 Hi, my name's Leon Roe, currency trader and trading coach at trading180.com. And in this mentee interview, forex mentee interview, I've got another trader by the name of Lawrence. Welcome, Lawrence. Thank you. Thank you. Good afternoon. Good afternoon to you. Good afternoon. So again, Lawrence, you've been with me for a little bit and I wanted to get your, I guess, experience of being in the Trading180 mentoring discord group. I know you've been doing really well with the trading and you've come leaps and bounds as to your trading and your results and stuff like that. And I'm very impressed by your analysis, both fundamentally and technically. So let's, I guess, just start the interview by saying, getting a bit about your background and how you got into forex trading and how long have you been trading? Yes. So thank you for giving me this opportunity to talk a little bit about myself. So now for my background, I come from something totally different from finance. So I come from, I have a chemical background. So I store the chemistry and process that I also store the food technology. So something totally different from a forest market or totally different from international finance. But what made me come to this field is very simple. I used to watch on TV. So every 8pm, I used to watch foreign channels. And usually when I rewatched the TV, the journal at some point, there is a special time slot for financial market. It was really, really fascinating for me. So when I used to see people and now I'm showing graphs, I always ask myself, which kind of field is it, which kind of subject do I have to study to be able to analyze the market like those guys. So they are talking about, okay, this country is doing good, the store market is going down today, store market is going up today, but I ask myself, I'm studying chemistry, I'm learning mathematics, physics, everything. But this, I don't know, I really saw, I was just out of curiosity. I wanted to know more about, I even didn't know the name of the subject. So I didn't know that there is forest market, there is stock market. I wanted just to know which kind of field is it. And when I arrived here in Europe, I started with my master degree in food technology. So I get the possibility to choose a free subject, so optional, optional subject. And then it was so I saw something like budgeting, so I like everything related to budgeting. I saw something, another two peaks, international finance. Then I say, okay, international finance, let me try this one instead of budgeting. And during the international finance, I was totally lost. And the professor, he was an American professor, so from United States, and I was in Italy. So when he was talking about everything related to geopolitics, so economic geopolitics, I say, wow, really, really interesting topic. I have never missed a day of the, so I didn't even miss one day for the class. So every time I have to be there to listen to him, it was really amazing listening to the professor talking about the origin of currency, this country, so most strongest country in the world, talking about US dollar, Canadian dollar, European Union, so the Euro, Australian dollar. Then I say, wow, that is amazing. So I need to know more, even after my semester, so after we finish everything. So I was seeing a beginner, so I didn't know everything. I said, okay, no problem. I have to go to internet trying to find more info. So my first approach was just to know more about the topic, not to make money or do anything. I just wanted to be able to analyze the market like the guys that I used to see on TV. Then when I went on YouTube, there's a lot of content, so I got over him. Then I say, okay, this field is not for me. First of all, I have to study finance, so I don't have time to study all those things. I go back, I go back to my, so I totally leave it. I went back to dropshipping, so I started watching videos about dropshipping. I was buying some courses about dropshipping, creating my website, selling my product. Then at some point during COVID situation, so when there was a problem with China, with supply in 2020, and there was problems and I got so I got a problem with PayPal because clients were complaining that they are not receiving their product in time all those things, so I have to stop. I went back on, so everything in 2020. So after learning about dropshipping, I went back on digital marketing because it was trending at that period one day. But I was like, I'm still, this is not my field. I'm missing something. Then I went back again, so I totally left dropshipping, I left digital marketing and I said I really need to learn something. I really need to be focused on one thing and one day I was on YouTube. Again, I got a push notification about this. A lady or some girl in Asia, she was talking again about Forest Market and she was talking nicely, she was really great. I said, again, this topic. Okay, so let me give it a try, give it again a try. Then I say, if I need to learn more about this topic. Does that mean I have to go back to universities to learn everything about international finance or about finance? She said, so on her video because I used to watch, she said, okay, the world of forest is divided in let's say three or two parts. There is technical analysis, there is fundamental analysis and there is also something at that time I didn't know even the rec sentiment because she said there is technical analysis, there is fundamental analysis and there is rec sentiment. Anyway, I have to learn something. So I started watching her on the video about technical analysis. I watched, I watched. Then she said she doesn't provide any courses or any mentorship so she did everything for free. But one part of me, so you know when you are watching something on YouTube when you finish you'll get a new notification. So I will get the notification from someone who said I have made 5K in 30 minutes. Then I will say, wow, interesting. Beware, beware. Then I will say, wow, 5K in 30 minutes. That is really interesting to me so I need to know more about it. I will click on the link, then I will watch at the end. I will see a link for a master class where you have to pay. Again, I will say after you finish you get again another notification from someone who said, perfect technical strategy to make you you will be making at least 20K per month. I will click. So I will spend my time just clicking, watching strategies, strategies, strategies, but at the end you are not learning. So you are zero, you are not learning anything. Then I say, okay, I went back again to Rome. So that YouTube channel from that, for that lady, I