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Alchemist snr part 1 — Transcript

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0:01now before everything this is what I
0:03want you to do okay so we need to detox
0:07everything right now so what you should
0:09do is remove all of the unnecessary time
0:12frames okay so by unnecessary time
0:14frames I mean the lower time frames like
0:16M1 M5 M15 if you're using them cut that
0:19off okay because if you are trading this
0:21way we need to keep it simple as
0:24possible okay so we should remove all
0:26the unnecessary time frames and remember
0:28that these are the the five time frames
0:31that we will be using okay so don't take
0:33any custom time frames don't do any of
0:35that these are the only time frames that
0:38we'll be using because like if you stick
0:40to these time frames if you master these
0:42time frames you wouldn't even need a
0:43huge monitor or whatever to trade okay
0:45just your phone is more than enough
0:47because on on mt4 these are the these
0:49are the time frames you have right so
0:50you can even trade using mt4 itself okay
0:53so uh just follow the instructions that
0:56I give you so just remove all the
0:57unnecessary time frames if you're using
0:59them okay but for the first few days
1:01it's okay to use them but don't like
1:04these Concepts work on the lower time
1:06frames as well but then again just stay
1:09out of the lower time frames because the
1:10lower time frames are always messy you
1:12know that right so just stay out of the
1:13lower time frames so that's always
1:14better okay so these will be the five
1:17time frames that we're using monthly
1:19weekly daily H4 and the H1 now remember
1:22monthly weekly and the daily time frame
1:25these three these three time frames will
1:27be the time frames that we're using for
1:29direction okay okay so for direction
1:31these are the three time frames that we
1:33use and then the H4 and the H1 will be
1:36for confirmation entries I'll show you
1:38now there's a very nice setup with H4
1:41and H1 happens almost on a daily basis
1:44okay a confirmation setup something like
1:46a full margin setup like if you have
1:48that yeah like most of these Malayan
1:50Traders Go full margin on setups like
1:52this so I'll teach you that as well okay
1:53but might take some time but that's okay
1:55I'll teach you uh H4 and S1 will be the
1:57time frame for confirmation entries to
1:59refine the higher time frame zones and
2:01all of that these are the two time
2:03frames that we'll be using okay so once
2:04again daily weekly and monthly will be
2:07the direction time frame so we will we
2:10will identify we will determine the
2:11direction on these three time frames and
2:13then your entries are going to come from
2:16H4 and then H1 okay so I'll show you how
2:18it's done later because there is a basic
2:20session I wanted to show you this stuff
2:22only okay so yeah um yeah um brother
2:26yeah um I have a question so will we be
2:29only Trading gold with this strategy no
2:31you can trade anything you want okay I'm
2:32trading only gold okay you can trade
2:34whatever you want but I trade only gold
2:37okay so now these are the five time
2:39frames okay these are the five time
2:40frames now simply why do we like you
2:44need to have that question right why are
2:46we looking at Direction on these time
2:47frames only because they the thing now
2:50there's a concept called story lines
2:52okay there's something called decision
2:54points we'll be going over all of that
2:55they very important stuff but now with
2:57story lines what we do is we remember
3:00story lines are what we'll be using for
3:02directions story lines and then decision
3:04points but yeah now for now story lines
3:07are only on The Daily weekly and the
3:09monthly time frame okay story lines are
3:11only on The Daily weekly and the monthly
3:13time frame because now there's the thing
3:15now let's say just a simple example I
3:17know you you guys might know this might
3:19not so I'll just make it simple now
3:21let's say we have something from point A
3:25to point B we have something like this
3:28okay so now we know that daily is
3:30bearish so this is what we're expecting
3:32we're expecting the daily time frame to
3:34drop from here to here this is what we
3:37are expecting just a random example okay
3:38so now how would this look like on a
3:40daily time frame now on The Daily time
3:42frame it could be just one single candle
3:44right let's say we know the direction we
3:46know that daily want wants to move from
3:48up here to down here from point A to
3:50point B so on The Daily time frame it is
3:52just one single candle but what happens
3:54is if you go into the lower time frames
3:56what would you have now the direction of
3:58the higher time frame is from here here
4:00but on the lower time frames in the
4:01middle of this you might get a bullish
4:03breakout now if you are with SMC you
4:06might say stop F breakout structure
4:08strong low let me buy it here and then
4:09what happens it fails because why it
4:12will fail the the real reason it's
4:15dropping is to remove from point A to
4:17point B from this daily Zone to this
4:19daily zone so is it okay for you to just
4:22randomly buy inside of a 1 hour low no
4:24it's not because that is why just a
4:26simple example this is the reason why we
4:28stay out of the lower time frames we
4:29only go into the lower time frames for
4:31entries and to refine your uh key levels
4:35and all that stuff okay so that is that
4:38now let's get started with the very
4:39basics of support and resistance okay so
4:42let's go one by one okay I'm not going
4:44to show you everything in one session no
4:46we're going to go one by one we're going
4:47to do the basics of SNR like how we
4:50identify key levels and all of that and
4:52then in the next session we can go
4:53through trend lines because trend lines
4:54are also important okay so yeah trend
4:57lines are important we'll go over that
4:58trend lines and then the next session we
5:00will go through story lines and decision
5:02points okay and then from the fourth
5:04session onwards we're going to combine
5:06all of it I show you what to do at the
5:09beginning of each month I'll show you
5:11what to do at the beginning of each week
5:13I'll show you what to do at the
5:14beginning of every day and not only that
5:17as soon as every single H4 candle closes
5:19I'll tell you what to do okay because H4
5:21candle closings are very very important
5:23for intraday setups okay so we will go
5:25through all of that do not worry but um
5:28you need to understand the Basics before
5:30doing any of that stuff okay so let's
5:33get started now it's like
5:35this okay another thing to point out is
5:38that remember we will be using the line
5:40chart a lot okay we will be dealing with
5:43the line chart a lot okay now we we will
5:45go through candlesticks as well but
5:47mainly we'll be using the line chart
5:50because um yeah this is important and
5:52also if you don't want to just switch
5:54back and forth from candlesticks to line
5:56chart what you could do is go to
5:58indicators and then yeah you might not
6:00be sorry but yeah uh take the moving
6:04average okay take the moving average and
6:07then set its length to
6:10one and yeah there you go you have the
6:13line chart on the Candlestick chart
6:15itself okay so if you don't want to go
6:18back go back and forth on this this is
6:20what you could do you have the line
6:21chart and the Candlestick both together
6:23okay but I don't I don't do this it's
6:26messy right look at this I want to have
6:28my charts as clean as as possible okay
6:30so I'll take it off if you want you can
6:32do this that's that's perfectly fine
6:34okay now let's get started now first
6:37thing the basic support and resistance
6:39okay so the basic support and resistance
6:41will look like this okay a resistance is
6:45something like this the a formation this
6:48is what we call a resistance on a line
6:50chart if you have this a formation we
6:53call it a resistance okay we call it a
6:56resistance and then same thing if we
6:58have the V format
7:00you can see this right this looks like
7:02an a this looks like a V so if you have
7:05a V formation on a line chart we call it
7:07a support okay very simple we call it a
7:10support now remember this resistance is
7:13formed when you have a buy a bullish
7:16candle and a bearish candle okay when
7:18you have a bullish candle followed by a
7:20bearish candle we have a resistance when
7:22we have a bearish candle followed by a
7:24bullish candle we have a support I'll
7:26show you examples don't worry okay so
7:28very simple this is okay let's go
7:30through this and then I'll show you
7:31examples in the chart okay so yeah that
7:34is that and then there's another one it
7:37is something like
7:39this now what is this this is a
