 Don't hear me the audio clear make sure my screen. Okay. I'm using a Mac So give me a second here. Let me just see how I can make it work on the window side of things Can you see my mt4 here fantastic? Okay Good good good Okay, so How have you guys been? Dandy good good anyone new in here today anyone new someone who's never seen one of my webinars or attended One of my webinars live Okay, good good to have you guys on board Those of you who are new you guys If you don't know We do things a little bit differently in here. It's not a typical webinar I just you know the mentor keeps blabbing away with nonsense information We go more hardcore we go more in-depth and we make it more interactive. So It's great to have you guys on board Gustavo first webinar. Okay, great great great Okay, so we're gonna start off with some updates couple things Jane yes, this is on pivot points. So a couple things now Today is June 10th On in about a week's time. I will be in Montreal in Canada And then the timings for our webinars are gonna change a bit And you know, we'll probably keep it in the afternoon New York time Which will be another four hours from now more or less So timings will change a little bit Once I'm there and any of you guys in Canada by any chance Okay, so those of you who are in Canada get in touch with me Would love to catch up with you guys if you guys are in the area in Montreal or Toronto Those of you are who are in London towards the end of the year pretty much after my trip to Canada I will make a trip to London. So I Think some of you guys came to meet me last time in London at a Starbucks in Kings Cross It was great to meet some of you guys there. I Hope to see more of you guys This year, okay, so let's get started. Now, how many of you guys Are trading pro trading strategy? Okay Yeah, it looks like there's several of you trading pro trading strategy Okay Let's go. Let's start with one of the main concerns Okay, some are saying want to start Same chart on my screen now. Okay used to a trade supply and demand for some time. Okay Okay Yeah DP the webinar is recorded Syros. I didn't understand your strategy before. Okay, so how many okay? Let me ask you guys is how many guys are new to the strategy? Okay, there seems to be quite a bit of new people to the strategy. So let's do this Let's take the strategy from the top and we'll work our way from there Yeah, sounds good and at any point if there's any questions, please do stop me I will be more than happy to stop and explain it if you don't understand I will explain it in a different way until you do understand. So not to worry about that Audio, okay with everyone. Okay, some say audio. Okay sound screen. Okay Anil I mailed you some concerns. Okay, I'll have a look at Guys for those of you who email me, please note a lot of my emails are answered by my staff and Many times when I do answer them, I get to them very very late So the best way to ask questions is in in the site itself Or expect an answer from one of my staff members instead of me because I spend a lot of time over at Forex Watchers and I barely get some time over at Urban Forex for all the emails because I Can't bombarded with emails from you guys sometimes. So Only human, right? So I'll do as much as I can All right, so let's get started here. Let's start from the beginning. Let's start from the beginning Okay, so pro trading strategy works around Pro trading strategy works around the pivot points. How many guys are familiar with pivot points? What are pivot points? What are these things? Okay? Hello clothes from yesterday? magnets Yeah, it's a calculation. It's the average of yesterday's movement basically Okay, and yes, those of you guys who have watched my previous webinar, they're nothing but walls They're like support and resistance. They're walls. They're there to stop you. They're there to stop your market now The pivot points I have posted up on my screen here doesn't just use yesterday So this is the pivot points here represent one day the pivot points here represent another day and the pivot points here Represent another day. So they represent a different a different different days And in fact, what I'm gonna do is I'll move this in a bit and I'll take a screenshot for you guys. So it's easier Take a screenshot just now Let me know if you guys can see my circle Yeah, okay, okay, this should be a lot more clear and there there will be a lot of less less lag on this Okay, so What I generally concern myself is with three days worth of pivot points Okay, this day This day and this day. Okay, why three days because Price is generally react based on levels that occur not just from yesterday But from the day before take a look at this one. Yeah, you see that So I use an average of three days to get an understanding of if markets are gonna hold in certain areas Okay, so let's move on. Let's move on So the next thing with the pivot points is also using the word using Exhaustion candles. Are you guys familiar with exhaustion candles? Yeah, okay