 Hey, everyone. Hi, hi. Hi. Hey, everyone. Hi, Atari. Hi, Charles. Hi, Derek. Hi, Chu. Hi, Gary. Hi, Claire. Hi, Henry. Hey, John. Hey, York. There's a long list. This is a long list. So, hey, everyone. Hi, Richard. Hey, hey. Hi, hi, hi. Okay. I'm just going to keep saying hi to everyone until everyone else, the rest settles in because I do still see people coming in. Oh, hey, Desiree. Desiree, your name is under David today. Hey, Robert. Okay, there's still more of you joining. Let's just give the rest a little bit more time to settle in. Oh, nice. Hey, Alvin. Hey, Robert. Hey, Gliad. Gliad. Hey, Dee. Okay. Oh, okay. I think Dee that's my right. I'm just getting this now. Okay. Okay. Hey, everyone. Welcome to our webinar today. We've got tickmills. We're doing the master, ultimate forex trading masterclass. We're going to be talking about Ichimoku today, which is one of my favorite indicators. It's the first indicator I learned when I just started trading. So I'm super excited to be sharing or teaching you guys about Ichimoku today. Hey, Gary. Okay, I just want to double check. I'm sure everyone can hear me because everyone's like saying hi and responding to me. Everyone can see my screen, right? Just want to double check because I don't want to go on and only to find out that the screen is stuck. Okay, cool. So, hey, hey, thank you. Thank you. Thank you for answering. Okay. Okay, without further ado, let's start. Again, today's topic Ichimoku. Okay. So, hey, everyone. For those who don't know me, I mean, you guys wouldn't know me other than Desiree because it's my first time taking you guys here on Tick Mail. My name is Cassandra. I am from Everest Fortune Group. So it's usually a desk that takes you guys, but it will be me today. I do still see people joining this attendance list is so increasing. I hope those who just joined, I hope you settle in and you're ready to learn today. Okay, my name is Cassandra. I guess you can call me Cass. I am an investment analyst and a prop trader here at Everest Fortune Group. We are a fintech company in Singapore. Okay, we are the finalists for best forex research and best equity research from 2019 up to 2021. 2022 the results are not out yet. So we are not where we haven't put that in. So what we do is we do a lot of research and we kind of forecast where the markets are going. Let me adjust this camera. And I still cut off now. Okay, so what we do here at Everest Fortune Group is we spend a lot of time researching and advising brokerages, banks and a lot of institutions of where we think the markets are going. And today we have a special partnership with Tick Mail to bring you guys these webinars so that we can ultimately all improve in trading and hopefully grow accounts as well. Okay, so if you guys are new here, especially those who are beginners and just learning how to trade, don't be shy. Do ask questions throughout the webinars. Just remember that Tick Mail prepared these webinars for you guys so that you guys can ultimately improve in your trading and again grow your accounts. So don't be shy to ask any questions. We're all here to learn. Okay. And to grow as traders. Okay, so our agenda for today. In today's session, we're going to be covering. We're going to breaking down what it's you know, who is it's you know, who can go here. Okay, the effective tools to combine with it's you know, who and playing the continuations and playing the reversals with it's you know, okay. So before I proceed with the webinar, I just want to do a little disclaimer to remind you guys that whatever I share in this webinar should only only be taken as educational and should not be constitute as trading advice. Okay, sorry about that might have missed. Yes, it's here. The front page of the start of our webinar should have started with that. Okay, the disclaimer. Everything should be educational. Please just take this as a sharing and learning session. Okay. Just a little risk warning trading forex and CFD especially if you are trading on margin carries significant risk. Right. And it's not suitable for everyone. And this is not we're not doing this is scary guys but more to remind you guys that there is risk and you should always learn the proper skills before you do anything so I'm glad you guys are here today so that you can properly learn how the basics before you actually jump in to trading. Okay, so let's do let's start with breaking down with breaking down. Okay, can I just find out from you guys if you guys have ever used itchimoku before. How many of you here have used itchimoku or have heard of itchimoku or maybe like this is your first time. Okay, yes, yes, a bit. Never heard of it before. Never heard of it. There's so many of you have never heard of it. Okay, John Cole, very generically but not continent or workload is as a direction. Okay, that's good. That's a good start. Okay, John, heard of it but never use it. Okay, for those who have never heard of it. Marfeno have never, no, never hardly use it, never the Nova, the Nova tab M7 engine. I'm assuming someone's using their tab here. Yes, no. Okay, I think we've got mixed answers coming in. Majority of you have never even heard of itchimoku. Okay, itchimoku is a really really good indicator. It's an amazing indicator. I'm that we can learn it for those I've never heard of it for those who are already using it I hope you are getting the like benefiting from it as much as I did for I am still benefiting from it. Okay. Right, but again, if you guys have questions. Hey guys, to everyone. For those who are replying. I do see some of you replying to like just the host of panelists. I do encourage you guys to reply to everyone so that we can learn is Cassandra married to Desmond. No, no, no, Des has his own wife. No, Des and I are not married. Okay. Yes, please share your answers with everyone so that we can learn and grow together as traders and chartists. Okay, so let's break out what itchimoku is so itchimoku was developed by Giochi so also that okay guys. Where's Desmond people stop being personal Desmond is here in the chat as well. He's actually under the, so you guys can still wait, you are Desmond on your own. Oh, I am Desmond on my