 testing mic can everyone hear me hey great great all right how are you guys is my screen visible as well okay good good good all right so today is August 22nd and we are going over the pro trading strategy the basics the absolute basics of getting to know the pro trading strategy we're talking about exhaustion candles pivot points and false exhaustion candles okay I'm gonna go over these three concepts today okay so let me by the way I'm recording this on my own so there will be this recording will be available on YouTube and there's gonna be no more lags and stuff right so take a look perfect timing I'm exhausted too okay shrink screen here so I can see your texts if you type okay we have a pretty decent attendance we have like 57 people and counting as of right now and let's take a look for those of you who are how many of you guys are actually from my conference room who are already here are all of you guys here or just some of you I saw pipsurf earlier Chris hey how are you Nathan Tommy James okay my mom okay so all of you guys are here pretty much okay so yeah this the level really hold it actually that level that we had wanted an exit for Perry welcome back welcome back okay so let's get started here now let me remove all the stuff out of my screen and I'm potting I'm plotting pivot points for those of you who do not know where to get these pivot points go to urban4x.com let me show you here when you go to urban4x.com you click on Forex strategies okay whenever that loads just a second you go down to pro trading strategy you click on that and with all the videos and recaps and everything you'll the if you need a help how to install the indicator there's a video tutorial here as well and then below all of that is your zip file for your pivot to install it okay so now so you can get it there now first things first now let me delete this okay we trade on the one-hour time frames and we trade pretty much seven different pairs okay the pairs are Euro USD pound dollar US dollar CAD US dollar Swiss Frank Aussie dollar New Zealand dollar Euro yen and we have gold as a reference we don't trade gold but gold is there as a reference okay alright now on most of our pairs what we actually look for are things called exhaustion candles okay what is an exhaustion candle let me point one out to you and then we'll discuss it there we go this right here is what we call an exhaustion candle has a small body on one side of the candle and a very large tail a tail that sticks out you can notice it from a distance take and take a look at the previous candles are not so big compared to this candle okay an exhaustion candle should have a couple things that that make a difference one it should be coming from a trend okay in this case it's an a downtrend to it the body the open the open and the close it should be within the entire previous candle okay the high and the low of the last candle not within the body of the last one but within the high and the low okay and three the tail must stick out okay the tail should be big enough it should stick out there should be some open space on the left of it okay and also for not doesn't it's not so strong but your previous candle should not be bigger than your exhaustion candle if that's the case then the strength is way too strong and the exhaustion candle just might not work okay now let's take a look at some more examples and then I'm gonna ask you guys I'm gonna do some quiz exosciences and you guys can tell me yes or no if it's an exhaustion or not okay another exhaustion here okay comes down from a trend the body is within the previous cut previous candle the tail nicely sticks out it's a very large can very large tail you can see it and it's bigger than the previous candle as well okay these exhaustion candles basically what they do is they indicate a reversal in the market whatever trend you're in and the moment an exhaustion comes up the market changes direction okay it wastes no time whatsoever to change directions and it changes almost very quickly okay now let's move let's move back further okay take a look at this one okay is this an exhaustion based on what I've just told you guys is this an exhaustion no why okay good good previous candle too big okay um Zeke it is actually within the previous candle you can see the open and the close it should be within this this piece within the entire previous candle see it's it is inside there yeah entire not body okay so let's move on is this an exhaustion candle okay let me make this a little bit easier okay so moving on forward okay now what about this one so why do you guys say no for this one big tail a big body to tail ratio okay very good very good James yeah now take a look at that tail the tail is not that big and the body is huge even though it worked out it doesn't mean anything okay stick to the strictness of an exhaustion candle the reason why you need to be so strict with exhaustion candles because any an exhaustion candle actually goes against the trend and you need to be very careful when you go against the trend always remember that because the saying goes the trend is your friend and when you get an exhaustion you're going against the trend you're turning around suddenly so you have to be very certain the trend is going to turn around okay is this an exhaustion okay we have mixed results here body too small but yes okay Tommy says I'm confused normally it's considered as a doji a doji basically what a doji is is when you let me let me see if I can find you a doji doji something similar to this where you have the open and closed pretty much at the same place with the tail on top and tail on bottom in this particular scenario you have a tail on one side a zekke yes doji is more like a cross or a plus sign if you want to call it okay all right now let's move further back