Hey everyone, welcome back, welcome back. I can see you guys streaming in. That's awesome, that's awesome. Right, just let me just notify everyone that we are live across a couple of our Telegram channels, right? It's awesome. I see a whole bunch of you guys coming in, right? Pull up the chat. You guys can test out the Q&A panel or even the chat panel, right? To see if I can see the messages that you guys sent through. If you don't mind, right? Maybe just let me know where you guys are coming from, which countries you guys are coming from, right? Right, Olivia, I can see you, right? I can see your questions come through. Good stuff. I believe you guys might have access to the chat, to the chat panel, right? See if you can see it, right? Clement from Nigeria, nice to see you man, right? Okay, cool. Yeah, I can see you guys. Ikhao from, we got Ghana, from Hamaldo, from UK, Shepo from South Africa, Anand from India, Philippines, right? Mark, Philippines, Richie, Philippines, nice. Quite a number of guys from Ghana, Philippines, Switzerland. Oh, Olivia's from Switzerland, good stuff man. That's good stuff. Last time I visited Switzerland, yeah, I think I went to, I think Geneva, yeah Geneva, right? Really, really nice place, really nice place, right? I got Tanzania, right? I got Philippines or so. Lavenia from Scotland, awesome stuff man. Awesome stuff, South Africa too. Ah, quite a number of you guys from South Africa, that's nice. I also visited Philippines. I think I went to, I was on some kind of mission trip to a smoky island. Is that what is it called? I think it's smoky island or something, right? Yeah, good stuff man, good stuff. Nice to see you guys tune in. All right, nice to see you guys tune in. Oh, we got guys from Turkey too. All right, Raul also from Philippines, nice, nice. All right, it'll be a nice session today. I'm not sure if you guys know where I'm tuning in, which country I'm tuning in from, right? If you can guess correctly, you know, maybe get a prize.  Oh, Smoky Mountain, right? Was it Smoky Mountain? I mean, okay, you guys can guess fast, right? How do I know? How do you know? I got nothing to say for Singapore here. Okay, I got Tanzania, right? Albania, nice, got people from all over the world. Welcome, welcome. Nah, I'm not from Taiwan. Oh, unless reaches from Taiwan. Good stuff man, good stuff. Okay, okay, good stuff. Now, let me share my screen with you guys, all right? Let me just share my screen really quickly with you guys. See, you can see my screen here, right? You guys should be able to see my screen, right? We're live streaming on YouTube too, right? TickMeal official YouTube, so fun stuff over there, right?  So, today's, this is a, I think it would be a session for the entire year, right? It'd be a session for the entire year. Every two weeks, one to two weeks, right? We will touch on, we'll start the beginning with the beginner kind of sessions and we work our way up to the more advanced sessions, so if you would join me on this journey, it'd be a very exciting time, right? Where I can really take your trading to the next level, right?  Trading these things profitably and ideally, of course, full time in the future, yeah? All right, all right. Anyone here for the first time though? Is anyone here for the first time? This is our second session, right? So I'm not sure if anyone's here for the first time. Yeah, I think, I think now that we're doing it on the YouTube live, right? The recording should be available for your reference, right? Yep, that's right, that's right. First time, first time, oh, awesome. Many of you guys the first time. Welcome, welcome, right? It'll be a journey, it'll be a nice journey that we have together, right? I hope to see you guys week in, week out. I'll be showing you guys how to get access to the VIP tick meal room, which should be launching in probably the middle of May towards the end of May, right? That's where you can join me and my team and we can guide you to be on a day-to-day basis, you know, you can run your analysis by us, you can practice, you can teach you. All right, now anyway, without further ado, let's begin today's session. Oh, second time, nice to see a couple of you guys, second time, welcome back, welcome back Agnes. All right, so anyway, for today's session, Technical Analysis 101, this is me, your host for today, Desmond Leong, right? So we are finalists for the, can't draw, we have a pen here. So we are finalists for 2019, 2020, 2021 for best effects research and 2020 and 2021 for best equity research, awarded by the Technical Analysis Awards, right? So I run a team here at Avers Fortune Group, right? Institutional Research House, we usually send our research to the largest banks and brokers out there, right? But we have a special partnership with TickMeal where we are bringing you guys the good stuff, the juicy stuff, you know, the stuff that will take your trading to the next level, all right? Then if there's anything I want to encourage you guys is that you don't need 30 years being in Bloomberg, you don't need 30 years learning a CFA, you know, master's in finance and stuff like that. You know, all you need to do is to spend 30 days learning the right stuff and you can take a trading to the next level. I'm a relatively young guy, I'm coming on, I'm 32 years old, right? I'm gonna be a dad anytime this week, right? You're gonna be a dad anytime this week, over the next four days actually, right? Just waiting for my wife, right? And yeah, you know, thank you, Martio, thank you, right? Thank you, Alan, right? Thank you guys, thank you guys, right? So yeah, you know, I'm spending my days leading up to my wife giving birth, you know, with you guys, right?  She'll be like, hey, my water bag broke, right? And I need to rush over, yeah? There is a recording, it's on go-to webinar. No, it's on Zoom. I will get the TickMeal team to upload it. Put it into a nice little playlist for us to kind of go through together, right? Yeah, yeah, yeah, Richie, I did, right? I'm gonna name him Elliot, right? After Elliot Wave, right? No, no, no, I'm not gonna name him Elliot.  All right, man, all right. So yeah, you know, let's begin today's session. Maybe an awesome time, right? I can let you guys know that I'm trading full-time myself, right? Profitably. Took me a long time, it didn't take me 30 days, right? Took me over seven years to learn how to trade, but I went through the hard stuff and made the mistakes so that you don't need to make the mistakes. And I'll run a research firm that sends our reports to the largest banks out there, largest brokers out there, right? Really, we have all the awards, you know, we agree, but I've done the filtering to know which are the correct things to look at, which are the correct analysis, technical analysis to look at, fundamental analysis to look at, what are the things to focus on, you know?  Studying, you know, we're training our world of academia, we're studying, you know, we can learn the right stuff, we can never learn the wrong stuff when it comes to studying, but the tricky thing about trading, right? The tricky thing about trading is that you can learn the wrong stuff, right? You can spend all this time learning maybe about gun angles and then realize that gun angles actually make you trade unprofitably, right? So that's the dangerous thing, right? In trading, remember that one of the worst things to do in life is to run full speed in the wrong direction, all right? To run full speed in the wrong direction. So take your time, get your bearings, right? Learn the right stuff then apply it correctly. Even when you talk about stuff like trend lines, support and resistance, supply and demand, Fibonacci, right? Elite Wave, there are correct ways and there are wrong ways to apply it, right? And in the world of Instagram, you know, you see a lot of Instagram traders out there. You can really, really learn the wrong stuff. There are a lot of wrong stuff there, right?  The stuff that I've used myself, right? I've taken my training to the next level, right? And I believe, you know, as we work through this together, week in, week out, we practice, we practice, you know, you can take your training to the next level too. It'll be a fun time, right?  But it'll be a fun time where, you know, we'll go through this journey together, yeah? I look forward to seeing a lot more of you guys around. Now, let's move on. Okay, what do we expect in today's session, all right? So I'm just gonna touch really quickly, right? And this is an important thing, you know, we need to go back to the basics of technical analysis, right? Because sometimes people focus too much on, there's nothing wrong in technical analysis. I love technical analysis. My forte is in technical analysis, but the danger is that there's a lot of, in the world of technical analysis, you can learn a lot of wrong stuff, right? So we're gonna look at what is technical analysis, right? The different types of technical analysis, you know, the indicators, the oscillators, the trend lines, the charts, the calculations, right? What are the different ones? Which one works best? Which one, my personal opinion doesn't work that well, right? Then we will be combining them together, right? Combine them together, and yeah, you know, I'll show you how there's this concept of confluence, right? When you combine them together, you can actually get pretty good, decent kind of setups, yeah? But all right, now let's begin, let's begin today's session, all right guys? So what exactly is technical analysis, right? So let's just focus on what is technical analysis, right? So in the world of trading, you know, there's usually two camps, right? There's the fundamental analysis, right? So there are guys over here who are the fundamental analysts, right? And there's the guys over here, which are the technical analysts, right? Although most of the time, they seem like two different camps, they actually work pretty well together, right? The guys over at the fundamental analysts, right? They love to look at the news, right? If you ever seen the economic news calendar, you know what I mean, what I'm talking about. Let me see if I can pull that up, you know, for you guys in real time, all right? I take mail economic calendar, all right. Okay, for example, over here, take mail economic calendar. I really, really love take mail economic calendar. It's kind of, it's a lot nicer, neater than what most people have, right? So it's a nice little economic calendar, shows you what are coming things for the day, what are the high impact news orders, right? High impact news events, right? Over here, you can see, you know, it's pretty cool stuff, right? It can scroll through economic news events. These are things that let me toggle to the week. I love to look at it from a week format. So you can see what are the important news events for the week. So the people who treat fundamentals, they really, really like to look at this, right? They like to analyze a little bit of the, they actually borrow this theory from econ metrics, econ metrics, right? Where you look at stuff like the CPI data, PPI data, you know, the trial forecast was a non-fump payroll, that they look at interest rate decisions, right? Fundamental analysis, okay? So there's that camp, which is the