Mastering Trendlines In Trading
all right all right all right uh good morning good morning hey Ian how's it going good how are you are you able to hear me just fine yep sounds good okay fantastic fantastic all right uh let's see how uh let everyone else come in uh we got approximately 400 people in here and counting oh it's going nuts okay all right so uh today's we're going to be talking about certain things that are revolving around trend lines uh hey everyone welcome welcome okay let me just uh uh change a few things here let me get my chat out of the way one second here let's get this all started okay um all right cool cool cool all right i think the room's going to be packed before we even get started okay so everything is recorded guys not to worry um everything is recorded so welcome guys welcome it is great to have you guys lots of familiar names uh good to have you guys here so Ian messaged me earlier this week so Ian to look at your message you wanted to know more about trendlines. You know what are trendlines,how do you draw trendlines and is there a trading system around trendlines. Right does that sum it up? Did you have any more questions around it that sounds like all the trendline questions ever well yeah pretty much all the general stuff I mean there's a few specifics but I think once you start going into everything I'll, I'm sure the question will kind of pop up as you're talking. So I'll just kind of start with the basics I guess just is there right and wrong ways to draw trend lines or like how exactly we do it how they can be used kind of okay yeah and there's all kinds of stuff around trend lines right breakouts uh you know trendline breakout systems trying like breakout strategies all kinds of stuff um how many guys in this room right now actually have dealt with uh trend lines before and uh have a experience of i draw the trend line but then i'm not sure you know i'm not sure what to do with it you know i'm not even sure if it's right you know that's like the questions coming in yeah okay okay a ton of you guys ton of you guys all right so shall we get started then let's go straight into it okay okay fantastic fantastic all right so let's get started here now i'm gonna share um a whiteboard first and then before we go into the charts and stuff i'm gonna share the whiteboard first i wanna see where um okay here we go let me just get the whiteboard up let me get the chat out of the way i think the room is packed now um sorry if you guys are watching this recording or on youtube and you couldn't get in live I apologize for that it's packed all right. Hi Steven, saying "first time in the webinar" welcome welcome okay how many of you guys here before we begin how many of you guys here are for the first time um you guys are saying volume two low is my volume okay ian can you hear me just fine uh i can hear you yeah yeah okay volume everyone's saying volume is good okay perfect volume is good all right cool cool cool all right okay some people here are for the first time okay so for those of you guys who do not uh know how we do things in here so my name is Navin Prithyani from urbanforex.com
obviously that's Ian with me also from urbanforex.com. Ian's a colleague of mines I am training him around various topics and we're doing this training live so you guys can look over his shoulder and see okay how am i training him a colleague of mine to make sure he knows every piece of information that there needs to to be known for a specific topic and that's why we thought we'd make it public so that way you guys can you know benefit by watching it as well yeah so far so good okay and the other thing is all the messages you're typing in the chat only me and Ian can see them no one else that means do not feel shy to participate when i ask questions to ian you guys can also participate in i will be able to see it and then uh so on so forth so no need to feel shy because only we can see your messages yeah so feel free to uh guess on the answer um in case okay let's get started let's get started okay a lot of you guys are students at Urban Forex from the Mastering Price Action. okay excellent excellent cool cool cool all right let's get started here we go circle yep yeah it looks good okay let's give them a little bit of hair oh yeah it's like a just a woke up person all right now trend lines trend lines okay ian do you have your annotation tools on this thing I'm gonna draw something and I want you to um draw a uptrend line for me okay let's take it super basic super basic see if you can draw an uptrend line for me let's start from there and then we'll get comp more and more complex okay all right so you're drawing the highs now here's a question when i'm doing a trend line do i need to draw the highs the lows which one is actually important well it's a good question uh but I'm assuming at least if you're dealing with an uptrend you're looking for higher highs and higher low so i'm assuming you probably want to draw the trend line on the upper side okay so i'm gonna show you a quick hack when you're going in the same direction okay so in case for an uptrend your highs are in that same direction right yeah the upper one is momentum it it measures momentum the lower one is to measure trend change oh okay okay they're two different things but they're both important okay so for