watch again so many videos and one day. So the reason why I keep with that YouTube channel is because she doesn't say anything about how much money she made. She always talk about technical analysis, fundamental analysis and rich sentiment. And she said, you cannot make money in the forest market if you only base your skill on technical analysis. You have to learn about fundamental analysis. And she started, she did one video for 60 minutes. She was talking about fundamental where I saw you have to know GDP, increased inflation. Then I said to me, no way. I don't have time to learn all these things. I left everything and one day again I came back. So there was since when I leave, I will feel like I'm missing something. So I came back again. I continue watching, watching. And one day I got the notification. Then that notification, I thought that the notification came from her channel, but it was not the case. It was from you because when I click on that notification link, first of all, I heard a male voice as well. Interesting. Really, and the way you speak just caught my attention. So it was, if I remember very well, the title of the video was something about like fundamental analysis and some, I don't remember very well, but there was fundamental analysis on the title. So when I click, I listen to your video. I watch. So after watching that video, I directly click to, to see your different content. I spend maybe two, three, four days, even a week watching your videos. Really, I feel totally amazed by the YouTube channel. First of all, I didn't hear anything related to how much money you made. That made me feel, okay, this guy might be serious because he's not talking about money. He's talking about the skills that you have. So master, so something that you have to learn in order to be profitable in the market. So I watch maybe a week. Then I send you an email. When I send you an email, you said, I think we were maybe in October or November. Maybe October. And you said, no, you are opening your, your mentorship program only in January, from January 2021. Then I say, okay, I'm all in. So then you said, so I went on your page. So the main page, I don't know, but I feel like it was only in yearly method. So if I remember very well, there was not monthly or quarterly. Right, okay, yeah. So there was it. Then I remember I sent you again an email if it is possible to, to pay monthly. You say, okay, there is no, there is no problem. You can pay more monthly without any problem. I say, okay, that is fantastic. So this is all my background regarding, but first of all, I forgot to mention something. After watching all those videos on, on YouTube, I got really, really overwhelmed. So I went on Udemy. I don't know how many courses I bought on Udemy. So if I show you my account on Udemy, I bought a lot of courses about, so I bought Ishimuku strategy. I bought support and resistance. So a lot of things I put, I have more than 10 courses that I bought on Udemy. And after watching all of them, all of them, I feel like no, there is something missing. So I, I'm missing something. All those courses is, they are totally different from what I used to see on, on TV. So, because when you listen to people talking, so when you watch, for example, financial, financial show, the way that people are talking, they are not talking about technical analysis. They are only talking about fundamentals, also something totally from what I learned on, on Udemy. So then I said, maybe what I have to learn from you will give me that opportunity to be able to analyze the market like those guys on, on TV. So that is one of the many reasons why I, I came, I came to you. But even when I came to you, I, I think I subscribed to five, five signals provider. So maybe I open five different accounts with them. So you always receive, so you, you just receive a, a messages telling you, okay. When to buy, when to sell. Yeah. Just click sell, just click buy. You even do not know anything. So you don't know what you are doing. And one day I asked myself, if someone, if a friend asks me a question, what are you doing? Will I be able to tell you that I'm learning or I'm doing a forex market or, or not because if you are only taking signal from some people who are not learning anything. So you are just losing your time and you are going around, around. So that was basically what I was doing. And at the end, you find yourself not going anywhere. So you are losing your money because someone will give you a signal. And here, for example, give you, take profit one, take profit two, take profit three and give you also stop loss. But if the, the trade go in the opposite direction, no one is there to tell you, please close your, your trade. So all those things. So even when I, I joined your, your mentorship program, if you realize very well, the first three months, three to four months, I was not there. I was still using those signal provider. I'm still focusing on my support and resistance strategy or chemical strategy. But at the end I say, so one day I think that was, we were in April, I received a notification from my, my credit card. So one trading or trading 180, something like that. So when I received a notification that I have been, so that I paid for the next quarter, then I said to me, anyway, it's not expensive. So it's only one pound, one pound a day. So this is not big money for me. It's affordable, right? It's affordable. Yes. Then I said, you subscribe for a mentorship program, but you are not learning it. So I asked myself, what is the reason? Why is it the main reason why you are not giving attention to something that you provide, that you subscribe yourself and before subscribing, you also feel some questions because you've always provided some questions to be filled. So we have to reply to some questions before you accept to mentor us. So I asked myself, you subscribe for something but you are not learning it. Of course, when I subscribe, I watch everything, all the video, but only the technical. So I didn't watch anything regarding the fundamental analysis. I watched all the supply and demand, CPR, stop home. Then I said, okay, I know already the strategy. I went to try myself, no result. Then I came back in April. So from April, I say to me, you have to learn the strategy. So you have to be focused if you really, really need to succeed in this field. You have to commit your time. So you have to stop playing. So from that time, I say, okay, just stop playing star learning. So that's where I really start. Okay. Lawrence, you have to learn something. I have to re-watch all the video. When I finish with the technical part, I start