all right good morning everybody good morning good morning good evening good
afternoon how's everyone doing hey Mark
good good they're like 47 people in here we are 13
minutes past schedule but we can run it over by 13 minutes also that's fine we
are going to discuss divergence today we're going to do a recap of all the
divergence postings that we have done since the previous session going into
the upcoming excuse me okay just give me a moment while this loads up here all
right yeah how are you guys liking the apps are you guys do you guys like the
apps that we've put up on Android and well let me just restart this I think
okay yeah just one request for those of you who download the apps please please
help us rate the apps and those of you have already rated the apps thank you so
much is the audio clear you guys want me to
make the microphone louder or softer
latter please okay
okay so yeah we have the divergence one up and running let me see where here we
go if you just click on the divergence I'm sorry that's the supply and demand
group if you click on the divergence group you'll see all the information in
there and how you can get get it on your mobile app so we're going to go through
some of the stuff that we had discussed now let's begin here
all right you start CAD for hours on July 16th ok I'm going to go through
some of these postings and the ones prior to this sunshine if you are in the
room again we thank you for all your work that you've given us a Chinese and
training with us with the divergence part and she's doing doing a superb job
so let's take a look here so what do we have
ok a newest AutoCAD on the four-hour chart she spotted this divergence okay
let's look into it where is my us AutoCAD here we go for our charts is
bringing divergence
okay
okay she spotted this change here she's taken from this area to this area and
using the same thing from here to here
okay now when you see when when you see something like this how many guys
actually took this trade or we're able to use this in your trading system or
strategy I see there's a lot of Commons saw on that post okay
sunshine you took it okay how did that end up going okay what I want you guys
to do is as you guys follow the stead of urgent thing of course there's going to
be postings by sunshine herself and many others who like to participate in this
what I want you guys to experience is how exactly it turns does it turn the
moment it shows it or does it turn a bit later okay
sunshine you're still running at 38 pits okay good good
okay Ronald I sell early today okay okay so this trade pretty much worked up now
let's take a look at some of the other postings okay the other postings were a
little bit older before this group was made so let's get those there in the
forums
okay what I do have since our last webinar okay New Zealand dollar Japanese
yen we had a daily divergence take a look
here okay on New Zealand dollar Japanese yen we had this miniature divergence
that we saw that was forming up okay um we want to call this opposites for the
sake of any of those who are new for anyone kneeling here that does not know
divergence or how it works anybody need a recap or anything or I
can simply give you the link if you guys want it you guys can review it on your
own time okay um um push okay let me do this let me just give you guys the link
in case anyone is new
okay here we go
okay I'm posting it in the room okay if you go through this page there's a video
there that was our previous webinar also those of you who are watching probably
this video on YouTube if you have your annotations turned on towards the end of
the videos you will see a link that takes you to our previous videos the
basics and stuff like that okay so I'm going back to the other one that we had
we got New Zealand dollar Japanese yen on the daily side let's take a look at
that one what do we have on New Zealand dollar Japanese yen
okay kneeling in daily charts okay okay we had this formation going on now how
do you look at this how do you look at it and we had obviously we saw opposites
going on and while from this area the mark is kept going higher and higher and
higher while your indicator not it's not the same thing it kept going lower lower
and lower you know when we draw our horizontal trend line we see price
breaks that okay if we draw a horizontal trend line from where it started here on
the indicator it never breaks it so when was the moment that it actually broke
it's right here this is when people start to first see divergence taking
place okay then look at this they move forward into the next day a red candle
appears everybody sells okay it continues to go north it has to take
them up from the moment you actually first start to spot it it took four days
four business days before it actually turned okay for those of you who trade
supply and demand this is your supply area
okay we also have a group for this now you can see how strong this is you know
when you have a supply area up here you're looking for a sale area here and
you get a confluence saying that hey my divergence occurred right over here but
of course we can't sell right now this is where everyone is selling we need
them to get taken out first okay this is the 80 percent selling right here let
them sell as it goes north it takes them all out it also uses supply level and
