 I think we can actually start. We'll start by saying a very good evening to you guys and thank you very much for joining today's Tickmills course module. It is module number four of this course. So we're actually going through a couple of things that makes out the whole trade plan as well. So elements of it, and it's more like an FXpresso type course, which gives you a little bit of a taster of what the whole trade plan is about. And we will be talking about the price trade plan going through the step by step. Basically putting all the things together that have actually, you know, that have begun, you know, sharing with you from module one onwards. So there you go. We are going to go through them practically and we'll be going through each one step by step of the trade plan itself, which is called the price trade plan, okay? So welcome to today's fourth module. Today is the 13th of March, 2018. The fourth module, like I've mentioned. So today's the last module of that first course that you have. So you'll be entitled to join the quiz questions. And once you finish your quiz questions and you pass with a minimum of 80%, you'll be sent out the certificate as well by Tickmail. Okay, so that's basically it. It'll be a very fun, practical course tonight as well. So we'll be going through them, yeah? Any questions, you can leave it to the last or feel free to actually ask at the time of the course as well. Okay guys, so let's begin. Before anything else, as usual, I'll just be reading out this very brief disclaimer right here, okay? If you guys don't mind, we'll only take less than a minute. Trading financial products such as CFDs on margin carries a high degree of risk and it's not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risk and take appropriate care to manage your risk. That's it, okay? So as you guys know, you guys will be sent the attendees of the course, will be sent out this presentation slides as well. You guys can actually contact your account manager, kindly email to Chris at tickmail.com to actually request for both the recordings as well as a presentation slide. So we've gone through module one which was titled Trend Price Action. We've covered a couple of things there, including moving averages, price actions as well. Module two went into psychological numbers right up to the probable reversal zones as well as support resistance zones. We've actually gone onto lot sizing as well in module two. And in this module here, let me just go down to module three. We covered the geometric patterns analysis, geometric patterns basics and drew out some of the patterns, very unique geometric patterns right there to actually predict the market. And today's course will actually go through step one right up to step five, just an outline of it briefly to go through the price trade plans. So what do we actually do in step one? What are the P's involved in step one? Like the psychology of the market? What do you need to do to checklist the market to understand the market better before you make that financial or trading decision? That is really, really important to go through basically the techniques and methods that we do here, both collaboration between a fit geometry and Tickman. So here for example, in step one, we'll be looking into how do you actually pick the pairs? But before you pick the pairs, a right pair for the day is really crucial. How do you do that? I'll be going through with you on very simple steps to actually do that. And that is going to decide whether or not you are actually in a fast moving pair or a pair that is focused by the big boys. And there's really no point for us to actually trade the pairs that are actually low in liquidity, low in volatility, not really of focused by the big boys because we will then end up just being in a very slow market while the rest of the market will be actually moving really fast. Okay, so then we've got potential trade ideas. Of course, the geometric patterns as well. We've also got patterns, price patterns as well as the geometric patterns itself and we've got personality of pairs, okay? This is what autochartist can actually help you that's available via Tickmail as well to actually know what are the trade ideas as well as the personality types of the pair, what kind of currencies or currency pairs that actually move best in what time of the day and in what day of the week, you see? So you can actually use autochartist for that that's available to you via Tickmail, okay? And we want to also move on to potential reversal zones as well to understand your risk element and these are all things that you can actually make sure or assure yourself of a trading decision just at the step one of the P of the trade plan. And then we move on to the risk reward. You want to make sure that you've got the right amount of equity, risk that you are willing to take as well, you see? So a couple of other things including the lot sizing that we have actually covered in module two, okay? And then we actually go on to insider's info that can actually be shared with you by your mentor or like myself. So we actually run a research department on the markets and we go into geopolitical risk, geopolitical factors as well that can actually match up with the patterns as well as the sentiments of the market. This will then give us an edge in understanding what pairs best to trade, how far the trend will actually last as well as what patterns to actually confirm that sort of factors from both geopolitical as well as the technical side of things, okay? So then once we've done all that then we go into the C, the C stands for confirmation or convergence, confirmation, meaning from step one right up to about step three, whether all of them actually match up to give you a clearer picture of not only the trend but also the trade ideas themselves, the risk level and everything else. So we want to confirm and converge everything that we have or seen from step one right up to step three, okay? Then your final stage is your step five. So we want to go through all this practically onto the Tick-Mail platform, MTFOR platform tonight and this will be a very interesting light for you guys so you guys can actually then look at how me as a trader or a mentor actually analyze the markets before I make some trading decisions and I use the price trade plan to do so. Just to keep you guys well aware of a step by step process that makes you really busy up in your mind, in your brain, then you would be less busy in your hearts. That's the best I can describe of the ultimate mission and objective of making you a strategic trader, okay? Or mentoring you to become a strategic trader. Okay guys, so that's basically it. We also want to look at how we need to actually always connect fundamental analysis, how most traders are actually looking into NFP or let's say CPI or PPI. They're quite familiar, traders quite familiar that they are economic calendar to look at economic data but it's more important for us to understand that they are economic data correlations. That actually means that one may relate to the other or one may happen two days before that may actually give you an idea of how probable would it be for the next one to be positive or negative, like the NFP, non-farm payroll we want to look at on a Wednesday for the ADP as well, why, so on and so forth. How do we correlate them? These are all important indicators for us. In within the indicators itself is to correlate them, okay? Hope it makes sense but we'll go on to the chart slowly and we go into the steps practically as well so we'll be fine for you guys. All right guys, so let's actually move on to a couple of things I would like to share with you. We'll start off with the first P meaning the first P itself stands for the pairs itself and also the pairs that relates to the psychology of the market. Psychology of the market actually means that how do you actually know what's happening in the market straight away? This is a site called actionforex.com we'll combine with the tools that are available on TickMills website like Otto Chartiz as well as the economy calendar as well but here itself gives you a bit of a pattern itself on what are the pairs that are focused by the big boys who are paying more attention to them. So what you do is you can always go on and have a read on actionforex.com it's non-biased or broke as it's just got some information. I wouldn't say that it's the best and it's 100% tools are tools at the end of the day they are also probability within the tool. So what we are actually looking at here is just a bit of a bird's eye view and how do you do that is by going on to actionforex you go on to markets and you choose