 okay guys welcome to the recap of the pro trading strategy that we have on YouTube and on our social network urban4x.ning.com today we're just gonna go over recaps and reviews of trades that occurred since February 1st up till date using the strategy if you guys haven't already watched the strategy you guys can always go to youtube.com forward slash urban4x and it's on the featured video okay so let's get this started here let's move our charts to February 1st and take it from there okay the markets are continuing to drop those of you who are in my chatroom on forex watchers to remember to start looking to exit your positions soon okay yes to look to exit your positions soon yeah in fact exit your positions now okay so February 1st now let's move pound to February 1st smooth your sort of CAD to February 1st Swiss Frank now before I begin I'm gonna go through quick recap for five minutes on the trading strategy what is used how it's used and what websites you can use to understand some of this stuff okay New Zealand dollar February 1st there we go and finally Euro yen nice drop okay let's move this to February 1st okay now in this pro trading strategy what we actually look for is pivot points and exhaustion candles that work together exhaustion candles are basically a candle that forms a very very large tail that sticks out you can see for example this particular tail you can see there's nothing on the left it sticks out you can see it if you're if you're not sitting in front of your computer but you're far away you can still see it spotted out it forms in a trend tail comes out and it bounces off of a pivot line in terms of pivots whenever you are looking at pivot points for example if this this whole area here is today you want to look for three days worth of pivots using pivots just on the single day is useless okay and I can say that again it's useless okay so this is one day this is the second day and this is the third day okay so always keep keep a look out on your pivot lines for three days of data total okay now once an exhaustion candle forms basically you want to the exhaustion candle tells you that the market is going to reverse that is a sign of a reversal for example this is an exhaustion candle here sticks out and so on and so forth there's several all across just doesn't stick out as much but similar concept large tail small body so whenever you have an exhaustion it's telling you the market wants to reverse you can open your trade at the opening of the next candle rule number one never open a trade on a moving candle that means wait for the candle to close and then make your decision do not make your decision based on something that's moving okay now here is the one here is one website I want you guys to write down or you guys can just Google it it's by Oanda they call it currency correlation it's fxtrade.oanda.com forward slash analysis forward slash currency dash correlation this currency correlation basically tells you what pairs move together and what pairs move opposite okay now now let's for example let me take a look at EuroUSD on February 1st you can see EuroUSD on February 1st went down and then it went up all the way if we actually take a look at EuroUSD we select EuroUSD from the drop-down anything that you see in dark red is pairs that move together with EuroUSD again red means together anything that you see in dark blue means the pairs going opposite of EuroUSD okay now the longer history of redness the better it is the first row is one week the second row is one month and then three months six months one year and two years so you can see there's there's been a lot of correlation with US dollar Swiss franc since the last two years it's always been going opposite same with pound it's always been going together it's been red throughout the last two years so pairs like this you need to watch we have gold and silver also that go with EuroUSD okay so now when you're looking at when you select EuroUSD it's saying that Aussie dollar will do the same pound dollar will do the same so let's take a look at Aussie dollar and pound dollar okay your USD goes up pound dollar market comes down and it goes up exactly like EuroUSD Aussie dollar market comes down goes completely up exactly like EuroUSD so you do your analysis on one but you can take your trades on all three of them that's the beauty of correlation okay so just remember that and you can use this website FX trade.oana.com it's by Oana just Google it the first link should be this one okay so as of right now before we continue any questions so far okay on what is an exhaustion candle what are pivot points and just checking two pairs for exhaustion is enough Ram is asking if they're checking for two pairs for exhaustion it's like this whenever you see an exhaustion now let's take a look at EuroUSD okay you see on EuroUSD here let me draw some pointers okay this is not so clear that there is no just practically this is not practically an exhaustion at all because the body is way too big the tails way too excuse me the tails way too small it's supposed to be the other way around the body is supposed to be small and the tail is supposed to be big let's take a look at the next pair pound dollar okay what do we have here now here it's a little bit