 You see sorry about that Man you started recording snow in testing Sorry guys, we're just doing a bit of a sound check testing one two three testing one two three testing one two three testing one two three testing one two three okay, and Shall also present my Presentation slide right there give me second guys Give you a second guys. I'm just trying this slide over the presentation slide. It's just Doing that for me. Okay, great Okay there guys, let's just begin. Thank you very much guys for attending today's tickmail life market outlook webinar here and Would like to welcome. Thank you guys for attending this webinar today is the 6th of March 2018 and We'll be going over a couple of Trade ideas as well as answer your questions on it. They'll be looking at tickmills empty for account empty for platform. Sorry onto the live charts as well. So it is a live environment, let me Just answer some question there guys. Give me a second brilliant Everybody could see and hear me great. Okay, that's great. So before anything else if you guys don't mind Let me just read this very short This claim are like right here and we shall then begin 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 Okay, so that's it and we shall then begin. I Will present to you the empty for account right here and we'll be going through a couple of trade ideas Like I've mentioned, we'll start off with the USDJPY on your one-hour chart, but right after that visit Euro USD as well, but I'll be Going around with questions on Your current trades as well. Okay, we want to look into a couple of things before anything else. I would like to say that I Mix up both both fundamentals and technicals. Okay, so I do actually Rely on what I hear on the news basically just to look into whether or not the current trend of the instrument Excuse me The current trend of the instrument would be strengthened or not So I'm always looking for whether or not a particular trend will be from strong to stronger Okay, whether it's on the upside or the downside now here, for example, I'll be demonstrating the use of Patterns as well as the drawings of properly drawing support resistant zones and Lastly, but not least is Entering your trade exiting trades By the use of Psychological numbers as well. So here for example very very quickly It's something that we need to do a revision on every time we meet online. Let me just Check on some questions that I may have here. Sorry about that Okay, that's it All right, so one of the first Things is you know to to cluster up at least three time frames and I'm applying the three lines that you see for those who For those of you guys who actually attended today for the first time. I always use the application I mean always would insert the three Exponential moving averages which are the 50 the 50 Exponential moving average the to the hundred as well as the 200. So these are the three, but I only use them to Determine the trend. So what I usually do is to look into the position of candles as well as the way the three lines Are actually moving now. This is what I do very very simply I pick three time frames and these are the one hour four hour in the daily you could always pick Shorter time frames, but the cluster of three like five minutes fifteen minutes and thirty minutes as well But what do you want to do is you want to look for a match in trend? So how do we actually determine the trend based on the three exponential moving averages? Very simple What you would like to do is to look into whether or not the candles current candles like you see here Are they mostly under are they actually trading or lower? Excuse me, are they trading lower and under the three lines? Okay, that's number one number two You need to look at whether or not the three lines are following the current trend So if you've got majority of candles like you see are trading on the downside You've got a majority of the candles are the bearish candles as you can see then you want the three lines to actually Follow the direction meaning to be pointing downwards to towards the floor now What do you could see here is that I've got candles right here in the one-hour chart But the thing about the candles is that it's just too close to the three lines It's not trading under the three lines as you can see like here You've got one candle two candles and more candles just just Diving through diving downwards under all three lines and you see that the three lines here are pointing downwards And they're not entangled or touching each other in any way, okay? So you need them to be separated. Okay, the three of them and you need the The majority of candles to be under all the three lines And then you can actually say that the bias is to the downside or the trend is bearish, okay? But here currently I'm not able to say that confidently on the one-hour chart for what's happening with the candles now Okay, so the candles now as you can see is just too close or now if I if I zoom in a little bit You can see that the current candle has entered the three lines area and it's not trade It's not Trading sorry like all these other lines like all these other candles previously like the one that I have showed you here Okay, so you you see that the candle now. It's actually appreciating. You've got a bullish candle and it's pointing upwards It's it's trending or trading upwards and it's entering the confusion zone right here now I like to call the The area of the three lines right here to actually be sort of an uncertain Type zone. Okay. Now the reason as well is the way the three lines are moving there They're actually moving sideways. So if they are moving sideways, it's not really a good sign in terms of clarity of trend So it is moving sideways it's hinting uncertainty at At the moment for the USDJPY one-hour chart So you need to match that you need to have three time frames that matches with a strong trend So what I mean by that is that if you've got one hour four hour and daily Showing you most of the candles under all three lines or above all three lines and all three time frames matches Then you have got a bit of a clear sort of Trend direction and you've got more time To actually take that trade. Okay, but if you've only got one match You've not matched but you've only got one time one time frame showing you that it's under all three lines or above And then the other two doesn't actually match then you're actually in a sort of a risk whereby the clarity of trend is not there and you might have a low probability of Entering that trade or probably low probability of success and high risk to enter that trade Okay, so I hope that's clear for you guys So in other words if the market is in doubt meaning that the candles are trained Trending or trading sideways and they're inside and within the zone and they're not far under or far above all three lines That means a market is in doubt if the market is in doubt It's probably best for the trader like yourself and me to