 I will be taking over the webinar today. This is Naveen Prithyani. I'm the analyst for urbanforex.com, forexwatchers.com, and the CEO of Black Tower Investments. Since we are talking about price action today and I am taking over the webinar last minute, any requests on what you guys want to learn in terms of price action. I know a lot of you guys are longtime followers of mine on urbanforex.com or membersofminesfromforexwatchers.com. Any preference, any request, and we can make this an on-demand webinar for you guys. Okay, John Dwight says Trading Without Indicators. Andred says Pro Strategy. Okay, let's do this. Why don't we discuss the current live market based on price action? Okay, we have some questions on exhaustion candles, legit and illegit. Sardar Uddin is saying Advanced Prostrating Strategy, reversal and continuation. Okay, I'm gonna give you guys some tips today that actually I discussed in my conference room with my members. How many of you guys that are attending today are actually my interns from urbanforex.com? Okay, one, two, intermediate, three, four, okay. So we got several of you guys who are my interns and how many of you guys are actually part of the conference room from forexwatchers.com or members of my forecasting? Not yet, not yet, me, okay, great. Okay, so we have a good mixture of people that are already with me. And how many of you guys are new, have never heard of me before and have just come in today? And okay, okay, so looks like we have some people from there. Okay, now I'm gonna teach a technique here. We can't be discussing pro techniques and everything quite yet as we have a lot of new people in here who have not learned any of my strategies before or are not members of any of my websites. But what we're gonna do is I'm gonna teach you guys a trick today. A little technique that will save your trade, okay? And we're gonna do all of this with price action and a pivot point. We're not gonna discuss exhaustion candles or any of that stuff. I'm gonna teach you guys something that none of you guys have heard before, except a conference room members from forexwatchers.com. We've actually gone through the stuff today. So let's get into this detail and forget the past. We're gonna discuss the current market, okay? Let's get into it head on. All right, now, if there's any questions, let me know. Live, I will stop, I will discuss it. I'm gonna make this interactive. I'm gonna call out names and I'm gonna have you guys interact with this, okay? So there's a learning webinar and I will also record this. It is actually being recorded and it will be available on YouTube and Urban Forex in due time. So there we go. Now, this candle right here, I'm gonna let me move this shot screen here. Go, there we go. Looking at Euro-USD right now on the one hour timeframe. I always trade the one hour timeframe because it gives us enough time to filter out stuff. We have an hour for this webinar. I'm not gonna go into much details but I am gonna discuss particular stuff in terms of currency pairs. Now, for those of you who are new, I look at seven currency pairs that correlate with each other. Correlation basically means it's a relation that one currency pair has with another, okay? In the Forex market, if you're just trading one pair, it's useless. It's useless. You will never get through with it. You have to look at the market as a whole, okay? So I'm gonna give you guys first to begin with. I'm gonna give you guys the seven currencies. Ahmed is saying, Naveen, what do you do when you have two exhaustion candles opposite to each other? Okay, that's an advanced question. We'll discuss that later. Abbey is saying, Naveen, are you still there? It seems I have lost you. Can everyone still hear me and see my screen? Yes, okay. Let me turn off the beeps. It'll drive me crazy just a moment here. Okay, the beeps are off. Okay, we got a really large attendance here today. We got like 74 people in the room here. So, okay, let's move it on, move it on. Let's go back to our charts and we'll continue from there. All right, now, Euro-USD. Let me show you guys a little technique. I'm gonna show you guys how you can actually predict the market, you know? I'm talking about a prediction to a level where you know what's gonna happen, not just in the upcoming hour, but in the next two, three, four hours, okay? You can actually start drawing what the market's gonna do, okay? This is a little bit similar to how I do my forecasting and I'm actually releasing this information and I actually charged for this because I have a service about this, but I'm gonna release this information because it's caught me at the wrong time and Mr. George is not here today and I wanna give you guys something useful that you guys are here and it's worth your while. Okay, here we go. Euro-USD, this particular candle that we see, okay? It's a sharp candle. It came all the way down, gave us a large tail right here and also a large body. A body is the filled area, the red thing that you see. A tail is that skinny long stick that comes out, I call it a tail, okay? The correct terminology is a wick, okay? But let's call it tail for the rest of the evening. Now, this particular pattern that we're looking at is what we call a continuation pattern. This means the market went flying down and it pushed back up, but there is a lot of strength still to go down. A tail will always tell you a story. The tail will tell you what the market is trying to do, okay? How much pressure there is, how much movement there is. Every candle in the market is an indication. The only difference is that where the candle is located is what makes the difference, okay? So this particular candle gives us an indication that the market is gonna continue going down short, okay? There is strength to go short. The next candle opens up right here. This is the opening of the next candle, okay? What it does is it moves down a little bit, probably hovers all the way back up, bounces off of its nearest resistance, okay? Once you break through a support line, it then becomes resistance, okay? So consider these lines that are drawn on my screen. These are pivot points, but consider them as walls. These walls try to hold the market in, okay? Look at them as walls. So this wall holds, traps the market, and pushes the market back down. This right here is what we call an upside-down exhaustion, okay? What it means is that you have the body on one side of the candle and