top movers. That actually gives you an idea of top 10 pairs that are actually moving the most but also focused by majority of the traders and investors at the time. Okay, just to give you a bit of an idea so you go on top 10 movers it's not the best 100% type tool but it gives you an idea because at the end of the day these tools are going to only make a very small percentage of the entire process anyway because you're going to have so many other steps that would confirm and reconfirm the entire process. So it's important for you as a trader to actually pay attention to the process and what you do rightly to actually combine and keep combining all these ingredients together in order for you to understand how to actually trade practically. So let's say for example, on the top 10 right here as you guys can see, I would like you guys to focus or pay more attention to the first column here and the column that is titled under the change percentage column. So you just want to look at just the two columns. Look at the pairs right here from one to 10 and look at the change that means appreciation or depreciation. What that actually means is if you've got plus sign that means the base currency is on the buy. So most people are buying that currency on the left which is your base currency and then setting the second one. So for example, you got GBPCAD on the second row and you are looking at plus 1.23 right there So that actually means that you've got a buy position mostly by traders on the GBP and then they're actually setting the CAD. Now I want you to actually look at the first column right there and maybe you guys can actually look at a pattern. That actually means that could you see the currencies from one right down to let's say number four which currencies are mentioned the most? Do you guys actually look at that and maybe type it out and tell me which currency is mentioned most from number one to number four and then in number six it's mentioned once again and then the last on the 10th list is actually mentioned once more. So which currency would that actually be? Brilliant Nazreen, that is brilliant. So thank you for that. Jesse as well, that's brilliant. So you see that is just a very simple step. So you can actually see that there's a pattern there is a concentration and a focus onto the CAD but then could you also tell me what would the CAD what would most of the investors do? Would they actually be buying as you can see from one to 10 right there if you've got CAD involved would they be preferring buying or selling the CAD? What's your opinion with it? Yeah, that's great. Sell the CAD that's brilliant because why sell the CAD? Because I'm not saying that because they're selling the CAD and you go straight onto your chart and sell the CAD no it doesn't work like that but we want to know the market sentiments because you may be looking at what they have done maybe hours and hours before before they go to sleep because in New Zealand and in Australia for example most of them are already asleep they're waiting for the next day to come up. So we are just ending our day but they're gonna be starting the next day. So there's a lot of things that we just wanna know so that we can gather these information. So you've got that's rightly said there with selling the CAD so you've got buying NZD here selling and then GBP here buying and then selling CAD buying Euro here because of the plus sign right here every plus sign or minus it's only talking about the base currency which are the currencies to the left for those who are very new to this so when you look at that you can actually then say yes majority of concentration for that time also would actually be buying sorry selling the CAD and buying the rest buying the opposite sort of currency. Okay, let me just check on there. All right, Adolfina when you talk about CAD you're actually not buying let's say the first one here right because the NZD is in the front and that's the base currency. So when you look at the plus sign that means it's buying that's correct but they are buying the NZD not the CAD so they are buying always the plus sign or the minus sign here he's talking about the currency to the left the first currency on the left, okay? So if you see a minus sign like let's say number four minus right here they're actually selling the CAD because CAD is the first one if they are selling the CAD they are buying automatically the CHF or the second currency to the right, okay? So there you go if you want to have it updated you click onto your F5 on this table okay refresh and then you'll get the latest one as you can see last updated it gives you the timing right there as well, okay? It's not 100% as I mentioned but it would be quite interesting to know that okay CAD is the one that is paid a lot of attention on the CAD so in majority they were actually selling the CAD correct, so very easy now once you've actually got that one currency that's mentioned a lot on the top 10 table it usually happens that more than 80% of the time you'll see one currency that's mentioned the most sometimes the whole one to 10 currencies are actually the same pattern either buying or selling on that one currency but most of this one currency is mentioned in all 10 and that's actually a very good sign that means there's just so much focus on that but you need to double confirm that buy yourself onto the chart, okay? With your own eyes, okay? So that's basically it so now once you've gone onto the markets right like that and you've done your top 10, your top movers all you need to do now is go onto currencies, okay? I'm sorry, go into the volatility chart now volatility is when things are moving crazily let's just put it as simple terms, right? So when you've got volatility you've also got opportunities but with the opportunities comes a risk as well so hence the reason it's really important for you to measure the market properly with tools that are used practically to measure the market cut your risk and increase your probability, okay? So here for example when you've actually got that simple currency that one currency that you've picked out of the top 10 you've got your CAD so you go into your CAD right here and then you go into four hour daily chart you just click on that one I just want to look at the volatility of CAD on a four hour and a daily chart just because you've got more data on a daily chart and a four hour chart but what you want to do is you want to see that whole purple area or that area right there which currency would the CAD be pointing at to tell you that it's very volatile? Now you could see CAD and you can see that that sharp angle or end right there is pointing it's closer to see to JPY and it's really clear sometimes you will see two, three currencies most of the time we'll see just that one that is paid a lot of attention to so that actually means that you're looking at a CAD volatility chart and it's telling you that the CAD against the JPY it's really, really volatile that's it so what you do next is you try to use CAD, JPY as your main pair that you will be looking at for trend and everything else because when you look at CAD, JPY all pairs can actually be correlated with major pairs, exotic pairs and many other pairs I'll give you an example if you look at EuroJPY EuroJPY can be correlated to many other pairs as well so I'll give you more on the next tutorials on how you find correlation correctly but I want to actually point out to one particular pair and that particular pair can actually give you an idea of how you can look for patterns and because it's volatile it'll be moving quite a lot but then we need to look into the trend after that just to confirm the trend and everything else so we're looking to the top 10 movers it says that CAD has been selling more but it's not a guarantee that they'll be selling now they may have sold it may be time to buy we don't know but we were going to be confirming that right away so you could write that down now CAD, JPY so what we want to do is we want to concentrate on the CAD, JPY as an example tonight for us to actually look into the entire price trade plan so just an example we go on to CAD, JPY as an indicator now let's say we go on to CAD, JPY right here okay now look at what's going on we start off with the let's say I would like to start off with a five-minute chart that actually means I want to do a trend analysis first remember what we do when we want to do a trend analysis we apply the tool what tool would it be the exponential moving average okay so it's a moving average that you actually do and click on insert go on to indicators go on to trend and you click on your moving averages correct now