exhaustion yes or no okay and why so why is this not an exhaustion I see some of you guys are saying yes yes yes some of you guys are saying no there's a 50% poll almost half of you guys are still saying yes half of you guys are saying no okay what what are the rules what are the rules remember this remember these four rules it must come from a trend rule number one okay is this coming from a trend no this is an uptrend and then your exhaustion is also telling you it wants to go up okay when you have an exhaustion candle basically you have to put your arrow on the body and it tells you which direction it wants to go okay so it's it's not really an exhaustion now next thing it's so first of all it's not in a trend two is the tail visible yes the tail is visible three sorry the third thing is the candle bigger than the previous candle yes and finally the fourth step is did the did the body close within the previous candle no in this particular case it didn't it didn't close within the previous candle second thing take a look at how how big the body is and look at the tail on the other side look how big that is okay even though we have a big tail on the bottom but there's a big tail on top as well that means indecision when you have decent sized tails on both sides it means indecision okay so that would be a no for the exhaustion is this an exhaustion okay obviously not from the result don't don't look at the results you'll be surprised how much money that can be made in just that little movement right there we'll get into that detail later right now we're just focusing on proper exhaustion half of you guys say yes half of you guys say no okay this is an exhaustion what are the rules is it coming in from a trend yeah if you take a look it's in a downtrend it's in an immediate downtrend there's a high a lower high a lower high and then another lower high it's in a downtrend second of all does the tail stick out yes it's quite a large tail compared to the previous candle okay now next thing is the body within the previous candle also yes so all these factors are true making this a proper exhaustion okay all right how about this one is this an exhaustion okay you guys are getting more and more clear with this okay what about the one right next to it is that an exhaustion okay we're getting mixed results now it with the numbers are just going up and down is this particular one an exhaustion the one we are looking at right now this one okay now remember the body is too big okay first of all consider look at the size of the body versus the size of the tail so right there it's a no second thing did the body close within the previous candle no okay do not focus on what you see after that okay because you really don't see the future when you're actually trading but you're seeing it now that's why you're deciding yes or no but try not to look at the future anything past this candle just look at this candle itself and you tell me what it is okay so in this particular case no also not an exhaustion just a second please hello hey I am doing a seminar can I call you back in like 20 minutes all right cool all right sorry about that okay now let's go back exhaustion no no no how about this one exhaustion stick to the rule stop looking at the candle next to it and seeing that it fell so it's an exhaustion you cannot see this in the future what are the rules everything in this blue area you did not see you cannot look into the future when this candle shows up do you know if it's an exhaustion or not okay body is not inside the previous candle there you go it's an invalid exhaustion leave it alone okay moving further exhaustion yes or no this one anything in the blue you've never seen okay we're crossing over to the yes okay good good good yes this is an exhaustion because even though all these candles are quite big the candle right before the exhaustion is the one that we what matters not anything else the rest we can just look at for a trend okay now okay so we got our exhaustions down okay everybody is getting familiar with exhaustion one last one exhaustion yes or no okay good good good good okay yeah this is a pretty much a perfect exhaustion looks very beautiful all right now we have our exhaustions down now one more pattern we want to recognize is an upside down exhaustion okay what is an upside down exhaustion let's take a look okay when it comes to an upside down exhaustion it doesn't have to be in those four criterias okay this right here is an upside down exhaustion it's not telling you the trend is going to reverse the an upside down exhaustion actually tells you it's a trend continuation remember if you put the arrow on the body tells you which way the market wants to go okay now you move on for actually right here okay this right here trend continuation pattern the tail must be slightly bigger okay the tail to body ratio is too bad so this is a bad trend continuation pattern okay check out this one the tail to body ratio almost identical okay Hassan does that make sense this is the reason why slightly bigger than the body or almost just like the body okay so basically whenever you have doubt of the exhaustion candle don't trade it a rule of thumb if you have doubt don't touch it okay even if you are uncertain for by half a percent don't touch it leave it alone wait for the next one okay what about this one trend continuation yes or no tricky tricky yeah we're getting mixed results again okay we're gonna do this for another three or four more minutes to go for upside down exhaustion we're gonna cover false exhaustion and they want to go head on into pivot points and then put them all together okay all right this is a trend continuation pattern yes that is a yes okay markets going upwards it tried to go down but it closed back up near its open giving you this indication