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Forex Trading Webinar For Newbies Forex Trading Strategies For Beginners 2017
I so welcome this is right here from Sperry profit basically a little teach y'all how to read perform execute on these charts mainly I wanna give us a little bit psychology making is but I people when you start trading they don't understand that training is 90% mental 10% technical okay a lot of people when they come into the training industry they feel that they have to trade you some dresses would give this aggressive style they have to come in throw a lot of money Jones and you know they get rich but it's not like that it's ready get rich slow training is simple it's not hard it's not easy by any day is simple so you need to understand step 1 training is 90% mental 10 percent technical highly recommend you write that down you understand where I'm coming from with that all right just have the right mindset but overall when you start trading we don't use the m1 chart okay the reason why we don't focus on this m1 chart there's a lot of reasons and one of the main reasons is one of the main reasons is that with the m1 chart is very very very very disorientating you have a lot of movies too happy here but in reality it's just 60 candles could better you to make a one Howard we could just break that all down with one our candle okay and one of the main things is when using an m1 and 5 and 15 charge you're gonna be more not happier in your trade setups you're gonna be losing a lot more money than you think you're gonna be making any type of money so a lot of traders when you see go scanner I'm gonna go train on an m1 and finally a pity no that's binary options we're not trading binary options we're focusing on Forex so to understand trading with those versus training the m30 h1h for daily 1 to weekly one monthly chart you understand it to hide the timeframe the stronger the trend and to understand that the stronger the trend is gonna make you more money and when i understand that you know in reality of the whole time market was that I had my breakthrough because I knew if I enabled Daybreakers and I understood this our chart I want understand that it takes 24 candles to break up a day okay 24 candles will break up a date and the galaxy is the same who is happy every single day every single day doesn't matter where it's echoing the end of the day the moves happen every single day so ultimately you will see trends there you happen start from the weekly low for example right now here give me a better picture you wouldn't find a better partner I love doing this especially it's like new people you know put me to trade alright when there's no people come here to trade they don't understand these trends they don't understand the story that goes behind the market and I want to go break down your us these two the most best of my abilities so I want you guys to retain those this is my favorite chart I made all my money on for eur/usd a lot of it I'm a high-risk trader by the way so don't get crazy with what I say just understand what I say makes a lot of money so we're gonna bring out our si taking notes I use RSI five my settings are a size 5 so you guys can see it this period set to 5 my levels is xxx 70 and 15 and that's pretty much it I don't use this for overbought oversold areas I use this for only one thing divergence okay a lot people don't understand what divergences now with RSI oscillator like CCI Magdy RSI TDI stochastics all of those stuff okay it's just really telling you the momentum inside of the market though momentum inside of the market where the bank's your institutions your hedge funds all of that is well RSI escalators like TDI is it's not about price movement candles that's a price this is momentum these are where the banks and institutions are moving we're trading price to understand what the banks for moving okay we're to understand what institutions and the big players are moving you need to understand this not for over buying oversold areas but to understand in the overbought and oversold area and looking for only one key element and that's called divergence all right so how do we do divergence it's very simple you set up sigasi is divergence is first of all is when price is doing the opposite of what momentum is this see right here is going down well gee guys have really figured this out all right saw his song set to five and then I use I just add a fifty level to it yeah sure RSI it's pretty much set to period five and then I have a 30 70 to 50 level that's pretty much is how do you add a level you go to adding just height 15 and you're good to go let me talk that out alright to basically bring up your indicators if you guys don't know how to do in a shortcut way no it's not the scanner I don't have the scanner on this computer so don't won't be no scanner you go to indicator list once again a double-click indicator list you bring your stuff up and then you have your send use parameters to send you that to five levels 30 70 50 you need to add a d50 that simple alright yeah y'all gonna learn this is what I came to do to teach I love some some but I'm gonna give you some real nuggets like this would help y'all out alright so back to our si and uh price when momentum is doing the opposite of what price is that you guys can see here it was oh man you can see it better all right price right here was going up while memento was shooting down that is the Virgin's to see it perfectly right here okay I'm a market to see a more visual approach of it alright see that price uni up momentum shoe need um thanks everything is already selling they were selling to see just drop they were shorting it mind you this is on a how it chart I don't use these charts I use the h1 in 30 occasionally but right here this was a stock plan this week right here was a stop it yeah it's getting recorded right here this wake was to stop huh and since it stopped punted it was basically saying okay people that keep thinking I was gonna be a body people were sunny right here they trapped the buyers people started selling it they put like a little stop hunt they say about five pips 10 pips out and one of the grabbed its hit the stops and then it dropped massively and right here it tells you what's gonna drop because of divergence alright and one