7:42resistance right that's a resistance
7:44right there because I told you now what
7:46if the resistance is
7:49broken right once the resistance is
7:51broken it turns into a support remember
7:54that okay so once the resistance is
7:55broken it will turn into a support so we
7:58call this RB yes okay resistance broken
8:01turning into a support so this was a
8:03resistance now it is broken then it
8:06turns into a support that is why we call
8:09it RBS very simple okay so I I'll show
8:12you
8:13examples I would expect a move like this
8:16this RBS okay and then same thing when
8:19it comes here what's this this a support
8:22right this right here is a support I
8:24told you when we have the v formation we
8:26call it a support now what if the V is
8:28broken
8:30right what if this gets broken so once a
8:33support is broken remember once a
8:35support is broken it'll turn into a
8:37resistance like
8:39this okay we could call it a resistance
8:42and so we call this SBR okay the names
8:45aren't necessary as long as you
8:47understand the logic behind it it's more
8:48than enough okay so because why first of
8:51all it was a support and it got broken
8:54right here so then it acts as a
8:57resistance okay so svr very very simple
9:00so that's that and then there's another
9:02type there's another type that is you
9:05can call it head and shoulder you can
9:07call it left shoulder you can call it
9:09qml yeah now most of the people call it
9:12a qml something like this the name the
9:15name is necessary once
9:16again something like this okay this is
9:20what we call the left shoulder okay this
9:23is what we call the left shoulder you
9:25can call it head and shoulder but just
9:27simply call it a resistance okay just
9:29simply call resistance because that is
9:30also this a formation right that is also
9:33an a formation and then same thing
9:37here this what we call a qml once again
9:41it's just a support right this this is
9:43just a support we could expect moves
9:46like this okay now now you might be
9:48confused okay we have this Zone here we
9:51have this Zone here we have this last
9:55resort the resistance in here you can
9:57call it a last resort as well because
9:59this the last Zone you have right the
10:01last reversal Zone you have the
10:03resistance so you can call it a last
10:04result whatever and yeah now you might
10:07be Wonder we have three zones which one
10:09am I going to pick okay so that's
10:11something for the next for the advanced
10:14stu okay do not do not focus on that
10:16right away now first thing you need to
10:17do is train your eyes to see these key
10:20levels as soon as you open the charts
10:22because it's very important okay and
10:24then yeah so a bullish candle and a
10:27bearish candle will create a resistance
10:29a bearish candle and a bullish candle
10:30will create a support once a resistance
10:32is broken it turns into a support once
10:35support is broken it turns into a
10:36resistance and then we have this qls ORS
10:39Head and Shoulder whatever and then
10:40there's another type that one I'll show
10:42you in the chart itself okay so let me
10:44delete this and I'll show you some
10:46examples of this starting
10:49from let's start from the weekly time
10:51frame let's see some examples okay um
10:55I'm trying to show you some clear
10:57examples yeah you can see this very okay
10:59what do we have in here a bullish candle
11:01and a bearish candle so what is this a
11:04resistance right this right here is what
11:06we call a resistance so you can see this
11:08right that is the a
11:10formation right here you put the magnet
11:12always use the magnet tool when you draw
11:15this zone so it see it just
11:17automatically goes into the closing
11:19prices like this so there we go okay now
11:23do not confuse this I see many people
11:25making this mistake okay so when you're
11:26marking out this resistance remember
11:29when when we're dealing with support and
11:30resistance what we deal with is closing
11:32prices of candles okay now I see most
11:35people marking out this this in here is
11:38this a closing price no this is not
11:40right this is not a closing price this
11:42is an opening price this is the closing
11:44price because the line chart only prints
11:46the closing prices if I put if I put it
11:49here and go to the line chart see it's
11:50out of nowhere okay so always make sure
11:53you Market out on the closing prices so
11:55there we go the closing of this bullish
11:57candle is the one that created the
11:59resistance so where did the market come
12:01into right here see that came right here
12:04and it dropped so now what you could do
12:05is now these are advanced stuff okay do
12:08not think very deeply about this okay so
12:10these are just advanced stuff I'm going
12:11to show you now what you could do is
12:14understanding that this right here is a
12:16weekly resistance you could go into the
12:18daily time frame and then make some
12:20refinements so if you go to the
12:23Daily inside of this daily resistance
12:26what did we have we had more zones on
12:28The Daily right we had one here what is
12:30this this is SBR right first of all it
12:33was a support now it is broken so it can
12:36act as a resistance and then we have
12:38another Zone in here that is another
12:39resistance on The Daily time frame can
12:42you see that okay so we have that we
12:44have that there what happens what
12:46happens let's
12:48see there it goes now can you see the
12:51Precision okay so it's awesome once you
12:54understand this so look at this Taps and
12:56then it starts to melt okay so rather
12:58than just directly pulling the trigger
13:00from the weekly time frame what you
13:03could do is refine it to the daili okay
13:05RS to the H4 RS to the H1 whatever and
13:07then take your trade so there we go okay
13:10you see that right so I'm trying to
13:12these are just Basics okay do nothing
13:13okay then why didn't it go here okay so
13:16these are the questions that you might
13:18have right okay why didn't it go here
13:20okay so yeah you will understand them
13:22once we go into the Advan sessions don't
13:24worry about that okay so you see that
13:25right that is a simple resistance that's
13:27a very simple resistance and and now did
13:30you see where this drop came from where
13:32did this come
13:33from what is
13:35this by now you need to understand this
13:39resistance right or else what's the name
13:41you want to call it you can call it um
13:44Head and Shoulder right or as left
13:46shoulder whatever name you want to call
13:48it can you see that so that is that and
13:50then look at this tapped and then it
13:53melted can you see that okay so very
13:56nice Trade It Taps and then it melts
13:59okay because that's a weekly level okay
14:01that is a weekly level so there we go
14:03that is also a type of resistance and oh
14:05look at this one where did this buy come
14:08from where did the buy come
14:10from a
14:12support now trust me now almost like 99%
14:17of the Swing highs and lows are made on
14:19these as and vs okay the highs the high
14:22of the month high of the week high of
14:24the day whatever it is they are always
14:26made uh yeah they always made on a and
14:29vs okay they are always made on these a
14:32and v so remember that very well okay
14:33you need to remember that very well just
14:35just practice that and see okay don't
14:36take my my words for granted always
14:39practice and see you can see this right
14:41we have the V look at look at the
14:43Precision look at the Precision like
14:45we're still on the weekly time frame
14:47okay we still on the weekly time frame
14:48no draw down
14:49basically see this the 25 bip draw down
14:52who cares right so there we go we had
14:54that and what else let's see let's see
14:56some more oh yeah look at this one
15:00I put it
15:02here where did the buy come from right
15:05where did the buy come from now what you
15:06could do is refine this into lower time
15:09frames now look at this on the weekly we
15:12had a support very
15:13clear okay and then if you go to the
15:15Daily we still had that support followed
15:18by a long week if you go to H4 we could
15:21always refine this right we could always
15:23refine this into lower time frame so I
15:25don't think it tapped here but yeah I
15:27think it tapped into these areas looks
15:30like what this is uh a left shoulder
15:33right I think it's a left shoulder yeah
15:34that's a shoulder so what happens look
15:36at this there it
15:38goes see that flies Okay then F now if
15:43you if you are in my channel you would
15:45have seen how I have my entries here
15:47right entries here entries here here
15:50here here all these I'll show you how to
15:52get all of them okay because once the
15:54direction is clear all you have to do is
15:56just find out the zone for an
