Hi, can I check if everyone can hear me? Let me show screen. Stop sharing screen, hold on. Can I check if everyone can hear me? Hello, hi Tussar, hi Digby, hi Taufe. Can I check if everyone, okay, you can hear me, but can you see my screen? Hi Gerald, hi, Ariane, Derek, hi Chiu, Francis, Gerald, Hans, Leah, Jovita, Lillian, Marina, Eskibu, I'm just, whoever I see, morning. You guys can hear me, can I check if you guys can see my screen though? My screen says the ultimate product trading masterclass, tick mail, 2023. No screen, not yet, you can, I can, you, okay. I can, you, okay, you can see me, but you cannot see my screen, okay. Let me try to share screen again. Why, why is it not sharing? Okay, I think I know what's wrong. Okay cool, can you guys see my screen now? Working now, thank you Gerald. Thank you, ETN, I don't know if I'm pronouncing your name wrongly or correctly, I'm so sorry, I'm trying my best. Hi, okay, thank you Taofi. Okay, cool, so everyone can hear me, everyone can see my screen. Before we start, I do see a lot of new names today. Can you guys let me know where you guys are from? So I know where you guys are from. Okay, you guys can reply in the chat box or the Q&A box. Some of you are replying in the Q&A box, some of you are replying in the chat box, I can see both of it, okay. For those replying in the Q&A box, hello, hello. I'm just seeing your messages now. Okay, India, India, South Africa, South Africa, Nigeria, Malaysia, Philippines, Philippines, Singapore, okay, Australia, Germany, England. Okay, there's a lot of you, some of you are replying in the Q&A box, for those who are not replying in the chat box, I can still see your message in the Q&A box so you can just reply wherever is comfortable for you, okay. Okay, cool, there's a lot of, you guys are from everywhere, so it's nice to meet you. Hi everyone, welcome to today's webinar, brought to you by TickMill, today's ultimate forex trading masterclass. The reason that this webinar is brought to you by TickMill is to help you guys improve in trading and basically grow your account. Okay, that's the whole purpose of this webinar. So if you guys don't have any questions, don't be shy, ask in the chat box. I'll do an introduction on myself in a little bit. Okay, in the meantime, let's do a disclaimer. Okay, a disclaimer, disclaimer, you guys already know how this works, we go through this every week. Just wanna remind you guys that whatever I share in this webinar should only be construed as educational, please do not take anything I share as financial advice, investment advice, any form of advice, okay? This is not a forecasting group, this is not a signals group, okay? This is an educational webinar, the whole point is for us to learn and grow as traders, okay? So risk warning, trading CFDs and forex, especially if you are trading on leverage carries significant risk and may not be suitable for all investors, okay? So please be careful if you are new to trading, especially please be careful, even if you're not new to trading, even if you've been trading for a long time, please be careful, okay? Because it is a risky business, it's something you can lose, you can lose a lot of your funds in this game, but if you do it correctly, you can also make a lot of money out of this game, okay? So one thing I want to remind you guys is that because to this webinar today, there's about 30 class of you here, okay? There's about 30 ish, so it's not a very big crowd, some of my bigger webinars, it goes to a few hundred, okay? But today's 30, so I would say today's group is a bit smaller, which is good because then you can ask questions and I will be able to answer your questions without getting too overwhelmed or not seeing too many questions, okay? So don't be shy, ask the questions, okay? Let me do an introduction myself, so you trust me a little bit more, okay?  So once my baby's here, I will just back off from the webinar, so I won't be seeing you guys, but in the meantime, I've got two months with you guys, if you need help with anything, please ask in the chat box, okay? Okay, so those who don't know who I am, I am a prop trader and an investment analyst at Everest Fortune Group, so Everest Fortune Group, we're an award-winning research firm, we're the best, we're the finalists for Best Forex and Best Equity Research for 2019, 2020 and 2021, basically what we do is a lot of research, we do a lot of research and a lot of back testing, so we kind of can, from our research and back testing, we kind of forecast where we think the markets are going, and then we advise brokerages, banks, hedge funds, financial institutions and you guys in this webinar, where we think the market is going, okay? So other than that, for my own personal trading, I have been trading for quite a few years now, my most notable achievement in trading is that I am a prop trader, so for those who don't know how this prop trading works or how this works, basically I prop trade for Everest and also a few prop firms, how this works is that you need to pass a test before you can get funded and before you even enter those prop firms, so those tests is not easy to pass, the passing rate is only 1.5%, few thousand of people take this test every month and only 1.5% of these people pass, I pass it multiple, multiple times, how I did that is I use technical analysis, so I do specialize in technical analysis, okay? My specialty is technical analysis, so again, if you have questions regarding technical analysis, shoot in the chat box. If it's not technical analysis, if it's fundamental analysis, please don't ask me, okay? I'm not very good in fundamental analysis, I will be very honest with you. Hi Jamilu, nice to see you here. Okay, yeah, some of you text messaging me on the Q&A, some of you are messaging me on the webinar chat, I can see both your response, okay? So you can just message me either side, okay? So if you have questions on fundamentals, please don't ask me, because I will not be able to, I will not be the best person to ask for this, okay? Technical analysis, go nuts, just ask me whatever you wanna ask, fundamentals, not so, okay? So today's topic will be advanced RSI and stochastic strategy. Can you guys let me know in the chat box, right? Can you guys let me know in the chat box, have any of you used RSI and stochastic before? This is a very popular indicator, I'm sure a lot of you, especially those who have been trading for