 all right guys good morning good afternoon good evening can everyone hear me and see my screen yes yes okay good good good uh how's everybody good good any new people here today anyone that hasn't uh been here before i can see your voice and hear your screen vignesh had some pips today good good new people fabian paulo hi yaha yaya okay michael keng first to this webinar okay okay money first time in the conference room but seeing you on youtube okay so what we're going to do here today is we're going to discuss one of the most critical things in forex okay if you do not know this you're not going to make it in forex i can guarantee you that okay so it's a very critical thing and i'm gonna i'm gonna explain to you guys exactly how to do it um like you know tutorials tip by tip everything i'm gonna have you guys do it and then we're gonna make it interactive to make sure that everyone's on the same page and towards the end we'll go through uh questions and answers or any repeats that you guys need me to do the webinar is going to be approximately one hour long and yes this will be on youtube as well um for those of you who are watching this on youtube please make sure to comment and like right below the video and let's get started let's get started here now what is support and resistance what does support and resistance mean let's get into that first a theory of support and resistance walls very good okay it's nothing but a wall okay now if i have a two by four a wall um can you break through it yes okay what if i have a one inch concrete wall can you break through it if you're good at computing yes if i have a 20 inch concrete wall can you break through that okay you see you see how the things go that yes you you can break through these things but you need more and more strength okay that is that is the very basis of support and resistance don't think because a support and resistance line is there means that oh by god nobody can move this area like the market's going to return from here no it doesn't work like that uh need volume echoes uh is everyone's uh can hear me fine or any issues okay why for yes if everyone's okay i should reduce my volume uh just reduce your volume on your computers yeah if it's too loud or anything okay so it seems to be okay distorted voice okay for those of you who are having audio issues you guys can pretty much log out real quick and log back in see if that solves the issue but seems to be working for the majority here okay so let's get started here okay so going back to the concept support and resistance is a wall and just because it's a wall it does not mean it cannot be broken okay depending on how thick the wall is it needs that much force okay that's the basic concept you need to understand this okay because a wall is there doesn't mean anything okay it means it can't be broken now how do you draw support resistance here's the good part how many of you know how to draw support resistance well do you guys answer that okay me yes yes okay we had a few people saying yes we don't have that speed of people saying yes on this draw only from a big candle i'm learning okay so what we're gonna do is we're gonna we're gonna talk on how to draw your support resistance properly okay um many of you guys um have you guys heard of pivot points okay how is how are pivot points calculated pivot points are basically yesterday's average how are they calculated high and low okay okay it takes all the information from yesterday okay and then it calculates it and it gives you pivot points now here's the thing how many of you guys have the exact same screens in terms of your charts they're exactly pip to pip okay chances are almost nobody in this room has the same charts okay yes they they have the same you know the movements yes but it's not the same chart people have a variance of server time which is the reason when you plot your pivot points or any other indicators for a matter of fact you have a variation okay even if you can get the time the same it does not mean you have the same level it can also mean you can be off by a certain level uh certain pips because the price that fluctuated on my screen is not the same as the price that fluctuated on your screen okay it can range from broker to broker and even if you're using the same broker as me or anybody else it can also range from demo to live that can also make a difference there remember brokers have the ability to move price um slightly of course okay because that's that's the spread they can move based on the price they get okay some brokers have a very good feed and uh the prices are pretty accurate some don't some don't which means the prices tend to not fluctuate too much so so that's the thing now coming to that question um so everyone's pivot points you know pivot points are really powerful don't get me wrong but pivot points have this issue of timing you know the timing have this issue and you can sit here and cry about it and look for a server time day and night but at the end of the day at the what pivot points basically are they're nothing but support and resistance okay so let's get into this now what is support resistance is this area here a resistance right here yes okay this is a resistance you know this is where the market touched and bounced from okay is this area here a support okay anything above the market is called resistance anything below the market is called support okay now now that being said let's take a look at the next things now how do you know if a support and resistance is strong or not okay check the past data multiple touches yes multiple tests here's the thing take a look on this particular day the market moved up it stopped here and then it went down right so if I actually put my line here and I can see here what happened here it never held it never held so what I'm trying