How Do You Improve Your Support & Resistance Awareness for 2023
all right uh good morning everybody good evening good afternoon how are you guys doing welcome to the webinar guys we have another uh a very powerful support and resistance webinar which I'm sure you're gonna absolutely love it is going to be on the topic of awareness how do you build awareness when it comes to looking for support and resistance and especially going into the upcoming year how you want to use this information so as we get started um let's just find out we got a lot of you guys tuning in right now we'll give it a few more minutes as everyone gets in um but uh I saw actually a bunch of you guys already in the room uh a good 30 minutes prior so uh kudos to you guys to making it here on time um so uh where are you guys all tuning in from today okay I see some South Africa I see Nigeria I see India I see Toronto uh Saudi uh what else did I see here so far uh Philippines all right so I'll wait for you guys for all your chats to come in uh and then we'll give it a second and then we'll get started here so I think the the chat is probably going on and off uh with YouTube today but uh uh you know it should probably be up and running in no time so don't worry about that okay so we've had a lot of information when it comes to support and resistance right um support and resistance is something that I personally hold very close to myself uh where if there's one thing you should Master uh when it comes to trading whether it be Forex stocks uh indices uh Futures even cryptocurrencies doesn't matter what you do support resistance is a key element that you have to have to have to master right okay all right guys so what we'll be doing uh over the next 45 minutes so you know I'm gonna walk you through on some of the things that you need to do when it comes to drawing your support and resistance what are the elements you need to look for in terms of what is a good level what is not a good level what is a level you need to look for certain things and what are those certain things so we're going to bring awareness to that because it's just not a simple line in the sky right it needs to be more than that so we're going to bring awareness to that as well for you guys and for those of you guys who are new welcome welcome to Urban Forex webinars this is the webinar in fact if you if I ask the question how many of you guys have been to my webinars before I'm sure the responses if I see on my screen will be more than 80 percent will be saying yes so if this is your first time welcome uh if you don't know me my name is Navin Prithyani I'm the senior Trader here at Urban Forex um CEO of Black Tower investments in Hong Kong and also CEO of anticipate don't participate dmcc here in Dubai so we got a very special webinar here for you guys today and I hope you guys are going to like it if there's any questions or concerns you can use the chat uh if you're watching here Live on YouTube or on Facebook you can use a chat wherever you're tuning in from uh otherwise we're always available on support by email that's info@urbanforex.com all right let's get started let's get started okay all right here uh give me a second, okay all right I see a lot of you guys are listing out your countries where you guys are from welcome welcome guys um I'm not gonna read them out because we have a very short span of time here today we've got 45 minutes here to uh together I generally always say 45 minutes we end up going to an hour but uh we'll try to keep it at 45 minutes yeah okay so let's let me share my screen first and we'll get started [Music] okay give it a second it's just loading okay I think you you guys are able to see my screen now just fine okay so so first things first first things first now some of you guys were asking uh in chat earlier regarding um uh trading different markets not just Forex markets so I want to let you guys know that you can create different markets I personally trade different markets as well I'm going to show you a few trades that were done yesterday uh at New York open um we have here we have Qualcomm this is from the NASDAQ and uh I use similar aspects of everything that's taught at Urban Forex and apply them to different markets so what I what I personally do is I go where the flow is okay Forex is a big cash flow area but not all the time is it busy okay there are times when it's not busy and then I'll be like okay well the flow is happening on stocks and stuff I can go there because in stocks there's always something with its earnings reports guidance is um patents and all the stuff coming out that you can trade them so I use talks more of as a day trading and I use more Forex as a semi-day trading into swing trading okay so this will this will help you uh figure this out so now this is Qualcomm you know this is I took a small Buy on it I didn't take it all the way up to my take profit as you can see up here the upper part is my limit this one just generated 920 dollars just as a disclaimer um uh as a rule as a legality of stuff that uh past results are not future guarantees right as long as everyone knows that trading is highly risky you guys should always be aware of that um all right so and the other trade and was from DocuSign okay many of you guys probably use docusigns in your careers one point or the other while taking up a new job or during the lockdowns everything was coming out with docusigns where you that's how you would sign paperwork so that company is public and uh been trading that yesterday um traded 6 000 shares of that yesterday and took a total net gain of Thirteen thousand dollars on that one so all in all around 13k yesterday um trading the stocks but the whole point is this is more of a Forex webinar okay so even though um I'm showing you some stock relevance here it's more of a trading webinar because more of a Forex webinar because the whole point is this is