15:59okay okay now look at this one I have a
16:02question so the example you just showed
16:05um was the left shoulder
16:07fresh now once again you might be
16:10exposed to this stuff okay we will talk
16:12about fresh and nonf fresh all that
16:13later okay do not think of any of this
16:15because there are people who do not even
16:17know the basics okay so we're not going
16:19to talk about any of them right now okay
16:20so don't think about fresh or un fresh
16:22or whatever not right now okay okay so
16:24let's see
16:25some
16:27um yeah look at this
16:31see that what's that a support right
16:33that's a support see look at the
16:36reactions okay we have V's we have all
16:38that stuff and let's see let's see some
16:40more examples because once you train
16:43your like as soon as you open the charts
16:45okay if you could see them right away
16:48it's very important okay it's very very
16:50very important that you need to see them
16:52as soon as you open the CHS you'll be
16:53struggling okay so let's see look at
16:55this one where did this drop come from
17:00right I told you a bullish and a bearish
17:03candle will create what a resistance
17:05right a bullish and a bearish candle
17:06will create a resistance so what do we
17:08have in here a bullish and a bearish
17:10candle so we have this now what you
17:12could do is inside of this Zone you
17:16could refine it into lower time frames
17:18so if you go to daily this is a daily s
17:22spr can you see that okay support broken
17:25turning into resistance but we need to
17:27do a refinement right so let's go to H4
17:29if we go to H4 now we can do a slight
17:31refinement of this Zone into this
17:34Zone what is this a resistance right H4
17:38resistance right here now you might
17:39wonder why are we not going to refine it
17:41into this left shoulder so why should we
17:44right the we zone is here a refinement
17:46should be above the Zone not below the
17:47Zone okay so there we go we have that
17:49zone in here okay we have that zone and
17:52then what
17:54happens there it
17:56drops see that very nice okay so
17:59so yeah that was a nice trade that was a
18:02nice trade from all those areas and what
18:04else what else let's see let's try to
18:06see more examples of um spr maybe yeah
18:11look at this very simple first of all
18:14this was a support right this right here
18:17was a support and then the support was
18:19broken here as soon as this candle ended
18:22the market went up reacted to that
18:24support and made another drop okay so
18:26this is SBR can you see that so once you
18:31go to the line chart everything starts
18:32to make sense okay everything start to
18:34make sense all these reversals all these
18:36moves are from the line chart okay from
18:39the closing prices which means look at
18:41this this where did this come from right
18:43here see look at the prec it's a v right
18:47we talked about this that's a v there we
18:49go Taps starts to move up okay then it
18:52starts to move up so what else yeah
18:54these were of course from trend lines I
18:56took this from trend lines
19:00this see that look at the move like
19:03even um was Thursday's buy I think even
19:07Thursday's byy these were from trend
19:09lines I'll talk about trend lines
19:11because a trend line isn't just the
19:14Confluence most people use it only as
19:15confence but a trend line is also a good
19:18way to determine Direction okay I'll
19:20show you all of that later yeah look at
19:22this one at where the buy came from we
19:25had a trend line that was broken we call
19:27this a break and retest trend line okay
19:30look at the
19:32move see that break so it broke right
19:35here right it broke right here came back
19:38into the trend line starts to move up so
19:41if you're buying it here yeah we will
19:42talk about all this stuff see that's a
19:44240 pip move okay so yeah good stuff if
19:48you understand this well you will always
19:50have some good entries okay you're going
19:52to always have some good entries look at
19:55this what is that once again RPS
19:59resistance broken turns into a support
20:02right then it turns into a support okay
20:05so that's the very basic stuff now
20:07there's another type of SNR we call it
20:09open close levels okay we call it open
20:12close levels now open close levels are
20:14made when you have same type of candles
20:18we say let's say now let's say we have
20:19two bullish candles then an open close
20:21is made let's say we have two bearish
20:23candles then we then once again then
20:25open close made see what is this
20:28first bullish candle and another bullish
20:30candle so this right here is what we
20:31call the open close level okay we call
20:34it an open close level because simple I
20:37told you when we when it comes to SNR we
20:39always focus on the closing prices right
20:41so this is the closing price of this
20:43bullish candle that could be used as a
20:45point of Interest okay this could be
20:47used as a key level whatever see two
20:50bullish candles even this one two
20:52bullish candles right could act as a
20:53support even this one two bearish
20:56candles again although they didn't play
20:58out I'll tell you how to pick the best
21:00zones okay there's a way to filter out
21:02zones because now now once I teach you
21:04everything now you might be looking so
21:06we have it everywhere what am I going to
21:08use for entries okay so don't worry
21:11about entries we'll go through them okay
21:12now right now your job is to just
21:14identify these levels very simple that's
21:16it okay so yeah that's about now let's
21:19let's look some examples of open close
21:22levels okay because I love these open
21:23close levels very well um very much
21:26actually because I'll show you later
21:29okay because when it comes to decision
21:30points we're always dealing with these
21:31open close levels okay so I will show
21:33you examples yeah now this the same
21:36thing with the open close levels now
21:38let's say we had two bearish candles
21:41right let's say we had two bearish
21:43candles like
21:45this so what is the open close level it
21:47is this level right this is the open
21:49close level because this is the closing
21:50price of this bearish candle now first
21:52of all what do we expect we expect a
21:54move like this right because it is a
21:55resistance but once again it's the same
21:57logic if it breaks it could act as a
21:59support okay because like I told you it
22:01is a type of SNR okay so if a support is
22:04broken it turns into resistance if a
22:06resistance is broken it turns into
22:08support very simple okay so let me show
22:10you some examples of open close levels
22:12now yeah here we go here we have a very
22:15nice example see it's an open close
22:17right two bullish candles created the
22:19closing price in here where did the
22:20market come into came right here started
22:23moving up now what you could do is if
22:25you are not okay with entering directly
22:27you could refund this into lower time
22:30frames right now what do we have on the
22:31H4 time frame another open close level
22:34very close to the Daily level so you can
22:37refine it to that okay if you go to H1
22:39let's check H1 H1 is the last time frame
22:41that we going
22:42to yeah see daily level H4 level maybe
22:46on the H1 we have another open close
22:49level can you see so let's see how the
22:51market reacted I think it tapped into
22:53the H4 didn't go back to the H1 oh yeah
22:55it did can you see that so this how we
22:57could do the refinements understanding
23:00that this is a daily Zone you can refine
23:02it to the nearby lower time frames like
23:05this see that look at the position Taps
23:08starts to move up okay and then it
23:10starts to move up so that's that so
23:11let's see some more open close levels
23:15um yeah on the weekly we had some good
23:21ones yeah look at this
23:25one what is this this an open close
23:28right that's an open close LEL but what
23:30did this candle do it broke through
23:32it see that it broke through it so once
23:36it is broken you can expect it to act as
23:38a support now once again you might okay
23:40why not this level okay so those are
23:43once again stuff that you will
23:45understand once we talk about the basics
23:46okay so there we go now what you could
23:48do is this a weekly level refining it to
23:51the Daily level see that and if you want
23:54to do more refinements uh I don't see
23:57anything on the4 you can can refine it
23:58to this but we'll talk about why we're
24:01not going to refine it there and then
24:03yeah look at this we had trend lines or
24:05you might wondering what type of a trend
24:07line this is this is a type of a break
24:09and retest trend line okay so we will
24:12talk about trend lines later now look at
24:14the prion what I want to show you is the
24:15Precision look at