pin bars. Yeah pin bars exhaustion candles Hammers inverse hammers Yeah, large wicks or large tails small bodies Yeah, what are they were no not a doji not a doji doji's are different. Okay, but instead of getting into the explanation of Let's say what what it's called for example a doji or a Exhaustion candle instead of talking about what it's called Let's go into the core of why an exhaustion candle. Okay, let me show you guys something here Okay, let me know if you guys can see the whiteboard Okay, what an exhaustion candle is so let's say the exhaustion looks like this Okay, and let's say that that is That's a red bar Okay, what does that mean? Yeah, yeah Don't try to think what it's trying to tell you just try to think what it's doing and and the reality is there's buying pressure So if I was to go to a lower time frame, so let's say we can see this on the one hour, right? This is the 60 minute chart for example. What happens if I go down to the 15 or the five minute chart? What does that look like? Yeah a V shape, right? So take a look here. How many candles of the 15 minute are inside the 60? Four that means the market opened here it came this low and closed here Which means on the 15 minute in four candles he went boom boom Now isn't that a pretty deep? Retracement if that was a downtrend for example for somebody and the market coming back up at them this high Isn't that same basically that the downtrend is over? Yeah, it's a pretty deep retracement now What happens if this candle was green? What if this was green? Now if it's green, it's more effective. Here's why because now Your your clothes happened up here. It overtook the sellers correct Chris. Oh It overtook the sellers, which means there is more buying pressure more than even the sellers anticipated Okay, so keep that in mind if the bar is red you might get a Sorry, let me undo this a bit If the bar is red you might get a small price back down before going back up So you might get a little pullback in it if the bar is green you're gonna get less Retracement it's gonna usually be more of in a hurry Okay, so let's go ahead and Take a look at this on the charts Okay, you always have to wait for candle clothes. I didn't see who was that question from but candle clothes always Okay, so let's point out some exhaustion candles. What exhaustion candles do we have? Does that classify as an exhaustion? Okay, why not? Now it's in a downtrend and that exhaustion candle is red, but what's wrong with it? Yeah, the wick or the hat, you know, there's still a little bit of Selling pressure in there as well when the buyers went up it got pushed pushed down Okay, what about the next bar? Okay What's so good about that? Okay long wick and everything. Okay now if this exhaustion candle is bullish which means buying favor and If I hit the buy at the close of this candle and I hit the buy at the very next candle, what's gonna happen and Why doesn't it go up? Yeah, the wall there's a wall right there now. How many walls do we have right there? Now take a look at this Where is my Now you got a barrier right here. You're right at Support sorry resistance Okay, and then you got This price right above you here and you're working with this area here So you got a lot of congestion in this area You only have a free move if you can get above this spot. Sorry If you can get above this area and close above there Then you have a little bit more space to go until here But up until then you got right at support which is gonna cause you problems The price fights the support gets up to the next sorry fights this resistance gets up to the next resistance and Fails and comes right back down Hence this price can't get anywhere now I'm gonna go a little bit more in depth. Okay, so far so good. Can you guys do you guys understand it so far? Okay, you got the exhaustion candle which says bye, but then you got a wall right in front of you that says well Try if you want. I won't let you through Okay, or I'm gonna at least cause you problems Okay, so that car cannot drive north. It's having a problem Okay All right now Can we have known this ahead of time that this buy will not work? This is a little bit more advanced. Yeah, how can we have known that? Okay, I'll give you guys 10 seconds to come up with some opinions Apart from the wall, how can we know? Yeah, Peter Yan That's pretty much the best thing the steep downtrend has a meaning It doesn't mean the buy cannot work, but that steep downtrend. Excuse me that steep downtrend Has some sort of resemblance of if this entire thing is down from here to here How much of a pullback is this this little You know exhaustion kind of looking isn't that like 10% maybe? It's very small, right? So take a look at a different one now if we say this is an exact exhaustion kind of for example right here Look at this up move. Isn't this up move fighting? It keeps having a little struggle up and down up and down up and down It's not straight green bars and then an exhaustion Does that make