where everyone starts their journey to find out in Forex there's a lot less things to keep track of okay because generally the price is around one dollar wherever you look it's approximately one dollar when it comes to stocks you have to do all kinds of adjustments of can I actually trade this can I not trade that can you know so there's so much more to it that's why a lot of people come more towards Forex because it's an easy starting point yeah does that make sense so I I teach generally around the Forex industry we will open up the stock side uh in the near future coming into 2023 but as of right now we're going to be putting all of our focus into um uh the Forex side of things yeah okay all right all right no let me pull up the uh let me pull up a empty screen here okay all right if you guys can just let me know whenever you guys um let me open this up whenever you guys see my circle just let me know as always what we're gonna do is we're gonna keep the first half of the webinar into more of a theory uh make sure it you uh things make sense to you you understand it and then the latter half of the webinar we will switch over to the charts and saying okay everything you just learned I'm gonna test you onto charts and see do you get it do you get it do you get it okay so try to keep this interactive as possible I like to ask questions I like to probe into your mindset um and these questions may feel intimidating that is not the purpose of it they may feel attacking that is not the purpose of it it is simply to ask yourself these questions to be like what am I doing with my trading how can I get better okay it's mainly for that okay so um I I generally like to ask the question so the question makes your mind think it makes your mind think and go beyond what one person might think they already know about everything but yet they're attending a webinar you see what I mean so um so the whole whole point is we need to get better uh we want to do better than what we were yesterday we want to keep that element of growth always there yeah all right so you guys see the circle perfect perfect so let's get started here now support and resistance as a very quick recap support and resistance what is it what is it okay it's a wall okay it's a reaction area okay these are some of the things that's commonly said right it's a reaction area this is an area where we can probably make money okay this is an area that is if you go deeper into that probably make money where you can limit your risk and if it if it pushes away from the area you can increase your reward right these are some of the elements that are revolving around support and resistance and this is what creates an idea and notion of well isn't that the whole name of the game I want to go in with as less money as possible and come out with more than I put in right that's how business Works therefore that's how trading works it's the same thing right you don't want to go in there and say I want to put a million dollars and I want to make one dollar that that doesn't make any sense right that that sounds like a losing system okay so it's all about saying how can I protect my downside and and the flip side increase my up upside okay now before before we get into um basic stuff about support and resistance like that I need to bring your attention a little bit on trading because I think this is a lost art everyone's coming into Trading uh without understanding what trading is and I it's very important for me to uh talk about this and in fact all of my webinars and you'll be surprised how many people still till this day are like I really I I didn't know that because I never think like that we as individuals we enter the market and we think Hmm if I buy money and we see it we say if I sell money right this is the logic so now when everyone sees that and they see on their cell phones oh this guy is driving a Ferrari and this and that and that you know whatever the case is that they can uh um that attracted them to this Market fine fine that's fine but the whole idea of this is the nutshell of how everyone's um education goes as far as what their understanding of the market is that if it goes up I want to be part of the up if it goes down I want to be part of a the down and the next search becomes is so then how do I do it what is the strategy so then the pursue of the individual becomes strategy it's nothing but strategy it's how how how how how rather than understanding what is trading what is it what am I getting involved in okay if I don't know what it is then does it matter what kind of strategy I use right okay so so you need to understand what you're dealing with first before you can go into okay now how do I do it because what you're dealing with and how you deal with it are two separate things you will know how better if you know what you're doing okay how many of you guys right now you you sort of have this idea of if I only have the right strategy so far maybe it's been five years I haven't found the right strategy there's got to be a strategy out there well it's been five years is there a strategy out there it's been one year is there a strategy out there are we using the wrong keywords in Google is that what's happening we're not looking for the right thing is it the big boys they don't share information with me they never tell me they're keeping it a secret because they want to just take from me take from my wallet at all times and keep me poor at all times is that what what's happening so we need to educate ourselves first on this before we can go into strategy strategy strategy what do I do what do I do what do I do you see what I mean so again without feeling like the information is going to be offensive we just want to tune back a little bit and saying okay baby we're gonna go a little bit on the 101. okay 101 basically means the basics very quick Basics okay well I'm gonna give you five minutes on this