 Testing, one, two, three. Sorry guys, we're just giving it a bit of a sound check, so I'll be back in a couple of minutes. Testing, testing, one, two, three. Hi Kenny. Just wondering whether you guys can see my screen at all, I'm just giving it a bit of a sound check as well as looking at whether you guys can see my screen clearly. Okay guys, I want to welcome you guys now. Thank you very much, most appreciated your time today to do my webinar, to this webinar that is hosted by TickMill and I'm actually with my screen on TickMill trading account as well. So this is the geometric analysis webinar that would be happening every Tuesday, the live geometric webinar does actually include trade ideas that I would be using geometric trading method, mainly drawing the patterns right in front of you guys on the live market. So it will be a very interesting webinar for you and you'll be given trade ideas based on the geometric patterns and because it's a live market you will be able to see it for yourself the effectiveness of the trading strategies and also ask me questions. Now before that just a little disclaimer that you guys know that it is by all means not an exact, not exactly a trade entry type webinar. It is more educational for educational purposes for you to actually apply these techniques and to actually improve your current knowledge and skills that you already have to apply that into a trading plan and with that you know I'll be your mentor through TickMill as well to guide you through your trading venture and exploration. Okay so that's basically it and we shall then begin. So what we do usually in this trade idea type webinar on a live geometric analysis is to go over a couple of pairs that the traders or big boys are actually focusing on. So I've got my sort of resources as well through bank reports and a couple of other areas that I would look into where the traders are focusing on. I mean most investors, traders, what are the pairs that they are actually focusing for the day. So we want to look into short-term, medium-term as well as long-term type trade plan or instruments. Now here basically we're looking into a couple of resources and found out as of today when you guys probably already know yesterday was a public holiday, precedence day in the US. So the US market has just actually you know came into the picture on the today when market opened. So we did actually see an appreciative move of the US dollar. Now with that through looking at various sources as well I find that you've got loads of appreciation of price of the USD of the US dollar but there's also there seem to be a lot of focus on the CHF. CHF stands for your Swiss franc and that is mostly on a sell. Most investors, traders are looking into selling the CHF. There may be reasons for that but timing is of essence whether they are selling it for now, waiting until more falling pressures and why are they buying US dollars now and are they actually looking into holding it much more. So what we would like to do is look into fundamental aspects and combine that with a geometric pattern. So before going further I would like to cover one very very important step to market analysis is identifying the trend. Now as you can see on my screen let me just make sure that you're looking at my screen at the moment. Okay so you've got my screen on at Stick Mills trading account right here and as you can see I have plotted tree lines on my screen. Now that's your candlestick chart. Okay for those of you guys who are new I've got my candlestick chart right here and what I usually do as my very first step when I identify trend is I make sure that I apply three moving averages on there and these moving averages are called the exponential moving average and the exponential moving average is very simple. You click on to insert onto your tick mill trading account. Okay whether it's a demo or a live it doesn't really matter. You go on to indicators and then you go down to trend. The reason for that is because this is solely used as a trend indicator by myself. Okay with my method of trading and analyzing the market I solely use the exponential moving averages not to enter trade or to exit but solely to identify the trend. Now we need to click onto moving average so what do you do then is you insert your moving averages three times. Why because there are three type of lines three parameters three periods. The first one you start off with 50 so you type 50 right here. Okay type your 50 you can choose the color that you want as long as you can actually differentiate which EMA to which EMA then you're fine and make sure the MA method it's not simple but it's exponential. The reason for that is because I've identified the exponential moving average as more sensitive and it actually fits much better with the geometric trading method style. So then you click on to be applied to it always will be closed and you start off with the 50 first choose your color then you click on okay then you repeat the whole process and insert the other two lines so you've got 50 as your first line 50 exponential moving average and then your 100 and then your 200. So once you've actually done that you will get that three lines right here so you've got your 50 you've got your 100 and you've got your 200 as well. Okay so there you go so you've got three lines right there and these three lines are used to identify trend. Now this is a very very important tip when you want to identify a trend on to deciding which time frames that you need to actually look at it has to always go hand in hand with the level of equity that you have. So if you decide on analyzing the market draw trend lines and do patterns or anything that you do on your chart needs to mirror your equity if your equity is small you need to look at smaller time frames if your equity is of a medium let's say 1000 to 5000 then you can actually afford to go to the one hour four hour but if you are looking at daily charts and you want to draw your analysis and base your trades on a daily chart then you want to look at a bigger level of your equity perhaps your five to seven thousand mark and above the reason for that is because of the correction that these charts would actually be making and the bigger the time frame you've got bigger corrections bigger number of pips as well so it's very important for you to match your equity level with a time frame that you do your analysis on okay so what I do is a very very simple tip when you want to do analysis on trend what you can actually do is pick three time frames that fits you best for example if I am trading with a medium sort of account with 5000 us dollars equity let's say I would like to look at my 30 minutes one hour and 40 let's say or four hour chart if I'm looking at 10,000 mark and above I could afford to look at my one hour four hour and my daily chart okay so let's say we start off with one hour four hour and daily as just as an example because even if you've got a smaller equity level you can still compare all time frames right up to the daily chart there's no harm it only boils down to the time that you make your analysis onto the chart that you need to match your equity to the time frames okay so let's say we start off with a one hour four hour and daily what that means is that I would like to identify the trend using the three exponential moving average very simple okay how do you do that is when you look into when you look into the onto your chart right away right now I'm looking at the USDJPY one hour chart it's on a life market prices excuse me for that prices are trading at the 10720 level but just notice that where the candles are trading can you actually see that the candles are not above these candles right away are not above all three lines or under all three lines are actually trading in between the three lines okay I'll explain what that means but I would like to first demonstrate what does it mean to actually be under all three lines if they are under all three lines let's say look at all these candles right here now these candles are touching the line but look at all these candles right here these ones here are actually trading under all three lines as they trade under under all three lines what that tells you is it's on a downtrend so this is what you want to look at you want to look at the current candles position are they actually under all three lines or are