more clear same time frame at the same time when EuroUSD was created this created difference is this one went all the way down touched the pivot came back up and it closed near the open creating this exhaustion EuroUSD already turned around and start going up so this is the leader right now you can see the candles already green it's already on its way up okay so we have a definite confirmation on pound a maybe on Euro let's continue at this what time was this this was at 9 o'clock on my chart time okay so US dollar CAD what do we have at 9 o'clock okay we have a short on this one the market has already left no exhaustion whatsoever just a small tail and small body but the market's already left it's going down now the one pair that we know so far I'm not even looking at all the pairs just looking at one pair right now pound dollar GBP USD what is it saying okay let's let's jot this down so whenever you guys have a trade this is what you want to do GBP USD has the exhaustion okay the pairs that GBP USD works with is Australian dollar US dollar it works exactly with it it works Euro USD exactly with it now opposite for opposite I'll put X US dollar CAD US dollar Swiss Frank and in the last week US dollar Japanese yen but let's skip Japanese and because we've had white in the past also okay but we do have gold that goes with it if you if you like gold trading gold is an option too okay so these are the pairs that go with it all I know there's there's one exhaustion and from these pairs that we listed Euro USD has already left US dollar Swiss Frank US dollar CAD already left let's take a look at US dollar Swiss Frank it's it's dropped strongly at nine nine o'clock let's take a look yes this is nine o'clock and look at the size of this drop and it's also bounced off of the pivot point right here okay so already left on that one too what other pair goes with this last but not least we have gold let's open up gold here let's move gold to our February 1st and let's see what it's done at nine o'clock nine o'clock it's already left okay it's gone long so at the end of nine o'clock we see all of these pairs that's already left but on pound all we see is the candle is still red it just an exhaustion it is just now getting ready to go long okay this gives you a heads up that pound dollar is lagging behind it just needed that extra price which all the other pairs actually got their price and left but pound dollar just needed that extra push once it got it it went back and it got ready for its long this is why an exhaustion gets created okay so once this happened on all these pairs you can enter along up until the next pivot line for the last three days and this last three days this day this day and this day from the price the opening of the next candle which is right here just right there you enter along the first line that comes in between on its way up is yesterday's pivot line then comes today's pivot line and then comes day before pivot line this is your halt area this is where the market is going to start acting up okay so from the opening until this first zone you are good to go that is a clear profit zone for you okay now on the other hand when you're taking these trades right when these things starts touching you want to take a look at this also this zone will also start touching this one when you enter along on your usd at the opening of the next candle which is right there you want to keep an eye out for the first first pivot line which is right there as the pivot line start touching start looking to exit all of your trades because you've entered all the trades together exit all of them together too even though if one pair says minus six pips and all the other ones say 10 pips profit five pips profit you know put together put it all together you should be overall you should be overall and profit and it's best to exit those trades okay does it make sense so far okay how about a totally opposite candle on a correlated pair okay so that is actually an example from today what if there is an opposite candle on today okay so let's take a look at today but just wanted to make sure before round before I go into that I'm gonna make sure everybody else got this I mean if you're a usd and Aussie dollar forms opposite candles contradicting each other if that happens you want to avoid it and when I when I say avoid it I will show an example of what exactly that means as well Mark says clearly the point is to ID the correct exhaustion candle wherein the market turns I see that sometimes we have a long tail but a short turnaround how do you ID the correct exhaustion candle the correlator correlation explained helps thanks yes it does make a big difference if you're using correlation because if you just look at one pair and you see an exhaustion people tend to get excited and you need to be very patient this is the reason why we're charting on the one-hour charts gives you enough time open up your correlation chart match everything through there's only seven pairs look through the seven pairs and see what is matching up and what isn't once that is done the ideal exhaustion is the one where the one the tail sticks out and it is formed in a trend and also it is bouncing off of an exhaustion that is the ideal exhaustion candle okay John