to say is there is different levels of support and resistance and what I'm going to teach you guys is what's what's most important okay I can teach you guys a small support resistance but that that's useless you know trust me throw it out the window you know it's useless I'm going to teach you guys how to spot the strongest support and resistance for your day okay this is what's going to make or break your trading day okay now a support and resistance level should be a level that has been used again and again and again okay now we had an area here where the market came all the way down till here if I put my line here the market comes down it continues and then we have this big thing what is this right here yeah that's pretty much it it's a big red candle now what what this big red red candle did is it's just telling you one piece of information it's not telling you to close all your lungs and run away no no it's telling you one piece of information and one piece of information only it says we just broke a strong level this is the reason why it needed more force to break through remember that concept in the beginning I asked you guys any level can be broken but it depends on how much force is needed okay this is bigger than the average candle here that means this must have been a strong area how do we know because in the near future it holds the market and what do you know after that it again required a lot of force to break through it so this level has some level of strength this is a strong area okay now you guys understand this concept right of being a strong area now what I'm gonna explain to you guys is you you might be asking me how come you put your line here on this tail here and over here you didn't put the line on the tail what's going on here you know let me explain to you when you draw your support and resistance okay when you draw your support resistance there's two things you need to measure one is the body and the next thing is the tail okay here's why here's why you cover the entire range when you do that now if I put my line here on the the lowest body is there any is there a single body that closes outside of this no not a single body that goes outside of this okay tails are fine tails are just trying to tell you that it tried to go out but it couldn't so tail you can have as many tails as you want doesn't mean doesn't mean anything it's the bodies that make a difference now if I draw my line here and I also consider the tail did this big candle break through both these levels yes when time comes into the near future did this level here hold the market in also yes so when you trade support resistance do not trade a single line people are looking for pinpoint entries not happening this is your pinpoint entry it's a range okay now then the market crosses above it did this big candle break through both of these yellow lines yes okay and then this level goes on and then it halts here you can see big tails coming out breaks through and then uses this as resistance take a look look how it struggles at this area and then just drops okay so this happens again and again in the market time after time after time all you need to know is where to draw your levels now there is a strategy that goes behind all of this and I'm not going to go into the strategy part of it this we're going to do maybe another webinar on a support resistance strategy it's very very powerful but right now all we're going to do is we're going to discuss drawing the support resistance properly because this is very very critical if you can do this you've already gone 50 percent of your battle of making it in forex I can promise you that okay now moving forward moving forward now take a look at this if I draw my area here on the body is there any body is coming above here okay no and then I take my tail also okay we have this area here now right now this big candle that broke through look how big this candle is do you think this area is quite strong okay how do we know let's go back even further let's see what is this area oh well what do you know it's held the market in the past and it's only used a big candle to break through let's go further back okay let's see if there's any more market that goes here okay big candle breaks through again anything else oh look a little touch over there and this goes on and on and on you know so I can't express this more that you need to draw your ranges now let's go back to the area where we had that big candle break there we go so we had this big candle break now we have this little zone here that's strong okay the market continues and it continues north okay did it ever come back down here no will it come back down in the future maybe all we know is we can use this area possibly when the market actually comes to it okay now the fact is we have what do you know we have another big candle which means something else has been broken that was strong let's move our lines I put my line here on the bodies first what is the highest body possible here we go and then I cover the highest tail and then I confirm has the big candle broken through both lines in this particular case yes okay we move forward no touches yet okay ah well what do you know it's like magic okay the market tends to respect these levels again and again and again okay it will respect it now it came here with a big strong candle and then I retraced okay now yes I've been a fast good now there's one rule of support resistance when you have a level of resistance now here it was above the market it's resistance and if it breaks through your resistance now becomes support okay so in in this particular case it became support it was it was halted here then the market struggled here for a bit it broke it went long really strong bounced off of which area there is a body here which covers this area which covers