Yeah.
Good morning,
everybody can everyone hear my voice.
Let me just turn on the screen sharing here.
Oh,
yes.
Where is mine and deplore?
Kate,
yes,
or you and videos good OK,
great great,
how is everybody?
Good,
good good,
okay,
just before we begin here,
how many big guys are new?
It's your first time in any of my weapon or for any of our weapon are the urban for X.
A rebel Smith minto hollow,
then.
OK,
alright,
so welcome to the community and you've probably noticed that this is a really closed community where everybody is tight together,
and we make sure we look out for everybody as much as we can.
So I'm again welcome to the community.
and today what we're going to do is discuss a strategy around support and resistance.
Now I'm last time I touch you guys,
how we do support and resistance,
and many because requested.
okay now it's time for a strategy.
OK,
so we'll discuss that now before we get into the strategy part,
let me get into a little basic recap of support and resistance again,
and what we're going to do is as we go through.
All of this is gonna be a one hour.
Pretty much a one hour weapon,
or we're going to split the webinars the first half as a learning experience in the last half as an interaction,
and will keep all the questions two in the middle and towards the end of the governor.
Okay,
if there is any audio issues,
let me know.
Here let me let me reset the audio one more times.
if that helps one moment.
How many of you guys have actually audio of issues?
Can you make the candles doctor?
Yes,
I can.
OK,
every set the audio.
It should be fine if it's still not fine.
This is recorded so not to worry their care.
For those of you who need a doctor tshirts,
let me make them dark for you.
All right here I'm sorry mark back to its record.
I told him not to worry them.
Now.
The base we kept on support resistance now.
The traditional books when you,
when you learn support and resistance,
is they tell you that the area where the market turned around from is your level of support are more resistant.
You know,
for example,
here this would be considered your resistance or up here.
This would be your resistance and of this area down.
Here would be your support.
OK,
now this is the traditional saying that this is your support.
This is your resistance.
OK,
um,
anything.
Below the current market is called support.
Anything above the current market is called resistance.
Now that's not the way I particularly do it,
and I've introduced this method to hundreds.
In fact,
thousands of people now that you know the way you do.
support resistance is not that way.
And here's a here's what supporting resistance?
It's like anything else works with level of strength that there was a million support resistance you can technically draw with resistance on top of each candle if you want to really get into the nitty gritty of it,
and you'll just go crazy and by okay,
this is,
resistance is the resistance resistance.
And sooner or later you become like Einstein or crazy hairdos up,
so you don't want to do that.
You don't want to do that.
you want to understand the level of strength of particular support and resistance level.
Now,
if you guys wanna,
take notes,
support and resistance.
The best levels consist of three things.
That's particularly that same particular level that you grow up must be a level that has been used as support,
and it must be a level that has been used as resistance.
And finally,
the third thing there must have been a big scandal that broke through it at one point.
These are the three things for supporting resistance.
Let me give you an example.
Let's take a look sort of into the past.
Let's get you some tips includes okay.
Now,
for example,
we take a look at this area here.
OK,
I'm a rosy D.
Everything is recorded in case.
I still OK,
let me do this.
let me turn off the VPN.
See if that makes a difference.
One moment please.
Give it a second and OK,
how do I know?
Is it better now?
Hopefully?
Okay,
I'm going to repeat this over time and will see hopefully it's better or not.
if not just wait for the recording.
OK,
the three things for support and resistance information.
OK.
the first thing.
The level that you draw must have been used as support.
It must have been used as resistance.
OK,
and last but not least,
there must have been a big candle break from this level.
Which indicates this level being strong.
Okay.
Let's go through this example now.
How,
how are you supposed to draw support and resistance?
Is it just this tip here?
The answer is no.
Support and resistance can range from the body all the way up to the tail.
What is a tale?
A tale was basically telling you that the market tried to push,
but it could not closer.
It came down in closed.
So if I draw on this particular body at the top of this body,
do you see any single body coming out of this area?
No right for two days nonstop,
not a single body was able to come out of this era,
it pushed,
but it wasn't able to close outside of it,
which means this area has just as much as strength as well as does the tip.