fundamental analyst. Then there is the camp where it's the technical analyst. And technical analysis are stuff like charts. So, you know, you can be looking at stuff like this, right? Charts over here, you know, got a different charts, different charts, right? This is the world of the technical analysts, okay? So two different camps, but they are both working towards the same goal, right? It's not economy metrics, right? Actually it's all econometric, yeah, econometrics. This is the term econometrics, where statistical methods to analyze economic data, right? If you really, really love math, you can do it. I actually did a lot of, I actually dug quite deep into econometrics to try to forecast stuff like CPI, PPI, you know, all the different kinds of news releases, but I can honestly tell you it's pretty tough. And actually not that, not the accurate, not the accurate, right? Especially at least in the world of FX in trading, right? What we'll be focusing on today is technical analysis, right? Technical analysis. So the concept of technical analysis is, you know, we're looking at charts, right? We're looking at charts. And the basis of looking at charts is that there are many ways you can interpret price. There's many ways you can interpret the charts that you see. For example, for example, if I'm going to pull out my chart over here, right? And I notice, and you know, it is not by, it is not by any stroke of coincidence that if you look at it over here, this reversal back in August 2020, and this reversal back in March 2022 happened at around the same time, at about the same level. If I draw a line all the way across, it's just about at the same level, right? You know, pretty close. Now it is not by chance that this occurred, it's by technical analysis because what is the psychology of people who are trading, in this case, goal, right? So we're looking GC1, that's the symbol for goal futures, right? Which Tick-Ming also offers futures when you train the goal. So take a look at it, guys, right? But what is the concept behind here? Technical analysis is all about trading emotions when it comes to trading, right? The behaviors of traders. And if you notice that in the past, when everyone was bullish on goal, you know, look at that, right? Goal is just rising and rising and rising and rising, rising, rising, going all the way up. So everyone was so bullish on goal. And when it finally reached this level, it suddenly, you know, for the next, what, from here to here is a two years, right? For the next two years, it just went down, went down, went up, went down, went up, went down, right? So the people who were holding on to goal here, you know, they are in for a tough time, right? They are holding on to their positions. They are cursing their luck and they're like, oh man, right? I mean, for a tough time over here, right? And when price finally comes back up to here, what do you think those people who are holding on to their trades over here, who got in at this price over here, what do you think they're gonna do? Everyone is looking at this and in their mind, what they're thinking about is, oh man, the last time price reached the 2000 level or rather the 2000 and 80 level for goal, it gave me nightmares for the next one and a half years, right? It just went down and it went down and went down. I have a little bit of profits now. Price is finally, finally back up to here. What am I gonna do, right? I'm gonna cash out. I'm gonna take my positions and gonna close off my positions. My long positions, I'm gonna close it off. So it becomes, you know, you need to sell it off, right? And that causes influx of sell orders that comes here and it pushes prices down, right? So it's, this is technical analysis, right? This is technical analysis. There's nothing in fundamental analysis that says the fair value of goal should be up here, 2086, right? There's nothing actually says it there, but rather it's the technicians, the people who are looking at the charts and realize that, oh man, the last time price was at this level, it finally dropped and it took me one and a half years of waiting for it to finally come back to this level. And that is why I'm gonna close off my position when it comes back here. So that is technical analysis looking at past price movements. This is technical analysis at its core, at its simplest terms, right? That means at its purest form, you know, it's just looking at price. Without all the fancy Fibonacci, without all the fancy trend lines, Ichimoku, osculators, moving averages, gun angles, right? Without all of that, this is at its simplest term, technical analysis, looking at price, looking at the chart and interpreting it. Of course, other forms of technical analysis are like chart patterns, right? Chart patterns, yeah, round number resistance, right? People are thinking, you know, sell it at 2000, sell it at 3000, big, the concept of big figure, right? They call it big fig, right? It's a, it's a, it's called big fig, right? So that's big figure, right? So sometimes, you know, the banks don't say, can you sell it at 2086.35 for me, right?  It's, that's what a big figure is, right? So it's also technical analysis, that's right, Richie, you know, it's just, you know, the way people communicate, right? The big traders out there, they don't, they don't jump into the small, little decimal points and say, yeah, you know, 198.20. There's like, close it off at 1900 for me, right? And that's why I usually around this round numbers, right? You see a lot of, see a lot of movements, right? Around this, what the, the, the, the, if you want to sound a little bit cool, you know, you can say, yeah, it's just big figure, big fig, right? But anyway, now, this is at a similar time, and of course you got stuff here, right? Look at this price action. Why did price come all the way down here, then bounce up? Was it a coincidence that price bounce up once here? Price bounce up once here, price bounce up once over here, price bounce up once over here, price bounce up once over here. Was it a coincidence that price, where is it? Price shot down all the way down, touch this level and shot back up, right? It's not a coincidence that this kind of things happen, right? There's a certain math, not even math, there's a certain psychology when this kind of things happen, and that is the concept of technical analysis, right? Looking at past price action, right? Interpreting chart data to try to figure out when's the best time to get into certain trade. So if I was buying, right?  There is a higher chance that price might bounce up than breakthrough this level, right? So I would buy here and price bounce up, right? So this is retrospectively looking at it, but you know, if you're even a very beginner trader, you're just gonna look at the chart and you're saying, oh man, the last time price broke past this level, it was in 2020. It has bounced above this level seven times since, right? What are the chances that it's gonna bounce up again? Yeah, I'm gonna take my chances that on the eight times it's gonna bounce up still, right? Because clearly there's a nice support level there. So this is an example of supply and demand zones, right? This is an example of support and resistance. This is an example of price action. If people miss the move here, right? If you were a little bit wary and you waited for this move to occur, right? Price action, which is like candlestick patterns, using it to interpret price movement, we'll see that this is a huge sign of bullish, bullish indecision, right? Price actually push himself up very nicely and you know, you can then get into another trade to push it up a little bit further. When it comes to technical analysis though, the trick is in knowing, is from playing one distance, one support to one resistance, one resistance to one support. I can let you know that it is much easier to play from this level to this resistance level over here, then to play it all the way up to here. Now, let me give you an example, right? Let me give you an example. The further something is, this, let's talk about locus of control, right? Locust of control, right? So let's just say, let's just say, let me think of an example, right? We can say with a fair degree of certainty that tomorrow, right? Tomorrow, the world, you know, whichever country you're in, whether you're in Philippines, you're in South Africa, you're in Switzerland, you can save a fair degree of certainty that tomorrow will be like today, that your country will not be at war, right? Your country will not be at war, your country will not be, you know, you will still have food on the table, for example. However, so that is within your locus control. So if this is you over here, right? This is you over here. So my drawing is terrible, right? Your locus of control, right? If you're just predicting one day, what's gonna happen the next one day? Your locus of control is really close, right? You have a high degree of certainty. Maybe you can do it with a 99% certainty that's gonna happen, right? So this gives you more control, okay? Now let's just say, let's just say, I ask you, in 10 years' time, in 10 years' time, would your country still be at war? You know, what would be the state of your country be? You know, what the value of your currency be, right? From here, then maybe 10 years later, this is your locus of control is much further away. So maybe you can only save a 20% certainty or a 10% certainty that, yeah, you know, I think my, you know, the Switzerland, frankly, you know, would still be a pretty strong currency, right? The Philippine peso, you know, I think the value was still whole, right? So, you know, it's, the further something is, there's a more indecision between where you are currently to where it is, right? There's so much in between here that can change.  So in terms of technical analysis, right? One piece of advice I can share with you guys is that it is much easier to focus on things that are within your locus of control. And usually technical analysis allows you to play from one support to one resistance, one resistance to one support. It's rare that you can, I'm just gonna delete everything here. It's rare that for example, I can forecast with a high degree of certainty, right? I can forecast with a high degree of certainty that price might bounce from here and it might come up to here, from here to here. It is much harder for me to forecast that price will come all the way up to here because there's a lot more things that might happen in between. Yes, Alan. So technically the further the timeframe, the lower the probability, but not necessarily the timeframe, right? Well, yes, technically the timeframe is one thing, but the number of bars in between where you're forecasting. Okay, number of bars in between where you're forecasting changes the probability a lot when you're trading. Okay, that's a key consideration. So in technical analysis, try to play from one resistance to one support, to one resistance. Let me see if I got an example over here. I got a couple of examples on, for example, I think it was calling Euro dollar. Was it Euro dollar? Let me see this example here. Euro dollar, for example. Okay, so I was calling Euro dollar. You can see, right? It's a four hour chart, right? I was calling Euro dollar. This was a life analysis on my chart. So I was saying that, okay, price has broke out of this green line, has broke out of this descending resistance, blah, blah, blah. I think that there's a high chance that price might go from here up to this level at 1.0938, right? But I can only forecast with that much probability that price can hit this level at 1.0938. I won't forecast it to come all the way up to here, right? So let me show you how we play from one level to one level. Let's go look at Euro dollar. Let's go look at Euro dollar on the four hour chart. So this was the move I was calling, right? I'm going to show it to you here, right? Same move, buy entry here, shoot up to 1.0925, okay? 1.0925, I did a retracement all the way down, right? Maybe 1.0925, you can see how price shot up to that level over here, right? 