they above all three lines that's your first tip that is your first factor okay question is are the candles trading under all three lines or above all three lines if they are above all three lines let me give you another sample okay like this one here it's a very good example let me just clear out some of the objects that I've got earlier on in a second okay so here for example you've got candles as you can see majority of candles are above all these three EMA or exponential moving average lines okay as you see all these candles above you could clearly say that they are on an uptrend the further away they are above the three lines the stronger the uptrend is okay now this is only on one time frame which is the daily chart so how do you actually determine a trend to be strong to stronger you do not actually need to determine the trend just to be strong because whatever that you see strong for now could easily be weaker all right what you want to make sure is the trend is the the question to ask is is the trend going from stronger from strong to stronger whether it's going from week to weaker how do you know whether it's strong to stronger is when you compare three time frames and the three time frames give you the similar picture okay what that means is for example if you look onto a one-hour chart and if that one-hour chart is showing you that the candles are above as well all three candles all three lines and then you go into the four-hour chart and it does the same picture for you and then you go into the daily chart and it again does a better clearer picture showing you that the candles are above all three lines now in this case for the euro USD we have got complications we have got the lack of clarity of trend why because the three time frames does not actually match now the other factor to consider as well is that you need the three lines to be moving with the trend direction what that means is you need if it's an uptrend first factor you've got candles above all three lines that's great the second factor is to look at these three lines the three lines needs to be pointing up in a bullish trend in a bullish trend the three lines needs to be pointing upwards towards the sky towards the sky is uptrend towards the floor or towards earth is downtrend as simple as that okay so you need two factors number one factor is you need the candles to be above all three lines and all three lines should never touch each other or being entangled to one another they should actually be far apart from each other and pointing smoothly to the upside or to sky to the sky to actually show you an uptrend okay and it's vice versa for a downtrend you need all these three lines to point towards the floor towards the earth towards earth and also to look into candles under all three lines okay so i hope that's clear for you guys that's your very first step so you've got two factors to consider with the three lines the EMA lines okay you've got candles needs to be above all three lines if it's an uptrend and you need all three lines to be pointing upwards okay if it's a downtrend you need all candles most candles that you can see to be under all three lines and all three lines need to be pointing towards the floor now let's do these analysis of the trend for the usd jpy now okay so now i'm going on to the usd usd us dollar versus jpy jpy is your japanese yen now all we do is we go on to we go on to the what do you call that to the very end to look at all the movement of candles now when it's above all three lines great and good it's the uptrend bullish okay when it's downtrend the candles are under all three lines which is called bearish now what if candles are not above and not under this is when you have got a little bit of a sideways type uncertainty it's not the right timing to actually consider trading or drawing any patterns because the market is uncertain so you've got only three directions of the market you've got market markets able to move to the upside sideways and downward or bearish correct so you've got sideways market bullish and bearish now bullish usually is governed by your greed okay the emotion of greed sideways usually like we call it a three o'clock type angle it's usually governed by uncertainty now look at the way the three lines are moving the three lines are pointing sideways excuse me as though it is on a three o'clock angle okay look at the three lines the three ma lines and then what you've also got is you have got the candles in between all three lines now because candles are in between all three lines that literally means that the market has not made a decision per se whether to move upwards or downwards that's what it means okay so if the market is in doubt you as the trader need to stay out as simple as that okay so this is not an ideal area that you will actually be looking at at this moment of time to enter the market even though you're looking at all these candles going up most traders what they do is that oh it looks like it's on an uptrend yes true but not for long in a way why because it might find resistance at any one of these three lines as well these three lines could easily act as a support and resistance okay so here you've got candles going upwards look at how it found resistance and drop down and it went up again it found resistance at this 50 EMA and it dropped down again it did pass through here but now it's finding resistance at the 200 exponential moving average what does 250 and 100 mean all these numbers are actually representing the number of days so 200 on average movement 200 days of movement okay so 200 exponential moving average so that's basically what it means right so then on the candle stick on the daily let's say you've got 200 candles as well so excuse me I hope that is not too fast I hope the pace is okay but if you guys have got any questions feel free you know just just to ask so this is where we want to start with the trend analysis only when your trend analysis is strong enough that you can actually then move on step by step to actually draw the lines do other analysis let's say pattern analysis geometric patterns and all that so all that could not actually proceed further unless you clear the trend okay so that would then lower your risk and heighten your probability what we want to do is to analyze the market with high probability low risk trade ideas okay so here for example on the one hour chart let's just start with the one hour chart we're still doing the trend analysis here okay so here itself it's quite uncertain at this moment of time so it's not wise to actually say oh it's on an up trend or in on a downtrend it's just simply not clear why candles are in between all three lines they're not above all three lines they're not under all three lines and what we do next is we go on to the four hour chart now four hour chart yes candles are under all three lines three lines are pointing downwards that's well and good but the problem with it now is that you've got candles touching one of the lines which is the which happens to which happens to be the 50 exponential moving average we would prefer that the candles are under all three lines and not touching any one of the lines so let's say at this area here that's a good consideration of candles being under all three lines but not for now as this is finding some correction and touching the line as well so let's go on to the daily chart on the daily chart it's quite a nice clear downtrend meaning you've got candles quite far away from all three lines and they are under all three lines so you can actually say safely that on the daily chart it's giving you a better picture of a downtrend but you've got all these lines here the three lines are not that smooth though why they are far apart from each other at only at the end but you you can see that there's a there's a bit of a crossover between the hundred and the 50 moving and the 200 moving average right here okay so we would like to always see a clearer movement of the three lines not touching one another so yes it's a little bit biased to the downside for the USDJPY on the daily chart which actually means on the long term okay so here for example I'm going to be teaching you very very easy ways of understanding support and resistance as well okay so here for example a very important tip if you've identified the trend to be uptrend or downtrend okay let's say let's pick