24:17that see that where you tap into very
24:20accurately right into the daily and the
24:24weekly level look at that Taps boom like
24:28right away it doesn't even mess around
24:31on that area right away it runs up to
24:33look at this 280 Pips just like as soon
24:37as it Taps see Taps from the next SC on
24:40it starts to fly okay so once you
24:42understand this it is the it gets better
24:45and better look at this I'll show you
24:46some more weekly on the weekly look at
24:50this
24:51uh let me
24:53see e even this one where did this tap
24:57into very accurately where did this step
24:59into open
25:01close can you see it right here open
25:05close or
25:06is right here these are decision points
25:09we will go through decision points okay
25:10we call this a rising point so look at
25:13the move look at this you can call this
25:16[Music]
25:18um this right here is a resistance now
25:21right because I told you once the
25:23support is broken it turns into a
25:25resistance now can you see how this
25:26level was used as a support see rejected
25:29here rejected here rejected here but
25:33this candle broke it so once a support
25:35is broken now first of all at this point
25:39if I put the replay tool
25:41here at this current moment this zone is
25:45what this zone is a support right this
25:48zone is a support that is why the market
25:50kept closing above it but once it's
25:53broken like this once it's broken it
25:55turns into what once it's broken it
25:57turns into
25:58a resistance right it turns into a
26:00resistance so what happens there it go
26:02steps and then it starts to drop can you
26:05say so very important very very
26:07important that you pay attention to
26:09these levels okay I'll show you how to
26:11filter out the good levels and all of
26:12that later right now all you have to do
26:14is just understand the logic behind this
26:16okay why we're choosing closing prices
26:18and all that stuff okay look at this one
26:21where did the buy come from where did
26:23the buy come from you can see these
26:25areas did it tap here I think so yeah
26:28even this area can you see it it was
26:31used as a resistance in here a
26:33resistance in here a resistance in here
26:35and then it's broken it turns into a
26:39support can you see that you can see the
26:41Precision right I can't make this up
26:43okay you can see the Precision very
26:44clearly look at that Taps starts to move
26:47up right and then even even this one
26:50even this
26:51one you know if you do this you'll be
26:53confused but I'll show you how to do
26:54this look at this Taps starts to move up
26:57like all of these
26:58weekly lows are made on closing prices
27:01of some time frame look at this the low
27:04where is that made open close can you
27:06see that where is this low made open
27:09close see that look at the entries then
27:12if you go into the lower time frames the
27:14perks are staying on the higher time
27:15frame because the lower time frames
27:17would have gotten you confused see buy
27:20Here buying it here right buying it here
27:24look at this buying it here what you
27:25could do is refinements if you wanted to
27:28this one into this
27:31RBS see that you see the Precision right
27:34this is what I'm trying to show you you
27:35see the Precision this one maybe you can
27:38refine it to uh where can we refine this
27:40in to I don't see anything on the
27:42H4 we have this RBS I think the RBS is
27:46what we could have used here might have
27:47got stopped out though because the draw
27:49down see normally we have a 20 to 25
27:53bips stop loss ah yeah 25 bips is safe
27:56from The Zone 25 Pips would have kept
27:59you in now don't think of the draw down
28:01okay because your targets if you're
28:02trading on the higher time frames you're
28:04not just going to close it with 20 to 30
28:06Pips no you're always going to have 100
28:08to 150 pip targets or more than that
28:10okay so yeah look at this one this Zone
28:13you could have refined into maybe here
28:16see what is that
28:19RBS okay so this is how you could refine
28:22zones and do all that stuff so you see
28:24this right you see where all these lows
28:25are made and this is just on the lower
28:27time frame frame I'm sorry on the higher
28:29time frames on the weekly time frame you
28:30say can you see the Precision look at
28:32that buy buy buy buy okay so very
28:35precise if you understand it well okay
28:38if you understand it it is very very
28:40precise now I took a sell this uh this
28:42day this was on Friday how did I take
28:44the sell what is this an open close
28:48right we call it we call this an open
28:50close you can see that very clearly then
28:52what you could do is inside of this open
28:55close you can go into the lower time
28:57frames and then do some refinements
28:59let's go to the Daily did we have
29:01anything to refine this into no just a
29:03long week let's go to the H4 now if you
29:06go to H4 of course we had many zones
29:09inside of this see we had this
29:11resistance
29:13here we had this resistance here can you
29:17say but I I did not take any of this
29:19okay I did not refine it to the H4
29:20levels I'll tell you why later if we go
29:22to H1 on the H1 we had two levels that
29:25we could refine into so we call this you
29:28can all even call this multi-time Frame
29:30because inside of the weekly Zone we had
29:32this H1 open close and we had the H1
29:36resistance can you see that so where did
29:38the cells come from right there from
29:41inside of the weekly Zone we had the H1
29:43level so you see where the sales came
29:45from right Taps and then it starts to
29:47drop look at that look at the drop you
29:49have a drop
29:52of yeah 340 Pips that day on a Friday
29:55okay so this is how good it is if you
29:58pay attention Okay if you pay enough
29:59attention like look at this one even
30:01this sell oh it was awesome the next
30:05confirmation entry let's see why did I
30:07tell you I told you a buy and a sell
30:09candle will create a resistance right so
30:11now what do we have here a bullish
30:12candle a bearish candle so this should
30:14be a
30:15resistance can you say yeah you can't
30:17see it very clearly unless you zoom in a
30:19lot see that's the a formation but
30:21that's why I told you a bullish candle
30:23and a bearish candle now once again with
30:25broker there are problems with Brokers
30:27and you might see stuff like this now
30:28look at this the closing price is here
30:30the opening price is here you might be
30:32wondering which one am I going to use
30:34then remember simply you're always going
30:35to use closing prices okay and another
30:38thing to point out is that if you are
30:40trading gold this is the this is the
30:43broker you should use okay saxo okay I
30:46don't know how to pronounce it maybe
30:47that's how okay saxo whatever this the
30:49broker that you should use because the
30:51reason
30:52is we will be dealing with the H4 time
30:55frame a lot like so much for
30:57confirmation entries
30:58and many other stuff okay so we'll be
31:00dealing with the H4 time frame the the
31:03problem
31:04is uh different Brokers have different
31:07closing types so the H4 candles will
31:09differ now saxo is the most closest one
31:12to mt4 okay saxo is the most closest one
31:15to mt4 okay now let me show you the sell
31:17and then yeah look at this this a
31:19resistance that's a resistance right on
31:20the H4 and then what happen the market
31:23Taps back into the resistance and boom
31:26melts can you see so you see where the
31:29sales came from right most people won't
31:31even have an idea where it came from but
31:33yeah that is where it came from now look
31:35at this if you go into other Brokers
31:36like oanda now oanda is very accurate
31:38for Forex pairs okay like even if I I
31:41don't trade this anymore but when I was
31:43trading it w was the most accurate see
31:46now for Forex pairs I only have W so
31:48that's enough but for gold you can't use
31:51W the reason is yeah I told you the
31:53reason already now look at look at the
31:55difference okay look at this just have a
31:56look at this H4 candles on sex and then
31:58if you go to
32:00w see it's completely different see this
32:03wasn't even there on any mt4 broker what
32:06else see these are broker issues so
32:08don't use Wanda Wanda is not accurate in
32:11my opinion like I don't trust to do my
32:14analysis I do my analysis only on meta
32:16trade itself I don't do my analis on mt4
32:19so the closest one to MP4 is sax okay so
32:23please you're trading gold do not use
32:26any other broker use this one this the
32:27most accurate BL okay and yeah now for
32:30mt4 I use IC markets okay IC markets and
32:33Robo Forex so that's that now you can
32:36understand this right you can understand
32:37all of these now open close right you
32:39can see the open close levels you can