you'll be applying three lines and this is just a revision for you guys who've actually missed out let's say and you apply the 50 we've got your 50 right here and then your 100 and then your 200 okay so you've got three exponentials so it wouldn't be the simple one it would be the exponential moving average you want to apply to close on all the three types so you've got again I would repeat 50, 100 and 200 and once you've applied them you've got your three lines like this let me change the color right here because it may be not that visible on the last line right there let me change that to purple color right there so that's your 200 exponential moving average you call it EMA and then you've got your 100 EMA right there and then you've got your 50 now very simple what do you do in a trend analysis you need to make sure number one your candles position the further under the candles position you see the current candles right here all these candles they have to be either under all three lines the further away and further under they are under the three lines that means it's bearish okay that means bearish on the five minute chart yeah and if you look at candles above like this above and further away and further above the three lines the candles we're talking about here the group of candles yeah this one the group of candles right now now the price and the current candles are under so that's actually giving us a bearish sign if they are above all three lines there's a bullish sign okay but this is just one time frame now never if you can not to ever look at trend based on a single candle or just one time frame but that's going to just increase your risk tremendously okay be sure to do that okay to always look at at least a set of three time frames or many many time frames doesn't matter I like doing it looking into five minutes right up to what four hour right up to daily or even weekly and monthly doesn't matter this is just your very first step of identifying the trend you need to look through a couple of trends a couple of time frames sorry and you want to look at the position of candles whether under all three lines or above all three lines and then you pick a cluster of three time frames to then focus on one to draw that final analysis or patterns or support resistance or anything else okay but when you do trend analysis you can actually go over as many time frames as you want but we start off with small I know the different strategies out there and they go on to big time frames and then small time frames but you know I see that you can actually create a story if you look into small time frame because small time frame meaning the current position right now okay so now to the future okay so this is what we want to look at so if we go on to five minutes you could see that down trend right there mainly because you've got candles under all three lines and you want to also look at how the three lines are moving the three lines needs to be having split ends like the hair split ends that actually means they shouldn't be touching each other which they should follow the position of the trend that the direction of the trend that means pointing downwards okay and split amongst themselves okay not to touch not to be touching or entangled with one another that actually means if they are entangled then or moving sideways that means that it's not very clear the trend itself is not very clear even on that time frame so then we go on to five on the 15 minutes chart let's look at what's going on you can see that candles further away which is a good sign under all three lines but the position of the three lines the direction the way it's moving it's got a bit of entanglement going on that actually means that the trend is not very clear for the upcoming time frames okay so now if we go on to the 30 minutes chart you can see that it's moving sort of sideways the three lines but then candles still persist in moving under all three lines so yes you've got a bit of a bias to the downside but how far would it go to the downside much more in days and weeks or things like that it's not really clear why because the three lines are not showing you that the three lines should also be pointing downwards nicely three lines pointing downwards really clear the further downwards and the more steep the angle of the downwards of the three lines the better would it be stronger would the trend be as well so now we go on to the one hour chart now the one hour chart you still have the candles and you know wouldn't be that many candles now but then there's still under all three lines but then three lines are pointing sideways now what do you do when you see sideways sideways with the three lines are actually indicating to you that it's not only uncertain but it's having a lot of holding position traders are waiting for something maybe they are waiting for a data release there are many things that they are waiting if they are in doubt to actually buy or sell you as a trader need to stay out that as simple as that so you need to monitor go on to another pair or things like that go into the major pairs let's say look into economy calendar look into the type of pairs now for me personally I don't actually go on to the economy calendar to actually look at the results I've never been doing that for the past many years what we do is just look into the economy calendar look into the high impact medium impact news for the day and which currency way the impact that's it and that's basically what we want to know because that would create momentum or volatility in the market create a bit of a stir in the market that's what we want when there's a stir there's opportunities as well okay but we just need to write it carefully and we just need to know the tools to apply so that it lowers your risk increase your probability okay guys so then as we go into the four hour chart right there let's see what's going on the trend again now the trend is more biased to the downside at this moment of time for the four hour chart correct mainly because you've got a bit of more clarity on the four hour chart and you can see that the three lines are split you know but you've got candles you know went in between but then it's coming right out of that three lines and just peeping out that actually means that there may be a bit of a start of more selling going on for the CAD JPY okay on the four hour chart which is a good sign so it does actually marry and match with that top 10 that we've actually seen majority of traders investors are looking into selling the CAD there may be a lot of reasons with the CAD maybe we need to go on to the fundamental side of it especially economic data releases look at whether or not there are recent releases for the CAD's data that are negative or maybe they're waiting for more but they're expecting the traders investors are expecting more negativity with that so maybe that's why because this is the four hour chart so you've got a bit of a bias still matching with the top 10 on selling the CAD so when you are combining CAD with any other pairs make sure you be very careful with the trend because investors, traders are still focusing on selling the CAD when we go on a four hour chart there is other charts earlier on as well time frames especially we're looking at more selling of the CAD as well versus the yen especially okay because CAD JPY highest in volatility as of today at this moment in time so when we look at that we try to confirm the daily chart as well and then we go here and we see yes they're just much more as you can see candles are under and further under three lines three lines a bit of entanglement right there but they're pointing generally to the downside now if they start to split later on that actually means you know it's just got more and more power to the downside for the CAD okay all right there you go guys so here you've got your CAD JPY right there we're looking at only the trend side of it okay I want to look into all the elements and then we want to actually make the decision of whether you want to pick one hour chart four hour chart daily chart or you pick three now okay because you've seen the you've confirmed sort of the trend but now you're going to pick three out of that many many time frames how do you pick three now the three time frames that you would choose you would choose one out of three now I will choose three out of the many many that you look at okay but out of that three you're going to choose one to actually start to draw the patterns but the patterns need to be drawn on a very clear type chart that means the patterns clear the trends clear and things like that now when you want to pick the three time