 Mae'n gallu ichi gilydd i gael y cwestiwn yma, os ydych chi'n gwneud i arweunio y cwestiwn am cyffredin o'r llwyddiol? Ono, fydd ei wneud i'r cwestiwn ar flaen. Rwy'n cael ei cwestiwn yn credu o'r llwyddiol. Rwy'n cael ei wneud i'r cwestiwn yn credu o'r llwyddiol a byddwch chi'n rhannu eich byddwch ar fiaith yma o ddymarg. First of all, you've got to make a choice of what you're trading. So are you trading risk off, right? And if you are, then obviously you're going to be looking at the JPY or the Swiss Franc. So these two currencies are safe haven currencies and they should strengthen in a risk off environment so they will tend to strengthen, yeah? Now depending on the risk off sentiment, yeah, some risk off sentiments can last or risk off sentiment can last, you know, a week, a month, it can last, you know, a while depending on obviously what the sentiment is. Doesn't mean that you're not going to get pullbacks. Of course, you know, within those within that risk off sentiment, you're going to get profit taking, you're going to get pullbacks just like any market. Just for example, like in a risk on market, you know, when when the risk is on, you're going to get pullbacks, et cetera. Nothing goes up or down forever. But the point I'm trying to make is this. Let's say, for example, right now, the Swiss Franc is number six on the fundamental analysis spreadsheet, yeah? And let's say, for example, we want to be wearing, I'm still in the dollar Swiss from the absolute lows, by the way, yeah? But let's just say, for example, you know, we want to be buyers as a dollar is number one, yeah? Now, there could be this coronavirus that's going on right now, yeah? And what that's doing on the dollar Swiss is it's strengthening the Swiss Franc, yeah? So, for example, there might be a demand zone here, right? And you might not necessarily get, you might get in or you might not get an entry, et cetera, but you might lose that one, let's say, yeah? Because risk is off and the Swiss Franc tends to strengthen. So then, you know, we come down into another demand zone, yeah? And risk is still off, you know, there's still people, you know, being afflicted by the coronavirus worst-case scenario, you know, I think the death toll is rising. That's really unfortunate, you know, for those family and people out there. And, you know, let's say, for example, prices come down here, yeah? And, you know, we start to, you know, enter into a trade here and, you know, this doesn't work, for example, right? Now, what's happening and what people tend to not, you know, realise is that the price, yeah? You're getting, you know, the fundamentals are remaining the same as far as, you know, economically, GDP, inflation, interest rates and others. Wise and our fundamental now is especially that the Swiss Franc is still terrible compared to something like, for example, the dollar, yeah? So what this is actually doing is it's allowing us to buy, right, for a cheaper price, let's say, for example, two, we tried a four, and then maybe we tried a seven, yeah? Now, we lose two trades, fine, yeah? Losing isn't, you know, win rates isn't what we're concerned with, it's more about risk reward and understanding what is value. So if prices come down here now to this point and you have a, you know, let's say, for example, the virus has been contained, there's a vaccine that's been developed and, you know, everything now is looking much better in China, right? The dollar, because the Swiss Franc has, you know, obviously increased in strength, then what happens is everything reverts back to, you know, risk on again, yeah? So risk on, yeah? And the risk on environment, that's where the dollar, which is number one, and we look at, you know, what we're getting, for example, interest rates where, you know, the dollar is like 1.75, and the Swiss Franc, I think, is like minus 0.75, right? That's when traders are going to be like, now, oh, you know what, I want, you know, a return on my money, wherever I'm going to put my, wherever I'm going to place my money, I'm putting it back into, you know, the dollar, all right, and so on and so forth, yeah? So that's where this now becomes an absolute bargain price at this demand zone, and that's where you get your, you know, five, you know, six, seven, ten to one type trades, yeah? It's, you know, not all the time, you know, every single demand zone is going to work depending on risk on and risk off. We have to understand which way we want to be, you know, trading. What traders tend to do is try to go low and then go high and then pick the lows and then go direction. What you want to do for me anyway, right, is what I tend to do, I would say, 18, 90% of the time is I trade in the direction of the fundamentals. What are the numbers saying? What are the hard figures, you know, GDP, you know, interest rates and inflation, right? That's what I'm more concerned about. Negative sentiment, yeah, will push prices lower to where I can get a much better risk reward, right? Because that's going to be seen as an absolute bargain, you know, if the corona virus, yeah, you know, is contained in there is a vaccine, yeah? So there's opportunities. Which way should you trade? If you want to take advantage or maybe some short term risk off sentiment, then fine, brilliant. You know, you