32:41see
32:43um spr RBS and all of that so everything
32:48all these reversal points all these
32:49turning points are made on them okay
32:52made on them so what you should do is
32:54you need to be able to spot them very
32:57quickly like if I come
32:59here look at this now what is this see
33:03now you after time some time you don't
33:05even have to go into the line chart okay
33:08you can you can spot the levels easily
33:10now we had this we had these levels if
33:12you wanted to sell now let's say how can
33:14we refine this level this is a weekly
33:16level right that's a weekly SBR now
33:19remember uh I'm sorry RBS oh no no no
33:22SBR sorry okay the names aren't
33:24necessary okay if you understand the
33:25logic it's more than enough first of all
33:27it was a support now it is broken so we
33:29could expect it to act as a resistance
33:31now what you could do is now if you
33:33place direct trades on the higher time
33:35frame levels you might have to suffer
33:37from a little bit of draw down so the
33:39best thing to do is Mark out the higher
33:41time frame level go into the lower time
33:43frames and then try refining it into
33:46those lower time frame levels okay so
33:48that and then what you do is you don't
33:50place your direct entry here you place
33:52it from where you refined it that is the
33:54that is the reason we do a refinement
33:56right if you're placing it here no
33:57there's no point of doing a refinement
33:58so what you could do is Mark out your
34:01high time frame level go to the lower
34:03time frame and then do the refinements
34:04if you go to daily now in here on the
34:07daily of course I don't see anything but
34:08if you go to H4 remember the line
34:10remember the line we're dealing with
34:11price levels what is this a
34:16resistance see that a weekly resistance
34:19now you might think oh the market has
34:20already tapped into that now that is on
34:22the H4 but did the weekly ever tap into
34:24that no okay so that is why higher time
34:26frames matter we will go through all of
34:27that and then look at this where did the
34:29sell come
34:30from right there see that like instantly
34:35look at look at the drop it made oh 300
34:39Pips see so these are well planned
34:42trades I'll show you yeah I'll show all
34:45all of that stuff later can you see that
34:46like even right now where did the sell
34:48come from once again from that Weekly
34:50level so you see the importance of this
34:51higher time frame levels right they can
34:53be used again and again for intraday
34:55setups and all that stuff see setting
34:57here trades here and even I think it was
35:01the Buy in here right or is
35:04uh yeah there was a Buy in here using
35:06the same
35:10concept yeah this one in
35:13here what is this this is a daily
35:16support right this right here is a daily
35:18support so what can we do go into the
35:20lower time frames and do some
35:22refinements if you do not want to take
35:23direct entries from this Zone you go to
35:26H4 we did have support in here right
35:29here you can refine it into that but if
35:31you go to H1 there something way more
35:35clear the last result okay in here
35:39what's the last result we had we had a
35:40support that was never
35:42used see that H1 support why is this H1
35:47support now you might wonder why didn't
35:48we use this why didn't we use this we we
35:51don't have to use this right because we
35:53always choose zones first of all from
35:54the higher time frame so this where the
35:56daily Zone was and then we do a little
35:58refinement of it into the H1 Zone okay
36:01into the H1 zone so what happened okay
36:03so look at look at the reactions from
36:04this so we had this previous days
36:06liquidity we we will talk about SMC as
36:08well a little bit okay A a very little
36:11bit of SMC is involved you don't even
36:14have to know the advanced stuff no
36:16ranges and all that okay but here look
36:18at this what
36:19happened oh see that where did this come
36:22from where did this come from right from
36:24the H1 level look at this from here
36:28where is your next reversal Zone we have
36:30zones here buying here selling here you
36:33can do more refinements if you are on
36:34the daily time frame see open close or
36:38else
36:40spr can you see that there the drops you
36:43see the Precision right you you can't
36:45make this up look at the Precision look
36:48at the Precision sell a sell here or
36:51maybe a sell here open close we call
36:53this a dropping point because it broke
36:55through yeah we will go through all that
36:56look at this another drop in here okay
36:59so all you have to do is just understand
37:03like even the current buy I did not take
37:05the current by didn't take a direct
37:07entry but I'll explain once we go into
37:08story lines why the why the market
37:11reacted to this open close in here can
37:13you see that there an open close right
37:16with some liquidity sitting above it
37:17here or maybe here and then what
37:19happened the market did that can you see
37:23the Precision look at this no draw
37:26down see that that is why I keep telling
37:28you to practice okay if you understand
37:32the logic behind this it's more than
37:34more than enough okay it is yeah more
37:36than enough all you have to do is
37:38understand so there we go so you see the
37:40Precision right you see the Precision
37:41and and don't think you can only trade
37:43gold with this you can trade EU you can
37:46trade gu you can trade Nas 100 yeah
37:49there are some of my students who who
37:51trade Nas you can trade that you can
37:53trade crypto whatever okay but I I
37:56personally I of gold reason is because
37:59gold's price action is very clean once
38:01you understand gold yeah gold will be
38:04your best friend because you can read
38:07read this very clearly okay you can read
38:09the gold market very clearly if you
38:11understand these concept of story lines
38:13decision points and all of that okay and
38:15trend lines of course so if you
38:18understand that those Concepts go trust
38:21me after you master this stuff you're
38:23only going to trade gold I can guarantee
38:25you that okay and you will fall in love
38:27with go okay because EU and gu the the
38:30these ones do not move a lot right they
38:32do not move a lot okay but that doesn't
38:35mean you can't trade you can't trade
38:36this you can trade this okay like for
38:39example where did the cells come from we
38:42had an open
38:43close right we had an open close here
38:46what you could do is refine it into the
38:48lower time frames what do we have here
38:51spr see always picking up a higher time
38:54frame level and then refining it into
38:56the lower time frame level
38:58steps M can you see now look at look at
39:01this one look at this one if you go to
39:04daily we had an open close where the
39:06where the market reacted to and then the
39:09next day around this area this how we do
39:12refinements around that same daily area
39:16we
39:17had this what is this head and shoulder
39:21or it's left shoulder as if you go to H1
39:24what can you do if you go to H1 you have
39:26another open close in here so from these
39:29areas this will be your buy Zone because
39:32if you if you talk about story lines you
39:34will understand this okay we will talk
39:36about story lines so yeah daily rejects
39:39a daily support and then one time frame
39:41low that is H4 H4 gives you a bullish
39:43breakout so we have that very clearly
39:45and then once again we're starting from
39:47the high time frame itself to start like
39:49to pick up our zone so we have this same
39:50daily Zone because we do not have
39:52anything else on the day right we have
39:53another one that is here but we're not
39:55expecting the market to drop through
39:56there we will go through to them don't
39:57worry and then around that area we
39:59refine into lower time frames like this
40:02right we refine into lower time frames
40:03and then what happens boom there it
40:06goes can you see so where where did the
40:09moves come from where did all these
40:10moves come from from the higher time
40:12frames right from the higher time frame
40:14levels itself like look at this there's
40:16a nice re-entry in
40:20here what is
40:23this a resistance being broken right a
40:26resistance being broken then it turns
40:28into what a support right once the
40:29resistance is broken we know that it
40:31turns into a support but now how do we
40:34know that we could trust this level
40:36right that's the problem how do we know
40:37that we could trust this level so that
40:39is the reason why we use Confluence
40:41right that is the reason why we use a
40:42Confluence so our Confluence will be a
40:45trend line look at this uh where's
40:50this there we we have a break and retest
40:53trend line we call this a break and
40:56retest trend line see had a trend line