frames to start drawing you know the your patterns or support resistance or anything like that you need to pick one out of three right so that one out of three or that three time frames does depend on your equity you need to be very careful with that what that actually means is that smaller your equity smaller time frames okay bigger your equity bigger your time frames I'll give you an example if you've got your hundred dollars or you know five hundred dollars and below type you know equity level to start off for you on the start of small and you want to test it out and things like that it's no harm at all it's actually the best thing to do as well it all depends on your risk appetite as well as your capability for that capital to start forex with now if you've got that amount under your 500 it's probably best for you you know I'm not talking about trend analysis trend analysis you can look at many time frames but I'm talking about your your drawing your final three time frame type okay so you can look into one hour and below for that okay so you can start off with the 15 minutes here 30 minutes and your one hour so this would actually give you an you know sort of a smaller type pattern aiming at 20 30 pips let's say or even less but then it gives you a feel of trading little little pips you know because you don't want too big a too big a you know PIP target as well can only be in higher type time frames and higher type time frames that would then be fitting in more higher equity level okay if you've got your 10,000 US dollars life market life trading account type then you're looking into one hour four hour daily it's still possible to draw that in those time frames anything less than you want to look into lesser time frames as well for your drawing your analysis actual technical analysis onto your charts okay now hope that makes sense here so we are looking at let's say which is an example okay one hour four hour daily okay and you want to draw your chart before you do anything else now you've moved from trend right you've actually moved out from trend you've understand a little bit about the trend confirm a little bit about the trend based on the EMAs what do you do next what you do next is price action price action is really important once you know that okay you would like to participate in the market as a seller when you're a seller you need to watch out for buyers if you are a buyer you need to watch out for sellers okay how do you do that you need to look to the left all right that's very important because this would then reduce your risk tremendously and help you decide whether or not you've got risk coming out that may actually kick you out of the market or make you hit you stop losses or everything anything that would actually prevent you from going to the direction of your tp you know why because let's say if you're looking at a one hour chart and you've gone on to the top 10 and you've seen that the C80 those people are selling it and you would wish to also sell in the market correct so you would be a seller now if you are going to be a seller right here okay I'll give you an example if you are going to be a seller I'll go onto my four hour chart so it becomes a bit clearer for you let's just now you are a seller right let's just do that here now you're a seller you see loads of movement down and the thing that traders do most of the time that is really really risky is based on zooming out zooming in sorry zooming in a lot like this and looking at single candles like this and when you look at single candles like this you cannot make a trend decision a trend analysis so most traders what they do is that oh it's downtrend now no it's not downtrend we just know maybe it is or maybe it's not we don't know until we compare the generally most of the time frames but then we cannot make a decision based on single candle movement like this and say it's downtrend so I'll go on and sell it okay now the thing is the reason why I say that is because you need to be aware of whether the buyers will actually challenge you whether the buyers will be taking you out whether or not what that means is that whether or not you will you will you might be what you call that facing reversal whether this coming down what what if it just bounds up upwards now that could happen right now how could that actually happen that could actually happen if you look to the left okay if you look to the left you could see that in the past you could see very clearly in the past from where the current price is if you look to the left this was exactly the point that price has jumped up all the way up here of course it took some time maybe years maybe months and years and weeks and all that but if you look at that from that point right there right up it's an appreciation of 900 plus pips that is a very significant push of the market to the upside and that is based on that point here and that point here is really close to the price point of now and the price of CABJPY at this moment of time is trading at $82.42 okay and it was at $82.42 sometime back in 2017 last year in June last year okay so in June last year you had that appreciation of price exactly at where price is at now so it's really really dangerous for us to participate in a market and start selling your CABJ now mainly because you might be taken out by all these powerful buyers what that actually means is that you are selling you are a seller but you are entering the zone the area of the buyers which are very which is very dangerous this is the area of the buyer okay so what you would need to do is you need to zoom in a little bit concentrate on all these candles right here you've got a bit of a you know you've got that push up to the upside but then again you look to the left you've also got previous resistance a little bit right there has become a big support right here okay so there's all these buyers have actually dominated the whole market at the time and then push prices up 900 plus pips up so what do you do then you concentrate on this family of candles here where the price is at appreciated and you draw two lines that makes out a support zone very very important okay so you need to draw a zone here so you draw it from the lower body of the candle and the lowest weight of the candle and you got the two lines once that actually happens then you can see that the current price now is sandwiched in between two lines that makes out a very significant support zone so what does that actually mean that actually means that it's not wise or it's very risky for us now to make any trading decision or enter the trade at this moment it's like putting your finger into a spinning washing machine that's really dangerous okay because anything can happen at any time meaning might just come there and trick you and thinking that okay you've got more selling or look there is a bearish candle just came out but how would you know that wouldn't actually just bounce up any time and just follow the previous sort of sort of buying zone and get price pushed up all the way okay so as it pushed up as well if it does actually push up it would find resistance at any one of these lines as well so it's a really very risky time okay also if you look to the left earlier you look to the left for the buyer's zone and then you draw that support resistant correct and then you want to also look to the right when you look to the right and look at current price itself it is now trading at 82.44 now 82.44 itself we look at 0.44 yeah the last to the two digits right after the decimal place you can omit the very last digit okay so let's look at it as 82.44 now if prices were to actually go upwards it will bump into the 50 psychological number that actually mean you've got a psychological price to the upside at 82.50 I'm just going to draw that line at 82.50 okay going to draw the line at 82.50 which is a psychological price or level okay so we've got that 82.50 right there now if prices would come down and down and just depreciate further from 82.44 right down to 40 and 30 and all that the closest psychological level down that means under the current price is 82.20 so I'm going to draw another price right there okay so 82.20 it's another psychological level of price now I've got all these lines now now these becomes my zone this is the zone that I should not do anything I should wait until price or candles come out above the zone to give me a bullish type biasness or to come under all these lines to give me more bearish bias now you get the point yeah you get to know how the price action works yeah so if we go on to just highlighting this whole area right here okay as the main PRZ potential reversal zone why