actually stay out as well So marketing down it's best to stay out. Okay, that's the tip that I would give it to you as a trader Because this would then you know help you to actually draw out patterns or start Trading it in a high probability low risk manner. Okay. I hope that's clear So we've got one hour right there now if I go on to the four-hour chart This is still the USDJPY that we're looking at now We're looking at the four-hour chart now We have got some appreciation of price coming downwards You've got a three lines pointing downwards, which is really good one of the tips that I would actually give it to you today As well as if you could always start off with a zoom out manner first Okay, when you zoom out you could see the whole big picture. You could see that there's a huge You know big Significant trend to the downside you can see that that fall has started from way at the top here and you see how the the reversals have actually respected finding resistance at either one of these three moving averages as well and then they're heading downwards now and you've Got the candles when you zoom in, okay You can then see the USDJPY and four-hour chart prefers all having the bias to the downside Why it's it's found some Resistance right there and then it's heading down and you've got another resistant recent one there and then more resistant here and then you've got the dominance of Barish candles as you can see you have got candles going you've got a big Fall right here and then the appreciation is that much power But then as it comes down again the appreciation start to get less and less that means the upward movement has actually got less and less So that actually gives you a hint that the dominance are by the sellers Okay, the bears so the bears are taking charge as you can see and then you've got less and less Sort of bullish candle or strong bullish candles, but you've got more bearish type candles powerful ones, you know I'll elongated bearish candles that gives you the signal or hints you to the Power of the bears at the moment. So this is what's happening at the moment in the markets Okay, so this is for the USDJPY in the four-hour chart and you can see that now we are trading at one zero six point zero eight So that's our one dollar To one oh six Japanese yen, okay, so this is what we're trading at now. I also look to the right to the left So to the right I usually look at the price now and I would like to look at whether or not is close to any Psychological level now on the one zero six because this is the USDJPY You're looking at the last two digits Not the last two digits the two digits right after the decimal point. So I'm looking at one zero six point zero seven I would omit or just disregard the last digit They're the very last digit and make that one zero six point zero eight. Let's say so it's that zero eight that I'm looking at So if I'm looking at Prizes going downwards and imagine that prices would actually go down much more. Let's say because it may be Bias to the bearish side of it Then if it does actually go down or probably go down to one zero six and point zero seven and down to a zero six Zero five and all that right. So once it does actually go down It would actually reach the closest psychological level, which is the one zero six point zero zero So point zero zero is your psychological level. So it could be four sets of psychological levels Okay, it could be the point zero zero point twenty point fifty and point eighty So these are the four sets of psychological numbers So these psychological numbers for example, it is one zero six point zero zero Let's imagine that it's actually gone down lower and it's reached the one zero six point zero zero That may actually be a Significant or major psychological level. Okay, let me repeat that one zero six zero zero So let's say your intention as a trader is to take a cell position Let's say you've done the the whole ground works due diligence of analyzing the market and you've came up with the with the decision of wanting to sell the market now in terms of price using price levels itself is probably best To look into whether or not you are selling under the psychological numbers at least by 10 pips So if I were to look into one zero six point zero six now as a price as it goes lower It would reach you one zero six zero zero psychological number So I wouldn't be entering a cell Let's say because it's not at the right price. The right price would be one zero six point zero zero and under it Okay, so it should be under one zero six zero zero, which would give you a better price a selling price would be one zero five point nine zero instead So one zero five point nine zero would be under at least by 10 pips or so under the one zero six point zero zero Psychological level the reason is because once you actually consider entering or exit At the psychological levels, whether it's 20 the zero zero the 50 or the 80 These are areas that Reversals could actually happen within 10 pips or so hence the reason it wouldn't be an ideal Entry or exit price too close to the psychological numbers So when it comes to psychological numbers is probably for you to sell at least 10 pips under any one Of the psychological numbers that is closest to the current price or if you are if you would wish to buy then the buy price Would ideally be 10 pips above the psychological numbers We'll get to that as well on the other examples that we have today for you based on the life markets and the other Instruments so here for example We're looking at all these things all the Criterias of a sort of a like a downtrend bias at the moment for usd jpy So as we look at this whole angle as well, you just have got many touch points resistant here resistance and resistance So that actually Gives you the hint that they are more, you know high lower highs and lower lows So that lower highs lower lows got high there and then a lower high lower high lower much much lower highs That is just giving you that By so the downside the momentum is looking like it's picking up to the downside as opposed to the upside Okay, so let's match that for our and see whether or not when you go on to the daily chart You have got that strength of trend being backed up by the daily chart Okay, when you look into the daily chart What you could also do is that you could look into one hour as let's say a short term Your four hours your medium term and your daily is your long term now The thing as well is with in within the forex market mean trading with Tickmail as well and you are looking into one thing to actually be successful And the success of forex trading should actually never just be Reliant upon just strategies because any strategies for example no matter how good they are They probably would entail only about 10% of the entire process of successfully trading forex The remaining like 30 plus percent would actually be You know your Your money management and risk management side