 You're right all so I thought I'd just make this video on a gold CPR trade and really start off on Kind of just understanding How this trade kind of plays out Occasionally not aware and it might not be one that you would have seen You know at first sight but once I unfold once it's unfold just hard to see it so What we have is really levels right is it is a nice clear level We've got resistance there a bit of support there and some support here as well, which is really nice for the trade so You know there are there are three really types of traders and you think about The type of strategies there are it centers around really three which is breakout traders retracement traders and Level traders You know they can you can add pretty much all Indicators to a chart, but usually the foundation would be that they trade around support resistance. So what you're looking for is when common technical analysis Right From one of these three fails. Yeah fails these traders. So what we had was in This time we had a nice level that looked like it was working. Yeah Looked like it was working anyone who got long here right Looks like it's going higher and then what it's lost to do is lost to fail on these traders, but what we also have is the breakout trader first of all who trace breakouts of levels now. This is an hourly chart and Breakout traders would usually look for a close below a key level that close You've all heard it on YouTube Everybody says it all the popular youtubers say it, you know, once you get a close below Then that level has gone, which is not true. And So what's happened is now is that if you're a breakout trader, you're looking to trade this here right getting short now Where you're placing a stop who knows some have tight stops, but it's going to be somewhere around this region here To varying degrees and then you've got this wick that comes up and then comes down Yeah, so this is like a nice Continuation type trade on a lower time frame. Maybe like the 15 minute that probably would look like some sort of Yeah, so it would look like a retracement trade So retracement traders are getting in on this as well. It looks like it wants to go to the downside Yep, it starts to you know go to the downside So there are more traders getting involved here and then where they're placing their stop losses The 15 minute traders are placing their stop losses here. It's a typical You know trade Yeah, and what they don't know is what's coming to the right. I have no idea Yeah, so what I'm looking for and how CPR works is understanding where first Typical traders get involved with retracement traders break out traders and then Understanding that these traders tend to not have that much discipline and they suffer from Something called loss aversion bias, which is losses feel worse than gains for good They tend to move and remove their stop losses or not even use stop losses in a lot of cases and And so we can take advantage of the mistakes of those types of traders So let's go back to like the one hour And so nice clear level and then we get retracement traders and break out traders All within here expecting price to do what? It's a pretty much go to the downside. Yeah, that's what you go in 95 nights Can I set a percent of of trading educating videos and this is what they're teaching you? So then what happens is? Is you get a Failure yeah, so the unexpected starts to happen and as you don't expect starts to happen Certain fear and biases start to kick in So they see in prices go against the trader So what they stand what traded a trader tend to do and if you're watching this you've done it yourself is move and remove your stop Loss, you know thinking that you don't want to accept the loss There are traders that take more risk than what they should have taken in that position Maybe they want a bit of a losing streak and maybe they're at their wit's end and they can't um You know for to take another loss otherwise going to blow their account, etc. Etc. All right many many reasons So these traders then You know the the the not disciplined ones will end up moving and removing their stop losses as price starts to go against them They get a little bit of a relief here potentially anything. Okay, if you you know prices are starting to come back all right brilliant but what eventually starts to happen is prices go against them yeah prices start to go against them and The traders That ended up getting involved around here to the short side again Thinking that prices were going to go to the downside. It would have been traders that may have decided to buy here But if you look at the overall recent trend most traders are going to be looking for Trades to the short side There would have been some traders getting involved here, but with this quite bearish price action Yeah, with that bearish price action again if you go down to maybe something like a lower time frame like the 30 minute Etc. Let's take this off for a little bit You know that could have been just like a deeper pullback So a lot of traders would have been like taking that to there Maybe that was some sort of 61.8% fib. Yep Surprise didn't close below said it was just a spike up nice confluence at that level. That's just a Another level for traders to get involved in and look at that look at the confluence there So you got nice support and resistance confluence For traders to get short again. So you've got resistance here got support support Resistance return resistance of more traders are getting involved to the downside nice engulfing candle, etc Yeah, so nice 61.8% confluence again Not knowing what was coming to Right-hand side of the screen There's not too many traders not too many traders that would be buying right here Yeah, considering the recent downtrend Again, as we know what happens is Is it we just go forward a little bit? It's got maybe to back to the hourly and it's For the little bit prices start to go against them and as prices start to go against them again These traders new traders and old traders are still in this trade. You can't accept a loss because of loss aversion Moving and removing their stoplosses. So what ends up happening is that they captured in their position? All right captured here. This is the pain phase And the further price goes away is the more they start to look at their Profit and loss unrealized profit and loss and they pray that if prices come down here If they could only just get out for a break-even trade, which is the next best trade After a losing trade or a small loss that they will now what does it have to do with supply and demand? Because if you look at the supply and demand equation in this area from a technical analysis perspective What you've got is anyone who went short here in this area here, let me clear the chart Anyone who went short in this area in and around this area here And here if they went short in order to exit their trade-up break-even So they had to sell to go short. They need to do what buy To exit Traders who are trading levels support support resistance support resistance New traders are going to be looking at a level to do what? by and Also traders if price does come down here who are trading the level from potentially up here resistance resistance resistance This comes down to a level. This is where potentially They're going to take profit and if they sold up here And they need to buy to exit in the same way that these guys need to buy to exit here So these guys are court capture pain Relief Yeah, which adds to the supply and demand equation in and around this level now none of us know to what extent When prices exactly will turn but what we do know Is that from a technical analysis perspective? There should be more demand in this area Yeah in this area then Supply because again who? trades at who's buying at lows Well, who's selling into a low? It's not really what traders tend to do now gold obviously is a safe haven asset Potentially you want to be long gold So this looks like this area this whole area here and the lower I think the lower the The area for me this area here If price does come down into that zone there that box and that is a really decent trade to the to the upside As I think that there will be more demand then supply there It's a risk sentiment, you know driven asset So if risk does come more back on then Should get prices come down to here But if risk is off potentially and still then you may get prices Reverse at that area there as well But in a risk-on environment gold doesn't do well so that level may not work again It's just 50 50. It's the tip of a coin, but this is how we look at technical analysis is understanding Deeper understanding of you know trading against traders and understanding why there should be more supply then demand By orders and sell orders. Yeah by orders then sell orders down here It's the reasons why we should get long at levels. So If you want to learn more about capture pain relief And the various different ways and different setups and patterns that we look for You know, you can join trading 180 go to the trading 180 website Have a free course and you can sign up there and have a free look at what exactly we do in the Discord group and in the course. All right guys take care and speak to you soon So if what I'm saying resonates with you why not check out trading 180 comm there is a Selection process to trade my supply and demand zone forex 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