 Alright guys, good morning everybody. Good morning, good afternoon. Can everyone hear me? And see my screen? Yes? Good, good, good. If at any time the screen is frozen or my audio is bad, please let me know. I did have some issues earlier today with this, but it should be okay for this webinar. Hope everyone's doing okay. We're basically going to be discussing about the little challenge that we have going for the support and resistance right now. If those of you who have not seen the challenge properly, it's basically a cash challenge basically. And for any of you guys who open your accounts with FX Pro using this link right here, I can paste it in the conference room as well. All accounts must be live. They must be set to the leverage of 50 to 1. Okay, you guys need to let us know that the accounts are active and trading. I think you can open your account with the minimum balance that they allow. That's fine. And we're looking for the largest percentage of gain. Now remember, the objective is to trade using support and resistance in this one. And we're looking for the largest percentage gain. Now we're not looking for you to blow up your account. This is the reason why we're forcing you to set your leverage to 50 to 1. But we're trying to make you guys understand how you guys can push using support and resistance. Now, we've already done this. Michelle, no, US clients apparently currently cannot trade with FX Pro accounts. If you are a US client, you can simply drop us an email and we will make exceptions for US clients. So you guys can choose your own broker if you're in the US and you can still enter the competition. That's not a problem. Now, at Tushy, yes, we did get your email. So going back to the concept is the first place winner will get 300, second place 150 and third place 50 US. And I'm going to be entering this competition myself. It starts next week. And it will last from 5th of February to 12th of February is when the competition will end. And we'll announce the winners on the following week. So we just need to know who's participating in the competition and how many people... I tried to subscribe to your internship, but we can discuss the internship stuff later. Pedro, the minimum I think is 500 or 1000, something like that. You can check on their website. I think I had that right here. Yeah, $1000 for the empty 4 account or $1000 for the ECN account, which is C-Trader platform, which is a quite really nice platform that they have for getting the very optimal spreads. So yes, this link that we have given you, it is our IB link. And yes, if you do open your account with them, we do earn a referral commission on the trading activity. So objective is obviously not for you to blow up your account. That's not our goal. That's not what we do here at Urban Forex. The objective is to learn and practice. Many of you guys have been doing demos and demos and demos and demos. It's time to step out of it. It's time to actually take some action, practice. So we released support and resistance. Will you share with us your trades? Yes, of course, of course. Now we released support and resistance on our previous webinar. How many of you guys who are here actually were in the last webinar last Wednesday for support and resistance? Those of you who were not here, here is the group for that, has all the information about it, is available here. Watch it on YouTube, okay. Pedro, we're going to be releasing the information at the end of the week. Just like this competition is, of course, it's more interesting if we release this information every day. However, we're trying to pull the focus away from a typical school or university-based work. Everything is result-based. It's based on your score. No, we don't want that score. What we want you to do is can you exceed? And I'm also, if you guys are even not participating with a live account, join in with a demo account. Obviously, you cannot qualify for the cash prizes, but join in. See where you stand in the competition. Also join in with that. Let us know if you're doing a demo account. You can send us an email for that as well so we can see which account you're using. We need the investor passwords, obviously, for your account, your server, and investor password. We need that, which broker you're using. Next thing, we're going to recap a little bit on support and resistance, and then we'll take it from there. Let me just go ahead and close these trades. Here, I'll just open a new account. How many of you guys understand support and resistance now? Pedro, to avoid opening a new account, I'll use my ECN alone product and pay the results. Pedro says, I have some doubts. My answer is only basic. It's been a week since we did support resistance. Last, how many of you guys have actually practiced it and learned whatever we've taught? I did see some amazing results in Urban Forex on the home page that all of you guys have been drawing your support resistance lines and getting fantastic results from it. We're going