jail. Oh, right. Okay, because this is our main, the same account that we use sorry about that didn't. I forgot to change the name but no I'm not Desmond I am Cassandra. Yes, let's focus on the class folks. So, I just, before I continue I just want to remind those who are new here, whatever I'm going to, because this is a today's webinar is topical right. It's very, it can be quite theoretical or very principle based. Okay, so if you don't understand, it's totally fine. One of the most important things if like, like you don't remember the history of today like I just said itchimoku cloud was developed by Giochi also that if you don't remember this. It's, I don't, I mean, I think it's good to know right but it's not that important more importantly is the application, you need to know how to apply itchimoku into trading and into your charts. So, later on we will move on, we'll talk, we'll see sorry, we'll see a bit of the examples of how you can use itchimoku and if we have time we can move on to the live charts where we see, like, live examples of how itchimoku worked really well in the near in the in the past, recently. Okay, so if you are a bit lost and you don't remember any of the principle, all the theoretical stuff I'm talking about, don't worry about it. Again, it's just good to know not really that important more importantly is the application. Okay, so, again, developed by Giochi Hosoda is he was a Japanese journalist and he he published the itchimoku indicator in the 1960s so it's been around for about 60 years now. It, the whole point is to provide more data points than the standard candlestick chart okay. It may seem a little complicated at first but once we break down how it works, it's actually not that hard. Also, we're going to be going through some of the lines and I know for those but I've seen this for the first time you're you're just like what does all these lines mean, don't worry, we'll break down, we'll go through every one of them. Okay, so let's start with the conversion line and the baseline. So, because this indicator was introduced in Japan, right, was introduced in Japan, they actually have Japanese names which is not important we can just use the English names which is on trading you so conversion line. The English name for is like tank and send that don't worry if you don't remember it I personally don't remember it sometimes but I remember the English name, right, I remember the English name. Oh, sorry. Okay, right, so this to make it even easier for everyone how I remember it is when I see the blue line. Okay, because this is the default settings in trading view, when you see when you pull out the Ichimoku indicator on trading you, right, you'll see all these lines you see this blue line this red line that a few green lines that is not in this picture right here. You just have to remember that the blue line is the conversion line, okay, or tank and send, and the red line is the bed, the baseline, which is the Kijun send. Okay, so basically, if you don't remember anything I say the only thing that you should take away from this webinar, not the only thing but some of the important things that you should take away from this webinar is that when the blue line is below the red line, it means that Ichimoku is signaling some kind of bearishness. Okay, Ichimoku is signaling bearishness. Okay, so when the blue line is above the red line Ichimoku is signaling bullishness. Okay, is everyone good for now? That's the first key takeaway you should remember from this webinar. If you don't remember anything else, at least remember this blue line below the red line is bearish means that it's on a downtrend, blue line above the red line means it's bullish, it's on an uptrend. Okay, okay, cool. Okay, the next thing we're going to be talking about is the lagging span. So the lagging span is basically this line that is, well, on trading view, the default color is this dark blue, right? So when you see this dark blue, it's a lagging span is basically the line that is behind current price by the input that you put. So usually with Ichimoku, it is put 26 days. Okay, so the reason why it's 20, the default settings in trading view is 26 days. It's because back then in Japan, trading days was not five days, right, it was six days. So 26 was actually 26 trading days in a month. That's why when you go to trading view and you pull out Ichimoku, you see the numbers are like the default settings are different. It's six, 26, yeah, it's six and 26. So six is because it's six trading days and 26 is because it's 26 trading days in a month. So six trading days in a week, 26 trading days in a month. And now in today's time, trading days are actually five days. So it's actually Monday to Fridays and close on the weekend. So even though the trading days are five days now, we still use the default settings. Here at Everest, we still use the default settings because we find that the default settings are still effective, right? They're still effective. So certain indicators we do manually change the default settings from trading view because we find that those default settings are not effective to our strategy. But with Ichimoku, you can use the default settings that trading view gives you. Okay, because it is still effective. Okay. The next thing we're going to talk about is the leading spend A. Okay. The leading spend A is called the Senko spend A and the leading spend B is called the Senko spend B. So leading spend A, it takes the average of the Tenpen Sen and the Kijun Sen, plotted 26 periods ahead of the current price action. Okay. Don't worry if you don't remember that. Again, it's application. Okay, now we've got the leading spend B, which is called the Senko spend B. It averages the highest high and the lowest low taken over the past 52 time periods and then plotted 26 periods ahead. Okay. Anyone lost as of now? Everyone good? Okay, cool. Everyone seems to be okay. Okay, so this is what the leading spend A and leading spend B looks like. And the last thing we have not okay. Do you have a question that you need help with? What about the parameters? Hey Salvador, what do you mean by parameters? Well, waiting for you to