If I'm not mistaken, it goes to TickMills YouTube page. If you can't find it there truly, the other option you have is to email TickMills and ask them for the recording. Because yeah, that's a totally different, someone else handles the recording. After this webinar, someone else takes over and handles the recording. So if anyone knows, if you've seen this on TickMills YouTube before, let me know. If not, then please email, get in touch with TickMills customer service or they'll help us or whatever and they will help you. Okay, thank you, Norm Haris. Okay, cool. So with Go, it usually consolidates within a triangle until it reaches the one third part of the triangle and then it wants to decide whether it wants to break up or break up or break down. Unfortunately, we just so happened to be, we're just so happened to be catching price in the triangle. I don't like triangles, why? Because that means that there's no trade, okay? You cannot go in for a buy or sell until it breaks a triangle, okay? At least that is my rule. There's many, many sales of trading, but my style of trading is that I don't trade until it breaks a triangle because the break of the triangle is confirmation to me that price is either going up or down, okay? It is confirmation to me that price is either going up or down. So at this current point of time, I would say goal is still deciding whether it wants to go up or down. Honestly, if you ask me, give me a sec. Okay, cool. I think most likely it's gonna break up but I cannot confirm until it actually breaks up, okay? So my bias is that it's gonna break up but again, we do not enter triangle trades or I do not enter triangle trades until it happens. Hi, I'm from Malaysia. We can't get welcome bonus. Can't arrange to go. Can't arrange welcome. Hey, Ani Sur or Rahman, think you're having problems with your welcome bonus. So you can get in touch with TickMail as well. So please just email them. Maybe we can come and get the email together. Let's go get the email together so in case you guys have problems. Okay, I'm sure they have like contact us about us. Yeah, just go to about us and you will see support contact us and then you can just let them know the issues that you're facing. Oh, thank you Paul. Okay, so Paul just sent me the, I'm gonna type this in the chat box. So Trudy, Paul just sent me a link. Okay, so here it is. You can just let TickMail know whatever issues you guys are having. Sorry, cannot really help you. My job is to do this webinar for you guys one hour a week. Other than that, I don't really know all the other technical stuff of TickMail, right? Because TickMail invited us to do this webinar for you guys. But yes, definitely get in touch with TickMail if you are having problems. Okay, cool. Okay, so thank you Paul for sending me the YouTube link. I've dropped the YouTube link for Trudy. The recording should be in the YouTube link. Okay, other than that, I don't think there's much for goal. I do have a request by Raphael. Okay, from NASDAQ. Okay, Raphael, let me tell you something. I can do the analysis for NASDAQ for you. Okay, we can all do that. I can look at NASDAQ, right? But you need to remember NASDAQ is an index. Okay, so NASDAQ is the hundred, it is the hundred top tech companies in the US. Okay, one thing about that index that I do not like, it's that it is very, it can be affected by news. Okay, so fundamental analysis. Can we have the link for this webinar? I think I posted the link as in the YouTube link. I posted the link for the recording, where they're gonna post the recording. So I don't know if you guys can see Paul shared it with me and I'm sharing it with you guys. I think Paul shared in the Q&A chat so you guys can't really see, but I'm sharing it in the chat box. This is for everyone's benefit. Let me know if you guys can see it or not. Okay, so one thing about NASDAQ or index I don't like is because it's based on companies, right? So companies, there's a lot of other factors. Okay, I don't know, yeah. Do you mean the techno YouTube link? Yeah, I just shared the techno YouTube link. Okay, one thing about companies that I don't like is that it is fundamentally affected. So fundamental analysis do play a part because it is hundred of the top tech companies. You know, when companies are involved, there's other things involved like company profits and like profit sharing and blah, blah, blah. There are stocks and all that thing. Okay, there's a lot of like financial stuff and economic stuff behind analyzing fundamental analysis. Therefore, because I specialize in technical analysis, I usually stick with charts that are heavy on technical analysis. So charts are heavy. Are you really things like forex? Things like cryptocurrency, things like goal. I would say goal is very technical analysis heavy. Okay, but other than that, because you already requested, I'm still gonna do