to practice a little bit more today. We're going to go over it a little bit more. Support and resistance is basically a wall. We've all understood that support resistance is nothing but a wall. One of the main things to do is stop looking for any level of support and resistance. What you want to do is find a support of resistance above or below the current market. If I tell you that there is a support resistance here, does it make a difference to me? No, it's not going to make a difference because even though it's a super powerful support resistance area, the market is all the way up here. It's no use for me to even look down here. What we want to do is we want to look for the nearby areas above or below the current market if you want to approach a trade. Let's take an example of a pound right now. If I draw this line on pound, we have this area here. We cover this body and then we cover these tails. We have support resistance here. Do we have a good candle break? We have this line that goes as support and it has resistance. You can see that here. Do we have a big candle break which will determine if this is a powerful area? We need that piece of information. Not only do we need just support and resistance, but we also need a big candle break. I'm going to search for my big candle break to see if I see it anywhere. Wait, let me scroll faster. I'm all the way in September. We go back to the current market and say that all I have is a level of support and resistance. We don't have anything else. I'm going to take my little range also which is probably from here. I'm going to take some tails in. We have this area here. We have this little zone right here of support resistance. At the current moment, the market was hovering around this area. It shut up, bounced from here, dropped dramatically. Came back north and now it officially broke through. Now it broke through. It is retracing from this zone. Do we have a potential buy area here? If I were to put a gun onto your head and say you have to make a trade right now, which direction would you take? Long. Why? There you go. We've closed outside of this wall. Plus, the current candle that's coming down is a retracement. Remember, the zone that you're trading from is the most ideal spot to take a trade. I'm going to go ahead and buy right here. I don't even want to think twice. This looks like a buy to me, I buy. What happens if it doesn't go into buy? Let me explain to you. The market's going long. The market is currently above this area. It's above the wall. The next candle opened above the wall. That means if this area is strong and the market wants to close below it, what does it need to do? I'll repeat that on the next example. Calm. Very good. You need a big candle. It's the same thing. It took a big candle to break above this area. It's going to have to do the same thing to go below this area. Assuming it does go long, step number one, we're in profit. No issues there. Assuming it does take a big candle and it goes short, just like this candle broke. It shot outside. It retraced from the zone and now it's going to continue north. Same thing will happen if it breaks through the south. It will have to retrace to this blue zone and then continue south, which gives you enough time to close your trade again and open the next one in a different direction, making you lose only a couple of pips if not break even, because this is where the action happens. Does that make sense to everybody? Is everyone with me? I'm currently long. If it goes long, it's a rosy trade. It's beautiful. We're making some pips. If it turns around, it breaks down to the south. I don't touch anything. I wait. It has to retrace. Once it retraces, this is the ideal spot to retrace to, because this is a hot area. Once it retraces to here somewhere, I close out my trade, possibly three pips, five pips, whatever a small amount it is, and then I take a short. Then the short continues from there, because obviously I am short after that moment. Now, let's take a look at CAD today. It's something similar we did earlier in our forex watchers conference room today for CAD. We had this line that we drew of support resistance. You can see here there is support, there is resistance, and then a big candle break here. I'm going to scroll back, take a look at this area. Support, resistance, big candle break. Is this a strong area? Yes, it's a strong area. Here's what happened today. The reason why it's strong is because you need support, resistance from the same area, plus you need a big candle break. That's when you want an area is strong. You have big candles because it's a powerful area. You cannot break through it easily. Every time this area was crossed, it has to be with a big candle. Here's what happened. Around here, around this area, on this yellow line, I took a short thinking that the mark is bouncing off this area. It's going to go short. The trade ended up being wrong. No problem. The next candle opened up. It's shot north. Once it's shot