answer, I'm just going to talk about the cloud first. So the last thing in trading view that you will see is called the plot background. Okay, the plot background is very, very important when you're using the Ichimoku. It's basically the cloud when you're using the Ichimoku cloud indicator. Right. So it is the cloud and it's very important. This cloud works as a form of support and resistance. Okay, so let me just grab my pen so that I can show you guys. Right, whenever price breaks this cloud, it means that it has recently broken the Ichimoku resistance. Okay, and when it has broken the cloud to the downside, it means that it's broken the Ichimoku support. Okay, so it's just a form of support and resistance. Anytime it's within the cloud, its price is a little neutral. Okay, and anytime it has broken, it just means that broken the support resistance. The other thing we want to take note of with the cloud is the thickness of the cloud. Okay, the thicker the cloud is, do you notice how some parts of the cloud is super thick and some parts of the cloud is thinner. That means that the resistance, the strength of the resistance and the support differs based on the size of the cloud. Okay. Okay, this was the default settings I was talking about with Ichimoku. It's 9, 26, 52, and 26. Don't worry about the settings on trading view. We have found that it is effective. You don't have to change it. Right, these default settings are effective and you can continue to use them. Okay, you can see that when we change, this is the lagging span. Right, when we change the lagging span to a higher number, which is, okay, in this example it's 26 and we change it to 36. You can see that the lagging span here goes further from where current price is. Okay. So when you change the settings in trading view, the movements, the lines and the indicators just moves. Okay, but again, just use the default settings. That's good enough. Okay, so now that everyone has kind of a rough idea of what Ichimoku is and what some of the lines mean, we're going to usually how we look for setups and how we trade with Ichimoku is not on its own. I'm not sure if you guys have ever heard this saying, but there's actually a saying where I've heard this from a profitable trader and he said that traders who trade with indicators alone are traders who lose. Okay, so I mean we take that in to keep that in our minds and into consideration, we shouldn't just be using Ichimoku on its own or any other indicator on its own in the best way actually is to be combining indicators with other things with other strategies. So today I'm going to show you guys how to combine Ichimoku with trend lines and fit levels and later maybe it's our resistance. So if the cloud is thin, does that indicate a reversal? Okay, let me just go back to the Ichimoku photo. Okay, no, when the cloud is thin, it does not necessarily indicate a reversal. It just means that the support in this area where the cloud is thin is weaker than the support in this area where the cloud is thin. It means that if price were to get here, price were to get here, it would be easier for price to break in this area than it would be if it was in this area. Okay, so one analogy that I like to use is this. Okay, let's just pretend this guy's name is Bob. Okay, so Bob is pushing a ball. Okay, so Bob is pushing the ball to the right, he's pushing the ball to the right. Every time you reach a support and resistance, we're going to pretend that that support and resistance is a ball. Okay, so if Bob is not a strong person and he's trying to push this heavy door, chances are he's not going to be able to push the door because there's so much barrier with the door, right? So chances are he's going to have to turn back, he's going to give up and he's going to turn back. But if Bob reaches this door and he realizes that this door is light, it's made out of, I don't know, very light wood or plastic. He's going to push this door and he can continue into the next room. So it's similar to charting or like the charts when we think about support and resistance. Okay, if the support is strong or thick, then price will have a harder time. I'm not saying that price will be impossible for price to break strong support resistance. I'm not saying Bob can never get into the other room, but I'm just saying that if the door is heavy, he will have a harder time getting to the other room. Okay, so if the support or resistance is thick or strong, price will have a harder time breaking that support and resistance. So no, a thin cloud does not necessarily mean that price is going to reverse. It just means that when, actually it means that when price gets here, it will not have so much barrier and a hard time breaking and chances of it going to the other side is higher than if it was a thicker cloud. I hope that makes sense. Okay. Yes. Okay, thank you. So yes, again, if, oh, actually now that we're on this analogy, let me continue to explain. So now that Bob is at this door, right? Okay, when we combine our strategies with other indicators, right, let me move on. Okay, combining Ichi Moku with fan line and fibs, right, again Bob trying here, he's trying to push this door, he's trying to push this door. The door alone is the support and resistance. If we have trend lines lining up in the same area, it just represents a 10 kilo rock, for example. If we have fib levels lining up in the same area, it's another 10 kilo rock. So it just gives even more barrier and it will be even harder for Bob to get to the other side and therefore he would need to reverse. Similarly with price, if the support resistance is combined with other things like trend line fib levels indicated at the exact same area, chances of price breaking through to the other side will be hard. Okay, so let's put that theory into, let me show you an example of that theory. Do you guys see how price in this example, right, price is just moving, it's moving and it's moving and now it's at an Ichi Moku resistance. Okay, it's trying to break the cloud, right, it's trying to break the cloud, but we don't know if it's gonna break yet. We just know that it is at an Ichi Moku resistance, that means that price is