the analysis for you. Just remember after I do this analysis for you, please take note that NASDAQ also is very affected by fundamental analysis. So also take note of fundamental analysis, not just technical analysis. Okay, so before I ever do an analysis, I always try to find trends. So in this case, I do see price moving in an uptrend parallel channel. Thanks, Jermilu. I'll look at those in a while. So after this, we can look at Jermilu requested for USDJPY and GDPUSD. Okay, so we're gonna look at those pairs in a while. In the meantime, let's just quickly do an analysis for NASDAQ, okay? Because we only have half an hour left, I can do 10 minutes per chart. Okay, for those who are new and want me to go slow, this, we're going very slow already. Okay, so why I think it's on an uptrend because it's making higher highs. This is a very generic and simple rule, although the channel didn't fit very well just now. Okay, generic, simple rule is that price is making higher highs. Okay, so therefore, we expect price to continue making higher highs and we expect price to continue moving up. So a channel, why this was not valid is because the channel requires two touches at the bottom, which is the support and two touches at the top. Okay, but in this case, there's only two touches at the bottom and one touch at the top, but this part didn't really touch, so we cannot really consider this a valid channel. Therefore, we're not gonna use this as a guideline or a reference to making our decisions in the chart. Okay, so let me just get rid of this. Okay, so the first thing first, I'm gonna go through it you. You need to make sure, okay, this is my trading style. Okay, there's hundreds of trading styles out there. I'm only sharing my trading style with you guys. Okay, so the first thing that I want to do when I'm trading is number one, look for trend. So you need to answer a few questions and then you can make some profits in trading. If you can successfully answer these questions in the most accurate possible way accurately, as accurately as you can, you are going to get some profits in trading. The first question you wanna ask is price going up or down? We have established that price is going up, right? We have established that price is going up. Okay, number two, you wanna ask yourself, if price is going up, that means I'm going in for a buy, right? Because if price is going up, that means the momentum is pushing it up and therefore I want to use the momentum to push me to my take profit area, okay? So therefore, if price is going up, I'm going in for a buy. If I am going in for a buy, my next question is where do I get in for the buy? Where do I get in for a buy? Where do I get out? And where is my stock loss? Okay, where do I get in for the buy? Where do I get out? When I'm in for the buy, where do I get out? And where is my stock loss? The stock loss meaning that if I am wrong, if my buy is wrong, turns out it was a sell after all, turns out that the momentum that I was seeing is not the correct momentum after all. Where do I get kicked out of this trade admitting that I am wrong? Okay, so these are three things you need to identify. So how do you identify entry stock loss take profit? You need to identify support and resistance, okay? Support and resistance is super easy to identify. You just need to identify swing high, swing low, closest to current price. This is current price right here. The last candle is current price. This is your swing high and this is your swing low. I think this chart is not moving. We should not be using this chart because this is not a live chart. I don't really trade nest deck. So can someone tell me which chart is a 24 hour chart for nest deck? Is there a particular chart that you use Raphael? Nest 100, thanks. Thanks, Johan. Okay, cool. This is a live chart. That one just now, it was not a live chart. Not a live chart meaning that when the market is closed, if it's not 9.30 p.m. New York time, the market is closed and the charts is not moving. So this is still moving. This is still moving whether or not the market is closed because requirement for your stop loss, yep, I'm getting there. Thank you, Shirish. Thank you, Johan. Okay, cool. Okay, so we've identified prices going up. Let's identify support and resistance. Got 30 minutes. I can do three charts, okay? After this nest deck, we're gonna look at Jamilu's request of USDJPY and GBPUSD. I guess today there's no exhale USD because price is consolidating in the triangle. There's no Ethereum because you guys already requested other stuff. Okay, so I'm gonna identify support resistance. Okay, this is the support that I've identified. Why am I using this support? Of all places, why am I using this support? Okay, number one, support resistance should always be below and above your current price, which is closest to your price. So that is your support. This