north, I waited until it came back down to retrace to the yellow line where I took my trade. That trade made me close for a very nominal loss, maybe half a pip of loss or one pip. Then I went for a long, which is why you saw all that profit on my screen. Then I went long from here. Then the long is continuing from now. The objective is the pips will come regardless, as long as you just follow the market. No need to panic. Just go wherever the market is going. It's not a big deal. The only issue is, can you draw this line? That's where the practice needs to come in. That's it. What we're going to do today for the rest of the webinar session is practice and practice and practice. Because once you get these lines right, these zones correct, then everything is just trivial according to that. Any strategy, any method, anything you do related to forex is going to come back down to this basics. This must be perfected if you want to make it. I can't emphasize this enough. If you look at any of my webinars, I never say this about anything. This actually needs to be perfected. Moving on. No, it's not very tough actually. It's quite easy. Let's continue. This is the current market right here. This is the current market. There goes my pound. I'm not even looking at it. I don't even care. We're up three pips. This is my current market of US dollar Swiss franc. In US dollar Swiss franc, we have one piece of information that just came through. The piece of information is we just broke through something strong. This does not mean there's a news out there. Actually yes, it does probably mean there's some news out there. But to us, no concern. I don't care what the news is telling us. All I know is something big has been broken. What is this area? Let's put our lines in here somewhere and test. We put our lines in here. This makes sense. We use this area. We just draw some random lines and we test from the previous market and see what is this area. Let me clean this up for you guys so you guys can see it clean. Something's either broken from here to here. Something's been broken. We're going to check. What makes sense compared to our closest part of our market? Sorry, let me scroll back properly. There we go. Let's refine our bottom line. Our bottom line, we can pull it up a little bit and we can put it right here. Why over here? Because it has resistance here. Let me remove this top line. Because it has resistance here. Plus, a big candle broke through it. We scroll further back. Let's see what else do we have here. We have tails coming out of this area. Tail up, tail down. Let's go further back and see if there's anything else. We have a little point we missed here. We're going to refine it a little bit. Do you only trade breakouts? No, I trade a bunch of things. This is just one little technique. Take a look at this area. Pin point area here. We have our current area line right here. How can we make this into a zone? We have one line only. One line is not enough to work with. We need to make a zone. Let's cover everything around this area. What information is around this line? First, we can cover the tails. If I cover this tail, let's scroll back and see. Do I have more information about this top line? What do you know? We are missing it by a few pips here. Let's continue further back to check. The top line now conquers this completely. Resistance, big candle break. Support, big candle break, big candle break. No disrespect whatsoever to this top line. Bottom line holds, top line holds. We now have a zone that we're working with. Is everyone with me so far? We've drawn this little zone right now. From here to here, this 18-pip movement area here, we had some crazy nonsense happening. We have a little range. We recently broke through this. We're going long. The possibility of this going till here is more than 50%. You can sell right now, but it's not worth it. The best place to take your cell is in this area. Once it retraces to here, because why? Because once it gets here, there's only two things that can happen. One, it either goes down or two, it blows north through it. If it blows north, it comes back down for its retest before it goes. Which gives you still a chance to wait and pick it up. Now, you have to use this together with correlation also. What if it keeps going up without retracing? You will see that on some pairs, but not all pairs. That's why you have to do this in conjunction with correlation. For example, if it shoots north and then it continues going north after that, it never retraces to here. It retraces only a little bit and then it continues north. How do you know where it's going to continue north from? That's what you need to keep an eye out. Don't worry about the correlation. We will have a webinar on that also. But as of right now, let's discuss this completely. Drawing these lines. This is the most important part. Drawing these lines. Stop worrying about pips. It will come. Just relax. Just focus on drawing these lines. This is what needs