this big candle okay what about the tail let's cover the tail okay we got this area well what do you know it held the market once again and it held it over here again you see how this is the reason why the people the people generally draw this line here at the tip they're like this is your support no no you need to take both your body to your tip you you need to take your range because when you take your body to your tip you take factors that you don't see such as this one okay and over here you're taking these bodies and here you're taking a pinpoint here okay and then these levels get respected again and again take a look here the market bounces off of here it goes long and it crashes through big candle which means lots of force okay lots of force going through now this area that means is strong this is no joke over here we've had one big candle two big candles three big candles and this area has been respected again and again this is more powerful than the one below it because the one below it has some whipsaws here okay it's going in and out a little bit it's not respecting it as well it respects it but not so well so we know that between both of these the one on top is more strong okay so we go further and we see the market comes crashing down it goes through it uses it as resistance and then it starts to go sideways okay now what we're gonna do now is we're gonna we're gonna pick pairs okay i'm gonna i'm gonna leave it to you guys we're gonna pick a pair we're gonna pick a date and we're gonna do the support resistance to it and then we're gonna scroll forward and i'm gonna show you how the level has actually held okay so somebody give me a pair okay pound okay give me a date yesterday okay yesterday or let's you'll see is a random date 10 1 there we go um october 1st okay so pound october 1st okay so we go to pound right here and i'm gonna scroll as fast as i can so i don't see the market we're gonna go to october 1st where is my lovely october wait do we not uh okay november october okay there we go we're in september now so we want to do october 1st are we predicting for october 1st or do you want me to draw on october 1st what do you guys want predict okay so we're gonna do it one day before october 1st what was the last day of september 31st okay let's let's see 28 september okay there we go 28 september last day right here okay this is the last trading day now i'm looking at this screen i haven't seen october 1st i need to know what i need to be ready for on october 1st okay october 1st is gonna come along and i don't know what to do okay so all i know is i have a certain level of information a couple things i can work with i have this big candle i'm working with okay huge level so i'm going to draw my lines based on this huge level i'm going to be like okay this level has been broken and this level holds here here here here here all those areas okay so a couple things i'm going to take this area and this tail okay which tail is better is it this tail does it look right over here which tail should i use lower the red one right okay now doesn't make sense this area okay you see how sharp it is here okay plus the entire red thing has broken through this entire both of these lines so we yeah it is a big range it's 89 to 65 it's like what 90 to 65 25 pips range so we have this little range here now that we're working with now has this range held true in the past let's take a look in the near past a little bit of whipsaw okay it's held here but it's held here held here over here not so well but over here it holds take a look at this area it holds they're just fine we go further back the bottom one holds just fine so okay this level has some decent amount of strength okay i'm not coming up with these levels these are levels what the charts are showing us so we come back to the 28th of september and we're going to discuss one thing is this the strongest level of the day sorry is this the strongest level of the day how much history do you need to validate you don't need much history as long as you can check and see there there is support and resistance from a certain level you're good okay now is this the strongest level let's let's see uh what if we use uh this area on top here and we use this tail okay we're holding this area in that's fine we're holding this area in the past that's fine okay we have a big candle breaking this area perfect also we're holding this entire market here we're holding this entire market here missed by a few pips here that's fine we're holding the market here pinpoint here okay so we have a level up here too but which one looks better to you the top one or the bottom one that's the question which one looks more ideal okay lower one okay so we're going to stick to the lower one okay half of you guys are saying top and some of you guys are saying lower okay so what we're going to do is we're going to stick to both of them we're going to keep both ranges there's no harm done we can keep both ranges to understand what the market might do so let's see okay 28 september we draw on our areas okay do we need an area down here do we do you think we'll have support resistance we only see support right probably not resistance in the immediate past so sept october 1st comes along markets move ah touch number one pinpoint it's moving on we went down a little bit okay maybe we got a few pips here and there that's fine okay touch number two okay remember whenever you see this refer to your candlestick patterns does this candle tell you it's going to go down does this candle tell you it's going to go down refer to these patterns did you understand these okay the only thing that you need to think of is do i have my strong support and resistance that's step number one step number two once you draw your support resistance zone there's only only thing that's going