This is how you create a range you always need arrange when you're growing supervises,
and it is not the traditional one line method that is thought OK,
because if I say the support is at one point,
two,
five,
five.
Your chart,
at one point two,
five,
five five is not the same as my chart.
Your broker's numbers are different than mine.
OK,
so you always need to rein to get a sense of idea.
Our charts might be different,
but it's not going to be one hundred types of difference it's going to be a few pips.
This is why you always need to have a range.
Next thing?
When you draw this area,
ok,
this is your resistance is above the market,
so resistance resistance over here,
we had a big candle break.
One big scandal breaks through.
This indicates that this level that we drew is a strong level.
OK,
this is a strong level that we just broke through.
OK,
now we've had resistance.
Big scandal breaks here.
I'll also take a look became was coming through this area.
Did we have support?
We had resisted.
Let's go back injected.
We have support in this area.
Let's go back to the diluted.
Oh,
well,
what do you know?
Take a look at this.
You see how this entire area of twenty,
eight January,
twenty nine January gets covered.
Kate correspond to these areas as support,
so we have support.
we have resistance and a big handle break.
Sorry,
let's go forward.
We've had a big kettle break as well.
so this area now indicates now that we've crossed through about even once the market crosses through.
The traditional method that explains is once you cross a level.
That level becomes the opposite.
This was resistance.
it broke through a big scandal.
Now it became support.
OK.
This is because we know this area is strong,
we're going to be using this area and in the new future also,
and the market tends to respect it not once but twice and on and on and on.
Coz you know this level is strong and have been coming in from the past for quite some time.
Now.
The strategy part everyone understand,
support and resistance.
Until now.
Everyone was with me so far.
Okay,
now let's get into the fun part.
OK,
we're gonna.
get into the strategy.
Part.
When do you draw up for any resistance?
That's the question.
Yeah,
I drew support resistance on the past.
and you know,
yeah,
I get it.
How do you know if the market is running that you need to draw a support resistance level?
When do you need to do it?
Let's take a look.
I'll show you.
I mean you guys are familiar with divergence.
Divergence,
hidden divergence in all any other words and are attached to it.
OK,
I've also explained it in the previous previous webinars.
I think.
OK,
for those of you who don't know it was no problem.
We'll.
I will go into it right now.
All right.
Now.
Let's take a look.
For divergence,
I'd like to use an indicator called Statistics,
and I Go to insert indicator.
Go down to Trend,
and it's in your list outside.
good unto Oscillators,
and it's in your list here.
Called the chassis,
Oscillator.
I click on that I use standard settings,
which is five three,
three,
whatever it is and click.
OK.
And this is how it looks on my screen.
Now let me remove.
Let me remove this sum.
Period separators,
so in the charts are even more clean,
perfectly clean.
or you guys see just the charts and the indicator now right.
Now let's go through this.
Now take a look at this thing right here.
Let me show you an example of how are you?
Diversions,
or OK,
we're going to use the word opposite.
In this,
women are.
Kate,
what I'm going to say opposite is.
If the price is doing opposite of the trips to plastics,
that means price is going to change directions.
OK,
I'm gonna repeat that over time,
if price is doing opposite than what the indicator is doing,
price will change directions.
OK,
so I've never used the word divergence,
hidden divergence,
confluence and all of that nonsense,
I'm going to simply use the word opposite.
OK.
Well.
Let's take a look at these charts.
Now the markets are coming down,
we create our first law.
OK,
I'm going to mark the slow.
I draw my line,
saying that,
okay,
I have my loan.
Right,
everyone see that this is a peak right here.
We're going to do the same thing on our indicator.
I'm going to mark the law on the indicator.
This is the lowest point of lowest lowest.
The market continues to move.
It moves up,
and then it starts to go down.
As it starts to go down,
we have what we call a bridge.
We've gone below our recent low right,
we've crossed.
Now is that the same case in our own indicator?
Have we crossed below this line at any time?
No,
we don't have to breach here.