boom it drops okay so it was a nice conjunction but just looking at
divergence you need to understand that divergence by itself okay it it's a
great tool to understand that markets are going to reverse but never look at
it that the moment you see it it's going to reverse then it's not like that it's
not like that okay take a look at some more of the postings that we're done
okay so New Zealand Japanese yen worked out just fine let's take a look at some
of the other ones by sunshine okay we had gold divergence on for our let's
take a look at that one
okay let me open up my chart to gold
alright here we go gold divergence this is four hours
okay let's see what we got okay Hasan question is so how to take a trade
on divergence ok we'll we'll go over that we'll go over that ok so on gold
sunshine had indicated that we have this area of opposites around 112 84 95 okay
price was at 1280 495 where is that on what day 1280 495 okay it's in that
range it is in my charts that are different okay this is around 11th of
July okay indicator is going downwards prices
rising upwards now I'm going to do the horizontal thing to show you guys where
it actually first broke and where people started selling okay all right let's
take a look is around 11th of July okay right around here okay this is what she
had drawn right here and this is what was happening right around here so what
happened the moment she took this image at that very moment was it true that
there was a divergence or that there was opposite
okay it's true right we all see that at that moment when when she had taken the
image it still said yes this is the area where we're expecting the markets to
reverse but did it reverse over there
okay so this is what you guys need to understand that when you back test all
the stuff it looks really pretty and rosy because now when you look at this
with all the information I would never draw my line like that I would draw my
line like this but that's not the reality
you know most mentors gurus tell you that look this is how it works but
that's not the case in real markets you will end up seeing stuff like this
anything even like this you'll be like well there is an opposite right there
and people will start selling obviously they will start selling they'll black
well there's an opposite price is going to turn and that's when the selling
begins when the reality is when the selling begins a strong pressure comes
in to take out all those sellers first
okay market moves further north where it sells later okay so you'd have to
combine this into your trading system or your trading strategy no matter what
you're trading it's okay you can add this into your trading style and it can
be a good assistance okay okay sir it happened to me last night
with a J and J and G a and G n okay yeah yeah it's it's a it's always like this
the experience that people have when they do this with reality scares them
they make a loss and then end up quitting from divergence but it's
actually a very good resource okay can you check a bigger timeframe of course
of course let's go on to the let me let me draw this area once again
and let's go to the next time frame okay there's no nothing here it's in an
uptrend and so is this isn't an uptrend as well sorry right here and so is your
indicator so there nothing on the higher higher time frame okay um Eagle is there
a general rule when to enter well if you actually if you actually put this
together with supply and demand this can be quite useful we have a group for
supply and demand also it's on the main page so you guys can join that we also
have the app available for it there's gonna be live updates on there as well
now if you mix these together it can be quite good it will help you with your
entries and stuff like that okay let's take a look at some other posts we'll
look at current markets in a bit let's recap all these first because many
people what they'll do is they'll go through these postings and they might
have some questions and I want I want to go over all of them first
okay so that was gold divergence for our it wasn't the best trade but it did end
up going short temporarily okay Aussie dollar and daily let's take a look on
what we have on Aussie dollar daily
okay here's Aussie dollar daily okay what do we have here 27th of June to 9th
of July okay this is what was spotted
okay now let's take a look how many of you guys took this one I didn't I mean
can you draw a vertical line where entry would be short short short okay Hugo
Jensen you took that one okay sunshine you took that one as well
excellent excellent g10 what is the entry criteria on
divergence okay well we'll go over that we'll go to that
let me go through this example let's actually do that in this one okay so
first things first that will help you always understand this is when did the
divergence actually occur okay Hugo you close up for 45 pips for this okay great
great when does the divergence actually occur
okay draw your horizontal line from where you begin did the price ever
breach this okay let's figure out whether the opposite actually took place
okay prices never cross the slide let's do the same thing horizontal line from
where we begin on the indicator okay where you officially see the break
happening is here it's literally on this candle it's in this area at the moment
the next candle opens as red that's where the selling begins well if that's