with the fundamental analysis. It was still frustrating for me. I say, there is too much to do. And one day, there is that master class, that master class that you did. I don't know his name, but maybe the guy is from South Africa, something like that. You did the master class with him about... Oh, Drew. Is it Drew? Was it Drew? I don't know. So you were talking about GDP, inflation, interest rate. Mm-hmm. And you were saying, there is no way someone can call himself a forest trader if he doesn't have any knowledge about what is, about fundamental analysis. If he doesn't know what is going on on the market, you cannot call yourself as a forest trader. Ah, I know who that was. Yes. I know who that was. Yes, yes, yes. Yes. And from that day, so is that a video? So from that day, I say, okay, I have to be able to call myself, okay, Lawrence is a forest trader. So from that day, I say, no, I have to do things differently. So that is where I start to commit my time, sitting, learning, watching all the videos about. I don't know how many times I have watched that master class. So I watched, I came back again and again and again and again. I'm really, I feel really happy to, to watch it because after watching that video, now I started remembering, so I started remembering what I used to, to see on TV. What I used to listen to and I was talking about GTP is not great. This quarter, inflation is too low, inflation is too high. So I started watching that master class, made me remember so all those videos or also news that I used to watch on C, on BBC or CNBC, something like that, or Yahoo Finance. So, so now when I say, okay, I start to, I start learning and there is something I used to listen people talking about on TV. So I used to listen people talking or journalists saying that this central bank is okay, this central bank is tightening. So, when you, you know exactly when those terms means that you are really happy. You are happy because you are able to explain to someone else what is going on with the market. So basically that is where I'm coming from. So it was just out of curiosity, curiosity that I became interested in the financial market. So, Wow. What a journey and what a story and you know, there's definitely a lot to kind of, there's so many points you made that I was like, I've been there. I know what you're talking about because, you know, just one of the points that you made was, for example, when you said that when you were still trading with me, you had about four or five signal strikes. Yeah, signals, right? And it's only when you decided to really focus on what it was that I was teaching and I went through the exact same experience with my mentor when, you know, I was maybe mentored by Mark Chapman, my mentor and good friend of mine. And he, you know, at the beginning, I was doing the exact same thing. I was still trading and mixing and matching strategies. And then one day, I said to myself, either I'm going to go 100% into what Mark is saying, or I'm not, right? It's, it's one of the, one of the really kind of detrimental things. And it's a natural thing that traders do is you think that you can mix and match strategies and make your own strategy, right? And then, and there's other things that come into it as well because, you know, you're trying to make as much money in as quick time as possible. And if there's no trade today, but you saw someone else making money, then, you know, then it's almost like you're, you're foam owing in because you've got, I could have traded that strategy in and I got that strategy. So I totally understand where you was, but what really improved your trading was focus, right? And following the process. Exactly. It was not really, it was not easy, but if you really, really want to, to succeed, you don't have choice. You have to, to sit and to commit the time to learn something. If not, you will just be going around, around the end. Exactly. And I say this to traders is, you know, the shortest distance between two points is a straight line, right? So if this is where you are, A, yeah, and where you want to be is Z, yeah. The straightest, the quickest and the fastest point in the shortest distance between two points is a straight line. Yeah. Now this Z might represent, you know, your trading results. Yeah. Now if you are constantly going off the, you know, the subject, you're learning about this strategy, that strategy, you may never get to Z, you may never get to success because you're not following the path that, you know, the mentor or the, the course that you're trading is telling you, you're mixing and matching strategies and every time you mix and match a strategy and you don't follow the process, you're getting further and further away if, of course that trading strategy is successful. No, nobody knows until, you know, you start to, you know, you start to trade it, right? Because anyone can show you results. There's a hundred thousand traders on there that would show you that they made, you know, a million pound in five minutes, right? But how many traders actually do it, right? It's all right if I do it, but can that translate over to you? That's the, you know, because that's what really matters, right? You know what I mean? But it's very interesting in your journey and your actual inclination to fundamental analysis. So how have you, I've seen you come leaps and bounds, right? I've seen you, the change in your participation and the questions that you ask and the charts that you post and the information, the fundamental information and I thank you so much as you're a very value, valued and valuable member of the community because you're really top notch now. I can see it, you know, I mean in what you provide. So if you were to say to somebody why they should learn fundamental analysis or what are the benefits of learning fundamental analysis together with the technical analysis, which we'll get into again in a sec, what would your answer be to that? For Revy, Revy for me. Revy, so when I I always imagine myself even at the beginning when I I joined the master, the mentorship program I was like running for 20 pips, 15 pips, 30 pips maximum. So I remember one day, one day maybe we were in June something like that, we were buying maybe that was in May or April May something like that, we were buying Euro because Euro was was coming back from so since they were lagging regarding vaccine rollout or those things so when they started coming back we were buying Euro at that time and I came during a weekly video as you always do during the week, I said something I comment on the chat that I close a profitable trade of I think 20 25 pips, I