 for attending today's webinar. It's brought to you by TickMeal and we are on the Tuesday's live webinar at the moment and I guess you guys just check earlier on you guys can see my screen and as well as hear my voice. So welcome, a big welcome to you guys. Thank you very much for your time in joining my webinar. I will be looking into the live chart onto the MT4, TickMeal MT4 platform and we'll be going through a couple of trade ideas with you doing a bit of a market analysis using geometric patterns as well and a bit of a play with price action looking into price action as well. So I've got the TickMeal presentation slide right here and I would like just before we start right through very quickly read to you the webinar disclaimer right there okay and here it's just going to take about a minute or so less than that. So trading financial products such as CFDs on margin carries a high degree of a risk and it's not suitable for all investors loses losses sorry can exceed the initial investment. Please ensure you fully understand the risk and take appropriate care to manage your risk and on top of that I would like to just add with regards to the trade ideas it's not you know 100% to to to just tell you what to trade and things like that. So it's for educational purposes only but of course we have got the we have got the techniques and skills that I would like to share with you on geometric trading method and geometric patterns analysis so various others that you as the trader could actually apply that practically onto your trade you can always start with a demo account and have that decided by yourself on when would you like to go onto the demo account and do actually contact your account managers for any any questions with regards to your account or anything that you know with regards to the broker TickMeal itself. Okay guys so let's just start I've got a couple of things I would like to share with you tonight this evening and we have got firstly I would like to go into the USD JPY right there the reason for that is because of last week's analysis as well I mean we have been giving some trade ideas in my community group as well as the effect geometry group as well as onto the market and looking at experts as well have actually you know looked into the USD as bullish you know giving bullish sentiments for the USD as well but I want to bring you straight onto the chart you're looking at the USD JPY on 30 minutes at the moment and you have seen that some appreciation have actually gone up I would like to you know help you understand the market by looking at the chart overall compare at least three time frames to understand the trend and once the the trend has been you know understood or determined clearly then it would give you a a better idea on what on how to proceed with analyzing the market further including drawing patterns and identifying price action support resistant levels and all that kind of thing okay so what we want to do is we want to look into the market mainly comparing time frames a set of three time frames would actually do the job quite well so I usually start off with a one hour chart as I've mentioned four hour and daily but just before that I know some of you guys may be wondering what are these three lines that I have got I mean I've covered that already but I would like to just mention to you that before I start my trend analysis I usually have three exponential moving averages applied onto my screen and by no means it's used to you know it's used based on crosses or anything like that no nothing like that but I will explain to you how do I actually use three exponential moving averages on there so the three exponential moving averages or EMAs are the 50 exponential moving average the 100 as well as the 200 they're all applied on close so you apply one by one and then you could save that very easily as your template and upload it at any time okay so I just want to give you a bit of an idea you go on to the insert for those of you guys who are new totally with indicators let's say you go on to the trend because it is a trend type indicator so I'm solely using it as a trend indicator okay not to enter not not to exit so if I go on to a moving average right there as you can see you've got the period right there right so you start off with the 50 and then you insert the 100 and then 200 so there are three types three types of exponential moving averages that's on the screen every time that I trade I have these three on okay and then make sure that the MA instead of a simple one I'm using the exponential one mainly because I've been using it for the past seven years it's been really good to me and I see that there's no you know reason for me to change moving averages and things like that it's been working really well and for your information the three exponential especially moving averages 50 100 and 200 are the same ones that you would see applied on various you know big channels big you know business channels like Bloomberg CNBC or even CNN so when they actually you know sort of highlight certain pairs you'll see that these three other ones that they actually use as well so you've got 150 to 200 and once you apply that make sure it's applied to close and then you choose the colors that you want as long as you can differentiate between the three okay so here for example what I'm looking at usually is I'm looking at three charts three time frames so I start off with my one hour I'll compare that to my four hour and my daily chart what do I compare I actually don't compare but I am match so I would like to see whether or not there's a match of trend in three time frames a set of three time frames so what that would do then is to give me an idea of whether that trend is getting stronger so if you've got a an uptrend you need to understand whether or not or ask a question whether or not that uptrend is getting from it's actually getting from strong to stronger or weak to weaker that's basically it okay so you you don't want to be looking at a trend on a one time frame on just one time frame and look at it as strong but then on the other side of the world it may actually be weakening so because for example you are here in this part of the world and you're looking at an Australian dollar and for example the in Australia it's already you know past work time there's no office hours anymore when people are you know relaxing at home and things like that so as you can see you know everything quietening down there it's not working time there so it's not your typical nine to six time there so a trend wouldn't actually be strengthening at that time you see because it's sleeping time at that time so that's just basically it you know because it's driven by human beings at the end of the day so this is what you want to be understanding is to get more data so if you've got a combination of time frames that actually means that you've got more data that's fed into it to give you a better bigger picture okay that's basically what we're going to do now what do you want to actually look at our two things when you look at each time frame the set of three time frames when you start off with one time frame you want to be looking at two things which are the three the way the three exponential moving averages are actually moving that's number one number two you want to look at the position of the candles whether they are above all three lines or they are under all three lines that's really really important okay when they're actually above all three lines okay that actually means that they're you know the bias is bullish and if they are under all three lines for example and bias would be bearish now the further away the candles are traveling above the stronger the trend okay but that's why I put it as number one to actually look at how the three lines are actually moving now I'll give you an example here if you've got three lines they're not tangled they're not