of the things when you notice about the virgin's is you cash down on maybe reversal setups where the money is really being made which is my favorite swing trading so i just wanted to show you out the virgins before we get into how this unit unfolded which is also a head and shoulders pattern here's your head and here's your shoulder before the big drop to understand these weekly highs and we kilos when they actually do a reversal need to understand the virtues come to play for exhaustion of the market after it's done doing it's pushes so we're not being said right here we have our pushes and maybe reversal resets so I'm gonna basically show you what I mean by that okay this is gonna be one push it's three new markets made up of three to four pushers usually you could see three and then you know you could have your your fork push here and there but um usually gonna see three more common so as you can see the market did one it did to it at three this was your weekly high at this top and it paid out with exhaustion of the vergence wherever you went over here and the market decided to push up so right here is c1 and it failed and a reset it and it did a bigger drop I'm gonna break down I'll just drop HD for it right so right here we had a reset you know what's a drop right here reset it was in a strong area of supply or resistance however you want to call it right it tapped it once tapped it twice right here in the top two three times three hits three pushes three hits and then the market just dropped as you can see and one of the main reasons other market dropping was mainly not just because of the pushes it was that hit us mainly off the head and shortest pattern all right so now that we have a pushes and you understand that this is a resistance area supply supplies the roof resistance is the roof and in our areas of demand which is support or B underneath this so when the market came back to this low okay you can see how it bounced off and it takes a big candle to break it and in this case if a counter broke this and that from a reset up here one two three came up one level reset it it failed like I mention I'm a price action junkie this became level one push the day breakers are usually used to determine taking notes to this this is one of the biggest things that you could take a note of is that when using the day break you see it basically indicates the market not bad alright so basically what the day break is this is that in any case the market for is pushes without these you would seem to mark it a little differently be like ok I don't understand what I'm looking at but you add the money you see the pushes this is each day Burgers consists of two days so this might be like money at Tuesday this might be Wednesday and Thursday you catching maybe reversals on Tuesdays Wednesdays and Thursdays once again you're gonna catch a reversals on Tuesdays Wednesdays and Thursdays where you gonna catch it out the weekly high and then run all the way in week later to weekly low or the weekly load and then run for week later to link your high so in this case it did a reset right here ran for like pretty much a week came up and then it did another drop so right here is your level one drop this would be a level two then reset influence again a little bit and then it came down to level three I went up for one to reset it and it dropped one two three it's a fourth push and then it went up this is all gonna be recorded on the stick basically running through how levels work out you're looking for three and four it pushes our reset only contains a one to two pushes and it basically is Austin's not allowed people know that so to get inside trends in the game shootout because you never wanted place we sell in a buyers market and everyone apace a buy in a seller's market you want to always run with the trend and you mainly see trends with double toxic double bonds news events epic nflp the Fmoc NFP news definitely interferes with it but I always tell people is you know go forest factory may be going going for its factory and um mask Ford Street all right so ii don't want for its factory you know to go look at your folders read folders you know high impact news yeah yellow ford is already focused on those orange quarters you can have some effects however I believe yesterday was Fmoc two days ago actually was yesterday alright so yes it was FOMC right here this two p.m. the release of news I'm gonna get back into this later notice it doesn't have no actual okay there was no actual or forecasts or previous this is why super high impact is your red nobody want to play with that and that's what the big push ready was alright so back to understanding these pushes you know you can basically draw your supply and demand zones better on an h4 chart this is what we call the Head & Shoulders pattern once again that's why the market trough so aggressively to the low in reality of that situation is you couldn't call it craps on the pits and I'll tell you how much I caught on here you got one but even within a day I caught about 20 grand and so the news event called IMF I got out I got scared because it was supposed to push this up in reality in the news fails and was sitting pretty good release and it dropped Dinah's I had to work for you lots out here if I left it in or what it did five hundred thousand dollars within a month I don't want to talk about it too much but got to situation is it's all about time catching these type of events understanding the technical analysis that goes behind it so you understand how the market would drop I want to go into more depth about you know getting into support resistance applied to men how the market decides to retrace all have fun stuff but at the end of the day all this is great we obviously the situation is I don't know if y'all ready dropped so what I want to do is really really break down supply demand price action support resistance I'm going some more in-depth about the virgins break that down into full details you know I'm just give me a submarine that was just an introduction now we're really close in reading me teaching so you know I really want to go into depth about those certain things so right here does this every well see by the way the red folder that me was just going over which was this loose where it didn't have no actual forecast