quite a while, have used it before, but how many of you have used it? Okay, let's let me know in the chat box. One thing I like to do in my webinars for those who, okay, thank you, Dick B, thank you, Etienne, I use it with the MACD and the moving averages. Okay, so MACD is very good. MACD is another kind of oscillator that I use also sometimes, but I really like to use RSI and stochastic, I'm very used to it. MACD is also one indicator that I can help you kind of give the same thing. Okay, so Jamilu used it, obviously I wouldn't expect anything less from you, Jamilu, I see you, I know you've been trading for a while, I see you in a lot of our webinars. Okay, Bando uses RSI and Sean uses RSI with the moving average. So you guys do use the RSI and a lot of you, one thing that I like your answers is that you use it with other indicators or other strategies, which is good, which is what I want to tell you guys, RSI and stochastics, they are very good indicators, but they should not be used on their own. They should not be used on their own, they should be used accompanied with other technical analysis. Any technical analysis should never be used on their own. They should always be accompanied with other stuff like support and resistance, Fibonacci levels, other indicators that can show you trend, for example, or whatnot, but never trend line, channels, whatever it is, but do not use an indicator on its own because it will not be able to give you very accurate information. That's that. Let's start today's webinar. Do you use it with ADX that shows a few weeks ago? Yes, I do use it with ADX and I do use, I don't use it with ADX nowadays. I just use it with DMI. So DMI is a combination of ADX and the direction. It's called the directional moving indicator. So DMI, I will show you guys later. OK, for those who are here in my webinar for the first time, I just want to let you guys know, I like to quickly finish my slides. OK, so I'm not someone who likes the practical stuff. I don't like the theoretical stuff. OK, I don't like going through the history of an indicator. I don't like going through who created Fibonacci, who created blah, blah, blah. I don't like going through the theory stuff. I like going into the charts and then we can learn to apply it because we can go through the entire history books of the technical analysis. But if we, if you don't know, if you go to TradingView and you don't know how to use it, you will still, it's like you didn't learn anything. OK, so what is the most profitable strategy you use for your proper trading? I use it every, it's the same strategy that I use every week. I think I did show you guys a few weeks ago and now I combine it with the AlietWave. I find the AlietWave is a very, very, very beautiful indicator. OK, technical analysis. It's a very beautiful technical analysis, very accurate. It's amazing. So do you use DMX for Forex or and stocks? Or DMI, sorry. OK, Sean, good questions. I do not do stocks. Why? Because remember, in the beginning of the webinar, I said I don't do fundamental analysis. I am not good with fundamental analysis. So if you ask me, stocks index, it requires a lot of fundamental analysis. Why? Because these are companies. So you would need to know company performances. A lot of data, a lot of profits, a lot of blah, blah, blah, blah, blah. There's a lot of things with companies and stocks. So I don't really trade stocks. I don't trade index. I do a lot of Forex and I do a lot of gold. Forex, gold and Ethereum, Bitcoin. OK, so cryptocurrency, Forex and gold. OK, but other than that, I'm mostly a gold trader. I don't really do stocks. So if you have questions on stocks, I will not be the best person to be able to answer you. Remember these webinars that we have for you. I can only do my best to share from my own experience. OK, so hopefully you learn something from my experience and my trading style. OK, so let's start with today's indicator. Again, I want to quickly, as soon as possible. OK, one thing I like to do in this webinar, I don't mind answering questions because it is productive. It will help you. The whole point of this webinar is to help you grow as a trader. So if you are asking me questions, I can help you answer and I know I'm helping you in some ways, right? So I don't want to spend too much time on the slides. I want to spend more time on... I want to spend more time answering questions and I want to spend more time on trading view because this is where I think you can learn the most. Other than that, the rest is just very textbook, theory stuff, very informational. You can go on Wikipedia. You can get all this information. Do you use smart money concept? Which one of them? A, smart money. I don't use smart money concept. So I wouldn't be able to properly advise you, Arianne. I really like your name. Very nice name you have. OK, I wouldn't be able to properly advise you because I don't really use smart money concept. I know of it, but I don't really use it. Aliet Wave, I find, works very well for me. Again, I'm only sharing what has been working for me and the strategy that I've been using. It's impossible for me to share more than what I've been using. Why? Because there's hundreds of ways to trade. It's the same thing. Let's say you want to go from point A to point B. Let's say you want to go from Thailand to Europe, for example. OK, from Asia, you want to go to Europe. There's so many ways you can get to Europe. You can take a plane. You can take a boat. You can take, you can cycle there. You can walk there. You can hitchhike, whatever. There's so many methods to get to your destination. Same with trading. There's so many trading styles. There's so many methods to be profitable. I am only sharing my trading style and my strategy that I use that has helped me become profitable. So I would say I'm quite profitable and I think things have been working out for me. So I'm just going to share the things that have been working out. OK, so RSI and Stochastic is definitely something I do use. And that's why I'll be very confident to share this topic with you guys today. OK, so let's start with today's topic and then we can quickly go into trading view. OK, again, I can see both your answers on Q&A and the webinar chat so you can ask them both and do not be shy to ask.  