example okay let me do something here so let's say it it was like this and then you draw the upper side can you draw the upper side again okay and then i do this so what now are you going to suddenly curve that line to try to connect it how would we do it might look like that if i do it on here but uh you'd probably then have to look for the lowest pointed your your whole angle of your of your trend line would change like would change okay but you've used the trend lines before right ian you've at least dabbled with it yeah dabbled yeah yeah okay how do i know okay i'm going to change my color and i'm going to ask you a simple question how do i know do i connect this part to that part this part to that part or this part to that part what am i supposed to connect i don't know that that was actually one of my specific questions i had actually for you just because really when you look at a chart you can draw lines all over the place like you can connect anything and make anything you want to look however you want but that's always been one of my questions i've always had am i actually drawing it from the correct you know low point to high point and okay so okay that's perfect let's take it one step further back why is it important to draw it correctly well you're using i mean the theory behind you're using the trend line as a a barrier or to gauge something so if it's drawn incorrectly like it can throw like like i said before you can draw lines all over the place but you need to know if it's correct so that you can actually correctly use that in your analysis so okay okay fair enough i'm gonna ask that question again towards the end to make sure when we come back to this we're going to circle back and i'm going to ask you why are trend lines important to draw correctly and then we'll see if you have a much more solid answer so 50 minutes on the clock we got to take ian from zero to hero okay all right within 50 minutes we got to get him a trendline mastery all right here we go there we go now sometimes you'll see a candle and it'll do that then the market will go down then the market will go down and then the market will go up and then it will go up again okay so now do i draw like this or do i draw like that um am i connecting the bodies am i connecting the tails does that question come up in your mind or any of you guys in this room that you guys ever have that feeling of wait where do i draw this yeah i get that question for sure okay okay good so a couple things you need to understand about drawing trend lines trend line is always after the fact you cannot predict a trend line it's always after okay so always remember that once you draw it from the past then you could pretty much try to determine will it hold true again that is a guess it's a theory it is not set in stone so let's do this if i have a movement up and it pulls back and then i have a movement up can i connect here to here uh you don't really know yet until it you don't you don't know that it stopped moving up so yeah there you go so what if it did this can i connect it up um you could yeah i suppose okay let me switch it around a little bit and then it does that and then we said oh no that's not my trend line that's my trend line yeah and then by the end of drawing the whole trend line you're like i spent seven hours of my day trying to get the perfect trend line i don't know what i'm doing trade's gone right because there's this huge illusion of how the hell do i draw it you know yeah okay here we go to keep things to keep matters simple do swings start with the idea of learn to connect swings this comes in handy even with channels okay channels are ranges that are sideways right okay so focus on swings now what is a swing okay you have the market going up pull back up pull back up every step of the way snr snr and then it goes down pull back down pull back down okay the up has been broken and it's come down that after the fact it's done marks your high okay when you get that again wherever it does it and then it starts to turn and makes a downtrend lower high lower lows after the fact is only then you can say that's my high i shall connect these highs so you're looking for swings in the opposite direction basically before you can accurately draw your line basically correct so there's less guessing and more accuracy of okay that's what i'm dealing with done period now let's go into the fine pieces do i connect the bodies do i connect the tails and all that stuff right okay now the question the next part is if you guys understand the swing part now and now it's like there's a tail here and there's just a body here and you're like okay should i connect it from the tail to the body or from the body to the body or from the tail to the body because my angles of my trend line will change accordingly yeah right so there's a whole question around well how which one is it that has a lot to do with what are you trying to do okay this will come in handy towards the end when we talk about objective what's the objective of doing this okay people are so focused on i need to draw a trend line why because some some brown guy on the internet keeps saying trend line trend line trendline so i want to draw a trend line but why am i doing this no idea right that like that's like 90 percent of the world is like i go on to youtube i gotta