at a door. Okay, it's at a door. Okay, so Bob is at a door right now. Okay, so what we're going to do is see if there are other things lining up at that door. Like in this case, we have found that there is a descending trend line lining up near to this area. Okay, so this is called a confluence, confluence meaning that there are a lot of things like not in one area. Okay, so we've got this descending trend line. Now we have this descending trend line, we have this Ichi Moku resistance. Let me see. Okay, now we also have the Fibonacci retracement, the 38.2% Fibonacci retracement lining up in this area. So we've got three things at this current point of time lining up in the exact same area, well not exact but close to each other. So my question is, do you think price will be, will have an easy or hard time breaking through and going to the other side or do you think it's more likely that price is going to reverse from you? Can you guys let me know in the chat box so I know if you guys are still following. Exactly. Yes. Okay, cool. Everyone's still following. It's unpredictable, yes, but based on probability, because trading is just a probability game. It's everything we do in trading, there's nothing about trading that's about feelings or I feel like it's price is going to go up, I feel like price is going to go down. Trading is all based on facts and like nothing about it, everything about it is just factual. So when we are deciding whether price is going to go up or go down, our only job as a trader or analyst is to collect information or data from the charts. I mean, if you're just using purely technical analysis, using technical analysis, our job is to collect information on the charts and then come out with what we think is the probable results. The probability, it's the same as, I mean, everything you do in life is just probability. Even crossing the road, there's probability of like, okay, what's the probability of me crossing from one side of the road to the other side of the road without getting hit by a car? If I look left and right, my chances of getting to the other side of the road safely increases. If I use a proper pedestrian crossing, my chances of getting to the other side of the road increases. So our job as traders is just to find probable trades and by using all these indicators, trend lines, indicators, Fibonacci levels, we can find the probability of where we think price is going and that is where we can enter for a buy or a sell. Okay. Would you ever trade counter trend? I personally like to trade the trend. I think trend is your friend. Okay. But that being said, you can also trade counter trend and still be profitable. Okay, there's no one rulebook written black and white anywhere on the planet saying that, okay, you must only trade the trend. You cannot go against the trend. You can still be profitable both sides, right? But I personally as a trader, I prefer going with the trend because I feel like trend will help me get to my take profit. Okay, so based on which timeframe you can use Ichimoku on all timeframes. Okay. Okay, so since majority of you said, some of you said that it might break, right? But you said that price will have a hard time breaking because there is so much barrier here. Let's see what actually happens. Okay, this is an example that we actually got from the charts. Oh, okay. Anyways, what happened was from here price actually reverses, right? Let me get my eraser. So, although it's not in the next slide, but what happens was price came here and actually reverse because there was so much resistance. We not only have the Ichimoku resistance lining up there. We have the descending trend line lining up there. We have the 38.2 Fibonacci retracement line up there. So there was three reasons for us to believe price was going to reverse here and true enough it did. Okay. Yes. Oh, also we had the stochastics. We have the stochastics as well. Another indicators which was saying that there might be a reversal from this area. Okay, sorry that it does show. Okay, and true enough, it does reverses from here. Okay, so based on probability and based on from all the information and data we have collected, we have more reason to believe price was going to reverse from here than to believe that price was going to break from here. Okay, so when it comes to trading, I think that will you be, what will be your stochastic setting? Okay. So getting setting we usually use 21, 5, and 3 because we have found through back testing that this is the most effective settings. Okay. On most charts and most timeframe, but that being said, you shouldn't be too stringent or like too strict on the exact settings you should be using. Do you know what I mean? Like, you should be using the settings that is effective to the timeframe and the charts and the instrument that you're looking at. Okay, so I'll give you an example. Just because using 21, 5, and 3 on the stochastic works really well on XAUUSD on the four hour timeframe, it doesn't mean that same settings is going to work well on like UK oil or something. It's not going to work the same on DJI. Okay, so you just need to use the settings that is effective on the timeframe and the pairs that you are looking at. Okay, for in this case on a general, on generally we use 21, 5, and 3, but if I find that it is not effective, I will just tweak it a little. Okay, I will tweak it to either the default settings or 21, 5, and 3. Okay. It's good to follow a set of rules in trading, but you need to be a little bit more flexible as well. Okay, so there's two ways to use Ichimoku. How do we choose the combinations of indicators to use in trading? So, what I can suggest is to learn as many indicators as you can and see what works best for you. Personally, I like to use Ichimoku, Stochastics, RSI, and MACD. Sometimes I use Bollinger Vents, but ultimately you need to know the strategy that you are using. The strategy, I'm not sure because there's so many, I'm not sure what strategies you are using, but personally the strategy that I use, I like to combine it with these few indicators that I'm saying. There's so many strategies out there on the plan. There's no one strategy that is