yes you did understand this Perry can you go over the exhaustion versus trend continuation candles okay I will go go over that too I'm just gonna answer Rahm's question real quick and then Perry will go over your question okay Rahm you asked me if what happens when you have a totally opposite situation now I believe it was New Zealand dollar that we were looking at today take a look at this 8 o'clock today New Zealand dollar exhaustion created we're supposed to go along okay now I get my paper out and I put New Zealand dollar US dollar exhaustion okay I don't know if anything else has an exhaustion or not I I can care less all I know right now New Zealand dollar US dollar exhaustion so what do I do let me take a look at the other pairs is there any other exhaustion anywhere else for today and when I say exhaustion I'm talking about clear exhaustion something that you can see from a mile away and be like yes we're good in this mess here nothing at 8 o'clock here okay so just New Zealand US dollar we see an exhaustion right so what we do is we first go into currency correlation put out New Zealand dollar okay we write down all the red dark reds and all the dark blues dark red means goes together so what goes together Aussie dollar goes together and we only have Aussie dollar and we have US dollar CAD that goes against US dollar CAD goes opposite so this exhaustion says long so this should be long and this should be short now let's take a look Aussie dollar at 9 o'clock 8 o'clock sorry which is this one here okay it's giving us a similar exhaustion lookalike it's not clear but has a lookalike it's bouncing off of a pivot also and it's saying long okay so we can put here okay okay this is also an okay US dollar CAD is saying short let's take a look at US dollar CAD alright here we go 8 o'clock now this pattern here is what we call a trend continuation pattern this if you actually take your arrow and you put it onto the body you can see which direction this wants to go okay the tail is on the bottom instead of on top so this is contradicting now exactly what you asked so this is a no go okay so that means if this particular trade does work out there is not much strength in this trade okay and this is the reason why you can see New Zealand dollar it went up but only slightly same thing with Aussie dollar went up but only slightly and then the market went in the original trends direction okay so that I hope that makes sense so if you have a contradiction try to avoid it if not get out at your first pivot line and avoid the one that has a contradiction but entering trades with contradictions and the correlations that do not say there's a contradiction avoid it avoid it okay Roy is asking I remember when training with you a while back you mentioned that since you did an hour of analysis that you shouldn't stay in a trade too long short analysis short trade yes now and this is this is how it works now if when you do an analysis if you're looking at three candles to do an analysis for example right here this exhaustion formed how do you know this is an exhaustion okay for you to see clearly that this is an exhaustion you have to look at the past two candles that's the only way you'll find out that this is an exhaustion okay you have to look slightly to the past to find out if the current candle is an exhaustion or not so you're involving the last two candles to see does the exhaustion come out in a trend so that means you're looking at total of three candles which means three hours worth of data so when you're looking at three hours worth of data your projected analysis is only for three hours worth maximum four hours anything past that is a gamble okay so that is the reason why you should not hold on to a trade for too long or too long okay Anton hey Anton good morning glad you've made it Floyd guessing you wouldn't have taken a candle as entry where the tail is equal on both sides of it yes Floyd no if the tail is equal on both sides that's similar to a doji if the body is equal otherwise this is exactly what you're talking about let me show you yeah where they go here it is this pattern right here this is what we call indecision in the market so you want to avoid that that is that's not something we can work with okay Rom how do you put the arrow to show where it wants to go okay all you do is you just take the arrow and you put it on to the body so it just looks like a rocket you can see which direction it wants to go yeah it's just a little trick but you actually don't need it whichever wherever the direction the body is just consider that as we're it's heavy and it's pulling the market down if this is on top then yes it's pulling the market up okay good morning Eddie Muhammad today five our terminal time all the correlated pairs have an exhaustion candle but did not work I believe that was a New Zealand dollar that we just looked at Muhammad let me know if that's not the one Roy do you have some defining characters of what an exhaustion candles should be let's let's let's write them down there are several things for an exhaustion candle okay and yes Roy if you can get this programmed for everybody that would be amazing the tail should stick out nothing touches it okay second thing for an exhaustion candle is should form