where people are selling where are their stops above the red candle above your
recent high right markets go along take them out drops okay
now you can mix this with a various number of things now always rel is
remember one concept okay with education comes the ability to analyze okay always
remember that with education comes the ability to analyze now is the market
same every single day okay next question ask yourself is I trade the same every
single time okay finally third question do you have the same set up every single
time okay so what happens is when you learn a trading system you're you go
through a checklist I must have a I must have B and I must have C if that's not
there I obviously leave it alone and what most people have is that a B and C
if it doesn't match I don't trade but the ability to say that there is no C
but there was a D are you able to have the market do something different and
tell you that aha okay now in in this area do you see a supply level for those
of you who trade supply and demand there is no supply level here okay there is no
supply level there but it's the ability to look past that and say well we are
creating a slowdown in the market because I know when there's there is
hats or wicks on top this big is giving me pressure for a sell side so it's the
ability to analyze based on situation so education is very important okay does
that make sense guys so the more you learn the more you'll be able to analyze
situations at the moment do you need to it's it's not building blocks where a
plus B plus C is equal to that no if it was that easy everybody would be doing
that you can create robots for that you can create automatic systems right okay
so moving forward let's take a look at the next example and those of you go who
guys asked me about entry criterias I hope that answers your question
okay we'll also go through it again on the next example right now all right
what else do we have okay we have aussie-dollar
divergence on 14th of July is that different one okay it looks like it's
really miniature Aussie dollar daily divergence on 15th of July okay this was
just basically moving forward ah mark Sanders what you're saying is wait and
confirmed absolutely absolutely don't don't be in a rush to trade don't
be in a rush to trade those who rush tell me only one thing is that they need
the money and if you need the money and you and you trade with that kind of
attitude it's going to be tough you need to have patience you need to have
patience okay
all right so what do we have on this one we got Aussie dollar US dollar we have
this lows going lower but your indicator is going higher okay we don't have a
cross here yet but we got to see let's take a look at what actually happened
daily charts this is going from 8th of July to 12th of July approximately okay
daily charts I'll do dollar it was okay where is that okay this is when the drop
happened okay so boom boom boom this is what you had
drawn right here and this is what was actually happening on the indicator okay
let's take a look right there price actually crossed right here first okay
if you draw your horizontal line here no cross there okay once you cross everyone
is buying here don't worry about it and this particular one those were buying
they got it leave it alone okay it's best to leave these ones alone okay now
moving forward you always have to wait for the what's the right way to say for
the majority of the traders to be taken up make that a rule of thumb I don't
enter until I see someone get taken up it's like you're learning from someone
else's mistake almost kind of cool actually you don't have to go through it
okay just give me a moment I don't know why
my page is slow
okay okay Aussie dollar Japanese yen on the 15th
let's see what we got Aussie dollar Japanese yen on the 15th okay we have
from 20th of June to 12 of July the stink forming let's take a look this is
the thing that's going coming up and this is what what sunshine had seen here
okay when is the first time this was visible draw a horizontal line and you
guys can see the first time this was visible is here which means this candle
people will go long the next candle assuming that there's
tails on the bottom I'm going to go along on this candle going long creates
a very very bearish candle take them all out and then it goes long after that now
let me guys let me ask you a question on this how would you guys be able to spot
this right here for a by Alberto yes this is recorded all the webinars from
here or not should be recorded okay how would you be able to spot that this is
the area for a buyer you know that people are being taken out you see that
happening what makes you think that now is the moment to buy what indication do
you get okay support and resistance all right that's one way to look at it we've
got a level of supporting resistance coming up
okay MACD up okay can we go onto a smaller time frame to take a look at
what's going on let's move to one time frame lower we're on the four hour time
frame now and let's squeeze this a little bit okay crossover on statistics
okay this is what we see this is what we had drawn on the daily and on the four
hours what do you see on the four hours right before it turns take a look at
this
isn't that is that not an opposite inside of an opposite okay so on your