because if you are selling it might reverse on you and then go upwards okay so you need unique prices to actually first go either above that zone or under so what do we do when price is at or in within that blue zone you just don't do anything okay it's very risky okay we want to wait until we've got more confidence in what the market is thinking of doing when they are all going into the market for a sell and they have come under that zone then you've got more confirmation that the more bigger sellers are participating in the market and you ride along their their decision and their and the market is created by the big boys okay if not it'll be very very risky for you okay so that's basically it so you've got your you know ways to understand support resistance well that these are all ingredients that will actually cut your risk and increase your probability looking right looking on the left okay so very very important then you look into the trend first you do your trend analysis first and then you do your price action analysis looking to the right and then looking to the left very very simple rules but these simple rules are the one that is going to cut your risk a lot a lot a lot more okay okay guys I hope you guys understand that if you guys have got any questions feel free okay and you can actually do the same analysis for any instruments okay the same type of indicators that I'm using this is solely the only indicators that I actually use for trend don't use any other indicators apart from just the price just the what do you call that geometric patterns which are price patterns okay all right for now maybe take a little breather you guys are okay so far before we start drawing a little bit of patterns maybe any questions at all anything that may actually be you know a little blur or would actually deserve some clarification perhaps any questions at all guys any questions at all you guys are okay all good guys right we're just going through all these revisions basically so that you get a better idea and then we'll straight go on to trade ideas hi there Jess that's a very good question yes a lot of practice what you could do is you know you can go on to joining the telegram group as well so that we can all share in the community it's fxgeometry.com and you need a lot of practice but you can always ask questions at any moment of time you can always send your questions to chris at tickmail.com as well it'll be forwarded to me and I'll be happy to answer your questions too with the candlestick patterns with let me just see I don't really look into candlestick patterns at all because I don't find it really necessary at this moment of time so what do we actually do here the name of the group is what you could do is you go on to the fxgeometry fxgeometry.com and you will see the telegram group on your right and simply click that and you'll be able to join the group straight away okay yeah kindly go on to the fxgeometry I'll just type onto that the fxgeometry website and our team is actually working in collaboration with tickmail as your educators and mentors so it would be easier for us to monitor your progress and you know keep guiding you guys on how to trade using the geometric trading method especially okay I've sent it out I think I've sent it to you guys the website so it is www.fxgeometry.com okay and yeah brilliant and on the right you'll see the telegram group and kindly just click onto it join it and you'll be in the group okay all right so I think it's time for us to actually straight away look into trade ideas okay we will repeat this session I know this is this is meant to be a trade ideas type session I've made a bit of an introduction to you on the course to you know tell you what it would be like for the course on Thursday so Thursday will expand the course a little bit more but now we're going to go into trade ideas just because we've got loads of demand and requests to actually go through some of the things that was covered in the course so that you guys can then understand how you can analyze the market for yourself before we revise and go through everything on Thursday again so on Thursday we'll just expand that course thing for you again and go a little bit more in advance but tonight I just want to repeat all that before we go into trade ideas for you guys okay all right hope that's okay all right so now we've got that covered already on that support resistance side of things okay so now what we will actually do is then to look into a couple of majors as well and look into some trade ideas that we can actually do before I open the floor to questions for you guys okay so here let's just look into one of the most popular major which is Euro USD okay so let's just get rid of all these object lists right there because I just thought I would start off with you guys with you know certain basics so that you guys can start doing it because it's beginning of the week as well is best to cover some support resistance and a couple of other things that are really really very important for you guys so here we'll start off with the one hour chart let's say let's say I've picked my three favorite time frame which are the one hour four hour day this is for for myself because it matches with my equity and this is the risk that I'm willing to take and everything so I would compare one hour four hour and my daily chart let's say okay so now we start off Euro USD on the one hour chart straight away you want to also time manage yourself you want to do things not just too fast but fast enough to actually be complete and proper in your analysis okay so now for example straight away at a glance it's more bias to the upside mainly due to the candles being up and above all three lines correct but the problem with that is we have got entanglement of the lines of the three lines and you see it's not looking really good it's just sideways so what does that show you it shows you a bit of a mismatch with the trend and how far the trend can actually go so here the strength of the trend is not looking like it's very good because of the three EMA lines pointing sideways okay but you've got candles above that's hence the reason you've got some corrections coming down things are not really very clear as well and you've got smaller candles and then bigger candles and now you've got depreciation of price the candles and all that okay so it's really clear when you go on to the one hour it's just not very clear in terms of trend okay now as we go on to the four hour chart just try zooming out a little bit and looking at the way actually moves we can see more you know more I would say bias still to the upside with the way the candles are moving mainly because went up from there made a correction but it found the correction or support being pushed by either one of the moving average if it does that a lot that's a good sign when when you've got corrective move or bouncing off or support or resistant from either one of the EMA lines is a good sign showing you that there's a good support you know now at this moment is good support upwards so still it's on the upside but again I'm not really a fan of looking at what you call lack of clarity of the trend okay so the trend is not really clear it's not really strong at the moment mainly because you've got three lines pointing sideways again there's a mismatch between the strength of the trend and that the trend itself okay at the moment with the candles moving upwards okay so now we go on to the daily chart now with the daily chart is a little bit a bit of a different picture so you can actually look at your one hour as your short term let's say four hours your medium term and your daily is your long term let's say okay so when you look at that you could see that it found some support right there and then it's heading upwards the candles are not really far and above all three lines but it's beginning to actually pick up momentum to the upside and the bias is to the upside maybe because you've got a little bit better the way that the three lines are moving to the upside a better angle as well so that's actually wouldn't say a very steep type angle but it's not too bad as you if you zoom out you could see that it's reasonably steep as well so you've got so this summarizes for the traders saying it to us that you know you've got more room to the upside on the long term the long term they may be more appreciation they may actually be more reasons to feed euro to the upside okay so what do we do is the one hour didn't really match with the four hour and the daily mainly because we would prefer for a clear trend to actually match by seeing the same picture you see in the daily chart on