making everyone profitable. Okay, like, different traders will have different strategies and they might all still be profitable. Okay. So that's on the Stochastics. What does it mean? No, the strategy that we use 21, 5, and 3. So let me just write that down. 21, 5, and 3. Okay, so let's go back to the topic for a while. I'll come and answer your questions in a bit. Okay, so when it comes to Ichimoku, there's two ways that we use it. One is the continuation. We use Ichimoku for continuations and we use it for reversals. Okay, so I'll show you guys how to use reversals first or bounces. Okay, so the first thing we want to ask ourselves is Ichimoku is price respecting Ichimoku. I don't know if those who are here, if you guys want to take a photo or if you want to write this checklist down, I do think that this is a really good checklist to use. I personally have a checklist as well when I trade that I go back and refer to. So if you guys want to take a photo or like just jot this down somewhere, please go ahead. I'm just going to go through. Okay, so we're going to see if it's price respecting Ichimoku. That's the first thing we want to look out for when we're using Ichimoku. The other thing is price respecting any trend lines. Is there any key horizontal support resistance level? Is there, is it near any key Fibonacci levels? Like such as Fibonacci retracement, Fibonacci extension, Fibonacci projection, Fibonacci or Fibonacci expansions. Okay. And where is the next key level it might go to because we're going to use that for our take profit zone. Okay, so we can use horizontal levels as key targets and fine tune with Fibonacci. Okay, I'm not sure how many beginners are in this webinar, but if you are still confused, don't worry, I'm going to go, I will go, I will explain this in detail so that you guys are not too lost. Okay, I'm not sure about you guys, but when I just started learning how to trade or chart technical analysis, it was really not that easy. So for the new ones here, don't worry, we can go through this together. Okay. So way back to our checklist. The first question, the first question that we were supposed to ask ourselves is, is price respecting Ichimoku? Okay, so when we say respecting Ichimoku, the first question we want to ask, where is price? Is it above Ichimoku or below Ichimoku? Can you guys let me know in the chat box so I know if you guys are still following. Does price look like it's above Ichimoku or below Ichimoku to you guys? Okay, cool. You guys are still following. That's the most important. Thanks, Desiree. Thanks, Zhaimu. Thanks, Liam. Okay, so the first question was, is price respecting Ichimoku? Yes, it is respecting Ichimoku. It is below Ichimoku at its current prototype. So again, back to what I said earlier on, if price is below the Ichimoku cloud, it means that price is bearish. If price is above the Ichimoku cloud, it means that price is bullish. Okay, so in this case, because price is below the Ichimoku cloud, we are expecting price to be bearish or moving in a downtrend. So that's one thing. The second thing is, is price respecting any trend line. So in this example, we can see price moving nicely below and a descending trend line. So we've got price moving below the Ichimoku cloud, we've got price moving below the descending trend line. This looks pretty bearish to me right now. The next thing we're going to ask is, is there any key horizontal support and resistance? Okay, horizontal support and resistance are horizontal. It has to be straight this way. So in this case, we've got a horizontal pullback resistance here. Can you see this where the sell entry is? It's lining up exactly where the descending trend line is. It's lining up exactly where the resistance of Ichimoku is. Okay, the next thing we want to ask ourselves is, is there any Ichimoku, sorry, Fibonacci levels that is near. Okay, so in this case, we've got the 23.6 lining up with the horizontal levels and everything else. Okay, and we also have the 38.2 lining up there. Okay, so what does this example show you? If anything, I'm going to have to say that this example is where all the stars line. Okay, this is like one of those really, really amazing traits that if you can find you probably going to be profitable. Okay, because it's very, there's just so many reasons for you to believe that the sell is going to happen from here, right? Because there's so many things lining up there that is telling you that, hey, there is a lot of barriers or there's a lot of resistance in this area, and therefore you can consider to get in for a sell from here. Okay. Okay, so once we have identified all those things that we have talked about, which is Ichimoku trend lines, spot resistance, Fibonacci levels, now we're going to look for our probable take profit area. Okay, so our probable take profit area will usually be the next zone. So when I say the next zone, it's usually the next horizontal support and resistance level. And we fine tune that with Fibonacci levels. Okay, so horizontal support resistance, this is more for the new people here, the new like the beginners here. Horizontal support resistance, the easiest way to find is to look for swing highs and swing lows. Okay, so can you see that there is a, in this example, there is a swing high right here, there is a swing low right here, this is swing low right here. This is the easiest way to spot this. Okay, this, again, more for the new people. Okay. So that this because there's a swing high here where we're going to put our take profit level here at this swing high level. This will be called a horizontal pullback support. This is where we expect price to go to why do we expect price to go there it's because price is very attractive, always attracted to key levels. So horizontal support and resistance are usually the key levels. So how far down would you place the cell inside the channel. Oh, yes, the take profit. The one place you can put, I know in this example the take profit looks like it's very near or short right, whereas the channel actually has so much downwards potential. Why are we only putting our take profit there because on a very conservative level right, we're just