you have this large tail on the other side, okay? If I put my arrow on the body, you get an idea which way the market is heading. So what do we have now here? First thing first, we have a pattern here that tells us the market's gonna continue. The next candle opens up. It's going north, okay? It's going north. The average person freaks out, saying the market's turning around, the market's turning around. You know it's not turning around. What it's actually doing, it's doing its retracement, okay? You have a position short that you've taken here at the open of the next candle. How do you know what is the right spot to wait for? Do you put in your stops based on recent high, recent low? Do you put in your stops saying that, oh, 20 pips is good. So I'm gonna put in 20 pips. Or do you actually analyze if the market goes against me? How far will it go? Okay? That is a question you need to ask yourself. So in this particular case, the market goes up all the way till here, bounces off, comes back down and closes here, giving you a trend continuation pattern again, yet once again, next candle opens up, current candle getting ready to drop. Now, everyone understood this so far? Can I get a yes or a no? Everyone understanding this so far? Okay, yes, yes, yes, yes, yes. Okay, tons of yeses. Okay, here we go. Now, moving, Shaw repeat. Shaw, this is recorded, don't worry. And I have several other webinars that talk about this kind of stuff. It's called pro trading strategy. It's on youtube.com. Okay, now these two candles are related to each other and they tell you the market's gonna go short. So you're short, okay? You're obviously holding on to short. And now you're obviously making pips. But, that's Euro-USD, okay? Put Euro-USD aside. You've taken a look at it already, okay? Let me write this stuff down for you guys so you guys can see this, okay? I trade seven pairs. Euro-USD, pound dollar, Aussie dollar, New Zealand dollar, Euro-Yen, and US dollar CAD, US dollar Swiss franc. These pairs that I wrote on top, they move together. These pairs that I wrote on bottom, they move in the opposite direction. I'm not gonna get into details of correlation and how to find it, this and that. Just believe me on this one and just go with the information. There's not much time for me to explain this. So these pairs on top, they go together. So let's take a look at the other correlating pairs, such as pound dollar, Aussie dollar, New Zealand dollar, and Euro-Yen. Let's see what they had to say in these last few hours. Pound, okay. Pound here, now, remember that pattern I told you in exhaustion, this thing here. This is an upside-down exhaustion. When you actually have the exhaustion the right way, which comes, let me show you if I can find you an example. When you have an exhaustion in the correct way, which is like this, it gives you an indication that the market is going to reverse. But if it's in the direction, because again, if you take the arrow, you put it on the body, you know which way the market's going. But if this is upside-down, it's a trend continuation pattern. It means there's, for example, like this one, the live one that we're looking at, it's basically saying it tried to go up, but it couldn't. There is so much pressure still pushing it down, okay? And in other words, trend continuation, the market will continue to fall. So let's take a look at Pound. Pound had this pattern here, not really an exhaustion, not really an exhaustion. Take a look at this body here. This body did not end up closing a little bit tighter. If this body ended up closing a little bit tighter in the previous candle, we'd have a situation the market would turn around. What happens? Opening of the next candle opens up, okay? You are assuming the market is going to continue short, at least till the next line here. It doesn't. It goes north. Okay, it's going north. You're freaking out. How far will it go? Does the market ever go 500 pips against you? No, whatever the market does, there's always a reason. And there's always a distance where it can go to, and there's always a turnaround from there. So take a look at this. Market moves up. Does not go to your current day's pivot line, but it goes to your yesterday's pivot line, okay? Your yesterday's wall, like we said. Let me draw that here. Boom, it bounces off of there, comes back down, and creates this upside-down exhaustion, taking the next candle all the way down into your profit zone. Okay, so again, we understood this part, okay? EuroUSD says short. Hound is saying short still, okay? Take a look at Aussie Dollar. Now, on Aussie Dollar, we had a perfect exhaustion here. This is an exhaustion. Remember this exhaustion that I was telling you about that's giving an indication for a reversal? That's what happens. The exhaustion tells you that the market is going to reverse. Opening of the next candle, the market didn't actually go too high, too long. It actually came back down, closed, and gave us another exhaustion taking the market down. Very confusing, right? You don't know what's going on on Aussie Dollar. So on Aussie Dollar, I'm gonna put confusion, mess, headache. Okay, I'm gonna put all the words that you can possibly call this. I'm not gonna swear, but I'm gonna put all the words that you would possibly look at this. If you were trading this pair, this is all you would say. Because the trade would not end up going in your favor, even though everything is aligned correctly, okay? You think there's an exhaustion market's gonna go up? It doesn't go up. Why? It's confusing you. They're saying the sound is distorted. Can everyone hear me just fine? I just wanna confirm. Okay, okay. So moving on, moving on. Okay, so moving on to New Zealand Dollar, okay? Perfect exhaustion. Next candle, market moves up, comes back down, and closes. Okay? Now, long slash success. This particular long trade went north, made a touch, and came back down, okay? You went long at the opening of the next candle on this particular one. Let me clean this up for you guys here. Let me, okay. All right, you saw this exhaustion, and you went long, I'm sorry, you went long from right around here, okay? This is the exhaustion candle, which tells you there's a reversal happening. You went long here, the market went up, it touched your resistance line, and you made your pips, you exited your pips. So we're gonna write that long and a success. Let's take a look at Euro Yen. Euro Yen, all right. We have the