indicator you see price moving upwards on this four hour time frame
okay let's should we change the color so let me remove these big lines you have
you guys get an idea where what we're doing here now okay we have the lines
going up I'm sorry that's seeing this for you guys yes proper view okay we
have the lines going up here and our prices on the other hand not saying the
same thing it's a strongly downward motion when did this actually occur well
what do you know it started doing this stuff long long time ago okay it started
going short and then short and then short because price kept breaking it's a
trend let if you want to dry your horizontal line it kept breaking just
keep going short and short and short and short and short okay now it kept going
short all we know is that how long will it go short well it needs to turn
sometimes right but on the daily chart you cannot short the first candle that
you first observe it okay you first observed it on this red candle you're
like I'm not going to short here there's no way next candle comes along and
you're like my four hour has been going short and short and short and it hasn't
turned around okay the moment this candle closes your four hour has your
information that it's dropped its consolidated and it started to turn take
a look at how this red candle opens up the next day or in the next candle
okay so the markets you get to see all the stuff unfold in front of your hands
and in front of your eyes the problem is that most people when
they when they look at all this information is they look they put their
entire focus right here and in that time frame only they're unable to switch time
frame look at a correlating pair understand what's the big picture that's
the key to forex training is take your view out of what you see visually in
front of your eyes and mix and match and see what is actually going on and it's
quite easy it's not that difficult people just assume it's difficult you
know because it seems like there's a lot of work it's not it's just more steps
that's all okay let's move on to the next one okay everyone get this one
Aussie dollar Japanese yen okay this was a little bit tougher one to take but
that's okay okay New Zealand dollar Japanese yen daily diversion same place
okay New Zealand dollar Japanese yen correlates very very well with Aussie
dollar Japanese yen now let's take a look at that okay this was a daily chart
swear sunshine had spotted this okay how's the image look going in from 20th
of June to 12th of July same areas okay 22 into 12th of July markets going lower
prices going higher and we have our opposite in place one is the first time
we see this actually occur right here when it crosses the first time which is
this candle okay now for those of you who had seen my
webinars on this what does a candle with a wick indicate with a tail sorry okay
when you when you look at a tail this big okay right here what does that tell
you yes always just think pressure there's pressure there okay which side
is the pressure on this candle uh what this is telling you the candle came down
as far as here and that's when the buyer is kicked in and said out of my face
we're going north and they pushed and they push back hard how about over here
do you think there's any sellers in this candle no you can clearly see the buyers
are in control how about here when you look at the next
candle look at the tail on the bottom the market came down to here and the
buyers kicked in again and said out of my face we're going north this is why
the trend resumes the markets go strongly north again okay if it goes
north north north till this point where then crashes okay but many times you'll
start getting indications that the market is at a slowdown okay when you
have formations let's see where can I show you a good
example where are my candles and wicks this is this is how exhaustion candles
pretty much work the ones that we discussed in our other webinars look at
this markets are strongly north right and then after that a slow down a slow
down and then a candle with a big tail on top or a big hat if you want to call
it it's telling you that the sellers are
putting pressure here this buyer that came in so strongly is now facing these
guys that is slowing down the market and in the next candle with the buyers try
to push again and the sellers like okay that's it what I've been here same story
right mark is going along look into the Hat on top not so big how about here
it's bigger telling you okay there's seller somewhere here market slows down
slows down sellers in control so over here you're basically seeing a
candlestick a tail giving you a little bit of a story saying that we're
starting to get some pressure okay what did your Aussie dollar Japanese yen show
you at that area also we're starting to get some pressure is it a lot of
pressure no this is the reason why the next candle is able to surpass it but we
do know that there's pressure so you should start automatically assuming is
that this is not going to the next candle is not going to go short for 500
pips it's somewhere around here that the buyers are going to be back in control
it should start giving you bells and whistles okay take a look here even if
you see this areas like this strongly short what happens afterwards this sort
of indication tells you that the buyers are pushing the buyers are pushing okay