to happen here is you have the perfect spot to take a trade either you're going to take it long or you're going to take it short here's a 50 50 chance on your side what you do from here is based on your analysis but this is the spot to trade because if it wants to break through this level it has to be a big candle obviously because there's a lot of pressure needed or if it returns from here you you've taken the optimal price so what is there to lose you know so you're going here and you see this area here and you're like okay touch number two um maybe it looks short i check through my correlation possible short let's see ah what do you know it drops again okay cool and that is your first of october you've had two entries does everyone or is everyone with me so far is everyone understanding how this is working okay do you take short trades all the time here no no not all the time okay um roge so how how do you plan to trade from no the trading strategy of this i'm going to get into it in a different webinar right now what i need you guys to do is perfect this method perfect the method to draw them okay once you draw them we can talk about making the pips later because if you're really trying to make the pips now you wouldn't be here in this webinar if if you're really focused on making the pips and you've already learned something you're here for a reason you're here to learn let's get that done first and we'll worry about the pips later okay so best time frames for this one hour okay one hour is is my favorite it gives you a better view of multiple days yes you can use four hours and daily because when you do it on a higher time frame you can see more days into the past you know here like when we draw these things we saw what three four days almost on in one shot you know so it gives you a better view a better glance okay somebody uh pick a day today okay we can do today that's fine okay so today what pair gold okay we'll check gold and eu okay euro usd and gold we'll do both of these okay so euro usd today today is what the 23rd right so i'm going to go to 22nd where is 22nd so because whenever i show you guys my screen into the future you guys have this tendency to go with what the market says and not what you guys think so so let's uh um let's focus on this thing right now okay so this is all the information do we have where do i draw my line take a look at your charts on your own screens and give me a number all of you guys where do i draw a line give me one area only 3320 let's check 3320 3320 close until 3333 no i wouldn't go with this area quite yet okay 3323 3285 3285 or 3285 3285 no why 3285 is wrong is it's the low where is your resistance to this it's only support no resistance okay it's a strong area don't get me wrong it's a very strong area okay but we want the most strongest area what is something that actually looks at you and says no you're i'm going to hold you down over here you cannot pass me we want something really strong like that okay mark sander is 1.34 3400 3400 is all the way up here is that number correct okay so all of you guys have this number right okay now what i'm gonna do is i'm gonna draw my numbers and you guys are gonna test it with your numbers and see if it's correct we're gonna do several of these so draw a line on your screen and then i'm gonna draw a line on my screen and you guys check is it the right one okay i'm gonna give you guys 30 seconds okay when you guys are ready after you draw on your lines um where is my poll there we go oops okay whenever you guys whenever you guys are done and you're ready you let me know you just use this poll to tell me that you've drawn your lines on your screen and then i continue onto my screen the moment we touch more than uh uh 70 percent we will continue okay yes yes yes yes yes we have 60 some people in the room right now 63 i think yeah 63 yeah 68 i want at least 40 people saying yes over here so before we continue so draw the lines on your screen and then compare them to mine we're reaching about 30 which is half the people okay 30 is fine too are we going with top of wicks or top of bodies i want both draw the lines on your screen and then compare them to mine uh it's just a glass of water effects i just had a bottle of wine so okay let's begin here okay we got the 29 and we hit 30 we continue 30 there we go okay let's go let's do this okay so here we go now we have these areas first things first if i draw my body here does it break through a big candle yes we have one big candle here okay support support support and resist remember look at this big tail that's coming out it's it had struggle time over here okay so let's take this tail okay now i've taken this tail does this cover this area this area this area this area this area and whenever it's been broken does this big candle break through both yes okay these big candles break through both this green one right here yes we have a ranger 3342 and 3331 okay now what have you guys said down here let's check this down here area we've had this support right here this is the first area and we're going to take the tail also do we cover this entire area here yes right remember bodies are important that's why i'm using this area and not this one because if i put my line here then i'm not covering this body bodies are important let me cover this body and then i'm going to take this tail now i have everything covered so i have this entire area covered now we're going to go back with this bottom line we're going to go back in time a little bit does it hold yes okay holds as support again and again and again big candle breaks strong area ah we have resistance also right and big candle break so we have these two areas that are strong okay top one possibly because it's holding again and again again which one is stronger okay you guys are saying same support