OK, we're here to learn. We're here to go. OK, so agenda for today. Introduction to RSI and Stochastic's Indicator. For those who don't already know it, we just do a very fast and quick introduction. Where to find the recordings for today and previous webinars? OK, good question, Meg. I know these recordings, these webinars are recorded because every time I start a webinar, it stays recording in progress. So I know it's recorded. I guess I'm not very sure where it goes to. If I'm not mistaken, it goes to YouTube. But the best person to find the answer from is from take mail themselves. So go to take mail and just email them and say, hey, can I get the recordings for the webinar or can you send me a link? So I'm not very sure where it goes after because that is another team that handles the webinar recording is another team that handles the uploading of stuff and the setting up of all this, all this back end things. OK, so please ask them if I'm not mistaken, someone asked me last week as well. And then another one of you answered. So I think someone asked me and then Muhammad was it? I think Muhammad asked me, told me that it's going on YouTube. OK, so try YouTube first. That if you don't get it there, then go on to just email them. They will reply. They are very fast with their replies. OK, so we're going to do RSI, Stochastics, best settings used for RSI and Stochastics. Obviously, I can finish this very quickly. Sequence strategies in institutions that institutions use and identifying strategies, divergences. OK, out of this four agendas for today, the most important thing I want you to take away from this webinar is being able to identify divergence. Divergence is the thing that has helped me save so much money in trading. OK, I will show you why when we reach to that topic. OK, but other than that, yeah, I guess get to know what RSI is about. But most important thing I want you to the key takeaway. Please, please, please know how to use divergence when you're using RSI and Stochastic. It will save you a lot of losing traits. OK, it's not going to tell you. Divergence is not going to help you get into the trades, at least for me. OK, but it was it will help you to stop getting into losing traits. OK, so introduction to RSI and Stochastic. Let's do a very quick introduction. OK, this is your RSI. This is what RSI looks like. OK. RSI is a momentum indicator. OK, it compares the security security strength on the days when price. OK, I'm going to go very fast with the definition and the introduction and the meaning of this. If you cannot catch me. Oh, thank you. Thank you. Shem, so Shem Cristobal, thank you so much. It is on YouTube. So just go on YouTube, take Mail Global and you'll be able to find the recording. Oh, I love this webinar. So you guys are also helpful. OK, I'm going to quickly just do an introduction if you don't catch what I say. Good news is all this definitions of stuff, definition of RSI, definition of Stochastic. It's all on Google. It's all it's on the Internet. OK, the Internet is so useful to you. The thing that I want to focus on today is how to use it. OK, how to use it, how to apply the thing that we have learned. OK. So RSI is a momentum indicator. It compares the security strength on days when prices go up to its strength on its days when prices go down, relating to the result of this comparison to price action can give traders an idea of how the security may perform. So RSI is used in conjunction with other technical indicators that can help traders make better informed trading decisions. OK, so why is RSI important? Traders can use RSI to predict the price behavior of a security. It can help traders validate trends and trend reversals. OK, it can. It can help traders validate trend and trend reversal. But remember my trading style and what I'm going to share with you guys is how to look for trend reversals and how to avoid getting into lost trades. OK. There's many, many ways to use one single indicator. We can give the RSI to 10 traders. 10 traders would show you 10 different ways to to use RSI. I'm going to show you how I use it and how it has been helping me save a lot of money and how I've been avoiding getting into. Into losing trades. OK. So it can be point to overbought or oversold just like the photo. OK, it can provide short term traders with a buy or sell signal and is an indicator that is used by others to support trading strategy. So using RSI with the trend. So there's different ways you can use the RSI. One thing that I don't like when I was doing my research on RSI, right? I need to because I need to tell you guys the back story of RSI and how it works and a little bit of what these numbers mean. OK, so a lot of websites, a lot of places tells me that when the RSI indicator crosses 30 on the RSI chart, it is a bullish sign. When it crosses 70, it is a bearish bearish sign. OK. That's one thing that I don't like. This information can get online. OK. The other thing that I don't like that a lot of places, a lot of people, a lot of traders, actually, even YouTubers, I've watched YouTube videos where they say, oh, if RSI crosses 70 or crosses 80, it means that it's overbought. It's time for it to turn down and you enter for a sell. OK, that's what I've heard. I'm sure those who are researching on RSI and Stochastic has heard this before. This is a very common theory that I don't believe in. OK. Another thing is, oh, if RSI or Stochastic goes below 20 or 30, which is on the side here, OK, you guys can see on the side here, there's 20 or 30, it means that it's oversold and it's time to enter for a buy because then price is going to reverse and go up. OK. This is one thing I don't like. And from my own trading experience, I think it's not true as well. OK, why? So the reason why they believe that is because and RSI reading of 30 or below indicates an oversold or undervalued condition. Overbought refers to security and the trades at a price level above its true intrinsic value. That means that it's priced above where it should be, according to practitioners of either technical analysis of fundamental analysis, trader who see indicators that security is overbought may expect a price correction or a trend reversal. Therefore, they may sell the security. Marine May is saying parameters. OK. So one thing I'll show you guys later when we go to trade review, how I would rather use the RSI instead, instead of using this 70 and 30 overbought and oversold area, the way that I use RSI is using support and resistance instead. OK, and support and resistance will tell me when to