all right moving forward let's take a look at so we didn't use Zealand dollar
Japanese yen let's take a look at what else a bit
we've got gold on the 15th for hours diversions let's take a look gold 15 for
hours I'm sorry okay price is going down indicators going up
this is on 15th of July
okay Gold play tricks okay okay that's okay let's take a look at this what do
we have in terms of prices okay as of right now it looks flat and indicator
short okay telling you that there is some opposite there but not too much not
too much it's not something that you can rely on okay so at moments like these
when you have a little bit of doubt that should I do this or should I not just
leave it alone even though that you see that this one worked out just leave it
alone don't mess with it okay it needs to come to a point where it looks at you
and you're like of course okay you shouldn't be thinking well Navin said
that if this happens no you shouldn't have that kind of questioning in your
brain going on you should be like oh of course I know this I've seen this before
boom okay you should have that kind of content and that's the only time you
take a trade otherwise no okay when you look to the left you're saying okay
let's take a look there's another one here that you're saying okay Andre is
this the one you're talking about
yeah oh the one prior to that okay the one prior to that also is pretty good it
was a temporary one but pretty decent it's the same one that we discussed on
the other pair I don't know which pair was but remember that we said that the
gap that had moved up and how the first area was here and it went much much
longer it looks exactly the same okay the steeper the slopes higher the odds
um no not necessarily not necessarily
okay when you have their versions all our opposite all you're seeing is priced
to change direction it does not mean it's going to change direction make a
home run it just means you're gonna have a change in direction okay isn't there a
divergence forming now yeah but how do I know it's Deborah just now that if I if
I do this way right well like yes of course there is a divergence now but
look at the indicator it hasn't ended you need this to close you need this to
cross and go north that's when we say okay we have we can connect this but
this is still running so we don't know if we can connect this right now or not
so try to connect only where you have crosses like from here to here you see
that there's a cross here and there's a cross here so put your focus on the
cross is not just without it now let's take a look at some upcoming patterns so
that way you guys before we come into this webinar in a week or two weeks from
now you guys can look at some examples so you guys can look at on your own
charts and the Veen is there any point in looking for divergences in arranged
bond market no no point no point at all okay trading divergences right here at
what time frame one should look at divergences of the higher the timeframe
the better I personally prefer a one-hour and above okay
personal favorites are for hours okay about an hour ago
sunshine had posted this image here on euro yen for hours that was in play
right now okay take a look at this okay when is the first time that you see this
happening it's on the current candle it's alright it's on the previous candle
now do I enter a cell on on the current candle that is running right now no what
other information can you tell me by looking at this what does the previous
candle tell me
okay we see the strong up but we also see there's there is this wick on top
okay which means there is some pressure but not much okay because the candle is
so strong the candle is bigger than the wick on top which is telling you the
buyers still have a little bit more control than the seller so right now
looks like we're in the struggle now let's take a look at this in one
timeframe lower see what this is trying to tell us I'm at one time frame lower
okay so where are we right now on this one time frame lower well if you look at
it immediately boom and same area here boom okay this is what we see that's
going on right now so we see this little struggle here now the markets are
struggling here is flowing down and everything like is this the area - so
okay okay so on your four hours you've seen that we don't want to sell on the
first candle that's for sure when we first see it okay we're in the next
candle right now where we're assuming that there is still some strength left
to go north a little bit more but if you look at on the 1-hour how much is a
little bit more what about this exhaustion up here okay
could it be we're going to go sideways and then drop it's very possible because
we have an exhaustion on top and on bottom indicating a range-bound market
okay so again coming back to the original thing is your ability with your
education and your experience that you keep adding on by looking at your chart
you're able to understand do why am i looking for always supply and demand
around this or am I always looking for a certain type of candle pattern or can I
adjust to what I see and then I make my expectations
accordingly of course it must meet your expectations okay but your ability to
change your expectations when you see something it's good because you're
adapting okay it will come and test and then Ben is talking today at 10 a.m.