that it wants to go long okay and all the criteria is magic it comes from a trend but it's going in the same direction of the trend trend continuation pattern tail is bigger than the body as well it's quite clear you're good to go for a long okay market continues all right now pop quiz exhaustion yes or no this one okay what is the main reason this is not an exhaustion there you go Phil Phil's got it smaller than the previous candle look at the size of this last sucker here it's humongous this little thing has no chance okay it cannot stand against it it has no chance okay all right so all that said and done now let's get into the good stuff how do we make money from this that's that's what it all comes down to right how do you make money from all this okay stick a look now whenever you trade okay rule of navines thumb remember that whenever you trade plot your pivots and when you plot your pivots make sure you have this pivot indicator which I told you where to get on our urban forex the reason why I say this particular indicator I didn't design or anything some somebody designed it but what this indicator does is every day it plots the pivot points for you and it leaves them automatically there it doesn't adjust or anything it just leaves them there for you to see now why is this beneficial whenever you're trading and you're looking at your pivot points always make sure you have three days worth of data how many days three days okay now let me remove this here all right this being current day this being the previous day and this being the day before okay everything works in harmony okay now let me show you an example of why we use three days now let's let's move back to for example let's say this is the current day okay let's scroll back a little bit so you guys can see it clearly okay I mean we do that this is current day this is yesterday and this is the business day before okay now market goes up down up down up comes down and boom it never makes it to S1 why why does it halt here okay when you use your three days worth of pivots use the one that's closest to the current market so from three days ago this line is coming in and you can see pin points it grabs the market yesterday same thing it never made it to S1 but it turned around from here okay this happens all the time okay always look at three days worth of pivots okay you can practice this you can go through any of your charts on your spare time I just wanted to show you this rule of thumb okay now putting this knowledge together with your exhaustion okay you want to look for an exhaustion that forms around these pivot lines telling you it wants to go in your favor okay so let's let's look at those same exhaustion that you guys said yes and no to me for let's look for them where were they okay did we agree that this was an exhaustion yes yes okay okay so everyone agreed that this was an exhaustion how do you use these three days pivots to your favor the exhaustion candle forms the next candle opens up it's first of all it's bouncing off of how many supports it's bouncing off of today's S2 it's bouncing off of yesterday's S1 it's bouncing also off of three days ago over here you can see the body is closed right above it okay so next candle opens up you're gonna buy what is the nearest pivot line on the way all the way up here right nothing else comes first all the way up here this right here is what we call the guaranteed zone of profit hook or crook this you get this money all the time it will always touch this level when you buy okay let me guys show you guys another example let's go back to the other exhaustion's you guys agreed on exhaustion here agreed okay Bartek Naveen what if an exhaustion candle bouncing off of a pivot or two and stopping just before another pivot do we enter Bartek no and that scenario you do not enter okay so we agreed that this was an exhaustion so what happens now okay you do the same thing first of all this exhaustion is bouncing off of S1 and S2 excellent it's telling us it's bouncing off the support it's getting ready to turn around okay what is the nearest nearest resistance in the last three days the closest thing is nothing for today but yesterday this is the absolute nearest thing from here you're opening up the next candle all the way up to this yellow line your 27 pips of profit is your guaranteed profit zone you will get that profit okay is everyone with me so far everyone understands this concept of the guaranteed profit zone okay Bartek says what if the first pivot is just few pips away from an entry point on few charts do we wait until the next one if the pairs have more space yes if it's only a few pips away don't don't trade it okay it's not worth it you're giving your broker just just spreads okay okay Phil it's the only way that I use the word guaranteed because it's the only way to have people actually try it okay I really it for me it really doesn't matter how many people actually tell me in the webinar nice webinar this and that I really enjoy it more when actually people try it come back and say that was awesome okay so try it for yourselves try it out and then and let me know okay Phil to says if profit from close of exhaustion candle or touch of support okay I don't think I understood that question but okay now let's let's move on let's move on there's we're short on time here but let's let's move I'll get to the questions towards the end yeah I'll save maybe 10 15 minutes for you guys and I'll give you as many questions as you'd like okay now let me guys teach you guys another thing something called correlation how many of you guys know what correlation is and actually how many guys do not know what is correlation excuse me okay yes yes yes anyone new who does not know what is correlation thank you thank you thank you Richard yes there are many