same pattern that we see on Euro USD. We have this trend continuation pattern that tells us the market's way too strong. It's pushing the market down. So next candle opens up. You sell, but the market doesn't go down. It goes up, it goes past your resistance line. It goes higher than that. You start freaking out. For those of you who have followed my previous webinars, what do you do at this point when you see the market moving live and it's going against you, and it's even gone past your resistance? What does that mean? Do I do anything? Does it mean anything? Okay, I'm testing you guys now. Let me see how much you guys pay attention to my other webinars. Okay, Mark Sanders saying you can wait or bail. Brian, I will go through the exhaustion. In fact, there is another webinar that discusses the exhaustion very precisely. Wasim Khan says, wait till stop loss hits. Rebecca Austin says, depending on your money management strategy, Jay, first answer that is correct. Jay is saying, wait for the candle to close. Okay, always remember one rule of thumb. Until the candle is not closed, the candle means nothing. This particular candle that is running right now looks like the market's going to reverse, but I can't tell anything about it until it's closed and I have a certain direction. Because it's moving and we all know in forex, things can happen in a matter of minutes, correct? So if that happens, how do you know if I make a decision based on what I currently see and the next minute or two minutes, something else changes? Always wait for the candle to close and to make your decision on closed candles. Okay, so by the time the candle closes, the market comes back down and closes here. Now you're smiling. Aha, the market's going to continue in my direction. It wants to go short. Boom, the short continues. Okay, let's take a look at US dollar CAD. Now these are supposed to be opposite of what we are doing in the other pair. So let's take a look at US dollar CAD. Now, I'm gonna clean all this for you guys and there we go. We have a exhaustion here. Next candle we sell. Okay, and there's the opening of the next candle we sell. The market comes down. It touches your support. You close, you make a profit. And that's that, okay? So you go short and success. But then by the time the candle closes, you understand that the market wants to go long because it's a trend continuation pattern. And the market eventually you see it goes long. It bounced right off of our resistance. It went higher, but maybe it looks like it's gonna close below it. So that went long, but that's later. That's fine. I'm getting to a point here. Okay, just hang in there. I'm reaching a point where I'm gonna show you guys what this all means, how you can put it together and how you can forecast. Okay, now moving on to US dollar Swiss franc. US dollar Swiss franc now. US dollar Swiss franc, we have an indication that we have a trend continuation pattern for a long based on this candle. Okay, this is simply telling you that the market just wants to go long. Trend continuation pattern, plus the next candle opens up and it goes immediately. The first thing it does, it goes down. You, by the rule of thumb, you wait for the candle to close for it to tell you exactly what it's gonna do. It never closes below their resistance. So you know the market's still in your favor. Comes back up, closes as an upside down exhaustion, which means a trend continuation tells you market still wants to go long, giving you an indication that you can hold. We're still going north, okay, long. So now, what is the overall look that we see here? We have a short, short, short and a long. I have a little confusion here. And New Zealand dollar and US dollar CAD eventually told us that they're gonna go in the same direction with the rest. You have an idea in the market right now that things are gonna go your way. Now, here is the part where you can nitpick the market to precision. Let me, let me get into this guy. If anybody's confused at any moment, stop me, okay. Okay, now, Euro-USD. Once you see this pattern here, the market was going down, opening up the next candle, you short, the market goes up. Okay, market is going up, reaches this area, right? Now, at that time, whatever pairs that we had success with, take a look at New Zealand dollar. Okay, New Zealand dollar didn't tell us the market is going to go down. It actually told us the market is going to go up. What do we have here? Euro-USD is telling us short, but New Zealand dollar is telling us long. This is what we call anti-correlation. That's fine, that's fine, it happens. There is anti-correlation all the time. But because you're looked at all of these pairs, you know that the overall direction of the market is down. But we have some long in the market. We have some different directions temporarily. What does that mean? New Zealand dollar is telling us that it wants to go long. If you've had monitored the market at that moment, the moment New Zealand dollar hit this area, at the same time Euro-USD, it was hitting this area, it is only going, the market is only going to get a better price. That's all it's doing. It's not reversing on you. It's retracing to get a better entry, a better price. As you practice this, you will get more and more precision where when the next candle opens, instead of selling here, what you will actually do is you'll see New Zealand dollar is actually saying long. Once New Zealand dollar's long is finished, I'm going to sell my Euro-USD, which means you would have entered then around here somewhere, because now it makes sense. This gives you pinpoint accuracy when to enter the market, to a point where you don't see the market fluctuating against to even 50 pips, and you're taking seven pairs, eight pairs together, and suddenly you see 300, 400 pips on the table right in front of you, okay? So, when you have a anti-correlation, embrace it with open arms. It's actually telling you, I'm giving you a chance to take a precision entry, okay? All right, Ahmed is saying, can you repeat please? Mark Sanders is saying, does anti-correlation result from fundamentals influencing a particular pair? Mark Sanders, don't even worry about fundamentals. No matter what the fundamentals does, at the end of the day, it will come back and follow what the price is originally wants to do. You can see the fundamentals on your charts, like live, okay? And even with the fundamentals, the market cannot go