enter for a sell, enter for a buy. OK, so this is just all the theoretical stuff, all the textbook definition of all of this. Just take a bit of a pinch of salt. OK. More importantly, later when we go trading, I'll show you how I use it and how I think it will help you as well if you were to use it. OK, so this is what Stochastics looks like. It kind of looks like RSI. OK, so what is Stochastics? In technical analysis, Stochastics refer to a group of oscillator indicators that point to buying or selling opportunities based on momentum. So in statistics, the word Stochastic refers to something that is subject to a probability distribution, such as a random variable. So in trading, the use of this term is meant to indicate that current price of a security can be related to a range of possible outcomes or relative to its price range over time period. So how can you use Stochastics in trading? The Stochastic indicator just like the RSI. OK. Establishes a range of value with values index between zero and 100. A reading above 80 points to a security being overbought and a cell signal reading below 20 and below. OK, that's the same thing that I told you guys with the RSI. This is what a lot of people believe. Instead, I will show you a different way of using RSI and Stochastics. Instead of using 80-20 rule, which a lot of people use, or the 30-70 rule, I will show you the way that I use it. And I've been using it for the longest time and it works really well. So it must be OK, right? Because we do a lot of backtesting and research and from my backtesting, I find that using my way works as well. So I will show you guys in a while how I use it. OK. So technical traders can add the Stochastic oscillator on top of a securities price chart, which often appears in its own window below the chart. So technically, I'm going to grab a pen. Let me grab a high level. Can you guys see? I drew I drew an A here. Can you guys let me know if you see how I drew A? And I drew a A at the side of the screen. Can you guys see it? I want to know if this pen is working for those who see it. Can you guys let me know in the chat box? A lot of you are not responding. OK, thank you. OK, a lot of you are responding now. I'm guessing there's a delay. Suddenly, there's like 10 people saying yes. OK, OK, cool. So you guys can see the A. I just wanted to make sure, OK, how do you use RSN Stochastics? The way that they use the textbook definition of how they use RSN Stochastics, which is the 80 and 20 rule, is that when price goes above 80, it is overbought. And therefore, you should enter here for sell. If here is 80 on the charts, you want to enter here for a sell. OK, so technically, if we're doing if we're doing backtesting here, it kind of works when it reaches 80. Here is 80. You enter here for a sell. OK, so this makes sense. But it doesn't work all the time. You can see here that this past 80, but here price is still on its way up. So in this case, this 80 20 rule would have failed already. That's why I don't like to use the 80 20 rule, because I find that it's not even that accurate, like theoretically. And from the textbook, a lot of people believe in this 80 20 rule. But I think the better way to use this is this way. OK, let me erase it. Leave my eraser. OK, I'm going to erase all of this. Now show you guys. OK, so instead, you can use a support resistance. I'm super heavy on support resistance. OK, I leave and breathe support resistance, guys. Where's my pen again? I lost my pen. OK, so instead, you can see this resistance. Oh, no, what's going on? No, no, no. OK, you know what, guys, let me just quickly finish these slides. Then we can go on to Trading View and then I can draw on Trading View because drawing on on these slides is very difficult. So let me just quickly finish with the slides. I only have like 10 more pages and then we can go to Trading View. So I would have about 20 minutes to practice on Trading View. OK, best setting to use for RSI and stochastics. Best settings for RSI is 14 or 21. You guys can remember that 14 or 21. OK, from my best testing and from research, we find that 14 and 21 works very well. So that's that. Stochastics, stochastics and look, there's no like settings. There's no default setting that works for every chart. If you go to Excel, USB, maybe this setting will work. Maybe 14 will work. But maybe if you go to like like SMP, for example, maybe 21 will work. So there's no one setting that works for one chart. The best thing to do is actually to back test and see which one gives you the most accurate results. OK, that's one. But for stochastics, what we have found that works with most forex charts and most it works very well at Excel, USB and it works very well with forex is 21, five and three. OK. Need my pen. Twenty one, five and three. Twenty one, five and three. Can you guys see that? OK, so this is a setting that we find works very well on a lot of forex pairs and it works very well on Excel, USB as well. So I cannot give you a number that works well on all charts. OK, because you will need to adjust your chart and you need to back test to see which one works the best. Yeah, and time time frame, we find that 21, five and three works so well for most time frames as well. So you can just stick with 21, five and three. Jeanette, like on a general, it should be able to work very well. If not, the default settings. I will show you the difference between the default settings and the 21, five and three later when we go to trading view. OK, so I'm going to quickly finish this slide so we can go to trading view on a spend more time. I want to spend more time on trading. Let me erase all of this. OK, it's secret strategies. The institution users, there's no secret. It's really just support resistance, which I'm going to show you guys when we go to trading view. This is exactly the style that we would use when we're using RSI and statistics, rather than using the 80, 20 rule, rather than using the 70, 30 rule. This is the rule that we would use, which is to identify support resistance and use the support and resistance as our entry for the sell and buy. OK, from this picture, you won't really be able to understand. Let me go to trading view. I'm almost done with my slides. OK, identifying diversions. OK, remember at the beginning of my webinar, I said whatever you do in this webinar, you just need to like the key takeaway should be your ability to identify diversion. So