is gonna be the resistance that I'm gonna use. I'm gonna change its name to resistance so that we don't get confused. I'm gonna change this to support. If you guys are new and you right click, does the breakout depend on the daily or the four-hour time frame on go? Four-hour because we spotted it on the four-hour. So we're gonna continue using the four-hours as the reference, okay? So I'm gonna use this as a support. Why? For those who are new, if you right click and you press template, it's not going to be there. Mine has support resistance because the last time when I did this, I put this, you can right click, put settings, for example, green line, okay? Oops, you right click, go to template, save as green line. The next time you right click and you go to your template, you will see green line in your saved template, okay? But in this case, if you don't have it, don't be confused because I know some of you after this, you're gonna try to do charting yourself and then you're gonna wonder why there were some things I was using that you can't seem to find access to, okay? So that's how you use it. I think we should, actually one of our webinars should definitely be learning, teaching you guys how to use trading view because for beginners, actually trading view is not that easy to use. Okay, so I identify that price is going up, I identify, I identified, I want to get in for a buy, I've identified my support, my resistant. So based on that rule that I was talking about, ideally I would expect price to pull back to this area and then we get in here for the buy, right? Okay, so ideally I want to identify support resistance and those support resistance are going to end up becoming my buy entry, my entry, my stop loss, my take profit. So in this case, just a very generic look, I'm not even combining this with other things yet, but I think most likely this is the buy entry for now, okay? I think price is gonna pull back to this area which is one, two, eight, nine, point two, and then from here you can enter a buy, a very nice buy to the next resistant area, okay? That ideally the plan for now, okay? But this is on a daily timeframe. The problem is if we are doing our analysis on a daily timeframe, by the time price gets to this support area, it's going to be maybe Friday, okay? Cause every candlestick that you see here represents one day because we're on the daily timeframe. We do not want such a long trade because I am a day trader, I think majority of you here are either day traders or scalpers, this is more for swing traders, okay? Swing traders, that means you don't really spend a lot of time on the charts, you come once in a while to look for a trade, okay? So therefore we are now going to go down to the smaller timeframe hoping to find a closer entry, take profit and stop loss, okay? Again, why did I choose this area as my support? I'm just gonna quickly explain for the benefit of those who are new here because I can see price came here one time, rejected this, came here two times, rejected it, came here three times, rejected it, came here four times, rejected it, Hannah came here the fifth time and rejected it, meaning that this support area is a key level. Every time price comes to this area, it is having a hard time breaking this area. Every time it comes here, it's like, oh, it looks like I'm having a hard time breaking area and therefore I have to turn back. Therefore the next time price comes to this area again, I expect price to have a hard time breaking it and turning back and therefore here you are going to enter for your buy, okay? That is ideally what we want to happen, okay? This is how you use technical analysis to pinpoint where you think price is going to reverse to. Okay, so I'm gonna go to the four hours timeframe to see if there's any closer entry, that means I'm looking for a closer support area, okay? Honestly, I don't see one, the only one is unfortunately this support area. Therefore this is the only area I'm gonna consider getting in for a buy. Yes, you can get in here for the buy right now because I mean some of you might be thinking if price is going up anyways, why can't I just get in here for the buy right now? Okay, this is one rule. I want you guys to digest and stay with you for as long as you are trading, okay? It doesn't have to be trading, it can be anything you do in life, okay? So other than trading, I'm also a business owner, I also do property investment, okay? So this is very important. Your profit depends on where you get in, okay? It applies to anything you are doing in life in terms of investment, okay? I'll give you an example. Let's say you are doing retail, you're selling a bag for example, you want to sell the bag for $100. So the thing that is important to you is your cost price. The lower your cost price, the more profit you make, right? That's very simple rule. It's the