40:58like this which pushed price down here
40:59and now it is broken so now look at this
41:02the next candle if the next candle wants
41:04to get into this RBS we have the trend
41:06line and the uh key level overlapping
41:09very nicely so what
41:11happens there it
41:13goes see that re-entries okay you will
41:16have some good re-entries you will have
41:19some now we will talk about everything
41:21don't worry okay this is just a basic
41:23session because we have entries we have
41:25high risk setups we have low risk setups
41:27we have medium risk setups okay so you
41:29need to understand how much you're going
41:30to risk for high risk setups how much
41:32you're going to risk for low risk setups
41:34and how much you're going to RIS for
41:35medium reset UPS we will go through all
41:37of that there's so much more to cover
41:39this is just the basics but you know
41:41this right Basics are the foundation to
41:44anything okay so if your Basics are
41:46strong yeah you don't have to worry
41:48about any advanced stuff because the
41:50advanced stuff is using all the basic
41:52stuff okay so if you do not understand
41:53the basics well there is no point of
41:55going into the advanced stuff so please
41:57make sure you practice this okay don't
41:59just watch the session once again once I
42:00send you the recording and think okay I
42:02know this no you don't okay it'll take
42:04some time for you to understand this
42:06okay even with the basics you will have
42:08questions now when I show it to you it
42:11looks very easy right looks very very
42:12easy but um I'm showing stuff in
42:14hindsight so to show stuff in hindsight
42:16is anyway it's very easy okay anyone can
42:19do that but once we start with the Advan
42:21and all of that at the start of the week
42:23I'll show you what I'm expecting okay
42:25what I'm expecting for the week at the
42:27start of a month I'll show you what I'm
42:28expecting for the month and at the start
42:30of a day I'll show you uh yeah what I'm
42:32expecting for the day and all that stuff
42:34okay so you will you will get that but
42:37please make sure you understand the
42:39basics okay because I'm not a signal
42:42provider or whatever okay do not wait
42:43for me to tell you okay do this and do
42:45that okay take entri here close it here
42:47no I'm not going to do that I'm not
42:49going to spoon feed anyone okay so you
42:51need to do the hard work practice okay I
42:53will always help out okay I'll show you
42:56the zones that I'm interested and all
42:57that stuff as well but please do not
43:00100% rely on that make sure you do your
43:02own analysis as well okay so go what if
43:06I die right you can't you can could
43:09happen right it could happen to any of
43:10us you can't rely on my signals or
43:12setups right away so please make sure
43:14you do the practicing as well you do
43:16your own practice as well okay yeah
43:18let's just look into some zones you you
43:20can see this
43:21right look at look at the Precision okay
43:25from open close levels and all this
43:26resist distance I don't think the market
43:28tapped um look at
43:31this all of these are made on these
43:33levels look at this where was this
43:36made can you see so I just want to show
43:38you that it works okay it works doesn't
43:41matter if it's gu EU C whatever it it
43:44works see look at
43:47this look at this can you see that so
43:51all you have to do is once again like I
43:53told you practice okay all it takes is
43:56practice and after some time yeah you
43:58can call out the high of the week the
44:00high of the day high of the week month
44:02whatever okay whatever so brother I have
44:05a question over here can I annotate um
44:07and show you where which line yeah
44:12um you on y so I think you drew a line
44:16around
44:17here okay yeah I didn't get the cell
44:21like the resistance that it made those
44:24are advanced stuff okay I'll show you
44:26yeah this one this one here okay this
44:29one this one yeah so this these types of
44:32zones are very strong okay this some
44:34advanced stuff we will go deeply into
44:35this because why can you see that this
44:38level was once used as a support mhm
44:41okay so after those levels are broken it
44:44pretty much gets used as a resistance at
44:46least once okay before falling so that
44:48is why we use that level because most
44:50people when the market is here oh sorry
44:54when the market is here they will will
44:57ignore this Zone okay they'll ignore
44:58this Zone they will right away focus on
45:00this open close and then this
45:02resistance but we need to understand
45:04that below that we have a strong Zone as
45:07well so you need to pay attention to
45:08that too okay so that is why we marked
45:11out those L now we will we will go into
45:12this these are advanced stuff okay these
45:14are some advanced stuff but we will go
45:16into that okay we will go into that
45:17don't worry I'll show you how to filter
45:19out those unnecessary levels and all of
45:21that okay but you see this right it
45:23works on EU it works on gu it works on
45:26gold whatever you want to trade you can
45:28trade with this okay very simple and
45:31it's very strong once you understand
45:32story lines you will see that you're
45:33never lost with the direction okay you
45:36you're not lost with the direction
45:37that's the main thing okay look at this
45:40see reacting from weekly levels you
45:42could maybe do some refinements into
45:43lower time frames right let's see what
45:45we had on the lower time frames around
45:47this weekly
45:49zones um we have one zone here I think
45:52that is too far away yeah came almost
45:55into there but I'll show you okay so you
45:58see this right it works anywhere it
46:00works anywhere all you have to do is
46:02practice okay practice is what it takes
46:05like even on the
46:06monthly even from the monthly time frame
46:09you can see the pre look at
46:11this let's see um yeah look at this
46:16where did this sell come from monthly
46:18open close see look at this this candle
46:20in here this bearish candle broke
46:22through this so first of all this was a
46:25support now it is broken so we could
46:26expect it to act as a resistance right
46:29so what happened the next
46:31month yeah you can you can do
46:33refinements if you want to maybe this
46:35level into this
46:38level I don't think it went into the
46:40refine Zone but yeah let's
46:43check there it goes like instantly can
46:47you see that when it Taps into high time
46:49frame zones this reaction you get like
46:51instantly you're up like what's that see
46:54430 Pips like what more do you need
46:56right this is in one day one single day
46:59most people have a 100 pip Target for
47:01their whole week but if you trade gold
47:03100 Pips is nothing you can get it in
47:04one or two hours that's the thing okay
47:07and look at this now I'll show you
47:09something don't get yourself confused
47:11with this I'm only showing you the power
47:13of these open close levels and all of
47:15that okay so of the closing prices uh
47:18we're not going to even go into the left
47:20this much okay we will not do that I
47:22I'll show you an example of the closing
47:25price how strong the closing prices are
47:27but don't think of it deeply one second
47:29okay look at this where was the high of
47:30this candle made right
47:33here okay where was the high of this
47:35candle made right here closing prices
47:39can you see that closing prices where
47:42was the high of this candle made closing
47:45price where was the high of this candle
47:47made closing price okay where was the
47:51high of this candle made closing
47:53price can you see look at this where was
47:56the high of this candle made closing
47:58price okay so now we're not going to
48:00rely on this though I'm just showing you
48:02how strong this monthly closing prices
48:05are can you see
48:07that look at the look at the entries if
48:09you paid attention to
48:11them see this look at this okay look at
48:17this look at this look at this see that
48:21once that level is broken it is being
48:23used as a support we have all of that
48:25okay so wait very very strong okay these
48:28monthly levels are very strong like look
48:30at this even
48:32this you have to have sharp wise for
48:35this okay how did this close right above
48:39the monthly open
48:41close broken right first of all this was
48:43a resistance now it is broken so which
48:45means it is not like not anymore a
48:48resistance but it is a support right it
48:50is a support then what you could do is
48:52maybe refine into lower time frames if
48:55you want to right just do something like
48:57that and then look at the reaction from
48:58that not yet oh there it
49:02goes can you see who who stopped this
49:06huge push who put who stopped it who put
49:09an end to it the monthly level if you go