during a trend third bounce off pivot is necessary and last but not least if the exhaustion is bigger than the previous candle it's ideal okay for example that pound dollar that we looked at on on on the first or even this exhaustion right here as an example you can see that this exhaustion formed in a downtrend and an immediate down if you just even look at the last three four candles you can see the market was in a downtrend this exhaustion was why is it moving this exhaustion formed nice long tail body over here it's bigger than the previous candle this is a strong exhaustion but it's not bouncing off of a pivot but if you want just an exhaustion this is what it needs to look like this is a textbook example okay alright Jay is it advice is it advisable to use any other confirmation you can you guys can use divergence I have tons and tons of tons of information on the social network about diversions I love divergence just as much as I do pivot points indicators I hate but because of the divergence indicators give that's it's beautiful okay Muhammad that's not the one okay Muhammad so let's take a look at that one at five o'clock you said let's see here let me open up your USD 5 o'clock I'm not sure what server you're on are you talking about any one of these candles okay Roy's perfect Floyd is the signal strong is the signal stronger if there are multiple exhaustion candles side-by-side yes yes yes take a look at US dollar CAD today now there's it's not exhaustion candles but you see these tails starting to form around your pivot lines this is something a member of ours caught today Dwight Thompson and once these formation starts forming around these pivot lines you can see that there's pressure to go short you know even though the market is going in an upward movement this whole area there's two pivot lines plus these tails creating it's telling you that there is pressure to push the market back down and which it did now how far it pushes it back down depends on a bird's eye view when you look at everything but you immediately you know that time for a halt okay so I hope that helps Floyd Ram have to leave in a few minutes to train okay take care can the exhaustion be in between the pivots yes it can as long as the correlating pairs are around the pivot line that's fine look fella how do you know that the US dollar is gaining or losing strength every day okay now when you look at all the pairs okay now I usually do the forecasting by you know drawing trend lines and doing some fib numbers once the forecasts are done for example if this is my forecasted area okay where I'm saying the market's gonna come up and touch and then go short usually all my pairs will say something similar something like this means market goes up into this and then it will come come down from this area okay this means overall the market wants to go down which means the US dollar will gain strength because in a pair like Euro USD okay whatever you see on the left that's called a base pair okay and what you see on the right it's called the counter okay so if the Euro USD goes down that means the US dollar strength so luftala if every day if my forecast says short short short short short short that actually means US dollar is gonna be strong and if all my pairs start saying go it's that the market's gonna go long then I'm saying the US dollar is gonna be weak so that's how that's put together Mohammed you're saying yes that is the one okay so let's take a look at that one now that why I believe that was Euro USD we were looking at okay so it's this one right here okay so let's take a look here what do we have okay couple things we're bouncing off of a pivot okay bouncing off of two pivots strong support okay let's pull up our chart here Euro USD exhaustion what else what time was this this was at my mic proper this was at 5 5 o'clock on my chart take a look at pound for today 5 o'clock right here also an exhaustion okay bouncing off of a pivot from my day before yesterday okay exhaustion take a look at other pairs US dollar CAD at 5 o'clock okay not an exhaustion but the train has already left which is good now what do we have here we have it's bouncing off of one pivot it's above the second one and it's above the third one strong strong strong support right here okay so now now that we know okay before we get into any other pairs we have two pairs that have exhaustion so US dollar Euro USD and pound dollar US dollar CAD has already left it's leading but it has strong support now this is only gonna make a difference if these two pairs correlate with this so let's take a look at Euro USD do we have correlation with US dollar CAD yes it's dark blue pound dollar US dollar CAD dark blue so both of these are correlated with US dollar CAD all in all it means no trade does that make sense because it's already at its pivot line and it's not just one pivot line that's that's stopping it's two so that's a lot of strength right there okay and the other pair was Aussie dollar you know that goes down with it so we can take a look at Aussie dollar at also at 5 o'clock which is right here bounced off of two pivot lines and this was also a good for a long and this also had left the building okay and if we look at Aussie dollar because Aussie dollar was also