other pairs that correlate also from our pairs that we can go into much more correlation than our seven pairs and actually really bag in a lot of pips but if you have the seven pairs wrong you can also add in a lot of negative pips so first thing first is get used to seven pairs get comfortable with the amount of numbers fluctuating in front of your eyes and then work towards working with bigger pairs because then you're playing with bigger numbers like 500 pips at a time can you handle a movement of 500 pips negative okay right now you probably play with 100 200 but when you go with up to 500 that it can scare somebody okay so how do you check correlation what is correlation let me explain to you guys okay let me explain it the easy way there's a website from Oanda I go to Google I type Oanda currency correlation I click on the first link which says currency correlation from Oanda okay I click on heat map and I can select any currency I want for example if I want to see euro USD which pairs correlate with euro USD okay anything that is dark red not just from one time for the majority of the column if it's dark red it means it correlates with the euro dollar it means if it's red it goes in the same direction if it's blue it goes in the opposite direction so euro USD euro yen together but Swiss Frank opposite let's take a look let's actually put this in play that's current day okay if you take a look at yesterday euro USD skyrocket rising okay euro yen yesterday skyrocket rising okay and then we look at Swiss Frank at yesterday same thing but in the opposite direction okay so this is what we this is what we call correlation you need to understand the concept of correlation okay and this will tell you what pairs correlate and whatnot okay and I use seven pairs and I told you guys in the beginning you guys can watch it on the video again later which pairs it is now what do we need to do now this is the first trade that we saw right we saw an exhaustion we saw it bouncing off of a support or resistance and the markets now continuing and you know that from here to here you have guaranteed profit of 14 pips how many of you guys are happy with 14 pips okay Dominic says better than none okay that that is a good way to look at it if you guys are happy with 14 pips even if it's guaranteed you guys are over leveraging okay it's simple as that the moment a small amount of pips makes you happy that means you are over leveraging means you are using too much leverage and you know too much lot sizes okay so how do we use this analysis and make the most out of this now what day is this this is your um this is I'm sorry 15th August and at 1700 on my screen let's go to pound which correlates okay August 17 or the 17 what what day I forgot 15th at 1700 I think it was yeah on 15th 1700 let's go to the 15th at 1700 okay all right okay an exhaustion look alike not an exhaustion okay but we know it's gonna go along okay the next candle opened up it went this long this is probably the same amount of distance that Euro USD would have given you to hit its target okay if you take a look at Swiss Frank the one that goes opposite on the 15th of August at the same time frame by the way your pivots might vary slightly from mine so if you guys want the exact same ones you can always go to FXpro.com and download their Metatrader and you can use it from there okay take a look do you see an exhaustion here as well same time yeah 1700 same time exhaustion bouncing off of pivots next candle opens boom touches your guaranteed profits much much later but it does touch okay if you add all of these things together because you know correlations which pairs go together and which pairs go opposite you can add in quite a bit of pips just confirm that not just one pair has exhaustion but there are at least two or three pairs that give you exhaustion okay Jordan will you hold that trade for that long I personally will not okay I would probably take my profit around here somewhere in the next two or three hours okay Dominic best time frame for this or anything in fact one hour one hour for private investors one hour is the best time frame it helps psychologically it helps with trading and it helps with keep out the fundamental nonsense okay Bartek should we exit all the transactions if one or two get to the next pivot line yes you enter them all together you exit them all together never treat them separately okay so when you do something like this what it actually does is most pairs will actually go very quickly in your favor and the other pairs will be lagging behind one or two might even be negative but overall you'll be in profit and probably a far more bigger profit and safer than when you were to take one pair by itself okay everyone understand the concept so far of using exhaustion combined with pivot points and knowing your entry exit sorry okay now now we have 15 minutes to go let's take examples from various various different candle types and we get to check them out on different different currency pairs and we get to see from there okay great great a quick question please Naveen is $100 too low to trade with if you're trading microlots it's not it's always good to start somewhere okay this Monday would you enter bot trades I made 152 pips thank you appreciate wait Phil sorry I just sorry question stops okay now in terms of stops we use also the pivot lines here's the reason why now how do we exit do we exit one pair at a time no right this is the reason why we cannot have exits because we don't exit one pair at a time same reason goes for stops we cannot play stops because one pair might touch it while the others do not okay the only way to understand where you're exiting out your trades is once the market actually goes to the other side of your pivot line and closes there if that happens in one