same as property. If you buy a property at $100,000, you sell it at $500,000, you make $400,000. But if you bought that property late, let's say you bought it when it was a peak of the market, you bought it at $400,000 and you sell it at $500,000, you only make $100,000. So your entry decides a lot on how much you win, okay? The win should be decided at entry. You should already be winning at entry. Therefore, I never get in, although I know prices, I am very confident that price is going up. Why do I not get in now for the buy? It's because I want price to pull back to a better price and then I get in here for the buy at the better price and then I make more profit, okay? This is one rule that should stick with you no matter if you're doing business, if you're doing property, if you're doing trading, whatever it is you are doing, your win, you should be winning at your entry, okay? So therefore we are going to wait for price to pull back to this area, wait for price to give us a signal or confirmation and then here we get in for the buy. What is the signal of a confirmation that we're waiting for? We are waiting for a reversal pattern candlestick. I won't have time to explain to you guys, just type in Google, okay? Reversal pattern candlestick, go to the image, download an image, okay? And then refer to the image. When you see a reversal pattern candlestick, that is the chart's way of telling you, hey, I am going to reverse now, okay? I'm having a hard time breaking this support area, breaking meaning I can't go any lower anymore, so therefore from here I have no choice but to reverse. When it reverse, you get in there for the buy, okay? So this is ideally the plan for now. The second thing I wanna do, I wanna pull out my indicators to confirm, to confirm my trade, okay? Before I do that, I want to use Fibonacci, not really loving this to be a plus. Okay, not really loving this, but let's try anyways. Okay, cool. But those who don't understand Fibonacci, I can't teach you this either today because it's a very heavy topic, okay? We will definitely have a webinar on Fibonacci, okay? But this is a very heavy topic, okay? The area that I think price is going to reverse from is this area, okay? This area that I highlighted, okay? Remember why? Because support resistance is never one price, okay? It is not one price. It is not one, two, eight, nine, three. It is always a zone, okay? Okay, so you choose that zone as your entry, somewhere along this zone, my forecast or expectation as price is going to reverse, therefore my entry is somewhere here. The lower your entry, the better, okay? Remember, winning should be when you get in. You should win when you get in. If you get in at a good price, you are already winning. Your chances of winning is already very high compared to people who got in at a bad price, okay? So take profit, so if right now, let's say right now price goes back, okay? Your take profit can be back at this swing high right here, okay? This can be a take profit, okay? Or this far one can be a take profit, okay? So this is more for swing traders. You have to take note that by the time price reaches this take profit up here, it could have taken days, maybe weeks to get here because we were looking at it on the daily timeframe, okay? So if you want it to be done and over and within a day or maybe two days max, your take profit should be here, okay? This is a day trader take profit, okay? If we want a scalping take profit, we need to go to the smaller timeframe, but today we're just gonna stick with four hours and then we're gonna go to the next chart after this, okay? So this is what I think is gonna happen. Our stop loss, because this zone, I expect price to reverse somewhere around this zone. I don't expect price to go anywhere below this zone. Therefore, I'm gonna put my stop loss right below this zone, okay? I am going to put my stop loss right below this zone. Is everyone still following? Do you guys need me to repeat anything? Don't worry, we don't have to look at three charts today. We can just look at two. The most importantly is you guys understand because look, we can look at 10 charts today, but if you don't understand what I'm doing, next time without the help of another trader, you will not be able to find profitable trades. The whole point about trading, right? The thing about trading is I need to let you know, it is a one-man game, okay? This is a solo game, this is not a team effort, okay? So if you want to be profitable in trading, you need to master this skill, okay? You need to master this skill on your own and you need to be able to digest the information that is being given to you, okay? So what was my money traps to hit the stop loss? I do agree with you, Nidal, they ask money trap, there will be traps where they hunt your stop loss. So honestly, until today, I have a hard time finding a solution