Since we were going in a downward movement,
we're going to connect our bottoms when you're going upward movement,
connector tops.
When you're going in a downward movement,
connect your bottoms.
We're going to connect our bottoms.
From this is our first bridge was here.
I'm going to do the same with our indicator.
Around that time the market was here or so somewhere.
Let's say.
And you can see that the price is telling you it's in a downtrend.
While the indicators telling you it's in an uptrend.
What we have is opposite when you have opposite.
market tends to price tends to change directions.
In this particular case,
the price was going down both price changes and goes up.
This is just as just an example.
I'm showing you right now.
I'm going to go in through one more example,
and then we'll get into putting this together with support and resistance.
All right.
We can actually use this and this let me could.
You are more clear example.
There are just tons of examples of this there and trying to get you guys the most easy to understand.
Yes,
I will.
We'll do it on you.
A dollar,
Japanese yen also.
Could you do it on a?
U?
S dollar,
Japanese?
Yes,
yes,
I will.
OK,
so let's take a look at this.
The market comes here creates a high than it goes down.
OK,
I'm going to mark this high right here.
I'm going to do the same on my indicator.
Market comes down goes up,
we have a bridge.
We've gone higher than our previous high,
not the case in our indicator.
It's not gone higher than our previous high.
We have opposite.
Since we were going in an awkward movement,
we're going to connect our eyes at that particular time.
We only saw this candle.
we didn't see the scandal.
From here.
At that point we were around here somewhere.
Opposite right from here to here totally opposite things indicator saying downward movement,
while prices saying upward movement,
since prices in an upward movement,
and we have opposite means the price is gonna turn around.
In this particular case,
price takes a reverse.
Okay,
everyone understand the concept of opposite or divers,
and so forth.
Okay.
Let's put this into action.
I'm going to remove this line,
since we already know there is a divergence now are opposite and we see it clearly at this point we have this information.
The timing is actually immediate,
but Mark Owl explained that situation to you.
now,
when you have the situation of opposite.
Remember,
if you're just looking at this information of divergence.
What happens is you are relying on your indicator,
which is deadly.
Never rely on your indicator.
No.
In this particular case,
the indicator is at this particular moment,
when this candle actually went up,
the chances are the indicator didn't cross.
We don't know if the Internet is going to go down.
What if the market actually continues.
going higher and indicator continues going higher or two.
You would never know that this is a divergence.
Then.
What you do is you need to.
at this moment,
when this happened in your life.
there is a possible divergence.
Start growing,
mark this area with your line and check.
Is this an area of support and resistance.
Let's check it up.
that's going to the past and see what is this area.
If we can get that far,
let's see.
Should I shrink it more teeth that helps?
Maybe for our shirts would help.
well.
Okay,
we don't have any data going further back other than probably the daily charts.
That's okay.
This example is going to be a little bit difficult to explain,
but.
Let me use an example that we did today earlier forum for its electric people in our conference room.
What time do you draw the line you begin with one hour and you work your way up?
I'm going to explain to you guys that thing right now.
In our conference room at four exploits,
we were looking at the four hour chart today on Euro University.
This is in fact why I have a trade running now.
Take a look at this on the removal of these lines,
and one of them zoom in a little bit more.
Take a look at this.
We have a high here.
We mark our high.
We have a high here.
we mark our high.
Price is going down as it's coming upwards.
Price is coming upwards.
Indicator comes up,
we have a bridge.
Now we have a bridge on the indicator,
but we don't have a breach on a price.
What we're going to do is we're going to draw since we're going upwards.
We're going to draw our tops from here.
To at that point was here we're going to do the same with our tops here from here to this area.
Does that look like opposite to you?
This indicates price is possibly been a reverse and turn around in the direction it's going.
The direction I was going was long.
And we wanted to say we have a short when the short is coming up.
That's the million dollar question.
That's the reason why we implements a poor resistant.
So I draw my line here.
First.
And I'm like,
OK,
What can I know about this area?
OK.
Yes,
George in it.