or two pairs exit at the entire batch close out everything that's when you know you want to exit into a loss okay it's almost almost almost very very rare that an exhaustion will not will not work as long as all the criterias are meant an exhaustion I would say above 90% of the time work okay Zekia how to do batch order you can go to urban4x.com there is a blog post saying I forgot the name of the blog post I'm sorry it's called batch order script or something you'll find or just come to urban4x.com in the chat room and people will help you find it they're very friendly there okay now let's take a look at trend continuation patterns further back okay it's not going further back okay let's pick a different pair so I can show you clean this up okay tell me this is this a good trade yes or no you're saying can you not show today live actually there was an exhaustion today that we took you can go to 4xwatchers.com forward slash I'm sorry YouTube.com forward slash 4x watchers there's a video of there of us doing it today okay okay no no no good good so that's correct this is not a valid trade even though it looks perfect it's not valid okay moving further back let's take a look I want to find you guys a trend continuation pattern and don't get me wrong you will find them often okay I'll have to find them and get screenshots for you guys for that okay Naveen are you only giving out a pro strategy on 4x watchers for trade signals skip no no no no pro trading strategy is for urban4x at 4x watchers we do a little bit more and more advanced things over there we play with the forecast we do we go more to the advanced techniques of pro trading strategy where we look at candle by candle and all of that stuff so oh by the way those of you who are really really trying to get into the conference room make sure you guys join the waiting list because next week's the promotions begin and the moment the rooms are full it will close I'm telling you I'm only going to be doing these conference rooms for another six months or so so get your access as fast as you can because the discount is like 50% off on the promotions next week so if you and here is the waiting list email I'm sorry address so yeah we're trying to fill up the room and once it's full it's full it's done okay now so let's take a look at some pairs okay now one other thing I wanted to there's one more candle pattern that I wanted to explain to you guys which we call a a false exhaustion okay really use the link that I just gave you guys slightly above okay Walter okay those of you who use the early bird who got the early bird emails basically that's a coupon code that you need to use on a specific time on Monday there's a subscribe button you can go to and it will give you a place where you can enter your coupon before you check out and if you enter that in you'll get like 50% off or 40% off depending on if you don't make it in that one hour for as early bird then you are eligible for like 40% in the sale period okay so the early birds have first come first serve all right now let's move on here now I'm gonna find you guys a pattern which we call a false exhaustion this right here is what we call a false exhaustion okay any ideas why why is this why is this something that we call a false exhaustion Forex boy are you going to stop doing free seminars like these no no not at all the education continues it will never stop I will continue to teach you guys as much as I can in terms of education but sitting and trading with me it's something that it's a something we do at Forex Watchers and apparently can't really do that with Urban Forex but we've got to keep Urban Forex alive right so that's where the money comes from at Forex Watchers okay so here we go body-to-tail ratio doesn't meet criteria closing not within previous candle okay yes when you have a body almost as big as a tail and it doesn't go within the four pieces of criteria this is what we call a false exhaustion that gives you a trend continuation pattern it tells you the mark is actually gonna go long rather than turning around okay Jake there's no problem at all you're very welcome okay Robert it's not for us watchers is not a signal service but we do talk about entries and exit take a look at the video there's a video that I gave out so that I think it's YouTube calm sorry sorry sorry Forex Watchers okay enough promotion talk we need to focus on this and get this get this done for you guys all right now if we take a look at let's take a look let me see if I can find you one more example and then we can quiz you guys on what is a false exhaustion because I know this is a very big concern for a lot of you guys Mark Sanders so is it safe to say that a false exhaustion is really a trend continuation indicator usually yes but when you consider it as a trend continuation do not expect it to go too far okay I'll explain why once we get an example okay this one is not valid the body is too small we need one that has a decent size body a decent size tail that is a trend continuation maybe what do you think may happen to your usd current candle okay let's take a look one second here you're a usd current candle temporarily short and then long let me take a look at the other pairs if you guys want the current analysis one second here all right take a look at this pattern here keep an eye on this one a mini little exhaustion okay next thing support line okay it's closing below it as well so are we clear for a landing maybe take a look at the other pairs US dollar CAD trying to go long so it is correlating with pound okay good US dollar Swiss Frank okay it is also trying to go long and if it does go long and it closes the way it is we have the nearest resistance over here okay Aussie dollar indications for a short very nice also closing below a support area soon New Zealand