trying to secure when we're just trying to secure profit this is more for scalpers. Okay, especially for scalpers, we were just trying to secure some profit we just put our take profit here in this level but it doesn't only have to be this level you can also put it in the next level there's so many levels there's one more level here there's one more level here. Okay, but on the minimal just being very very conservative, you can put your take profit here. Okay, yes, and just nice everything would still line up nicely with our descending channel, which means that there is bearish momentum to push your price down to your take profit area. Okay, as everyone good for now. Everyone good, I am going to move on to the next example. If we finish all the examples in the next. Quickly, we can go into the live charts and hopefully see if that works out nicely. If we can apply this strategy. Okay, so this is another one we've got a descending channel. Oh yes, by the way, guys, you see this link here I don't want to go into the link because we only have like, like 18 minutes left I don't think we have a lot of time. We only won't be able to finish. If we go to this link. Okay, you guys can go into this link. Okay, this, this setup is actually recorded. Okay, you can go into this link and you can watch a replay of this setup and how Desmond caught this. Okay. This is another example. Another example, we've got a descending channel, which lines up price was at the descending channel resistance it lined up nicely with a few Fibonacci levels which is 100, probably 161.8 Fibonacci extension. I think best. I can't post the. I can post the link in the chat at the end of the webinar, right because this slides, you know it's a it's a picture so I can't really copy and paste until I exit and go into the slides. But I think best if you just take a photo for now. How indicators are supported to price action trading in supply demands. Okay, yes, that is a very tricky one. Yes, there are a lot of institutional traders out there trying to trap traders trying to like stop hunts and stuff so I think the solution to that is actually especially when it comes to like stop loss at least right, we can try to give our stop loss bigger breathing space I know what you're saying. Narendra, right, that's very tricky because this is, I think there's something that is out of control to, but the one thing we can do as retail traders is to maybe give our stop loss a bit more breathing space so that we can trap in all the stop hunts and stuff. Okay, so yeah we're going to go into a next example we can see to Fibonacci levels the 161.8 Fibonacci extension and the 50% Fibonacci retracement lining up nicely with the descending channel. Okay. This is called a confluence. This is where we can consider to play the continuation with Ichimoku. Okay. Okay, the next example we're going to go through is playing breakouts with Ichimoku. It is the same as the continuation I mean when it comes to the Chinese, not, not exactly the same but similar. Okay, but the difference is the first thing one asks also, did price cross below or above the Ichimoku recently. Okay, so for those who want to take a picture of this checklist, I strongly recommend you guys to take a picture or maybe like drop this down somewhere. You can just review this later. Okay, so we're going to, when we're looking for breakouts with Ichimoku we're going to ask the price cross below above the Ichimoku. Do we have the Ichimoku momentum on our side, did price break any trend lines, did price break a recent key horizontal level, did price break a recent Fibonacci levels, and we're going to use the same technique that we did in the last, when looking for continuation trades, right. Okay, we're going to look for zones and horizontal levels and we're going to fine tune it with Fibonacci to find our take profit area. Okay. Here's an example of playing the breakout. Do you guys notice how price recently broke the Ichimoku cloud here to the upside. Okay, so that was already our first sign of a possible, it could be a possible trend reversal. It could be just an indication of where trend is. So with price breaking the Ichimoku cloud to the upside, we kind of already have some kind of bias that price is a little bit bullish. Okay, there is momentum that is pushing price upwards. Okay, so that the first thing that we notice with Ichimoku. The second thing we want to ask is, is Ichimoku momentum on our side. So we can see price shooting up here. Okay, we can safely conclude that there is bullish momentum. The next thing we're going to ask is, is there any trend line that has recently was recently broken. So in this example, we can see there wasn't really a trend line that was using local. I'm just going to roughly draw one trend line here. Okay, so there was a trend line that broke here. Okay, which is already another indication that there is bullish momentum. So bullish momentum here, we've got bullish momentum here when price broke the Ichimoku. The second thing we're going to ask, did price recently break any horizontal levels. We can see that in this example, price actually broke this swing high here. All this swing highs. So it broke, which is further confirming that there is definitely bullish pressure or bullish momentum. Okay, so we've got like, just so much, so much reason to believe that it's bullish right now. That means, when we think it's bullish, we should be entering for a buy and we should be looking out for a buy and trade, right. Because ultimately we want to try to play the trend, because trend is different. Okay, the next thing you want to ask is, did it break any Fibonacci levels? For this example, there was no Fibonacci levels. You could probably have plotted a Fibonacci projection here. Maybe something would have lined up to 61.8. Okay, and that would have been broken as well. So this would have given us a lot of reason for believing that there was bullish momentum, right, believing there was bullish momentum, and we could have considered to get in here for a buy. Okay, so if we were really to get in here for a buy, oh, sorry, an example, you can see that the 61.8 was lined up much higher, a little bit