of things, you know your lot sizing and that's something we cover on Thursdays as well of a tutorial side of it, which was last week and Upcoming one this coming Thursday would be going into a different topic as well But all of it should actually relate to help you come up with a you know a good approach to the market And also to include it in your trade plan So this is basically really important for you to to understand that 30 plus percent would be the money risk management side and then I would say More than 50 plus percent almost 60 percent would actually entail the psychology of trading and the psychology of You know understanding how you could be you know Mentally sort of balancing and in understanding how you actually balance up your approach, you know as well So that that is basically the key ingredient as well to To encourage discipline and patience. Okay, so we'll go to that much more in the tutorial section coming So at this moment of time when you go into the usd jpy on a daily chart, so it's just giving you more Bias to the downside as you can see this is quite a clear sort of downtrend as you can see the majority of the candles are dominated by bearish candles And majority of candles are trading quite far off quite far under all three lines as well And the three lines are not touching each other this end here Maybe a little bit at the you know previously there, but then it's breaking out You know it's having sort of like split ends and split ends are good They don't they're not supposed in the in training split ends are good. Okay So here they're not touching each other. You know, they're not entangled to one another. That's a good sign And we're looking at it pointing downwards. So on the daily chart It's quite a clear build up of downtrend here with the usd jpy on a daily chart Okay, so here we could say that on the daily chart and along our term side of it You've got a strength to the downside as we go back onto the four hour chart right here for usd jpy It may be just building up right here. And as you go into the one hour chart It's just a little bit unpredictable. Maybe a waiting for a breakout kind of thing. So If it does actually go up, you know, just you know Traveling or trending sideways here. Well, once it breaks out under the three lines That would then match up four hour and daily to actually be, you know, stronger to the downside So at this stage, it's probably not the right time or right enough time to actually enter the trade for the usd jpy As the trend is really not clear and the price is not really right for the selling to go on as well Okay, so why not we go on to lower time frame? Let's see what happens on lower time frame, meaning if you've got lower equity level, you know, 100 to 500 sort of It's probably best for you to you know, when you do your analysis and draw patterns or support resistant zones aligned It's probably best for you to pick the cluster of three lower time frames like the five minutes, 15 minutes and 30 minutes But when you are comparing the trend, you could always travel from five minutes right up to daily or even weekly monthly It's not really a problem. The more matches you get consecutively the better The better it would be because the clarity of trend and the strength of trend would actually be really, really critical before you Proceed further into analyzing the market or even drawing patterns or anything else. Okay All right, so here for example, you have got that appreciation of prices You've got uncertainty even on the five minute chart for usd jpy at this moment of time Now as you go on to the 15 minutes chart, it's the same thing and that uncertainty has built up from the five minute chart Right down to 15 minutes and then 30 minutes as well and then one hour So as you can see that this is telling you from short to about a short term Especially intraday type As well as up to the one hour chart is just giving you lots of uncertainties hasn't actually broken out yet So it's a bit too early for you because the market is in doubt So if you're looking into entering the market like at this moment of time even for any time frame that you look at It's just going to be quite risky for you. That actually means like it says though You're sticking your finger into a spinning washing machine. So that is just not a good idea Okay for you to do that. So at this stage, it's the same for trading So here you you want the market to settle down give you a better picture a stronger picture of the trend Only then you can look into drawing a clearer pattern and your pattern that you draw whether the geometric pattern or Any other analysis basically would actually be higher probability and lower risk And this is basically what we want because if we enter into high problem high risk and low probability traits What would happen then is that you might not last in the game That long so that actually means that you know, it'd be taken out more often than you are winning And that taken out by stop losses and things like that wouldn't be a good motivation psychology for you as well as a trader Okay, so you've got a usd jpy right there covered. I'm just going to Do that here Switch that to the euro usd because I've got quite a number of questions about euro usd today Among students as well. So let's just look into that It's also the most straight up pair right there And here for example, if I go into the one hour chart, you have got that build up momentum at a glance You can see that okay the bias could be on the upside wine because you have got higher highs and higher lows as well That's one number two. You've got all these candles are building up It's momentum to the upside and they're above all three lines Now the three lines are splitting open but not as clear and as strong So we could say that it's just building up quite well in terms of the upward trend So here I would like to at a glance just throw you a pattern so that I can explain what I have just done So I can start off one here What I'm doing now is that let's say if I'm looking into an uptrend Then I would like to look for bullish type pattern bullish type pattern will help me Sort of make a forecast on how high the prices could actually go up to so one of the ways is to use geometric patterns But we start off with abcd type pattern before we convert it into a geometric pattern. So here for example If I pull the fibonacci from you pull your fibonacci usually From the direction of the trend so the trend has started from the bottom To the up to the higher right here. So you are pulling your fibonacci from the bottom to the high as well Okay here and I would like to look at that correction fall Has it actually landed on any fibonacci level and the minimum should actually be 38.2 And here I would say that okay, you've got a test right here Now you've got another point right here and the price pushed up So I would like to use the 38.2 Type fibonacci ratio Okay, so I'll take that one there and I