entangled they're not touching one another and they're actually separated quite well and they're following the direction of the trend then that's a very good sign so this one here you've got candles let's say this area here you've got candles under all three lines correct and then you've got all three lines are separated to one another and they're pointing down to the floor as well so there you've got there you've got a strong indication of a bearish trend right there okay and it's totally opposite for the uptrend on the uptrend you want all candles to be above all three lines and you want the three lines to be pointing up towards the sky as simple as that so you've got these two things to actually really look at when you want to determine the trend now here for example what if you've got candles in between all three lines when you've got candles in between all three lines like that okay this indicates a sideways uncertain type market okay so you don't want candles now at a glance you want to actually cut your analyzing your your market analysis time by just going through three times three time frames and not proceed further if you have caught the candles at the time to be in between three lines there's just no point doing anything else okay because it's uncertain if the market is in doubt you as a trader should stay out as simple as that okay so here for example you have got candles in between but then current candles they are above all three lines but remember i've mentioned that you need number one to look at how the three lines are actually moving currently okay the three lines here you see they've you've got a bit of a touch right there between the 50 and 100 moving average correct you see and you've got these three lines just traveling sideways they're not pointing upwards they're not pointing downwards so that actually means that the market may actually go into a little bit of an uncertainty with regards to trend okay so very simple you've got all the candles most candles these big candles right here they're pointing upwards of course and they're actually above all three lines but that the the position of the candles are not matching with the way the three lines are actually moving so you've got a bit of a mismatch okay you've got a bit of a divergence going on right there you've got it's not it's not matching properly so it's not giving you that clear idea you need this these two to be ticked and then you can actually proceed to understanding that yes it is an uptrend yes it's a downtrend at the moment with that time frame but at this stage i must say it's still uncertain because the two doesn't actually match okay so you've got that going on at the moment let's just see whether you've got a you what's going on with the four hour chart in comparison to the one hour that we've just seen now look at what's going on you've got the three lines traveling very nicely to the downside that the steeper the three lines are traveling to the downside the stronger the trend is but this moment of time you've got these three lines pointing let's say like a four o'clock direction if you look at your your your watch or your clock if you've got three lines the angle of the of three lines let's say if i zoom out a little bit okay you've got this angle right here now if i zoom out you've got that angle not four o'clock anymore that is quite a five o'clock type angle which actually indicates that there may be a strong type trend or bias to the downside okay but the the problem with it is that it doesn't really match with the way the candles are currently moving because you've got candles entering the uncertain zone meaning that they are in between all three lines if they're in between the three lines it's just that it's uncertain a market is in doubt at the moment or they are waiting or they're positioning and they're waiting for something okay so they've not taken you know their their orders further so it's not probably appropriate for you as a trader to actually enter the market at this stage and things like that because the market's still in doubt so you've got all the all the candles i mean majority of candles now for example you see that one single candle touching that line right there is in between basically considered in between three lines so now you've got one hour that you've actually just seen to be uncertain mainly because you've got candles above all three lines but all three lines are not really pointing to the to a strong trend direction okay so it's uncertain on the one hour chart on the four hour chart very clearly uncertain as well we've got three lines pointing downwards but you've got candles position in between three lines if you've got uncertainty on the four hour chart now we move on to the daily chart now with the daily chart it's a little bit different in terms of its trend right you guys actually could see that and perhaps you guys can make that decision and say that candles are under all three lines and they're quite far away reasonably far away from all three lines quite far under correct and you've got all three lines pointing downwards you've got a bit of a touch right there but they're separated to one another giving you a bit of a bias saying that on the daily chart it is actually giving you an idea that it may be some bearishness more bearishness to come okay but you could actually regard the one hour as your short term okay your h4 or four hour as your medium term and your daily as your long term so what that actually means is that yes it could probably fall further or more bearishness to be expected but more towards the long term okay because it's clearer towards a long term as opposed to the short and medium term okay I hope you guys it's clear for you guys and the trend analysis side of it and how do we actually use the three EMA lines as your indication of trend okay with with respect to the the way the candles are moving okay okay so I hope that's actually been clear now the other thing that I would like you guys to look at is you know you're actually crossing sort of like cross crossing the highway a very very busy highway of the foreign exchange market when you're actually looking at the chart why I say that is because you could actually literally look right and left when you look right you're looking at the price now current price whether it's close to a psychological level and things like will cover the psychological level on Thursdays because Thursdays are the days that Tickman will be organizing this webinar through me in conducting tutorials on specific topics so we'll cover money management risk management in different days and different you know covering topics on different days so we have got of course Fibonacci as well covered ratios and both about psychological numbers now I'll just be very brief on the psychological number side because we will cover that in the tutorial section on Thursdays okay so here for example on the right you have got 107.53 okay that is a price for USD versus the yen and 107.53 53 is the two digits the last digits at the very back which is three or two we just omit that so I would like only two decimal places right after the decimal point okay so I look at it as 107.52 now 52 itself on its own it's really close to the 50 psychological number what that actually means is that there may be a reversal you know due very very soon within 10 pips also okay within 10 pips above this price current price now or 10 pips below there may be a reversal due the reason is because price now or current price is just too close to the psychological number of 107.50 now when you look right you look at the current price and you compare that I wouldn't say compare that but to relate that with psychological numbers how close is current the current price to the psychological levels okay that's one when you look right now when you look left because you are a buyer at the moment and you're looking at this what you call