1.0925 about here, touch this level, and you notice the beautiful thing about that is that it touches this level and then drop back down, okay? It will be very tough for me to forecast that I can call the price to bounce up from this level, right, which also I did a call for price to bounce up, but it's very hard for me to call price to bounce up all the way to here because again, locals are controlled. Technical analysis, you can imagine the moment something is done, trend line is broken, or support resistance line is broken. It has the most momentum is the freshest, right? Think about yourself, you know, buying fruits, right? You know, it's a freshest when you first harvest it, right? That is his freshest. That's the thing with technical analysis. The moment it happens, that's when it's the freshest, it's the most powerful, right? As the time goes by, it gets weaker and weaker and weaker, right? So this, for example, this breakout over here, if price broke out over here, sorry. If we're talking about this trend line, oh, sorry. If you talk about this trend line over here, and we say, oh, price broke out from this trend line and it's going down. The further it goes from the breakout, the weaker and the weaker and the weaker it gets, it's the most powerful when it first breaks out over here. Okay, and that's the concept of technical analysis.  When technical analysis is the freshest, right? When it first happens, right? You cannot look at these technical analysis over here, right? You cannot, for example, I cannot look at this level over here and say that, because this breakout happened over here, I am bearish over here. It happened so long ago, right? So a lot has happened in between, in between. You look at all these things that happened in between, right? So you cannot look at something in the past to say that it's happening over here. It is, when this breakout happened and it went down, this was very strong, this was very powerful because it happened, it just happened, right? So that's the thing that I want you guys to to be very wary of them. It comes to technical analysis when it just happens, it's the strongest and because of that, that is closest to what we touched earlier, your locus of control, all right? So this breakout here, you know, can see it happen. And let me just show you the very, very next analysis that I did, right? There we go over here. Hey guys, welcome back to another session of using tech. So it's the same thing, right? So we make the profitable trade, right? I did my analysis, price shot up to my tariff level. It's the same euro-dollar analysis, right? And let's take a look, let's take a look what happened, right, let me just zoom in fast forward to the end, right? And you can see, I will say my sell entry is over here, right? My sell entry is over here, my stop loss is over there and I'm playing for price to go down to my take profit down here. We come to your dollar, what happened, right? Same thing happened, price reverse from here dropped down to my take profit. Now you notice that if I had called for price to went all the way up, I wouldn't have made money on the first trade and I wouldn't have, and I get stopped out, you know, I will still get stopped out because what happened on the second trade? But what I did, right? What I did was I called for price to come up to here and then I called for price to come down to here. So I made money on this and I made money on this. That's the concept of technical analysis. You know, you need to trade in when it's hot. You know, it's like fresh bread, right?  The bread is fresh. I'm not sure how many Italians are here, right? You guys love your bread, right? When the bread is fresh, you eat it. When the pizza is fresh, you eat it and it's great, right? That's what I want to do here when the analysis is fresh when the technical analysis is fresh, you trade it. You don't wait for it to turn cold, right? So you trade the fluctuations that happened in between and this is what technical analysis is particularly good for. It is a little bit harder for me to call the move all the way up to here or call the move all the way down to here. But I know that because of what, you know, the breakout here, the breakout here, you know, over time I'm gonna teach you how to get these kind of calculations, correct? You know that you have a high chance that price might just shoot up to this level and that is all you need to trade, okay? You don't need to go for 100 pips, trade 200 pips, 300 pips. It's all about risk to reward, okay? Now I just noticed that I haven't been looking at my Q and A, okay? What's your recommended take profit level? Can I explain the risk on, risk off or risk on? Okay, I'll explain all that later. Now, let me talk about, let me ask you guys, all right? Which trade is better? Okay, which trade is better? I'm gonna give you two examples, okay? I'm gonna give you two examples. Your take profit is 80 pips, okay? Your stop loss is 40 pips. Or your take profit is 24 and your stop loss is 12. This is trade A, this is trade B. This is A, this is B. Which one is better? Is trade A better or trade B better? Number of you guys are saying it's B, wow. B is better, okay? Some say A, 80, 40, 80, 40, you make a little bit more pips, right? A little bit more pips, right? We got really a lot. MT saying it's the same. Ah, I like Andrew's answer. Martin was saying the four, yes. Guys, it is the same. It is the same. You take 80 divided by 40, you get two. You get 24 divided by 12, you get two. Your risk to reward is the same. That's exactly the same. So, you'll notice that there are a lot of a telegram or Instagram traders out there and they're like, look at me, I made 100 pips of profit, right? Yeah, you know how many, anyone, this is one piece of advice, right? One piece of advice that I wanted to share with you guys. Anyone who says that they have, they use pips as their main measure of profitability, like how many pips you made, how many pips you made, is not a serious trader.  For example, okay, let's just give an example over here, okay? Let's just say I have this trade. This was my entry. This was my tech profit over here, right? Let's just say we managed to catch the trade and it went all the way up. You know, it went all the way up to here. This was our entry and the trade went all the way up to here, okay? We have this trade over here and we have the same trade. Just let me resize this. We've got one trade over here and I got another trade. Same trade, same profit, right? But my stop loss is here. Which trade would have made more money, right? Trade A or trade B, if I was risking, if I was risking the same amount on this trade, okay? Can see a couple of you guys answering now. No, no, okay, I can see Alex saying both. Now, the important thing to consider here is this thing when you hold your mouse over, right? You click on this. Your risk to reward, okay, I'm not sure if you can see it, is 7.51, okay? So if you're risking 1% on this trade, you have made 7% on the trade, okay? Over here, your risk to reward is 2.32. So if you put in 1%, right? And you hit your profit, you make 2.32%, right? So the concept here is that your risk to reward is super important and it's not something that most people look at. How much you risk versus how much reward you get is super duper important, all right, guys? But so in terms of take profit, you must adjust your risk to reward correctly, but I don't want to digress too far. Let me just make sure I cover everything that we need to cover today. So I was talking to you about the, you know, different types of technical analysis, okay? All right, there are some things that this thing called the on-chart indicators, okay? On-chart indicators are stuff like moving averages. You can see the big moving averages. There are the Bollinger Bands. You know, you can see the blue ones over here, the Bollinger Bands. These are the Bollinger Bands. Donchin Channels, there the Ichimoku, there's a parabolic star. There are a lot of these things that are called on-chart indicators, okay? Meaning that they appear on the chart, you load it as an indicator. How easy is it to do it? Well, it's really, really easy. This is a chart on Eurodollar. All I need to do is to click on indicators, right? Click on indicators, Ichimoku Cloud. Bam, I got indicator. Moving average, bam, I got indicator. Moving average crossover, bam, another indicator. If I want to search Bollinger Bands, right? Bam, I got another indicator. Donchin Channels, right? Bam, I got another indicator, right? All the different indicators, but the danger, of course, right, is that you might not be able to forecast price correctly because there are too many indicators there. Now, Subesh, I can see that you're saying that the chance of A reaching 80 is much less than B reaching 24. Yes and no, I understand the concept, right? So you're right in the sense, right? We're talking about pure risk to reward. They will have made the same amount of money if you're risking 1% on each of the trades, okay? Now, so yeah, so these are called on-chart indicators. Easy for you to load, right? And easy, and it does all the calculations based on price for you, right? So there's less, yeah, you can't even see the chart, man. Once you're done, look at this, right? You can't even see the chart. So this is what I mean by on-chart indicators, okay? Now, the next thing that we want to look at is, of course, off-chart indicators, off-chart indicators. These are the indicators, right?  