like it when I actually see that the c point has actually Touch or found supported either one of that Level right there. So here I've got an a here b here in a c and what I'm actually doing now is I'm trying to make a bit Of a forecast to know how far the price could be projected to and what I do is very simple You take that ab line that you've just drawn and you project that from the c point Which was just there right and that give you the end Of where our price for euro usd could be actually reaching towards to Based on this pattern right here. So it's very simple, isn't it? You've got an ab BC and cd and that is just a chart pattern an abcd or a lightning bolt type pattern This is called a bullish abcd pattern. It's not yet the geometric pattern Now the geometric pattern will only be after you've converted it by drawing a single line from a Right to the d point right there. So you've got a sharp angle right there and that is where d could potentially reach Okay, and if you've actually entered the the euro usd earlier on thinking that Let's say you've made a An analysis and you found that three time frames have actually matched and they were strong in uptrend Then you want to draw a bullish pattern to actually Go into it to trade a buy on the euro usd But where do you actually do that that starting point? entry Hence the reason we actually convert that abcd pattern into a geometric pattern Which gives you that center area right here the Intersection between the a to d line and the b to c line gives you that x right there in the middle so that Middle area or zone Is called the centroid that i've just Put an under Horizontal line right there and i'm going to change the color to rate just to give you a differentiation of the colors okay And I found that you know over the years i've been introduced to this kind of trading I've tweaked it from harmonic type patterns into my own type pattern that's called a geometric pattern So here for example, I found that this center point that i've just done would actually not only give you a hint Of where you could actually enter the market But you need to of course tweak that to psychological numbers and things like that I also found out that you know that send the point as as simple as it is Would actually also give you a the potential of significant support resistance. So Automatically when you follow that rate line, you could see that you've got concentration of support concentration of candles you've got various support and Let's say you could see a lot of touch points there. You've got a support right there. You've got some resistance right there as I go on to higher time frame as well and Zoom out. I would like to see That significance right there as well and you've got more support and resistance and concentration of price big mover right there as well And more support right on the dot as well. So that actually have you know motivated me to study it deeper look into many many charts thousands of charts looking at the significance and respond of the What do you call that? Centroid area. So here we are just looking at that. Okay, that One hour chart euro USD. We're looking at the potential of prizes to go to that area right there But this pattern is well and good Really nice to see the pattern But we have not actually looking to four hour and daily to look at whether or not we've got the strength of trend to the upside Because this is what's going to determine whether or not your price could really reach that area right there Is the trend strength of a trend whether the the uptrend is getting strong Is is from strong to stronger or not that's basically it Okay, so if we go on to the four hour chart right here, you can see that you have got Sideways right there not really nice on the three lines But you've got candles above all three lines. So the two needs to match to give you high probability low risk So at this moment, yes, you've only got the candles appreciating and appreciating Further up or above the three lines, but you've not got the three lines to give you the backup of the strength of the trend So you could still trade that but it's going to be you know It needs to measure you need to measure your own risk appetite and willing to take the risk or not Okay, so that's basically it's really really important that you do that So here for example, if you go into the daily chart, yes, you've got that push to the upside You've got candles is beginning to found to have found support and then they are trading upwards The way the three lines are moving are not too bad If you actually zoom out a little bit, you can see that you've got some good angles You know it is picking up to the upside so the daily chart long term is looking quite good in the euro USD It's not that the euro is too much It's not too much of the euro performing really well It's because of the weakness of the dollar at the moment You've got a trade war is actually going on at this moment of time as we speak You've got trump policies on exports on imports, especially so they're you know gearing towards wanting to You know just put on tariffs at the moment on imports so now There's a trade war going on between the US and The eurozone especially with Germany because of German cars luxury cars Mercedes BMWs and all that huge market Are coming from the states for the Germans, but then The americans are You know imposing the tariffs and the tariffs are going to really You know cause The europeans to retaliate so there would be some geopolitical factors coming out of there So there'll be sort of a trade war back and forth kind of thing So that's actually hurting the position of the US at this moment of time And hence the reason because of that relationship thing that is going on globally That is giving a very big impact on dollar at this moment of time. Okay, and together with that We've also got unpredictable economic sorry political situation in Italy with a voting of a You know an alternate party as well winning it So that kind of thing sort of giving it that but that's still not considered by the market as Too big an impact compared to what's going on in the states the tariffs and things like that Okay, because it's it's going to sort of really damage loads of global Business connections as well between the US and its import and export partners. Okay. All right. There you go So we've got some question here. Let's just see Okay, let's see Oh, we've got A question from Paul That's okay. Paul you missed Thursday's one. It's no problem. Okay. Hi there, Paul and you from Nigeria brilliant You've got two questions. One of your question is If you were to sell the the dollar versus the yen USDJPY Considering the psychological number below 10600, which is 10590, correct You are looking into no once you've actually considered that one level You are not looking at the other psychological level anymore You're actually going to be looking into the patents. Okay, so it's it's sort of my style type