to it and it shot up if you got in too close to that candle could have got my 200 now you send me pips I stand a lot there would have been two thousand nine hundred and seventy dollars but yeah I have to do risk management so I'm not gonna talk about that stuff I don't want to get in trouble but um just focus on how they teach risk management site on email but the main thing is I want to teach y'all structure one of the main things about learning structure its understanding it zooming out your charts okay need to understand zoomy out your charts is one of the biggest things to understand your structure in the market a lot of people don't understand that process and and kind of hinders their training success I don't know if y'all know this wicks play a major role in the market wake from over here zooming out as you can see a respected this over here in the future knows is really the rides of events that's already occurring inside of the market which is eventually predicted to be effective later on in the future in a nutshell the market already predicts the news before their new in cement comes out so when you see economic crisis stocks change Marcus crashing all that stuff you guys understand technical analysis news just completes the pattern you already know what the pattern is gonna do if you know how to draw all your charts so when the news release hits you already know the direction all for two things time zone trading tentacles do we support a resistance trend lines supply demand higher time frame it's mainly going up to us like the h4 mainly staying on h1 understanding how to get between all of those factors decided in the market so you can understand when the news do hit you know what the market is gonna go okay so right here for example I'm joined right now just on wake so you gots to see supporting the resistance areas like I'm not lying like their market ready does this crap see you look wick market breaks it and I look the market breaks it takes a big candle to break that so when it came back here to test that structure okay as you can see comes back intestines that structure the market decides to continue break big candles breaking this is only zoomed out when i zoom in is a whole different story so if I want to figure out what the markets gonna be doing right now okay is that an area of resistance supply-demand all that stuff is just zones of support and resistance I could go all day drawing on support and resistance areas but the topic is you know just understanding structure so this is basically step one understand your structure I love h1 you see me draw my whole life of 4 X on each one all right so I did enough drawing on this left side so guys could see how you know eventually goes into the future in the market there's no net reality of the market right so we zoom in let me see how all this plays all beautifully all right so wherever the hell I drew over there on the left you guys can see how it respected right here this is NFP stop into the low mark you came up annoy reason why I know that's NFP because I traded it it's what no where is that this is an EP stop put into that low hit the structure and look it shot right back up that was a news event Marcus shot through look it takes a big color to break it and look at retrace right back through it broke through the structure once again this is all structured so when we try to draw our supply and demand zones with understanding all that structure you go to the h4 chart mainly and you take two square now octane is what I taught you you get to square it up alright so you double click here you go to customize and then this box you're gonna have shapes in size so eclipse is to say if I wanted Eclipse I want insert it and now I'll have Eclipse pop-up here I'm gonna use that so what I do is you know I'm gonna remove it and that's how you get your shape so in this case it's how you get the squares squares are used to use supply and demand zones – right here what we're doing is we're taking a box we're gonna drag it across well h4 chart how do I get that it's very simple wideout draw like this where the wick isn't standing up too low you can take it to draw it to the tip of the body make sure it's a little accurate and doing if you have to perfect all right so right here we have an area of demand aka support okay just none of this is resistance this is also PI I mean this is all demand this is all support so what happens is the market got in and came back I'll try to break it went back out try to break it finally broke it and decided to go right back out no why was that it cuz there's another area of demand down here okay wick to tip Abadi H return a.load to draw my zones alright so h4 chart I love to draw my zones right here we have an area of support as you can see the candle later he came down touched it okay it touched it and then it shot right back up then it broke the zone with a big candle I can't make this stuff up this happens every single day you can see it right here on the h1 chart as well and here's the fun part that came from a weekend reversal so right here I'm gonna bring up the weekly reversal once again structure is out the load this is a double bottom ok we have a double bond formation right here and a market shot up also we have an area of supply and demand once again the drawing on h1 2 as well like any text messages out the world's alright so right here we have an area of DeMint training is very very boring by the way when you get rid of a good at trading trainings bori it's not fun it's boring as so right here once again the reason why I drew from here that was body there's wicks and this is where it ended before he went up it's what I did was I took you from the wicks and I extended it to the bottom part in his body and I standing into the future notice where market came back in tested out zone and hit one two three and every verse it came back and tested a strong area of support before it shot up not only did do that ok it was over it was over Souls right here before shot up over Souls right here where I tipped the zone before he went up but we still in the nude he still understands that it was a Nam that downtrend plus it was a double top you don't want to buy on the double top right here is a double top you're waiting at the weekly low for that that by now how would