This are the stuff like here, you know? This is stochastic, this is MACD, this is RSI, this is the volume, ADX, ATR. All of them, yeah, I know, I like it a little bit crazy, right? So I just want to tell you that there, you should not be putting on so many indicators when it comes to trading. The beauty is in the filtering, knowing which indicators to pick. Yes, Mark, we should only pick a couple, right? I'll tell you which are the couple that I usually pick, right? But so the important thing is not to pick, it's not pick indicators that say the same thing, because that can give you a false sense of security, okay? For example, what do I mean by that, right? Moving averages are trend indicators, right? Ichimoku are trend indicators, right? Actually Ichimoku is made up of moving averages, right? Just a different calculation put onto them, right? So if you look at it that way, right? So if I were to put on a moving average, right? And I would change the moving average to, for example, may I change it to 50, right? I'll be like, oh, okay, price is below the moving average is bearish. Then I throw on the Ichimoku, I'm like, oh man, price is below the Ichimoku, it is super bearish, right? And then you start to sell, thinking that price will go down. Now, the problem with this is that your confidence is placed on, is wrongly placed. The indicators are giving you a false sense of confidence, right? What do I mean by that? It's because moving average is a momentum indicator, right? Moving average is a momentum indicator. The Ichimoku cloud is a momentum indicator. They are both telling you the same story, but just reading it from a different page, right? Is that the correct term for a different page, a different book? But they're both telling you the same story, right? Maybe one is told by the first guy's point of view, another one is read by a second guy's point of view, but they're both telling you the same thing, right? It's not so much whether it's lagging indicator or not, but yes, lagging indicator is one example, but you cannot use too much of the same indicators because it's gonna give you a false sense of confidence, right? So in this example, right? This is an example of having a false sense of confidence. Another example is when you use something like the RSI and Stochastic, right?  Fodden, yeah, right? And go back, oh, Stochastic is at 36%, Stochastic is at 8%, RSI at 34%, right? So it's overbought, right? So because in this case, you know, we're expecting Stochastic to bounce up, we're expecting RSI to bounce up, right? That means price should bounce up, right? And that's the danger because Stochastic and RSI are both essentially just oscillators, right? So if you're overbought, oversold, you know, they both can tell you the same thing, but they might not be accurate because they're both telling you just, you know, the same story, but from a different point of view, right? Yes, exactly, exactly rich here. You know, don't just go heavy into this, into one indicator when they're just telling you the same thing, right? So it's very important to combine indicators, yes, combining indicators from different camps. You combine the Stochastic, right?  You throw in a little bit of pivot points, right? Throw in, you know, all these different things they can throw in, even throwing correlation, right? To get a high probability setup. High probability setups are done when you throw in different indicators, each one telling you a different thing. For example, for example, let's just say in this example over here, let me show you an example. Was it a Eurodollar one day chart? Okay, let me do a bar replay for you and show it from you here. Okay, let's just say we're doing analysis on Eurodollar. Okay, guys, let me show you what I mean by combining indicators correctly. Let me show you what I mean by that. All right, so we're looking at Eurodollar, right? So you're looking at Eurodollar and like, hey, okay, I'm gonna draw a trend line. Oh, okay, cool. Look at this trend line, right? Price is reacted one time, two times, three times, valid trend line. Price might be approaching it one more time, okay? I have it here. And then you load and then you see, okay, I not only have a trend line, I also have a channel, right? Something like a channel, I think. This could, no, sorry, it's a little bit steeper, something like that. Hey, not the best channel, but I say you got a little bit of a channel over here, right, there'll be a channel over here. There we go. All right, so bearish momentum, right? And I throw on the Ichimoku cloud, right? I'm going to, of course, I'm going to remove, I'm just gonna use the cloud in this example. We've got Ichimoku cloud over here, okay? And then I do my Fibonacci retracement, right? From here down to here, okay? Now I'm going to just leave the, oops, sorry. I'm gonna just leave the 20, give me a second. 23% retracement, okay? So prices start to come up to here. Now when price reaches this level, okay? Let me show you. Price reaches this level, there is a Ichimoku cloud, there's a trend line. So we got one, we got two, right? And we got 23%, sorry, we got 23% retracement, which is the third point, correct? We can actually even do a Fibonacci, this kind of Fibonacci extension shorter term timeframe, right? And it shows us that there is a 127% Fibonacci retracement that comes all the way up to here. So we've got four reasons why price might come down, okay? So this is what I mean by confluence, you know, you use retracement, you use extension, you use trend lines, you choose Ichimoku, let's throw on an indicator, right? You look at stochastic and stochastic also tells us that it is in an overbought region, right? So it should be reversing. So this is our fifth reason why price might reverse from there, right? Okay, Krista, I know, this should be recorded on the TickMeal YouTube, right? Because it's a live webinar. So you guys should be able to rewatch it, right? But okay, now let's just take a look at this, right? So when this happens, what happens next? Bam, one time, two time, three time, what happens? Price reverses, reverses, reverses quite nicely. There you go, right? Price reverses nicely, right?  You got five, six different levels, six different reasons why price is gonna drop. So that's what I mean by combining indicators.   You're gonna get analysis paralysis, right? They're gonna be way too much, right? Well, you don't necessarily need six, right? Usually three to four is enough to confirm a decent move, right? Not to confirm, but remember in trading it's all a game of probability, right? All you need to do is to have a higher probability than the mark of being correct than being wrong, okay? If you have 60% chance of being correct and a 40% chance of being wrong rinse and repeat enough time, you'll be profitable, right? So the concept is to get as much confluence as possible, right, then, you know, you have a good enough chance to be profitable, right? Chance, remember, probability of it happening, not confirmation, okay, guys? Really important thing for you to take note of, okay?  We've got support and resistance levels here. I told you before, price bounce up really nicely. Price is likely to bounce up again. So you've got support and resistance. We've got trend lines, channels, chart patterns. This kind of technical analysis is not something where you can click and you appear, okay, what do I mean by that? This requires a little bit more finesse, right? This requires a little bit more technical know-how. For example, right? Itchimoku can be as simple as clicking on, there you go.  It's as simple as that. It's the same thing as moving averages. You can turn it on, you know, you can turn it off. Turn it on, you can turn it off. Now, when it comes to on-chart drawings, that's where it's slightly trickier because you need to know how to draw it correctly. For example, if you were drawing, let me just remove this. If you were drawing a trend line, right? If you're drawing a trend line here, right? And your approach to drawing trend lines is different. If you don't take the wicks, right? And you just take the bodies, right?  What you would have noticed, and I'm just gonna do a barry play of this level over here. What will happen when price bonds up one time over here is that you're gonna look at this and you're gonna be, oh man, price has broke out. Time to trade and play a bullish rise, right? But the reason why this happens and price actually suddenly reverses and then you get stopped out over here, the reason that happens is because you didn't take the wicks over here when it comes to drawing a trend line. So when it comes to on-chart drawings, it's slightly trickier because there's a level of interpretation that you need to use, there's level of discretion. You can't just turn it on like this, draw me a trend line and then it's automatically drawn, right? Draw me a moving average and it's automatically drawn. We can't do that, right? When it comes to on-chart drawings, it is slightly trickier. You actually need to, what's the word for it? You actually need to draw, interpret it and draw it yourself. That's why it's not as easy, okay? It's subjective, that's right, there's a lot more subjective and that's why you kind of need to stick to, we'll be touching on something on trend lines in the future, definitely, all right? But for starters, I can teach you how to draw it currently but you notice that all you need to do is move your trend line a little bit higher and then this would have been a profitable setup, you know? So when it comes to this kind of techniques, support and resistance, trend lines, channels, chart patterns is more subjective. It's not something you can turn on and turn off with a simple click of a button, okay? It's something which you need to practice, practice, practice over time. You know, I'll teach you the psychology of trend lines, of channels, of support and resistance, supply and demand and over time you can practice it and the more you practice it, the higher chance you can be of being profitable, right? But remember, when it comes to trading, it's all about finding confluence, right? So in this example, which I showed you guys over here, it's not only about the trend line over here, right? Let me just draw again. It's not only about the trend line that caught price over here, right? It's a trend line. It's the Ichimoku, right? It is the Fibonacci retracement that comes down to here which is the 23% retracement, right? Every single thing that lines up, you know, adds up, right? It doesn't, it just slightly increases the probability. So a trend line by itself might give you a 30% chance of being a profitable trade. If price is in the Ichimoku cloud, it might give you a 15% chance of it being profitable, right? If price is testing the 23% retracement, it might give you a 15% chance of being profitable, right? By themselves, 30%, 15%, 15% is not profitable, right? However, when you add them up, right? 30 plus 15 plus 15, you now have a 60% chance in this example of being correct, right? You then throw in the stochastic, which we talk about, right? Stochastic, you can see price is going higher. Stochastic is going lower. You have divergence. You give yourself an additional 10%, right? You notice that price reacted multiple times from this level and it reversed nicely, right? Stochastic is an overbought zone. You give yourself another 10%, right? So 60 plus 10 becomes 70, plus 10 becomes 80. Now you have a 80% chance of being correct. That, of course, these numbers are taken a little bit out of context, right? But this is what I mean by confluence, right? Stochastic, I usually go 21, 3, 3 or 34, 3, 3, but this is what I mean by using the confluence of indicators that adds up together to see whether you have a high probability chance of being correct, okay? So you can see from here, you know, then there is the on-chart calculations, which I will touch on is a little bit more advanced, knowing how to use retracement expansions, extensions, expansions, projections, elliott wave theory, harmonics. These are a little bit more advanced. And we will be learning it in the future. What I always encourage you guys to do is don't take everything from here, don't take everything from here, and don't take everything from here, don't take everything from here. Combine them across different things. You do a little bit of on-chart indicators.  