trading Is I look into the pattern to give me the the end picture of where the TP could actually be Because once you've actually sold at your 105 80 then we are looking at let's say here. We're still let's go back to the USDJPY. Yeah Where is the USDJPY? Ah, I think I've replaced that. Okay, so second Okay, I'll give you a sample. This one here is AUD USD. Let's say right, but that's got You know four decimals after the point. So if I've adjusted my entry, let's say I'm looking at My exit right there. Correct. So let's just change the USDJPY. Perhaps. Let's just do that Give me a second. Okay So I've got my USDJPY right there and let's say we're looking into Okay, let's do a bit of an analysis based on the psychological number itself. Yeah, so here for example Let's say the price for USDJPY. You have got it. We're going to make it really simple. You're you're looking at 106.01 Okay, so 01 let's say As 01 goes up and up and up the next psychological number that it would actually bump into first Would be 106.20. That is the next one up But the the one that's below it is just so close about one paper something like that away from 106.00 correct So what you can do always is to just draw The psychological level that is under it under the current price and the psychological level that's above the price Okay, so this is just to make it really simple for you to understand Where you are at as a trader with the current price. So where the current price is at is it actually sandwiched Very closely between two psychological numbers one above and one below. So 105 Okay, let's say now We have got You've got 105 Now prices actually has moved to 00 right? So let's say we don't take the 00 Psychological number but under the 00 the next level down as a psychological number would be 105 80 correct So i'm just putting one below which is 80 Okay, that is the psychological level that's under the current price What about above the current price would actually be 106.20 Okay, 106.00 As well, but it's just too close. We'll just take 20 as well. Okay, so 106 Just like a safe type level in terms of Looking at the the visually and looking at the current price and right in between sandwich between the two Psychological levels. Okay. So here it will keep you safer in knowing that if you're considering a buy trade Trade it's probably best for you to consider it once price has actually gone through pierces through the top Psychological level and heading upwards But as it heads upwards it needs to also be above all three lines all three Exponential moving average then it would signal the bullish momentum or bullishness of the trend if for example, it goes lower and lower and it pierces through this Lowest line to the downside that would give you the hint of a bearish Momentum or bearish trend and once it's under it and it's also under under that psychological level and Further away and below the three lines under all three lines. That means it's giving you the hint of a bearish trend I hope that's clear. So what you can actually do very simply is always look at the price now And line up one psychological level at the very top of the current price and one at the bottom Just closely not really far away. Okay, so like that it would give you a visual effect And knowing that your current price at this moment of time is not giving you a good hint to enter the market because it's sandwiched In between two psychological level it need to it needs to break out of it And then give you a better clearer trend direction that it wishes to take Okay, we follow the market We cannot we need to follow the logic of the market not our logic in trading the forex market Okay, so I hope that's clear for you Paul. Is that does that actually make sense? Yes, because you are only adjusting it once. Okay, and then uh, you are looking into What you call that adjusting it based on the tp like for example here, I'll give you an example we go on to AUD USD let's say right This is a current trade that has already hit its tp So I've drawn that ab equal cd and and I've drawn the center point and I've actually Wanting to enter above that I have entered basically This was a very good trade. You know, it's a successful abcd pattern. It gave me about Almost 50 pips right there. Okay, so Let's say I've marked that center point centroid ideal entry to be at that center area of 77 74 correct So let's take the four decimal places So I I'll take it at 7774 and I I would focus on the number 74. Let's say I wanted to to buy I wouldn't buy at 7774 because as prices go up It would actually be close to the 80 Psychological number. So if you want to buy you need to buy above the psychological number If you want to sell you need to sell below the psychological number by at least 10 pips Okay, so if I want to buy I need to buy At least 10 pips at 10 pips above at least of the psychological level So here the closest psychological level that I would bump to as price goes up Okay from 7742 7774 as it goes up it goes to 75s and six and so on and so forth But it will reach the closest psychological level at 7780 correct So 80 is not where I would like to buy and that is like the closest psychological level So I need to plus 10 pips. So 80 plus 10 is 90. So my ideal buying price would only be I'll just give you this as a sample. So you get an idea of how I enter with psychological levels 1.7790 All right, so once I've done this adjustment, I shouldn't worry about 10 pips above this 90 will be 7800 No, I don't I don't need to worry about that. Okay Because you are now based on you'll only adjust the psychological level only once in terms of your entry price Okay, now you're aiming it with this pattern. You're aiming it here Okay, so because you've used the ab right there equal cd correct Okay, so that has actually given a projection possible Reach of a u d usd to that level right there and it pointed out to 7 8 23 7 8 23 wouldn't be a level. I will take my profit y 7 8 23 Is just too close to 20 because I would reach the 20 psychological number first before I reach 7 8 23 But I need to exit you need to exit before price reaches the psychological level What was the psychological level right there closest to your projected price? It's 7 8 20 Now 20 is not where I would like my tp to be. I need it to be under 10 pips under the 20 that means 10 pips before the 23 Not 23 20. Okay, so 10 pips before the 20 so 20 minus 10 is 10 So 7 8 10 would be my ideal and exit or tp Okay, so this is based on the principles of psychological numbers. So 1 point not 1 0 point 0.78 10 so you're just adjusting that As simple as that and you would have exited at 7 8 10 you would have entered at 7 7 90 Now, what about your stop loss now stop loss? with the Principles or methods of geometric trading what I have actually simplified it to be is just using your Fibonacci So when you pull your Fibonacci from your a to b remember a to b of the pattern You are looking at 67 percent and your 67 percent is