to be perfected. Moving on. Let's take a look at Ozzy Dollar right now. Let me clean this up. Sorry, my voice is a little off today because my nose is closed. I'm sick a little bit. Ozzy Dollar has currently dropped. Now that it's currently dropped, what are we doing around this area? Do we have anything above or below this area that we need to see? Let's take a look. Support resistance, big candle break. Current market touching. Is this an area? We don't know. Let's take a look. How much more information do we have? We have these areas plus big candle break, big candle break. Let's check further. Do we have more information that comes from this area? Let's see. Big candle break, big candle break, and voila. Another piece that respects this area. What is this area that we're working with? Big gap that goes through this. Not that important. Then we have some ups and downs here. On 21st December, we might need to refine a little bit. Let's start drawing our ranges. Where can we draw our ranges? Let's pull this down a little bit to cover this body. Let's pull another line up here to cover this tail. Or slightly higher to cover this tail also. We have all of this covered in. This tail is covered. Some stuff in here is covered. Let's go further back and see if these lines make a little sense. Then we can adjust them accordingly up and down a little bit. The top line makes a little bit sense. It's touching more areas now. But it's still being broken by big candles in one shot. Let's go further back. Let's check. We come here again to see this little mess on 21st of December. Let's go further back and see if there's anything else. We reached all the way to early December to early November. Where this area didn't have power. Look how messy it is. Quite messy right here. However, we still do have reaction of big candles breaking through this area. We still have some level of information here. What we're going to do now is, since we're not 100% sure, we're going to monitor this area. We're going to be like, what is going on here? Let's take a look. We're going to understand what is going on over here. We're going to keep an eye on this. It will retrace our selling pressure from institutions in the middle of a big five seat on the five minute time frame. I don't open five minute time frames at all. Kilimanjaro, the problem. In fact, I had the zone from three days ago. That's why I did not clean my zones. Can you briefly discuss what constitutes as a big candle? A big candle break is something that is bigger than average. That breaks through your zones. Now, let's go back to EuroUSD. Look at the size of these candles. Compared to those sizes, would you say this is a big candle? What about this one? Would you say this is a big candle break? The last one? No, it's too small. You're comparing basically just the average. You're seeing that if I draw my line right here for support and resistance, we have resistance here, we have support here. There's a big candle that broke through this line. That's called a big candle break. This is a word I'm just making up. I don't know if that's a real word or not, but I'm just saying big candle break. We'll use this at Urban Forex. Same thing if we take this further back and if we say this is an area of resistance, the market hasn't been able to cross this and then suddenly big candle break. This area has been crossed. Does that make sense? Dennis, can we say that in 90% of the time we see a big candle break, it keeps going on the same direction for the moment? No, that's not the case because take a look at CAD. I guess you asked the question correctly. 90% of the time, yes. Usually, if you have a big candle break, you go in that direction. Now, take a look at what do we have at CAD? We have here an exhaustion. We have an exhaustion for me right now. Obviously, this is short. It goes together with pound going north. If pound is going north, take a look at these beautiful designs, trend continuation pattern to go north. We're headed north on pound, nothing to worry there. CAD correlating says short. It makes sense also, but where does it say short from? Here. What is this area here? Let's find out. Let's find out to see is this short really making sense? Let's find out. I'm going to scroll back a little bit and see this area. Let me start to draw my line. We have a big candle break here. If I draw my line on the body, I have a big candle break, resistance and support. I'm going to do the same thing on this side. I'm going to cover this tail maybe. Let's say somewhere around here, this little zone. Big candle breaks. Again, big candle breaks here. Then we have this now zone. It's almost like the market, if we refine it a little bit, it's almost like the market could not go beyond this. Does everyone see what I'm saying? If pound is in terms of correlation, if pound is telling me long from its support resistance area and it's saying properly long, and CAD now with this piece of information that we just got because of pound and this