the one hour and on the four hour if you see all that matches then you are likely in a right position to actually buy the market and you're looking for bullish trend but at this one of time not yet to the pattern mainly because it's not really clear on three time frame so what you can then do is go on to a lower time frames and see whether or not you could find a better match in lower time frame so if I start off with my 15 minute chart I can see it's quite clear and quite nice that the trend mainly because you've got candles really far and above all three lines and three lines just pointing upwards very nicely on the 15 minute chart as we go on to the 30 minute chart you can see a bit of entanglement happening so I could say that from the 15 minutes a bit of clarity of trend but then the strength sort of gone down a little bit on the upside so as I go on to the one hour again you've got the entanglement you go on to the four hour it's not really timing wise basically to summarize it's not really nice and good on the trend side so if it's not very nice and good or matching with many time frames on the upside or bullishness then it's not really good for us to look for bullish trends so you want to look at bullish patterns bullish geometric patterns only in bullish market and bearish ones in bearish market okay so here I would say you know you could actually look into patterns when it's really clear if you still want to draw a pattern you can still draw a pattern but the risks would actually need to be measured by yourself and you would be willing to take that risk or not so for example I'll give you an example we've got a nice C point here mainly because if I look at A here B here C here D to the upside but the problem is the strength of the trend is not that strong mainly because of the three moving averages pointing sideways and I don't really have strong three time frames pointing upwards and giving me bullishness but for the sake of practice I would like to draw a pattern for you so you can actually look into it okay so as you look at this movement here it's an AB type movement correct and I like my C to actually land at either one of the EMA lines to make it like a cushion okay so you've got a C point right here now I'll draw my C point right here this is for Euro-USD on the four hour chart okay so now we've got my B to C right there correct so how far if at all we've got more bullishness how far can the D go very easy double click onto the previous AB line you can project that to the sky upwards okay and you've got a C to D projection okay so that projection at the end the tip right there gives you an idea that if at all only if at all the bullishness picks up and the trend on the bullish side of it really persist then you could see prizes coming up to this area right there and that area is the 1.2563 area okay now you are right here at 2392 let's say so if at all you want to look into a buying opportunity only if the three time frames are actually all you know matching with each other and everything looks great then you want to convert this simple ABCD or bullish ABCD pattern into a bullish geometric pattern by drawing a line from A point right up to the D point now you've got a geometric pattern earlier on it was only an ABCD pattern okay now once you've got a geometric pattern the reason for converting from an ABCD pattern to a geometric pattern is to get the cross point right here that cross point is called a centroid that actually means the intersection between your AD line and your BC line when you've got a cross and like an X in the middle here gives you an indication of where your entry point could probably be but of course we need to do a little bit of tweaking with that line according to psychological numbers as well so let's say I put that right there in the middle and that points up to 2360 okay 1.236060 the last two digits 60 is above 50 which is okay you can actually buy at that point because it's 10 pips above the 50 psychological number but as prices go up and up and up let's say now you've already missed that earlier buying price but then now let's say you just open up your chart you've just came back from work and then you see that now it's trading at 1.2392 okay so 1.2392 as prices go up and up and up it's just too close to 1.2400 psychological number okay so that actually means I'll just wait until price goes up further and it needs to go above the psychological number at least by 10 pips to consider an ideal buying price so what would the ideal buying price be the ideal buying price would be 1.2400 plus 10 which actually means 1.2410 so 1.2410 would actually be an ideal price okay so 1.241.2410 would actually be an ideal a better price for you to consider a buying sort of position or 1.2430 which is above the 1.2420 area okay so you've got two choices of an ideal price right there okay for those of for those traders who would like to be a little bit more conservative for the measure out there is they would then look at that B point right there and start drawing a zone okay a resistant type zone so here you get to go onto the highest body right here and then the highest week right there so that actually means that you would then prefer not to take the price at 2.410 2.430 you want to go higher that actually means you've got a zone right here that you would wish for prices to go through or pass this zone first that actually means above 2.445 but as prices go at 2.445 and a little bit above it would then meet the 2.450 psychological number so you would only end up buying at 2.460 so your 2.460 that's just for the 2.460 right there okay so 2.460 would be around here okay and that would be a conservative trader like myself I would then would like to really measure my risk properly and would prefer to actually take smaller amount but then measure out all the risk now if prices were to and if you were to enter buy at 2.460 let's say you can do a pending order on this one 2.460 very easy you go into your new order section right there okay and you change your market execution order here to a pending order you insert the price 1.2460 as your potential buying price as prices go up and up and up if you look left you may be challenged by these people right here previous selling zone so you want to draw from the lowest body right there and then the highest week at that moment is right there in the middle so you've got a range of three lines right there and that becomes your reversal zone so if you buy at 2.460 you want to get out of the market or take your profit before it reaches inside this zone or before it touches the last line that last line is at exactly at 2.550 okay so 2.550 is really not an ideal take profit because it's right on the dot of the psychological number so what you do is you take your profit right under the 2.550 by 10 pips so 2.540 let me just do this 2.540 okay 2.540 right here would actually be your ideal take profit okay so you can use the very simple rule for stop loss which is one to one ratio that actually means you measure the profit right here you measure the potential profit right here okay you measure the potential profit right here right up right there so that gives you about 79 or let's say 80 pips right there so you've got an 80 pips potential for a buy on the euro USD but not until it reaches this black area right here we call it the black sea zone and that is where you trade so you would then buy at 2.460 then you actually take profit at 1.2540 okay so that's your trade idea right there for euro USD if only the buy position really persists okay so there you go you've got right there now if you've got 80 pips right there then you take your 80 pips from entry points so 2.460 minus 80 and that would be your stop loss area so you've got the same or exact number of pips for your profit potential you want to equalize that to your potential stop loss in terms of number of pips I hope that actually makes sense to you guys I hope I'm not going too fast yeah forgive me if it's really fast like a choo choo train hey you can stop me at any time you guys are okay so far you're following this yeah it's okay you guys are all right yeah hope it's okay you like it like this just thank you for that okay good so you've got your euro USD there for our chart that's basically it now the thing is is just that it's not giving you very clear strength of trend just from the way the three EMAs are actually moving at this moment of time okay but you've got a trade idea right there you could easily do it with a pending order as well okay all right let's look at the next one right here let's see what we what we could actually gather let's go on to something with the GVP okay let's