top okay so let's take a look let's take a look let's say the market moves on right market moves on today is what 23rd january 22nd was finished 23rd began we began with our mindset that this is the areas we want to trade from otherwise i am on a vacation otherwise you know i'm not doing anything else so we're waiting the markets are moving and voila first touch second touch third touch did we cross no it held the market markets went long okay how far along first touch okay do we go short here i don't know i mean how how strong do you think this candle is over here we have some indications to go long because we're getting big tails telling you that there's a lot of pressure pushing it north but we come here and we have this big massive green candle it's barbaric it's it's really scary you know so you're like will it go north i don't know let's wait another candle we so we wait another candle and now it's showing you signs that it might slow down okay so we have some chances that it may turn around from here okay another sign here third in the third touch and well what do you know we're having a big candle break right now as we speak so are we long now we're long this is long for the rest of the day now because even if it comes back it's going to bounce from this area and go along otherwise it's going to have a big candle break through so what i'm going to do is i'm going to trade this at 80 loss you know i'm going to go along with this sucker once whenever it executes apparently even demos can open large amount of lots very good point Hasan the candle hasn't closed yet yes that is very true should always wait for a candle to close okay to understand the movement now the thing is that why am i taking this long okay let's check let's first check i'm going to show you why once this executes first see see how see how the brokers don't want me to make money on my demo yeah so as this executes i'm gonna i'm gonna give you guys an example i'm like what trade time dot okay let me lower the loss sizes let me see i don't want to waste our demo demo money yeah i'm buying it market chris let's see let's see let's let it execute chris and then we can continue yeah i'm waiting trade timed out ah of course of course of course i'm on my vpn okay i'm going to turn off my vpn if i get disconnected i'll be right back i don't think i will there we go there we go so now we have a trade can everyone still hear me and see my screen yeah that's stupid vpn okay so now we have this trade running now i've taken this long for uh for a particular reason reason number one we start from here we've had this massive strength starting from here big tails and everything coming out now next thing what is the last candle indicate that's pretty much a trend continuation but not too clear right not too clear it's not that clear okay next thing if we're gonna break through this area it's no joke to break through this area you need a strong candle to break through especially if you're gonna start over here you have a long ways to go you know so you need some strength to break through this area now next thing next thing based on the last candle let's take a look at correlation which pairs correlate with euro usd give me the pairs pound okay let's take a look at pound based on last candle what does the last candle tell you does it tell you long tells you in fact it tells you it's a trend continuation pattern for a short but it tells you that the short is running out of steam there's a big tail coming out okay so the next candle opened up it went all the way down till here and now it's headed long okay we still don't know if it's gonna go along what's the next correlating pair you guys said uh euro yen okay let's take a look at euro yen ah last candle what does the last candle tell you what kind of pattern is this trend continuation long euro yen already tells you it wants to go along okay what else let's take a look at new zealand dollar last candle okay new zealand dollar tells you otherwise it tells you short okay eye on new zealand dollar what about ozzie dollar does ozzie dollar correlate ozzie dollar also is telling you short now how do we know if ozzie dollar new zealand dollar are correlated with euro usd let's take a look today the market on ozzie dollar went down then up then down euro usd today down then up no down okay could be slight off correlation new zealand dollar slightly down then up then down now here's another thing to look at new new zealand dollar we have this area here if we take the bodies into consideration we have an area here and tails we might need a big candle to break through this to go along so we have issues right here um and then finally we had swiss frank last candle also tells you that it's not ready to go uh short so was this a good decision for me to go along right now no no not really no good good yeah you should wait till you have confirmation okay you should wait till you have confirmation in this particular trade i'm i'm it's it still looks like it's going to go long i'm not too worried about that but what i'm trying to try to train you guys is wait for your confirmations okay wait for your confirmations because once the candle closes that's step number one or two check your correlation first the least you can do is check your correlating pairs and find out is it actually getting ready to go long in our particular case only what swiss frank was the only one that said i'm going i'm going short or not not swiss frank what was it euro yen yeah euro yen was the only one that gave you the heads up everybody else is like a little lagging behind yeah correlation is off a little bit lately so if the market comes back down and closes here then what do we know for this information we could very well be possibly short yes okay more examples more examples now we're gonna leave this running