to a certain extent. It only can go to a certain extent that is planned, okay? This is not like the stock market, where you can have something crash overnight. No, it doesn't work like that. There is paperwork that needs to be filed and needs to be processed. Everything is planned. Okay, Lisa saying, can I please repeat anti-correlation? Okay, sure, sure. I'll repeat and I'll explain anti-correlation and Clayton is saying, could you repeat please? Okay, and I'll go over this one more time and I'll use different pairs as examples this time. Anti-correlation is simply this. Let me clear all this out. This is, these are the pairs that correlate together, all of these pairs. Basically, what it's saying that all these pairs on top, they go in one direction always and these two pairs on the bottom, they go opposite always. Take a look at Euro-USD. You see how in the last five, six hours, it's going down? Pound, same thing, overall direction is down of the last five, six hours. Now, these pairs that go opposite US dollar CAD, that means the last five, six hours, instead of going down, it will go up. There you go, last five, six hours, it's going up. Same thing, US dollar Swiss franc, last five, six hours, it's going up. Overall direction, these guys will always correlate in the long run. Every now and then in the short term, the immediate short term, you see an anti-correlation where certain pairs are telling you they want to go long but a correlating pair will say, I don't want to go long, I'm going to go short. That means one of them is going to get a better price. It's going back to get a better price. That's all it's doing. It's going to fetch a better price to fill in. Does that make sense, Lisa? And that's one with what we call anti-correlation. Okay, good. Mihaly, can we use gold as positive correlating pair? Gold, yes, is a correlating pair that works with these. However, because it's a metal, it's cautious. Because gold doesn't have a history of correlating with these pairs in the long run. It's only been having a history in the last three months or so and sometimes it has weeks that it's on and off. But these pairs have a history together going back two years, three years that they work together. Okay, so there's a stronger correlation between these. The metals have a correlation. The metal is just a additional risk but with risk comes reward also. So if you're willing to take the risk, when it's in your favor, you make tons of money as well. Okay, so that's why we can add in gold if you'd like to put in that additional 20% risk. All right, now, going back to repeating this thing, take in an example. Now, let's take a look at, what is it? All right, let's take a look at Aussie dollar. Okay, at this particular time where I have my arrow, let me delete everything, so clean up the chart for you guys. At this particular time, we have the exhaustion. We know market is headed long, okay? If you guys follow my other webinars, you guys know for a fact that we always watch our pivot lines from the last three days, okay? From today, yes, the day before and the day before that, we have the next pivot line is right here. And you can see how the market goes up. Pinpoint touches that, turns around. It never ended up to today's pivot line. Okay, so a lot of gurus tell you to trade pivot points, yes, but they forget to mention or maybe they don't know that there is significance if you use the pivot points from the past. Okay, so, Kenneth is saying, so is it safe to say the anti-correlation pair will have to follow overall direction at some point? Yes, that is safe to say, but which of the anti-correlating pair will follow? That's what we're discussing right now. You will obviously have one pair going up, one pair going down when you have anti-correlation, but which one will follow? And how do you know which is the right direction? So let's go over that right now. So, now we have this current exhaustion. It wants to go along, right? Let's use another pair that correlates. What goes with Aussie dollar? Does Euro Yen go in the same direction as Aussie dollar? Yes, okay, good. Now, Euro Yen works with Aussie dollar. What did Euro Yen do at that time? At that same time, if we actually look at it, Euro Yen told us the market wants to continue down. This is not an exhaustion. It's telling you that the market wants to continue to go down. So, what do we do? We have the opening of the next candle out in Euro Yen. We don't sell, we wait. New Zealand dollar, the next candle opens up. We don't sell, we don't buy, we can wait. What is the overall direction? The overall direction, how many pairs are actually saying sell, sell, sell? Majority, right? Majority is saying we're gonna go down. So, you know the overall direction, okay? The overall direction is short and long for these opposite pairs, okay? You already know that. What happens is you wait the next candle once it goes up and it touches your nearest pivot line. This is when you become a tiger and you watch all your pairs and you will see them. You will actually see in front of your eyes they're all bouncing off of resistance at that time. And now is the proper moment to enter, right here. This is right around the time that you will see that New Zealand dollar has touched. It went with the exhaustion. The exhaustion held true. And then you enter with precision going short with everything, even New Zealand dollar. Once it touches this area, you short from here. You don't actually take along, you actually short and you gain these pips along with all these pips that are currently running, okay? Is there an indicator to give you the pivot points for three days? Yes, there is. Go to urbanforex.com and there is a menu on top that says Forex Strategies. Once you click on that, there is a strategy called Pro Trading Strategy. The pivot point file is in there. Just attach it to your meta trader. If you do not know how to attach it, there is a video that goes over a tutorial. Okay, Ali says, shouldn't you wait for a close? Ali, yes, you should wait for a close. But now we have, once you've waited for a close, see Ali, there's two things, okay? When you have a running market, you're making a decision based on the running market. No, that's different. You should always wait for a close. But if you're waiting for the market to do something, exactly what you want, you don't need to wait for the close. You're actually waiting for the market to do what you want. Does that