In a downward movement,
you draw the bottom teeth you see how price is moving upwards here.
As price is moving upwards,
you draw the tops.
If the last immediate trend,
if its moving downwards,
you group,
you draw the bottoms?
Does that make sense?
I won't will do more examples.
Don't worry all right now.
So I draw my line here As I see,
this,
potential diverges because I don't know,
though,
that did the statistics is gonna cross or not.
I don't know if it's going to do that.
All I know all all I can assume,
as maybe the market continues going along,
and then it's no longer a opposite.
You know,
so I draw my line here and like what is so significant about this area and then a cheque.
Okay,
so I draw my range rate,
I take this area.
Maybe I take the tale also,
and I start refining by looking in the past.
I go back and I'm like,
OK,
We have a big candle coming out of here.
We have a big camel coming out of here,
we have resistance.
Let's take it a little bit lower.
So we can cover the bodies.
OK,
we have resistance.
We have support.
let's go further back.
Ah,
OK,
so we have support again.
We have a big scandal.
break again.
OK,
interesting.
Let's go further back.
Go and go,
and we're going.
Where are we going to end up?
Now the next question you guys are going to ask me,
How far do you look back and I get this question a lot.
It's up to you.
Until it takes you to satisfy yourself.
A big camel breeches here they cannot bridge here.
Markets halt right here.
Mark is hauled above or below,
but during this period you have become always remember.
A big camel Bridge indicates a strong level has been broken.
OK,
let's go further back if you want.
OK,
take a look at this complete support.
We're going all the way to sixteenth of November.
Yeah,
until three rules written when you will have three rows,
your good knowing that you have support,
you have resistance.
You have a big scandal break and you're up in twenty eight November,
so this level has been holding all the way back from last year.
No,
it's not that it's not really magic,
but that's it.
If you come back down to the current current area and you're like okay.
This is my area I want to sell from.
So we took a cell.
And the markets are now headed short.
Everyone with me so far,
everyone understand this concept.
Okay,
so.
Now always remember one thing.
When you're doing this on a certain currency pairs.
Try to do them all,
all three time frames.
When I say all three time frames is.
If you prefer a fifteen minute guy.
Do it fifteen,
thirty and one hour,
If you are one hour person,
do it one hour for hours and daily.
In this particular case,
the four hour says short ask for the divergence.
There are opposite.
We take a look at the.
Let's take a look at the daily.
Do we have any sort of information on the daily?
But even then you can check out the video again.
Maybe that will help you if you watch it a couple of times.
Markets are going down if we draw down train here and we draw down friend here it's the same right are indicator and information is saying the same thing.
OK.
So.
Basically.
Our daily chart has nothing confusing are for our charts,
have opposite information.
Our one hour charts.
Currently has nothing but take a look at this.
We have a bottom here right.
Kumar,
a one hour and above,
is my preference.
We have a bottom here.
Do you think we might have a possible breach?
Hey,
it's possible.
The indicator goes below this area.
That means we've gone below our previous low,
but on price look how far the previous law is.
How far is that low?
That's like forty six tips away.
It's already dropped what forty five tips that's another.
Forty six pips were to drop today seems unlikely if that okay there,
we go and take a look at this next candle.
Just open right,
You see this.
Do we have a divergence now are an opposite.
We have a breach life in front of us.
Everyone can see it now.
Okay,
now,
what is the next thing we do?
Now that we see this bridge,
what is the next thing that we do?
Check support and resistance,
very good COP.
As a king or come which when I'm sorry,
if I'm saying it wrong.
All right,
salt.
I draw my first line here.
If I'm saying it wrong,
honor this correctly.
Alright,
I dropped my first language.
I'm like thing,
I wonder.
What is this area?
Do you think the market is going to stop here?
I don't know.
Well,
let's check.
We have some resistance,
we have a big handle break.
so we have this piece of information.
What about our support?
Okay,
so now in the main room of his bottom line.
Sorry.
Okay,
we can refine this a little bit.
Let's bring this a little bit higher here and we need to get our bottom area too.
Now we're covering a lot of ground.