do fasting why i don't know someone's doing it on youtube so i'm fasting as well why okay so trend lines here we go okay now the whole goal of a trendline that majority people like to focus on is a change in direction which is if the buyers are going up if the buyers are going up okay let's say this is a swing i'm not drawing all the details okay i'm not going to draw that detail like that that's a swing up swing up swing and what we're doing is we're drawing this and saying we can connect this to this but what happens when this piece doesn't connect to that what does that mean it means the pullback's not coming in as deep anymore it's weakening that indicates the momentum got stronger you see before prices were coming down deep and now they're unable to come down deep the buyers are getting stronger momentum is picking up okay so now if the momentum is picking up and then how about now if i draw this to this it's not connecting momentum picking up it's getting aggressive it's getting strong so far so good yeah yeah okay now let me do this you've been connecting these lows and saying okay the moment it breaks the lows i'm gonna think about how can i get in onto the cells because that's the job of a trend line to tell you the trend has been broken therefore we're going to do the opposite so let me do this if the momentum gets strong is this trend line still valid i wouldn't i wouldn't think so no okay here's where the confusion starts coming in so we have subject a drawing his trend line like this yeah nice and smooth i you know 50 years of experience coming from preschool i know how to connect dots yeah baby all right then we have the next guy yo man i got another five years of experience on you i can connect these dots and i think that's what's up okay sorry i don't want to talk like that but and i think that's what's cool these days right like okay now there's a battle between these two players of well what does this mean this guy is saying if i get a break below this it's all about the cells and that guy says if i get a break below this it's all about the selling they're both correct they're both correct here's what's going to happen here's what's going to happen when this thing breaks some traders will get ready to do some selling off of this and then the cell goes down it goes hard how are the sellers feeling pretty good pretty good right i'm gonna change the color to red okay so cells are going down they feel great they're like yeah baby it's going then it pulls back again and then it goes down again yeah baby it's good now in their visual preference for those guys who focused on this trend line their job is my cells are working i'm gonna hold on until i see a hole on the bottom of my monitor and the price just goes through it and goes down to my neighbors downstairs and goes through their house and down to hell and says hello to the devil right that's the goal of these trend line break guys are like i want to see that price to drop so low that chinese people on the other end of the planet are like oh what's this you know so that's the goal right okay here's the thing someone who's sitting here watching this uptrend line he's saying price always respects my uptrend line always for these guys is prepare for buys prepare for bites you're gonna get some um complications with yourselves there from all the people jumping on the bus yeah there you go there you go so so far all i did was talk about some trend lines here and there shall we move a little bit into price action sure okay i'm just going to move you i'm going to divert you from trend lines into price action and i'll bring you back your trend lines ready sounds good have you heard the saying that a trend that's going up cannot reverse and go down do you know that to be true a trend always needs to roll over before going back down okay i need to transition time yeah an uptrend will become a channel a channel will probably become a range a range will become a down channel a downtrend will become a downtrend and it'll pick up speed this is due to the multiple layers of trend lines people are looking at until you don't get rid of all the different styles of trend lines coming at you your speed will never pick up because someone or the other is saying and then now i buy and then now i buy makes sense yeah that makes sense yeah so anyone who's trying to catch the top thinking i will take the absolute best price and i'm gonna sell it so hard and man like it's i'm gonna make so much money and then it goes in their direction and bounces again and they're like i thought it was a trendline break Navin told me when a trend line breaks it's supposed to go down but it's not going down and while waiting for it to go down i've i had three grandchildren by then right it's so irritating to wait for it like why isn't it going why isn't it going yeah so far so good yep so this is the difference between the multiple trend lines that are coming at you with the momentum now if i do this okay i have this trend line i have that trend line it'll drive people nuts right that's like oh i'm not going to draw 50 trend lines right that's going to drive you nuts it's like i'm not going to do that here's the thing here's the thing now we talk about what's the objective how do the larger players use trend lines as a point of reference to make a living okay