um give me a uh give me a pair and give me a date try to keep away from the current dates because everyone has seen the current chart let's try to go back in time so you guys can draw your support and resistance properly would you kindly remind us how to ID the leading pair yeah um in this particular case if you take a look at uh uh was it euro yen euro yen was the first pair to actually tell you it wants to go long because it not even in this candle the last candle tells you it wants to go long so euro yen being the leading pair now euro usd needs a lot of steam to go out of this area so we wait and see so far it's pretty big candle okay uh cad um january 15th okay cad january 15 let's take a look january 15th okay we're down here to eight nine 10 11 14 okay 14th january for cad okay draw your lines on your screen and once you're ready let me uh oh reopen this hold on how do i clear this one second prepare open okay once you're ready click yes and then uh we'll take it from there draw the lines on your screen for us dollar cad for 14th january draw your lines there we're gonna predict 15th of january okay we need at least 30 people for me to continue so draw them on your screen and then we can compare them with the ones i draw and the rest of you who do not want to do this exercise i hope you guys are enjoying the webinar and it's informative good good good like i said this is a very very important part of trading very important part if you miss support resistance you will not make it in forex i don't care how many emails you guys sent me saying that statement is wrong bring me any mentor in the world to tell me this if you do not know support resistance you will not make it can draw on screen or web browser no no i mean i was i meant to say draw on your charts um mani the charts keep coming back to current date what you do is you click on this icon here this icon basically auto scrolls yeah okay we have 18 people 20 okay we're gonna give it another 10 more seconds and then i'm gonna begin uh money you're on fxcms uh i think trade station it's called uh let's it's no problem no problem just look at my screen and try to get a visual idea of uh where it might be that's okay okay money you're welcome welcome um okay here we go uh 10 9 8 7 6 5 4 3 2 1 okay let's get started here okay perfect 30 people just in time shree yes this webinar is recorded now and if you're watching this on youtube again please comment and please like okay i won't take no for an answer all right here we go um on this particular one let's take a look what are the areas that use as support and as resistance and are crossed by big candles first things first for me what looks to me is i have an area here okay that's one area let's consider this body also so we can cover everything okay we've got this body now we've covered this body and we've got some of this area okay now let's take the tail for it okay now do we have all bodies covered okay we have the body here covered we have the bodies here covered and we have the bodies here covered area number one let's check area number two do we see anything else yes we we we have our body here which respects this area big candle break big candle break respects this area okay let's draw the other side of it is here okay so we have these two areas these top two lines these bottom two lines which one is powerful let's take a look let's take a look lost connection um it's recorded don't worry Dennis you can always um watch it back but so which two areas are powerful now the top one so far has been stronger as it's been holding but let's take a look the top one holds again and again and again and again big candles up and down bottom one holds here moving back top one holds big candle break again again again bottom one holds top one big candle break again holds big candle break to the bottom bottom one holds which one is good bottom one or top one bottom one big candle break both for me okay here's the thing if if if you say it's the top one check yes if you say it's the bottom one check no on the pole how do you determine which one is good the one that well actually you're trying to cheat huh wait hold on let's let the poles come out and then i'll give you the answer yeah um i'll explain to you more right it's actually quite simple um i'll explain the concept but let's first try to find out what does the average person guess for this okay so we have majority of people saying the top one okay here's the thing now how many times has the top one been crossed by big candles we have one two three four oh five six hey wait what what what day was what were we doing you was not a cat for which day 15 january okay so we did 14 january okay so the the top one we've had more levels of um breaks on both lines with the big candle the bottom ones we've had how many one in this whole time we had one just one so the top one tends to be stronger so all 31 of you guys correct okay um right did that answer your question which why which one is good like does that make sense okay cool all right now going to 15 to january let's go um candle by candle little by little okay moving moving moving moving okay we're going down from the bottom okay first touch okay this candle indicates a possible short let's say you're short okay you made some money there market grows it surges past okay goes long now bounces off there okay we have a small tail now you still are assuming that we're going to go long here okay so you wait for confirmation then it drops okay respects that area and then a big candle break to break through this area and the market then continues to drop uses this area as resistance same thing that's probably currently gonna happen on euro usd it's turning around but if you were to assume this is the stronger area you can either work with this area wait for this or if wait for this to