you have known that was a weekly low by the pushes very simple you have this affected to buy off of the pushes h1 chart whenever levels that's number one is your level – here's your level three all right got your three pushes and I'm gonna mark his hat mark you decide to shoot up after is three pushes so when it did a double top you knew it wasn't telling to buy you're waiting for that double bottom the structure was not ready fully set and never retested that low and there was no double bottom for you to buy it when it did a double top so your patiently waiting that goes back to 90% mental 10% technical you had your mark up but she wasn't ready yet so impatient people I never go down and it's not really fun because we get to trade highlights it's nuts um 36 pips negatives before you want to wet positive your goal is to wait we nice help the railroad track right here okay so now that we have the three pushes and understand it's gonna be three pushes up before it goes three pushes back now right so right here yeah level one this is how you trend trade people okay it's understanding to push this in the market so look three there was no double top yet so what you think the market has to do finished a double top you know it was good a logic all right so uh all right so right here there was no double top so the market acid go compete a double top how is the market in completely the double top one you have a zone okay stand out to the future all right you stand a guy into the future that's your double top and right here as you can see you did a forty push three to four and push this is the rule right here's your fourth wish what up mom one of my business partners has texted me a second all right my bad alright so right here we have a fork push so we got one you got her – we got a three we got a four no let's get a little bit more fun with it you take our trend lines here's your wick I take the from the body of the bottom candle and I draw on my trend line from the low to the high here's your wick boom now you see how it trends so right here you bring out those eclipses let me get those a clip so let's go with uh I probably want to I've brought this album it's really just a key point various so we have right here what a trailer I started are a technical analysis otherwise glitched up MC for its crap alright so anyways um yeah it doesn't matter if it goes through the body in a candle that doesn't matter I'm gonna spray why this is just gonna try to be mind-blowing for y'all what's up some of y'all a turn line is daddy what it has three touches wow just clips crap it's kind of part what the hell is happening I'm really trying to drag it but uh he's kind of stuck so right here you see it there one it did too didn't it three touches bang right look how valid it is you got what your one push you got to push you got three pushes and it P stop prints the wick is candles on a longer time frame correct that is module percent correct and your FIP you know it alright so oh right here you got u 1 u 2 u 3 stop put to the low within a P you know I kind of sold this because I knew it's the third punch I thought this is gonna be the double top but it was failed I got out anyways cuz I had to turn light no wicks are basically on the h1 chart are candles on a smarter timeframe example um all right here's a wick you guys can see channels on the f18 chart any cover seconds this reason why I don't like the in 15 chart I hate it alright see all these candles right here not that wick as you can see right here yeah like I don't understand I have an 11 thought I have 1,000 students this is why I'm recording this session for y'all because I'm really behind on work a lot of other things for my group but um I have Quillin yeah definitely hot quilt all right so these wakes that ya see on the h1 chart were just basically candles from just wanna timeframes remember this the same eclipse where it says number three look I even show it prove that by dropping an X right here that's horrible let's just drop the X right here x marks the spot right hey so h1 see that one big wick show me so in reality um it's my template I'll give you out my template in the GV group this same template I'll drop it inside the GV group later on alright so swing high and swing lows you take first of all when you do your trend lines make sure your turn line properties are set to perimeters you go to perimeters and you make sure ray is selected that's one okay to body of candle or wick of candle to below extended to the first newest lower low from the trend going up okay so this is just a lower high so what I did was I took draw the turn on again for y'all delete it enjoy I took it from here see where I grab my parts here I grabbed it and I connected the crosshair to the bottom of this wick and then look how it basically respected it into the future okay so I've got one two three it respected it a Bonnie broke it and then looked and now that same churn line that was what support is now resistance see we got support support support breaks it resistance comes down after for Devil's arise it drops number one number two level three let me mark that out like now y'all see how trends are basically made up so we got trade off the home on a scanner the homeowner scanners give me your pattern and it's saying buy me and you understand these levels you understand these trends you understand that the system is basically made up of the same crap we look at every single day and a scanner pops up a tray you perform your technical analysis with it you are gonna be 95 percent accurate now I'll see you gonna use risk management you're gonna have people like me that don't use your wrist management but it's because I understand the structure well you understand the structure you take your risk and like you gotta take a risk if you got money to play with you could take the risk if you don't have the money payment don't please don't take the risk it sounds stupid but you know risk takers is what makes things happen you know risk takers risk takers my Empire of training was built off $100 while I was only making what 375 a month I had bills I had a horrible right start training but it doesn't matter um I risked the hell out of my accounts because I know how to Marcus move but it's not about me I was wanted to also understand its structure