See here.
Hello will now we're covering a lot of ground you see here we have a big camel.
break big camels coming out of this area.
Ah,
that's OK.
Well,
we're recording,
That's a lot to worry you.
So you see a lot of level of resistance here.
That's covered.
Resistance resistance,
big cambrics Again,
let's go further back.
Support.
Take a look how well this supports holding this whole time.
OK,
our way out,
but to support a little bit smoother down a little bit.
And let's see if this is the this is our little range here.
Okay.
It looks a little bit more messy like this,
but I'm going to move it back to where it was.
OK,
this seems to be my ideal spot.
Ah,
ah,
lorax,
yes,
this is going to be on Youtube in the next thirty or so hours.
It'll be on Youtube.
And yet if you're watching this on you to please like the video and comment and share your feedback.
okay!
So we have support.
we have resistance and not to mention we have a big scandal.
Breaks.
This area falls again and again and again in the past and the future of none in the future as of yet.
But as Erik just keep holding and breaks by a big area of the candle salt.
My initial thought process is this is the area.
Then I'm expecting the market to go long from.
Does everyone see how I came to this conclusion?
So that means my current short that I have running.
I'm going to have to go ahead and close.
Because I'm getting a a mixed piece of sentiments around this area where I don't,
I don't see the short continuing very long.
I look at my four hours.
You know,
the four hours is still going short.
It could be another candle or two.
And if that's the case,
we need to find another area below.
if this area happens to breach,
but as of right now in this area,
looks like I had a lot of stroke,
because look how much market is contained here.
OK.
So.
That's our immediate reaction now.
That's that.
It would just closed one trade.
Now I think you were still a CAD.
It was a kid that we had a different scenario.
All right.
Let's take a look at another pair to see if we have any other information.
Let's see he was still a CAD.
Well,
look at the pound.
OK,
let's take a look at the pound.
Pound.
It's currently short right.
This was the last short area.
The current market is also low,
so it's on a downward movement,
so you want to connect your lows?
From here to here.
OK,
but you have the same thing.
you don't have opposite situation here.
You have a low to a further low.
You don't have an opposite scenario.
You need to have an opposite scenario first,
then,
the next thing you want to do is you want to make sure you pick the right support and resistance.
Once that happens.
And the way to do that is to confirm that your support resistance arm satisfied those three criteria resistance support at a big scandal brake.
OK,
I believe one of the guys said you guys want to do U.
S dollar.
Japanese yen.
Let's take a look at the use of a Japanese man has put onto the one hour.
Let's do a little black chart that I think Lisa,
you wanted it in a little bit darker.
Okay,
so let's take a look was in soroti.
Indicator.
Aragon.
Do we possibly have a breach happening right now?
And see,
we have are high.
We do the possible high here.
We had.
We need a candle to go slightly higher,
to give us our bridge,
a proper bridge that will say it's now saying opposite scenarios.
Let's check the four hours to see what it.
What is a higher time for him,
telling us.
OK,
any indications of the higher timeframe ran a downward movement.
When you're in a downward movement,
you connect your lows.
If you connect your loes,
you have a higher level,
and if you do the same thing here,
you have a higher law.
No,
nothing really is same opposite.
Let's check daily to get an idea from a longer term side.
Same scenario in the markets are an uptrend and this one is pretty much sideways or slightly up.
It doesn't.
If the area you would have to start drawing right to see that which area matches up.
OK,
if you draw a,
for example,
this area as their support resistance,
you need to check in the past to see.
Does this area hold true in that passed in the fourteenth February thirteen February?
Yes,
they candle brake on Fifteen.
OK,
and I'll be camel breaks over here.
Ok,
they cannot break here.
OK,
So so far we have resistance and big cannot break.
We're looking for support.
And then we have some whipsaw here.
So chances are this might not be a good area.
It has some strength,
but not the ideal strength.
OK.
So another thing is,
whenever you are in doubt.
Don't try,
and that's the rule of thumb.
When I ran down.
Don't try.