right here And this would give you a ready stop loss level. So your stop loss level based on the pattern on this simple abcd lightning bolt or this abcd Tight pattern bullish or bearish is 67 percent of a to b and it would be the same It would be the same for you Whether it is a downtrend type pattern or an uptrend pattern. Okay, so 67 percent that would be your stop loss right there So your stop loss my stop loss would have been right there. Okay 67 percent of a to b Okay, hope you guys got that That's your sl right there This is based on a previous trade. Okay, just just now just today. So that has actually reached the tp really nicely generated quite a good number of pips as well And it was generated by the strength of the a u d reaching its tp a u d's factors. Okay. All right, so Paul that's clear. That's brilliant. Thank you so much for that 7 7 90 Uh 7 7 yes, uh 1.7790 was the Area of uh by entry 0.7790. You are right. I think that was a typo right there. Sorry about that So let me just adjust that very quickly Zero point. Yeah, we'll just remove that So there you go Okay, that should make better sense. All right then a u d usd now with Let's just see whether we've got more samples. I've also got, um, you know, various pattern types here, so I do share with most of the most tick mill attendees of the webinars where I actually post daily What do you call that geometric trade ideas as well? And that's on fx geometry.com I'll just type that one there. So you can easily Ask questions as well. Now with regards to with regards to, um To questions, you can always just email it to chris. Okay at tickmail.com and chris would then forward all queries or anything that you're not sure about whether it's got to do with what we've discussed here today as well as any What do you call that questions on your account or a trading platform of tickmail? Okay, so that's basically it now here. I have got let me see You've got that now pulled brilliant. Um, okay the last line, uh, evidence, uh Where do you actually draw it from you mean evidence? Is that correct? The last line the last line you mean the projection of where? Okay. We can always go back Let's say AUD USD was so this last line here The last line is when you actually attach your A To the D to find your entry ideal entry area right here But it should be if you are buying you're buying above that that center point We call it the centroid if you're talking about your D How you project that area right there? You're taking your ab's length to equal your CD's length right there to actually project that Does that make sense? Is it clearer now? You guys okay? All right. Does that make um Sense Evan. Yeah, is that all right? Okay There we go. So, uh, we've got that uh done now in the AUD USD I mean we're just waiting for that, uh, you know download for the moment But I want to share with you guys on a couple of other trade ideas that I have so Here for example, uh, let's just go on to yeah, let's give me a second guys. We've got questions. Um, Evans, uh You're saying that Before the bullish candles It doesn't really matter. I mean, it's uh, I mean, let me just go back to the give me a second I mean It doesn't matter which actually candle. It's actually the the low Yeah, the low or the high. Yeah, so we've got a low right here Okay, got the low right here And it it went up to this high right here and made a correction to this low right here and that's it We don't really look into the candles or anything like that But most importantly is to look at where the c point has actually landed as well So if I pull my a to b I need to look at The c point needs to lend at any one of the Fibonacci levels or Fibonacci ratios. Okay, but it need to Be lending at the minimum of 38.2 Okay, and the maximum of 88.6 percent, but here is it landed at 50 50 percent So that's good enough. Um, and you just want majority of candles or it's just you know, um, sort of landed on to very close to the Fibonacci level and that's That's enough. Yeah, we don't really need to analyze this is really not necessary to analyze deeply the candles at this stage If you're trading with patterns Okay, because the patterns They are price patterns So they have actually factored in the movement of prizes And the prizes comes to you price action comes to you in a in the form of shapes So you've got triangles, you know and squares basically because once you've actually have got The the lines attached like this. This would then give you A geometric type shape and it's made up of four triangles. Let's say It could also be You know the diamond type shape with four angles as well sort of like a trapezium type Sorry like a You know kind of square type, but then when you extend Basically, um the lines Let's say for example here You're extending it like here for example and you Do the right drawings based on Fibonacci and this is actually a triangle with 90 degrees right here and that itself would give you a sort of A rectangle that would give you some price action as well So if I demonstrate this to you, maybe you'll get a bit of an idea If I get rid of that, let's say and I get rid of that, okay And we have got some squares right here, right and that made up of the triangle right there But then if I if I cross this one right here Okay You cross this one for example right there That middle area right here could be very significant as well. Okay, so if I Do that and I can see That it's price action here as well. Okay, you've got Right on the dot of that is this area here Let's say and a couple of things so it is really important to look at that But you know, it's not necessary for us to really go into all these drawings But to systematically just look into an abcd pattern would actually be ideal. So you are looking at Let me just get rid of that Okay, and get rid of that There so that is the pattern that you would like to look at is a simple abcd pattern But inside that kind of pattern It would actually factor in all kind of shapes mainly triangles and squares Okay, so this is basically it. So we want to focus on Converting this simple abcd pattern into a geometric shape, which is a to d Okay, so that itself would actually give you a very good Sort of an idea of how it could be. So for you guys who are actually really interested in the geometric shape And in the geometric trading pattern geometric patterns, you can join me on Thursday I'll do a tutorial on Thursday more Digging deep into the geometric patterns. So you can get an idea of how we combine all that with what we have actually thought so far In the previous three Thursdays. Okay, we combine all that together Okay, so hope that's clear for you Evans. Is that okay or you've got more questions? Okay, now what's what's really important is when you choose a low and you pull your a to b The c-point is really important. That means the c-point Shouldn't actually float between two Fibonacci ratio Should actually lend onto one Fibonacci ratio at least and