 a country, thank you. And it's a really, actually it's a good question, right? So the question is actually really added it to this, which is when does my bias change, right? Fundamentally. So my bias will tend to change fundamentally, mainly, of course, during the data, I tend to have a longer term bias. So what does that mean? I guess it's more to do with weighing up the data. So of course we focus on GDP, interest rates and inflation. Now, for me, it's mainly about obviously inflation, right? Inflation and sorry, GDP and inflation influence interest rates. So interest rates won't go up or down unless we see the data from GDP and inflation. So we focus on the data from the data from the data from the data from the data from the data from the data from the data from the data from the data so for me, it's more about understanding where we're potentially going from these two data, right? So let's say, for example, wherein a trending, we see GDP and it's trending to the upside. So we've got a few good readings, maybe one poor reading but generally the overall two, three, those two, three readings regarding GDP is on the uptrend. Now, I'm not gonna change my view if for example, we get one bad GDP viewing because it's not just about, again, the numbers, it's also about digging a bit deeper. So for example, that one bad GDP reading could be as a result of the coronavirus, right? Yeah, quarterly or monthly at a, yeah. Oh, you're asking quarterly or monthly. So it's more to do with quarterly. I wouldn't necessarily say, I wouldn't say monthly, I'll probably more say quarterly because I have a more bigger view or a macro view. So let's say for example, we get one quarter which isn't as good as the previous two quarters. Then you kind of have to drill into what I have to do is drill into the causes of that one bad quarter, right? Is it because there are problems that are continuing or potentially going to continue or is it like a blip basically? Is it something, is it a problem that it was because potentially coronavirus outbreaks which we have a vaccine for now? So could it be temporary? Could it be a temporary situation or could it be a longer lasting situation? So again, judging on whether the GDP is either, is it a longer lasting problem or whether it could be potentially the temporary problem? That's when I will start to look for potential issues and changes and the same thing, applying the same thing with inflation, even though inflation is a lot harder to predict. Generally, again, you still wanna look for inflation trends, right? Where is it trending towards a 2% target? Is it, and again, depending on where we are right now, are we close to that 2% target? Are we suffering from deflation? And also as well reading up on our fundamental analysis, right? We have to keep abreast of the news. So generally, when you're reading the news, you will tend to get a general sentiment and an idea as to what the financial institutions are also thinking and what they're concerned with, right? So it's a feedback loop. We do our fundamental analysis, right? So we're here, let's say for example, and then we come to a conclusion, right? And then our conclusion, I don't know if this is the right type of a diagram, but basically what we're looking for is like a feedback loop right where we do our analysis and we come to a certain conclusion and then we're looking for confirmation to confirm that analysis, right? That's pretty much what we're doing and we go round in a circle. If there is, I guess, a break in that, let's say we do our analysis, yeah, but the banks and the financial institutions are saying something different, then it gives you pause for thought, right? It gives us pause for thought and we might think to ourselves, well, there's something not right here. If I'm doing my fundamental analysis, but the banks are saying something different, then is it or the forecast saying something different as well, then is there obviously a problem? So it's almost like we're continually keeping on top of the data for us to continually have our fundamental bias, but when does it change? Again, it takes a lot for it to change, but it's a mixture of sentiment, it's a mixture of reading up on the news, it's a mixture of certain data as well, again, GDP, inflation, forecasts, et cetera. But overall, we have to kind of balance just changing our view every time we get some bad news, because we could have, for example, lots of good news, right? We could have one news, those are news events, brilliant, and then we get one news event that isn't great, yeah? Does that mean, does that negate? Does that mean I should change my mind about all the other potentially good news? Like no, for me, it has to, I guess it comes down to, it's almost like a weighing machine, right? If you're jumping on the scales, you have to do the pros, right? And the cons, yeah? And if you've got more pros and cons, continue with your bias. If you've got more cons than pros, then you might want to start to change your bias or just not trade that. Morning, CalMog. Yeah, no worries, no worries, mate, you can just listen in. So that is really where my bias will change, for example, where I haven't had, when was the last time I changed my bias, okay? My change of my bias would probably be mainly this year. It's probably been Euro dollar, yeah. I was just gonna say it's been on the Euro dollar or the dollar Euro, right? And if you go back to those videos where I guess I have changed my mind, it has been due to GDP and potential inflation. So as an example, as