Basics before we proceed on to the theory and practical all right so what are the basics of trading what is Trading trading is basically this there is this land here and there is another land here okay he has rice he has corn he says I I'd like corn I want to have corn and this guy says oh I like rice I want to have rice so how much corn do I need to give you to get some rice how much rice do I need to give you to get some corn essentially that's what trading is okay this part you understand because we don't really do this in the market all we see is a green candle red candle and we don't even see who the other person is you know where is that Rice guy like see we don't see the other person but what's happening in this entire thing is there are larger players now okay so let's say there's this large player and he's done all his research and efforts okay let's give him some nice uh shades yeah okay cool okay large player um nice white beard horrible beard but you get the idea okay and a few pieces of hair left okay older guy very smart guy very intelligent very very uh experienced okay and he knows something about product okay something about product a now this could mean a certain stock this could mean um a certain house this could mean Euro USD this could mean anything he has done the research that says you know what today Euro USD is this price and based on how my knowledge is is how the global World economy works I'm going to buy euro at these low prices and as the prices rise in the long run I want to be able to see what I can exchange that for maybe for something else at that time maybe I don't switch it back to dollars maybe from that moment I take it into a small portion of the government that I want to buy okay so this larger player is thinking like that now if you are this larger player and you have 10 billion dollars for this particular transactions do you want to put one million one million one million one million one million one million one million one million all the way to the top like that where would you like to have your position mostly where would you like to have your position it's generally going to be as early as possible now here's a dilemma here's a dilemma if someone selling the Euro USD if someone's selling the Euro USD is only 2 million but the big boy he wants to buy 10 billion there's a problem because he's not going to get filled you see you and I were such small players in the market that we say hey one million dollars to buy euro USD we get filled there's no problem they'll fill us hundred thousand dollars will get filled so we never have to ever think about what if I don't get filled we never that thought never comes to our mind in Forex because it's never an issue it's so liquid he has that problem okay and why is his problem important to us because he can drive the market we can't let that sink in for a moment let that sink in he needs to get filled so what happens is he needs to get the highest amount of fills as low as possible he can't just get this initial price right there and saying perfect I'm in for 10 billion he can't it's too big of an order so he has to do come on get me as much as I can I'm done and then he might have been like okay I got 90 filled but I'm not buying up here that's ridiculous I don't want those prices but I got 90 filled in down there I'm happy with that so far so good [Music] that's us in this entire game that the big boy is playing to to accumulate his wealth where do we fit in we are called as little traitor what is our role is our role in the market to say oh buy sell profit rich is that why the market was designed it was designed for people like us to just come in and become rich by just clicking a button no no it wasn't designed like that it was designed [Music] we've gotta get public interest involved in this we got to get public interest involved in this by saying if Euro USD is going up maybe this individual thinks it's going down so he sells he sells he sells how high Could It Go sell more sell more and while in the same time the larger player says perfect I'll take it I'll take that I'll take that I'll take that I'll take that he's filling in his orders right so that's where the transaction gets completed okay it's going from the smaller Trader who doesn't know what he's doing and he's feeding it to a larger fill okay now does this mean oh so Navin you're telling me Oh I just need to study is is that the answer no because what you study is also going to make a difference okay you can study whatever you want you can study mechanical engineering that's not going to do anything you can study every course on the planet that's not going to do anything you need to understand what he is trying to do if you want to get involved the easy way okay by saying when a market goes up and then it gives you this look and then your trend line breaks and when the trend line breaks you want to do a cell like that if this guy wants to buy and you sell that steamroll oh my my pattern is back my strategy trendline's been broken on the other side I'm gonna sell steamroll now if this big boy closes his position over here and now oh my pattern is back on the other side I sell it works it works so tell me now was it your strategy that worked or was it the involvement or disinvolvement of the larger player in the situation you have to be very understanding of this a strategy on its own is useless is useless it needs a guiding it needs a North star it needs a compass that tells them this direction this is where we need to go now everything you need to do must follow that Compass it must follow that Guiding Light it must tell you that's how we're gonna operate does that make sense okay so where we fit in we're basically that transaction in the middle so if he says I want to buy euro a lot as much as possible and I'm targeting up here we don't know where he's targeting right but we can feel how desperate he