make sense? Okay, Shah says, does anti-correlation mean that all pairs are seeking better entry points? No, there is much more theoretical meaning behind it, but for the sake of speculators, where those of us who are just wanting to trade and pull out some profit out of the market, stick to that definition. So yes, it is just seeking a better entry point, that's all. Okay, so this is how you get precision in the market. If you were to have taken this trade which trade is running right now, you would have had massive, massive pips right now. We're talking about probably 400 pips in your bucket just by trading the seven pairs. Forget all of that stuff. We're 19 minutes until the close of this candle. I'm gonna see if I can push this webinar for additional five more minutes over the hour to show you guys what can we do with these candles? What does it really mean? So, based on what I've already told you guys, forget anything you've learned, just based on what I've told you guys today, let's look at this stuff. Shah is saying, where is the entry on the New Zealand dollar again please? Right here, this exact point here. Where you see it bouncing off of resistance. You know for a fact from this particular candle, New Zealand dollar is gonna go north. It goes north. And because you have an anti-correlation from New Zealand dollar, you know that your yen might be affected by it. So you don't trade, you wait. You know overall it's down, but you wait. You wait for the market to give you a precision entry. This market goes up at the same time as New Zealand dollar goes up. And as it touches resistance, this is the same time your Euro yen will touch resistance. This will be the same time Euro USD will touch resistance. Okay, Wasim Khan is saying, can we consider candle volume to identify true or false exhaustion? You cannot measure volume in forex. There is no central exchange. There is like the New York stock exchange. You can measure volume there. You can measure volume in forex. It doesn't work that easy. Okay, the only way you can measure volume is broker to broker. A broker can tell you how much people are buying and selling. That's about it. Okay, all you have to do is look at these patterns and you'll find out what's going on. Now, as of right now, what do we know? What do we know right now? Okay, let's take a look at all of this stuff now. Let me remove everything, clean up the screens here. Now, all of the stuff that I'm training you guys, what happens is five minutes before the hour, you look at this stuff calmly, no need to rush. You calmly look at all this stuff. It takes you five minutes. It might take you five minutes over the hour. That's fine, but that's all it takes to do all this. Okay, the average person eyeballs the market so much to make 10 pips of scalping, 20 pips of scalping when you can spend one tenth of that time to make 400, 500 pips out of the market. Okay, Clayton from Perth is saying, just to be clear, do you enter the trade when the tail touches the pivot line? Yes, and at that time, it's not the tail. At the time, it's the body. Okay, and yes, at that time, it's still a risk, but it doesn't, your risk is more defined because it's an analysis, okay? So your risk is more controlled. Can it go against the still? Yes, it can, anything can happen, but if it goes in your direction, you have pinpoint accuracy, okay? And it will go in your direction 80 to 85% of the time. Now, moving on to the current market, okay? Let's do an analysis together live. Okay, let's take a look at it live. I'm gonna make all of you guys answer this stuff and see what you guys, see how you guys can analyze. Stop guessing. There's no need to guess. It's very easy to analyze the market. No more guessing, okay? No more relying on indicators and signal services and all that nonsense. Watch the market. Do your research, it's very easy. Now, look, we're looking at Euro-USD right now, right? Let me move this a little bit so we can see the whole chart here. Three days worth of data we need to always see, okay? Three days worth of pivot lines. This is one day worth of pivot lines. This is yesterday's worth of pivot lines and day before. We're on the one hour timeframe. We're looking at Euro-USD. Now, market is currently heading short, okay? It's moving short, candle is currently running. Now, based on what we see, we have a small tail on top and a bigger tail on bottom, which means we are starting to get some pressure from the bottom pushing north. Means sooner or later, this short-term movement that we're holding on to is coming to an end, okay? Just keeping that in mind. Let's move on, okay? Is it an exhaustion right now? Based on what you see, is Euro-USD an exhaustion right now? Does it look like it's an exhaustion? No. Okay. So, still short, but slowing, okay? Shaw is saying, are there times, sorry, one second. Are there times when the market is all messy? What do you do then? And how often does this happen? Of course, the market's messy all the time. I'm sorry, let me mute my phone. Sorry about that. Okay. Of course, the market gets choppy and it happens all the time. You can ask my conference room members at forexwatchers.com. You know, we sit there hour after hour, bored, nothing to do, because the market's to all sideways. You know, so yes, at that time, what you do is you just stand aside. You just stand aside. I'll go over that if I can find some examples for you. I'll go over that. Walter Prevell from Dominican Republic saying, how about stops once we have an entry after pivot points? Okay, let me ask you a very controversial question. Why do you want stops? Okay? When we discuss stops, the fear is anything can happen in the market. I'm gonna tell you this now. Anything cannot happen in the market. Okay? Even if there is a catastrophe, there is only a certain amount the market can go into until emergency procedures are kicked in from different countries to save a currency. Nothing can happen suddenly overnight and then a currency goes, okay, we were the strongest currency, but now we're zero. It doesn't work like that. Okay? There are emergency procedures. If you do not remember not too long ago, Swiss Frank had to devaluate the currency to keep up with the world. They announced that earlier before it actually happened. Everything is planned. Everything has paperwork and everything goes through in front of your eyes. Okay. Next question is how Mark Sanders know but it's hitting the day three