sense? Yeah, now take a look at this one now here is a weaker exhaustion But it's accompanied by a struggle There's green bars and red bars green bars and red bars. It's accompanied by a struggle here. There is no struggle It's just straight red bars coming down and then it puts in one exhaustion candle Well, it's gonna be a strong battle and the sellers definitely have the money Yeah, so some sometimes keeping stuff like that in mind can can keep you away from bad trades But too simple of by things you will have your Your walls that will just stop the market Okay, so let's take a look at some more examples. Yeah, is there a specific pair you guys like? Euro yen pound yen. Okay. Let's start with pound yen and we'll work our way Audio still okay. So you guys said Euro yen, right? Where's your yen here? Here we go. We got your yen Let's look at the current market situations Okay Let's take a look at this now We got an exhaustion candle In a downtrend like this. It's not Telling you the markets are gonna reverse. But what does this exhaustion like that tell you? What does that represent? Yeah, a continuation a Continuation now These are very very powerful. Why are these powerful? What do you think? Let's draw them. Let's draw them You'll get a better idea watch Okay, whiteboard ready? Yeah Okay, I want you guys to take a moment and and refrain from typing and I want you guys to watch the logic Okay, forget the design forget anything just watch the logic of things. Okay The market was coming down and down and down and down and then suddenly a strong move up happened Would you now think everyone who was looking at this downtrend is now looking at it as oh my god I have to buy this otherwise. I'm not gonna get my Ferrari, right? So they start chasing it right up here for the buys and as it comes right back down These guys who hit the buys got stopped out everyone who was selling earlier closed their positions Hence it tricked the market Now the selling pressure gets even more powerful because now everyone is hitting Hitting the buys right around here. There's more orders for the big boys to take for a sell Right there isn't the price up here better Compared to the price down here So the big boys can say okay Well, I like this price if people are willing to buy an expensive price. Well, thank you So then they starts you they starts hammering it back down Right and people will keep buying it thinking. Oh, okay. Maybe it's a double bottom. They keep buying it Okay Well, it's gonna come back up and then there's hope and then most people keep moving their stop losses lower and lower and lower and lower until sooner or later you know they experienced some massively emotional Moment where the number finally gets too much and they actually say okay enough. I'm gonna close this trade Okay All right, so many of you guys experienced that before Happens to everyone right Yeah, so it's a common problem in the market Once you get so involved in the market because of a sudden movement People can't think the other way. They only okay Let me tell you something here. You have a buy going on right and Then suddenly it does this And you're thinking I'm gonna say it's a sell Right, if I'm gonna say it's a sell from here notice even if it does this People are thinking okay. It's just retracing for a sell and then it does this. Oh It's just retracing for a sell No one sees that it's Holding in the buy area because whoever's in the cell Cannot see the buys anymore. He goes blind from the buys He only sees the sell side Okay, so these designs that show up like this that form an exhaustion are very very lucrative In that sense. So does that make sense? Why I I really really like the exhaustion candles It's not the design. It's the story that goes with the design. Does that make sense? Okay, did everyone understand that Does anyone meet and need another example for that? Yeah, another example. Okay. Okay, we'll do one more example here. Okay now Suppose the markets are going in an uptrend. Yeah. Oh Now I'm gonna do the inverse way. I'm gonna do the continuation pattern markets are going in uptrend now Now when the markets are going in an uptrend now, how long has this uptrend been going? It started here, right? What do you think people are thinking at this stage? There are two types of people Okay, I want you to tell me two types of people. What are the two types of people? Okay, type one type one Says well the buyers can go on forever So they're what we call the countertrend traders, which is let me sell This thing up here because it's way too high Then there are people who's like, oh, I now see the uptrend and they start buying now, which are called the late buyers Okay Okay, these are the two types of people one Who enter very late for the buys and two who keep thinking it can't go on forever. Let me hit the cells But the guy who's trying to hit the cells doesn't hit the cell now He waits for a signal That signal is Now The person who wants to sell he now looks at this and says, oh my