another pair so that you've got a clearer indication of trend let's just look into I'm just going to pick one of the pair perhaps I've got New Zealand dollar right here okay let's just for example we're looking to the NZD USD at this moment of time now I would like to practice what I've just actually taught you with a trend of course and also support resistance this is really really important for you guys okay so let's start with the trend analysis and NZD USD one hour chart just as an example as you can see this is where you see candles in between all three lines and this is actually not a good indication okay even though you're looking at the current candles moving up or down it's not a clear indication of trend now as you can see the three lines are also moving sideways that actually means that it's on an uncertain mode market is still identifying reasons to actually either break out to the upside or break out to the downside okay now here itself one hour is not clear on the four hour however you've got a little bit of clarity I would say finding support trying to move upwards on the four hour chart you've got three lines pointing slightly upwards but not very smooth upwards it's not as smooth as this one here that you can actually see okay it's slightly upwards but not as strong okay and if you go on to the daily chart it's a little bit stronger when you see support or resistance that happens from either one of the three line it's always a good sign because you see the push up here as it found support on one of the three lines right here in this case it was the 50 exponential moving average you could see a big push to the upside now let's say for example you have identified a trend let's say all three timeframes have actually matched okay that's that's a good indication if it matched now if it has matched and that gives you a good indication of an uptrend when it's an uptrend you would be a buyer correct you would be a buyer because it's an uptrend and you would actually choose that currency pair to trade to the buy side so you would be most probably clicking the buy button because you are predicting the market of the market to actually appreciate and go up now depends on what position you are your position as a trader could either be a buyer or a seller correct but it does depend on the trend so hence the reason the trend analysis is really really important so if you've got three type frames telling you that it's an uptrend then you are going to be a buyer let's say you are a buyer this time using the NZD USD daily chart let's say you are a buyer okay now if you were to be a buyer you would need to do a very very important thing when you want to draw your support resistant level but first of all identify your position your position you are a buyer and let's say you want to buy the NZD USD and you're thinking of entering the market but what you need to do is identify the risk of being taken out by the seller because you are a buyer you need to look to the left to look at previous sellers always do that and it's exactly like crossing a very busy highway when you cross a busy highway you're looking to the right and to the left and it's exactly the same when you're actually trading for its market looking at the charts analyzing the market you are looking to the right for the price now the price now for the NZD USD is at 0.7355 give me a second guys I think we've got some questions okay hi there Kaya you've got a very good question I can see the question is when do you determine your entry and exit points because moving average are lacking behind that's a very good question now all the most of the indicators they are lagging hence the reason I'm not using it for entry and exit it's not ideal to actually use lagging indicators for exits and entries hence the reason I'm only using the moving averages as a trend indicator only after you identify and it's really clear and you're really clear the trend then you can actually use a very nice you know strong method to actually predict the market hence the reason I am going to be demonstrating to you how I actually plan my entries and exits using geometric patterns so at this stage we're still at the trend identification side of things or only once we are strong with the trend then we are able to actually predict the market by using a certain strategy okay so that was a very good question Kaya thank you very much for that one thing that I would actually you know have you take away tonight is to always focus on when you're trading for it's because of the level of risk that are already in the market for you it's always best for you to focus on the risk and let the profit right behind you know for you automatically now you I know that most traders are focusing on the profits but the thing is that you always get the opposite direction of the trade to actually take you out so this is what I want to teach you tonight is to look at how do you draw a proper support okay now this simple technique is going to help you a lot so here for example you have got price now based on NZ USD okay daily chart let's say you want to buy let's say you've got all the reasons to believe that you should be buying okay so we're looking at the price at 0.73 double five let's say now you are thinking of buying there's some depreciation of price when you look to the left following the current price now you see that that was a major resistant right there you've got some more resistant right here as well how do you draw a nice support resistant line never should you draw a single line when you're plotting a support resistant a support resistant line you usually or best actually works with two lines okay so for example if you're a buyer you're looking at sellers previously and you're looking at sellers who have actually pulled down price quite significantly significantly down why do I say significant is that if you pulled that angle that is actually dropped down to this angle here that's close to 600 over pips and that's that's quite significant 100 plus pips and above could actually be considered as quite a significant move already okay so this one here 600 plus pips downwards now very easy look at the price now trading at 0.73 double five and is actually exactly at the point that previous sellers has brought down the price so what you would need to do is go on to the highest body okay the highest body is marked by the price now anyway so once you've drawn one line on the highest body okay which is exactly where price is now you could then proceed to drawing the highest week that you can see now you've got a zone that zone is your resistant zone okay very simple so here itself would actually save you a lot of time and a lot of risk the reason is this because you've drawn that these simple two lines this simple two lines mark a resistant zone okay now i'm going to color that for you so that it's actually really really clear okay so you've got it right there okay so here itself you've got a resistant zone what does that actually mean that actually mean if you're thinking of buying it's not a good sign why you've got prices in within the zone you need prices to go above that blue colored zone to then mark more strength to the upside at this moment it's not looking that way you need prices to actually come downwards under this blue zone to then give you an indication of a downward type momentum at this stage prices is just trapped in within that zone so it's not actually a good buying type plan okay but before that what i would like to do now is to show you ways that i am predicting the market using a very simple technique that's called geometric patterns okay so i'll give you an example let's say i'm looking at i've got all the reasons to believe that i would like to buy and i would like to look for geometric patterns now if the trend is to the upside you're looking at geometric patterns that are bullish type pattern that looks something like this i'm just going to draw that very very simple pattern for you like this okay there you go so you've got like a lightning type pattern like that now very very simple hope you guys can see it very clearly you've got a simple pattern like this you've got your ab here let's say a that's b and that's c and that's d okay now just watch this pattern very carefully and what we are actually doing is we are predicting c to d let's say i have got a movement from a right