pivot point. Okay, it's hitting the day three. Okay, Mark, very good look. Okay. Nothing on day one. Why did it bounce around here? That's nothing from yesterday, but three days ago or on the third day, we have a line here. Okay? It's bouncing off of this. All right. So now we have some more information. Support. All right. So it's still short. It's slowing down and we have support. All right. Shaw, regarding stops, I will have to make another webinar and I will go into detail, like absolute detail on stops. It's basically what we're doing now, but if you reverse it, you know where the market's heading for a stop and you know when to exit your trades because you know the market's going to turn around against you. Now, pound, let's take a look at pound. Is that an exhaustion, the current candle? Okay. No, it's not an exhaustion. Same situation, still short. It's a very strong body. Look at the size of that thing that seems huge. Very strong body, but it's slowing. Look at the tail on the bottom versus the top. Big tail on bottom, small tail on top. Okay? But slowing down. And support. With support, there's one support here, which obviously it's crossing, but it's struggling. Maybe it might go above it before the end of the hour. But this support from yesterday, it's holding. Take a look. This support is so strong, it used to be resistance. Resistance, resistance, resistance. Boom, it crossed above it, came down. Support, support, support, support and again support. There's so much strength on this line. There is significance on this line because it holds true in the past and in the current timeframe. So this area is significant. So support also. Okay? Let's look at Aussie dollar. Aussie dollar. Would you have taken profit at the line like that? Yes, I would. Seeing how strong that line is, that would have given me a place to exit. Why? Take a look at this. Take a look at how low is Aussie dollar. Look how low it went. Okay? Pretty much to here, right? Our three days ago line. Correct? Do you see that? It's maybe a pip away. If I were to pinpoint, put the line. It's a pip away. Okay? But EuroUSD touched its support. Pound touched a heavy support. At the same time that all of this happened, you would have the maximum pip potential to exit the trade and then you see all this bouncing happening, bouncing off of these lines. You would care less because you've exited at the pinpoint absolute most peak. Okay? Again, this only works when you look at multiple pairs together. Not just one pair, one pair is boring. And it's not reality. Reality is when you see all the pairs together because a lot of these pairs have that one common word inside of it, which is called US dollar. It means there is something moving the US dollar and it's affecting all the currencies. What's happening? Close your eyes, doesn't matter. Forget that. We're here to make a profit, not to change the economy. Okay? Now, moving on forward. We were looking at Aussie dollar. Sorry about that. We're looking at Aussie dollar. Is this an exhaustion? Or is this a pattern that you think the market will continue short? Okay? Good. Okay? It looks still short. No indication of slowing down because take a look at the tail on the bottom. It's not that big compared to the tail on top. I mean, it's okay, but it's not strong like the others. So, we have still short and support. Okay? So, chances of Aussie dollar continuing short is still high. New Zealand dollar, let's take a look. New Zealand dollar, yes. Douncing off of resistance. Still short, not an exhaustion. Same situation, still short. Slowing, larger tail now, and support. Euro yen, let's take a look here. What do you have on Euro yen? Oh, sorry, sorry, sorry. Ah, now look at the strength of Euro yen. Look at the size of that candle. Look at the size of that tail. Possible exhaustion. Okay? I'm not saying this is a confirmed exhaustion, but it's possible, okay? It's a possible exhaustion, plus support. It's bounced off of yesterday's support line. This is the extreme, and you can see. Absolute to the pip, it bounced, and now it's bounced, like it's retracing. Okay, going to our pairs that go opposite. US dollar, CAD. US dollar, CAD, strongly long. Is there resistance here? Are we at resistance on US dollar, CAD, anywhere? No. Take a look. No pivot lines at the current market that we were at. No pivot line yesterday. No pivot line day before yesterday. Long, still long, not slowing, no resistance. Okay? US dollar, CAD is telling us that it's still got steam, it still wants to keep going. It's not tired. Going up, US dollar, Swiss franc. Okay? We have a different story here. Is this an exhaustion? Is this clear enough to tell you that the market's gonna go short? Is this an exhaustion? Kenneth is saying, can you add or subtract two or three pips from the pivot lines because it's not exact? Of course you can. Of course you can. You can use a ballpark, and some of the pairs will eventually hit. The reason why we say ballpark is because every broker manipulates the price of the market slightly. Along with that, your pivot points are calculated at GMT plus zero, or the server time from the broker. Some brokers are at GMT plus one, some brokers are GMT plus two. So your pivot points are calculated, so they can be slightly off, but overall you get the same idea, you get the same direction. You get to understand where the market's going. If you have any doubts, just go on to FXpro.com, download their MetaTrader and just use them. I've been using them for quite some time now, and no headache at all. By the way, if any of you guys are opening accounts with FXpro, please, please use my link. We do get commission, and I provide all of these services for you guys because of that. So don't go and open an account without me. All right, now, USDarsus franc. Okay, it's heading long, right? It's heading long, it's resistance right there, okay? It's almost at resistance, no indications of stopping, and a little bit of slowing, so still long. Resistance, okay? It's pretty much at resistance, it's like only two pips away. FXpro is not available for US customers, I'm so sorry Shaw about that. It's, as of right now, it's not available. Okay, so what do we have now? What scenario do we have? Okay, take a look. Has the candle closed yet? There we have three minutes to go till the close of the hour. Has the candle closed yet? No, candles has not closed. Look at Euro-USD. It's trying to push and close below the