remember that day you laugh at me and you say we are not here for scalping 25 pips is a scalping are you a scalper or what I say I say to myself 25 pips is a lot of fees to me because I remember I used to watch video where people were chasing 5 pips, 10 pips I've done that too I've done that as well so when you said we are not here for scalping so we are here to make at least 80, 100, 150 pips and that day I said but this guy when you say something like 80, 100, 150 who can make something like that I asked myself that question and you said we are here for to make at least 80, 100, 200 even 3, 4, 5 then I said okay I really want to reach that maybe so that was one of my goals so I set a goal and I said okay Lawrence meet or you must be able to meet at least 100, 150 200 pips and you cannot really it is possible maybe you can do it by by chance if you are lucky enough you go you only use technical analysis and that day the market goes your way so you are lucky you don't really really know what you are doing so you only get a setup tell me you buy okay you just click buy at the end you find yourself making 80, 90 pips but you are not confident you don't know if the trade can go as far as possible so when I started you say something you say if I have the necessary information about a particular currency or a particular trade I will have hold the trade for two, three, even one month if nothing has changed then I said okay let's see if I let me commit my time to know more about the process maybe so I always use maybe at that time I say maybe I will also be able to do like you because I remember at that time there were people making the same thing like 180 I said to me I have to be able to do the same and you said at the end fundamental analysis or fundamental event give you a trade direction so in the short term everything can happen but in the long term we know where we are going and if everything is aligned perfectly so you have all the fundamental analysis tell me you okay you have to buy this particular currency and the technical also came and give you more confidence about the trade but by confidence I mean give you the perfect setup even if there is not 100 perfect setup but if you give you the perfect setup and you buy it just hold it for a long time until maybe you see something happening to that particular currency something happening and tell me you okay we were doing great but there is something happening and this event is going to change the fundamental analysis of that particular country so that is where maybe you might think okay is it something that is going to last for long time or is it just something that is going to last for I don't know a week or two weeks you have basically an idea so you know exactly where you are going if you have to close your trade or you have to change your prices about a particular currency or not so fundamental analysis really really give me that opportunity to hold my trade for for a long time so you have to dig to read at the beginning it was difficult to be honest it was difficult for me learning so you structure something directly on the discord there is every country like Europe United States Australia, Canada Switzerland every day you put information there and for me I was asking myself I don't have time to sit to read information about Europe or the information about United States of America Australia so I said no I don't have this time you know what I was doing at the beginning before I fully replied to your question I was all waiting for you I will say okay since Leon is doing everything for me so he is doing every weekend Leon is going to provide a video about so every weekend I forgot the name so you always do fundamental analysis for the weekend so I will just stop reading about news I will just come and watch what you did on Saturday or Sunday and then full stop so when you will say I am buying for example this pair this pair I will automatically take a piece of paper and write okay Leon is buying this pair this pair therefore Loris is buying this pair this pair this pair so I was doing 100% what I am telling you so you are doing the job for me I was saying okay I don't have to commit my time Leon is already there he is doing my job so I will just come here maybe Saturday evening and watch Leon did okay this is also my what I have to follow but at some point you say something what happened if tomorrow I am not or if tomorrow I decide for example to close the mentorship program and that day that day something changed in my mind so when you say that and I say okay that is very very interesting and I asked myself what happened if Leon really decide to stop doing the mentorship program don't submit I have to restart everything by zero because if he decide for example to close this mentorship program I really I didn't learn anything so I will be zero like before nothing has changed I was just here playing losing my time or turning around so when you say that I said to me okay good I have to learn something in case you never know in case you decide for example okay I don't have time again to be here every day every Wednesday or Thursday for the weekly call and every weekend for the fundamental analysis I said I really have to do something different so then I started giving my time to learn about fundamental analysis so to read and at the beginning it was difficult but at some point really it became so easy to me really easy so when I read an article about a particular country or particular currency it seems like okay easy to understand easy to know where this specific central bank is going easy to know at which level a particular currency is or a particular central bank is so which is the idea or which is the theme for the central banks so I started so when I read and I saw okay this central bank is somehow turning hockey this central bank is neutral this central bank is still dovey so the whole thing state then when you read and you start listening and understanding what is going on you really don't know how happy I was at that time so when I read something and I realized that I know where I'm going I understood what this article is talking about I was really happy and I said thank you very much because if I didn't listen to you or if I didn't if you didn't mention that phrase that you have to sit and to learn something because there is no a guarantee that tomorrow I'll be here or maybe I might something might happen and I decide to close this mentorship program so really for that I always say thank you thank you very much for that because this the phrase that really changed something in my mind and I was also seeing in the group when I