god It's leaving and he the poor fella hits the cell right there at the lowest price possible The buyer who gets in late unfortunately Stalked out. He's out of the game the seller who's in this case wants the market jumps back up He's out if the market jumps back up almost 100% What does this look like on a candle if I go to a higher time frame? Nope, not a doji. It'll look more like an exhaustion Yeah, it'll look like this Okay, so this design if it's accompanied by pivot points Which says it went below the pivot point, but he never stayed there. He came back That tells you two informations one people got screwed over and two Your support resistance of the pivot point is holding That's a double confirmation for you and you have the losing traders money Okay, that's the best fuel you're gonna get in the market is the losing traders money Hence that's when the market's propelled. Does that make sense? Yeah, okay This is why we like to talk about Exhaustion candles and this is why exhaustion candles are very very powerful. They come with a message. It's not just a design It's a message Okay, what if the exhaustion candles on the four hour not the one hour a charts a chart remove the time frame and Exhaustion candle still represents the same thing if you remove the time frame and you don't see the time frame And you just look at the chart you can still read it All right So think of it in that sense Okay, now let's go back to our charts again. Let's now put this all together. Let's put the pivot points together with the Exhaustion candles and we'll try to talk more on how do you enter? How do you exit and then we'll get into how do you maximize profit? because Maximizing profit has a lot to do with what pairs are correlating or what pairs are synced, right? So we'll get into that as well. So let's let's go first into the screen sharing here Let me open this up again. Okay screen visible. All right So let's let's take a look for an exhaustion candle now. Would we say this is an exhaustion candle here? Do you guys remember the four rules? Was it four or five rules I've made for exhaustion candles? All right, here we go. Here's some rules for exhaustion candles one Your tail or your wick must be bigger than your body Yeah, the tail or wick Must be bigger than the body. So you see this right here You see how this wick how big the size of this wick is look at the size of the body Okay equilibrium there Okay, now let's take a look at this one. What's the next rule too small? Yeah Too small your exhaustion candle must be bigger than the previous candle, correct? Okay Yes, the exhaustion candle must be in a trend If it's in a range it needs to be on the top or bottom of a range It cannot be in the middle of a range, but if you're in a trend It must be in a trend basically the exhaustion candle might needs to show up as a reversal or a continuation Yeah, okay fourth rule and the tail sticks out Yeah, it needs to stick out Look at the area to my left. Where is my shapes? If I do this if I say this is the tail and I go to my left as it stick out has price ever been there before Yeah, clear space. So these are the four rules that if you had these four rules with your exhaustion You have every Tom Dick and Harry trying to buy this thing. So in example, let's assume This is a good exhaustion just assumption It's not one but if it had a very big tail and wick and everything Every guy would look at this as oh, that's a higher high. Oh, it's breaking out above the highs All breakout traders buy it all trend traders buy it But then when it comes back and leaves that big wick on top, you know that everyone screwed over Everybody screwed over and that's fuel for you Does that make sense? Yeah, you got a lot of selling pressures. Yeah. Yeah, so you got to keep that stuff in mind. Okay, so let's take a look at some more examples Okay You also guys said pound yen. Let's take a look at pound yen. See if there's anything in the recent markets Okay. All right All right Let's take a look at this fellow here Now what's wrong with this exhaustion candle? What are the criterias? Wrangle many people do that. I used to do that, too I used to always want confirmation. I used to always get into the market very very late It was a common thing for me also. Okay, it's bigger than the previous candle. It's in an uptrend Okay, the bar is not red. The bar is green, which means It's retraced a lot, but it hasn't retraced 100% Okay, it's retraced only 70%. Basically if that's how you look at it Which means the uptrend is still valid Okay You ready on how to read stuff like this? Are you guys ready for the next thing? When you see a candle that looks like this Do you remember from what I told you guys earlier? You're gonna get one more push up Additional retracement is gonna come in because the candle is not red. It's green Okay When this went okay Answer these questions When this went up and it retraced See the move up here and then the retrace there. How much retracement is that? 50% what about this