pivot. Look at pound, it's doing the same thing, it's pushing. Look at CAD, it's all the way, it's pushed all the way up to the next resistance. So it's Frank pushing above it. Aussie dollar, still at resistance. Ah, support, I'm sorry. New Zealand dollar, pushed below it. Now, what does this push mean? This push is excellent. Now you predict the future. Now let's sit here and predict the future. Now what is going to happen? Next candle opens up, for example, on a New Zealand dollar. Let's say it opens up around here, right? A candle always has to retrace. John said, what is the reason you go back three days worth of pivots? It has significance. Don't worry about the reasons why. It has strong significance and there's not much time for me to explain it because we are short on time, but it has significance, don't worry about it, I'll take my word for it. Brian from Singapore trend would continue. Okay, yeah, so if you open the candle at the next, right around here on the next, I'm sorry, the next candle opens up here on this line. It first has to retrace. No candle sharply just goes in its favor. Let it do its dance, let it go down and up and down and that doesn't matter. Once it goes up and it touches its nearest resistance, which is now, this has now become resistance if the candle is going to close below it, okay? If this touches as resistance, then you take a look at all of your pairs and see are the rest finished bouncing off of their support and resistance? If so, time to get a precision entry to take a short because everything will go short, okay? So one minute to go to candle close. We've done our, sorry, sorry, we've done our analysis, next candle's opening up. We know when the next candle opens up, we're not going to immediately take a trade. We have to wait, take a look at pound pushing below it, right? Wait, just wait, 60 seconds to go. We've done our analysis and we still have a minute left. Grab a bottle of wine, enjoy yourself. Okay, here we go, next candle opened up. It's going down. This is the time people start freaking out and they start selling. You don't sell now, you wait, okay? This can take, this can take maybe 10, 15 minutes. Let the market do its dance because it's very rare that the top of a candle is flat on a trend continuation. This is a trend continuation pattern. It's telling you the market wants to go down short. It's very rare that the top is flat. It has to retrace, it has to give you a tail. So if it does give you a tail, now let's start predicting a little bit. If it does give you a tail, how big of a tail can it be? A few pips, right, right here. Can you guys see that? How the tail can be like this big? Let's take a look at our other pairs. Okay, here. If it moves up, our nearest resistance probably would be the low of this candle where it bounced off from because this has been bouncing, bouncing, bouncing because it cannot go all the way top to this level because that does not match with pound. This is too far. Pound only has a few pips while Euro-USD is going too far and possible. Look for something closer. And this is something closer and this makes more sense because now it agrees with what pound is trying to do too. We have two pairs, we finish our analysis, move on to the next pair. Okay, where can the US dollar CAD retrace to? Do you see any indications? Too much headache, too much work, too choppy. Leave it alone, don't even look at it. Take a look at US dollar Swiss franc, okay? Too close, we need a few pips like pound and the rest. Move it down, take a look here. So we have some space here now. Also, it's the same space as the top of this candle which is gonna act as our resistance. Now, Aussie dollar, okay? Now, before we go on to the rest, understand one thing. How big is this tail here? Is this tail big enough to tell you the market's gonna continue north? This one that has the red arrow. Is it big enough to tell you the market's gonna continue north? Yes it is. How about the next one? Is this big enough to tell you that the market has so much pressure to continue going north? No. Now, the tail got smaller on the bottom. And look on top, look how big the tail is on top. It's telling you there's pressure on top. So your chances of this current candle that's running, that tail to be very long, the chances of that are slim. Because there is not much for that to come all the way down till here and go back up and close, means that's a big tail from here to here if we go to our next pivot line. That means the market has way too much pressure to go along, that's impossible. Because we know for a fact based on our analysis, it cannot go that much. Market is coming to an halt. So, a little bit of retracement and we're good to go along. Okay, Aussie dollar. Aussie dollar, it's on its way down. Okay, created a little tail on top. On its way down. Okay. Don't worry about it, don't worry about it. Move on. New Zealand dollar. Okay, a few pips would be right around here. You can see how this level has been holding quite some time plus the low of this place. Gives them a few pips. Euro yen. That thing no longer is an exhaustion. Became a trend continuation pattern. Few pips. Move it up a little bit. That would be its few pips. Okay, let's take a look at pound. That was repaired that we were watching and Euro-USC. Now it's just a waiting game. That's it. That's pretty much how you do your analysis. You wait for it, you know the market's heading south. How far it's gonna head south? You can tell by these tails. If the tails are sharp enough, you know. This tail, big tail, right? You know the market's not gonna go down short forever. The next candle opened up, but we had a anti-correlation which tells you the market is halting temporarily. Wait for one candle to go up and then it continues short. And boom, you had a massive drop after that. Just think, when you look at these pairs, just try to put the pieces together. Right now it may sound difficult, but as you put these together day by day, for at least a month, I would say, it becomes instinct. You know, it's like driving. Like I was telling in my conference room today, it becomes like driving. You know, when you first start driving, you pay attention to everything. You know, your left signal, your right signal, your speed, everything. How you're braking, how you're accelerating. But the moment you get used to it, you're like watching a movie and text messaging while you're driving. You don't care about