an example, right? Let's go to the chart. Euro dollar, right? So last year, what were we on the daily? Yeah, so, sorry, one sec, guys, one second. Sorry about that, guys, apologies. Right, so Euro dollar, so changing my mind and changing the bias, I guess, for the Euro dollar. So beginning, so pretty much all of last, we'll say all of last year, but from around July, August, we were long. If you go back through, in fact, the news articles on the Euro and on the dollar at the time, right, news articles, United States, if we scroll all the way back, I don't know how many articles we had to kind of scroll back through, but in general, we were looking at kind of long trades. There was the election, you have to remember that there was the election coming up and we were generally long Euro dollar. There was a lot of dollar negative sentiment, et cetera. Towards the end of January, there was news and I guess data supporting an actual dollar short trade. So what was happening was there was a shift in for example, GDP and also inflation, right? Because what was happening was, is if you saw the dollar index around, because you had all of this pretty much movement here as far as the dollar getting weaker, inflation was going higher and there was a potential shift in the bias and the recovery of the Euro dollar overall. Also as well, Europe were lagging behind in terms of the vaccine rollout, right? The U.S. were vaccinating their citizens at a much faster rate than Europe. Europe were having problems. So I changed my bias towards the end of January. Yeah, I think it was like 25, 27, 27, something like that. And pretty much you could see what happened. Bias didn't change until probably somewhere around here. Somewhere I was still short trying to get short at certain places. We lost a few trades on here and it was actually a bit confusing from, and I actually thought, fundamentally I think I was still right, but I think what was happening was is that the market was still was pricing in a Euro recovery. So they were pretty much potentially trying to close the gap. It turns out in fact that didn't actually materialize even though it was kind of like a buy the rumor, sell the fact kind of thing. And then what we've had is again, from a changing of our bias, if you want to change your bias on it, if you kind of switched your bias to go long euros, which I did kind of halfway through this move up, not necessarily against the dollar, but against other currencies. I was probably, I was more long euros, especially like Euro Yen, for example. That was where you wanted to probably potentially go long euros and then maybe about a month or two later, we had again, recently a massive shift in a surprise hawkish bias for the Fed where they were talking about potentially now hiking rates sooner rather than later. So what's happening is now again, is that the European Central Bank are really kind of holding or lagging behind, whereas the dollar is now looking at hiking. Of course, the data has to support the narrative, but this is the reason why you're seeing things like this start to happen. But the point again, being is that when do I change my bias? It's only really when you have some major news events or when the data, right? When the data supports a change. And I'm not talking about, for example, things like home building or retail sales or anything like that. I'm talking about the big news, like unemployment, GDP, that type of stuff and employment is when I will start to change my mind. And again, there also has to be a trend as to, it can't just be one bad unemployment figure, right? That might set back the Federal Reserve or the Central Bank from hiking, but it won't necessarily deter them totally. They'll just wait for good data to come in. But you want there to be an upwards trend, at least two or three readings of a positive trend before you start to, or negative trend before you start to change your mind when it comes to changing your mind on the data. So I don't really change my mind too much, to be fair. And if you've been with me for a while, I rarely change my mind. I might go from maybe being bullish on something to maybe not being or just not trading it. It rarely goes from bullish to bearish, if you know what I mean. It will go from maybe trading it to maybe being undecided about it, do you know what I mean? Generally, because if you think about the trades that I've been talking about this year, I've been long Aussie, Canadian dollar and a New Zealand dollar since last year, maybe about November times, October, November times. And this was ever since the vaccine rollout and I haven't changed my bias. And I've been sure on the Yen and the Swiss franc, yeah? And I've been mainly trading these pairs. Yeah, there's been some other pairs, of course, Euro, Euro dollar, et cetera in the mix and stuff like that and even pound, pound Swiss and pound Yen. But in general, these have been the pairs that I've literally been trading and my bias hasn't changed. And I think a lot of traders do get caught up in changing their bias every week, you know what I mean? Or every couple of weeks, as soon as there's good news or bad news, they try to make money on every single up and down move. And this brings me actually onto quite a nice, say nice, but a bit of a subject on understanding risk sentiment as well. And I did mention it in the talk and it was really to do with the ultimate goal for me is to buy at value. And it should be for you. If you trade or if you invest, for example, if you invest for the long-term, you