if you don't already know how diversion to work, please take a photo of this. This will help you tremendously, like even for me, I still refer to this photo when I'm looking for divergence because sometimes I get confused. There's so many technical analysis, like there's no way for one human to remember so many technical analysis. So this picture is a very good picture to illustrate to use as reference when you're looking for divergence. OK, I'm going to stay one minute on this picture then you guys can, I don't know, take a photo or something. OK, I have it open on my phone as well so that later when we go to trading view, I can reference it as well. OK, cool. Basically, OK, if on the charts price is going up, price is making higher highs and higher lows. If, sorry, if the charts is making higher highs and higher lows and on the oscillator, which is RSI stochastics, it's making lower lows and lower highs instead. That's basically RSI or stochastics way of telling you that, hey, there is a divergence and the information that you're seeing on the chart, the trend that you are seeing on the chart and the momentum that you're seeing on the chart is fake. OK, it could be a lie and don't follow it. OK, so a lot of times you can do an analysis like this is my own personal experience. OK, you do an analysis, everything is telling you that it's a buy. OK, everything is telling you it's a buy. OK, I personally have experiences where I lost like four trades in a row. OK, everything was showing me it's a buy. So I enter a buy, enter a buy. But later on when I review why I lost, I actually notice that RSI and stochastics already showed me that there's going to be a divergence. RSI and stochastics already showed me a bearish diversion. Means that RSI and stochastics already warned me not to get into this buy, but I still got in anyways and I lost that trade. OK, so now because of that experience, every time I do an analysis, I always end my analysis by pulling out RSI and stochastics or maybe sometimes MACD as well because MACD is also another oscillator that you can use to look for divergence. And then if I see a divergence, especially those who always attend my life analysis webinar, you guys always see me end my webinar by pulling out the RSI and stochastics because I'm trying to see if there's a divergence. The minute I see a divergence, I say the same thing every single time. You see a divergence, don't get in. You have two options. You get in at a smaller lot or you don't get in at all. Or you trust the divergence completely and instead of going in for a buy, you're now going for a sell. OK, so that's your three options if you see a divergence. The best case scenario is there's no divergence and you just follow on with your plan. Whenever I see there's no divergence, I immediately become like 80% or 90% confident on my trade. The minute I see a divergence, what's the difference between the red and blue line? The blue line is the price on the charts and the red line is the price on the oscillator. OK, so on the charts, it's going up, but on the oscillator or RSI or stochastics, price is going down. So that is the oscillator's way of telling you that there is a bearish divergence or bullish divergence. OK, so this is a little confusing. Let me see. I still have 23 minutes. We can go to trading view soon. OK, this is another one. OK, exaggerated divergence is another example where on the charts, it's making a double top. On the charts, it's making a double top, but on RSI or stochastics, it's making lower lows or lower highs. This is also a form of divergence. So if you guys want to take a photo of this, go ahead. Then this is my second last slide, and then we can go straight into trading view. OK, so this is what divergence would look like on the chart. So if we're comparing the blue and the red, blue just remember represents the price on the chart. So technically, when you're looking at this photo, the price on the chart is going up. But when you're looking at the indicator or the oscillator, price is going down. So this is an example of what it will look like. On the charts, it's making higher highs, but on the oscillator, it's making lower highs, which is an indication of bearishness or trend reversal. And this is where you enter for the sell. When you see a bearish divergence, you enter for a sell. Number one, you enter for a sell. Number two, you stay out.  OK, everyone good. Is anyone lost? I am going to trading view in like two minutes. This is your time to ask questions. If you do have questions, if you are still lost, where would you enter for the sell? OK, this is why you should never use like Stochastics or RSI or any indicator on its own. So just from this photo alone, I wouldn't be able to tell you where to enter for a sell. OK, I would need to combine it with support and resistance. I would need to combine it with trend line, with Fibonacci. Then I can tell you where my entry would be for the sell. OK, just using this indicator, it will give me an idea that I want to get in for a sell. But then my entry still depends on other things. What is the hidden divergence? OK, let's go back. Hidden divergence is actually hidden divergence is when it's not very obvious. It's basically like your regular divergence, just that it's not very obvious. So the hidden divergence, it's the same as your regular divergence. But when on the charts, it's not very obvious. You might need to zoom in. There's a lot of times where I couldn't support a divergence, but like you sneaky. Hi, Richard. How many indicators do you use? On average, I use four indicators to confirm my analysis. Please make it to get in. Usually, I need all four confirmation. Then I will get in a trade. If not, I'll just stay out because it's not worth it for me. If something is not worth it, just stay out. Because if the probability is low, you might as well just go to Casino and play Blackjack. Because playing Blackjack in Casino, your chances of winning is like 48% against the Casino. But if you are just blindly going into a trade, then your chances of winning is higher in the Casino. So that's why trading is not gambling. Trading is calculated risk. From the calculated risk, you decide whether you want to get into the trade. OK, cool. I'm going to end there so that we can go to Trading View. Because I do see a lot of questions and a lot of your questions will be better answered on Trading View. OK, just wait