more higher than those swing highs. So we're not going to consider that. It's totally fine. Okay, we enter here for a buy and true enough price really does go up to this level, which is where we would have put our take profit to. How to set take profit for breakout out? Yes, cold, cool, not sure if I'm pronouncing your name right. Sorry about that. But again, how we find take profit levels is we looked for the next zone. So when I said the next zone is the next horizontal support and resistance backed with Fibonacci levels. So next, at the very minimal, it should at least be horizontal support and resistance, right, this is at the very minimal to back it up with Fibonacci levels would be even better, at least then you will know the strength of your take profit area. The likelihood of price going to your take profit area. Okay, so in this case we were using this swing high as our take profit. We would have been using this swing high as our take profit area and true enough price went up. Okay, this is another example of using Ichimoku to find breakout trades. So we can see price breaking the Ichimoku cloud here. We can see price breaking the ascending trend line here, which is further confirming that there is bearish momentum. Okay, and we are going to put, and we can also see price breaking this horizontal level here. Okay, so there's three reasons to believe why price is going to go down from here because he has broken so many barriers. So again, back to my ball example earlier on, back to my ball example earlier on just because a door is heavy it doesn't mean it will be impossible for Bob to push the door and go to the other room. Okay, it just means it's harder for him. But if Bob successfully manages to push the door and go to the other room it just means that chances that momentum that Bob has is very strong. In this case, bearish momentum is very strong because it managed to break so many barriers. Okay, so because we think that the bearish momentum is strong we will naturally enter here for a sell. Our take profit area again will be the next zone the next zone being next swing low here we're going to use this as a reference and you can see true enough price really does get to our take profit area. Okay, cool. So this is another one of those links you can go and watch this here. This is how we use it to move to look for breakout trade as well price was below the it to move while it broke the it to move up to the downside. It also broke the 38.2 it also broke the horizontal level here and naturally we would think that price was going down. Okay, and true enough, it does go down. So this is another one of the breakout ones price broke the it to move to cloud here. We are expecting price to break this horizontal swing low here to further confirm the bearish momentum, because it, it recently broke the ascending trend line as well. You can see how price broke a lot of things which is confirming the bearish or bullish momentum, then naturally we will enter here we will want to enter here for a sell once it breaks this area. Okay, so in this case it broke. In this area, you would be able to enter here for sell or the other way you can do is wait for the pullback and then you can continue to enter for the cell. Okay. Another example here, you can see price breaking. Oh, sorry, I've got a question because already they found there's a break of structure and the price goes down. Yes, exactly. Narendra, this is a really, really good way to use. Okay, so another one here you can see price breaking the itchy local cloud here, it broke this horizontal level here. Right. It also broke. And you can see the Fibonacci level here, and you can see, oh, sorry, we expect to see price bouncing at the 23.6 Fibonacci levels where all the breaking was happening. Okay, so true enough, it bounced from there. Sorry, let me just go next slide. It bounced from there and this would have been a really nice trade as well. We've got five minutes left I really want to go on the charts to show you guys how well itchy local works so that you won't think that all of this is theoretical right it actually does happen on the charts very often as well. Okay. If you guys have any questions with five more minutes, you guys can ask in the chat box. If not, I'm going to go straight into the live charts. Okay, so for the purpose of our webinar for today. Right. We need to exit this lights first. It seems to be stuck. Oh, what's going on. Okay, sorry. Okay, cool. Everyone see my charts right. Everyone see my charts right. Cool. Okay, now everyone I think everyone see my charts. We see you. Okay, cool. For the purpose of our webinar today we are going to pull out each move right because today we're only focusing on each move. This is a live chart. Okay, so this is not just examples from the past. It's nice to see examples from past but it's better to be able to apply. The first thing you want to do is pull out the itchy mochoo we need to first again, ask ourselves where is price, where is price so in this case price is above itchy mochoo. This is prices above itchy mochoo cloud which is indicating bullish or bearish can you guys let me know in the chat box so I know you guys are still following me. Okay, thank you. Okay, thanks. Thanks, Chan, thanks RR, thanks Michael, Liam, Derek. Okay, it's indicating bull. Okay, the other thing that makes me think that it's bullish is also because the conversion line is above the baseline. You see that the conversion line is above the baseline which is also indicating bullishness. Thanks Clint. So the next thing we want to do based on our checklist just now which I hope you guys jot down or took a photo or something is we want to know where the position of price is the second thing we're going to know is where are the horizontal levels. So in this case, I do see that there is a horizontal stream right here. So because based on itchy mochoo we're a bit biased that it's bullish. So like naturally naturally we want to look for a buy entry right. Okay, so to confirm our buy entry we need to wait for the break of this horizontal support resistance here right. There's a horizontal resistance here. We want to wait for the break of that. So