dollar indication also for a short with support right over here I think that is a pivot line let me there you go okay enough space to go down so why don't we take this all of our education what we've just learned and use it okay take a look at Euro yen okay Euro yen on the other hand it says it's it's in decision here we don't know if it wants to go along or show we can't really see right and then we can use gold just to check gold usually correlates with Euro USD not really clear as well okay so the only pairs that are telling us are Euro dollar pound well pound is not even confirming now so in the next five minutes if town actually closes below this and quite sharply then it is pretty much safe to say to enter all these pairs into a short until your next support and resistance line okay does that make sense so far okay so let's go over questions Ronald hope you're right I hope so too Jordan so we do not need exhaustion candles for the strategy oh yes we do yes we do yes we do what we have here is what we what we call an exhaustion candle look alike okay if this actually forms like a proper exhaustion okay if it properly forms like an exhaustion we know a couple things one this area here is quite strong it's holding in the market for quite some time it also held in the market from yesterday from going long or longer sorry you can see the tail here if we go back in time and take a look at this area like what is this area you will probably see support and acting as resistance in the past if the market has gone that high just a second I'll just confirm no okay looking at your other pairs now all these other pairs if they close clearly with a with a tip with barely a little bit of tail on one side going the direction together with pound you're good to go but as of right now three minutes to candle close they're all acting up right now they're all giving you tails on both sides so in decision so far take a look pound is no longer looking like an exhaustion anymore okay or an exhaustion look alike you might just even get an upside down exhaustion if the time is right if in the next three minutes this closes a little bit sharper lower you might even just get a trend continuation pattern for a short an upside down exhaustion high lower high lower high boom okay so eyes on cad as well all right so that's my reasoning to euro usd is too high for long I hope never never think like that when the market trends it trends non stop there is no nothing stopping it so there's no such thing as it's going too high too low and if it does retrace it will retrace a little bit before it goes back again all right continues to trend again okay Phil too says maybe urban tower trade yes usually at times like this you'll get a lot of trades from urban urban tower strategy okay as per HS and above bar small relative to previous hey I'm holding them short since yesterday oh okay and so it doesn't have to stick out Lutec it does have to stick out this is an this is a look alike and it does not look like it's gonna actually even work because there's only one minute to candle close right now and there's a tail on the bottom that's bigger than the body okay so nothing is confirmed right now in decision on Aussie dollar in decision New Zealand dollar tail on top tail on bottom everything's all equal tail top bottom and the candle all equal sizes euro yen euro yen actually giving an indication for a long trend continuation pattern take a look at that big tail on bottom a body forming towards the top if you put the candle on top of it you have your rocket okay we'll put that right below here bouncing off of support to be to take it even further take a look at that three days worth of support closing above that okay and then finally we take a look at gold see if gold has any indications no indications on gold other than it's slowly inching on its way up okay does the color for exhaustion candles matter no it does not is thousand pounds good enough to trade this strategy with it depends if you're trading micros yes it's it's not a problem at all Jordan so if nothing comes up at the candle close and the signals we were looking for comes out 20 minutes later would you enter no always wait for a candle close okay do you couple Fibo into this pro strategy no no I do not use Fibonacci into the pro trading strategy Taiman yes there is a recording for this and I will release it by tomorrow it should be on YouTube for you guys please do help me please rate it and help me share it if you can I would like to definitely share the strategy as much as I can with everyone okay let's take a look at what the candles did at the close of the hour Euro yen looking long right about now New Zealand dollar also looking long Aussie dollar looking long Swiss Frank in decision CAD looking short there we go we have a direction in the market and it is long okay let's wait for a euro USD to cross above this pound pound is also long everything is indicating long take a look at how pound ended up closing you see it was credit it was trying to create an exhaustion but turned around and it closed way towards the top of the candle markets have strength for long and you will probably see it start going up in the next five minutes okay Hassan says a New Zealand dollar will retrace to pivot then long right because it's false exhaustion okay let's take a look at New Zealand dollar okay usually there's always going to be a retrace to the nearest support resistance in this particular case your retracement should be around this area this area seems to have support resistance strength you can go to the back you can check what is this level of this yellow line that we've drawn okay see here pinpoint supports no body is coming out of this only tails again no body is coming out only tails so this this line has power okay and you can see