that a strong candle bullish candle going up so if you were to be in the market for an up candle this would be you as a buyer if you are a buyer when you look left you need to look at your competitor which which could which would be the sellers correct the sellers are the one that will take you out when you are buying correct so you need to look at the sellers if you're buying you need to look at sellers to the left as well as significant support and resistant but now for example when I look left I don't see that resistant power I don't see a market falling previously but I do see the market rising or have risen in the past and it was quite a big rise up because you're looking at the daily chart and that big rise up right here is right up to about 750 pips more or less 740 plus pips okay so that was a significant rise of price for the USDJPY at that time that was roughly at eighth of last year in september okay so that itself was a significant rise why do I look at that price there because why do I look at that support point that push of price up at that time because it is really really close to the current price now so hence the reason you want to look right for your price current price in relation to psychological levels when you look left you want to look left the current price in relation to previous significant rise of price or fall of price here very easily and very obvious there is a there was a very big significant rise of price a big support area right here so based on these point right here you can actually draw two horizontal line that would mark your support zone due to how that was a very strong support so what do you actually do is you draw the first line on the lowest body that you can see very very simple right you draw the simple line simple horizontal line okay based on the low lowest body and then you proceed to drawing it on the lowest wick that you can see okay so once you've done that you have got two lines now this is ideally the best way or proper way of drawing a support resistant zone or area now it's probably best not to ever draw your support resistant based on only one single line because it's really really risky and it's not giving you enough data okay and you need data and appropriate correct accurate data when you're actually drawing analysis on the chart especially okay so here for example now you could easily see that hence the reason you have got an upward type candle on the usd jpy daily chart may actually have a little bit of a trouble in really proceeding upwards or you know downwards mainly because price now or current price is trapped between two lines that marks a significant support okay so what that actually means is if you would like to see or expect more bullish power then the candle current candle or a group of candles need to pierce through that zone that we have just drawn between this using this two horizontal red lines okay so the upper line was marked at 107.80 0.80 is a psychological level on the dot okay 107.28 0.28 is close to another psychological number which is the 20 psychological number so what it means is very simple if you would expect more bullish power more bullishness you need price to pierce through this zone and go above 107.80 and above at this 10 pips above like 107.90 let's say then you have got a little bit more power to to see that the bullishness would most probably take place a little bit more okay once it has passed through but then what if it actually goes opposite direction if it does actually go opposite direction and go through and come under the zone then the biasness would be more I would say stronger to the downside mainly because current candles are already under all three lines and this is based on the daily chart but again we didn't have a very good match with one hour for our daily now usually in order for you to increase your probability and lower your risk it's by matching at least three timeframes with a trend and when the trend is strong not only strong but strong to stronger because you've got three timeframes matching with the power of the current trend if you've got that going on then you've got a higher probability in entering the market with riding that trend at that moment of time okay guys I hope that's clear for you guys you guys are getting this any questions at all you guys are all right any questions at all at this stage anything that I've actually mentioned earlier on that may actually need a little bit more clarification by any chance okay Kara thank you very much for that appreciate that okay good so that's been clear so that's your USDJPY on the daily chart right so now if I go into lower time frame you can always pick any set of three time frames okay now if you've got small equity under the 500 mark dollars it's probably best for you to start drawing analysis and do all kind of analysis based on let's say lower than the one hour up to the one hour time frame but the four hour and the daily and all that usually it's probably best if you've got bigger equity on that mainly because a lot of traders they make a a big mistake I would say whereby they're they're drawing and drawing their analysis and all that based on let's say a daily or a weekly chart and then you're based on that movement on the weekly and daily chart but then you're trading with small capital like 500 or even 100 or so what what would then happen is that that's that's one of the reason how your account could be blown up like really easily mainly because when you look into the daily chart or the weekly chart you're expecting really big big corrections and big reversals these reversals cannot be sustained by your small equity account in your account okay I hope that makes sense so in other words very simple if you've got lower time or lower equity you look into lower time frames you got medium size equity then you look into slightly bigger time frame and you've got you know 10 000 US dollars and above then you can actually afford to draw your analysis based on the four hour daily chart maximum not really the weekly or the daily weekly or the monthly that would probably be left to swing type traders who would leave it open and basically bigger equity as well all right hope that makes sense okay so the USDJPY on the on the 15 minutes chart you have got prices coming downwards now okay and it's still up above all three lines here three lines are pointing upwards on the 15 minute chart as you go into the 30 minutes chart you've got a bit of an entanglement that we have noticed earlier on as well okay but then it's high up there but you've got a bit of a correction now now the other thing as well with corrections let's say if it's an uptrend and you've got candles coming down now if they come down and it's usually the the correction are usually at either one of the exponential moving average what I mean by that is let's say you've got okay like this one here is a downtrend okay and price came down and you see how it found a found sort of resistance at either one of the lines or group of lines come down and then very close to the line again now this is the same with our support as prices go up come down go up again and as it comes down you see you've got support there now if you've got support resistance at either one of the lines it's usually a good sign as you can see usually the power it's like a springboard you know so here for example if it goes up and then come down hence the reason you see a big spring upwards mainly because it found support either one of the lines or all of the lines is usually a very good sign okay all right good sign for giving more power to the trend to kick up all right so here you go that's your usdjpy right there now I would like to also because I don't see a match I find that the probability is higher and the risk is lower when I see a match in trend in three time frames then I'm ready to draw patterns and show you that so I would like to look into a pair that