to that. The only solution I can give you is that to use a wider stop loss, okay? To use a wider stop loss to avoid those traps, okay? But other than that, I usually put a healthy enough gap to avoid those smart money traps, okay? So like a healthy, you don't put your stop loss just like on top of the zone, like just under the zone. You give it a little bit of reading space and that reading space hopefully is enough for you to avoid the smart money trap, okay? Usually I find, okay, I'm not very sure about NASDAQ. Remember I was telling you guys I don't really trade NASDAQ. So I don't know the characteristics of NASDAQ on the back of my mind, okay? But for XAUUSD, I know usually five points is a good range for a stop loss. Where's my money direction? You can know where the smart money direction. Yeah, so Nidal is saying volume indicator helps. You can know where the smart money direction is. Okay, I totally get what you're saying. Okay, so when price gets here, and let's say you were already in the trade, to avoid getting stopped out or wicked out fake, like a fake out, okay? To avoid a fake out, you can use indicators such as the volume to see your chances of getting wicked out. So that will help you either you can move your stop loss or you can, I don't really recommend moving stop losses to be honest because once you decide where your stop loss is you decide your lock size, right? So that will give you a rough idea where price is going. Okay, so another thing that's super important to me is risk to reward. That's why I say I don't really recommend moving my stop loss once I'm already in a trade because risk to reward is a major part of me growing my account. So I became, I used to be not a profitable trader. I became very, very profitable after I started managing my risk to reward. Okay, so let's say we enter here at the best area possible. Okay, stop loss is here, take profit is here. This would be a 2.48 trade, okay? 1 to 2.48, 1 to 2.48 means if you have a $100,000 account, if price hits your stop loss, you lose 1%. But if price hits your take profit, you make 2.48%. Okay, so risk to reward is very important. It is, it's the same. I mean, like, because I do so many other things as well and whenever I'm thinking of trading I feel like it's the same for everything else. Let's say you are in retail. Okay, I am in retail myself in real life, okay? That's why I always keep using retail. You're in retail, you sell a bag. Okay, you sell a bag for $100. If you bought the cost of your bag, it's $50, you sell it at 100, your profit will be one to one. So you spend $50 to make $50, okay? But if your cost of your bag was 25, okay? That means you make one to three. Okay, one to three meaning if you don't sell a bag, you don't sell the bag, you lose $25. If you sell the bag, you make $75, okay? So that's a one to three kind of risk to reward. I think that's a great risk to reward. Okay, so same as trading, you want to get in on very good risk to reward because the win should be at entry, okay? Do you have a telegram? Okay, I'm just gonna leave my telegram here. I am, as I said, I am managing part of a bit of things now but when I give birth I will be stepping back a little bit from my businesses and I'll be stepping back. I won't be doing these webinars for you guys anymore so I'll be more like a full-time mom. So when I'm a full-time mom, I will also have a lot of free time when the baby's sleeping to do other things. Then that will be the time I will start my telegram group chat for trading. Okay, at this kind of part of time, right after this webinar, I'm gonna rush back to my office to my business to get something settled. So right now at this period, I can't start the group chat but if you want to add me now, in two to three months, I will be, or maybe four months even, I will start my group chat, my telegram group chat, my first group chat and I'll focus a lot more on trading because I'll be stepping back from my businesses and other things, okay? So if you guys want to add me on telegram, you can. In the meantime, I will be very busy if you try to ask me more about trading. Unfortunately, at this current point of time, the only time I can give you guys is this webinar. If not, then you have to wait a few months when I go full into trading and focusing on that, okay? Other than that, how to develop patience level which keep us come and sit in your position and hit either target or stopwatch? Okay, very good question, Sherish. A lot of people suffer from this, okay? This is trading psychology. So Sherish is asking, how do you have the patience to wait for press to either hit your target or stopwatch? Okay, this is my trick. I enter a pending order. So I tell the broker, I want to get in here. One, two, eight, three, two, okay? I put a pending order, one, two, eight, three, two. I put my stopwatch here. I put my take profit