confirm and then go you can come to this area check your correlation see if there's anything there and then go again there is a strategy around this i'm going to get you guys a strategy later right now i want to make sure everyone knows how to draw this that's the primary key how many of you guys draw this correctly these these four lines or two lines okay one no okay no not at all not at all okay so then we need to do more examples so let's not waste time let's do some more examples okay also the bottom size got the bottom just the bottom okay okay so let's do some more examples let me delete all this uh let's take a look at our beloved euro usd that's dying this is today's trades uh oh we go okay three thousand dollars down yikes okay all right uh chris i'm lost okay this will help you out um and also try to rewatch the video on youtube and watch it as many times as you guys need to to try to understand okay pick a day pick a day any day january 19th okay well what currency why there is no 19th there is no 19 this is 18th 19th is like a saturday okay euro yen second december okay let's take a look at euro yen second december euro yen man okay euro yen currently is is headed long okay so we might have some chances for your euro usd okay euro yen second december let's take a look let's reach our first december so we know where we're going 26 27 28 and 29 there's 29 november 30th at wait there is no second december also you guys are just giving me saturdays and sunday um okay pick another day and currency we're gonna do this quickly fourth december or fourth january okay you guys you've been trying to want for gold let's take a look at gold 10th january gold let's take a look at gold okay same concept applies for gold also let me turn this off okay okay four seven eight nine is the next one ten yes the next one said okay here we go now we have all this information on our screen uh until ninth of january and we were trying to predict what's going to happen for 10th of january right so let me close this we're trying to predict what's going to happen for 10th of january so i come to this point and i'm like okay first things first where is there an area that uses both support and resistance and is crossed by a big candle you want all this information together okay so is this a resistance right here okay yes it is a resistance but it's useless okay what are you gonna do with this it's nothing okay but is it a resistance yes okay so let's get rid of that one now we want to find one that is strong okay that's the whole point finding one that it's going to take not only you but it's going to take even the market a really strong candle to break through it okay so i'm going to draw from here i'm going to draw my big line here okay well does this look about right i just drew one line so far okay it holds here uh 165294 16521 should be correct actually money don't worry so we've hold this area big candle break big candle break holds holds now we take the tail we take the tail and we're covering the bodies and we're covering the bodies here so all good everything is set here we don't cover the bodies so we need to move it slightly lower okay now we so we're using this tail so now we've covered everything there's no bodies pending everything's sexy okay we have this little tight range 1653 to 1651 okay is there anything else that we spot okay uh michael you can go back as far as you want like we've drawn on this three days right we can check back and be like has it held okay yeah it's held here also we can go further back and be like okay it's held here go further back okay it's held here big candles coming out of it go further back okay it's held here it's held here as resistance beautiful you know it just keeps holding again and again okay so but had that being said um we want to check also wait again i'm lost what what day were we checking this for again gold for what day 10th january okay so we're on to ninth right yeah that's right that makes about sense okay so the next thing we want to check this level on the bottom here we have these big candles coming out what is this bottom area let's check let's check so let me put my let me put my uh candle here right there and let me take the tail over here so yes we cover this area this area let's go further back okay we cover this big candle breaks okay let's check the bottom one okay yes it holds here a little bit of whipsaw here take a look which one do you like so far okay top one top one seems to have a little bit more sense um can we use pivot points as support resistance chris yes you can however with pivot point you will have a small variation okay we were on 10th 9th of january yeah 9th jan and so we're gonna go with the top one as most of you guys like the top one and we'll take it from there okay so here comes 10th january we're moving candle by candle well we never touched what do you know you're just chilling okay now the next day this is the closest thing we can see okay we got our bodies in place we've got this area in place it's closest thing we can see the next day big candle break now these ranges actually go sorry these ranges actually go from here now so it's the same concept applies through all charts whether it's gold it's futures anything if there is a level that's strong you will need a big candle to break through the bodies within means they've been contained yes yes because that they're in the zone that they're bouncing off of right yeah yeah the traditional one line of support resistance is again useless useless so a lot of the things that is taught in the market is actually nonsense because what happens if it was actually a good 90% of the people wouldn't be losing you know it's but people need to understand the very basics of things why it what is a MACD what is an RSI they're all the same thing okay they're all the