now obviously every webinar i teach you in an area as if it is the most important thing on the planet and again even in this webinar trend lines is the most important thing on the planet because that's how you get mastery you have to put all your energy and love into one piece become a pearl at it and get the next piece pearl at it put it together next piece pro at it put it together and then you know you make the puzzle accordingly yeah right okay here we go i'll change the color a bit okay let's make it dark blue so anyone who does who can't see this we'll be able to see it let's throw a little curve ball prices are going up it's set in stone that this is your uptrend line right it's set in stone but then prices do this had that experience before oh yeah lots right so it's like wait what is this what i didn't see that coming what is that do i count it do i ignore it do i you know break my trend line here and say okay now you go here but then it went higher high again okay in a candlestick pattern if that was a candle this piece to this piece i'm going to draw circles this circle to this circle the next candle is engulfing it it's almost like it's taking it out fully yeah right it's an engulfing pattern or the big brother whatever you want to call it like i don't know what people call it these days but it's it's doing all so now the question is what was this are people gonna call this a probe are people gonna call this a faker whatever it's called i don't care what does it mean that's what's important when you're trading i don't care what it's called i don't care what oxford university people are saying about this in terms of the refined language of what this is is you know you don't care about that look put your glasses away you want to figure out what does this mean that's all you're concerned about right so when prices move in a certain direction it always means something always means something right oh you have to remember that okay so when dealing with something like this it's obviously trying to break your trend line okay so let's shake this back a little bit okay okay so now when this trend line breaks this is where the evil booboo happens if you want to call it people look at this as break what does it mean at that moment they don't see it's going to be a fake yet right no one at that live moment no one can predict the future they just simply see a break and therefore they're preparing for a cell and as they're preparing for a cell it goes higher they're like okay that's the cell it wasn't at snr it's gonna be higher and then it goes a little bit higher okay that's the cell it's testing the underside of the trend line we need some kind of resistance then it goes a little bit higher and then it goes up there it's like okay double top and then we sell it goes a little bit higher like you know what this whole thing was a fake but after ruining someone's account balance all the way down to zero because the guy keeps trying and trying and trying and trying yeah had this experience anyone yeah i have for sure yeah you know why i know this so well because i was that guy i was that guy selling and selling and selling and selling and then i said you know what i take my laptop screw this trend lines it doesn't work all right but it's the understanding around the trend lines that makes all the difference okay so it has a lot to do with price action also but for the sake of if all you know is trend lines let's work on that a bit now here we go can you explain to me ian what is a downtrend lower highs and lower lows okay i'm gonna ask a simple question to everyone in this room what is a downtrend lower highs and lower lows okay ian can you draw that for me here we go let's put everyone in here their knowledge to the test to see are you pro enough okay all right is this a lower high uh it is yeah how do you know well i mean i don't have any more information up here i guess so um okay i know it's i guess if you were to say you know that's lower than if you had this depending on what how much information you have i want you to focus on what you just did you needed a confirmed previous high before you can call this a lower high right is this a lower low same thing again i'd have to i'd have to like draw another piece like like this too you needed a confirmed low first before you can call this a lower low many people just look at the visual design of this and say downtrend baby without actually understanding of you can't get a downtrend unless you have another set another set coming on to it so far so good okay super basic stuff 90 of the world doesn't understand this but they all can say lower high lower lows everyone can say this but yet it's a mystery okay here we go let's go deeper ready so in this process uptrend uptrend uptrend okay at what point is it officially an uptrend um where's your higher high your higher high would be i need to get my drawing tool here and probably right here is your first real higher high that you have that you can perfect that's your higher high where's your higher low right here okay now how do you know that's a higher low only when you get this piece right yeah so if i draw this portion boom boom boom it's not an uptrend right i need this to happen and then i gotta finish it and then it's an uptrend that makes a lot of sense i guess i never really thought