know, you've got an ISR or you invest in stocks, commodities, et cetera, bonds or whatever it is, you're thinking more long-term, right? You're thinking more retirement, et cetera. And if you have that mindset, it's, and I do, I apply it to trading. So I tend to have more of a medium to long-term view when it comes to my trading. And so if I've got a view on a certain currency pair, let's say, for example, Aussie yen, right? The only way I'm buying the yen, only way I'm buying the yen is if there is sustained risk off, right? So we go back to, you know, total lockdowns, not temporary lockdowns, but, you know, there's no vaccine that's gonna help anymore. The Delta variant or any new variant is just, you know, wiping people out, right? There's real concerns. I understand that we are going into certain local lockdowns and cities are being locked down, et cetera. But from the perspective of my overall long-term view, you have to think about vaccines. You have to have faith, yeah, that, you know, we will get back to some sort of normality and that we will find cures and ways of handling these things, right? So in the short term, so in the short term, you're going to see some pullbacks, right? You're gonna see the market might trend down, you know, a couple of hundred pips, right? But if we understand that when, you know, the longer-term view, right? If you understand the longer-term view, hopefully we should, yeah, be longer-term bullish, right? Now, in this period of time, in this period of time, that might be maybe, you know, one month's trading, right? That might be maybe three months trading. Who knows? Now, I have to still believe that in the global recovery narrative, even though there are times where there's gonna be some risk of sentiment. But my perspective is I'm just gonna continue to buy a potential demand zone to say, for example, that's a demand zone, right? Right? Because when things turn around, the upside potential is massive, yeah? So all I'm doing is I'm just literally, as long as the data supports the narrative and as long as, you know, the Australian dollar has a higher interest rate, you know, you're looking at carry trades and as long as they're ahead of the Japanese economy economically, yeah? For me, risk off, yeah? Risk off, meaning when the yen strengthens, when we get pullbacks or deeper pullbacks, it's just buying opportunities at levels. That's how I'm looking at it. Now, there is another school of thought where you can, you know, try to trade risk off, right? So you're trying to, you know, go short here and then you're trying to go long here and then you're gonna try and go short there. For me, for me, and I'm not saying that you shouldn't do it, right? If you can do it successfully by all means, you're a better trader than me, right? You're a better trader than me for sure. But for me, I find it difficult to go long and short regularly. I find it easier. I find it easier. And what works for me is to just look at certain, you know, key levels, either CPR, stop hunts, daily supply and demand zones, and then look for trades in my bias. I don't care if the market has been trending against me, you know, all week or all month. It doesn't really concern me because what does concern me is I can take, you know, a few losses, right? I can take, you know, three, four, five, six losses. That's fine, seven losses in a row. Brilliant. I know my downside risk, right? If I'm risking, you know, half a percent on a trade and I risk and I lose 10 trades in a row, then I'm only losing, you know, 5% of my account. Yeah, but if I'm right, if I am right about when I am, when I am right, I'm not gonna write in every single trade, of course not, but when I am right about my trade idea, yeah, my upside potential, well, there is a limit to it, but it's definitely gonna be more than 5%. So overall, I'm not concerned with the downside, yeah, and losing trades. I'm just concerned with when I'm right about trades, I'm gonna make more than when I'm losing trades. Yeah, does that mean that I'm, you know, you're gonna make money every single week or every single month, et cetera? It doesn't, that doesn't concern me in the short term, but what does concern me is making money when I'm right and when the market agrees with me. That is what I'm really concerned with. Now again, everyone has their choices. Everyone does have their choices and everyone can say, well, you know, I've missed out on this downtrend which would, you know, was maybe, you know, two, 300 pips to the downside. Again, that's your choice, yeah, that is your choice. I think personally a lot of, if you do have that mentality as far as a real pure trader's mentality, then fine. But I like me, I like to combine, yeah, fundamentals with technicals, right, and I'm sitting in here. That's me, yeah, that is me. I'm somewhere in the middle here and I'm combining both. My fundamentals are saying to me, go long, yet prices are doing something different. Again, I understand that, do you know what? Yeah, you can, you can, Mark, you can add a question. I understand that I'm just buying at value, not knowing exactly where markets are gonna turn around, but when they do turn around for me, my upside is gonna be more than what I'm gonna lose on the downside eventually. So with that being said, I think I might have just covered what does that change, does my bias change fundamentally and my overall outlook, selecting feedback just quickly as well while I've got, you know, quite a few people in here. Just to remind you guys, please, please, please, and