a second. I'm going to open Trading View so that we can have our practice session. Again, for those who join my webinar often, you know that I don't like to spend a lot of time on these slides. We spend more time on Trading View because that's where we can do the application. OK, just give me one minute to pull up Trading View. We have 18 minutes. That is a lot of time to practice. Oh, OK. I have GBP-USD open on Trading View right now. OK, GBP-USD actually has an bearish divergence that I spotted this morning. OK, I was calling for a buy. Then I was like, OK, don't get in for the buy. That is a bearish divergence. It's not worth it. OK, give me a sec. Can everyone see my screen? Can you guys let me know quickly if you can see my screen? What is? Can you please confirm settings for RSI again, please? I'll come back to you in a while. Let me just set up the screen. Can everyone see my screen? I am on Trading View GBP-USD. OK, no, no, no screen. OK, let me try sharing again. Now, can everyone see my screen? OK, yes. OK, thank you, Jamilu. Thank you, Sean. Thank you, Ku. Thank you, Salgado. Thank you, Gerald. Thank you, everyone. This list is too long. OK, so let's focus on the screen. I'll show you guys what divergence looks like. OK, so I spotted GBP-USD. I wanted to get in for a buy because why? I'll show you. Every time I enter, I'm just going to pull this aside. Oh, yes, just now there was 30 of you. Now there's 50 of you. So the questions are getting. There's a lot of questions. Oh, I mean, use the Nike strategy. Fit, enter, and so on. Yeah, there's one way that you can use it, Richard. Oh, I'm glad that you remember that strategy that I taught, I think, a few weeks ago. OK, thank you, Priyanshu. OK, why did I want to get into GBP-USD for a buy? Let me show you. I'm going to start on the daily timeframe. Number one, GBP-USD is doing this uptrend thingy. I can pull out a parallel channel. You can see Priyanshu going up. For those who always join my webinars, you know that if Priyanshu is going up, I always enter for a buy. If Priyanshu is going down, I want to look for a sell entry. Why? Because I want to follow a trend. We do not want to go against the wave. If it's going up, we look for a buy. If it's going down, we look for a sell. That's that simple. OK, so that means your aim as a trader, your aim as an analyst is number one, identify trend. Number two, identify how strong your trend is. OK, like it can be going up, but is it going up strongly? Or is it like doing a very weak momentum up? OK, number three, identify support resistance. Number four, identify how strong your support resistance is. OK, so I identify my trend, which is prices going up in this very beautiful channel. It really is a very beautiful channel. OK, and then I identified that this would have been a very nice entry for a buy. OK, this area would have a very nice entry for a buy. OK, why did I not get in for a buy? Everything looks nice, right? There's a channel, there's a support. There is this. You can take profit here. You put your stop loss here. Sorry, the take profit will be here. I'm going to zoom in because I don't know if it's too tiny papers. OK, is this better? Is this bigger? I don't know if some of you are watching this from your phones. OK, so this looks, this looks like a very nice trade. You can take care for a buy, that you take profit, put your stop loss here. Your risk to reward is about one to four, which is a very good risk to reward, meaning if you have a $100,000 account, you risk 1% to make 4%. That's a very good trade, right? So why did I not get in? Because after I pulled out the Ichimoku, Ichimoku told me it's a buy. After I pulled out the Bollinger Band, Bollinger Band told me it's a buy. Don Chen Channel told me it's a buy. I pulled out the RSI and there was a very rich divergence. OK, so based on my experience, like I was saying at the beginning of my webinar, whenever I see a divergence, I don't care what any other indicators is telling me, I immediately stay out. It's not worth it for me to take the risk because there's a very diverse divergence. Where do you trade and when there's a divergence? When do we trade when there's a divergence? What price point do we need? OK, good question, Alvin. So my trading side, I can only share with you guys my own trading style and my own trading experience. From my own trading side, my own experience, if I see a divergence, I do not get in. I completely just stay out. OK, but I do know traders, if they see a divergence, they're like, oh, OK, I won't get in for a buy, I'll get in for a sell, then can I trade my own divergence and make a rule to go counter only, just say Nike strategy or strategy. Yeah, that's right, Richard. If you have such a rule on hand, then that is useful as well. OK, so I saw this buy, I didn't get in. I'll show you why and I'll show you the divergence that I saw there. OK, number one, price is making high highs, right? We can all agree. Other side, RSI is making higher lows. OK, RSI making higher lows. OK, so here, the easiest way to do is to pull out a vertical line. So you can use a vertical line to hide all your strings and your string nose, OK, based on this, OK, it made a lower high here. OK, do you guys see it? I'm going to go in for those who don't see it. You see how it's going down here, but on the price itself, it's going up. Therefore, when I see this, this is RSI's way of telling me not to get in because there's a bearish divergence. OK, the worst part about this GBPUSD is that there's not just one divergence, there's actually two divergence. OK, other than that, another way to spot divergence is the other way, which is the hidden divergence, actually. So hidden divergence, you can see here that price is making higher lows, right? So if we're following this, we're following this trend line and we're following price here, OK, it makes sense. It's making higher lows. It looks like it's making sense. OK, so it looks like there's no divergence. But I'm going to delete this. I'm going to delete this. I'm going to delete this so it's clearer for you guys. But can you see on the RSI, price already did a breakout? Don't worry if you cannot spot it. It took me a long time to be able to spot this as well. OK, if you didn't spot this in the beginning, don't worry. Like it really took me a long time to be able to spot this. As well. Like I don't mean like on today's chart, I mean like in trading in