see what's going on the GVP we had some appreciation of price today just want to look at let's see what's going on because we've got more Brexit type news related things that are coming soon more things are going to be announced and things like that so let's look at what's going on now here if we look at the GVP thank you for that Leandro so if we look into GVP USD only one hour chart let's see for example we could see that at a glance we want to do things fast but proper we want to look at the position of candles we want to look at the three lines so they're actually pointing up and then split having split ends and pointing upwards we've only got the candles pointing up at the moment no we've got the candle sorry as well as the three lines sort of pointing up but let me just clear up this I mean as in change the color so it's more obvious on the 200 moving exponential moving average so we've got it a little entanglement there but then you've got a bit of a pickup that means it's start to split open and point up a little bit like like a mushroom growing yeah and but you've got candles the candles you know they've got very strong dominant to the upside so we see that it's biased to the upside on the GVP USD on a one hour chart but this is just one hour chart so let's compare your one hour chart with a four hour chart we actually make up a bit of a story the story here it's not really clear in terms of the strength of the trend mainly because the three lines is still pointing sideways they're maybe still waiting for something not really sure what it is yeah but you've got candles above but again it's not really that strong it's not giving you the idea that the GVP USD's strength of trend will actually persist longer it's not giving you that idea mainly because of the three lines moving sideways as well okay now let's go on to the daily chart with a daily chart you've got a bit of an appreciation of price a little bit of a bias to the upside but again three lines pointing not that split and they've got split ends they don't touch each other which is a good sign maybe they're picking up to the long term we don't know maybe something's actually going to make their GVP rise up a little bit more we don't know that but it may be a sign right there because you've got you have got the appreciation of price going upwards and you have got the majority of candles above all three lines but it's just that we need more angle we need the three lines to actually point up a little bit better a little bit that the angle should actually be more steep and then we get more strength of the trend okay so not just yet but what happens if we go on to the 15 minute chart and let's look at what's going on the 15 minutes you know 15 minutes it looks very clear on the upside okay it looks like you've got candles up above the three lines you've got three lines pointing upwards split you know from each other they don't touch which is a very good sign then you've got depreciation of price coming down but still far away from the three lines but as you go on to the 30 minute chart you see that appreciation still there okay and if you go on to one hour you can still see that there so if you look into 15 30 and one hour you may actually find some opportunities right there with patterns as well now the thing with patterns as well is that it may actually have actually gone past in terms of you know the ABCD pattern the reason I say that is because if I find A right here I may have a B right here C and it may have already touched so if I first I pull my if I pull my Fibonacci from A to B I just want to look at whether or not my C point is a minimum of 38.2 we need to be a minimum of 38.2 for the C point okay so I'll take that because it's a C point could be considered right here okay that's a lower zone right there so if I've got my A B at the time okay and then I see that my B C is right here okay what happens is I'll double click that and I bring that right up yeah okay bring that right up so once I do that I need to redraw my A to B right here okay just to equalize A B equal C D correct so then I would then at the time would actually look into potential take profit area right there under that area of course it went up further and all that but this was a potential ABCD for practice purposes for you guys me drawing the ABCD pattern to show you yeah so you've got that ABCD as a trade idea right there you could have entered above that and the point center point or central area so 1.3865 still be a good price right there mainly because it's above the 50 psychological number okay or if you want to be more conservative you want to wait until it reaches the 90 38.90 area because it's above the 80 psychological number but that's a little bit too far away but mainly because I may find that you've got a lot of risk right here even you are buying around here let's say look at this area here just went downwards mainly if you look left that's because it's got a lot of concentration point right here okay so we've got all this family of candles right here you can actually do right that there you see based on this one here and based on low body highs right there hence the reason it actually just you know decided to to make a correction right there as it went up really powerful with a single candle right there but then it you know reverse right down here and found support and then went up so there that's why looking left is really crucial so you look left you can see all this concentration of candles as well so if I look at the highest body right here and I take that one out you and I take that one out to see the whole concentration of the system loads of touch point look left again you've got more resistant right here hence the reason it became like that came back down then you've got the buyers going upwards but as it actually moves upwards now look left again you could see you could see that that movement down so hence the reason when you're a buyer you need to look up for sellers in the past so if you draw a zone right here highest lowest body sorry highest body right there and highest weak okay so you've got two lines you need a minimum of two lines at least to draw your support resistant so hence the reason it depreciated right there you see so you need to always look at different sort of approaches different elements to add into your trade plan in order for you to actually make it more accurate so there you go that's the reason why it depreciated because of that really big move to the downside so in theory of course you know you hear a book saying previous resistant becomes a support previous support becomes a resistant but look at this one here it's not always that you've got previous resistant becomes a support it became another resistance right there and it actually drove prices down mainly because in the practical world of trading you want to actually look at money flow you want to look at transactions so these are all human beings that you see on all these candles so you've got behavior right there and that behavior is actually based on a community of traders and big boys and all that and they're well pushed you know drop prices down from that angle right there down to about 286 plus pips so that was a significant drop so they had reasons reasons at that time to actually have driven prices all the way down so there's just no guarantee that it won't drive down price again because you are in their territory so you need to do you need to understand if you are a buyer in whose territory are you at in which territory are you in okay if you are in the territory of previous selling very strong selling territory you need to be careful because you are a buyer you're not part of them okay so they may take you out so that's basically how you need to look at okay so there you go that's the reason why you've got that now if I go further I take that one out you see that on the left you've just got just too many touch points of resistance and then you've got that a big nice fall right there as well and then you've got more resistance as you go on and on and on you've also got previous support yes but then dominated by more resistance okay so as you go into four hour time frame let's see you can see all these lines that we've drawn as your zones are well respected very very nicely it's okay so that's price action on its own so with price action itself laying out all these very important zones like this one here resistance zone and then you mix and match your patterns in there psychological numbers various other confirmation you follow the price trade plan that we will actually then go into price trade plan for the course which is on Thursday okay guys all