about it that way because you just you look at the lines going up you don't really that's pretty cool actually i never thought about it that way yeah it's one extra line and everyone just prejudges judges it and that is a basic missing element that everyone just screws up on and then therefore everything else that comes after it is all mistakes it's all mistakes okay all right so here we go so far so good is are you with me right everyone here also watching along with me okay i see some people saying i mean can you do that again i'm not doing a magic show it's it's i'm trying to show the basics it's the real basics that you have to master right okay it's not like uh i'm you know like and then from my sleeve another trend came out you know okay all right so let's take a look at this i'll do another example yeah so let's let's do it in a different way i always like to throw a little curveball right here we go okay all right let's do this so the markets are going down we're gonna flip it around a little bit they're going down pulls back goes down pulls back goes down downtrend confirmed yep perfect okay now that you have a downtrend and you're like got it therefore i will use my skills from elementary school to do this and i will use my skills from elementary school to do this all right so we got that stuff going on now in this process the bias goes up down it breaks that down move that down move that means the down trend has been broken so now what what does that mean well it doesn't really mean anything yeah i mean you still need you can't say it's an uptrend yet um why not why not well you need more information you need more information you need you need to see more because that could easily just come right back down good similar good your other example what we're doing right now is just based on your knowledge of the last 30 minutes you and i we're gonna make a strategy here live together how do you develop a trading system or a trading strategy using trend lines okay and we can call this trendline trading strategy that works in 2020 okay all right here we go or five best ways to draw trend lines okay all right anyways so we have this downtrend it breaks into the up up move once it breaks up the whole idea remember what i said before can a down becoming up not not straight away it's not straight away good good having that said from this moment it starts to pull back we don't know if it's going to come back inside so you will never trade very close to the break that is like no no good slap of the wrist okay never trade at the break or around the break let it develop so far so good anyone trading at the break is at the mercy of gambling they might get lucky they might not but it is not consistent here we go then the price comes here can you buy it now no this is a typical design people love to do break out of a range and then i gotta buy that i have to buy that can you buy no nope not yet let it develop this what it's going to do is going to try to resume you want to see go back to the downtrend and i want to see the inability to downtrend right okay giving you that time and that transition too correct do we have a higher high in this process anywhere not yet no do we have a higher low in the process um maybe but you don't know yet can you draw my first low where's my first low that i'm watching probably watching this low here okay so green circle you're saying that's the low do we have a higher low you it looks like it's going to be hard but i would want to see something to ah there you go there you go many people start drawing this as the higher low and then oh that's not it it's that one oh that's not it it's that one they start buying it ahead of time thinking i gotta buy it doesn't work i gotta buy it doesn't work i gotta buy it doesn't work it's still a high or low still but i just you know have to take a loan from the bank because i have no money for rent now right you see you see what's happening yes the logic is correct that you want to buy not yet calm down calm down right not yet because in theory in theory this could just zip down too there you go there you go and then the whole possible break is a void and then we can say huh looks like it was fake yeah you don't claim it as fake just because you see it in an oxford dictionary because we have to label it something you know now why it's a fake yeah okay you understand it you understand the why behind it it's not just a label right okay so you get that move you're just predicting you're you're basically just trying to until you get that confirmation either way you're correct just fortune telling is all you're really doing there you go thank you there you go so now how about this let me remove one of your lines can you remove your green line yep um oh wait sorry yes just remove all the lines okay perfect perfect okay all right so now let's say this this thing goes up i'm gonna change my color now to uh red okay so now here's what we're gonna focus on so now it goes up and you're like ah there's my higher low hello new little one welcome to this planet okay so you got your higher low you now have half of the piece required to make an uptrend yep what's gonna happen now is many people who are looking at this downtrend would you say there are some people looking at the downtrend in a angle like that because they're connecting