general. In the beginning, I had a very hard time spotting the divergence as well. OK, so here it's going up. But on the RSI, price already broke out from this ascending trend line. But on the chart itself, this is the chart, this is the graph. Price is still moving on a trend that's very suspicious. OK, if you ask me, I think very soon price is going to break out from you. There's a double divergence on RSI. OK, so I don't know for sure yet, but I have a very strong feeling price is going to break out of this channel and price is going to start with a downtrend based on RSI. OK, therefore, when I see this, yes, I can enter for a sell or I can just stay out. I don't want to enter for a sell. Why? Because my initial, my initial analysis was a buy. See, I have a buy entry. I have a stop was going to take profit. This is my initial analysis. OK, so it's the same as a story for those who have heard this story like a million times because you guys attend my webinars so often. But for the rest of you who are new, it's the same as going to like, OK, for example, you go to a mall, you see a dress that you like, right? You see a red color dress that you don't know if. This dress looks good on you. You don't know if you should buy the dress. So you ask your dad for his opinion and your dad is like, yeah, this dress looks good on you. So you're like, oh, OK, maybe I should get it. Then you ask your mom.  So then you have like double confirmation that this dress looks good on you. You want to get in for a buy. You want to buy the dress, right? OK, then after that, you ask your sister. Your sister's a fashionista. She really, really knows fashion. OK, you ask your sister, does it look good on me? Should I buy this dress?  I think the cutting isn't good on you. I think there are other better dresses out there that you should consider. Don't get this dress. OK, immediately you you totally disregard whatever your parents say and you take your sister's opinion into consideration. Why? Because your sister's opinion way more. It weighs more because she's a fashionista and she knows more about clothing than your parents. OK, so immediately you don't buy it. So the same thing, although I think it's a buy. Our size telling me is a sell. I don't want to get into this trade because I believe in diversions more than I believe in anything else. OK, diversions opinion weighs a lot to me because I have already been burned so many, so many times by divergences. OK, so that's why when I say divergence is there, OK, this is one example of divergence is happening right now. I don't know if it's going to go up or go down, but based on our side should go down, OK, but based on everything else, if we go up, so we will find out we'll find out tomorrow where GBP USD goes. If GBP USD breaks this channel and goes down, then once again, divergence have won. OK, I'll show you another example of when I use divergence to save myself some money. OK, let's look at Ethereum. Remember the photo I showed you guys just now? Which is called a. See, even I need the reference. OK, it's called a exaggerated divergence. A exaggerated divergence is when on the charts price is going straight. Like it's making a lot of double tops, triple tops. This is the fourth top. I think I don't know if this is called a quadruple top, but I may be making this up. But yeah, it's making a lot of tops, OK, but look at RSI. RSI is going on a downtrend. It's going on a very obvious downtrend. This is another example of a divergent. I see like, yeah, that's correct. That's exactly what I was trying to point out. There's an exaggerated, bearish divergence on. Ethereum showing the possibility that Ethereum might go down. OK, there is a possibility that Ethereum might go off.  OK, so who do you believe at this point of time? I kind of believe divergence. So I do expect Ethereum to do a breakout from here and kind of go lower and kind of reach the bottom of this channel. The bottom of this channel, the potential for Ethereum going down is about 1,005 for 1,450. OK, so we will see if it breaks this channel. If it breaks, then once again, diversions have won. This is a very, this is a very strong bearish divergence. OK, on the charts, it looks like it's going straight. But on RSI, it looks like it's going down. OK, so that's one very important thing from today's webinar. Today's webinar is I really, really wanted you guys to be able to learn to spot divergences because divergences, in my opinion, I feel will save you a lot of losing trades. So I don't use divergences to get in on trades. Rather, I use divergences to stay out of trade. OK, divergences shows momentum, like breath is getting shallower and shallower and move up exhausted. This means that it can either go down or more like make up its leg. Good question. OK, good question. This has something to do with momentum already. The question you're asking is momentum. So usually when I am measuring momentum, that's when I pull out another indicator. So every indicator have its own strength that will help a trader, right? So RSI and Stochastic, I use it to spot divergences. I don't use it like I don't use it. I don't use it the 80-20 rule, the overbought and oversold rule. I think that is nonsense because there's so many times it's overbought and price just keeps going up anyways. And a lot of times it's oversold and price just keeps going down anyways. I use RSI Stochastic, mostly the divergences. The indicator that I use to measure momentum is DMI, OK? Or at the ADX, this is average directional index. This will tell you the strength of momentum. So ADX doesn't tell you whether price is going up or down, but it tells you the strength of the price going up or down. That means it tells you the strength of the momentum. DMI is a combination of ADX, ADX and direction. So how you use DMI is that if this yellow line, sorry, if this red line, which is the ADX, is below. Actually, I did this webinar with you guys a few weeks ago, right? I think Richard was there. I'm sure a lot of you were there too. I'm sure Jamilu was there. There's like 55 of you in this webinar today. And I'm pretty sure at least half of you were there last few weeks ago when I went through this topic, OK? OK, if anything is below 25, that means a trend is strong a week. OK, so I'm going to put this at 25. Right now, price is below 25. The red line is below 25 means trend is weak, momentum is weak. So even if it's bearish, even if it's bullish, it means that it's weak. It's very weak. So let's say you have identified that it's going on an uptrend. OK, remember, even if you have identified something as an uptrend, when you get in for a buy, you still need momentum to push you to your take profit. If there's no momentum, price will not be strong enough to reach your take profit. You know what I mean? It's like like if you're on a yacht, but there's no wind pushing the sail, then the boat is still not going to move, right?  