move up here this move up here and then that retracement there Xiaomi yes, it's recorded 50% Okay, so one 50% move next 50% move and then the next move goes up all the way to here And then this goes all the way down to there. How much retracement is that? Okay, that's a pretty deep retracement now it accompanies with an exhaustion candle which screwed people over Now here comes the interesting part is here comes what we call the re screwing over Screwing people over yet once again because this exhaustion candle makes everyone sell, but it's not ready yet All right, it's not ready yet on the lower time from on the 15 minute everyone sees red bars on the five minute Everyone sees red bars. So they want to sell that thing This thing goes back up, but we know that this exhaustion candle Has all the right criterias to stop the market He goes up yet once again exhaustion candle halt red bar Holding at this Where's my arrow Holding at this pivot level Let's take a look at this pivot area here on the last three days. What's going to mess with you? You have Insert Sorry, I haven't used the mt4 in a while. So you got this area this area this area now As the candles drop just below that and close you have an open run all the way down to here basically Do we not So It is at that point when you can see things are lining up those stories lining up The exhaustion candle didn't just show up in all green bars. It showed up after a series of struggling up Struggling up struggling up and then boom It's got the pivot points It's got the exhaustion candle and it's giving you a better price to get to the next level because this exhaustion candle Does not have immediacy It's not red. It's green. Which means one more retracement coming in Make sense Okay, I I know this might be a little bit more advanced Uh than the easier ones that I show which is just an exhaustion candle get in on the close of the next bar But for those I just wanted to also make sure that those of you who were who've already traded for us pro trading Strategy over the years can get something a little bit more advanced as well Okay, make sense so far. Everything's so good so far so good Okay Now now if we look at this and we're like, okay, well, what if I put my stop loss up here at 50 157 50 And then I trade all the way down to here to 150 640 I'm making 90 pips 90 pips for a risk of approximately 40 pips Okay, I'm making a little bit over two us to one How how can I maximize this? correlation Okay, what pairs work with pound yen? Okay, joe sell all the yen pairs leading lagging pairs usd yen euro yen, okay The pound group. Okay This is how you're gonna check. I'm gonna I'm gonna tell you guys something here This is the 7th of june. Okay. Remember the date 7th of june And let's take a look at something. I'm gonna show you guys something Um, you guys can do this on your own, but I'm gonna show you something that we do proprietary at forex watchers And you guys will get an idea of how to leverage the information to your to your side Okay, let's go to our currency strength We'll have an app out for you guys for the currency strength. You guys can always use this I'll have a staff member post some currency strength numbers for you on urban forex as well So you guys have that Okay, so june 7th, right? Where's june 7th? June 7th. Here we go june 6th june 7th. Let's take a look at the numbers up here. Oh, oh, sorry Okay, we got us dollar minus three euro one pound Sorry yen minus one pound minus three Now this is out of six Okay, it's out of six. So does pound have a majority power Does yen have a majority power? Okay, it's out of six. It needs to be either very high in the plus or very low in the minus Okay, pound is weaker than yen. Yes, but it's not a controlled pair a controlled pair means He's extremely weak across the board Okay, so let me take a look at june 6th. Okay, now we have june 6th. What does yen say on june 6th? What's that number? Yeah, it's a plus 6 which means yen is very very strong. What does that tell you for? Pound yen, which direction do we need to go? Yeah down because yen for yen to be strong pound yen needs to go down Right, right does everyone understand that why pound yen has to go down? This chart represents the pair on the left, which is pound If this chart goes down that means pound is weak, but the opposite is strong Okay, for those of you like who need who need to understand that if this chart goes up That means the left pair is strong. The right one is weak Okay, so when we look at all this information Paul I'll get you guys Not access because that's proprietary what we do at 4x watchers, but I will get you guys access to it on Urban products, no worries. Okay, so what what What this what this information tells you is not only do you have this trade telling you exhaustion candle It's telling you pivot points. It's telling you the entire yen group is trying to drop You can now go in with pound yen Euro yen Aussie yen New Zealand yen And and many many more and as soon as your