is and where we fit in as a smaller fish we're not interested in what euro is actually worth we're interested in seeing it's on its way give me a piece of that because once I buy it ahead of him or with him and I get a thousand orders for myself then I can sell it to him because I know he's willing to pay a little bit of a premium saying give me the thousand shares what are you doing with it you have no use for it give it to me and we say I'll charge you a dollar extra per per order and he says I'll pay give it to me because he wants to do something with the Euro you don't you're not interested in what its value is you're only interested in is can I get a slice this is what a Trader's role is without the logic of that role everything is all crazy so if you're an individual that thinks I'm gonna buy euro USD today and it's gonna go up 200 Pips there's no future there is no future the career ends today it's over if you're a Trader that says I made 100 Pips yesterday I'm going to make another 100 Pips today stop loss like this take profit like that I saw it on YouTube on Instagram I can do that all day every day and approximately forty thousand dollars a day blah blah blah means so and so golden plane with my initials on it on the side on the on the on the back on the bottom of the plane you know the brain goes into all these dreamy States but will it work no okay so far so good is it clicking what the market actually is what is our role don't mix Your Role with becoming that larger player don't mix it don't mix it because his problems are different than your problems he has a fill problem you never have a filled problem okay anyways we'll do a whole webinar uh on some of the basics because I think the basics are absolutely missing in in uh in this world of trading like everyone talks about how to do something uh and what strategy and what techniques to do it but all it is is a round round game you'll be in this uh um Rat Race if you want to call it uh that's an endless thing okay all right so shall we move back to SNR now yeah so far so good if uh if things make sense so far give me a heart icon or a fire icon so I know you're you're here you're listening things are clicking okay so far so good all right moving forward moving forward now SNR s and r okay there is levels that in SNR in general that we that we like to draw because the way we draw generally has this sense of [Music] oh that's beautiful oh so satisfying to connect that bottom piece and this upward piece It's Magic it feels magic right uh let me let me try this one oh my God oh my God that's so beautiful oh my God support and resistance that's beautiful it's like magic okay this is why support resistance so attractive to many many people because it feels like hmm if I draw this line ahead of time maybe if I sell here I'll make a lot of money and then an individual might experience oh no oh no oh no Why didn't it work this time okay so we need to iron this out we need to iron this out as beautiful and as fun as it is to draw support and resistance and feel all Jolly golly inside because it brings memories of preschool and kindergarten to connect dots you know we need to come back out of it and be like okay let's take a step back a little bit and understand what we're dealing with okay so before going into how how to deal with support and resistance let's first understand what is support and resistance to begin with what is it what is it so a couple of things couple of things let's say um you want to use a you want to go buy shoes okay you want to buy these new Nike shoes that are in that are uh um on the stores right now okay you want to buy these Nike shoes let's say all right now the Nike shoes right now cost a hundred dollars okay so this is the current price it's running it's at a hundred dollars okay it's been at a hundred dollars for the last one week it's just staying at a hundred dollars staying at a hundred dollars and then the price goes up to 105 dollars and then it comes right back down to a hundred dollars hundred and five hundred dollars hundred and five hundred dollars ninety five hundred dollars 105 95 hundred dollars as of right now nothing's been going on right and then suddenly out of the blue because of a shortage of the Nike logo or something like that suddenly they're not making enough anymore and what happens to the price all of us we go to the Nike store says give it to me give me your last piece the next guy says give me your last place a Big Boy comes and says I need 10 billion dollars worth of these Nike shoes give it to me because I know it's gonna rise in value so all this war is going on that makes the price go up suddenly it's two hundred dollars now this sudden movement okay this sudden movement to a normal individual his brain okay this is the weirdest brain I'm drawing but his brain is on alert is like what just happened and it feeds into the memory so now let me ask you this if I ask you what did you eat three weeks ago you won't be able to tell me but if if I ask you about a dramatic and uh shocking event in your life you can tell me about that so vividly so clearly because it stays in the brain when there's a shock in the market it stays in the brain okay which means if the prices come back down people use whatever that resistance was of hundred and five dollars they say oh my God it's back at 105 Buy It Now Buy It Now buy as much as you can because last time it was at 105 it shot up to 200 buy everything now you see they're they're using the past experience of portraying it into the future this is how support and resistance is created so what happens here is yes we can draw the line and we can draw the line always around shock don't draw the line around simple things like if the market is stable at a certain price and then it goes up like this don't draw snrs on that don't don't draw s North on that you're wasting your time on that there's no shock value