an exhaustion so we look at Aussie dollar same thing US dollar CAD it's correlating with that so everything correlates with this all the exhaustion that formed at 5 o'clock okay so I hope that makes sense why there was no trade on that one and why you have to avoid it okay Scott should we be using FX Pro as our server I use FXCM and they seem to suck you Scott I am recording this webinar you're gonna get me in trouble man you can use FX Pro as your server I use them all the time because the server is fast and their demos do not lag I never have any problems with their demos and it's unlimited they never stop me at after 30 days they just keep letting me roll so and I've just been using it for the longest time so I'm just used to it let's follow we know that oil is traded on a monthly contract and current contract will end in five days is there a way to make profits on that day knowing that the positions will be closed before midnight actually left a lot I have to probably look into that it does sound interesting to research and look into maybe in the next recap I'll have some information for you about that sounds fun rum is the dollar index or your index helpful at all at maybe I do not look at them at all myself so it might be I'm not sure left a lot sorry I came in late can you explain the exhaustion candle concept look though don't worry this webinar is recorded so I'll let you can replay it I'll have it up probably in a couple days don't worry can you send me an article to read the concept by e by email maybe okay okay no problem I have your email I'll send it to you by email are there market reversals in the 2010 to 25th range which you observe occurring with some time regularity for example London close mark I don't think I understood your question can you rephrase it and ask me again rum we have a holiday on Monday any chance we can have a webinar okay okay why don't I might hold a different webinar for a different strategy on Monday not just the same one because we're just doing recaps today for this one and if we do a recap on Monday there's not much data to recap on we need at least a week's gap for this particular strategy Eddie do you know which pair correlates with Euro New Zealand dollar you might have to look at both Euro USD and New Zealand dollar US dollar and I believe Euro NZD is a crazy pair if I'm not mistaken with 15 pips of spread wow let me take a look here Euro NZD yeah this is a beast it moves quite a bit as well just like our majors 180 pips at a time no yeah I do not know which pairs would correlate with this other than Euro you see but looking at the gaps in between each candle looks like this pair might be a little bit dangerous on some brokers but you can you get you're getting quite a bit of exhaustion on here you can use the exhaustion concept with the pivot lines on this just need to be a little bit cautious rum excellent look at a Monday seems good to me too okay same time I will announce it on the network what time it will be yes it is rum looking forward to learning new method on Monday yeah sounds good rum it's gonna be one of the methods that's on the website so okay Jay Naveen what are the ideal pairs to trade on this strategy okay here's the seven pairs that I trade okay you can write this down Euro USD town USD Euro yen Aussie USD New Zealand USD okay and then there are pairs that are opposite which is US dollar Swiss franc and US dollar CAD okay these are usually in the same direction and these are all total of seven pairs these are my favorite pairs and they work quite well with each other and they include the majors as well so okay take care rum have a great day okay so let's continue I hope you guys have got this down in fact I'll write this down for you Jay let's go back to our recaps let me close the serial NCD Naveen is it also good to look at risk charts to determine if the market sentiment is appetite or risk aversion you can carry it's gonna be like this you can get as detailed as you want with forex trading but the only problem is the more you look into it the more it's gonna consume your time and actually the tougher it's gonna become to turn a profit you need to look at it as if almost in a factor that it shouldn't matter to you as much because you entered the trade you put in your stops you know what it's gonna do and then you walk away so using this method yes there are gonna be some losses but yet you if you're looking to even refine those losses it's gonna be tough because the moment you have a single or one or two losses it's gonna affect you psychologically because you're gonna look to refine that also and then when refining that you might end up ruining something else so it's it's best to keep it simple as possible Floyd do you have favorites these seven pairs are my favorites and if you're talking about a strategy this strategy is one of my favorite look though do you have an answer for the increase in the equities despite a decrease in US dollar or euro no I do not have an answer for that I'm not much in equities all currency do you have a favorite pair and why volume liquid yes my favorite pair is actually euro USD and pound dollar along with Euro yen these three are my favorite pairs because of yes liquidity and the amount of trading that's done also