actually has got you know some potential in terms of trend really strong and everything else is looking quite good so it's probably quite ripe to draw a pattern so I just would like to see whether I've got that pair ready for you now let's just see at the moment I mean you would probably notice that you've got more movements today as of market opened us time three o'clock little muscle cypress time that's where you see loads of kicking up of trend but not yesterday yesterday usually you know usually on Mondays is a little bit slower but we have got this week coming up with the loads and loads of opportunities for you mainly because it's going to be a very very volatile week and you've got lots of volatility lots of volume lots of liquidity as well in the market mainly because you've got the new federal reserve chairman as well reporting life with his testimony tomorrow he testifies tomorrow not only that we've also got you know things happening in Europe the eurozone as well expectations of a lot of things you've got policies from Trump and a couple of other things to match up with the new federal reserves position as well and you've got speeches going on with the with brexit's situation and status so that's basically going to you know be bringing up with a lot of trading opportunities for you guys but with trading opportunities of volatility also got a risk so you need to actually measure your risk really well so here we have got let's say NZD I think probably start off with the euro USD as one of you know most liquid pair as well it's one of the biggest major pair euro USD let's just see what's going on with the euro USD very quickly okay I would like to help you and guide you in time management when you do market analysis so very quickly all you do is your trend analysis and you've got your three EMAs right there we're looking at euro USD we start off with the one hour chart as you start off the one hour chart you look into the position of candles number one number one is the way the three lines EMA moves okay number one but don't don't forget that then you've got your candle movement the number of candles the current candles are they actually under all three lines or above all three lines so here itself very easy three lines moving sideways they're not pointing downwards they need to actually follow the trend and the candles okay this one here is a mismatch so one hour chart okay throw that out of the window because it's just not giving you that clarity of trend now the same thing goes for the euro USD on the four hour chart now on the four hour chart here you can actually see that prices are indeed you know falling so a lot of traders what they do is that they straight away make up their mind and say that oh it's a down trend because you see you've got the candles going down now it's not really wise to make your trend decision decision of trend through your trend analysis just based on a single candle or you know two three big candles like that doesn't actually make any you know sense to actually follow that because that's basically how you may be taken out of the market okay so this one here you throw out in the window as well four hour charts not giving you a very good clarity of trend mainly because of the mismatch now here on the euro USD daily chart long term you have got a little bit biased I would say to the upside mainly because of the way the three lines are moving to the upside you still have candles above the three lines but not very far above you've got the candles now moving downwards and they're actually finding maybe potentially finding support at this line right here okay now I want to go back to the one hour chart now when you're looking at candles moving like this okay I'm just going to the four hour chart because you've got more data and it may be a little bit clearer for you okay so here for example you're looking at the euro USD on the four hour chart now you see that it's already not very clear in terms of trend because you've got a mismatch correct you've got mismatch between three lines you've got mismatch between three sorry between the three lines and the way the candles are moving they're actually moving under but then it's it's mismatched with the way the three lines are actually moving sideways okay the sideways is a three o'clock type angle that gives you the sentiments of uncertainty holding the position not sure yet waiting for something big to happen and then right along the trend so that actually is what's happening probably okay even though you've got this one this big candles down here now the big candles are falling and they are bearish candles driven by sellers correct now on the way down as sellers sellers gets really excited go downwards let's say they they sell and they sell okay so the the longer the candles would actually be but then all these candles who would they be taken out by they would be taken out by previous buyers by previous very strong significant buyers so how do you do that to know where they are where are the location of these buyers that might actually just turn the market around and push it upwards you look to the left you see you've got some support right here now this support here is quite a strong support mainly because it found support on the spring of the 200 exponential moving average okay so you've got that area to look at you've also got that area to look at okay even though it didn't touch any one of the line but that one there is much a stronger support area correct so all this group or family of candles is what you want to pay your attention to all right you want to be drawing a support zone based on that family of candles right here to give you an indication of where the the fall will stop and may actually start to rise okay so how do you do that you do that by drawing two horizontal lines very very easy right now you look at the lowest candle that you can see in this family of candles the lower body is here not that one there not that one there but the lowest body that you can see is right there correct so you draw a line on the lowest body okay and then you proceed in drawing the line based on the lowest wick lowest needle right there you go now you have got two lines very very easy but the two lines that marks a significant support area now you can look back and see how on those lines on the these two lines that you've drawn that's where support has actually happened you've got some more support you've got support more support more support and a very significant support right here this is quite a significant support mainly not only because it's sprung forth from the 200 millimeter average but look at the size of it that's about 350 pips or so okay of that rise up and it went through all three lines it went above all three lines and see it reached up there so that's quite a significant support now with that significant support you've drawn a significant support zone so that support zone has now marked exactly where the wick of the current price or current candle has actually arrested upon again it is confirming that this area may actually be a very significant support zone okay does that make sense for you guys yeah now let's just prove a point if you go on the daily chart excuse me for that i still have this bit of a cough going on so here for example if i just scroll and we're looking into let me just make sure we've got the rate lines that were marked by the rate lines right okay good so if i zoom out and look at the big picture i want to look at the the two lines again i just want to scroll and make sure and look at how did this how did the previous candle behaved in respect to the two rate lines that marks a significant support in the past okay i just want to look at it now look at this one here now back in that was back in in 2012 in august itself there was a significant rise from that area from the area we have just drawn today okay significant rise has brought to about 