it's probably just pulling around from this area should get ready to go along okay yes as mentioned in advanced pro trading strategies yes yes i think our previous one of support and resistance um goes more into detail on how to read candles like professionally in terms of tails and all that stuff euro yen has also done its retracement it bounced back down to our yellow line which was now acting as support instead of resistance and that's done it's getting ready to head for its long euro USD slightly inching up over the yellow line which is the trigger zone and pound already trying to lead the market okay the markets are long um Nelson apart from exhaustion candles what else can we look out for in price action for trades uh what causes correlation big hands correlation uh the reason why you have correlation is because the US dollar is making a movement the common thing between all of these pairs that I have is the US dollar okay that's the reason why they all move in a similar fashion okay I am uh making I'm making money thanks a lot Naveen are you long Bartek okay Kevin how do we uh decide which pair to exit and all other follow to exit okay Kevin so let's take a look at this particular particular pair which is the nearest um support and resistance uh support and resistance line for which pair has the one that's closest okay pound is all the way up here okay pip surf says cad okay let's take a look at cad where is cad okay since cad is short okay remember this is a oh there will this is exactly what I was looking for earlier today a trend continuation pattern an upside down trend continuation pattern that's bouncing off of a uh resistance okay so very good for pointing this out for me to do it on live market actually we I couldn't find this example in the past so lucky guys lucky guys okay so where is the closest one for this let's take a look this was one area which it already breached next area was right here there's strength here you can see it's having a hard time crossed through where is pound at now it has pound reached yes pound is pretty much reached also towards the tip indications for exit okay you can see how it's bouncing back now so does it make sense we've actually even taken a trade together with this not not bad not bad okay Hassan says uh so exhaustion candle of trend continuation uh um where'd it go sorry exhaustion kind of trend continuation doesn't have to be bigger than the previous one no it does not okay like the cad uh that's correct that's correct like the cad when you look at correlation uh you will start to understand when you see patterns you look at the rest of the market you're like okay it is bouncing off of support or resistance there is space to move things look good uh Nathan king 35 pips five minutes there you go good good very good all closed you have a you have a pint on me okay we'll do we'll do okay so any questions everyone understand the strategy the basic of the strategy so far how to use it okay good everyone understand the concept of trend continuation pattern like upside down exhaustions um have i have i write about the exhaustion candles uh no there's no articles anywhere um Hassan says naveen could you explain 13th august 10 a.m okay short what pair would you like to see Hassan uh rafael if you guys um actually want to uh create a room where you guys take trade the pro trading strategies together on urban forex i would be more than happy to um chip in for a nice conference room and uh where i can pick some senior members who trade this and have you guys all sit and trade together and keep the room open 24 hours um i'm expecting that to happen with urban forex as the main chat room and the discussion board but uh if you guys really want something like this where it's a proper conference room uh yeah we can do that that's not a problem that might be able to help you guys okay uh tonia salt tony salta i have the discount coupon for forex watchers so do i have to do what do i have to do to join okay um as far as i recall from the promotion um first of all um those of you who are not on the waiting list get on to the waiting list as soon as you can um because you get automatic emails for when when to uh subscribe and stuff um what was the list it was conference dot forex watchers dot com um once you invite three people uh you get uh this early bird promotion thing uh which is a coupon that gives you 50 percent off but that coupon can only be used in a certain time on monday for one hour okay you get 50 off um if you missed the earlier bird special we do have a five-day sale uh which will give you 40 off and um cyan this is on monthly or quarterly it applies to both but only the quarterly subscriptions have access to the conference room um there is no price difference between both uh there quarterly is just three times a monthly one that's all and i just add in a conference room uh with the quarterly subscription okay i am in the eastern time zone what time and travel do you recommend that look for trade on seven pairs uh walter you can trade from uh us i'm sorry um yes three a.m all the way onwards to 12 p.m that is a good time can you guys excuse me one moment please hello okay sorry about that okay so um three a.m all the way down to 12 p.m okay um zekke will the month of subscription be having 50 percent off yes yes even the month of subscription if you guys just want to use the forecast um yes even you can get access to that and remember these rates get locked in if even if the prices increase or as long as you don't cancel these rates will be yours um at the 50 percent rate um many of you guys many of the people will already tell you that the rates have gone up quite high in the last uh one week already and also we have some conference room members here you guys can you know more than happy to ask them questions