the spreads are low they're very competitive spreads and because there's a lot of liquidity a lot of low spreads and a lot of volume a lot of people on it a broker is messing with your trades on these particular pairs it's gonna be quite less and I am not that big enough myself to actually go directly onto the market and trade I still have to go through a broker myself okay can can you hear me now mark is that better look for law is is there a possibility to send the forecast an hour before the usual time yes I can it just I usually send out the forecast in a single time in a day because no matter where I'm traveling in the world that time is the most ideal time otherwise if I send the forecast earlier from let's say from China and then I go to the US and then I can't make it at that time it's gonna be difficult for me and then questions starts are rising why the forecast late and whatnot so I choose a central time where I can make it from all around the world Eddie Kane do you have any strategies using the HMUco system on no I do not actually I do have some friends here in China that use it I will ask them if they can share some of their strategies with us and you know see what they do so I'll see if I can have them come on to the social network and start plotting their strategies maybe you guys can use them mark okay I think you can hear me fine now for the yen pairs Jay you're asking about forecast a luftala is actually a member of my different website called forex watchers.com where I do a lot of forecasting for the day you know I predict where the market's gonna go in the next 10 hours Eddie Kane okay Floyd is there the same pivot point indicator for empty five I do not know actually maybe Roy can help with that question I'm not sure how different empty five indicators are or if it can even just use empty four indicators into it so I'm sorry Floyd I can't answer that I'm not technically adverse with stuff like that okay luftala says I still did not take any positions today I wasn't available before is there anything clear for you now no nothing now I was short on all the pairs I just mentioned before the webinar started to exit the pairs so I'm your USC gave a good profit pound dollar gave a decent gain your yen gave a really good gain so I'm left alone just stand by till tomorrow though I'll open up the room again tomorrow and continue from there okay so let's continue with some more examples and recaps okay let's see here let's go back to February 1st we did one of the examples okay February 1st okay let's take a look at this particular exhaustion here okay this was on February 3rd we have an exhaustion that goes long look at February 3rd this one says going along okay this was at 1600 hours on my chart let's take a look at 1600 hours 1600 hours okay a large tail but the train has not left okay here we go let's take a look at this exhaustion long and left okay bureau USD exhaustion lagging okay lagging means it's still behind it's still red it hasn't got a chance to go up yet bounced off the pivot nothing on its way clear skies actually there's one resistance right there okay so the closest resistance is right there now let's take a look at US dollar CAD 1600 on third Feb 1600 yes okay so on US dollar CAD the markets are dropping short okay markets are a heavily heavily short right now and no formation whatsoever let's take a look at US dollar strength see where we stand there so far as everyone understanding what I'm doing and why 1600 is right here exhaustion lookalike okay and it's lagging okay when I say exhaustion lookalike means it has a large tail but it's not a complete exhaustion okay now when you have situations like this where the market is just one inch or one centimeter away from your price but nothing else after that you can slide by that because just from broker to broker this will be either above or below it ranges so you can slip one or two pips in this area in terms of the and the price like this is 92056 you can think of it as 9207 or 9203 okay Aussie dollar here before we even continue let's just pull this up we have enough exhaustion we have enough data now pound dollar okay they're saying Aussie dollar US dollar Swiss Frank US dollar CAD so Aussie dollar needs to get on the chart okay this is important too let's take a look at Aussie dollar third Feb 1600 okay and decision okay there's a tail on top and tail on bottom that looks practically alike and it's bouncing off of a pivot it's in between two pivot lines in decision okay so what can you tell so far from just by looking at this let me see who's in the room here just let's say John have you John Barry have you gone through my videos before okay yes John just by looking at the information I've typed I'm not gonna even let you see my screen just by looking at what I've typed on this on this piece of paper what do you think is from all these pairs what is the best pair to take okay and the rest of you guys also please do join in on the conversation what do you guys think is the best pair to trade to take and why and I will pick KGVP UST lift losses pound dollar John says pound dollar Dwight says Euro USD marks pound dollar okay the first and the third Sonia says pound dollar and US dollar CAD okay Scott says Euro USD and Suisse okay