900 plus pips up of course it took some weeks months and years the years basically and and then it reached right up there but then it actually sprung from the two lines area that we have just marked off today okay so that actually is a very very significant support so that's just to confirm to let you know that here this area is a very very strong support so you need to watch out for this one here so it's a really no point to actually be excited with selling the euro usd when you're actually looking at just the candles if you've got less information what you would do is make mistakes okay so when you actually make mistakes then you you know we'll regret it later on of course but then you you know you you go into the market without extra data now you need these extra data and they are actually very very simple to actually have by drawing simple lines like i've just shown you guys so here for example yes you have got traders maybe they got really excited initially and then they go into the cell and then they wonder oh why is it actually not going to my direction now that's mainly because you've not looked to the left of who may have been your competitor and that's basically competitor zone that you have actually entered so the sellers have actually entered an area where it could easily be turned around okay overtaken and push back up okay mainly because of that that and the one that we previously have seen as well okay hope that's clear now this one here just that this simple rule of understanding trend using exponential moving average and also looking left and drawing your support or resistance zone okay remember not a single line two lines these two itself would actually cut out your risk and increase your probability okay just by that simple action that you've just done now once you've actually have had a clear indication of trend is usually how i start drawing patterns so i would like to first go on to a chart that has got some clear indication of trend before i decide to draw patterns okay um and that how do you actually make sure that you've got some clear indication of trend is by knowing that the three lines are pointing upwards okay and you've got um you know candles trading either above all three line or under all three lines that's just it sounds as simple as it is and this is basically what i've used as a trader for the past 10 of the years and basically this has actually been working really well and combined that basically with the other ingredients like chart patterns usage of psychological numbers fibonacci ratios as well and these are ingredients that i will be laying it out or forth to you guys in a form of topics for the course on Thursdays by take me home okay all right so let's get going with some excuse me trade ideas for you guys let's look into the gvp versus the usd before we look at gvp because this is our mainly because i would like to point out some very very significant support zone as you can see i'm sharing with you now on my screen gvp usd on the four hour chart on the four hour chart you could see that price is trading at the moment at 1.391617 okay and you have got that candle right there that's that could easily be you know people call it a rejection candle and things like that now i don't really base on candles that much nowadays i look into price action a lot and i try to look at left a lot and then right on the psychological numbers a lot before i proceed in any other thing so here itself just based on price action itself you could see that prices i mean price now is at that price but it's actually gone down pound support and just went back up with that single candle right away but look left you've got support right there you've got support support all these touch points of support and quite a significant support right there this is on a four hour chart that significant support was worth about 400 plus about 400 plus but almost 500 pips okay so that basically is another indication that yes prices now candles are depreciating you've got candles coming downwards but again that coming downwards are by sellers and who would the sellers be challenged by it would be challenged they would be challenged by buyers so you've got buyers buyers buyers but the one that my eyes are looking at is the significant support at this area right here okay that's way that's how i've drawn that you know lowest week right there and things like that but it's based on this one here as well when i've actually drawn that one here it's sort of complies with this area right here so you've got quite a nice zone right there now let's just double check this zone that we've just drawn and look at how prices in the past candles in the past have actually treated that zone that we have just drawn for the gbp us okay okay now when i pull it back right to the very you know quite far back now this one here is as far back as uh 2016 okay um 2016 two years ago in february um yeah 29th february so there that that uh that was a significant support that has actually pushed prices up uh by thousands 1100 plus plus pips okay of course it took some time okay two years or so uh maybe you know months and years but here for example uh is basically what has actually happened in the past so that that push up uh should be respected because it respected that uh zone that we have just drawn right now okay so here for example you see how it automatically gone and encapsulated that price and went right on the dot so you have actually drawn i would say quite accurately a very nice support resistant the other thing to look out for is when you've drawn that two lines you need to understand and see look past look look to the past and look back and see whether or not you you have loads of support resistant concentrating and bouncing off these two lines that you've just drawn that's number one number two you want to also look at whether or not you've got really long candles going through piercing through that zone and here you've got one really long one that has pierced through that's a good sign okay and you've got several others right here as well as you can see and what we can actually do is also go onto the daily candle and you can see that's where we've marked that support earlier on okay and we go really far back as well and see you've got another one right there some more support zones okay so let's just do that now here itself you can see that push right on the dot of the week and it push prices right up so here itself all these little little nice things that you've actually seen like you know it's the play of price action coincidental you see all that touches touch point right on the dot a single week and then now single week right there as well as you go on you've got you know more touch point of opening prices as well candles and then you've got touch of that week right there on that line so all these ones here including the movement of really big candles are piercing through the two lines as well are all indication that you have drawn that support resistant zone correctly and these are zones that needs to be respected because prizes in the past have respected this zone as well so what does that actually mean now to us with the GBP USD on the GBP USD 4 hour chart but that actually means is that it's finding more support they may be biased to the upside but it's still too early to tell because we need prices to go above this zone that we've just drawn and but not only above above the three lines as well to then indicate the trend okay the downtrend would then be indicated to us only after it pierces through what a candle going through pierces through the wall this this is what I call the wall made up by the two lines which is a strong support and resistance zone but more on the support side because you see the loads of touch point on the support side as opposed to the resistance side okay so only after it comes downwards and pierces through that this wall of support and come