So, right, good spot, Richard. So Richard has spotted that, which has spotted that the momentum right now is weak. Yeah, so it is weak. Actually, the M.I. is showing that it's an uptrend. The M.I. is showing that Ethereum is an uptrend, but it's on a very weak uptrend. So therefore, even more reason for us to believe that it's going to break this this low. So if under 25, yeah, under 25 means momentum is weak. OK, that's the general rule for the M.I. OK, so that's that for RSI and socastics in terms of spotting divergences. Today, I really like spent a lot of time identifying divergences. I know like time has reached, but I really want to cover this because I covered divergences, but I didn't even cover like the most basic thing of RSI and socastics, which is support and resistance systems. OK, so let me just spend like three minutes covering this.  OK, so the rule that I use is that once I have spotted my support and resistance. OK, I'll show you how beautifully this works. It works very, very well. OK, I'm going to have to use. OK, so let's pretend this part here hasn't happened. OK, we're going to pretend this haven't happened. I'm going to use the replay button. OK, I'm going to replay and cut this away. This has not happened. OK, nobody knows what's happening. Oh, I'm not allowed to use it because my trading is the free account. OK, guys, we're just going to pretend this area that I mark red has not happened. OK, OK, so even though it has not happened, I've identified that there's a resistance here. OK, so in my mind, I know that this is the highest point that price has ever been too on the stochastics. OK, let's pull back, pull back. It has never gone above 96. OK, so 96 is a very strong resistance area that is high as stochastics can go for now. OK, so I'm going to identify this as resistance. The next time price comes to this 96 area, 95 area, this area that I spotted, that's where I want to prepare to get in for a sell. OK, that's where I want to get in for a sell. Same if I'm identifying from the bottom. OK, if I'm identifying from the bottom. If I've identified that this is a very strong support, the next time price comes here, I want to get in for a buy. So look like I didn't plan this. OK, we just randomly chose a chart and this happened. OK, this is Ethereum. OK, we spotted this swing high here. The idea is the next time that price comes to this swing high area, I'm going to enter for a sell. Look, price came here on the chart. It came here. If you enter here for a sell, you would have been able to make quite a very quite good profit. OK, what time frame does this work? It works on all time frames. OK, it works on all time frame, mostly on one hour and four hours and daily. OK, if I tell you it works on all time frame, like one minute, three minutes, five minutes, OK, then I'm lying. Sorry, it doesn't work on all time frame. It works on all time frame that I have tested. OK, so the time frame that I've tested is the one hour, four hours and the daily. It works very well on this three time frame. Anything below that, if it's a 15 minutes, the five minutes or three minutes, I personally have not done back testing on it. I personally have not tried it on those time frames, so I cannot advise you if it works well or not. OK, but I know for sure, for sure, it works very well on the one hour, the four hours and the daily time frame. OK, so you see. The idea is that when Stochastic's come here a second time, I'm going to get in here for a sell. True enough, Stochastic makes a high here and makes a turn back. If I enter here for a sell, I would have been able to catch a very nice sell trade. OK, second one. OK, I've identified that this is a strong support area. I marked it so I tell myself the next time on the Stochastic price comes back to this area, I'm going to enter for a buy. True enough, when price gets here, price makes a swing low. If you enter for this buy here, you would have made quite a bit of profit. Actually, you would have made a lot of profit. You would have made like what is this? This looks like it's like a three hundred dollars move up. OK, so this is the other way that you can use Stochastic and RSI other than divergence. This is the other way. So remember in our webinar said that how secret strategy that institutions use, this is a secret strategy. It's not that secret, but yes, this is the strategy that they use. Identify support resistance, use the support and resistance to enter for a buy and sell. OK, so I can ask you one more thing. Is it one hour time frame? Yes, it can work on the one hour time frame. Same for Stochastic, same for RSI. Do you have a YouTube on how to do back testing? No, I do not have a YouTube, but you guys can add me on Telegram. I'm going to create a chat. OK. A lot of people add me on Telegram. If I don't reply, it's because I'm pregnant. OK, I tell you guys this all the time. I tell you guys this every week. You and me on Telegram, if I don't reply it because I'm pregnant and I'm tired and I'm sleeping most of the time. OK, but when I have time and I have energy, I will reply. OK, so you can add me there that eventually I'll add you guys all in the group chat. We can ask me lots of questions. Yeah, that's right. That's right. OK, so for those who want to add me, you can add me for the rest of you. Thanks for joining. I'll catch you guys again next week. Again, I'm only going to take you guys for the next two months, and then I'm going to go on the maternity leave. So the next you have two months to like bombard me with questions. Only ask me technical analysis. OK, don't ask me fundamental analysis because I'm not the best person to ask for fundamental analysis. OK, thanks, guys. Bye. Take care. Bye. Thanks, Meg. Thanks. Cool. Thanks, Salgado. And thanks for the rest of your journey. I'll catch you guys again soon. OK, thanks, Jamilo. I'll probably catch you on Wednesday.


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