driving. You just do it naturally. So Shaw, do you calculate how many pips to next pivot before you take your trade to make it worthwhile? Yes, yes, that is always indication. But you can still take the trade. If you know the trade's gonna go in your favor, if you know the direction, take it. Take those pips. Why waste them? Okay, when you do your analysis in this particular way, the chances of trade going in your favor are quite high. Quite, quite high. Okay, so just go ahead and take the trade and they will go into your favor. Now, you will always know by your tails how strong the trade is gonna be. The tail's too big on the previous candle. You know, the market's coming to a halt. It cannot go in a home run. But if you have patterns like these, like this one, and this one, you know the market will continue. There is some strength. There is some steam left, okay? And the market's gone. It did not retrace. It did not give us a precision entry. It did not retrace. That's fine. We know the direction of the market. It's still short. We already predicted that. It's still short. We're not worried about that. All we want is a better entry, okay? You wait. Always be safe. Wait for the entry. Wait for the precision, okay? So we're gonna wrap it up right now. Everyone understands what we've done so far. Okay, Mark Sanders, I have a Forex Watchers question trying to coordinate the time zone. What time do you generally release your alerts? My forecast from forexwatchers.com are released before London Open, which is like around, what is it? Two, around 2 a.m. Eastern Standard Time, I release them. The conference room is only London session. I'm in the room trading every day, not really trading, but just giving analysis. I don't trade anymore with the conference room members. I just interact with them and make them do the analysis. Clayton from Perth is saying, will this webinar be on Urban Forex? Yes, it will be. The links again, please, for the replays. The links for which replays? For Forex Watchers or this particular webinar? Lisa, how do I get started? Which, can you please elaborate, Lisa, what you're asking about to get started on what? Clayton, this webinar will be available next week. Lisa for beginners. Okay, if you guys are beginners and those of you who do not even know basics of Forex, we have an internship program on urbanforex.com that has three levels, basic, intermediate, and advanced. For those of you who want to learn analysis, who actually want to learn to do what I do, what we just did live, that is on the conference room at forexwatchers.com. And there is a little bit of a fee there. I'm sorry, it's a little bit expensive there. But then urbanforex.com is really cheap. Most of the stuff is free. I give everything I can as much as possible. You're very welcome, you're very welcome. So I hope you guys understood and you guys know now how to look at the market, how to predict what's gonna happen in the market, how to know where the market's gonna halt and stuff like that. Ahmed, Naveen, we are not getting homework quiz for the internship. I will release them today, I've been very busy. Guys, tomorrow there will be no forecast or conference room. I will not be there, I am flying. I'm gonna be in Singapore for a couple of days and I'm gonna be in transit. So I'm not in the office tomorrow and the after tomorrow. What other brokers do you recommend for US customers that you can credit for? I do not have any brokers I can recommend for US customers because I do not have any links with them. However, drop me an email, let me do some research for you. Even if it doesn't credit me, I will see whatever I can help you with, no problem. Message me on urbanforex. E.T.N. Shor from Israel, you're very welcome. Can you explain where to get the indicator again? Let me show you, if you want the indicator, you go to urbanforex.com. Okay, I'm gonna go there live with you guys. I'm gonna show you guys where it is. Okay, you go to urbanforex.com, you click on Forex Strategies right here on top. Once you click on Forex Strategies, sorry, let me move this, okay? Then you click on Pro Trading Strategy right there. Once you click on Pro Trading Strategy, you will have the videos and all the recaps and how many recaps we've done. The common section, it's all there, but here it is, Pivot Indicator Use for Pro Trading Strategy. You just click that and there it is. Is this where the conference room is, Rebecca? Yes, the conference room is done on this software. Conference room is only for three or four hours every day. It's not really a conference room. What you're actually paying for is the forecast, but I just throw in the conference room as a bonus so you guys can learn to analyze the market. I don't actually know in pounds. You can just go to forexwatchers.com and you can check it. I think they can convert it for you in pounds and stuff like that. Will the last Pro Trading Webinar be on this page? I missed it. Yes, it will be. It will be on this current page that I'm showing you guys. I just haven't got a chance to put it up on YouTube yet, sorry. Does the Pivot Points work for Metatrader 5? No, it doesn't, I'm sorry. It does not work for Metatrader 5, apparently. That's what I've heard. I could be wrong. Okay, so I hope you guys enjoyed the night, guys. It's 11, 11 here, PM right now. I need to go get some food. I'm really hungry. Thank you so much for attending. I'm really sorry that Mr. George was not here to do his webinar. The link for the conference room is here. It's forexwatchers.com. Okay. Think like a banker, oh, sorry. The Think Like a Banker webinar that I've done, that was at Forex Pros. That one, they didn't record it. So I'm so sorry. I might have to do one more webinar for you guys on that, where it talks about psychology, how to control your trades mentally. Okay. Thank you, guys. Thank you. Thank you very much for attending. Do I have seminars in person? Yes, if you actually go to my website, navineprithiania.com. If I do seminars in person, I list there. I've done some seminars in India. I think I've done, what, three in Bombay, like around six in Bangalore. And that's about it. That's all I can remember right now. So I do webinars in person, too. Okay, very welcome, Jason. You're very welcome, Peter. Welcome, welcome. Have a great night. Thanks for coming in. I will see you all probably on Friday. I'm not in tomorrow, the after tomorrow. Take care. Have a good night, guys. Bye-bye.