that guy and that guy yep so you don't know yet you don't know yet and then here they fight again and then it goes up hello higher low we meet again what you're doing is you're tiring out the sellers every single time that this is happening every time that slows down the seller's like you know what this is irritating me i don't like this i don't like this i don't like this what is the nail in the coffin for the sellers some sort of a strong i'm assuming some sort of a strong buy move that comes above if that comes in you know all the sellers are buying diapers okay trying not to use words but they're buying diapers now they're like oh no what is happening but what just happened is you now developed an uptrend any buy off of this you're gonna make some money because now you've put in a higher high as well you're gonna make some money yeah because by now you've got rid of the sellers by doing that process you've got rid of the sellers now i'm gonna try to explain all this very slowly here we go all of you guys here right i'm gonna change the color here to dark blue that's you guys okay or here that's ian there you go man that's you all right i'll give you a little bit of a hair and i'm gonna pick one person from the room and there's vinayak just next to you okay he's right behind you he's like yep what are we gonna do today buddy and there is a suburban okay suburban forex all right so all three of you guys are players and you're like yeah yeah okay and even elton okay he wants to be in this too so all of you guys are like we're gonna sell this right we're gonna sell this and you guys figure it out some way shape or form and you hit the cells right there sales going your way all of you guys that that names i've said including you ian and it pulls back how do you feel i feel i'm expecting a pull i'm still feeling okay feeling all right then it goes down bam how do you feel really good now yeah you're rubbing your fingers and you're like yeah this looks good pulls back a little bit bam how do you feel well where's the ferrari there you go why just one why not 10 ferraris right feeling proud feeling great and then you get a movement that challenges your last movement and wipes away that profit that where you said where's the ferrari ferrari just went how do you feel definitely that was my my first worried point i wouldn't um not freaked out but definitely worried at this point okay but remember you were nostalgic or not nostalgic you were euphoric when you were making money so you're in the mindset it's gonna go it'll go again right yeah and then we'll just upgrade a little bit from ferrari to rolls royce you know why not why not or we'll get both okay then the price comes down choppy choppy choppy choppy choppy how do you feel pretty pretty nervous now especially knowing how hard it came up before when it came to that area okay then it shoots up a little bit but it doesn't go higher than the last time it panicked you still okay but um getting getting pretty nervous but i'm still okay because okay i'm gonna draw a line here there you see that line i slashed the chart in until that point you and none of your buddies had any issues whatsoever but after that line your tone has changed yeah you're constantly thinking what do i do what do i do what do i do should i no no like you're panicking in the range the conservative ones okay ian let's say you're conservative you might get out but the aggressive ones are like no no it'll go man just watch i swear to you i swear on my neighbor it's gonna go just watch i know it okay i know it and then what does it take a strong push against them close now ready is at this point if anyone who's focusing on this knowing that the sellers are getting out and they focus on their buys here that buy will pick up speed because there's no one selling sellers quit oh that makes a lot of sense but anyone who's so aggressive trying to get in at the earliest break of that is gonna die anyone gets in on the test of that trend line is gonna die because there's no understanding of the market structure there's zero understanding of that it is simply a strategy that's a failing strategy by doing that okay so if you ever see a strategy like that run the opposite way right it's as simple as that okay so now a trend line is a guide is it an entry mechanism no no so anyone saying i need a trendline stuff uh you know because i need a trendline to break and then i will enter i need a trend line to break so i know where my stop-loss is going to be all those people are in trouble because they don't know what to do next it's just a break happens and the mind goes blank and that's it so i don't want you to do that i don't want you to do that i don't want you to focus on just the break of a trend line because that trend line can go back down and resume yeah right but uh what's the it's what the information tells you after that break that's important more so there you go there you go so now we're gonna spin it back ready all of you guys we're gonna take you back now all right let's go down memory lane memory lane i mean 20 minutes ago right because we live in the world of instant gratification 20 minutes is a super long time let's go back 20 minutes all right so here we go here we go now we have this downtrend that we were going and going and going and going and then we draw this