exhaustion candle and it's saying short, does it make sense to have a short in this range? Yes. I'm going to go ahead and take a short here. Next big piece of information. Let's say I take a short here. Let me look at the bottom line only. I'm going to keep this bottom line here. This line act as resistance. It's been broken from here. I sold CAD. It's been broken here. It's been broken here. It's been broken here. If this level is strong, just for the sake of an example, if this level is strong, what does the market have to do to go through this? There you go. Big candle, again, is possibly needed to go through this. Does it make sense that you'll possibly have a big candle? Probably yes, because you have this nice exhaustion. Pound is going along with the nice beautiful designs are going along, no indications of turning around. CAD is setting up for a short. It looks like it's getting ready for a big short. You're pretty much now predicting into the market what it could do. Better Aussie dollar, New Zealand dollar, with anti-correlation these days, any justifications for it. Let's take a look at Aussie dollar. They are in anti-correlation, because now that pound wants to go long, CAD wants to go short. What about Aussie dollar? According to standard correlation, it's supposed to go short, but it's not following standard correlation. It's anti-correlation lately. If it's in anti-correlation mode, we're going to have to watch this and see will it actually respond to this area as pound did, or will it break through below it? Then pound goes long and Aussie dollar goes short. It becomes your hedge. New Zealand dollar, same issue. A big candle just broke. Why? What happened here? You have a piece of information to do your research. Let's clean it up. Let's find out. Big candle break here. Look at these big tails coming out from this area. If I put my line on these big tails, there are some areas here maybe we can refine too. Now we're covering these tails plus these big tails that's coming out. Let's take a look. What is this? Scroll back. What do you know? Look how many times this area has held. Okay, wonderful. Can I refine it? Yes, let's go up to the bodies. Let's refine it. Okay. Now we have this whole area. Okay. Well, we covered this area also in 8th of January. Beautiful. Okay. Then we had some breaks here but not one single big candle yet. Okay. Then we have a zone now that we must create but now we have this little whip saw that we see. So let's take a look on how we can create a zone. Now, could this area possibly be a zone? The bottom of this where there's tails coming out also? Let's see. Okay. It covers all of this area plus this tail. Okay. Looks like the bottom is going to be here. We're going to cover this body which then covers some of these areas plus that big tail that we saw. It comes into it completely. Completely. There you go. The complete tail comes into it. Okay. We have this little range now where it's currently at. Okay. We want to see if this level breaks. Okay. Aussie dollars still there. New Zealand dollars still there. We don't know. No signs yet. Okay. Because it's not a correlating pair lately. Okay. Lorenzo, US dollar cat is a good setup for your pro-training strategy. Right. I don't know. Let me check. It has everything for a sell. Let's put in our pivots. Get an idea for pro-training strategy. Okay. Yes. It's perfect for a sell on a pro-training strategy. And take a look at this line that we drawed. This 10052 line. Let me remove this line. Is this not your guaranteed profit area? Now, I don't even have my pivots up on my screen yet. We drew this line right here. Because at the end of the day even your pivot points is nothing but support and resistance. They're nothing but walls. Okay. Your pivots will range. Like the pivots on my screen is based on FX pro servers. Pivots on your screen is based on your servers. At the end of the day, you need to focus on can I draw my support and resistance based on what I see. Okay. Okay. And you work your way from there. So you have this area that we're working with right now. And so yeah, based on pro-training strategy this is an ideal sell with this area being with five pips away being your guaranteed zone. But we want to, we're expecting this zone to be even broken. Now, according to the pro-training strategy okay. Our guaranteed zone is until here. Now, assume that we know already for a fact that this zone is going to be broken. What's the next spot? The next one is down here, right? Okay. So, let's put our zones here. Let's keep an eye on this area. Let's see what is it going to do here. First, we want to see if we can break through big candle from here and then we keep an eye on this area for the ideal potential exit. Okay. Pound is still long. Cat is still short. Swiss franc. No retrace yet. We wait. Maybe this little teeny exhaustion candle will have some strength to push. Okay. Aussie dollar. Pushing short. We wait. No rush. No hurry. No problem. Okay, let's take a look