to it let it be a shock let it Panic people Let It Be embedded into their head like oh my god did you see that what just happened okay so far so good okay so it needs shock value to draw it okay next thing next thing once you're able to draw it let's say in this case you draw it like that that was your resistance now it's become support now if the price comes back down to this area we're expecting price to bounce up again right bounce up again so this is the part where there's a whole different technique involved you don't buy because it's at the line you buy because what you see happens at the line two different things two different things just because he's at the line don't mean doesn't mean you buy it you buy based on what you see has happened until it's reached the line and what it does at the line and then you buy so your buy generally will happen here there is this X Factor in between that must be solved that must be solved okay and that's what gives you the green light that says clear there we go before that it's unknown it's unknown even though you're at the line it's unknown you have to understand this okay so far so good okay now let's take this a little bit deeper [Music] let's say the price goes up like this and then it goes down a little bit and then it goes wow and then you're like oh that's got to be a nice line so what I want to bring your awareness to for something like this is let's say this is your 15 minutes what do you think this looks like on a 60 Minute chart a 60-minute chart might Simply Be a green bar a green bar with a little bit of a tail right this part that comes down is that tail and then it's just green bars so I want you to understand this SNR that you have drawn the 15 sees it not the 60. this is a very key element you can draw snrs wherever you want but you want to bring awareness to who else sees this is it just me or does a 60 see it does a four hour see it does the daily see it the more you can get a higher time frame to acknowledge that same level the higher the chances that you're going to have a big boy involved on that SNR trade remember we can't our role what was our role nothing our role is nothing in the market we simply are just coming in and saying I think it's a buy I think it's a sell I think it's a buy there's no purpose behind it when an actual investor he comes in he's got purpose he knows by Euro Euro has come down I don't care buy more it's come down more by 50 billion more uh there it goes we're not doing that kind of a research we're just saying if it goes up can I buy with you if it goes down can I sell with you I hope this is the big boy I hope he's gonna you know pay me for my shares that I can sell back to him that is where what our role technically is if you want to make any money in this market any any money you have to understand who you are in this industry it's not a strategy thing where if you don't know what a Trader is and you just say strategy strategy strategy you're not going to become rich suddenly it's not going to work like that you have to know can I use the strategy today is there even a big boy here somewhere what about tomorrow how many guys in here are actually in the mastering price section 2.0 that we've had at Urban Forex
now what are some of the things we talk about in the mastering price section 2.0 we talk about purpose we talked about a a the entire Asia Market breaking through during London we talk about all these elements even though it's a strategy but have you ever sat back and thought about hmm why is Navin making me do all these things what is the purpose of this technique exactly what I'm showing you guys here why are these levels important when you break the entire Asia who do you think can see that everyone sees that the further it moves the stronger the desperation of the larger player which makes it even better for you to cheese in the situation right so anyways we're getting into all the high level private stuff that uh the members have but anyways going back to um going back to this so your awareness needs to come with an idea of what you draw on your time frame must also be visible to a higher time frame must also be visible to a higher time frame so let me let me bring this up onto charts now okay everything okay with you guys so far everything's making essential we bring you to the charts and we'll do some dot connecting on on the charts now yeah okay let's let's take you to the charts now in fact we must have some uh we must have some what is called the CPI news that must have been released so there must be a lot of uh stuff going on okay let me see here this is Qualcomm okay let me come out of this sorry about that let me take you guys to uh open up a different chart there we go brown bear okay okay so pounds moved pounds move right now let's say so I'm just going to use this as an example now notice my time frame on this it's a one minute now don't panic oh my God one minute what are you doing on the one minute relax relax it's just a number I'm showing you a certain time now when there is a panic like this and it drops down people remember that 168.90 price when it was around 168.90 it went down to 167.55 price hmm so if it somehow creeps up there again maybe I can sell it again this is how the whole logic of the brain works right and this is causing a lot of orders uh trying to get filled again over there now you and I were thinking of this simple logic we're saying okay first things first okay if I tell you hey man do you want to sell this down here you'd be like come on okay I think I am back now my connection dropped uh uh okay yeah you guys should be able to see me now yeah okay all right yeah sorry sorry so I I didn't wanna I I was giving away the techniques of how to trade with million dollars so we got shut down okay let's start from the beginning again okay um I think I have an idea where I got uh I got disconnected for a second there okay