received for example Jabred, I received Ken, I received Samayeta, I received so many so there were also some people really active at some point so when I received all of them giving the opinion or idea for something and I will ask myself how is it possible that they are all giving a point above a particular trade and where I am I'm not able to do the same and I was I didn't ask any question at that time I say the only thing that I have to do to be able to to reach that level is to read, to learn exactly what you always said so we have to commit our time and sometimes you say during the weekend if you are too busy during the week at least you have to weekend to try to recover what you didn't do during the week so you have to read what happened during the week and if there is something new or not and plan your next week I started step by step now when I spend a day without reading anything I feel like I lost something like you are behind isn't it exactly so I have to read everyday and for me it's too easy at the beginning it was difficult but now it's really really too easy to me to understand and at the beginning I was saying ok first of all because English is not my primary language I will say first of all I will use English like a barrier to me and I will say it anyway I don't have time to sit and study or learn English so it's not my language and everything is only in English so therefore it's not for me but from all the languages so like I think more than four languages there is only one that I didn't sit and study or learn like the other languages I will always say ok everything is only in English so I don't have time to spend my time here learning all those things because they are in English I will firstly try to translate French for example or Italian or German but at some point I say you have to read everything and you have to understand but if you don't read so by reading I don't mean like two hours, three hours maybe at the beginning you have to commit to one hour but at some point it's really really easy you read a full article maybe in ten minutes and you understand what is going on and for that that's why I always say thank you to the group because the way I am for me I can also see something totally different so I can see that me too I am improving so I am not the same Lawrence from the beginning I am totally different I also feel like I need to know more I have to read every day read every day because I really want to reach a level of those guys in TV to be able to explain something to someone and that person understand what I am talking about yeah it's amazing mate and the fact that you've overcome the language barrier you worked so hard you speak four languages and the work that you've put in right into understanding the fundamental analysis and seeing the benefits of fundamental analysis as you said you were going from scalping to now making hundreds of pips and I've seen some of the trades you've taken they've been amazing trades right and it's just an amazing thing to see and now to hear the experience that you've gone through and understanding the fundamentals and how important it is into understanding how you get into trades and how you get out of trades and the fact that you can hold trades for longer it gives you a lot more confidence in holding trades and you can predict moves and levels before the move happens 100% of the time but you have a lot more confidence knowing what the central bank is going to do like you said whether they're hawkish or dovish and selecting pairs and it all come together and that's fantastic and one of the things I guess that puts lots of traders off from fundamental analysis is that they think it's too hard or it's too time consuming but anything worth learning in the work you have to put in the work if traders are going to come into this thinking that this is going to be easy and you're going to learn this in a week Lawrence what would you say to them welcome I would just say welcome because after one month two months you will face the reality I forgot to mention something even when I joined your mentorship program I thought that you also provide signals so I thought but I remember you said so after joining you said here I am not a financial advisor so I do not make a trade call then I formatted my mind I said okay here there is no signals so I have to do everything myself but if someone has to join the group or the mentorship program there is only one thing to do if you really want to succeed there is no two way there is only one way you have to study it is not possible to get a degree from the college without committing a time it is not possible that is not possible trading is probably one of the hardest skills sets to learn in the world you have the greatest minds in the market making money and what gives us the right as retail traders what gives us the right to come in and start trading support and resistance and start making money it is an insult to the people to the great minds that trade the fundamental analysis the big banks who have got such high level IQ and experience and run the market these retail traders are going to come in and learn some sort of technical analysis and they are going to make money it does not work like that it really does not but again shifting gears a little bit to I guess technical analysis technicals we cover various strategies we cover supply and capture pain relief stop hunt trading and we cover supply and demand daily supply and demand zones technically you said something earlier you tried to do the technical analysis strategies at one point and they didn't work for you and that is not to say by the way that the technical strategies don't work by themselves because they can and they do but what you want to do is combine them with the fundamentals yeah because that is really where you can choose the direction so a lot of traders will tend to buy at support or buy at the demand zones not realizing that the fundamentals and the risk sentiment is actually against them so if you're in a trade where you have no idea that one central bank is hiking rates and the other one is cutting rates and you're buying the currency that is cutting rates you're going to get slaughtered all day long right exactly so when I say that I learned the technical and it didn't work for me is because what I was doing after watching all your videos about supply and demand and demand zone, CPR, stop hunt what I did I went on my chart I just mark all those supply zone demand zone and when price will reach the demand zone I will buy that is why I said it didn't work for me just because I was doing both at the same time so I will