at what else do we have? We have gold entering the zone. Japanese yen. Let me remove all this. Euro yen. The reason why I'm not looking at Euro yen, an amium power, it's because if you take a look in the past, we have no data. It's at the all-time high. So, we need to use correlating pairs to understand where it's going to stop. The information goes way too far and it's when you go that far back it's difficult to draw everything. You won't be able to get some precision. But it's okay. You can use it as a reference with everything else. Is it a template you got on your charts there to clean your charts? Oh, it's just a simple I've just saved a template. It's just simple. There's a dividing between day to day and green and red and candles, that's it. If you guys want this template, I can put it up on to Urban Forex for you guys. Excuse me. Okay, so let's see. Do you consider time of the day, example the last hourly candle as just before your launch date? Wait. Mark, can you ask that question again? I didn't quite understand. Kilimanjaro, I'll have it ready for you. No worries. No support resistance lines? Also yes. I do. That's level 2 of support and resistance. There's a whole different ball game with trend lines. That's an advanced technique which I will teach you guys in due time. We've gone through some basics for trend lines here at Urban Forex. Very basics on what trend lines actually are but there are some advanced methods that I can probably share with you guys in the near future. On Aussie dollar, if it breaks down, where is the next zone? Well, draw it. Come up with an idea where you see. Okay. If it breaks through, where would it possibly halt? Think. What are we looking for? What are these lines? What is this? Is there another one of these down here? Find it. You can ask me any question as much as you want. I can answer it for you. Doesn't do you any good. It only does you good if you do this on your own. You practice this. I can give you as much information as you want. Okay. Let's see. Often there is take profit going on to 1100 to 1200 am in euro. You get a big candle retracement. No, there's no such thing as something based on time. Nothing time related. Don't worry. What's your prediction thoughts for euro USD the next coming days, Naveen? I don't do prediction into days. I'm more intraday guy. I can tell you what's going to happen throughout the entire day, but not going into the next day. My expertise is intraday. Let's see here. Okay. Let's take a look. Where do we stand? Cad? Okay, still looking good. Will USD Japanese yen fall this year ever? I'm guessing you have a long or you have a short running. Okay. You need to cut your losses short. Okay. Is it good to short now on Aussie dollar? Let's take a look at Aussie dollar. Okay. If this is the ideal point to take a trade and you're assuming that it's going to short because of anti-correlation, then yes. This would be an ideal spot to trade. Okay. Let's take this method into consideration. I'm going to short here. Okay. I shorted my Aussie dollar right here assuming that this area is the trading area that we need to be in and it is going to short here. Okay. Based on my analysis on my educated guess. I assume. So, I'm going to go ahead and sell. I'm doing this for a sake and an example. Guys, how about holding your questions until these finish? We'll get much more. Yes, Mark. Thank you. Okay. Is it mandatory to use correlation? Yes. Yes. Very important. All right. So, moving on. Euro yen, nothing, gold, possible short coming up and US dollar Japanese yen. Let's take a look at US dollar Japanese yen. Currently, we have this this little area here, but nothing from the past also at the highest for now. So, we can't really use much information right now from a lot of these pairs. US dollar Japanese yen, Euro yen, they're at like all time highs. Does gold count for the contest and other pairs? You can use any pairs as you want. See, my objective is to teach you guys how to use support and resistance. Okay. And you can use any pairs you want any currencies you want and work your way from there. Obviously, you have to consider spread into your accounting, but that's okay. If you're trading support resistance correctly, even the spread should not matter. There is no restriction on pairs or precious metals. Okay. There goes your CAD. Does this strategy work with stocks? I've never tested it, actually. But no, I don't know. I don't know. I'm not going to say yes. I don't know. I'm sorry. Is there any career for future in forex? I'm asking this as young. Yes, there is. Wealth management usually covers forex in banks and stuff like that. But again, trading at a bank is nothing but stressful and quite boring in fact. And salaries are 50,000 at most that I've seen. 50,000 US dollars per year. Of course, it ranges up and down 20,000 up and down depending on what place, what bank and stuff like that. You are on Aussie. Our zone is direct on 50 61.8% Fib levels. Okay. You mean of this complete move? Yup. 