under it then it would be biased to the downside because automatically it comes under there but becoming under all three lines as well okay guys is that clear all right I just want to draw one pattern at least so that you get an idea let's see whether we have got any patterns to actually draw that's Euro GBP I think we have actually found a Euro cat let me just see Euro CAB or Euro versus the Canadian dollar as you know has got some potential pattern that we can actually demonstrate to you guys okay let's just see whether I've got my Euro cat right here let's look at it and let's look at the pair itself here and we can see that you've got one hour chart you have got prices in between all three lines on the four hour chart as you go on there you could see that you know it's finding support finding support here and then it might be finding support not really confirmed yet but then the bias is to the upside with three lines pointing upwards as well now on the daily chart we have got more upward trend now here I would like to draw just to demonstrate because I could see it very clearly and you know with practice you are able to just spot patterns straight away with a single glance okay and it's it's actually quite fun thing to do now here for example if I if I were to predict how far the market would go to the upside I've got an ABCD bullish pattern that I call it and I start off with a single line of A to B and then let's say B to C okay this is for demonstration purposes only because we're going on to the daily chart which is a long-term type chart but then this is the clearest that I can actually see at this moment of time in terms of pattern okay so I've got an A right here B and then that correction four is C now I like the C point here because the C point has touched one of the lines and bounds upwards that's great now how do we actually then predict with just the ABCD pattern on where roughly the price could actually go to in terms of the upside so you're predicting and forecasting the price for the upside correct so if you double click that one right there and you pull it right here you just place that from the C point okay so you could redraw your A to the B right there okay now your A is usually the lowest point that you can see right there and then your B your high point right there but you higher high point before that correction down to the C point right here so here itself it marks that end of that tip right there as your D point all your potential take profit area but we're not taking profit right on the dot usually we need to adjust and tweak it based on principles of psychological numbers as well on the price okay so here for example I would say that okay there may be a probability of price reaching there that may be a probability that my TPA they could actually be there but where do we actually buy now you've got ABC and then D D is your take profit area right now where do you enter where do you enter is when you've actually converted this simple ABCD pattern okay to a geometric ABCD pattern just with a single line from A right to the D once you've done that okay is it just a little bit okay you have got a center point across area of where there's been an intersection between the AD and the BC line correct and that little intersection right there like across like an X right there in the middle of it is where you could mark it as something called the centroid and I would then use this centroid area as my potential buy zone so I would be buying anywhere above that line that's my buy area and I would be taking profit there so as simple as that this is just to demonstrate to you how the geometric pattern actually works okay we'll cover that in the geometric pattern basics as well tutorial on one of the Thursdays okay so there you go guys now you've got that and I would have actually bought somewhere there let's say okay above let's say above somewhere and I would take profit right under there for example let's say the price now that's already 480 plus pips and that's actually on a daily chart now this on a daily chart the the magic about patterns is that you've got a very big pattern right here and you would be able to find baby patterns and trade in stages of 30 to 40 pips or so per time by trading the C to D leg but on a smaller pattern in smaller time frame so that's the magic of it so this one here you could regard that as a big father or mother pattern and then in within that C to D leg you've got loads of baby patterns that you can actually see and trade and write along that before until it reaches that high point so how many ABCD little baby ones you can actually have you know and it may be loads because you can trade in stages of that big pattern but then you want to look for these baby ones in the lower time frames okay hope that makes sense we'll cover all that practically as well during the tutorials anyway okay excuse me guys all right so you've got that idea right there so you predict the D point there with AB equal CD right there okay hope that's clear okay now the you've only got one single line that would give you an idea where D could potentially reach the other way is I use Fibonacci as well and I try to determine where C point has actually reached now the C point has touched I would say very close to the 61.8% of A to B now 61.8 I've got a formula and I've made that into a table we'll cover that in the tutorial on how you predict predict the D point based on Fibonacci ratio so I've got a table where actually you know I've been laid out if the C points at 61.8 then the D could easily at 1.618 so what I then do is I pull my Fibonacci from this point now B to C and I look for the 1.618 ratio which is right there okay that's quite close to where we have initially projected the D point to B so that becomes sort of like my zone where I would mark these two lines here as a reversal potential reversal zone that's also called a PRZ which basically means that I wouldn't want to take profit exactly inside that zone I would like to take profit before price reaches that zone 1.5713 let's say is the last line right there right it's the it's the bottom most line so I would like to adjust that price further and understand that 1.5713 is quite close to 1.5700 psychological number so what that actually means is that I wouldn't want to take profit at 5700 because that's where the reversal could happen I would take 10 pips below 1.5700 so that would mean that my new take profit zone after tweaking all that just to increase my probability of my tp and reduce the risk of a reversal is to take profit at 1.57 sorry 690 which is 10 pips under 5700 so there you go 5690 is where I would have accident now has the price reached 5690 it was at 5688 hasn't really reached 5690 now it's your choice you could actually even take it at 1.5670 which is 10 pips below the 5680 psychological number so there are various ways that we can actually choose the right lowest risk highest probability tp area as well with several elements several ingredients that can actually be added on to it as well okay so this is just the basic most to give you an idea of how the patterns are drawn and how do you trade these patterns and what does the centroid mean and where do you trade usually trade the c to d the last lake only okay I would wait for the bigger boys to create the pattern of a to b b to c and I'm trading the c to d lake only okay guys hope that's clear for you guys all right so there you go you've got one pattern drawn right there okay um let's see have you guys gotten any suggestion before I end up end this session tonight on any currencies currency pair that you guys would like to look at and that you guys are trading currently and I could easily help you draw some patterns on there and look at it and give you a bit of a market outlook on the pairs that you guys are watching any suggestions of pairs that you guys want me to look at Kara maybe yourself anybody else