to b and i've got another movement from b right to c what i'm trying to do is i'm trying to predict if at all the market's going up how high could it actually go up to right so i'm just going to demonstrate right away for you this is called a bullish geometric abcd pattern it starts off with an abcd pattern first so we are going to predict the market for nz d usd using geometric patterns so let me just answer a question right here the um okay hi Jordan the indicators that i have are actually the exponential moving average exponential moving average of 50 100 and 200 these are the indicators that i use but it's solely to um determine the trend if candles are above all three lines it gives you an idea of a bullish type trend if the candles are under all these three lines then it's giving you an idea of a bearish type trend hope that's clear okay there you go so now we will just start off giving an example of how we predict the market and look at how far um the nz d usd could go if it decides to go up and break out of this zone and go up furthermore how far could it actually go very simple what you do is you grab that line right there there are tutorials coming more as we actually um continue the webinars they've got more tutorials i'm teaching you step by step i'm drawing the pattern so don't worry about it i'm just sharing with you um on the trade ideas on the Thursday's webinar we'll go into the tutorials of it okay so if i have taken your ab's length the length of the first leg is called the a to b leg if i've taken the the exact length of it i could then predict and project how far the nz d could go up to so it could potentially go up to this level right there and that is just by predicting using ab equals cd we call it quadrilaterals okay quadrilaterals means that this length of these ones here number of candles in here could potentially mirror the number of candles right there too okay so what that actually means is we have got an indication if at all nz d usd manages to break through that zone that resistance zone that we've just drawn in blue then it has the potential potentially or probably with a probability of going up to the 0.7670 area okay now this is simply an abcd pattern and not yet a geometric pattern to actually convert the abcd pattern as you can see on my screen into a geometric pattern it's really simple you simply need to pull from the a point right to the d point that way now once you've actually done that only then you've got a cross point right here that cross area right there is called the centroid which could also mark your ideal entry area so you could actually easily enter much earlier above the line i've just drawn on the centroid but because we have actually marked a very strong resistant area it's probably safer or lower in risk to consider buying only after it has actually gone or consider a buying opportunity only once it has gone above the zone so that's a very important consideration this is how you then look into outlining two lines to actually support your drawing for a support resistant zone okay so you've got 0.7410 as your last line at the very top now there is another thing that we actually teach in our tutorials which is actually called psychological numbers so in the next for the Thursday's session I would welcome you guys to actually join so we can then talk about psychological levels and how you actually plan your entry and exit using special prizes they are right prizes to buy and right prizes to actually sell so we use the help of psychological levels to actually identify that together with the patterns okay so here for example we're looking at a potential to buy only if prizes have pierced through or broken out from that blue zone and go further up and I would say that an ideal price based on the psychological number principles would be only at 7 4 30 there are reasons to believe in that I'll cover that in much more detail in Thursday's tutorial on psychological numbers okay so we're looking into let's say an example of having an ideal price at 0.7 4 30 and the thing about it as well is that you have got only one line that we have actually used to predict where the NZD USD could go we could also be covering we will also be covering tutorials on Fibonacci so don't worry if you guys are not getting it just yet don't worry because it's it's a whole learning process or tutorial just based on the Fibonacci levels as well so here for example if I pull my Fibonacci from point A to point B I will always pay a lot of attention to where the C point has actually landed in this case the C point has landed at 50% now we will start from scratch on teaching you how to use Fibonacci and how to actually use Fibonacci with a geometric pattern so don't worry about it so that 50% would then tell me that the D point could reach at about 200% which is basically that line right up here so now I've got a zone that has actually marked my potential D point so I've got another zone that I can actually color it in blue now this is my potential take profit type zone okay so what I usually do is look into a pattern like this to actually mark my buying with the buy entry but then we lay out very nicely we've laid out very nicely a support resistant zone just now so I would then consider as a trader to look into buying only after it's actually crossed and gone above the seven seven four thirty sort of price okay based on principles of psychological numbers that we will cover as well and I'm looking at let's say buying at the seven four thirty area as an example and looking at actually take profiting only once it has actually reached this area here but then under that zone area so that would actually give us a potential for example if I'm looking at let's say entry at seven four thirty exiting at seven six seventy that would give us a very nice 241 pips that's based on a daily chart okay so this is where we would guide you as well in the tutorials that happens every Thursdays on how do you actually plan your trade in smaller time frame to ride along stage by stage in training that that 260 pips could easily be broken out for the day for the week so you can actually break that down with smaller patterns on smaller time frame and we will teach you exactly on how to do that okay so let's see we've got more questions okay the color of the EMAs is entirely up to you I've just used shades of blues the darker ones the dark the darkest one is my 200 and then the medium is that is 100 and then the lightest blue is 50 you can use it you could use it you can use any colors you want actually you can even mark it as as long as you know which color represents which EMA line that you should be fine okay how do you plot your it's a very good question this is actually a very classic most important question is how do you actually plot your A line now that will be covered in detail in the tutorials that would actually happen as we go on because we will be covering it you know step by step and I'm just giving you a taste of the techniques that are actually used in the geometric trading method so you've got Fibonacci skills that you need to learn you need to also understand where do you actually plot that A line now just to give you a bit of a bit of a taster in how you actually plot your A line is that you use your Fibonacci okay use your Fibonacci to do that I could easily use my Fibonacci and you know put it from the very bottom but the problem with that is I have got it on a certain Fibonacci ratio so I've got a set of Fibonacci ratio that will offer you a higher probability and lower risk so we will talk about that on how to use the right Fibonacci ratio in actually right Fibonacci ratio for the C point the C point is very very important so this covers an entire course on its own just the geometric patterns itself and then you've got coverage on Fibonacci itself so we've got a range of ratios that I use to actually predict where the D point could actually be so do stay tuned on next webinars as well so we can then you know go into the course so the courses would actually start on Thursdays on Tuesdays as you join me it'll be going through trade ideas okay so we want to go on to more trade ideas now and I will be drawing more patterns for you to see and you can then start grabbing trade ideas on a short medium and long term are we ready we'll actually go into different pairs now I'll also analyze gold and we can