so now so there's there's a panic that sets in around the price of 168.90 right and that's where people say all right if the price comes there somehow I will sell it give me a better price I will sell it right so you know that the intention is down now notice when when I say Charlie Mark Bob Lisa um Samantha if I say why didn't you sell it down there you'd be like come on what do you take me for an imbecile I'm not gonna sell down there that doesn't make any sense I I have that much knowledge that I'm not supposed to chase the market good as long as we have this basic understanding you can't run after something okay you can't run after something so then you would say give me a better price and I'll sell it so where would you sell it from here or what's there why should it go from there here why should it go from there here why should it go from there so the the obvious answer comes out with people putting a level up there people putting a level up there it seems like a logical support and resistance now let me get to the next Point here because we were talking about where you fit in [Music] in this price of 168 to 169 168.90 to 169 right it was bouncing between 10 cents it was bouncing between 10 cents 10 cents never bothered anybody it's just hovering around there up and down up and down up and down the larger player he knows what he needs to do with the CPI because he's doing that kind of research he's aware in fact he even has information coming to him saying CPI so we don't have access to that information it doesn't mean we quit it means we try to be smart about it we Elevate our education and we try to find out okay I want to see what happens as he's Gathering all of his pounds to short as he's getting ready to sell all of his pounds the slip happens very very very fast in a matter of one two candles two candles on a one minute chart means in two minutes the price dropped that much I want you to tell me something here if the larger player says I'm going to sell 10 billion dollars how did the price drop that fast what happened he didn't get filled see you and I were on standby we're saying I'm not going to sell down there are you crazy let me see when it comes back we're not even in involved here but the larger player is already struggling he's already in a mode of man so many people sold in ahead of me from my 10 billion I only got filled 3 billion and there's so many Sellers and not enough buyers he still needs to fill in 7 billion where is he gonna do that how is he gonna do that that becomes your homework that becomes now that I know what he's trying to do now that I know he is there how do I get involved into the cell take as many orders as I can for the cell and sell it back to him for a premium because I know he wants it I can see it don't just sell because the price is doing this and coming down don't just sell there do you know if he really wants it if you buy a property out in the desert and there's nobody around what's the point even if that property is worth ten dollars you can't sell it to anybody it doesn't make any sense get the buyer first before you can buy things to sell get the order first stop buying merchandise without a buyer lined up for it does that make sense is it clicking you have to know if you get involved with risk and you buy some pound Yen stock if you buy some of that merchandise of pound yen can you sell it to somebody for a premium does he want it that bad that's the question you have to answer now you might be thinking okay wait wait wait wait wait I mean let me get straight so you're saying if I if I buy a hundred dollars if I have a hundred dollars worth of pound Yen there's no one out there to take the hundred dollars a pound Yen from me of course there is is that your goal to play in the hundred dollars is in your goal to grow bigger and bigger and bigger to a point where you have this problem where I hope I'm gonna get filled plan the right way trade the right way don't trade with this idea of if I only have the right strategy come on baby come on [Music] what what's going to happen if you think like that what's gonna generally happen is the whole purpose of you moving away from your um your job or uh your business to come into Trading it's gonna get worse you're going to work longer hours you're going to be much more stressed out and it's probably going to take money from you instead of give you money you don't want to do that you don't want to do that so the very first step to doing all this is to elevate your mindset and saying can I actually get better and understand what am I even involved with we start there and then we'll start to become like those traders that we see on Instagram and all the stuff that that's attracting you right okay now moving forward moving forward now if we say this is a level of support resistance that I like I'm drawing that there that yellow line you see that now take a look at this this is a one minute let me just glance over at the 15 minutes let's see what they're saying I'm going to open this up 15 minutes huh that level there I don't know man I think the larger player on this time frame will be looking at a level like there so that level is weak it's not strong okay okay so let's say this becomes an important level okay 168 48 price got it let me go up a time frame and let me see huh on the 60 Minutes they also see that interesting they can draw the line nicely even if I put it there whoa beautiful it just connects it's like touch touch touch oh okay calm down the pre preschool uh Tendencies hold on go up a time frame [Music] huh is this important to these guys as well huh wow this area seems to be very important every time price comes near this area in that vicinity Wham it goes down in that vicinity Wham it goes down you're on to something now you're on to something that 168 58 ish level is now stronger because a big boy is going to be involved there this is not your