here. And then you know what I do? I go and live my life. I don't look at the trade again. Once I put my pending order, I do not go back into my empty fall trading account. I do not go back onto the charts. I make my decision and I stick with my decision. The next time I come back is tomorrow, okay? So tomorrow I will know if I got into the trade because what if price pulls back and it doesn't hit my entry? I was correct, but it doesn't hit my entry, okay? That's one thing. What if price doesn't hit my entry? So tomorrow I will review, how can I do better in terms of my entry? If it hits my stopwatch, I will review how come it hit my stopwatch? What did I do wrong? What did I see wrong? Why was my analysis wrong and why did it hit my entry? Number three, if it hits my take profit, I will also see, okay, what did I do right? This is something I want to do again the next time, okay? So did you do a specific course to learn trade or where did you learn this from? Okay, hi, Johan. I was one of those people who joined those crazy expensive trading courses because I didn't know they were free courses and free information online, okay? So I joined one of those courses where you have to pay a few thousand dollars just to learn a very simple indicator. I'm sure you guys have seen this YouTube video where you're like, oh, I can, if you join my course, you can learn about financial freedom. I'll teach you financial freedom from trading or blah, blah, blah. I joined one of the, actually I didn't join one, okay? Join a few of those courses where I paid a few thousand dollars and yes, that's how I got into trading. But you guys are so lucky because there's so many free resources now. This webinar brought to you by Tick Mills Free. You guys can go on YouTube, you can Google, you can Telegram, there's so many resources for you to learn trading. There's no need for you to pay for any courses. Please send a Telegram, I don't have the past recording. Again, it's on Tick Mills YouTube. Okay, cool. So that's that with answering most of your questions. I am going to go into the next chart, which is USDJPY requested by Jamilu. Okay, cool. Let's see Jamilu, what do we have today? USDJPY. Oh, take note. Oh, I'm so sorry guys. I wasn't done with NASDAQ. Okay. This is not my video. Okay, this is not how you do analysis. Okay, I don't want, because this is recorded, I don't want this to be recorded. After I am done with my analysis, I include indicators. The indicators will tell me my likelihood of price hitting my target. Okay, so I pull out the Ichimoku. Ichimoku is agreeing that price is going up. Okay. Okay, cool. Richard, just give me a sec. I'm going to quickly just spend two minutes on this. Ichimoku is agreeing, so it makes me confident that price is going up. Let's look at RSI. Let's look at Stochastic. Let's look at DMI, and then we can go back into USDJPY. Okay, the last one I want to look at is DMI. Okay, what am I looking for when I pull out DMI? I want price to show me that it's going up. It is showing me that it's going up and it's showing me that trend is strong. Okay, so what DMI is telling me is that number one, price is going up. Second thing is telling me that the uptrend is very strong. That means there is a possibility price will not pull back. There's a possibility from here, price just continues to go up. Okay, that being said, we now have two options. The first option is if price pulls back to this support area, we're going to get in here for a buy. If it does not pull back and it breaks out here, it breaks out here, you can get in for a buy at the breakout as well because the direction is that it is going up and the trend for the uptrend is strong. Okay, so if it breaks, you wait for the pullback and then you can get in and then your next take profit area is here. Okay, this is your other option. So I think I will say I'm 80%, 90% confident it's going up. It's just where do you get in for the buy? Okay, Stochastics, I really like it. Stochastics is showing that price has a rich of resistance. If price has rich of resistance, it means that it's time to pull back. Okay, so there's a chance it will pull back. If it pulls back, we get in here at the support for the buy. Okay, same for RSI, RSI is sharing the same thing. It's time to pull back. Okay, so I think next day, I'm more confident of price going up. Okay, we're going to go to USDJPY. Let's see what we've got here, Richard and Jamilu, USDJPY. Okay, very strong uptrend, very strong uptrend followed by a pullback. Is it now going to continue up or is it now doing a pullback and then a continuation down? Okay, let's find out. I don't see a very clear downtrend or uptrend. I do see lower lows. Okay, lower lows. There is a possibility it's on the downtrend. Just looking at this, I'm not very confident, but I'm more biased. Okay, so the thing about trading is there's never, ever 