know, do that if you want to do that. Me personally, I'm not chasing, you know, risk off and risk on sentiment because it makes things a bit more difficult day to day. You know, I'm not trying to, I'm trying to take the basically the best trades and try to identify value at the end of the day. That's what we're, that's what we're doing. We're identifying bargain prices, yeah? And to try and trade both ways sometimes is a lot of times is very, you know, challenging. We want to make things as easy as possible on us, yeah? So identify potential bargain zones through demand zones and then what we want to do is trade in the direction. So I don't mind losing two or three trades to understand that I'm going to be getting, you know, five, six, seven, eight, 10 to ones, 12 to ones, you know, in the future, if you know what I mean. So it's a decision that you have to make. And remember that risk off can last if, you know, the coronavirus goes on for the next, you know, few months. Yeah, then unfortunately, that's just what it is if you know what I mean. Doesn't mean that you're not going to get pullbacks and not be able to make any money here because, for example, we know that, you know, we entered a couple of positions, you know, we placed them where we placed them and we might, you know, win one and lose one. For example, we're still up. We might not be able to get the runners that we need, if you know what I mean at these levels, right? Because, you know, prices have to search for liquidity too as well. So prices can't just keep going down and down and down. There's going to be stop hunting involved, you know, to the other side, et cetera. And then price is going to go down. If we buy around here, we potentially, and, you know, we can make some profit potentially on the stop hunts against us, if you know what I mean, because markets don't always trend forever. Mark is going to from trending to ranging markets as we know. So we can take advantage of those periods. We might not necessarily get the big runners. We might get maybe three, four to ones on those types of trades, but eventually we're going to get these big trades, these 10, 15 to one type trades. Yeah. So we've already had a few of them this month. I mean one on the Swiss yen. We had one on the Euro yen, right? Where we picked off the absolute highs and stuff like that. The dollar Swiss, for example, we're in that one, the pound yen, right in that one. There was the Euro dollar, yeah, we were in, you know, I said, missed that one, but that was an opportunity to get, you know, for good, maybe nine, 10 to one type trades. There's been quite a few of those. So don't worry every month, there's an opportunity to get into, you know, these types of trades, these runner type trades, whether it's risk on or risk off, you have to decide which trader you want to be. And don't try, don't switch from day to day, if you know what I mean, like be consistent in what it is that you want to do. Set out your plan, if you say in your plan, then I'm going to trade risk on, yeah, and risk off, right? And then you're going to have to define also in your plan what risk off events you're going to be trading. So let's say, for example, I'm not going to trade anything that involves war, yeah? Oh, I am going to trade something that involves war. Politics, yeah, so politics and elections, right? Am I going to be trading that or I'm not going to be trading that? So go a bit deeper into your plan about what risk events you are or may not want to trade, because not everything you want to make money off of, do you want to make money off of death, for example? You know, some people morally don't want to make money off of death. So, yeah, you have to really, really kind of maybe dig a bit deeper and stuff like that. So again, it's up to the individual. I can't tell you what to do. I can tell you what I do. And, you know, the majority of time I will look to if I'm already in a trade, let's say, for example, I'm already in a trade. So we was in the pound yen, right? And we were shorting, obviously, the pound due to Brexit and interest rate cuts, right? Now, let's say, for example, and the risk that is associated with that against the yen, yeah? So this was, I think, at the time, what was it, seven versus four, yeah? So that's a decent trade, not the best trade, but a decent one to the short side. Then, as we were in the yen, then the coronavirus came along. Now, I'm not a buyer of the, I'm not necessarily a trading the yen due to the coronavirus, right? But I was already in the yen trade. Now, if you're already in the yen trade, yeah, or buying the yen, and then something happens where morally it's against your code of conduct, for example, you're like, I don't want to make money off of people dying and death and things like that, yeah? And you're already in that trade. Then you have a decision to make, yeah? Do you want to hold the trade still because you were already in it from before, yeah? Or do you want to come out of that trade, yeah? And say, you know what, morally it's against what I stand for and things like that. So there's those types of questions you have to ask and answer for yourself. So, so yeah, that is, I hope that's really answered your question, if exception. And yeah, that's it for now. All right, take care.