see how it performs so far okay all right let's proceed to looking at one of the pair have you guys got any suggestions of pairs that you guys are looking at or trading at the moment perhaps you guys can shout me some pairs and I'll be most happy to analyze that right in front of you guys and draw patterns if we've got patterns usually what happens is that if you've got patterns then you've got trade ideas you know and if the trend is strong enough then your probability are quite high and your risk are low okay so any any any of you guys volunteers to shout out to me pairs that you would like me to draw the patterns live for you so I could share the trade idea with you anything at all anyone yes brilliant we've got we've got someone ready brilliant that's the AUD versus the JPY for the guys for you guys who are new AUD stands for the Australian dollar versus the JPY is the Japanese yen we've got AUD JPY let me just look for that pair right away AUD JPY that is considerably could be quite a quite a volatile type pair as well and it's also quite good for something that's called the carry trades you've got quite a number of traders carry trade this that actually means that you trade it on a buy and traders because Australian dollar offers quite a high interest rate versus the Japanese yen that's really really low so what people do is they buy it as usually only on a excuse me only on a bullish trend they would buy it and they would earn interest from it as well so that's called carry trading perhaps you guys want to look it up and read a little bit more about carry trading so this is quite a popular pair for carry trading okay for the AUD JPY so let's look at this now for the AUD JPY on a one hour chart look at it straight away from what I've actually taught you guys and mentioned earlier on just doing trend analysis based on the three EMA lines the 50 the 100 and 200 look at the position of the candles thank you Tato I'll also look into euro USD and gold as well okay yes right after the AUD JPY thank you so much for the rest of you guys if you've got more pairs to throw in the more that we can analyze as well okay so let's look into AUD JPY on the one hour chart the AUD JPY now think about it is very quickly you can make that decision of a trend what do you guys think about the trend look at the position of candles are they actually above all three lines are they are actually under all three lines the answer to that is no they're actually trading on a sideways type market and you've got the three lines pointing sideways which actually tells us the trend is a little bit uncertain not a little bit perhaps it's very uncertain because it hasn't broken up to the upside or downside so it's not really a good decision to make to enter the market at this moment of time okay with that when we look at price on the right where as we cross to the highway of the forex market look to the right look to the left okay on the right it's trading at 84.71 now 0.71 is the last two digits that gives me a hint that it's a really really close to a psychological level which is 80 okay I'll explain that much more in the courses we go on okay but here for example just looking at a trend it's not good on the one hour chart let's move on to the four hour chart now four hour chart you've got candles under all three lines the way the three lines are moving it's really nice to the downside but we are not looking at a nice movement of the candles under all three lines we're looking we're looking at candles touching the line as we can see so as we can see sorry and that actually then gives us the hint that it's not quite clear to the downside it is actually more biased to the downside a UDJPY and four hour chart but not really that clear to take position at this moment for itself now look at the daily chart on the daily chart you've got entanglement happening okay here entanglement so that actually is not a good sign yes you've got candles under all three lines but again trend is not my friend at this moment of time because all three time frame didn't actually match strongly to show me a strong downtrend or an uptrend because candles are just not matching the way it should be matching on all three time frames so here I would then stay out when you're actually in doubt of the trend that's when you stay out of that pair okay just as of now so that we can actually look at other sort of opportunities in other pairs okay so that's basically now the way to actually choose the pairs as well for the day will be covered in one of the core structure are happening on Thursdays so I will cover on how do you start your day picking the right pair now that's a very very important part we'll cover that on Thursday together with the basics of geometric patterns and psychological numbers on this coming Thursday okay so okay we've got something here from Lali the AUDJPY was looking at four hour daily and weekly time frame okay now it's a good time frame to look into the chart into the trend side of things but you need to also mirror your equity with the time frame that you're analyzing the market with so now for example if I look at the weekly and all that it's it's great to look at the weekly and and see that okay you've got candles and all that but the thing is as of what I've actually mentioned today you need at least three time frame time frames to actually match up so that it gives you a clear picture okay all three time frames needs to match and it needs to give you the idea that the candles are trading well under or well above all three lines and the three lines needs to follow the direction of the trend okay at this stage I don't see that in the one hour I don't actually see that on the four hour either and I don't actually see that definitely on the daily chart I don't see a match on all three lines absolutely on all three time frames okay so that's not a good selection of pair to actually look into trading because the other thing as well is I mean you could easily zoom in yeah could easily zoom in and look at that candle and when you look at that candle you may say or most traders would say okay it's on an uptrend now but an uptrend or a downtrend needs to be seen from a bigger perspective it needs to be zoom out okay and you need to see the perspective of it like this okay yes it has gone up came down here went up there came down again but now it's actually coming downwards and it's actually under all three time frames and giving you that indication that yes candle for now maybe actually appreciating so let's say you want to be a buyer okay now you want to be a buyer and if you look left you've got some support angle here but if you were to be a buyer you need to ask your first a risk question who are the sellers previously where has market dropped previously because if you were thinking of buying the but the sellers would be the one who would be taking you out of the market okay because if it were to reverse now that's actually been caused by the strength of the sellers so what do you want to do is you want to scroll and you want to look at whether or not previously you've got market dropping you've got market has actually dropped here previously that was some time ago that was back in back in 2016 in April let's say okay market has dropped but I would like to look at a peak of where it has actually dropped in you know previously so here for example this is quite a significant drop now when was this this was some some time ago here was exactly where price is now correct and this is exactly where price has actually dropped and how much did it actually drop all the way down to 1035 pips okay of course it took some time to actually drop that much but this was a significant very very significant drop okay so what you would need to do is then to look at some support here yes but then I want to actually mark where prices has actually followed you can easily look at this group of candles here the lowest let's say highest body and then you've got the highest wick which is right there as well okay so this is how you draw that resistor now you can actually see that while you mark that area there where price has actually fallen okay you have got price now trapped in between the two lines okay so here is when I would say no way I'm going to be buying at this stage because my price is not right it's actually trapped between the two lines as you can see you've got