okay okay okay from all of this Floyd says Euro USD Perry says pound lift losses because it is exhausted so the trend is clear I lift the lowest and pound okay now here here is where the analysis comes in you guys have looked at the charts based on what I saw based on what you saw okay here is that extra mile difference when you write stuff like this down and then you just take a look at this forget your charts throw it away look at this piece of paper what you wrote down this is really what makes the difference who's whoever said Euro USD and also who's ever said US dollars is Frank wins this is the situation the reason why let's explain to you pound dollar okay it has an exhaustion it's already green right now the correlating pair for pound dollar is also Euro USD now it's an exhaustion also but it's still red it hasn't left yet okay so this means you are guaranteed no matter what happens this is going to touch your next pivot line okay so you go along on this one for sure US dollar Swiss Frank okay you have a short for US dollar Swiss Frank and also it's lagging you can see it's still green it hasn't gone down any any any bit yet so when you take a short at the opening of the next candle let's clear all this you take a short right here at the opening of the next candle also nothing stopping this one on the way let me move this until here boom guaranteed profit there and Euro USD guaranteed profit there Euro USD hit within one hour US dollars Swiss Frank took exactly three hours okay maybe less so now the reason why is because these lagging pairs because they're correlating they have to catch up very very rare in the market you will see that pound has left and euros correlating with pound and Euro hasn't left yet you know that's just telling you that there's money on the table take it okay so this lag what people used to do in the past they used to use one broker versus another broker and they should take advantage of this lag you don't have to you can actually see the lag in front of your eyes on the same screen just the differences that you need to look at the correlating pairs and you have that data already done for you on this chart doesn't make sense to everybody why how this stuff works let me move this up out here okay so was it clear that we need to focus on our lagging pairs because that is pretty much guaranteed profit now because all the other pairs are still in the same direction you're good you can still take all of the pairs and not just take these few pairs you can take all the pairs and make a profit out of it yeah lift a lot don't worry the webinar is recorded so you can always go over it as many times as you want I will post it up soon okay John yes okay okay so that's clear now we have time for one more example and this time I am going to select several of you from their room to do some of this okay I'm gonna pick out an exhaustion and I want you guys to open up your screens and see which pairs correlate let me see here and what should we done I want this little note made okay all right find and exhaustion that's a little bit tricky all right pound dollar this exhaustion right here that's bounced off of the pivot closed above all of our pivot lines that one on February 7th okay these are the support this thing closed right above the support of all of them nice little exhaustion look alike okay so all right analysis everyone analysis let's get your papers out let's see what what can be done on this particular one what would you do and why and not just why just write down this information why will automatically be answered Scott when where do you pull them off at are you talking about the exits when do we exit the trades is that what you're asking Jay so in short best trade to look to trade the lagging correlating pairs is that correct yes Jay the lagging correlating pairs is pretty much the one that's gonna actually give you easy smooth profit but you can take all the other pairs also but the lagging correlating pairs are the best pairs in terms of if you have a list like that and if somebody asked you what is the best pair to take right now and you know you want to be a hot shot be like I can tell you take this pair I got this okay okay Scott in terms of exit you want to exit at your next available pivot line okay if you have two or three pairs that are already reached a pivot line exit everything even though some of your pairs have not touched the pivot lines so that's very important so whatever pairs are correlating for example if I'm using pound what do we know from pound which pairs correlate euro USD US dollar CAD US dollar Swiss franc and Aussie dollar these are the pairs that we know that correlate with pound when I want to exit pound whatever pivot line touches any one of these I exit all I exit all and it should be a decent game okay if anything is lagging you you are welcome to hold it out till the next pivot line you should be fine yeah I'll see if I can get some more examples on the network regarding the legs okay so let's take a look here now pound dollar okay we have a look alike let's see are there any okay nobody has done this so far maybe there you guys are still working on it but I'm gonna sake of time I'm gonna do this one real quick here 7th February on my chart it's at 1500 