So that's a key thing that you need to focus on here. You know, don't just go all in onto one particular just moving averages or Ichimoku or trend lines or chart patterns, right? So that leads us to this question, you know, which one works best? And that's a trick question, right? But all right, if you were to make a guess, how many of you guys would guess which would be out of the, all the different things I talk about, which one would be slightly stronger than the rest? Do you guys wanna, sorry, do you guys want to make a guess? I'll give you a few seconds to guess, right? Okay, I can see a lot of people say Fibonacci trend line, trend line moving average is one of the most popular ones, right? Sorry, I just, I noticed like the stuff just flying around here on my screen. It's a little bit messy. Let me see, where did my, where did my, where did my chart go to? Okay, cool, cool, cool. I got, I see answers now. We've got trend lines, Fibonacci, Fibonacci, quite a lot of you guys say Fibonacci, sub point of resistance, leading indicator. If I'm talking about leading indicators, right? I'll give you a little bit of a hint here. Leading indicators, Fibonacci. A little bit, you can use part of the Ichimoku cloud as a form of a leading indicator, but Elliott Wave and Fibonacci are actually two really strong leading indicators, but it's very, very tough to use them correctly. We've got moving averages, trend lines, price action, trend line, sub point of resistance, EMA, taro judgment, demand and supply, confluence, yes, yes. Chandelier exit is more, Aaron says, chandelier exit is less more of a ATR, average true range, it's not wrong, but it still can kind of work too. Trend lines, okay. The strongest technically, one of the stronger ones, right? I mean, they still need to be used in conjunction with each other, right? They still need to be used in conjunction with each other, but my personal favorite is supporting resistance and Fibonacci, those two are pretty, pretty down strong. The reason why I'm not too big a fan of trend lines is for one reason, and I'm gonna show it to you over here, right? So for trend lines, right? We know that different brokers at different price feeds, right? Especially when it comes to forex. Now the danger of that, right? So I'm gonna show it to you over here. Trend lines are very subjective, okay? Now, let me go to a chart. Let me just find a chart over here. Let me see if I can find one. Okay, so let's just say, you know, we got a trend line over here, right? So you notice that on different brokers, the trend line, man, it's not a good example over here, but let's just say, let me give you an example. Oh, okay, I got the perfect example. It's called using the ray. If this is the start of my trend line, right? And you can see this is my ending point. If price, we understand that different brokers have different price feeds, right? For example, take me as a pretty good price feed. At different brokers, this might spike slightly higher. This might spike slightly lower, right? If you spike slightly lower, you get this, you know, catch this trend line, but if you spike slightly higher, you know, it ends very, very different at a very, very different place, right? So trend lines are very subjective because a little bit higher, a little bit lower, like even over here, a little bit higher, a little bit lower, you see your ending point is very, very different, right? So that's the danger when it comes to trend lines is less accurate compared to support and resistance level, right? I mean, volume, open interest, fresh data, very useful when it comes to futures, which is something that TickMeal has. You guys can go check it out. I personally love futures because they actually, even for FX, right?  Now, let's see which one works best. And of course, the trick I mentioned to you previously is to combine together, right? You need to combine them together. And this was an example of me combining them together, you know, Ichimoku Cloud, right? You got the descending trend line, right? You got the 23% Fibonacci retracement. You start from here all the way down to here, right? And then, you know, you got, you can see price over here, it comes up, right? And then you can see, we expect prices to kind of drop from there. You know, got one point, two point, descending resistance, one, two, three points. And that gives us the highest probability of price actually reversing from there, is the trick is to combine them together, all right guys? And in future webinars, I'll be sharing with you guys how we can utilize all this correctly, you know, to really, really get an accurate forecast, to use technical analysis the correct way, to use trend lines the correct way, support resistance, Ichimoku, how to combine them together, right? Especially Fibonacci to find higher probability setups. All right, guys, and there's one thing I want to, there's one bit of a favor I need to ask from you guys, right? Because it's something we do here quite often. If you don't mind, I'm gonna launch this little poll, right? Please share with me how you found today's webinar, right? And later I'll ask in the comments, right? What which areas you think I can better improve on, right? So that I can do my best to improve the webinars, kind of tailor it more and more to your liking. If there are reasons why it's not as good as you might have wanted it to be, let me know, right? I'll do my best to kind of tweak it a bit. If I'm going too fast, let me know too, right? If my voice is not clear enough, let me know, I'll do my best to try to kind of tweak and improve it so that over time, over the months and months and months that we'll be doing webinars together, you know? Hopefully you would benefit a lot from, benefit more from this and be a better trader, yeah? But okay guys, thank you so much for taking it. I'm just gonna wait for another five seconds before I close off the poll, right? Got full one minute. All right guys, all right. I'm gonna close off the poll now and poll. Okay, well, not the best, right? Not the best. We got 83% of you guys who voted four in five. Thank you very much, right? 15% of you guys neutral, right? And as one guy who is a little bit upset by my webinar style, I apologize for annoying, if there's something, but if anything, right? Let me know how it can be a better teacher to you guys, all right? Because we'll be doing this week-in, week-out, week-in, week-out, right? And I wanna know how it can teach you guys better, all right? Thank you very much for your kind feedback, of course. Okay, Taifun, no worries. Thank you very much, right? So what I wanna do, right, is head over to, let me see if I can get the link for you guys, right? It's on TickMeal, right? If you go to client tools, you go to webinars over here, right? And there's this, and the webinar is closed, really. The next one is this one, the 9th of May. I'm gonna send it to you guys, right? I'm gonna send it to you guys, oops. I'm gonna send it to everyone, actually, right? Go check it out over here, right? Please go sign up for it, right? So next one, we're gonna touch a little bit of fundamental analysis. Then we really, really start diving deep into supporting resistance, trend lines. Next week will be Cassandra, actually.  If I tell her that I need to do a webinar while I'm feeding the kids, all right? So next week, the next round is very, very, much higher chance it's gonna be Cassandra, right? Give her your attention. I seen yours, right? She's a really, really good trader, right? Managers want a 300K of her personal funds in my team, right? She passed FTMO three times. Really great trader, really, really great trader, right? And Muhammad, yes, I do use multi-time frame, right? We'll, for now, it'll be fortnightly. Hopefully we increase the webinar. Webinars will be once every week. Yeah, to be once every week moving forward, all right? Thank you, Robert, right? Yeah, yeah, I'm gonna be a new daddy in 2022. If you start seeing me have massive eyebags, right? If you start seeing me have massive eyebags, you'll know the reason, right? Because the kid has been keeping me up all night. I might be able, I might even be able to join you guys for the US trading session because I'm kept up all night, right? 1 a.m., 2 a.m., gonna feed the kid, right? Myself trade, all right, man, all right? But yes, thank you, everyone for staying with me throughout this entire webinar. I can see most 100% attendance throughout entire webinar, right? Thank you for your well wishes. Thank you for your congratulations, right? It'll be a fun time. It's my first time dad, right? So who knows what's gonna happen, right? But yes, if you have any, of course, additional feedback you want, right? Just send it into the Tick News Support, right? They'll do their best to pass the message over to me, right? Otherwise I'll be preparing for the next one. If you want to find the replay, yes, you want to find the replay. I'm gonna share my screen with you guys again. There's a high chance it's gonna work because I believe on YouTube, TickMill here, you can see that we have our playback unavailable. I'll check it in a bit, right? We just started this YouTube live, right? But I will check in a bit whether it is recorded and it is streaming for you guys to watch, but you can actually check out the TickMill YouTube channel, right, the TickMill YouTube channel and you should be able to see the recording I'll make. I will remind the marketing team, right? I'll remind the marketing team to upload the webinars into a nice little playlist for you guys, all right? So yeah, I don't have a Telegram channel, but you can join the TickMill Telegram channel. I'm gonna send you the link over here, right? It's called the, if you guys have not joined it yet, do join it. The link, the link, the link is over here, right? Go check it out. All right, it's official TickMill Telegram channel, right? Go join it, right? We do send some announcements here and there. Great guys, one of the other great analysts that I have massive respect for, Patrick's over there too, right? So, you know, you can go check out his webinars who is really awesome. The other analysts, we have a TickMill, they are really great too. You also go check them out, right? And of course, right? Yeah, it's been a great session. Thank you, Ayesha, right? Thank you, Elton, right? Thank you, Aaron, right? Justin, right? Bargaff, wherever you're tuning in from South Africa, Philippines, UK, Switzerland, thank you for tuning in for today's session. Thank you, Alan too, right? It's been a great session, right?  Oh, Uganda too, right? That's great stuff, man. Thank you, Mark. Thank you, Emmanuel. Thank you, Agnes, Milic, right?  It's been a great session. Do me a favor, job, TickMill support, tell them that you found it useful, right? And hopefully you can increase the frequency, right? And I can do more live sessions with you guys, all right? That's it for me. Thank you so much, guys. Remember, stay safe, trade safe, and peace out, guys, peace out, all right? See you guys next round. Oh, it won't be me, it'll be Cassandra. Okay, catch you guys next round. Adios, guys, bye-bye.