49:11to monthly where was the low of the
49:13month created where was the low of the
49:15month created right
49:17there see that so it's it's very
49:19important it is very important now I
49:21told you something like this right now
49:22can you see this level in here what is
49:26this level this is a closing price once
49:27again being broken but this is a very
49:30good Zone because why this Zone was once
49:32used as a resistance can you see how
49:34this Zone pushed price down here now it
49:37is broken so it could act as a support
49:40right it could act as a support so let's
49:42see oh I have to play 30 candles I think
49:44let's see I know there it comes can you
49:50see that why I tell you these types of
49:52zones are good zones because once it was
49:55used as a resistance it's broken then it
49:57got used as a support low of the month
50:01in case bro what do we can you go back
50:03to the monthly time
50:05frame um what do we do about uh these
50:09price action these types of price action
50:11like over
50:12here like what do you mean what do we do
50:15here like uh the price action is not
50:17clear like it didn't make an open close
50:19it
50:20just you know did this look at this yeah
50:26what is this
50:27a buy and a sell candle so what is this
50:28sir resistant oh a buy and a sell oh
50:32what confused me was
50:34the broke broker issues brok issues
50:36don't get confused with that okay yeah
50:39this type of happens with these
50:40Brokers I don't know why okay so don't
50:42get confused with that okay so always
50:44remember that if there's a bullish and a
50:46bearish candle that's a resistance and
50:47you need to pay attention to that then
50:49what you could do is refine this into
50:51lower time frames maybe let's go to the
50:53Daily yeah on the daily what do we have
50:55we had this monthly level here on the
50:57daily we had open close levels see that
51:00monthly inside of this monthly just just
51:03think of it like this whole thing was
51:05your monthly resistance so inside of
51:07this monthly resistance what did we have
51:09we had these levels I don't know if this
51:10played out or not if you go to H4 let's
51:13see if we could do more refinements now
51:14we had a dropping Point here on the H4
51:17okay we'll talk about that later we have
51:18some liquidity resting below those zones
51:21let's see how the market reacted ah yeah
51:23there it goes see that so it's clear
51:25it's clear if you stick to the high time
51:27frames okay so it is not un it's always
51:29clear if you stick to the high time
51:30frame now this of course would have
51:32stopped us out I think yeah let's see if
51:35we could do more refinements of
51:38this yeah we had one more H1 resistance
51:42here that is where I tapped into
51:44see so we we will go through all of that
51:47don't worry okay we will go through all
51:48of it that is not a problem all you have
51:50to do is just pra please practice the
51:53basics master the basics because as soon
51:54as you open the charts you need to be
51:55able to see the stuff okay open close
51:57resistance support spr RBS all that
52:00stuff you need to you need to be able to
52:02see it as soon as you open the charts
52:04that's the thing okay so yeah that is
52:06pretty much it for today okay we will
52:09have another session very soon
52:12yeah identify I like to learn with some
52:16kind of sorry I can't hear you
52:21clearly I I always get things easier
52:24when I know that this is is the I'm
52:27follow you identify the levels with
52:30Precision especially at the monthly when
52:33you were doing it
52:34but we will go through all of that don't
52:36worry okay we will go through all of
52:38that just right now your only job is to
52:41identify what I told you as V how
52:44supports break and then turn into
52:46resistance how resistance break and then
52:47turn into support okay because now I can
52:49cover everything in one session in like
52:51a five hour session not a problem that's
52:53easy for me as well but what's the point
52:54if if people don't understand right
52:57that's the thing okay that is why we go
52:58one by one do not think now do not think
53:00of advanced stuff right away okay just
53:03this is the basics this are this is the
53:05basics very simply so focus on this only
53:08a andv that's your only job maybe you
53:10know this maybe you don't some of them
53:12are brand new to these Concepts that
53:14because I have to be fair right just
53:16because like some of you know these
53:18stuff I can't directly go into the
53:19advanced stuff okay no we'll have to
53:21start from the basics so bear with me
53:23after a week or two we will get into the
53:25advanced stuff okay so right now all you
53:27have to do is just see how a worked out
53:30see how V worked out see how support's
53:32broken and it turned into resistance how
53:34resistance breaks turns into support and
53:36just pay attention to that stuff only
53:38nothing more okay nothing more than that
53:41also to make it more simpler for us is
53:45you are very good already with seeing
53:47the levels at the Candlestick chart yeah
53:50you can be using the line chart for so
53:52that we get used to that then we can at
53:56transition today
54:00yeah okay so uh just what you could do
54:03is right now until you practice this
54:05just use that moving average thing put
54:07the line chart on the Candlestick itself
54:09so that way you will know as soon as you
54:12see the Candlestick itself you will know
54:15if there is a closing price or not okay
54:17so like very simple if you put it here
54:20let me just do it moving aage
54:28uh if you set it to one okay until you
54:31practice just do it like this okay use
54:32this thing until you practice this so
54:35like after after some time once you even
54:38without this okay you will know that
54:40okay on the line chart these are these
54:42are spikes right even these are little
54:44spikes so you know that see that okay
54:46and even these areas you know that this
54:48was a v so without without the
54:51indicators so without the line chart you
54:52will see that okay you will see that
54:54okay there is a support it was broken it
54:55turned it resistant all that stuff okay
54:57so now there are more stuff that you
55:00need to think about deeply so these
55:03aren't even that okay this is just the
55:05basic so don't even think this is hard
55:08don't think okay there are two minut
55:10looking don't even think of any of that
55:11because if you make it complicated at
55:14the beginning
55:15itself yeah it'll be very hard for you
55:18to get over it okay so don't even think
55:20of it just very simple all you have to
55:23do is just follow what I say okay just
55:25see how a and we played out see how
55:28support breaks turns into resistance and
55:30open closes and all of that nothing else
55:32nothing else nothing more nothing else
55:34okay try to keep it as simple as well
55:36because even when I started with SNR I
55:38had the same questions like you guys
55:40okay and then after some time I realized
55:42that all my questions were completely
55:44unnecessary okay because these are the
55:47basics these are the basics stick to
55:48this because this will be a very simple
55:50approach okay so to do the analysis here
55:53with this like once you complete once we
55:55complete the advanced stuff and all that
55:57to do an analysis for the day it takes
55:59only 30 seconds okay that is how good it
56:01is that is how simple it is it takes 30
56:03seconds to one minute maximum okay so
56:06please make sure
56:09you like follow what I say don't do
56:11anything more than that okay if you do
56:13anything more than that if you get
56:15yourself confused that is honestly not
56:17my problem right you're getting confused
56:20with something that I haven't even
56:21talked okay so do not do that do not do
56:23that just stick to what I say that's it
56:26okay I'm only responsible for what I
56:27teach I don't know if anyone else is
56:29teaching SNR if you've been exposed to
56:31SNR so uh just completely forget that
56:34now here you're here with me I'll give
56:35you I'll even give you my trading plan
56:38what I look for and all of that stuff
56:39but before that stick to this don't look
56:41at anything else that is what I can tell
56:43you okay so yeah guys then that's it for
56:46today yeah I have a question actually
56:49yeah yeah yeah um so how many times uh
56:52can a support of resistance be broken
56:55like and you still consider consider it
56:57um the higher time frames levels like
56:59the monthly weekly and daily they can be
57:01used so many times actually okay they
57:04can be used so many times but then again
57:06it'll be confused like normally now
57:08there is a concept called Fresh and not
57:11fresh okay so according to that once the
57:14market uses a resistance let's say this