support in this area as I zoom out look at this line has got all the support resistance happened previously you've got support right there some more support you've got all this concentrated prices here and you've got that price fall as we have talked about as we go back you've got all concentrated price at that zone so that actually marks a very very strong zone but this is based on a daily chart so what I'm looking at now is that if I'm saying that okay I wish to actually participate in a buy I wouldn't participate in a buy right now only once prices have actually broken out okay broken out of that zone now this is your zone basically for the AUD JPY okay now to summarize it's too risky I wouldn't look at patterns at this moment of time because I need the trend to be strong and I need I need to break out of price at this moment and giving me price action at this moment of time it's still on thinking mode is in within this zone for AUD JPY if you want to look at a buy type position then you need to wait till candles pierced through to the upside okay now you can always go on to lower time frames let's say and on the lower time frames you want to look at whether there are candles above all three lines you know you want to do the same with the lower time frames like five minutes 30 minutes and one hour let's say group up three time frames and ask yourself you know look and and see whether or not the three time frames are actually matching in terms of trend okay very very important so that's your AUD JPY I must say that it's not giving me a very clear indication in terms of pattern mainly because of the trend okay it's still trading in between that line I still need candles to be above all three lines hopefully that is quite clear for you guys yeah so the AUD JPY so excuse me just a drink of water if you guys don't mind okay so we've covered that AUD JPY just not giving me a very clear indication at the moment of time in terms of trend so I will not look further into drawing a trend line I rather look into the other pairs that you guys have actually requested like the euro USD and gold okay so let's go to the euro USD at this moment of time okay you've got your euro USD at this moment let's do a bit of a trend analysis quickly okay now we start off with a one hour chart first one hour chart gives me an indication of candles under the three lines but the way the three lines are actually moving are not very encouraging they're not actually giving me a clear indication of trend at three lines as you can see it's crossing over and it's pointing sideways so that's giving me a bit of a trend uncertainty but then of course you've got candles you know coming to the downside at this moment of time okay it's it's not giving me a clear indication of trend at this moment of time we've got a question here Jordan what is the indicator on the main chart indicator on the main chart as I have actually mentioned is the 5200 and 200 exponential moving average yeah these are the indicators these three lines that you see are your 50 100 and 200 exponential moving average that you can actually insert the indicators like that pick your trend go on to moving average and you type in the numbers on the period start off with 50 make sure the MA methods exponential and apply to price okay so you you would be doing this three times basically inserting three lines okay so you start off with 50 and then a hundred and then 50 hundred and then 200 okay is that clear Jordan is that okay for you these are the indicators you need to insert them yourself all right okay so let's go back to let's go back to the Euro-USD so if Euro-USD is not clear on the trend in the one hour chart on the four hour chart we have got the same thing happening it's uncertainty of trend why because you got candles in between all three lines as you go into the daily chart you have got a little bit of a clear I would say movement to the upside you've got some what you call that opportunity for a bullish run but that's on the daily chart so yes there's some some indication of some bullishness okay now as as prices come down on the daily chart as it comes down if you look left you have got some support area right here okay so here may actually be an area on the lowest body right there in the lowest based on this area lowest weak and lowest body that gives you a bit of a support type potential okay and as we go to the left you could see that that mirrors very nicely on some support previously here as well okay as we go to the left some more you could see there are more support and where prices have automatically coincidentally came up to that level and pushed pushed up so this one here I would say that there may be some little room for prices to fall first and come to this area of 1.235 area before it actually goes up further but this is on a daily chart so that actually means that there may be more fall to be expected for the euro USD before you see a rise in price because the daily chart is giving you hints of the long term okay so yes it may be falling much more falling first before actually rising and it may fall and find support at the area of 1.235 to 1.21 or 2200 okay that's basically our psychological levels as well so this is for the euro USD let's go on to the 50 minutes chart let's see whether we could actually see some indication of a clear trend here itself on the on the 5 on the 15 minutes chart it looks like you've got candles under but then you know it's touching the lines again it should touch and come under much more then it gives you a clearer indication to the downside but the bias is definitely to the downside because you've got all the resistance resistance touching all three lines right there okay and as we go on to the 30 minutes chart let's look at the candles again candles are under yeah this is actually not a bad one but we look at some crossing of lines here it needs to be moving clearly to the downside like the candles but it's not really a 30 minute chart and it's not very clear again with the euro USD on the one hour chart because you've got again some crossing of lines so I know there may be most of you some of you who are familiar with entering the market when there's a cross and things like that I personally don't use that strategy of using lagging indicators like the moving average to actually enter the market or exit as I've mentioned earlier on so I solely use my exponential moving averages to only determine the trend all the strength of the trend and only after that that I actually proceed to looking for patterns and drawing out patterns okay that way I find that you would be spotting more high probability lower risk type trades okay guys so we have got euro USD right there covered it's just that it's not giving a very clear indication at this moment of time as you see prices here price now at 1.2346 it's really close to the 2350 psychological number as well so what I will do is I'll mark the two psychological levels and I will you know go into it in the tutorials this coming Thursday okay in more detail so I'm just going to mark it I'm going to show you the working of psychological levels of psychological numbers so I've got the price at the moment where price now is really close to 2350 which is one of the psychological level and to the downside is really close to the 2320 which is the other psychological numbers you've got four sets of it we'll cover that on Thursday 2320 and 2350 so here as you can see the two lines itself marks the two psychological levels but then we've got current price now it's actually sandwiched in between the two psychological numbers so you need the price for now or current prices to break out from this level first to go upside and only above the 2350 like 2360 or so that then you can actually consider looking into more strength by the buyers if not if it hits downwards it goes under 2320 that means it prefers or the market prefers to be to the downside or the control would be by the sellers if it goes under this so this itself with the psychological level itself you could easily do another sort of zone right there as you can see you've got support right there right on the psychological number you've got more support close to it as well as you go on you have got support there support there as well so here it easily marks that zone as a very risky zone at this moment of time to trade you would only be considering