100%. Okay, it's just what is your bias? My bias is current for them, I do see bearishness. Okay, I do see bearishness. Okay, let's just highlight some support and resistance. Just because it's bearish on the big timeframe doesn't mean it's bearish on the small timeframe. So let's just see where price is gonna go in the short term. Okay, so I'm gonna have to use indicators for this because trend is not very clear to me. Like one look, I don't see a very, very clear trend. Okay, so other than a trend line breakout, I don't really see a very clear trend. Okay, this trend line breakout, if anything is signaling bullishness. Okay, because price was moving in a very nice downtrend and then here it broke suggesting not 100% but suggesting that there is a chance there is a chance that bullishness or an uptrend has started. Okay, there is a chance that bullishness or uptrend has started. Okay, so let's actually I do see a trend. I do see an uptrend actually. I was hoping to see a downtrend because Richard said that he's short. Okay, this one thing to consider price is moving in an uptrend but it could just be a pullback. It could just be a pullback. Let me see what's the likelihood of it just being a pullback or is it? Is this a pullback or is this a trend reversal? If it's a trend reversal means price is gonna continue going up, if it's a pullback means it's just pulling back and then eventually you'll continue going down. Okay, it's reaching the 50% I do see a bit of resistance here. Not a very strong one but I do see a little bit of resistance here. Okay, I do see some resistance. There's a chance it might just resist from here and turn back from here. Richard, if you don't mind, can let me know where did you short from? Like what was your entry for the short? If you don't mind sharing. That's my mind. I'm getting to listen about it and not getting proper interest with this sauce to learn it. I've heard about this smart money management. A lot of times I've never really looked into it because I feel like whatever I'm doing right now has been looking quite well for me. So therefore, this has not been a need for me to. Okay, if you short that from here, then yeah, it looks like a good short. It looks like, okay. I would say a take profit be this my take, I'm only sharing my take profit. Whether you want to follow, it's up to you. Okay, if I were to short this, this would be my treat. Why? Because one thing I don't like is this trend nine breakup. Okay, it's giving me like uptrend vibes. Okay, it's telling me like, oh, there's a possibility price is going up. Okay, but of course we are on the four hours. I'm sure if you go up to the one hour, the uptrend is even stronger. Okay, so definitely for me, if anything, take profit will be here. If I was in a short, my take profit here, stop loss will be here. Or even your stop loss, you can already move it into your. Hagan actually talks about this. Hagan actually is good. Hey, you can use Hagan actually. You can already move your stop loss to entry to be honest. You move your stop loss to entry and now you have a risk retreat, but that's entirely up to you if you want to do that. I'm all about risk management, so I would definitely move it. Okay, but take note, anytime you move entry to stop loss, there's a chance you get stopped out at entry. So even though you are correct, there's a chance you get stopped out at entry. Okay, so my, I'm a little bit more biased the price is going up rather than down. I do see a resistance here. So there is a possibility of price reversing from here. So there is a possibility of slight pullback. Okay, I'm very, very slight pullback from here to here. On top of that, I do see a Nike take straddle, Nike take here. Give me a sec. Where is it? Two seven, is it two seven? One, two seven. Okay, this area, I would definitely consider for a sell. Just a very short one. Just a very, very, very, very short sell. Yep, exactly to this area. Exactly to this zone here. Okay, cool. Let's see what the indicators are saying. Chimoku sharing up trend. Okay, take note, right? I do see a short sell here, but my overall bias is actually a buy. Okay, if anything, I will enter here for a buy. If anything, I will enter here for a buy. Okay, I usually don't enter for a sell. I usually don't go against trend, but you can go against trend and still make profit. Obviously, I just think it's dangerous because if price is pushing you up and you're going for a sell, you're going against momentum. Okay, nice. Okay, so I guess you are in a good trade. I think the potential for this will be this area. This will be a safe, healthy area to get out of. Number one, Ichimoku is showing a buy. I want to see if RSI is showing any kind of diversions. Let me see if I see anything at all. Okay, RSI, definitely showing up trend already. No bearish divergence, so I don't see price. I don't