pound yen is approaching your area of Support you're going to exit out all your trades and you go from making 90 pips close to 600 700 pips, maybe Does that make sense you guys have seen the videos where we do correlation trades, right? So on youtube We take entire batches of trades and and then we Once you know The direction once you have the edge once you have a high percentage of accuracy Then you milk the process. Why take 90 pips from take as much as you can Milk it Does that make sense? Now when you're wrong It will also hurt you at the same speed. So be careful This is why you must make sure when you take a trade you have at least A one is to one or a two is to one Why one is to one because the accuracy of this is quite high But a two is to one makes you safer, which means a two is to one means you need to be You're making money two times and when you lose money you lose money only one time Which also calculates in you need to be right only 33 percent of the time To break even 33 percent of the time. That's a very low number Okay, chris judge. Yeah. Yeah The the pivots on the other charts will make a difference also chris Um and keeping on top of all that can really drive you nuts at times Let's let's take a look at that actually. This is what june 7th. Let's compare. What pair should we compare this to? So we're on pound yen. What other yen pair shall we compare this to? usd yen Let's take a look at usd yen. Let's see on june 7th at What is this 10 o'clock? Let me get on my crosshair out This is at 11 o'clock. So usd yen 7th june 11 o'clock. Let's see where's 7th june. This is february Okay, 7th june 11 o'clock, which puts me right at Here Okay, now We're at this area for this guy and if we sell where is my arrow if we sell this fella here Is that right? Let me move this out. Yeah If we sell that fella there Where is the support it's all the way down here. It's very very low. So he has no interference coming down Okay, next one. What other pair do we have? Euro yen. Let's take a look at euro yen Oh, it looks like the line stays. Okay Well june 7th at this is 9 o'clock 10 11. Okay. This is 11 o'clock up here So if we sell from up in this area Now that one's a close one. Look at that If you keep your stops even above your pivot point that can possibly stop you out on that pair So that one is a bit risky Okay, he might just snag your stop on that one Okay, but he also has an open run down till this area at 12203 Okay, let's take a look at Aussie yen Where's Aussie? Aussie yen Okay, 7th of june at this is 10 11 that puts you right around there Right there Okay No exhaustion. No nothing pure green bars. So this one is a bit dangerous Okay, let's take a look at New Zealand yen though See if that one's a little bit healthier Okay, New Zealand yen 7th of june straight green bars also Okay, 11 o'clock puts you right around here. So there are a few pairs you can avoid There are a few pairs you can avoid So you can only take usd yen pound yen and euro yen in this particular case Okay, but we also don't want to wait until it hits our one No, if you use them together in correlation notice all three pairs euro yen Pound yen and usd yen did not have support anywhere nearby. It was a little bit far away It gives you a distance of two is to one on average. So you can only take those three pairs unfortunately That makes sense So you want to use correlation you want to use your technicals together You want to use a story an exhaustion candle tells a story as well And you want to put this all together and execute it to get the best possible return Okay, so This coming month this coming next two weeks. We're gonna have another webinar in two weeks How many of you guys are gonna try this strategy in the next? Over the next two weeks Can you guys do me a favor and update on urban forex and let me know what's your progress And i'll have a team of me and my staff will will help you go through any hurdles or mistakes that you might do And then let me know how the progress is and if you guys like it Well, we can we can go further deeper into it However, if it's not a strategy that you guys like we can go into You know our other strategies like divergence and stuff like that that we also teach But if you guys can really do pro trading strategy, it's one of my favorite ones and it does quite well Chris judge Strengths like I said, it's not available to the general public forex watchers is a very You know, it's a very private group there I actually have traders over there where we train and we trade together two times two times a day But I can have the numbers copied over to Urban forex by some staff members Yeah, yeah, this webinar is recorded So it will be up again In 24 hours or so and you guys will be able to watch it. Sorry about last time it took a little bit longer All right guys, so that's it for now. Thank you for watching. Uh, it's friday go out. Stop trading go out Have a good time and uh, have an additional beer or something on me. Enjoy guys. Cheers until next time