QuickBooks Desktop 2023. Sales by customer and sales by item reports. Let's do it within two weeks. QuickBooks Desktop 2023. Support Accounting Instruction by clicking the link below giving you a free month membership to all of the content on our website broken out by category further broken out by course. Each course then organized in a logical reasonable fashion making it much more easy to find what you need than can be done on a YouTube page. We also include added resources such as Excel practice problems PDF files and more like QuickBooks backup files when applicable. So once again click the link below for a free month membership to our website and all the content on it. Here we are in QuickBooks Desktop sample Rock Castle construction practice file provided by QuickBooks going through the setup process we do every time maximizing the home page to the gray area going to the view drop down noting we got the hide icon bar and the open windows checked off open windows open on the left hand side reports drop down company and financial. Let's look at that P and L profit and loss with the range into the change in from 0 1 0 1 2 4 12 31 2 4 January to December customize it with the fonts and numbers so we can change the font to 12 so we can see it is that OK. Yeah it is OK. And then we're going to go to the reports drop down again company and financial take a look at the big balance sheet will change at this time with the drop down to this fiscal year customize it fonts and numbers changing it to 12 so we can see it OK. OK. Yes. OK. So that's what we do. Why did you do that so fast because we do it every time. That's the setup process that we do every time. We're going to look at some subsidiary reports remembering that these are the two major financial statement reports pretty much every other report we look at. We want to think of it as an expansion of one or multiple line items of these two major financial statement reports balance sheet income statement or profit and loss. This time we're going to the P and L we're going to the P and L profit and loss report. We're looking at the income line item that's us generating revenue. So that's kind of like the goal of the business is our revenue generation. I'm going to compact this looking at just simply all of the normal kind of income type of accounts condensed together. And now we're going to look at some reports that are going to give us more detail on this income line item. So how might that happen. How might they give us more detail. Well note when we put our income items here we typically record them in terms of what we are doing to generate the revenue. So we might call it just like bookkeeping revenue if we do bookkeeping or accounting revenue or something like that or we might sell something and just call it sales revenue or sales of inventory revenue or something like that. And we're trying to keep the income line items fairly not too many of them. You shouldn't have a whole lot of income line items because the general idea is that we're only concentrating on one or two things generally to generate revenue and everything else we're basically paying for. So we have a bunch of different kinds of categories of expenses but not many categories of income. Now notice you could add more categories of income but you want to be careful and understand how the subsidiary reports work because sometimes people get into the to the habit of creating a bunch of income accounts like for for their main customers for example and if you're using a full accounting system which will talk a little bit more about later you don't really want to do that you want you don't want to create an income account per customer because you can create subsidiary reports that will break out this income item by customer kind of similar to the subsidiary reports we saw for accounts receivable and accounts payable breaking out AR by customer breaking out AP by vendor. So the other thing that people tend to do is have too many subcategories by what they sell. So for example too many different service categories and just saying instead of just saying this is the services we provide or too many inventory categories that they put on the profit and loss again you don't need to do that if using a full service bookkeeping system because you want all that added report on the subsidiary reports rather than having it all muddying up your main central report here this should be kind of like the summary of the income line items. Okay so so now we're going to expand on that with the added two main kind of groupings you would expect breaking this out by customer breaking this out by item in other words inventory items sales items you could find those reports under the reports drop down we can go into the sales item which stands for like revenue and here's all the reports of that way or we could go into the report center let's do that now let's go into the report center let's maximize it because it unmaximizes every time which is annoying but that's okay we could do I could deal with that I could deal with that we're going to go to the sales on the left hand side here's our reports we got the sales by customer summary detail the sales by ship to address if applicable if you have inventory pending sales you got your grass and then you've got your sales by items meaning inventory items and service items the things you do to generate revenue you got the detail report on that and then if applicable sales by rep and so on so let's go to this first one up top let's go to the sales by customer summary open in that one up let's change the date range from 010124 to 123124 there we have it let's make it a little bit larger because we're going to spend some time on it customizing it fonts and numbers in it checking the font or changing the font to in it and then 12 in it and then yes in it and okay in it so there we go so now we've got the income broken out by customer which of course can be a quite useful report and we're trying to analyze our advertising or marketing who our best customers are and so on you could also sort it up top you could sort this one by total so now you can you could sort it by total possibly z to a so you got the big customers up top which would be a common kind of thing this is another report that we might in later presentations export to excel so that we can possibly create graphs and whatnot with this kind of report now here they have a lot of like jobs in this particular because it's a it's a job cost system which makes this report a little bit more convoluted because of that but so it might make the exporting a little bit more complicated we won't get into that in detail here but just note it might look a little bit more complex than a report would be if you don't have the jobs okay so then note if I go to the home page over here we kind of have to have an understanding of our accounting process to know how these reports will work we're looking at the sales cycle or accounts receivable cycle and remember we might have a cash basis or we might have an accrual basis and this could impact how these subsidiary reports will work with regards to sales so remember like if you have a system where you're waiting till something clears the bank like using gig work like you work for YouTube or something and YouTube pays you you wait till it clears the bank and then you record the deposit when it clears possibly with bank feeds that's fine but you're probably going to lose some of the added detail because the deposit form is not the form that is naturally used not designed to be used for creating increases to sales because the invoice and the create sales receipt are the two forms one accrual one a cash based method for that so note that if you go into a deposit form and you're imagining like you wait till something clears the bank feeds and you enter it the big feed will still typically have the name of of who you got the money from like YouTube or whatever and you can copy that and you want to copy that and put that into who you receive the money from here so that you can track that in some ways but you still might not be able to generate the same kind of subsidiary reports because again the deposit form isn't designed to be to be tracking the income line items so you could also have a system where you're on basically a cash based system but you're entering the information into a check register in that case you'd be using the create sales receipt form which of course is designed to be to be putting together the sub ledgers so it will be tracking the customers and and the items and so notice when I go into this form for example then of course we got the customer up top and we also have the item down below and so the item is another way that we can track by if you enter the stuff just into a deposit form you're not going to have the items and therefore clearly you're not going to be able to track a subsidiary ledger by item so just just a couple things to keep in mind now if I go back to the sales by customer report and we go all the way to the bottom this total down here you would expect should tie out to the total for the income line items on the profit and loss report in a similar way as the total of the subsidiary reports for accounts receivable aging reports for example should tie out to the accounts receivable so but it won't be exact in this case I don't believe 452943 and if we go here and we see it's 4546 so it's a little bit off and you might say well how can that be why is it off notice if you looked at the balance sheet and we looked at the accounts receivable has a sub ledger broken out by customer and it's almost always exact like it's not exactly why is that the case because every time we enter something to accounts receivable QuickBooks actually forces us to add a customer that's not the case with the sales items so in other words if I go to the home page here clearly if you use these two forms then it's then you're gonna you're gonna have the information that's gonna track and these if these were the only two forms you used you would be forced to have a customer your sub ledger would tie out however if you used another form to record revenue such as a deposit form and possibly didn't even add a customer or something like that QuickBooks will allow you to do that and that kind of thing will throw off your sub ledger reports you can also imagine if you went in and made an adjusting entry by going to the the company drop down and made just a journal entry if I made a journal entry to accounts payable for example it would make me have a vendor here if I made it a journal entry to income on the other hand it would not force me to have a customer and therefore I can record something and it'll throw off the sub ledger that's not necessarily a bad thing because sometimes when you do adjusting entries you don't want to enter it to a customer and then you're gonna reverse it and whatnot but that's just something to keep aware of because the sub ledger could be off and you can try to figure out why it's off what kind of income was reported or whatnot that wasn't using a customer and kind of see what the difference is so there's the there's the sales by customer report we might make graphs out of it in future presentations let's see what else we have in the reports we've got the sales by customer detail so if I go into the sales by customer detail now we've got it broken out by customer and then we got the stuff that we sold to them and of course the stuff that we sold to them is going to be in the form generally if using a full service system invoices and sales receipts again if you're recording income with deposits you probably not it's probably not going to show up on this report because this report is gathering the things that are recording sales that the system was designed to use to record sales sales receipts and invoices so I want to close this back out and then you've got the sales by ship to if applicable you've got the pending sales you've got a sales graph we'll still we'll make the graphs later and we'll talk about them later and then the other major category is sales by item item in this case meaning inventory item or service items the things that we sell in order to generate revenue from customers running that report gonna say tab<PHONE_NUMBER>24 on the range so there we have it now if you sell inventory items it's going to be a bit more complex of a report because now you've got the quantity the amount the percent of sales to cost a good sold and so on and so forth if you have just the the service items then it'll be a bit more easy of a report to read but these are going to be the the items that were that were sold broken out not by customer but by the things sold or the services sold so if I go to the profit and loss here we have then the PNL the PNL represents the category that we sold within service items inventory items for example and then we could break it out by customer who we sold them to which should come up to the same number in three or we can break it out more in detail about what exactly we sold not just service items or inventory items as a whole but which service items and inventory items and that's the attempt of this report given us that detail so so if we get to the bottom of this report we get to the 452-943-25 which should tie out to the 454 right here it doesn't because once again QuickBooks doesn't force us to tie those things out meaning every time we we hit the income account or an income account we don't necessarily have to add an item so if I go to the home page for example this is one where clearly if you use a deposit form such as in bank feeds to enter the data there is no items field in it right so there's no point there's nothing in here that tells you what you actually sold so if you use this then you want to make sure that you're saying okay well that may it still makes sense it's easier for me to use the deposit form if I'm in like gig work and I and I recognize I'm gonna lose some of the subsidiary data reports for it and I'm fine with that you that's the kind of decision-making you want to have or if you want those added detail reports then you're gonna have to use the sales receipt even if on a cash-based method because the sales receipt is the one that has the item tab down here which will track what you are selling and that includes service items so so it would be nice like in a full-service system even if you're on a cash basis even if you're doing service items to be able to track the different service items you know that you are having so that you could run those subsidiary reports which can give you a bit more detail but I mean it really depends on the particular industry that you are in as to whether that added detail is worth the added time if it's causing more data input issues so there it is so that's that report those are the two common reports that she can break them out by if we go back into the report center we got the sales by item detail so now you're going to get similar report with the detail related to it if you have sales reps then you can have the sales by the sales rep sales by sales rep detail