you know how they like it and i'm sure they'll tell you um forex watchers goes from three a.m until what time uh just a moment hello hello okay forex watchers goes from three a.m uh eastern center time all the way till uh seven or eight a.m eastern center time it's a four to five hour conference thing that i have okay that's why i don't charge anything actually extra because it's only four to five hours so it's it's just three months worth of forecasting gets you access to the conference room remember if it's full it's full that we have i think a hundred seats so you guys still should have a chance to get in we have quite a big uh waiting list right now uh daniel it seems that true exhaustion candles are not so frequent yes they are in fact in fact take a look at pound pound just might become an exhaustion candle um this current trade right here we went along we made money from it there's a chance for us to make money for a short now let's wait and see what happens that's um nathan it was my first time in a conference room today definitely worth it guys okay tommy totally agree okay yes uh tommy and nathan uh just joined in today um rolly exhaustion candle from north to south is when the arrow points to north how about uh from north to south okay yeah rolly sorry about that let me show you this is an exhaustion that tells you the market wants to go down okay you obviously have to wait for candle to close but something like this this is it this tells you it wants to go from and it's a north uptrend it wants to turn around and go down okay okay bar tech thanks for another great webinar uh naveen can't wait to join four exporters yes hopefully i'll see you guys next week uh skip naveen are you saying 50% savings lifetime yes and i thought the trade signal comes out at 2am it comes out at 3am it's it's again uh it's not a signal service guys it's it's analysis um we do not tell you exactly when to enter when to exit although i do train you guys in the conference room how to watch things like that uh jogan they're butty can i join now or will i have to wait till monday um i think i i'll have to check with the people at forex watchers if they are awake right now maybe i can have them turn on the coupon for you guys right now if you guys want to actually use the coupon code because i don't have the coupon code with me um but i think they might be able to turn on them we did some exceptions for some people today that's why we had three new people in the room today um the content was directly said that we need we need to get in so we got them in um really does the color matter no it does not matter uh don't worry about the color at all uh uh britbull the candle at 7am is that a good continuation candle um are you talking about this one is this the one at 7am okay uh really thanks bruv thanks uh naveen you trade with fx pro yes and britbull yes this is a good trans continuation pattern okay kevin can you repeat the four rules to identify an exhaustion candle yes of course the four rules are rule number one it must be in a trend rule number two the tail must stick out okay rule number three the body must close within the previous entire previous candle and finally rule number four uh the exhaustion candle should be bigger than the previous candle okay also um kevin if you want you can always uh look for this video just type pro trading strategy basics tomorrow on youtube or you can go to our urban forex youtube channel and just find it there it'll be there tomorrow um uh robert naveen what's a good us broker to use if you're in the us use um fx cm or gain capital which is forex dot com uh they're they're pretty decent they're they're big they're regulated and they're pretty good i've used them before every broker gives you their hanky pankies don't worry about it we're not in the in uh the business to scalp as long as you're not scalping or okay any broker will do okay just make sure they're big as long as you're big you know they do less hanky panky stuff because they get caught very easily okay thanks a ton for the strategy gonna pray for exhaustion candles in church you're very welcome rafael um roly what about me i need the coupon to get in and subscribe please uh okay roly why don't you uh ask one of these guys for the coupon code otherwise you can join the waiting list um do you guys want to join today is is that what you guys want to do should i actually call up forex watchers and tell them to open up the coupon uh for a little bit okay give me one second give me one second let me let's see and call them right now yeah samira you know that early bird special thing yeah go ahead and activate that for the next hour yeah i got some people who want to join right now okay yeah go ahead and activate it for for an hour all right guys um it should be open in an hour give it like five minutes and then take a look at it again and try it um ryan show me your actual account and i will join ryan i have nothing to prove to anybody um everything is open the people from the conference room are actually in this room uh you can also go on to our videos we have videos as well okay um where we actually take the trades in front of you there there's nothing to be hidden here everything's transparent okay uh nelson i've sent an invitation but did not receive any coupon uh where can i join from i guess you guys have to discuss amongst each other if you guys want uh um you know uh share the coupon codes or whatnot i i really don't want i should stop the recording give me a second here let me just uh all right all right guys thanks for watching uh this was um urban4x.com on wednesday august 22nd and uh if you guys have any questions join urban4x.com and we have a chat room there and we we will help you out there be sure to join the um uh the waiting list if you're not on the waiting list