make money I remember I was really making money so buying at the demand zone and when we reached the supply zone I will send so I was doing activities then I saw when I said no it's like I'm making money going up then I'm losing all those money trying to short but it's just going still going up I don't know what is going on because in my mind I say no here it means price have to change the direction if you don't know anything about fundamental okay you are just going to be here long time for nothing absolutely so combining fundamentals with the technicals is really essential right you haven't got a complete strategy really and I say strategy you have got a complete approach to the markets and consistent trading unless you really do both so let's get into your last trade maybe last profitable trade or maybe your biggest trade that you remember what would that be and talk us through it from the trade idea from the fundamentals down to the technicals so what pair was your last profitable trade or maybe your biggest trade to date I already said steam now I'm still I'm still holding for example I have a couple of pair for example like Canadian Japanese yen so I'm still in are you still in that one? I'm still in I don't know since you are 22nd of December you are 21st of December brilliant yes I'm still in also in New Zealand Japanese yen but the many reason are very very simple maybe simple to us because we know already what is going on here so I'm still in for New Zealand Japanese yen and can cut Japanese yen for example we all know go on we already know the reason why we are buying Canadian New Zealand right so let's go into for example we focus on the Canadian yen because that's a very interesting one so we had at one point I guess a bit of a demand zone there and so from fundamentally why were you looking at this pair so what was it about the Canadian dollar that you wanted to be a buyer of and why did you want to sell the Japanese yen? First of all where we are so during fundamentally Canadian is a currency that we have to be buying because he came a long way from a pandemic situation where everything was somehow I would say somehow slow so I would say all of them were in somehow a recession because all of them when they got interest rates and they introduced quantitative easing to help businesses so all of them all those currency were very difficult situation and after the pandemic so we reimbursed there are some economies we were really really doing great so recovering from the pandemic and everything that were lost during the pandemic was somehow at the pre-pandemic level so we can say that employment data were going very positive for Canada GTP were also going for Canada and we also have inflation was going up and when all those events or when all those data are aligned to the same direction so they give us an edge so we know that this particular currency is going to and we just try to pay the strongest currency with the weakest currency we are still lagging to having problem regarding the economic growth and they are still in recession or contraction phase so we just have to buy currency so all those currency who are performing very very well we have to buy them against who are really not performing that time still today for example so we can see Canada already recover everything before the the pandemic situation so they recover everything so they are growing and they are also thinking about increasing the interest rate because they believe that where we are is possible for business to survive even if they increase interest rate but in the opposite side we have for example in Japan they are still now they have any recover what happened during the pandemic so they are still lagging compared to Canada or compared to New Zealand so they are still behind they are trying to they are fighting they are doing all their best to recover but the journey is really long so they use divergence between those countries so an interest rate is really low for example if you have to compare the two currencies so if we just want to buy a currency according to the interest rate Canada has the highest interest rate and Japan has the lowest interest rate so even if someone don't know about GCP if that person just want to base his trade idea about interest rate that person will buy him Canadian dollar of course we have also to take into consideration if there is global fear or global optimizes so I didn't pronounce very right so if there is global fear or if people are seeking risk because they believe that tomorrow will be bright so there will be light risk or risk of sentiment risk of sentiment so when in theory during risk on sentiment we have to buy commodity currency because market is growing and people are optimistic they spend more so then everything seems to be normal we have to buy risk on currency but if there is something like the current situation there is a global fear that is where we might for people who are interested we might looking buying for example Japanese or Swiss franc but that depends so that is the main reason why I was buying a Canadian dollar because they are really ahead of Japan so if you compare it to economic situation they are really ahead of us so to recap what you were looking at was really divergences so divergences in gross domestic products from the pandemic Canada were starting to recover a lot sooner inflation divergence as well from an interest rate divergence where the central bank is looking to high crates like a Canada were and Japan were not looking to high crates at all and even just from an interest rate divergence in a sense that one is higher than the other as well Canada I think was 0.25 and Japan are at minus 0.1 so even if you are looking at where to put your money if you are looking at risk on sentiment you are going to put your money in a higher yielding currency versus the lower yielding currency so fundamentally there were so many divergences and that is what we do at trading 180s identify the divergences the fundamental divergences what is going up and what is potentially going down and then we look for trades in the direction so this trade here what was the actual setup do you remember the setup that you took the demand zone or was it even a stop pan because there was maybe a couple there it was I would say three of them so all of them I can see it there was a combination because again I wanted to take this trade this is a trade that I missed on because I said to guys in the group I did say that I generally don't trade the last week of Christmas I try not to trade the last week of Christmas and it could be a bit volatile even though I saw this