Hello, my name is Edward and we come from different teams in Red Hat. I'm from the OVIRT, the one that created the OVIRT. I'm in the network services team. We want to tell you about a challenge we had when we work on OVIRT. We had a problem that we wanted to configure the Linux networking. And we already do it today, but we do it using ICFG files. And with the future that ICFG files are slowly dying and not maintained anymore, we wanted to do something more current, which is mainly network manager today, and add all kinds of new features, which we were missing. And when we started working on that, it doesn't work. When we started working on that, we found out that actually many projects, some of them here, actually need the same thing. They also look to configure the network part of the Linux, and everyone is doing it very differently. Like OVIRT is using ICFG and IP route tool and netlink and all kinds of other options. OpenStuck uses many uses of ICFG, if I'm not mistaken. As you can see, everyone is doing something else. And it became obvious that if we start working with network manager and we invest in logic on how to do it, it makes sense to do something that can serve everyone. So we suggested that this is very complex. We want to simplify it for us and for everyone else, and hopefully the others will also contribute to our work. I'll try to show you what we mean by this NM state solution. This is how we configure a bond with slaves and an IP address using network manager and NM CLI. This is how we configure it using IP route tool. And this is how we configure it with ICFG. It's for each interface we have for the bond and ICFG file and two files for the slaves. This is how we configure it using NM state. So this is the project itself. So our intention and what we created until now is to have one layer and hopefully every one of the project and many others, at least these are the ones that we focus currently, with this declarative way to configure the Linux networking. And that layer will use the LibNM and network manager and whatever it's needed to configure the Linux. Now let's get to the design of NM state. Earlier we saw that for example Ovid was using a lot of different tools and this was because it needs to have the complete Linux network state, only part of this and one idea of NM state is really to capture everything that's important about networking on a Linux house in one central place. And this state should not be used only to be able to configure the networking but you can use the same format for reporting. For example, if you want to have a system that's configured the way you want and you want to replicate this you can just get report from the current state, maybe just network card names or MAC addresses and then apply the state to a different machine and you get the same result. And for this state definition we just want to do it declarative so this means it can be represented in JSON or YAML or as a Python dictionary with really simple values and then this allows other tools to build on top of this that also needs some kind of declarative interface and then all the logic can be in NM state and you only need to map for example the schema that we're using in NM state to the schema you're using somewhere else or maybe we will even adjust the schema in NM state because we are not really interested in defining a schema that everyone has to use or you want to make it easy to have some kind of declarative schema and we just had to choose something to start with. The design itself or the idea, it's inspired by an industry standard for network devices which is NETCOMP and YAML where you have something that defines the network configuration of these devices in a unified way and there's a lot of IFCs about this it's all XML so we didn't want to start doing XML but we preferred JSON or YAML which would still be easy to map from our declarative way to XML if you would like to add this. Another key feature that was important was that you can have atomic changes so for example you know this from network devices where you can check the configuration then apply it or you can collect the changes then check it, apply it and it will apply them or you can walk back and if it works networking you don't have this possibility nowadays so for example if you need to move the configuration from a single interface into a bridge or a bond device and it fails in between then you might end up in a state where you cannot access the machine anymore because you either need at least the IP address on the single interface or on the bridge interface and we want to make sure that when you define a state we verify whether or not it's correct we will walk back to the previous state so you can rely on having either the one state or the other one. The design it's currently based on network manager because it's the best solution to manage all kind of different networking aspects nowadays but of course it cannot handle everything that might be some edge cases for example for vendors that provide their proprietary solutions that customers would like to use and therefore we are also open to add other back ends for features that cannot be added to network manager and it might also be easier to add them now to any state because it's still a young project and then eventually they can also end up in network manager if it makes sense to implement them for a wider audience. Currently we already support the basic settings which make it easy to figure out whether this concept makes sense for someone so it's Ethernet devices of course with IPv6 and IPv4 configuration both static and dynamic addresses and basic aggregation types like bonding, Linux bridges and even initially OS bridges support. Currently we are mostly using what network manager is already providing and then also focusing on the other aspects like the configuration verification to ensure that everything is working well together. To do this there's of course a command line interface that makes it easy to show what we are working in to test this to demonstrate this but it's not the final interface that everyone else needs to use but for example we can use it here to just show what the state would look like so this would be, so here you have the reporting you get the current state of eth0 and then you can use this one to apply to a different machine and only for example change the interface name or if you want to use the API it's also very simple basically the same methods, you have a method to get the current state and you have applied to apply the state and for example if you just want to change the MTU you take the current state change the MTU value applied and then afterwards the MTU will be changed and then as a human you can easily look at the JSON configuration of the current house system in my opinion it's very self-explanatory so you just see what you need to do and you don't have to dig through different tools there's also from the Ansible network side a standard where they agreed on a common interface across several network modules where a lot of vendors provide support for their network devices like Cisco, Juniper and I think dozens others but there's nothing yet to configure Linux host networking the same thing and because with NM State we already have the possibility to map the declarative state to the Linux host networking state it's also very easy to implement these modules so we also started implementing them and they just create like the mapping from the configuration which we can see here at the left hand side this is how you would configure link aggregation and this would work across all kinds of different network devices and with NM State we have a module that would just translate this state to the NM State state representation and then you can apply it as well but from the user perspective it just looks like this and it's very easy for the programmer to do this to implement this even for other schemas if you like so we also talked about verification and raw back and so that's something that I would like to use to demonstrate the current state of NM State with a simple example so here we have one machine and on the right hand side you see the current network configuration as it's stored on disk and I have an example state file so this is just to configure a bond interface called WebBond with two slaves ETH1, ETH2 and also a VLAN on top of this then I can use NM State CTL set apply this, there's a lot of debug output and then on the right hand side you see there's the configuration files on disk and you can also run NM CLI to get the current connections and you see that the bond interface was created successfully and also the VLAN on top of this there's also the edit command so these are basically I didn't meant to edit everything so I can edit just the WebBond interfaces and then I want to reset the system so I can afterwards demonstrate you the so I just say epsilon for both the WebBond interface and the VLAN interface, I run it and you see the configuration is gone and also the interfaces are gone in the NM CLI output and now I will use this playbook copy it and, oh it's already there and so the idea is now to create a state that would fail and to artificially create a failure to show you the wallback I will just add something like fail2 so it's an invalid value but something that NM State cannot really find in the resulting output because there's no transition to get it report fail2 this means when I now apply this for a brief moment the interface will be created but then it notices here at the time that the outcome state doesn't have this property because nothing maps to this and then it walls back to the previous state and now I will hand over again to Eddie who will show us another feature that we implemented with NM State so does anyone is familiar with Kubernetes here? One of the work we found out that this one is also useful for allowing Kubernetes or some extension of Kubernetes that we hope will be accepted to configure the networking on the nodes today Kubernetes is not interested in managing the node networking so they don't care if you have a bond there or the bridge or whatever they just want connectivity to exist and they rely on someone else to do it so this is a suggestion that was presented in order to allow Kubernetes itself so we can define the node networking through Kubernetes itself through its API it's like an extension of it so what we do if you are interested you are welcome to click on that link after our talk but what we are doing there we have like two schemas one is called node-net-config policy and the second one is the node-network state the policy says something it has a match for example on the nodes and on the current state of the nodes and then applies snippet the policy will generate states for the nodes and then that state for the node will be applied like in our case so there is one I wrote here a small example so if we can say in the policy that on every node in the cluster on every SRIOV interface we want to define eight virtual functions and it will go to each of the nodes it will read the state of their nodes we will understand that the interfaces are SRIOV and will go and update the desired state there to eight so in this case for the first one ETH0 and ETH1 are SRIOV so it defines eight there and so on this is the main idea we hope that it will be accepted it's mainly interesting when containers will start working on bare metal not like today they are working on many virtual machines so then it will be very important to have something like that this is an example of the CRD how it looks like the beginning is some Kubernetes stuff and the rest is very similar to what we saw earlier it maps almost identically to the NM state schema we found that there were several challenges in working with declarative states which were not expected at the beginning at least one of them is when you change something for example in this example when you want to say IPv4 enable DHCP there sometimes this has implication on other parameters for example if you say DHCP enable and it gets an IP address the actual state the current