50% level is right here, this line. Okay. Oh, New Zealand dollar. Sorry, let's take a look at New Zealand dollar. Okay. For this entire move I'm guessing is a 50 and a 61.8. Okay. Where do we stand? Markets are still slow. Let's take a look at Euro. Do we have any information on Euro from the past? Also Euro all time high. Pound doing good, CAD doing good, Aussie dollar awaiting for reaction. New Zealand dollar still holding. Okay. Will Aussie dollar not bounce up from the zone first before blasting through it? That is the question that we have right now. Okay. Let's do a little bit practice on this. Okay. From basically whatever you guys have learned on urban forex, right? You see Aussie dollar right now. What can you tell me about this? What information do we know so far? Okay. Trend is short. Yes. We have that information. Okay. Hitting resistance is testing the zone. Okay. Support, yes. Okay. Very good. Possibly break this area. Okay. My ear very good. If it breaks through and then it retraces to the zone, we have a nice cell going. What else? Now, couple things to understand is take a look at these. Now, actually in this last one, two, three, four, five, six, seven, eight candles that have been coming up. How big are the tails on top of the candles? What about on the bottom of the candles? Okay. We're getting much longer ones, right? On the bottom of the tails. What does it tell you that we're getting resistance? The market's trying to push. What is it trying to push? There's a small tail here. Then it gets bigger. Then it gets even bigger than it crashes, but it still has a tail. Now, it's struggling. I had a zone. If I were to give you, put a gun onto your head, which direction would you go? Okay. You analyze all these situations. You try to understand what the market's trying to tell you. Okay. Hi there. Wait for it to cross the line first. Okay. Also that. Eric, which pairs should I have in my portfolio to trade every day because I trade too many pairs? I have too many pairs to trade. It doesn't. The pairs do not make a difference. You can have as many pairs as you want. It's like just need to be on top of them. That's all. So, markets is trying to push up, but gets rejected all the time. Yes. Yes. That's also true. Could it be that it needs to push up from a certain area? That's something to think about. It means strong sell. Okay. Let's take a look at New Zealand dollar, a correlating pair that's working with Aussie dollar. We know that these two pairs are working together. So, let's take a look at this. Now, in New Zealand dollar, let me see if I can even refine it. Okay. There we go. I'm going to refine it to this area. I'm going to take this tail. I'm going to refine it to this area. Here's why. We're going to use the recent data only. It covers everything now. We're going to go further back. And, no, no, no. This is wrong. Sorry. It still needs to come all the way down. Okay. Market is trying to push up against what K-Prop it does. It means strong sell, but isn't it that things don't keep falling in effects? Okay. This is a zone I've drawn for gold yesterday. If you guys have seen my post on Urban Forex, this is an area that I responded yesterday saying that this area might possibly go short or have a reaction. Now, it did go short, it struggled along, but then it also broke through long, retraced back to this line, and then continued long. And now it suddenly crashed again. Okay. So, everything is now on a slow mode right now. We're watching everything carefully. Okay. CAD touched its guaranteed zone turned around still waiting for CAD to continue going down short because pound is still on its way north. Even with all of these trades, we're still in profit overall. Okay. Killa Manjaro to answer your question. You need to have many things work together. Okay. You need to have many things work together, which means more than one pair, more than one piece of information. Like, you can't just use candle sticks. You cannot just use support resistance. You need to have at least one or two more pieces of information to complement. Okay. Now, when we went long on pound, we saw the retracement happening. What is a couple of information that we knew? The previous candle was strongly long with little tail on top indicating markets still has strength to go north. Next candle that opened up retraced all the way till down here, and if we assumed it's going to go long, it retraces till up here creating a strong trend continuation pattern for a long and upside down exhaustion, which indicates a further north into the third candle. So, all the way from the first candle, you can predict all what's going to happen into the third candle more or less. Okay. Now, the markets are going long. Aussie Dollar is still hovering. New Zealand Dollar is possibly getting ready to sell. Okay. CAD possibly retest this area of this yellow line and see if we can actually break through. Okay. Anti-correlation, Euro-USD and pound. Let's take a look. I think pound and