trading once prices for euro USD has gone above or under that blue zone okay at this stage it's still very very risky okay guys so that's basically it I would like to also demonstrate a bit of a pattern right here that I can actually see at a glance you've got A to B right here for example and you've got C to D right there so for example I would use the ABCD pattern initially to actually predict the market to the upside okay so I would probably look into this previously just as a demonstration of the ABCD pattern to look into take profiting at this area right there okay because that's my A this is my B B to C and I'm looking at buying at this area so I would have actually bought from the area of the center okay don't worry guys I will cover this on the tutorial site so that's your centroid area that actually would mark the entry area but above that entry point we're looking to psychological numbers as well later on on how you tweak the right pricing okay and you're looking to buying let's say above that middle line here and would be taking profit just before it reaches that area right there so that potentially could be a 120 100 to 120 type trade potential right there if you had actually bought and drawn that pattern found that the trend was strong to the upside you could easily take that number of pips right there based on the one hour chart itself okay so that's just a bit of a demonstration right there because at a glance I could see that pattern and that is one of of it that that traders have actually participated in okay so there we go we've got that in the Euro USC so let's cover a the last the last analysis and that would be for goal okay let's go on to go this moment of time all right we have got a couple of a couple of previously drawn type patterns right there as well we have looked into some abcd geometric abcd pattern bullish pattern that actually gives us an indication of a potential rise to the 1389 area it actually reached if not the an ideal entry area at the center point area right here at 1308 and above and we're looking at that as the target area of 1389 it has actually reached the 1368 but now it's looking like it still prefers to find support at any one of these lines but before anything else let's just do a little bit of trend analysis and always start with the trend analysis so that you would be able to be at the right side of the market and draw the correct pattern so here for example on the daily chart itself we have got a bit of a potential to the upside it looks like it found support right here it's coming back down as well but let's just start with a one-hour chart looking into how the candles are reacting excuse me are reacting based on the exponential moving average now here itself on the one-hour chart yes you've got candles um through the downside you've got you've got domination by bearish candles they are under all three lines but these three lines are not giving us a very clear indication of trend because you see you've got a bit of a touch point right there you've got candles um you know you've got the lines just trying to cross one another there it's not pointing downwards very clearly and you've got it on the sideways side so at this point in a one-hour chart the trend is just not clear the trend of reaction is not actually clear as yet okay and the other thing as well is we'll compare with the four-hour chart on the four-hour chart it's got loads of complication a bit of you know uncertainty of the trend because you've got all these candles right here has actually dropped quite a bit but it's not coming out of the three lines okay it's not under all three lines and you've got the three lines pointing sideways for a goal at the moment so you've got all this uncertainty I would say non-clarity of trend as well so as we go on to the daily chart you could see that candles are above yes but you've got some excuse me we've got some depreciation of price at this moment so usually what happens is that you've got you've got candles coming downwards and if they're really close to either one of a line in this case it might be able to find support at either one of these lines and then back up again now here for example just to give you a little bit of indication when I look at a rise in price like that and then I see a correction here this correction that bounces off this line could easily make up a pattern for me and will cover on how you actually identify patterns in on Thursdays okay so we will cover different topics that make out the basic of the geometric patterns or geometric trading method okay so here for example if I lay out that line on an a to b I'll be able to predict and give an idea of how far could it actually rise up to once it has actually done all this correction and then find support if it does actually decide to go upwards how far could it actually go so we can draw an a to b line like that and once we draw a b to c line you've got a to b b to c and how do you predict that very simply how far could it go if it decides to go up you just double click that you move that a to b and you move it right there so then we've got a quadrilateral that actually means a b equal cd right there okay so there you go you've got a simple a b cd predicting or giving you a potential of price rise to that area of 1436 that is really a very you know high up there but then again we're looking at the daily chart okay so um from this a b cd type pattern how do we convert it into a geometric pattern very easy we grab the a right to the d and we've got the center point right there and that center point would actually mark an ideal entry area but actually it means above that centroid area would actually be a better or ideal entry price for a buy so at this stage you've got candles under that line so it's not really a very ideal area to consider buying now let's say if prices were to actually go above or past the 1336 area for go 1336 let's say let's say cross upwards what you would need to do is because you're going to be you are going to be participating in the market as a buyer you need to look left and look at challenges whether you've got challenges as sellers might take you out so what you do is you go on to this area here and you draw a resistant zone with that you draw two lines one on the highest body that you can see in this peak okay and then the highest week and you've got a zone now what that actually means is I would then prefer to also mark this area right here because you've got that area there so um for me as a conservative type trader looking at the risk element I would then mark this whole area right here as a resistant zone so you've got a resistant zone right there now so now prices for gold has actually been respecting that resistant zone and hence the reason it's actually coming you know downwards at this moment of time so you've got a bit of a bearishness happening with gold at this moment of time so it's not really ideal for a buy so your buy position should only be above this blue zone which is above the 1365 area and above so only once prices have actually reversed and gone up and gone through that zone then you've got a better consideration to actually buy gold at the right price which is above the 1365 area to mark your take profit area under the 1436 area so I hope that's clear guys so this is for your gold position I know loads of you know traders will be looking at lower time frames and then they're looking at all chances of prices of gold going up at lower time frames maybe showing you a different picture but here on a daily chart itself I've laid out that zone and it's giving you an indication of what's happening to go at this moment of time because of the appreciation of the dollar now if you look into the USD index USD index is a great tool to understand the position of the dollar USD index is an index that's not tradable but it gives you an idea of the USD or the US dollar strength compared to a basket of six currencies so the USD index itself maybe you want to type that on google look into investing.com or various other sites on what the USD index is and it's a good indicator to tell you about the strength of the dollar so at this stage we have got I mean as of market open today there were lots of news of the positivity on the USD index so that is giving a rise or a hint of a rise of the USD or an appreciation of the USD so that's probably the reason