it's like I'm begging you guys to post stuff. Like, sorry, when, the reason why I constantly ask you guys to post things is because it really benefits you if you post charts and post to trades that you're potentially taking, yeah? It's not about being right or wrong or just before you take them, for example, right, and getting feedback because the benefits of mentoring, right, the benefits of mentoring is to get really direct feedback and understand, you know, before you potentially take a trade if you're doing the right thing. I'm not saying whether you're gonna win every single trade, not at all, that's not the whole point in this. This is the point in it is to understand that you're doing the right things, yeah? Whatever your mentor is showing you, right? Me being your mentor, for example. Now, there's a huge difference to, you know, watching just videos on YouTube or, you know, any other, if you join any other course, right? Any other course, watching a video is still not, you're never gonna get the feedback, yeah, that you need in the intricate details that you need in order for you to understand whether you're doing something wrong or you're missing something or getting another perspective. I don't know how many of you have been in other trading rooms, right? I don't know how many of you have been in other trading rooms and other chat rooms and things like that. How many of you before me? Has anyone been in any other forums, any other trade rooms or anything like that? Yeah, no, yeah, no, yeah, no. Anyone? No? Oh, you haven't, Eddie, okay, whoa. You kind of skipped the line and I'll tell you how it is and I've been in several. You don't get feedback, right? Yes, wherever it's a signal group, wherever it's a signal group, yeah, it's, yeah, it says I'm sure signal groups don't count. It's a place where you can easily undo all of your hard work, absolutely. I watched a couple of vids, but this is, oh, okay, so this is maybe your first one, all right then. So you've kind of jumped, skipped the queue, but I'll tell you what, I've been in a few, yeah, before when I first started, I did have a few, right? And one was actually quite good, similar to this, not necessarily as hands-on, but one, I can't lie, there was one that was actually quite decent, but generally, I've been in maybe about six or seven over the years and not, again, not to talk bad about anyone else's service, but because they run it how they run it, right? But there's no way you get this level of feedback, yeah? You could post a chart and the person who is, or the people that are supposed to be giving you direct feedback will not give you the direct feedback in the detail and the videos that you will get from me, I can, I can, and I'm saying that there's nothing out there like you, like me, not never, of course I wouldn't say that, but in general, a lot of the, from what I see and what I've been through my experience, it's not beneficial, you just literally sit there in a course, in a room, and then people just chat nonsense and they talk about things that are just totally irrelevant, they bring other things into trading, into their forums and it's really a mess. In order for you, mentoring is about that feedback loop, right? What am I doing right? What am I doing wrong? But the only way you're going to know whether you're doing something right or wrong is by participating. I can't read your mind, right? I can't read every one of you's mind. You have to take, I don't think, maybe you don't appreciate it, right? But trust me, after searching for a mentor, a trading mentor, right? And how lucky I was and how fortunate and how blessed I was to come across my mentor and that changed my trading, trust me, mentoring is not one of those things in the mentoring that I do or Mark Chapman does is something that is commonplace, right? It just doesn't, it really is very, very, very lucky to have any kind of trade in mentoring. And think about it like this, right? Think about it like this. Your popular YouTube, Facebook, Instagram traders, right? Do you think they actually would have the time to get back to you personally and make a video for you when they've got thousands, hundreds of thousands of traders? Do you think that you would even think about getting the feedback that you would on your chart when they've got thousands of people posting charts, chatting nonsense and doing whatever? They're probably driving their so-called Lamborghinis around and now they trade on, trading on the beach and eating at expensive restaurants all the time, you know what I mean? Like they haven't got, do you think they got time to get back to you and your chart, see if you're doing what you're following their instructions, no, right? And they won't. So my whole point is just to wrap this up, definitely, and I'm begging you, you know what I mean? I'm begging you guys, just post charts. Don't just talk about it. Don't just say, oh, all right, then yeah, I'm getting in long on a Euro, on a Euro dollar, you know, or this, that and the other, like post the chart so I can see exactly what you're seeing, then I can give you direct feedback. You know, I mean, it really will help. It helped me use my brain while I'm here, you know, while I'm here and I'm saying I'm going anywhere, but if the unforeseen was to happen, and let's say for example, you know, trading 180 was to stop, believe me, and hopefully you're not out in the wilderness, right? But use my brains, use my brain for sure. So let me just, I'll go into selecting a trade idea and having patience.