a minimum of 38.2% Fibonacci Um Sheila Hopefully I I'm going to be releasing a book soon Is just that it's all self sort of discovered type method here. You won't be able to find it online But you'll be able to find some Some, you know ebooks that I've got as well as references on fx geometry.com. So you could kindly go on to Um www.fxgeometry okay, fxgeometry.com And uh, basically this is where you could actually find more information. Okay, so there you go. I've sent that through So, uh, also do check out the, um You know, uh, the follow-up of this webinar by by, uh, tick mill In terms of the analysis that I'm done and they usually get posted You know as a daily trade ideas on fx geometry on the geometric analysis section under market insights Okay, so I do tie them up With all the presentations that I have for tick mill to actually have it There so that you can actually read about it and have daily trade ideas as well to be shared and guided upon Okay All right, but for any questions at all including, uh, you know questions about what I've said What I've mentioned today as well do email it to chris at tick mill dot Co.uk. I think it's chris at tick mill dot com. You could try go dot co.uk All right guys okay, um Sheila another thing with regards to books you can always look up, um, a Harmonic patterns, uh, they are actually quite close, but I've tweaked it and simplified The drawing of patterns or anybody of any age group could actually draw it So hence the reason I've used the references of geometric patterns Of harmonic patterns, and I've tweaked it into simplified geometric patterns instead Okay, and the use of triangles and squares Okay guys, um Have you guys got any questions with regards to pairs that you would wish to see? Any instruments that you would wish for me to actually, uh, maybe Guide you on to draw Patterns on we've also got the gbp The gbp Dot gbp versus the zarn to south african rent as well. We have seen that we've got an abcd pattern But this is an advance. We call it a z like pattern or a five dash zero pattern We've got geometric traits with it as well. So what we're expecting is a little bit of a Appreciation of price very soon because it has ended at the d area right here. So we're looking at a possible sort of movement to the upside At this level here at 1643 Okay, 1643.1 16 Okay, so I take the last digit out and I look at 4 3 1 6 and look at the last two digits of 4 3 1 6 Which is 1 6 uh to tweak the psychological levels Nz d c ad. Okay, let's look at nz d c ad. Um, it's quite an interesting one. Yeah, so let's look at Nz d c ad that is yeah Give me a second There we go. We'll start off with the one hour chart first. Okay Tlali we're looking to nz d c ad now nz d c ad at a glance when you look into it You see the way the three lines are moving upwards They are separated from one another really good sign together with the candles quite far above From the three lines and it's pointing towards the sky and it's got a nice angle as well So the bias is to the upside nz d c ad. It's got a strong trend to the upside. Okay, so here for example We are looking at when we zoom in we see that the strengths of the upside We've got dominance by bullish candles as well. Let us just compare now With the four hour and the daily to see how strong that trend could actually last as well So here you still have that same that's similar sort of Trend to the upside and then we go to the daily chart as well And we see that yes, it's looking not too bad on the daily as well and but you've got a bit of a sort of what you call that Going on there for the long term, which is the daily So it's telling you that okay, you've got to watch out for certain levels So if I go into the four hours, let's just draw out your risk area first Okay, as you can see it's starting to weaken now right on the four hour chart So what do you do is that when you look when you look at the price of the candle now I mean price of NZCAD now as the price You know moves up now as it moves up you are interested to be a buyer correct because you would like to know How much more would it actually move up to? And if you are the buyer, you need to look out for the sellers That means it at which angle at which level sorry Which level at which zone the sellers can actually take you out of the market So what you need to do is you need to look left now looking left It's one of the most important thing when you're actually trading when you look left You want to look at a very significant resistant level in the past in the past Okay, so you just scroll, you know take your time scroll You don't need to rush at this point because you want to make a you know a good clear decision now here as you can see At this level here, you could see that price now This horizontal little line is the price now and it's pointing towards previous line previous Where prices has actually fallen Quite a lot significantly it took some time And it fallen about you know almost 700 pips is 680 pips or so Okay, so that is quite a significant drop at some moment of time and when was that that was actually Uh sometime in july uh last year Okay, so that was a significant drop So you need to respect that area right there as a potential Resistance zone. So what do you do is you draw two lines Uh for a resistance zone you draw one on the highest body of the candle and one On that is based on that family of candles right up there that the high area Okay, and one more line right at the very top that actually means the highest uh weak Okay, so the highest weak in the highest body of the candle Then you've got two lines once you've got two lines, then you're actually safer to look at that line Um these lines as your potential resistance zone Okay, so what that needs what what I mean by that is you need prices to go past and through this Two lines and go above the psychological level as well. So that the top line right there Okay, it's at 9 4 1 6 correct. So 9 4 1 6 we we get the last digit out now 9 4 1 6 Focus on the 16 focus on 1 6 alone as 1 6 goes up 1 6 goes up to 17 18 and all that It'll bump into the closest psychological number, which is 9 For 20 so 20 is your closest psychological number up above. Okay, so it needs to pass through the 20 Now look at where it stopped here highest weak highest weak stop at 94 30. Okay So what happens is that you need prices to go above 94 20 Up and up at least about 10 pips which leads you to 94 30 and above So once prices has gone up again pierces through these two lines Goes up and go above 94 30 Then you could actually look into more bias to the upside at this stage its prices still trapped So it needs to you know, show you that it's going towards a downtrend only after it goes Under 94 0 0 so under 94 0 0 towards 93 9 0 Then you've got more to the downside at this moment of time. We have got A significant resistance zone right here So for those who are thinking of buying now or buying anytime soon before prices goes out