setup I would say that I personally wouldn't be trading this and I know personally the trade setup but let's walk through it to a certain degree not everything of course but just for the watches on here let's just go through maybe one of the setups that you had confluence on right okay so you had which one was it that you would say it was the dominant reason which technical setup was it that you thought with the dominant reason yes technical one so we can first of all we can see that there is a level for example where level traders so if you no I mean if you zoom out and we try to yes to identify this area where level traders yes level trader we can notice that at some point yes there level trader went short because this big red candle no your left no to the right to the right yes that one so if you go to lower time frame we will see that that big candle for example make trader going short because they believe a level area has been broke so they put the money going short and they were capture over there so the indoor short and then price just suddenly turn and when it comes back we have so we already see CPR so capture pain relief so when price go up and when price came back we were supposed to buy that currency because we know that people who also bought there so people who are selling for example Japanese yen they will be looking to get out at that support area and we also we are also in a demand zone and at that moment everything was aligned so there was RSI RSI divergence there was volume so they were oversold and there was also volume divergence so all of them and there were people ready we were just waiting they are never looking to be long in that area so we as so we know already the CPR so the capture pain relief we know we are looking to buy so Canadian dollar we are looking to buy Canadian dollar there is also people who only trade supply and demand they are also looking to buy Canadian dollar over there and people who only trade support and resistance are also looking to buy Canadian over there so I use that opportunity to be long so I enter long position and still now I'm still holding the trade so not afraid and if you also see I remember before the same Lawrence as before if you go ahead you will see those two big red candle not to the red so when we are for example those two big red candle I mean so if I was still the same Lawrence I will have closed my trade because I will say okay and if you see on a level of resistance and extremely accurate area of resistance so if I was still the same guy I will have closed my trade after seeing those two big red candles but when I saw it I say anyway I don't care because I know that we are supposed to be buying Canadian dollar and those two red candle maybe they can pull back to an area where we are also looking maybe to another demand area or maybe it can also turn to be a CPR so I say anyway even if the price pull back I'm looking to add more position I would say just be careful though on this trade simply because we are coming to the top of the range on that and you definitely want to look to take some profit of course you definitely want to take some profit Lawrence I always say at least 80% of the area try to take some profit because we had that incident today with the Aussie CAD where it literally pinged off that 80% level so I'm hoping that people who were taking that Aussie CAD short managed to take some profit there definitely look to take some profit but so far do you know your entry and where your stop loss was on this trade with your hands? So the entry if I let me check if I remember the entry let's check as I enter exactly since everything where so we we had three possibilities to enter the trade either CPR or a bit of a storm right? Yes either but I enter here so that red tunnel is a little bit me Yeah what level was it? Don't worry about the candle so much just what level? 8775 8775 right there and what was your potential stop loss? I was 20 pips 20 pips stop loss 20 pips stop loss from there so 20 pips stop loss right there? Yeah exactly I mean behind oh 20 pips beyond that one right okay so that was there so 20 pips beyond there okay so it was there so that was where your stop loss was and then your your entry was at 8775 right there excellent excellent excellent and now closing of that red candle and you're currently up 7 to 1 Yeah 7 to 1 on that trade now again you want to you know just trail your stop up and stuff like that just lock in some profits but this at the maximum would have been what maybe an 8.5 to 1 you know so that again great trade did you manage to enter into multiple positions by the way or just one? So I just don't think I enter exactly same same place I enter two positions so I already close one position brilliant brilliant so you enter two positions at the same place as I always I generally tend to say you know try to get into more than one position so you took profit on one of the positions where? Yes that one I think when we read something like it was 300 if it was 300 about 300 pips somewhere probably one second let me just measure this so from probably from here to here so 300 pips is about there there yes 300 pips imagine that whoever would have thought you were going from scouting exactly you were going from scouting 300 pips 300 and I remember I said at the beginning that my goal was also to achieve at least 100 to 200 because no more 25 or 15 pips so I'm really happy really happy to be in this because for me it's like a family so we are we are sharing our trade idea everything that we know it's really big family and we are sharing a lot I'm sure how that person if I was not here I don't know if I will be able to hold a trade for 300 people 100 pips I really do not know Do you know what it's funny because that is a question that I tend to ask as far as do you think you would have maybe figured this out and then maybe the chances maybe you might have figured it out but the chances are before meeting me or maybe never meeting you know the knowledge that you've acquired it might have taken you a lifetime to figure it out maybe never right to figure this out but this is part and parcel of mentoring and I say the same thing about my mentor who I will forever be grateful to because he's the reason why I'm able to teach you guys and you guys also profit from the teachings from what he's showed me and I've been it's about passing that information on and well done like you said you've got 300 pips on one position you're still in another position you're in that was it the New Zealand yen as well right you know taking some profit off of that one as well so again and I've seen these trades like