And you can see,
probably as the candles move your divergent thinking,
while also I mean you're indicator will also move as your price moves.
so it's very important that you make sure that it's a very clear opposite.
OK,
When I think clear,
he needs to stick out to a point where you like for it not to be clear.
The price has to move a lot.
OK,
same scenario that we had with Euro University.
OK.
All right,
so now anyone pick a pair.
we're going to work on a particular pair that you guys pick.
We just did pound will.
Euro Yen.
Because let's take a look at your ruin.
And a pound yen.
Okay,
so we'll look at European and Columbia.
Okay.
I'm going to start with one hour.
How do you define a big scandal now?
The big candle has to be more than the average candle,
for example.
Is this a big camp outside?
Hassan.
Is this a big scandal?
Now the reason why you say no without even looking at the amount of pips is because you are comparing the size to the nearby candles.
Right,
you do the same thing.
when you're looking for a big handle,
you compare the size to the nearby candles and see.
Is it a big scandal or not?
So,
for example,
these trades these candles,
there are all small candles.
OK,
this would be considered a big handle.
This is considered a big scandal.
I'm in the wind.
I thought the price has to move first before indicator moves.
What makes indicator to move and price lags behind,
so that divers informs well,
maybe you can have and vice versa.
You know,
when you have the opposite or a divergence scenario you can either have the price is lagging.
We can have the indicators lagging.
This is just indicating others.
There is a shift in direction coming up.
It's another way of saying the market is oversold or overbought.
That's it.
But it's more like towards a price action technique because you're not really using the indicators.
Original methods of buy and sell.
All right now I'm sorry we were doing in euro yen.
Let's take a look at the current market situations.
Another thing to look at is make sure when you're doing your own.
Opposite training.
Make sure you have at least something that is almost near the over overbought oversold area.
You know,
if you're trading from the movements that are within this area,
the chances are that the divergence is going to be weak.
So try to treat them and try to get the divergence as far out as possible,
the ones that are near the oversold or near the overbought.
And you never helps you get a get a better direction.
OK,
current market conditions,
it's going downwards,
so we want to connect our highs.
OK,
our tops that you want to call them.
It's this way.
Same thing here In this way,
nothing really changes.
OK,
moving forward for hours.
Let's take a look.
Tops straight.
Tops down not opposite.
Make sure you have a clear opposite when you want to do this moving.
I see a divergence on euro pound Now.
OK,
let's take a look at European.
If there is a clear example.
Let's see euro pound.
Let the chart load up one moment.
Oh,
in the daily chart,
OK.
Okay,
well,
forget the daily chart.
We have something here,
also on the one or two word.
Take a look at this.
The markets are in an upward movement.
Marquez went long.
We're going to connect our eyes.
Okay.
We had our bridge when it went long.
Hair markets closed to draw a line here.
OK,
so the daily chart tells you short that's the long term movement.
longterm movement tells you.
Short.
I'm sorry the one hour I decided.
This is the one archer,
but one are taught Shark tells you short,
Let's move on to the four hours.
Let the slaughter given a moment.
sorry.
Here we go.
Okay.
No specific divergence on now on the four hours.
OK,
it's an upward movement.
Markets are also going upward on the indicators.
Nothing really fancy there.
Moving out to finally onto the daily chart.
Pistole is there a setting that can help to tell the number of trips to take note?
This is something you need to understand,
using support and resistance.
Where is the area for exit?
Can we just look that European right?
OK,
I'll take a look at the Uruguayan one more time,
if you guys want,
but let us lower.
at one moment,
we'll take a look at Paladin as well.
Sorry.
So after this,
we'll look at pound yen and then back at your origin.
Okay,
now this is loaded.
I'll take a look at this.
Okay,
we had our bridge just now.
On the current candle.
And in this particular scenario.
We don't have that situation situation here now.
The indicator has to go higher than this high.
For it not to be a opposite or divergence,
we need to find out what is it about this area that tells you short the one I was telling you short as well.
So as the Daily,
what is it about this area?
Let's check.
Is there any anything that comes in from the past?