57:16resistance is used okay let's say the
57:18market is coming back into that area
57:21okay so we don't like normally the
57:24chances of this holding is very less
57:26likely okay so once again if you're
57:28trying to look for a sell in here the
57:30chances of this happening is very very
57:33less likely okay so we call this a used
57:36level we call this not this is an
57:38unfresh level okay but then again
57:40there's a there's something called
57:42decision points okay there's something
57:44called concept called decision points
57:45but when it comes to decision points you
57:48can use them like as much many times as
57:51you want okay so that's the thing I will
57:54show you decision points it is a very
57:57hard thing actually that's a little hard
58:00to understand that consider decision
58:02points but I will show you that later
58:04once it comes into that you will see
58:06when we're going to use fresh levels and
58:08when we're going to use unfresh levels
58:10you you will understand that okay but as
58:12of now just stick to this stick to this
58:14I will show you all that later okay
58:16right thanks so okay nice so anything
58:19else anything else this anyone else have
58:21any questions that yeah actually last
58:23question um so how many sessions do we
58:25have in like what's the curriculum like
58:29that of course we will we will decide
58:30the times when everyone is available and
58:33all of that okay so uh yeah we we have
58:36the chat here we have the group in
58:38Discord here we will we will discuss
58:39okay when everyone is free that is when
58:41we're doing session okay we don't want
58:43to like even if there if people are not
58:46there we will have to do the sessions
58:47because I will have to do at least one
58:49or two sessions every week so we will be
58:50doing that anyway okay one or two
58:52sessions every week we will be doing
58:53that uh please try to attend the
58:55sessions okay because I will send the
58:57recording as well but then again like
59:00while while look like in in live like
59:03when we're doing a session like this
59:05it's better to always ask your questions
59:06and then get them cleared because when
59:08when you're watching the recording like
59:10you're not into it right maybe you're
59:12doing something else and you're watching
59:14the recording and out that so you will
59:15lose focus but if you're doing it live
59:17you need to listen to what I say right
59:19so you'll have good questions so please
59:20try to attend sessions and we will have
59:22one to two sessions every week okay but
59:24the times will differ times will differ
59:26just to see if everyone is available and
59:29according to my schedule and all of that
59:30it will differ so I can't tell you right
59:32away okay we're only going to have
59:33sessions on Wednesdays Mondays Tu okay
59:35so we will have sessions whenever we can
59:38have one okay like that um yeah anything
59:42else I need to go through let me know no
59:47yeah some people are completely quiet
59:49hopefully you guys understood everything
59:52okay so that's okay if if you want to it
59:54clear okay nice it was clear just have
59:56to practice now yes please do the do
59:59please practice okay so what I want you
1:00:01guys to do is everyone if you are okay
1:00:03with this and we so support and no
1:00:05problem just skip this but what I want
1:00:07everyone to do is for the ones that are
1:00:09new to this go to the charts okay go to
1:00:11the charts and then see just send some
1:00:14examples of how a like how supports
1:00:16played out how resistance is played out
1:00:18how open close levels played out and all
1:00:19of that okay so at least 50 examples
1:00:22from each okay so a resistance a support
1:00:24open close RBS we are all that so that
1:00:27way I know you understood the concept
1:00:29very clearly okay so please do it that
1:00:32way I'll correct them send your charts
1:00:34in the group okay I'll always look into
1:00:36that okay yeah anything else let me know
1:00:40um uh brother how big of a role does
1:00:43liquidity inducements play into this no
1:00:45inducements okay no forget that word
1:00:48remove it from your diction R okay we
1:00:50don't focus on inducements liquidity of
1:00:53course we will go through liquidity a
1:00:55little bit okay so when dealing with SMC
1:00:57we will only deal with we will only deal
1:01:00with liquidity here because if you are
1:01:02trading EU EU gu like if you're trading
1:01:05Forex pairs you need to add a little bit
1:01:07of SMC into it so by SMC I mean not
1:01:10ranges and all that stuff all we focus
1:01:13on is session liquidity previous day
1:01:16high previous day low previous week high
1:01:18previous week low and previous month
1:01:19High previous M that is the only type of
1:01:21liquidity that we will focus on that's
1:01:23the only type of SMC invol so this
1:01:25trading Style is around 95% SNR 5% SMC
1:01:29that is liquidity only okay so not that
1:01:32important that's not very important but
1:01:35um I'm not saying is not important we
1:01:37yeah we we will I will show you that
1:01:39okay once we go into the back testing
1:01:40sessions you will understand how we use
1:01:42it
1:01:44okay okay yeah yeah I have a question
1:01:46also actually um so how uh likely is or
1:01:51rather um because like for example SMC
1:01:55was really popular like uh maybe last
1:01:57few years right and then that's when you
1:01:59started to see like SMC Traders start to
1:02:01like get trapped all the time right so
1:02:04like what the chances that this um SNR
1:02:06is just
1:02:08like now the thing is the thing about
1:02:11SMC is now people have different
1:02:13versions of SMC right
1:02:15like it's not the same thing that
1:02:17everyone talks about when it comes to
1:02:19SMC okay so this of course now remember
1:02:22now if you guys know dear the gold eager
1:02:25okay I have a screen shot as well that
1:02:26is where I studied from a lot okay I did
1:02:29have a mentor who was good for nothing
1:02:30so not no offense but here okay so he
1:02:33what he did was now I'll tell you he
1:02:36just opened the like we had I had some
1:02:38notes from the founders he sent it to me
1:02:40this is like one I think almost like two
1:02:43years back I think I don't even remember
1:02:45no I don't think that's two years one
1:02:46and a half years maybe so what he did
1:02:49was he opened some notes on his iPad and
1:02:53then on the notes he had story line like
1:02:55that was just notes and then what he did
1:02:57was he read it out to me and that's it
1:03:00okay so I paid him for that so after
1:03:02that of course it was my hard work so
1:03:05that is how I figured it out like
1:03:06practicing drra screenshot studying the
1:03:08notes again and again and again so that
1:03:09is how I got good at so now uh now
1:03:13dearra she she was uh trading I think
1:03:17this was the price section when she left
1:03:20somewhere here this is
1:03:232019 okay from 2019 and this 2023 is
1:03:27four years now we're talking four years
1:03:28ago and right now even after four years
1:03:30it works perfectly fine okay and you
1:03:33you've seen my entries right like you
1:03:35have you can get the high of the weeks
1:03:37high of the month high of the day all
1:03:39all of that stuff is tradeable so I
1:03:40don't think like this is like SMC this
1:03:44is very strong this is a very very
1:03:45strong approach okay don't you can't
1:03:47even compare this to SMC to be honest
1:03:49okay so this will this thing will work
1:03:51completely fine do not have any doubt
1:03:54about it this will work perfectly fine
1:03:56like I can guarantee you that 100% okay
1:04:00yeah cool okay nice what else what else
1:04:02anyone else with
1:04:04questions
1:04:06no I just wanted to say thank you very
1:04:08much I'm I'm listening at at work and
1:04:10I'm gonna go back and watch everything
1:04:13send those charts so I really really
1:04:14appreciate it okay awesome bro nice nice
1:04:17okay guys then that's it for today uh
1:04:19hope you guys have a good weekend and
1:04:21I'll talk to you guys in the next
1:04:22session please send the chat so if you
1:04:24are if you guys are doing any mistakes I
1:04:26can correct that doesn't matter if you
1:04:28are Advanced Home like whatever you are
1:04:31just send the charts that way I know you
1:04:33guys are understanding it properly okay
1:04:35so I'll check it out I'll check that out
1:04:36and I'll let you know the times for the
1:04:38next session uh maybe tomorrow or Monday
1:04:41okay we can have an we can have our next
1:04:43session on uh today's the
1:04:463D maybe Tuesday yeah maybe Tuesday we
1:04:49can have another session we will do that
1:04:51okay but before the session I want
1:04:52everyone to practice okay I want
1:04:54everyone to practice so yeah and also

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