if price breaks here we now have two reasons to believe that price is bullish. Number one is because sorry I've got three reasons. Number one is because price is above the itchy mochoo cloud. Number two, sorry, is because the conversion line is above the baseline. And number three, it's because price broke the horizontal level, which is confirming or supporting our argument of the buy. Okay. So that's three reasons. In this case, I probably wouldn't be able to find any fit levels. Let me try to see probably based on the structures of this charts definitely wouldn't be able to be too far. If price is to if the Fibonacci levels is too far from your horizontal support resistance, we shouldn't take that into consideration because it's too far it's not giving us it's not relevant to our analysis. So we shouldn't use this. Well, the recording on this webinar being called. Yes, it is recorded. It is recorded. Let me check. And then I will come back to you. Okay, let me check and I'll come back to you. Okay, so in this case we've got just based on itchy mochoo and horizontal levels alone. We're a bit biased off bullishness and looking for a buy but we need to confirm this I'm trying to see if there is any ascending trend line. Okay, I'm trying to see if there's any ascending trend line if anything there was an ascending trend line here. Not the best because it's so steep. Right, this is so steep. There was a break of that ascending trend line, which could have indicated a bit of bearishness. Okay, a bit of bearish pressure. Right. But I don't think you should worry about to this too much. In this case, in this example you SDJPY on the follows it just means that the stars are not aligning as well as on the other examples that we're looking at. Okay, so in this case the things that are our aligning is that price is at a resistance right now where we think for the break of this resistance to confirm the buy. Okay, okay. And it is above the achieve mobile cloud and the conversion line is above the baseline. Okay, setting the take profit and stop also in this case. I did say that you should be looking for horizontal support resistance for your take profit but in this case there are no horizontal resistance that are nearby probably have to like scroll back really far into the past to find it or maybe go to the daily time frame to find it. Okay, even the daily time frame doesn't have it. Okay, so what we're going to do is we are going to use people nachi confluence instead to find out the tape of it. Okay. So we've got the hundred sixty one hundred twenty seven point two people actually retracement that that's a level that price usually goes to it goes to fairly often. Another thing that we want to look at is the 61.8 which is the one that we see it's no. Okay, so I wouldn't say this is a good take profit area. Why because we want to find people nachi confluence area that means we want, we want people actually levels lining up in the exact area or at least close to each other. In this case, this kind of like 100, like this quite a distance so like we can't really pinpoint a nice and clean take profit for this Charles the USDJPY. But yes, let's assume. Okay, let's assume. Let's assume that everything was lining up nicely that the 61.8 was lining up nicely with 127.2. Okay, in this area, right now nicely or at least close to it, I would immediately say that this would be a good take profit. Okay, but in this case, it's not that nice because it's a bit there's a bit of distance. Okay, so I'm just showing this to you guys to show you guys how we usually look for take profit areas but in this. Example it's not that nice. Okay, well, the recording of the webinar be available. Okay, just stay on the line I know we're a past time already but let me just double check and I will. I don't want to give you guys the long info. Okay. But yes, that's how we use Ichimoku. In this case, everything, everything didn't align that great. Right, I have much preferred if like, let me see, there was so it's so happened to have a ascending channel, right, it's so happened to have an ascending channel that was not a proper ascending channel. Oh wait, actually, it could be a good ascending channel because ascending channels require two touches at the bottom and two on top. In this case, although there are two as a bottom two on top we can see that it's not that significant. The touches was very like close to each other and it's not that significant it's not that obvious. Okay, I much prefer more things lining up and I would say this was a good trick but in this case we've only got two things. Hey Antonio and Michael, I can't really give you guys the most accurate answer for now. So what you can do is I it is recorded. I'm just not 100% sure that it will be uploaded. Right. I mean, if it is recorded, it will be definitely uploaded somewhere but I'm not 100% sure where it will be uploaded to. So your best next action you can do from now, the next move you can do from now is to email, email and to ask for the recording. Okay. Okay, that's all I have for you guys. That's all I have for you guys I will catch. I will catch you guys again soon can you for more information can I get in touch with information. Yes. Let me see how you can get in touch with me. Thank you Bob. Okay, some of you know me as Bob. Okay. Okay, that's all I have for you, but I'm sorry to know I'm not sure where I can actually probably my Instagram. Right. You can probably contact me on Instagram. So I can guide you to the correct place once I find out. Okay, so my Instagram. Okay, you can probably just go look for me then. I actually don't have LinkedIn. I should really work on getting my LinkedIn. It's a good trend in the game. I did I did I share with everyone. Did I not share everyone I'm posting in the chat everyone. Okay, there you go. Okay. Has scheduled with this ministry. Thanks. The session continue as scheduled with this one. I'm, I think that's my will be taking you guys next week. Right. We should be also nothing. Okay. There's a reason that they will upload it to YouTube. Okay, so thanks everyone for attending. I will see you guys again. Probably next week or the week after. Okay, bye.