level that we saw on the one minute that was here that's a weaker level although on the one minute that sounds like the most important level but who's watching it is what makes a difference who's watching it is what makes a difference okay so let me show you something here you see this level right now this is a line that I had drawn I didn't draw this was a line that was already there before right there's a line that is coming in from here to here to here to here to here and we're stopping right there but if I take you down a time frame okay I'm going to bring you down a time frame here's a 60. according to the 60 there is a level maybe there but okay so let me draw one there just to give you an example there's a level there there was resistance comes down goes through it support goes through it okay but if I go up to the four hour that area doesn't make any sense it's not doing anything there if I go up to the Daily it's almost invisible delete that is not a level I am interested in I am interested in where there are larger players are at Play because they move the market and I know where I fit in in their story I am not the almighty where I will make a level and things will happen because I have a strategy again I'm not trying to be offensive here sorry it just comes out just get heated up sometimes but I'm just trying to explain it yeah is it is it making sense actually it's yeah is everything I'm saying so far is it like click click click okay okay I've been doing support resistance wrong this whole time there is a way to look at suffers it's not going to be very far from what you thought you might know of support resistance you actually might be very close but at least if you've done any sort of support resistance everything in this webinar should click very nicely for you and you'd be like ah oh yeah I I didn't I never thought of it that way I just need to buckle down and clean up my snrs so we want to bring your awareness to these type of things yeah aha moments today aha moments yeah okay now where'd it go [Music] let me turn that off okay so now everything that we've talked about today we talked about snrs now what I'm planning to do is uh in the next few weeks I'm going to be doing another webinar and again SNR and then in the few weeks after that another webinar again SNR you see support and resistance is something that you cannot play lightly you know I want you to attend these webinars look at them as as best as you can and really hone in on the qualities of support and resistance because it is the foundational piece of good trading foundational okay if you don't know how to do support resistance well then everything else sort of is like I have a strategy I hope it works I have a strategy I hope it works it's the building blocks you have to know this because there might be a larger player involved who didn't get filled this is why those levels respond it's not because we drew a line on any time frame it needs to be visible to many time frames that's what makes it important does that make sense is it is that is that clicking for you guys yeah all right now those of you guys who are new to Urban Forex I wanna put this out there for you we have free trials and stuff over at Urban Forex um if you're already convinced with the way I teach and the way I can get you to the next level just go straight for the mastering price action 2.0 it's a great starting point to build your career in the right way with
the right knowledge with the right technique slash strategy but the focus is never strategy the focus is why are you doing what you are doing let's understand that first and then here's how to do it and then next level how do you make more money how do you become a bigger Trader here you go there's how you do it now now if you take this information you're like Navin Forex is a 24 hour Market I don't want to really be in front of my screen all the time that's fine I showed you in the beginning of this webinar I trade stocks as well in fact I'm going to get ready to trade uh the New York open in 30 minutes when the when the New York Stock Exchange opens as well so I apply the same techniques and logic towards trading the New York Stock Exchange as well so this is very versatile because I go into the core of what is Trading how and where do you fit in to pull out that chunk and says got my profit how do you do that consistently how do you do that regularly rather than saying I need a new strategy the current strategy I have is not working I need a new strategy the current strategies give me headache okay we'll be hopping all over the time in fact the chances are the strategy you probably have is a good one you just don't know when to use it and when not to use it because the whole approach is all jumbled up yeah so again if you want to start with the Mastering Price Action 2.0 you can head on over to www.urbanforex.com there's a lot of material on there for you to train to practice we have a wonderful support team that's available almost 24 7 Around the Clock they're there to assist you in fact eighty percent of the people in this room are going to be students of mastering price action 2.0 and the fact that they're here in this webinar also tells you that the bonding and the understanding that students have with Urban Forex is at the level that's never there with any other firm on the planet okay we know our stuff we've been doing it for over decades and we can really change the turn change the bring you the turning point that is required okay that's the right words I was looking for get you the turning point that you need that you've probably been missing year and year and year doing the same thing over and over again looking for the Holy Grail there is no Holy Grail but we can get you as close to it as possible all right guys thanks a lot for coming in today until next time see you guys in a few weeks cheers bye for now [Music]
2022-12-15 12:13