Euro-USD should be the same. Right now, yes, anti-correlation. Pound is headed long. Aussie Dollar, Euro-USD is headed short. Okay. How did you hedge? Basically, the hedge is just looking what you're looking at support resistance. If you're going long on Euro-USD and you're also going long on US Dollar Swiss franc, that's a hedge. There's nothing special that you do extra. It's just a direction that you take. One becomes a hedge. No. That break evens the profit if you're hedging on the same currency pair. Okay. Take care, Colin. Yes, it's also getting time for us to close this webinar. It's 8.31 p.m. of my time, 7.30 a.m. New York City time. We're going to go through any last-minute questions. We're going to spend five minutes for question and answers and then we're going to go ahead and close the webinar. I hope everybody's understanding what I said so far. If everyone can give me a yes that you've understood how we do this, why it's important to draw your lines. Okay. Good. Good. All right. Let's take a look at some questions. Is it necessary to hedge? Yes. Always necessary if it requires it. Pedro, what about Aussie Dollar? It's currently still a hedge. It's not moving. Okay. If it retraces from here, we have your long. You have a bounce on the long. Perfect area to go long then. We still have to wait and see because we don't know yet. It's been anti-correlation. Okay. Can we look at resistance on pound? Let's take a look at resistance on pound. Now, if it's going long now, where is your next zone similar to this above the current market? We need to know where it's going to go. Right? So, if I were to draw my support and resistance, which is here, we have resistance. We have support. And then big candle break, big candle break, big candle break. Big candle break. Is this area strong? Oh, it's a lot of questions. Okay. Pretty strong, right? Okay. Let's go further back to see if there's any more information and looks like no. Okay. So, we have this area here. You have your potential target coming up. Okay. So, since you have this area of 5791, let's take a look at our pivots also to get an idea. Well, what do you know? We're in between these two pivot lines. Does it make sense now? Okay. Your pivot points are the same thing as support and resistance. Only differences with support and resistance, you're the boss. You can see what's going to actually happen. Okay. And then if you plot your pivot points, it just draws them on the same area. That's all. Yeah. And that closes the gap right there. In between these two, the ideal spot is right here. Which is probably where a tail might come out of. Okay. Mayor, I try to subscribe to the internship. My country doesn't support it. Actually, the internship, the basic program is free. We're going to re-change everything for that. The basic program is free. It's the intermediate program that's paid. In fact, we're going to be releasing the schedule in 24 hours on the different types of topics that are going to be released. And we're going to start releasing the intermediate levels also, not just the basic levels. So we're getting the ball started for that as well. Okay. The internship is amazing. I'm glad you guys like it. We're trying to refine it and even make it better. We want to make sure that the moment you guys sit to practice it, you guys get up, an expert in it, you know, when you get up from your computer. All right. Recommend Trust is a good broker. Good broker, please. Child. I use FX Pro. They're pretty decent now. I didn't like them before, but ever since they've become really big, their act has straightened out a little bit and they're pretty decent now. So, URL, if you can please use this. Sorry, let me get you the URL. We have a URL. If you can use our URL child, we get a referral commission. Let me get you the URL one moment, please. Okay. Again, try to join this contest, guys, to see if you guys have what it takes to practice it. You know, what's the worst that's going to happen? You don't win the competition. Who cares? But the objective is to learn. Okay. Yes, this video, I'm going to go ahead and we're going to get it up on YouTube so you guys can see these examples also. Okay. And we'll put it up on the support resistance page as well. SSEmira about free forex watchers. If we subscribe for the internship, got no reply. Go ahead and drop me a message on Urban Forex. I'll help you out. Marcus, you make it look so simple. It is simple. It is simple. Just practice it. You'll get it. Don't worry. Okay. So, thank you so much, guys, for attending. We're going to have to close the webinar now. The current trades that are running, they're running a total of 10 pips, 17 pips from Pound by itself. Hope this was very interesting and you guys got to learn from it. Please, please do practice. If you guys want to practice it, we have a group for it where we all trade this on a daily basis. We put our posting in examples and tutorials. So, use the group called support and resistance. Everything is there.