of this blue zone It's a really very very risky Okay, so it is still showing you sort of a uptrend type momentum But if you want to write the uptrend you need to buy it at the right price So you need prices to actually go above 94 30 and above Okay, but as it goes 94 30 and above it would meet the 94 50 as well So it's a really really important for you to actually look into significant significant levels to the left Okay, so as you can see Look at what's going on here As you line up the three lines significant Resistance you have got another significant resistance all the way through here, right? So you see how price have actually dropped all the way down Now that is a very significant drop from this point where prices Is at at the moment right down to the low here that 700 plus pips Okay in the past so it took a lot of time as well And it went down that significantly and now price is exactly at that zone So you see there's like a cup like handle right there like a cup like pattern as well So here I think it's probably best for you to wait and look at what's going on because this kind of cup like pattern as well might communicate Or communicate hints that it might want to fall at least 50 percent of this this length right here Okay, so not yet because what happens is that in a cup like type handle here It would most probably let me just see This is like a sort of cup like handle a cup like pattern. Okay, so what usually happens is that It'll meet up at this area right here, which is the mouth of the cup the blue zone is like the mouth of the cup So what happens is that if it does actually depreciate further and has reason to come down It usually comes down to form the handle of the cup and the handle of the cup is usually 50 percent Of this what do you call that? The base the 50 percent of the base From the base to the mouth of the cup so somewhere in the middle So what you do is that you take your Fibonacci And you pull it from this Bottom of the cup the lowest level here right up to the top area there once once prices have started to drop So once prices have started to drop then it would it would then mean that if it starts to drop and go under the 94 00 and in towards 93 50 and then lower that actually means that it the market wants to form that that handle of this cup If not, then this cup and handle would actually just fail and then it would just you know go up much more But then it does look like there may be a potential of a cup and handle type You can always type onto google cup and handle pattern and you could see there's a lot of examples right there Gives you all the criteria as well. So this might actually happen But what I usually do is in a cup Pattern like this, you know, I would then trade the abcd like that. Okay another abcd here Perhaps another abcd here. So there are many abcds inside the right side of the cup as well So that's basically it and then I would then you know combine your geometric type pattern on there Yes Of course, we could actually get you could get the recording you would need to You know, I'll contact your account manager to actually request for your recording and we all the all the videos are recorded all the webinars are recorded Yes Okay, is that clear? Yeah, does that give you a bit of an insight of your current NZD CAD? position For your trade. Is that okay? All right, most welcome to Lali good So, yeah, that's just giving you that kind of hint, you know But you need to look at the prices as well and just to make sure that it has gone past and above The psychological level at least by 10 pips to give you hints of the upside type movement or an ideal buy type price Okay All right, I think That's all I've got for you guys any other questions guys if you guys got any questions for me anything that's not really clear Don't worry about the, you know, sort of the approach and the techniques or methods So we can always we will be covering those as I mentioned this coming Thursday on the geometric patterns itself On Thursday the same time so Thursdays would be tutorials day. So you could always just You know join that on Thursday and or contact your account manager if you've missed that and We will focus on the topic itself. Okay All right Hi there Evans. Yes, because the the thing about the the courses especially is that I would be asking you, you know, a 20 question quiz as well for you to be eligible to get the certificate from tickmail And basically for the course so we're talking about the course on Thursdays What happens is that once you're a client of tickmail you you are eligible to get all the recordings and The certificate as well once you have passed at least 80 percent of the quiz questions. So This coming Thursday would be the third The third session so the course would be four sessions. So once next week we have the last Session Thursday, then the following Thursday I'll be will be sending out the quiz questions and once you have filled up, you know Answered all the quiz questions. You've got a passing mark of 80 percent You're able to get all the recordings eligible for all the recordings as well as the certificate to be sent to you as well Once you're a client with tickmail. Okay Yes, hi there and dealer you can email it to chris at tickmail.com. Yeah, so I'm just sending that to you guys again And please email Chris at tickmail chris at tickmail t i c k l i double l dot com and request for your For your videos and you can always, you know Get guidance from chris as well with regards to account types That you would wish to open with As well as you know, anything that's Concerning account or anything has got to do with tickmail Okay All right Okay, the guys I think that's all I've got for you guys. I really appreciate your time in joining me at this time And we'll be seeing you on thursday for those of you guys interested for the course. I mean we'll be going on to chart geometric patterns going through the Centroid drawing loads of patterns life on the market and going through the trade plan as well So do join me on thursday this coming thursday and We will be going through that and also for tuesday's life the tuesday for Market outlook life. You can join me on tuesday's thursday's are for courses. Okay part of the course program Okay, they guys Yes, we would actually come up with more what you can do is that you know Send your request to uh chris at tickmail.com if you have got Suggestions of topics as well and we are trying to gather up topics that is mostly in demand For you guys to help you guys in trading. So do email chris at tickmail.com express your interest in having more courses By myself and also Suggested topics Okay guys All right there guys you guys have been wonderful To join me tonight in this webinar. I would like to say a big thank you to you guys and We'll see you guys again tuesdays for the life market and thursdays for the part of the courses Okay, guys once again. Thank you and have a have a lovely night. Bye. Bye