line and we're like oh such beautiful line you know look at that so good so good then the price comes up it breaks that nothing happens here it does that a little bit comes crashing down now i want to ask you a question do i change my line to incorporate this or do i can i keep my line where it is you keep your line where it is at that point you can keep it where it is for now this basically means many people what do you think people did when that trend line broke what they bought if they bought that means they're all stuck when that market crashed on them and all those people stuck is fuel or gasoline or electric these days to go down faster faster so now if it goes down faster your trend line needs to be adjusted to the one with the higher momentum all right yeah because if you wait for this thing to break and you will get a very late price in the buy a very very late price you got to stick with the price so you can get a buy done early on so you can decide what to do there and even cash out a little bit yeah remember what happens if a big boy is looking at this they're like come on down come on down come on down and then they buy it they buy it here just give it a second they buy it there does the public know about the buy no and then it goes up till here but the public sees a nice downtrend do they know about the buy yet no and then it bounces here a little bit and then it goes even higher now does the public see it yeah they'll start to see it now now they're jumping in on the buys what do you think that's buyer that big boy who started buying earlier is starting to do cash out i would say he's made his shout and this cycle repeats over and over and over and over again okay all day long day and night any time frame one minute to the daily to the one second all day long it's because the human psychology on the market unfortunately is i will sell if it's down uh and i will buy only if it goes up but there is an element of i gotta predict it a little bit you have to take that little risk people like to see visual confirmation usually before yeah right that's why you know how many corporations in the world are there versus how many people work for the corporations right yeah it's because the risk is being taken by only a select few right by doing all the excessive homework and the rest want to just just tell me what to do give me a salary i just want to watch netflix you know i don't want to think of all this stuff just trend line break done i'll do a trendline break i don't want to think about it you see you don't want to be that guy because those guys die in in the market they become the victims in the market okay so when we have this wave of people coming in they're getting wiped out very quickly because they're thinking the market is a shortcut to to success and then they're watching all these instagrams and this and that and they're getting reeled in thinking oh man he clicked a few buttons and then he bought a gucci shirt and a ferrari in different colors oh man it looks easy and then you go to his website it's like two thousand dollars if you want to learn how to do this huh you know it's like so you want me to pay you money for you to teach me how to make money why don't you just give me the money like i don't get it yeah you know it's like a signal service right well and who who buys a signal service i don't understand like it doesn't make any sense all right so far so good yeah so you could even use those trend lines like if you were to put the work in reading the story you can even maybe not use the trend lines like a traditional like trader would use them you could almost use them like i know a lot of people would get in there you know what i mean like in that sense like um uh to kind of know when the public could be getting in and when maybe you should not get in and use it that way that that's the element of trading you can use trendline you can use macd you can use rsi you can use fibonacci you can use whatever you want bat pattern cat pattern dinosaur patterns whatever you want it's just do you understand the market right have you noticed you know you're in the Mastering Price Action 2.0 at Urban Forex right have you ever noticed me talk about a trend line or anything like that in there no the whole focus is can you read price perfectly do you know what is happening to price around all these indicators and all this mumbo jumbo that everyone's trying to do if you can understand that you're one step ahead and that's all it takes you don't need to be 100 steps ahead just one step ahead because the shark is just behind okay taking out anyone who is just behind you yeah it makes perfect yeah all right all right all right so let me pull this up all right all right how many i want to ask a question how many of you guys here are already uh yes sorry some of you guys are asking is this recording yes it's recorded we're going to be giving it to you um in your libraries we're going to be putting it up on youtube as well but how many of you guys here there's like 1 300 of you guys here jesus christ there's a lot of you guys in here all right how many guys here are actually students of Urban Forex from the Mastering Price Action 2.0