a brand okay hi the car you would like to me to show to place the Fibonacci okay yes it may actually take a bit more time than tonight to actually show you the Fibonacci because yes it can actually be a little bit complex okay now when you're in a downtrend and you expect the downtrend you want to pull from very top to bottom okay if you're expecting an uptrend from bottom to top now the thing is that there are various strategy revolving the Fibonacci now me as a trader a geometric patterns trader I use the Fibonacci ratio to confirm the pattern and to predict the deep point but you have got Fibonacci applied to various strategies to enter the market to find reversal exit reenter all that kind of stuff so um you've got Fibonacci that needs to be understood based on the strategy that you wish it to apply into okay I hope that makes sense so it's really important when you pull your your Fibonacci basically I'll just make it really simple for you okay if you're looking into um let's say let's say this upward move you see this upward move there's this uptrend from here up there if you pull a Fibonacci from the bottom to the top you're just wanting to know at which line automatically the line will appear okay you can put your extra lines based on the Fibonacci correct now what that means is because this is an upward move you want to solve the the puzzle you want to solve the riddle in knowing where can it be another rise in price at which level where where can price go up as simple as that if you want an uptrend you if you want to know where can price go up again you pull from the bottom right to the top see all these yellow lines that I've drawn these yellow lines are automatic and they are all Fibonacci ratios they've got numbers here at the side 38.2 percent 50 percent that means um 50 percent of that move up there the middle one is called a 50 percent okay so all these lines actually means that now you've got prices here now right and you've got that you see this candle right on the dot of 78.6 that actually means that candles I mean price can actually go up either on this line here that line either one of these lines are potential support zone okay as simple as that now let me now tell you about the downtrend let's say this one here is a fall correct of prices so you start from the top it fallen fallen from the top to the bottom what you want to solve the riddle now is that where could prices fall okay so immediately you could see that it fallen from that point right there okay you're gonna have fallen from that point too yes from that point too that point too which is here okay could be fallen from that point as well and that point and this is where it fallen as well so you see Fibonacci ratios or the lines of horizontal line that you see automatically appears is to tell you where can it rise again or where can it fall again depending on the trend that you have pulled it from okay all right good car that's just a little snippet of it we will we will cover a lot more in the course okay in the in the in the actual Thursdays course structure so that you can actually go into it more I'll have that written on to the presentation slides as well okay guys so that's basically it now any more questions any anything else that you guys would like to ask if I can actually cover it in like two three minutes you know if we it will be fine no problem so you guys can go on with questions no problem oh good car brilliant good okay um any pairs that you guys want me to look at perhaps one one pair that we can look at at the moment before I end the webinar tonight any pair that you're curious in wondering what's going to happen with it or you probably are in the trade already a little bit anxious in knowing whether it will continue to reach your TP or the opposite direction and things like that we have got AUD USD for example and it's finding itself in a support zone at this moment and it's still unpredictable of where prices are so it needs to go above that zone that you can see to give it an uptrend type bias if not under it we'll give it a downtrend bias okay so here for example on the daily chart um four hour chart four hour chart and daily chart now daily charts is a little bit more unpredictable because you've got the prices inside or in between all three lines um we've got under all three lines but then the three lines are not giving you a clear direction okay I think we've got questions right there sorry about that okay um USDJPY for Kara let's go to USDJPY definitely um let's see I'm gonna have it here that's not there I know I do okay USDJPY there you go so um here just go into the neutral one hour chart right there this one here we've covered a little bit earlier on and basically on the USDJPY as I've mentioned as well earlier on we started with a one hour chart correct and we have got the three lines just not not matching with the position of the candle not no clear trend direction on the one hour chart four hour chart again is in between three lines it's finding a bit of a resistance right there on one of the lines right there and the daily chart is giving you more bias to the upside sorry more bias to the downside okay but I've drawn that line right there so you've got a zone let's say on the four hour chart we've got a zone he needs to break out of that zone at this moment time let's just go into the lower time frame 15 minutes chart you could see that the 15 minute chart quite clear to the upside candles above it's matching with the way the three lines are moving up above as well pointing upwards on the daily chart we've got some entanglement there so not really very very nice you know it's not giving you a clear indication as well okay so that's that's a bit of a problem on the 30 minutes chart if you see if you look to the right 1.0 107.37 right and 37 okay 38 let's say close to 40 if it goes upwards it will be close to the 50 psychological number but it's a little bit a little bit early at this moment of time yes we can I'm like on NZUSD right after this not a problem give me a second so here for example is just not giving me clear indication at the moment for the USDJPY I'm just not ready to participate into a trade or execute a trade at this moment of time mainly because of that mismatch between training all that because if you've got a mismatch that actually means that you don't have a very long way to go in remaining in that trend that's what it means that's why I compared three time frames three time frames give me more data all three time frames are let's say strong to the downside then I've got a very long way to participate in that trend okay if you've got mismatch in one pair or one time frame with the other time frame that actually means that you don't really have much enjoyment in writing a trend that could actually last for long so you want to actually participate and execute a trade in a long trending trend okay a trend that has got a marathon of the time as opposed to a sprint of a time okay because then you'll be taken out of the market easily okay there you go nothing much that I can actually draw out as well for you because it's just not very very clear so let's just go on to NZ and USD perhaps your most welcome color so we go on to the I've got something here I think for you guys in the euro cap I think oh that's the one that I've actually drawn on sorry so we'll go on to euro let's just looking at one that I can replace um let's just okay perhaps a new chart and that was NZ DUSD was it okay NZ DUSD let me just check yep NZ DUSD I'm gonna remove the grid right there and I want to upload the or load the um let's take a bit of time right there okay and here the lines so here I'm starting with NZ DUSD on your one-hour chart as you can see on NZ DUSD it's a little biased to the downside you've got three lines separated from one another pointing slightly downwards not very steep though but let's just zoom up a little bit okay you have got