same thing what if predictions go wrong and then you have a losing trade I mean you cannot expect everything to be perfect right you have some bad trades it's just the nature of trading okay and when it goes wrong it goes wrong like this you see how you have a big candle flying through so you have to keep your exits ready okay all comes down to psychology yes it definitely does psychology is a very big part of it that's we're gonna we're gonna do a second webinar on psychology as well if you haven't already done so we have one already on YouTube it's called what you need is mom MOM which is mind over money okay correct ID for support resistant kind of formation so yeah so I hope all of you guys are members at urban4x.com here's a new news that's coming up the internship training program that we've had at urban4x we've discussed it with everybody the basic program we're opening up for free for everybody the the intermediate program is going to be now $99 so those of you who have already paid you guys are covered for the intermediate program we might even give you some access to the 4x watchers as while you wait for the intermediate so in the meantime if the rest of you guys if you guys still need some more extra education or training we're available at 4xwatchers.com for advanced training also I think there should be some promotions going on there as well so so yeah there's lots to learn we have weekly webinars here at urban4x as well lots to learn here internship is already started it's just a training program and if we find someone useful we'll also hire them so it's it's who are graduates from our training program also gets a chance to be hired okay yeah we've redesigned the internship program it's really really cool now it's we have animation in there and we have some cartoons and everything so how about the ones that paid for both you guys will get some access to 4x watchers as well so those of you who have already paid will get some access to 4x watchers those of you for the rest of you guys we're giving you open access to the basic basic training I am the one I do not see the lessons updated very long yes we have up to week three for now week four should be released in about a week's time so just hang in there we just redesigned everything so things are falling into place now for those of you who do not know Sardar Abhinav and Sunshine are our support writers as well for this so whenever you guys see them on the webinars or chat rooms please do thank them for their time and support okay Naveen sorry to go off topic is the last webinar I think it was fourth of January I took short should I still stay short oh Jackson I don't remember the last webinar from fourth of January how do we get access to 4x watchers if we have paid for the internship get in touch with Samira which is on info at 4xwatchers.com let us know the the email address you used with PayPal and we'll get you your access okay last webinar is not on YouTube yet I'm really really bad with putting my stuff on YouTube quickly so it will be up there this one's going to be up there quickly I'm going to put this up as this is very critical and then last week we had urban towers we'll put that in as well um oh mesh no it's not the same login it's going to be different I'm going to create accesses for you guys okay it's just a temporary access you guys will get like a few weeks or so like like we've mentioned earlier um so this was only available for the first 150 um signups so I think that's already full so so yeah thank you all for attending uh Dennis what about your trade on euro USD did you oh yeah sorry I forgot about the trade on euro USD no it's still running still running the reason why it's still running euro us euro yen this is why take a look at this current candle looking good so euro USD is still running for me oops okay now a 2000 so again if it wants to break through it needs to break through strong if it cannot break through strong it's not going it's not going anywhere it's coming back down okay I know you don't use stop loss but what's to be ideal pips a month for stop loss um I thus I'm going to do one more when I do a webinar on money management we'll discuss how I do my stop losses because I don't use stop losses and there's many many reasons why okay it's it's not to go against all the books and stuff because honestly if you're reading a book of somebody and why aren't you trading so anyway um yeah that's about it um it's 8 39 p.m from my time and it's 7 39 a.m new york city time i'm gonna go ahead and close the webinar now and thank you all for attending I really appreciated there was uh pretty decent sized people in the room now and uh yes well any one more question sure sure what's the question and please do help support um if you guys can do uh do purchase your subscriptions at forexwatchers.com and also um yeah that's about it do purchase your subscription at forexwatchers.com that is the more advanced area okay we teach all of the stuff and more um you know in time we do release this information to urban forex but if you want to learn everything now then forex watchers is the way to go that is my um forecasting company okay is correlation back to normal no it's not back to normal okay have a good dinner thank you um all our group we're gonna do a webinar on mp market profile which is going to go closely with auction market theory and um some of the techniques i teach so that's going to be quite good so all right that's about it for now i um so do you trade on a moving candle right um i i do trade on a moving candle if i am certain of certain things we can also go over that sometimes so moraine when the leading pair hits the blue zones you enter the other pairs yes when i actually have more than two pairs actually moraine not just one all right guys take care have a wonderful night bye bye now