right so Jason you've got a you've got a question here about your struggle on plotting the B2C on the life graph okay let's let's do that together do you actually wait for higher higher highs closer okay let's get to that and before completing the B2C so you've got a bit of a struggle in plotting the B2C you need the C okay let's do that here all right so let's just simplify everything and okay let's do that here okay let's say you're looking into A here B here yeah the C needs to be the lowest point okay if that were to be lowest you take that as your C as simple as that now your A does actually depend on your C point what that actually means is you need A to actually be touching either one of the Fibonacci ratio okay now you can have that low here you can have many lows correct but let's take one of the lows and go all the way up to B you pull your first Fibonacci A to B what do you want to do is like this one here may not actually be a very high probability type pattern maybe because you've got your C point the COC point is actually hanging in the middle of 38.2 between 38.2 as well as 50% Fibonacci if it touches either one it's even better we like touches touch points okay so if I move this A you can actually move your A to any other lows if I move this just slightly above to this low instead of that lowest point I see that it touches even closer okay maybe not touch exactly but you've got very minuscule what do you call that distance between it touching it so I'll take that instead so what I will do then is I I'll consider this as my A point okay so I'll take that and I need to now adjust my whole pattern just like that okay get that all the way up here and get that one down here all the way here so now that's my ABCD because my C point the lowest point right there now when visually you just need the C point to be your lowest point so A you pull your A just make sure that your C point touches one of the Fibonacci ratios when you put A to B your B is your high point your C is your low point okay your D is your projected point of how far privacy can go so you've got it okay now it says that it can go right up there which it did actually so you could have actually taken profit but for me as a conservative trader I like to look to the left and I've just got so much risk right here for me to actually come back down again okay so I may take a little bit of pitch but then I'll continue further later on but again I don't actually even know that this might actually happen or not so I would like to really measure the type of pattern and look left and see what your challenges are okay fundamentals is that clear for you Jason I hope it is I have mentioned you on that is that okay can you make your C A not sure what that means kumbulane what does that mean can you make your C A C A you mean your from A to D you mean or C A your C is here and your A is here okay Jason that's clear good okay so Jess has got a question about fundamentals to trade do I use fundamental the answer to that is yes but then what about fundamental do I actually use now the thing is that is very important for you to understand when you use fundamental it does not mean that you go on to FX Street or you go on to Tick Mills economic calendar and everything else and just based on the economic calendar look at the results and that's fundamental that's not fundamental analysis okay you need to be sure that you need a few other things because even if you look into a bit of geopolitical reasons behind why certain things happen that's also on the fundamental side of it also when you look into economic calendar there are reasons to believe that you need to match up a few data that connect to each other so CPI may connect to something else who may connect to inflation figures and everything else two three things so what I'm going to be showing you on Thursday is how do you correlate fundamental okay so on Thursday during the course we'll be going through the whole price trade plan so I'll be showing you how to correlate as well how do you actually look into fundamentals I've got some diagrams as well for you to see and for you to look at so do join me on Thursday 7 p.m. so we can actually go through the entire trade plan again but then this time a little bit more practical and a little bit more onto the fundamental side of it as well so you have a step by step step one step two P R I C E in doing things practically okay so don't worry we'll cover that on Thursday okay so there you go yes CPI inflation interest rates actually there's just no need to actually look into all the numbers because all the numbers CPI can actually be CP lines that way what that means is that you know there's just no 100 percent figures that are actually really accurate nowadays so there's a lot of manipulation going on as well you know with the price of gold with the price of the dollar with a lot of other things as well so together with the economic data releases as well so there are ways to actually filter out all the inaccuracy of you know these figures and numbers and that's why we want to combine yes some fundamentals but it's more important for you to look at you know top movers look at who's moving the market and then you go on the economy calendar to look at high impact medium impact type news and middle sorry medium to high impact type economic data releases and just look at what sort of pair what sort of currencies would it actually then impact then we confirmed it with various other things on the technical side of it and the patterns and price patterns or price action as well so you want to mix up all the very important ingredients so that you get a better clearer vision of the trend as well as understand which pair is best for you to trade and how do you trade them how do you cut out all the cut out most of the risk and increase your probability in reaching the tick profiting okay all right thank you just fantastic yes please do join us on Thursday so it will be quite a interesting one on Thursday we'll go through the trade plan on the life market so you'll be shown on how I would actually be trading and you know what are the processes you know I want to keep it short and sweet but then we want to go on to the chart on to the last chart and we want to practice the the price trade plan practically on to the chart okay does that sound good to you guys brilliant so yeah join me on to the telegram group as well you know it's you know a lot of people from all parts of the world will be you know just sharing ideas as well but then you can actually ask me on telegram groups so do go on to fxjometry.com click on the telegram group right there and we can then discuss whatever we discuss here on to tickmills courses are all you know mentored by myself via my telegram group as well so I can actually then I would love to see your screenshots as well so if you've got like a pattern drawn it'll be best for you to share it with the rest of the group so I can then keep monitoring and mentoring you guys okay does that sound good brilliant okay guys I think that's all I have for you guys tonight I would like to thank you guys a lot I know it's not too much of the trade ideas tonight but feel free to go on to the telegram group where the trade ideas will be actually shared quite a lot and you guys can ask you know on the pairs and things that you are you know pairs that you are looking at and I'll be sharing that the reason for it is mainly because tonight I want a bit of a breather on to the the trip plan a little bit you know a bit on the basics on the support resistant and all that mainly to to really make sure that you understand the base the foundation side of it before we go on to the patterns and you know more on the trade plan so hence the reason I've done it this way so that we can actually really focus on a practical trade plan on Thursday okay guys good the first two sessions yes Cibo Nello what you can actually do is contact your account manager and email Chris chris at tickmail.com and request and basically get guidance on how do you actually get materials as well as your video videos recordings of the webinars okay feel free to do that thank you very much guys okay guys Landro Tom everybody thank you so much thank you all for attending my webinar tonight really appreciate it and feel free you can also email me as well as Chris me at Kenny at FXJohnTree.com as well as Chris for anything related to tickmail as well as you know questions that you have on your recordings or certificate or anything else do email Chris at chris at tickmail.com okay guys all right once more thank you very much have a lovely night and see you on Thursday's course bye bye guys take care