that angle of trend that is quite strong as well this whole movement of candles and waves are pointing downwards at a very nice angle like a five o'clock six o'clock trend so you could say that you've got a build up of bearishness on the one-hour chart for the NZ DUSD now here on the NZ DUSD you've got that downtrend let's see whether it matches really nicely with a four hour chart or not now the thing is that you've got the three lines not really very nice on the four-hour chart and you've got the candles moving downwards but again you've got a bit of a what do you call entanglement going on there is the three lines are not pointing downwards as nice and easy as a one-hour chart as you go to the daily chart you have got another mismatch you've got candles I'm trying to find support but it's above all three lines three lines are pointing out was again I would always like candles to be up and away above all three lines to give you the indication of a of that strength of the trend okay so at this moment of time not really nice let's move on to the set of three time frames lower time frames let's let's see whether we can build a story starting from the five minutes chart itself so the five minute chart let's say you have got three lines pointing downwards really nice not too bad but candles candles are also under all three lines you've got a bit of a correction though going upwards at this moment of time let's look at what's going on the five minutes sorry 15 minute chart is giving you a bit clearer indication it's nice downwards type movement of three lines on the 30 minutes again you've got slightly okay type you know downward type trend and as we go on to the one hour you've got that as well so you've got a bit of a match between 15 minutes 30 minutes and one hour okay so now let's say I would like to draw a bit of a pattern here and I would like to see whether I've got a bearish ABCD type pattern that I can look at as the clearance in which time frame let's just go into the one hour let's say here for example we have now I would like to take that as my c-point right here but you know it's not it's not really nice mainly because you know if I take that a right here and my b is here problem with it is the c-point I like my c-point to actually touch either one of these three lines or bounce off from either one of these three lines but I don't I don't see that okay but we can easily draw still a pattern to see how far can that downtrend actually move on the NZE USD one hour chart okay it may not be as high as probability right there but if I've got my a b equals cd so my a to b is right there all right now you need to pull the Fibonacci from a to b to look at where the c has actually landed the c looks like it's at 38.2 that's good enough okay so 38.2 roughly is the minimum Fibonacci ratio if not if it is under the 38.2 percent for the c-point then the structure is not really a strong structure okay so I like the c-point to be a minimum of 38.2 percent so here you've got sort of a you know a bcd bearish type pattern right here and it gives you a little bit of an indication of where the D might actually be able to reach and it reached right on the dot of that line that we have projected so it's probably already reached so here for example it still could easily be a pattern that you could have traded earlier on so where would you actually enter the trade is right in the middle zone right there so that middle zone would actually be we're looking at the one hour chart at the 7,335 so I would I would buy I would sell so you're only at the 7,310 under the 20 psychological number let's say but let's say the size of it roughly in terms of PIP potential is about 100 pips right there so if you take away and tweak the price correctly and stuff like that you may then look into about 80 pips or so and still it's reasonable 20 pips sorry 80 pips on the one hour chart okay so that's basically still even though you know a couple of rules says that it's not really high probability things like that but still it happened right on the dot as you can see your AB equals CD right see how it happened like that okay and right on the dot as well and they start reversing where on the dot as well so then that's just one line or one potential TP area so if I pull my Fibonacci from A to B I want to look at my C point like I've mentioned on your own it touched you know quite closer 38.2 now 38.2 percent if you use Fibonacci to predict your D point 38.2 gives you two two areas that price could could reach one is 2.24 1 to 24 here and the other is 261.8 so here for example I've got one line that's really close to the AB equals CD and the other one's quite far reach right there so I've got three lines actually pointing out to me where D could potentially reach now these three lines could be made a zone and that zone can actually be marked as blue like that what that means is that I would like to take profit before price enters that blue area okay I would have taken that at 7 to 60 actually a little bit earlier but a little bit safe but as you can see it fallen to the dot ends at the USD so at this stage I would say that you don't actually really have much of an opportunity at this moment of time until it gives you an indication that it's reversing so you need to come out of that zone a little bit it did come out of the zone but you have got 72.44 and prices is just you know sort of appreciating a little bit 72.45 the problem with it is that the price now is really close to 0.72 50 so that actually means if it's going up it might actually just come back down again a little bit okay so let's go to the four hour chart let's see a bigger sort of picture bigger sort of picture gives you a lot of support type zone so there may be a potential of it shooting upwards again okay on the support type zone so that's basically for the NZD USD guys okay is that clear um yeah clear this recording I mean this is a webinar will be recorded so please contact your account manager at TickMail and once you've opened an account with TickMail and have a live account you would be able to get the recording directly from your account manager okay so do contact your account manager and you'll get the recording so there are some traits there's some skills some techniques and things like that they can learn from today so do try to get the recordings and build your own portfolio of videos that you can refer to at any moment of time and you know look back and and learn from it and apply it onto your charts okay there you go so yeah I think that's all I have for you guys I hope you guys actually enjoyed that webinar and if there's anything else kindly feel free to email TickMail and you can email your account account manager as well at chrischris at tickmail.com and for any questions you know email and Chris will get back to you guys too okay and there you go all right thank you Kara for that appreciate that appreciate your time everybody for joining me I mean you could have been doing a much more interesting things watching TV you know maybe your dinner time as well so you guys being here I appreciate it so I would like to say a very big thank you for joining my webinar tonight do join me again every Tuesdays for a live market outlook and you can always email Chris at tickmail.com your account manager and be able to you guys you know feel free to to mention the topics that you want or you know how you're enjoying your webinar and what would you expect for the webinar the next time what are the topics that you would expect and would like me to cover on and what are your concerns especially with trading that I can help with as well so you can always email and email that to chris at tickmail.com okay guys I would like to say a big thank you once again and do join me Tuesdays as well as Thursdays Thursdays as your course tutorial same time and and I will see you guys again thank you bye bye have a very good night guys bye bye