I said I've just not as far as I've seen you post these trades well ahead of time you've seen the levels you're very and you know I'm very impressed you come leaps and bounds and it's been a bit of a long journey but you know you've done it and now again the question is is if I wasn't around you know can you trade by yourself can you are you an independently profitable trader I will really say today I'm able to to trade by myself brilliant if I was not here in this for me like this family I really don't think that I will be able to do it and there is something I don't know if I'm permitted to say it or not there is something I remember I I had one account that I I blew that account when I was still using those signals so and it was remaining something like two euros 30 cents so I said to me I have to make a very like so I have to set a goal I will never put again money inside that account I will only use that two euros 50 cents to grow that account to a level that I will never imagine so from that time I think we were at the end of this year maybe from October so from October to today 12th of January so two euros 50 cents the account is already 100 euros 45 145 hold on hold on let me just pause there you went from three euros yeah to over a hundred dollars in that account that account all using all using what you've learned with trading 180 I'll be using fundamental analysis so one I learned here so only one direction so I don't have to change my mind by here when there is a supply I'll be using what you teach so nothing more I don't want to go anywhere looking for something and I don't over trade or using big looks a lot size the smallest one so I'm not chasing money I remember one day you said chase you say something like chase mastery not money so I'm not chasing like I have to make benefit or how to make I know that I'm learning and you always say something if you are not able to so maybe you will rephrase it but you always say it if you are not able to manage for example let's say 100 pound or 100 euro you will never be able to minus 10,000 or 20,000 exactly and that was told to me right exactly told to me if you can't manage peanuts then how are you going to manage coconuts right if you can't manage three pounds how are you going to manage free you know 30,000 pounds or 300,000 pounds so it's a you crawl then you walk then you run and if you can do this at three dollars and turn it into 100 pounds you know it's possible to do the same thing although your risk starts to get a bit smaller and by the way what was your risk percentage on you know per trade you weren't over risking where you weren't over leveraging on that were you is true that at some point increase but just because capital also increase and when I have the perfect set up and I believe okay there is nothing I believe here but I somehow believe that way we are there is over so there is everything is aligned so I said okay why not try to increase a little bit the load size okay and I guess at that price you know you would have had to have kind of you know over leveraged even though we do not do that typically you know at trading 180 I must emphasize anyone who's listening to this don't think that this is typical as well and that you've got a basically over leverage and things like that but in general it was really good trading really good risk management in a sense that you know you took the A1 setups and you did what you had to do with the with the risk but you know you made it work and you trusted the process and that is the key thing and you've seen the results and that has been over the space of what time how long since you from October so the end of September still today okay and we're in January so that's been about three four months right that's knowing that there are also risk of sentiment so sometimes you also lose if there was not some time with risk of sentiment maybe I will be very far but we know now that risk of sentiment pushes prices to where we want to be what buyers right exactly so Lawrence I'm going to wrap up there and one last final question to anybody listening to this podcast and I thank you listening to this interview and I thank you very much for listening and you know for you Lawrence for your really in-depth experience what would you say to somebody who was maybe sitting on the fence was undecided about joining Trading 180 I will only say something very very simple just give it a try and you will witness the result yourself give it a try commit time to study not to chase money so change the skill because if you master the skill you can achieve whatever you want so commit your time give it a try and you will see the result it's very simple so like me at the beginning I said is it possible I would be able one day to be to make let me say to make money here but I'm really happy really really happy because I'm learning something very useful to me I can use it everywhere exactly you can use it all you need is a computer and an internet connection simple it can trade anywhere in the world brilliant thank you Lawrence so much for the interview really appreciate it and again to everyone who's listening again we are open for a limited time only and again I like to keep my class really small as Lawrence knows you can't just join whenever you want to join you know I do that on purpose simply because like a class you don't just join school at any single time during the year you've got certain intakes so it works better for me and I can give everyone who comes in the attention that they need everyone can start off at a certain place etc so I'm going to literally there's a limited time for the opening for this intake I don't know when the next intake will be and if you're listening and the intake is still open then like Lawrence says give it a try but there's going to be a lot of hard work don't think that you're going to just learn this in a day or two or three or even master it within a day or two or three be committed and listen to the other interviews that I have with Ken and Jarb Red and we've got more interviews to come and every profitable trader says pretty much the same exact thing it's going to take time it's going to take energy it's going to take work but once you commit to it and follow the process you'll see you should see the results I say you will but not to be certain because who knows but generally you have a high degree of seeing the results and if they do it you can do it you just got to follow the process but thank you very much Lawrence and blessings to you and I will speak to you soon thank you thank you very much everything is for you thank you thank you very much man bye bye