okay so keep an eye on this one so let's take a look at what else do we have what
currency pair did you guys want me to look at we've got five more minutes in
probably ten more minutes here let's take a look at some other currency pairs
so we start with our the basics Europe you guys want to see you saw Japanese
yen okay we start with euro go into your store Japanese yen okay what time frame
you guys want me to look at I guess it's not this one it's going to be four hours
one hour
okay do you see any divergence or anything opposite here
okay take a look at this you go from here to here you have a downward
movement and from here to here downward movement nothing there okay
it's limping right it's limping we have nothing there
we have nothing so let's move on to your cellar Japanese yen wheres you so jumpy
and here we go yeah when you have doubt just don't take it if you even if it's a
little bit closed just glitch I don't want to deal with it you know all right
now take a look at your cellar Japanese yen what do we have here
okay we look at this trade earlier boom boom okay see how the markets sang the
opposite thing with the indicator whereas the first area this happened
it first started crossing right here which is right here okay on this candle
you are seeing a slowdown coming up in your cells because the tails sorry next
candle opens up a little bit more pressure exhaustion and the markets
going north okay you want to check this with the smaller time frame go one time
print below okay what do you see here is there anything significant that you
can spot there's nothing on the lower timeframe here everything is going
shorter and shorter and shorter there's nothing here
okay we wanted to take the sorry we want to take a look at the current markets
also so what do we have in the current markets markets are going long right now
right they're going along prices are lower but the indicators is longer but
has the indicator crossed yet don't forget that it hasn't crossed you so
this can still continue going north continue to go north and it can end up
becoming like this so you never know you need this to cross to give you a
confirmation that okay it's going to go down okay and then that's when you see
that do I have an opposite or not okay pound dollar let's take a look
looking for you two coming to Toronto yeah I should be in Toronto before the
end of the year that's the plan okay so let's take a look at this okay what do
we see here markets are going higher
okay while your indicator actually it would be from this area it's still a a
iffy situation excuse me okay this is where I started
here you want to use the area next to it yeah it's still dangerous
take a look at this on the 1-hour see if that tells you anything okay looks like
this is about to cross it this is about the crust you're gonna have a divergence
right here dad take a look from here to here and the same thing from here here
okay if this crosses and it starts to turn then you're like okay I got an
opposite once it starts to turn this is what's going to happen to your price
it's going to go up it's going to turn also okay how does your indicator turn
its turns because price turns remember your indicator follows so now that you
have this exhaustion right now it's going to go down shortly it's going to
turn a little bit which is going to make your indicator cross and turn also
that's when we need a sudden burst to the north taking out all the stops and
everybody who who sells and then we will see the divergence take play or the
opposite sorry okay any other parents real quick before we call it a day
ken okay let's take a look at Cat Cat Cat Cat Cat Cat there we go
you miss AutoCAD alright what do we have one CAD I don't see anything here on the
for one hour let's take a look at the four hours
nothing nothing worth working with okay euro Aussie dollar US is a trade that we
took in forex watchers okay all right you're a lousy dollar let me see here
okay do we have a divergence coming on the four hours no what about here also
nothing here I'm not upside okay one-hour charts on
your lousy dollar nothing there that's really nothing there okay
I'm Swiss franc let's take a look at yourself Swiss franc real quick okay
Swiss franc we have a double bottom
slightly lower and indicator is going higher okay this you will have to leave
a loan because remember what is the first area that this thing happened it's
actually where we've connected that's the first area and it's actually going
along already yes I'll leave that one alone it's gone okay any webinar
regarding price action and pro strategy coming up soon yes in fact I wanted to
tell you guys if any of you guys are interested in internship like for
example sunshine she's working with us with divergence and stuff like that if
any of you guys are interested go to for on info@urbanforex.com and apply where
we're making urban Forex more and more and more stronger by having these
regular webinars and everything in all the interns who join I personally take
them under my wing and I trained them myself
in certain aspects of trading this is going to be once a week or once every
two weeks we do this private training for the interns so um yeah
for its internship comments for that and for those of you who do not have the
apps you guys can get them on the main page of our site click on home and
you'll see the different types of apps that are available as a right now okay
don't forget to give us ratings on the App Store as well but yeah thank you all
for attending I will see you all next week on the next webinar take care guys
you