state will have an IP address so how will you check that the desired state is actually like the current state so in some cases this one there is also auto negotiation of the link because you want to say that I want to have auto negotiation with speed 10 gig and maybe it got one gig something like that so this challenge needs to be resolved specifically to the case that we are working on and there are many debates on how to handle it this is a continuous challenge that we see every time we add something new yes so the other challenge is also if you want to remove something for example you only have the state for the actual interface configuration but not the possibility to explicitly say just remove this IP address in a declarative way except to get all the current IP addresses remove the one that you don't want to have and then say you want all the other ones so there are some limitations in how you can express things in a declarative way or you have to do some kind of compromises so I guess I see you are very excited about this you just want us to shut up and take your money but it's free software so you can just get it on nmstate.io and it's currently packaged already in Fedora it's available in Apple testing and we also have a copper repository where you get automatic reboots after every commit or master we have also some kind of CI that gates all the pull requests it's available on Pi as well so you can do pip install something you can run it from the GitHub repository and we're also working on supplying container images so you just can run a container and play on a container with network manager and nmstate CTL and see if it suits your needs and if you would like to participate in the development everything is happening openly so development is at GitHub where we have pull requests and the source code we also do some planning on JIRA so the Atlassian.net is the upstream free JIRA instance where you still need an account but you don't need any extra permissions to access this and we are currently just discussing topics on the network manager mailing list because it mainly affects things with network manager and there's an IRC channel on 3.0 IRC hashtag nmstate so what are we planning to develop in the future? So currently under review is already adding routing support which is also a little bit of challenge and a few other things but we also want to get your feedback if there's something that you would like to have that you see is important then just speak up now or what are your other questions and you will get some candy if you have to participate You have platform meetings to ask questions Please I would support for VBL based distributions So the question was what's the devian support and basically we are building on top of network manager so of course the problem with devian might be that network manager is too old if you have to stable devian but everything that's handled for network manager will work with nmstate as well because network manager is our abstraction layer Without network manager for embedded applications So you have a comparison memory But it is like the idea was to have Please review the question Oh sorry He is asking if we call it a provider the backend of how to implement the declarative way How to implement it not with using network manager but with something else that is maybe low level like netlink or something really low embedded system for example because network manager may be too costly So yes it was it is if someone will come and say this is very important and it makes sense either he can join the effort and create a provider for implementing it through something else it's like we are going to make it pluggable the providers part So currently network manager is the main focus but we will reverse the dependency so it will just plug in and implement the scheme and also we are working closely with the network manager team so if there are any specific concerns about resource consumption maybe they can be addressed to network manager directly and then network manager will also suit the use case on low power devices It was actually opened up in LRT so it was limited Yeah that's true But we can try a few if we are interested we can do a small demo to do something specific We are using a lot of features from network manager like the rollback portion which is like they give it to us we use it the persistency is done through network manager but it doesn't say we cannot do it without it You can start that it's written in the pipeline you don't really have run the pipeline at all How do you run it also? That was also real so we were talking with the CoreOS guys and they were requesting a bootstrap if they want to use it it's a problem for them to use the pipeline so one of the suggestions was to write it in some more compact go but it is like there is not enough force there at the moment but it is not something that we don't we think it's not possible What do you have? Already there are tens of network configuration it's not useful for the network equipment from different vendors and it's impossible in current state it's impossible to use just one declarative way to configure for example network switch and that will work with us to go to Anista and to Cisco and to some others But that's actually it exists currently Yes For example a large link aggregation is possible to do if you want to define an IP address it's possible to do it you just need to say what is on the other side only declaring an answer but you say it's Cisco it's you have to explicitly tell them Maybe we will talk just after the presentation because we are out of time now Okay Thank you very much and everyone else who enjoyed the presentation Thank you


Hello, my name is Filippo Colaianni, technical marketing in ST Microelectronics. Today I will take the opportunity to show in preview the new multi-connectivity asset-tracking solution. Asset-tracking refer to several application use case with different technology needs, such as, for example, good-giant application, livestock monitoring, smart-pallet tracking. And most of the time you need to track this pallet or this asset across indoor and outdoor scenario. This demo refer to overall shipping supply chain, to show outdoor real-time monitoring and indoor logistic management. The pallet in the demo is embedded the new asset-tracking solution. ST Evil Astra 1B, that is embedded short- and long-range connectivity. Thanks to a Stanford 2WB with a system chip with Bluetooth energy connectivity, a Stanford 2WL with long-range lower connectivity, a ST25DV with NFC contactless connectivity. ST Safe for secure application. You have also Teseo Gen Sess for accurate localization. Huge portafoglio of motion and environmental sensor, such as temperature, humidity, pressure sensor, accelerometer and inertial module. During outdoor transportation we monitor humidity, pressure sensor, temperature sensor, accelerometer and position of the pallet. We monitor also Gen Sess localization and will send all this information to the dashboard thanks to long-range ST Lora connectivity. When the shipment is arrived to destination, NFC gate is recognized the pallet. The tracker inside the pallet is enabling the BLE beacon advertisement. It's starting to use Bluetooth energy for indoor connectivity. So, during the pallet stay inside the warehouse, you can use a combination of Bluetooth energy and NFC connectivity to track the pallet inside the warehouse. ST Evil Astra 1B is end-to-end proof of concept. Since together with the board we provided dedicated application firmware, you can download from Google Play or Apple Store ST as a tracking mobile app and you can use web-based dashboard better on AWS using your MyST.com account. Now you have all you need to start your new asset tracking design better on ST Evil Astra 1 Bin coming soon on ST.com.


Item Number SCP-275 Object Class Safe Special Containment Procedures Subject is to be contained within 2 6m x 6m 20ft x 20ft subterranean cells. That is only accessible by a freestanding overhead elevator, although she is allowed short-term access to the communal facilities contingent on good behavior and is accompanied by no fewer than 2 operatives, all armed with gas grenades filled with an incapacitating agent. Personnel are not to assist SCP-275's self-destructive behavior unless authorized by level 4 personnel. Such behaviors are either potentially harmful to bystanders or pointless. Subject has requested one prayer rug approved, one karan approved, a lol food approved, to be allowed to perform a pilgrimage to Mecca denied, daily portions of chili pepper of a minimum Scoville scale rating of 1 million approved, contingent on good behavior, regular haircuts approved, hot coals denied, to be flogged, denied, to be stabbed, denied, to be beaten, denied, to be shot, denied, to be electrocuted, denied, to be set on fire, denied. Description SCP-275 is a woman who cannot be physically damaged by any means available to the Foundation. Subject is of apparently Middle Eastern origin and claims to have grown up somewhere in the Ottoman Empire, but to have been a homeless orphan with no memories before the age of approximately 10. Subject claims to be 168 years of age, despite appearing to be in her mid-30s. Subject is 1.63 meters or 5 foot 4 inches tall and weighs 190 kilograms or 419 pounds, again despite having an appropriate and healthy sized figure. Hair and eyes are brown. She speaks most languages of the Middle East fluently and speaks English with a mild accent. SCP-275 is perfectly normal in the fact that she needs to breathe, eat, and sleep. However, subject is almost completely resistant to physical trauma, various forms of radiation, and extreme temperatures. By SCP-275's own recollection, her flesh has never experienced any damage and her skin has never been pierced or scratched. Testing indicates that the majority of SCP-275's mass is composed of the elements common to all organic life. However, it is currently believed that many of the structural compounds have been replaced with significantly more durable substitutes, and the subject's tissues also appear to contain significantly elevated amounts of various heavy metals. Foundation researchers have thus far been unable to collect tissue samples. Attempts have been made to x-ray the subject, but results were inconclusive. Subject's skin contains significant quantities of radio-opaque elements, repelling most attempts to penetrate it with radiological or electromagnetic means. Diffractometry tests upon cell samples extracted from urine, feces, and menses indicate the presence of several novel polymers. However, the degree to which these polymers are represented in other tissues is speculative at best. This impenetrability of the subject extends through the entirety of the subject, including her hair and nails. Subject has claimed that her hair and nails have not been properly cut since she was 14, just before her condition manifested itself. In Foundation custody, her hair is to be cut by weekly exposure to a Watt laser, and her fingernails and toenails are to be abraded with an angle grinder on a bi-weekly basis. In addition to this, due to her physical makeup and density, her biology has been slowed as well. Subject ages at least a fourth of the normal rate of aging. Also, her menstrual cycle is approximately six months long, with menses itself generally lasting for three to four weeks. SCP-275's mental state has been described by Dr. Glass as worrying. Because her anomalous condition prevents her from experiencing most forms of sensation, she indulges in self-destructive behavior in an effort to perceive tactile stimuli. Lesson complete. If you missed the previous orientation, go watch SCP-274, Grafito, right now. Or for the complete course, watch this playlist.


So this project is our Guardian Balloon Project and this is an extension of a project we started several years ago called Guardian Drones and it's a drone system developed specifically for ASU's campus to provide safety and security to students on campus. We're planning to inflate four balloons with helium and we have four different locations where we do that. We inflate the helium, then we attach our payload or our device onto the balloon and we just put up a bunch of safety lines to make sure it doesn't go flying off and then we just release it into the air. The process to work with ASU on these projects actually goes through corporate engagement. What we do is actually work with the client to set up a scope of work with objectives and deliverables and timeline that actually helps develop the workforce development from the students side of things. So at the end of the day the students are helping develop innovative technology for the client. So this project and some of the others are working are absolutely helping influence the workforce of the future. I'm also on the IAB, the industry advisory board down at the polycampus and ASU has been super receptive to industry and us telling them where we need skills and experiences for our future employees. This project is unique because it is a combination of mechanical, electrical engineers and a lot of software development computer science engineers. So the mechanical systems, the balloon, the gondola, the electronics on board have a lot of mechanical and aerospace engineers working on it and then on the cameras and the networking side we actually have computer science engineers who are specialists in networks in front end and back end development and that actually requires a unique, very unique skill set and the combination of those two is really unique for this project.