think, okay. The two things I am asking myself right now is number one. Is this a pullback? A pullback meaning that it pulls back to here and then it continues with a downtrend. Or is this a trend reversal completely? A trend reversal meaning that it's just going up already. Okay, so from here, it can either choose to pull back or it can just continue up. Right now, I have more signs pointing that it is a trend reversal. Okay, I have more signs. RSI is showing that it's bullish. DMI is showing that's a strong uptrend. Okay, everything is showing to me that it is going up. So at this current point of time, there's no reason for me to think that it'll go any lower than this take profit area. At this current point of time, I don't think it can reach this support. I don't think there's enough momentum to reach this support but I do think it can pull back to this take profit area. So that's my take on USDJPY. So my take on USDJPY is definitely I am, if I have to give my confidence level, I am 70, 80% confident it's going up. Okay, it's just that before price goes up, I think there's gonna be a pullback to here first then from this area here, then it will continue up. Okay, but that is just my analysis. Okay, please take my analysis with a pinch of salt because of course, just like you, I'm just a trader, I could be wrong also, okay? There's no 100% in trading. There's no 100% in anything in life. You can cross the streets and get hit by a car. Everything you do has risk, okay? So everything you do has risk. Right now, this is what I believe is going to happen but there's a chance at wrong. Okay, but so far everything is pointing upwards. Okay, Ichimoku is pointing up, DMI is pointing up, Stochastic is pointing up, RSI is pointing up, everything is just pointing up. How about the concept of alien wave to client trend? Okay, I would definitely not be able to use alien wave today to get analysis. Alien wave is a very time consuming technical analysis. For me to use alien wave, I first need to start on a weekly timeframe, maybe the monthly timeframe. Go down to the weekly, go down to the daily, go down to the four hours before I can get you a scalping strategy. That will take me, in my own time, I will take a few hours to get an analysis with alien wave. Okay, there's no way I can, I personally don't know anyone who can get you an analysis for alien wave in such a short time unless they have already been observing this chart from before. But if you are first time on a chart, I really doubt you can spend so little time. Well, my question is, so for, if you check USDJP on a 30 minutes, let's see, okay. Current candle might cover the distance of previous candle's shadow. Current candle is doing enthogy, might cover. It is, but a bit of strong variation is here. Okay, so yes, I am still sticking with my analysis for now. Okay, that's it, that's all I have for you guys today. I hope you guys learned something new. If not, if you didn't absorb any at all, I hope you at least learned the importance of risk management. Okay, that's the key concept of improving my own trading is when I finally decided to change my risk management and my trading psychology. After that, I became a way, way, way better trader. Okay, so I will catch you guys again next week. The next time I do this webinar for you guys is on Monday for those who've added me on telegram. I do see a lot of you saying hi. Hi, just attended your trading. Hi, I'm in your webinar. Hi guys, hi, okay, okay. There's like seven of you who just added me on telegram. I will eventually add all of you into a group chat. Okay, just that when I'm a little bit more free, sorry guys, after this I have to rush to my office. Okay, I'll catch you guys again next week. In the meantime, have a good trading week. I hope to see you guys next week. How to join your telegram. You guys can add me on telegram. I was saying in the earlier of the webinar, you guys can add me. If you add me now and you contact me, maybe I'll be very slow with my replies. Later on in two to three months or four months even, I'll be quite free because I am stepping back from my businesses. I'm stepping back from these webinars. I'm stepping back from a lot of things and I'll have a lot of time to talk to you guys on telegram. I'll have a lot of time to create a group chat and focus on trading only. Okay, so until then you can just add me first. You can ask me questions, whatever when I have time I will reply you. Okay, if I don't have time, please understand. You'll be lack of sleep after this stuff. Yes, I'm trying to manage. I'm trying to prepare everything before my baby comes. So until then, until I become a full-time stay-at-home person, I will, yeah, I'll try my best to reply you guys. Okay, so catch you guys next week. Thanks for all joining our webinar. See you guys. Thanks. I see your message from Richard already. Thanks, bye.