why it's moving in parity or in opposite direction with gold so you've got a rise appreciation of dollar then you're looking into a falling of price of gold at this moment of time but again as it comes downwards there may actually be potential of it finding support at either one of this exponential moving average as well. There you go guys we've covered a bit and I think we've covered the AUDJPY Euro USD and gold as well and a couple of little hints of drawing the patterns a couple of hints on how do you actually draw support resistance but you know this is just bits and pieces to actually give you a bit of a taster on what we can actually cover in detail on Thursdays by topics as well so hope you guys actually enjoyed this session and just before I leave I would like to ask whether you guys have got any questions for me before we end the webinar for tonight. Any questions guys hope you guys enjoyed that questions on your current trade any other pairs perhaps any questions at all guys all right looks like it's been covered I think now if you guys have got any questions you know easily contact your account manager pick me as well okay and feel free to ask these questions and the questions will be passed to me and I'll be happy to answer them by email as well okay guys any other questions let me just see thank you very much for that Tato I appreciate your time as well to attend the webinar thank you very much I'm glad you enjoyed it yes we'll see you on Thursdays for you guys on Thursdays will be tutorial time so I'll be teaching you the right skills to apply onto the market can we look into GBP cat yes we can we'll have that as the very last pair they were looking at but I like to look at GBP cat myself okay so let's do that right away Tato so GBP got GBP cat let's give me a second all right we've got a GBP cat right there and let's move all other things out of the way let's start as usual we start with a one hour chart on a trend analysis now here Tato it's looking like it's really really strong at this moment of time to the upside as you can see right you guys have got the right skills now to actually identify trend why I say it's really strong you've got candles moving upwards quite far from the three lines and they're above all three lines which is a great indicator that is actually moving to the upside and then you've got the three lines the three EMA exponential moving average lines are pointing upwards as well they're not too steep upwards but they're reasonably okay so they're actually not touching one another they're not entangled they're actually quite far from each other which is good so all right let's move on to the four hour chart right away now what does the four hour chart do if you zoom up a little bit it gives you a better picture clear picture you've got loads of support support touching the the lines the three lines and then pushed upwards okay which is a very good sign so you've got two matches now you've got two matches of an uptrend between one hour and four hour you've got candles above you can actually see the dominance of candles as well you've got all these longer bigger move to the upside by bullish candles so again you've got two strikes okay two strikes and two time frame telling you that it's an uptrend for the GBPCAD all right very nice now we move on to the daily chart right away as we go into the daily chart that's again a very nice strong uptrend three lines pointing upwards far away from each other and then you've got candles all over four three lines now would be the time for us to draw a little bit of a pattern okay now what pattern would be would we be drawing is a bullish pattern now in a bullish market when we actually have got a match three strikes on three time frame showing a strong bullish trend then we want to be drawing a bullish type pattern now here we go let me just draw that right very quickly on a life market we draw a pattern starting from here but i'll cover that in the tutorial don't worry guys okay i've got my a to b right there and then i've got my b to c right there okay now a b b c and then i'm actually wanting to predict and look at i'll draw my Fibonacci first just to make sure that it sits there okay very nice um i see a potential of it rising quite high still you've got space to actually look into more what do you call that upward move we're just looking at the one hour chart at this moment of time so we've got an abcd like that okay so what that means is that i'm looking at a potential of price for the gbp c ad reaching the 1.777 38 okay now what i will do next is i shall then convert this abcd into a geometric pattern just to mark the ideal entry point for the buy would actually be only above that center point it has already gone far beyond the center point now the thing is that because it's gone beyond the center point already i want to look to the right and look at the price now the price now is at 1.7681 now 81 i'll i'll always ignore the last fifth digit i always take the price at four decimal places so i'll look at 1.7681 now 81 is your last two digit and that 81 is too close to the 80 psychological number if i wish to buy i wouldn't be buying it 76 81 based on the principles of psychological numbers it's only good to actually buy 10 pips above the psychological level if the psychological level is 80 80 plus 10 is 90 so i'll just give you an example an example of how a trader would actually trade looking at the price based on psychological numbers is not to trade at 1.7682 which is the price now but to trade at 1.7690 instead as a buying price okay so it's 7690 or or it could also be above the 7700 psychological numbers so that would give you another price another option of 1.7710 okay so you've got two psychological numbers two right price based on tweaking to the psychological number so you've got a better buying price right there okay at 1.7690 or 1.7710 okay and here for example 1.7773 it's a price that basically could be adjusted a little bit better for your take profit for the take profit it should be adjusted based on psychological number at 1.7770 the reason for that is because the price that has been marked here the price that it has been marked here is simply too close to the 80 psychological number so 80 is where it could easily be marking a reversal as well okay so hence the reason i want to actually take profit 10 pips under the 80 so 80 sorry 7773 so you know 80 is a psychological number so 80 minus 10 is 70 so hence the reason i have given that price as a sort of better take profit sort of point based on the principles of psychological number this is what traders would actually be doing is looking at tweaking the numbers but it's entirely up to you and it's entirely up to your risk level as well okay so this is only for educational purposes of course so we are looking at angles that we can actually tweak these numbers to a better type what do you call it to a better type price okay so hope that is actually helpful on the GBPCAD i think i've got some more questions that is close to about 70 to 80 pips type of move if you're considering that tweaked price right there between 7690 or 7710 okay guys excuse me hi there kaya you've got a bit of a question about moving averages right here i appreciate your question as well we could actually use the moving average as support yes exactly the moving average are also where support and resistance happens to yes and you know what's the nicest thing about it as well is that when it finds support or resistance on these moving averages it could also be coincidentally most of the time very close to the psychological numbers as well so we want to mix all these nice ingredients up so that you can actually cook you a nice dish of pips okay so this is what we want to do so we'll meet again on thursday and we will go into tutorials and go into the right set of skills that would actually then be married up and combined together to create that trade plan for you practically okay how does that sound to you guys all good okay guys i think that's all i have for you guys tonight i would like to say a very big thank you for participating and you know being great attendees and asking lots of questions which i really like the more you ask the more i learn as well as much as you do okay guys so okay a very good night to you guys there and we'll meet again on thursday and see you guys thank you so much bye bye