hours euro USD 7th February 1500 hours market has left way way past three hours it's left that's that's the one right there no formation February 7th on my chart Sonya it says 1500 let me show you the candle how it looks on pound dollar it's that particular candle this one right here the one my arrow is on Roy got a run you're the man okay take care DeRoy I will see you on the forum thanks for your help on the forums and the community we'll see around soon take care man okay so now euro USD that's pairs already left now the other correlating pair is US dollar Swiss Frank and US dollar CAD 7th February 1700 hours okay heavily heavily short okay and it is gone past it stopped right at our pivot line oh take care Jay I'll see you around okay now before I even continue just looking at US dollar CAD markets have dropped it's at a support level should I even continue looking at the rest is there a potential trade whatsoever so far no exhaustions euro USD has already left three hours earlier US dollar CAD has stopped at a pivot line no formations on US dollar CAD also no okay great I take care Mark have a great day ahead Perry you're right no trade so you leave this batch alone you're welcome yes I will have this webinar uploaded in a day or two so you guys can catch it on that Dwight good yes no okay so you need to be very very careful when you're looking at all this there is an exhaustion you check the correlating pairs once you check the correlating pairs you know what to look for you write down what you write down exactly what you see and then you just take a look at your paper and you forget your charts and from the paper you understand what do I need to do and things will start to unfold you do one exhaustion two exhaustions three exhaustions by the time you reach your fifth exhaustion you watch how the market unfolds you're gonna be ready for this okay yes John avoid more than likely Dwight I would just wait till the next trade come along good brilliant I cannot see any chat text brilliant these chat text only come to me if well whenever somebody writes that's only if I respond it comes to everybody okay the ACM platform does not look like an exhaustion okay more like a decision okay so Sonia I think you can probably open up if you want another in fact even my chart it doesn't have an exhaustion but are you on empty for Sonia on ACM or are you using the proprietary platform okay so all in all just just recall that for the next week before we hit the next webinar of this review again since time is up right now you guys need to practice just pulling out a little notepad on your computer on your paper on your desk and writing the stuff down based on the correlated pairs again maybe you can get the correlation chart from Oanda just type in Oanda currency correlation on Google you will find it and also make sure you are a member at urban4x.ning.com to stay on top of the time when the next webinar will be so you guys can join in on this so yes that's it for today Sonia as far as your platform concerns you could probably also download FXPros platform or any other platforms such as FXCM they all have MetaTraders for free I believe 10,000 hours of practice there's a lot of practice that's needed for this but it's just this from the for this whole week until we come back to the next webinar again I'm gonna ask a little bit more questions I'm gonna be more interactive on the next week's webinar so hopefully this is gonna be a good learning curve for many of you guys yes John this will be on YouTube it will as soon as it's launched on YouTube it will also be on Ning please obviously do not forget to rate the video if you like it if you don't like it you know you're welcome to put comments below as well Scott gonna be shelling out for the trade room I think it's worth it yeah you're welcome to join the trade room as well for those of you who can afford it you're welcome to join those of you who cannot afford it obviously stay on Urban Forex everything is free on this end and we'll do whatever we can to help here at Urban Forex so thanks for attending it was nice meeting all of you guys thanks for seeing a lot of new faces tonight and Dwight Naveen if you could choose only one strategy to take from which one would it be it would be this one the one that I'm teaching you guys and in fact if any of you guys come up with a cool catchy name for this strategy I will publish it I will give it a new name right now it's just called pro trading strategy we will give it a new name if anybody comes up with anything you're welcome Laudermere I hope I'm saying it right Dwight cool thanks again Naveen you're welcome Perry art vision okay so I will see you all on next week's webinar there might be one more on Monday it will be the Urban Tower scalping strategies and that I'll be sharing we have a lot of information on that so we will meet for that yes Eddie the three tower strategy I will go over that too Sonya actually art vision okay okay that sounds like a cool name great sharing thank you Naveen John Berry have a nice evening you're welcome John welcome sham take care Anton cheers so I am out for now I am out of coffee also it is time for me to leave so I will see you all on Monday and also next week thanks for attending take care bye bye