Okay,
we have some pieces of information that's draw lines.
Where is the current price?
OK,
the price is right up there.
Okay,
So around this price,
we want to look for an area.
Where does the markets are touching?
Okay,
we see,
there's a lot of resistance here.
A big chunk of mess around this area lots of supporting resistance.
OK,
so lets you really find this OK.
That we want to monitor in this area,
you find the best one.
OK.
Let me let me draw areas here so you guys can get an idea.
It would have scroll back from here and see what is actually contained in this area.
OK,
well,
for one.
For starters,
we have this.
Very good area,
let's go further back.
So let me use the flow chart.
Sorry.
Okay.
This is the area that we were drawing everything from ray.
We have our top line.
we have our bottom line.
We really find it a little bit more okay,
there we go.
now we have a little bit.
Strict containment.
Of price and markets remember these big canals breaking through the spine.
The camels are welcome.
OK,
but we have the certain amount of market being contained here.
So this is the area.
Where were possibly seeing a turnaround from markers can possibly go short somewhere around here.
Turn around and go along into our next area,
which is up here,
where you will see the drop happen on a longer term frame,
a lot longer time frame,
which then the drop might come down to probably somewhere around here.
The vineyards there are divergence and proper super resistance than on Swiss franc market.
Okay,
after this one,
we do pound yen.
Sorry.
We just take a look at this little quick,
OK.
Yes,
we do.
Take a look at this area.
We have a low.
We have a bridge.
We have a low.
We don't have a bridge.
OK,
since the markets were going down,
you connect your lows.
When the breach happened,
the market was going down to you.
Connect your lows.
You do the same thing here.
At that time,
them.
Indicator should have been here somewhere totally opposite.
So you're like OK,
somewhere around here.
The markets are gonna go along.
Where is your question?
You start drawing your lines and you start looking back to test,
say,
where in the world is this area?
Now,
OK,
so you take a look at this area like home.
Can we have some strong levels of resistance?
Big scandal breaks perfect.
OK,
can we draw our upper ranch akil destroyed.
Let's get this upper range here as well.
OK,
now where we're defining an area.
OK,
let's go further back.
Well,
what do you know to go further back?
Boom support and resistance contained.
OK.
I'm not making the stuff up,
it's just natural support and resistance is is simply the way to do it.
Take a look market tends to repeat itself again and again and again.
You see so this level is clearly a strong level.
Right?
Big camels breaking through perfect,
we want the candles to break through.
A big scandal is a representation that this is a strong level.
Work is contained.
Okay,
so coming back down to the current price.
we're like OK.
Around this area is my area to possibly go along in the zone.
As the markets go along here,
you place your trade to go along and the markets are currently locked now at the same time.
What is the trend of?
I'll take a look at eighteenth February.
The market goes up,
then down,
then sideways.
You're a U.
S D.
Eighteenth February,
where is mine?
It goes down,
then,
up,
then sideways,
isn't doing the complete opposite thing.
Do we have correlation?
Okay,
example.
Swiss franc usually does everything opposite of your university.
Swiss franc,
on eighteenth of February goes up then down,
then sideways Euro U.
S D.
It goes down,
then,
up then sideways.
It's doing the exact opposite now,
having this said,
If you look at today's market.
If you look at today's market up sideways down.
Swiss franc.
Down sidelined up'.
Not to mention our divergences for both strategies occurred at the same time.
For both currency pairs,
sorry.
You see that difference.
You see that Jane sorry.
You will use to give you and diversions or opposite.
Telling his short Swiss franc gave you one at the same time,
telling you long.
Now you have three levels of confirmation you have your opposite,
you have your support resistance and you have correlation.
Things are lining up.
And Mark is removing the chances are if you'd probably look at in the hot on a higher time,
phrases are promising the same thing.
Also take a look at the higher time frame.
K Marcus was going down.
We have a low here,
so when you're going downwards,
market lows.
Well,
let's mark our logos.
Opposite.
Oh,
yes.
You draw your zones,
you contain the market,
you have your area.
This is a perfect way to practice your support and resistance whenever you have a divergence or opposite coming up,
draw your support resistance.
Within days very quickly,
you will know which area of support resistance is strong.
Buy a good trade,
any battery you'll understand very quickly.
And you'll start to draw them better and better and better.
So guys repeat going over this thing.
What are the three things for support and resistance?
I'll be no,
yes,
you can do that as well.
OK,
for example,
I did this on the four hour.
I draw these zones right.
If I go down to the one hour.
Take a look,
it makes more sense because you're like OK,
there's whole bunch of tails coming into this area.
OK.
What is nearby on Hassan,
its nearby?
It's close enough.
Which is better confirm the divergence empty or support resistance support resistance.
Obviously MP is an indicator,
unlike indicators.
This is a very powerful thing understanding your levels,
where the markets will halt cuz remember,
forget the traditional methods of doing it,
and you know the traditional letters are really outdated and it's like from the stone age.
The reality is,
you need to look for these three things,
a level that's been used with support,
a level that's been used with resistance and a level that's been broken by a big candle,
which indicates a strong.
A strong brick,
a strong level has been broken.
The hawrami thing moving.
What is it?
I've been an MP can't work alone and marked Seoul.
Would you then addressed the final issue of timing the entry?
OK,
when you have your divergence,
the moment you hide her diversions.
You start plotting and looking for your nearby support resistance.
and you see if that is the ideal area,
something we did here on your university.
What we did was we drew it on the four hour charts we had our we had our divergence.
clear divergence.
And then we started plotting our levels of support resistance.
so once it happened,
we drew our lines.
Will I come?
What is this area?
OK?
We had clear levels of resistance and clear levels of support.
And big scandal breaks added everything that we wanted was right here.
A perfect spot for us to take a short.
At which we did what you guys saw a few clothes in front of you.
Candlestick patterns,
bullish hawrami bears hawrami digit or no.
No,
no,
I don't.
They're all pretty much the same thing.
It's added.
So,
yeah,
it's eight thirty pm,
my time now,
it's seven thirty m New York City time any lastminute questions.
I can go through a few more or less many questions for five more minutes,
and then we will close.
The women are.
Kilimanjaro,
what is hidden divergence now there's a difference between hidden and regular diversions.
Anal at one is where ah,
the price the price is the one that did the bridge in this particular case,
what who did the breach hair?
The indicator went higher than the previous high,
not the price.
and there is one where the indicator does a bridge,
and then the other one is worth the price.
Does the bridge and not the index here?
That's the difference.
And there's other ways where people actually the price goes lower high,
but then they draw the bottom.
yet it was nonsense like that.
Also.
so just think of them as opposite.
The moment you have opposite price is going to change directions.
Does this strategy to work on gold as domestics and support resistance?
Yes,
try them out,
in fact,
that I would like to know for those of you who would like to practise this practice.
this on now.
Sorry,
the mayor,
practice this on our arm.
We have a page.
If you actually go to the group's just click on view,
all groups.
And?
Where to go,
there is support and resistance.
You can post all your trains here.
You know where we have a bunch of people who are going to be responding and helping you out with this,
and we have tons of trades and stuff like that,
and they're as an example salt.
Go ahead and use them and post your trades will help you out with it.
In case we do see any errors or anything like that.
Oh,
yes,
five Twitter.
Yet standard.
Last question,
do you hungry?
Yes,
I am hungry.
It is my time you know whenever it's time for me to leave the left near her.
Food is my answer.
You're very welcome guys.
Are you guys?
It was great to see you all and welcome to all your new members were who have just joined the community.
I hope you enjoy the community.
If there's any questions message me personally,
it's fine.
I use the discussion boards.
Everyone is there to help you out.
If you need anything,
I will help you as fast as I can as I get to the emails myself.
So.
Good luck,
everybody,
and I will see you tomorrow.
We have another webinars for Willy on supply and demand,
so I will see you.
Many of you guys are tomorrow.
Thanks guys,
have a good night and thank you.
I will enjoy the dinner.
Thanks.
By now.