does okay okay it looks like half the room is students it's like okay all right yeah that's a lot of me holy crap um all right cool how many of you guys are not students of urban forex okay those of you those of you guys who are not part of Urban Forex or the Mastering Price Action 2.0 which is the stepping stone the block that gets you to the next level to think outside the box you can pick up the Mastering Price Action 2.0 today and i will open up the fourth of july special for you once again if you're in this room i'll give you the fourth of july pricing again okay because if you understand everything that you've learned so far in this webinar your brain is starting to click of okay so i have to think a little bit differently than the traditional connect this connect that place and when that connection breaks then you gotta trade if you can think past that Urban Forex is gonna be your new home that is where you're gonna stay for the rest of your life Urban Forex is now family but if you're from that mindset of I need a technical pattern i need A+B = C then you can join the 99 there is no room at Urban Forex because nothing is gonna be in that language nothing is in that language okay if you wanna raise the bar and you wanna join the Mastering Price Action 2.0 and start your journey as a trader the right way
then you guys can join the MPA 2.0 using the fourth of july special which is let me type it for you it is urbanforex.com/webinar i'm going to type it in for you urban forex.com/webinar and do you want to buy it again as well sure
how long have you been in the Mastering Price Action, Ian how long has it been since you started Urban Forex in general, not the MPA 2.0 how long has it been for you? November, December, November i think when it was first released so okay so about whatever that is now eight it's almost like halfway through the year now so i guess it's like eight months or so okay okay how many guys here are actually further down the line you guys are like in the Iconic or even at the Elite level okay so i'm guessing there's no one from the outside in this webinar it's all students this is just all students okay great great i'm glad i'm glad you know this makes me happier that our students are majority of the people in our webinars because that tells us that you're not just learning and saying ah okay let me try something else and then you read a book and let me try something else you're solid you're grounded and you know where you're headed everything makes sense and you're going deeper and further you're going deeper and further one of the things that sets all of you guys apart as urban forex students is your ability to have patience and try to understand the why okay as everything that we do it's never around do this and you'll be good i hate that language i personally i really dislike that language i want to know why i was that kid my parents hated because i kept asking why be that guy who says why it needs to make sense to you otherwise don't even put one dollar on that trade you need to know why why should you do certain things right all right all right in any final questions anything you want to touch base on again i know we we went the whole hour on just a white board i didn't get a chance to even get onto the charts but uh maybe you know we can do some examples or something uh you know on our website for trend lines um for everybody but any questions i think you covered that most of like all little questions kind of got answered throughout the webinar so i mean i gave me a really solid understanding of how and when i should use trendline so it was really great that you could take your time to do that for me that was fantastic so some of the earlier webinars that we've done together you notice the rhythm of price action is very similar but then the technicals change around a little bit yeah right that's the key the key is not the technicals you can give me any technical pattern i'll find a way it's the read of the market can you do that if you can do that you're golden you're golden each pattern is a little bit different like it's never they're going to give you the exact same pattern quote unquote exactly exactly there you go because someone new is always going to come up with a new strategy new system new technique always and then they'll have to keep filtering it filtering it filtering it so all right guys so again for those of you guys who are new and you want to join the MPA 2.0 it is www.urbanforex.com/webinar you can pick up the course that is a 149 dollars you will be able to pick it up for less than a 100 dollars today it is yours to keep every single day you get examples as well on what you've learned in that week week after week i will release new lessons so you have enough time to practice but at the same time every single day you'll get examples for that specific week so there's lots of material lots of practicing uh so that way you can raise the bar on how you look at the markets all right guys so i hope i've answered all your questions in i know your three major ones was uh uh what is a trend line but i i know you know what is a trend line the other one was uh um how do you draw a trend line now you know it can be subjective but it doesn't matter it doesn't matter right it's kind of how you draw knowing how to use the chart to draw that was the main like instead of just drawing lines i could have a thousand lines on my chart but knowing how to draw those quick quick quick pop quiz pop quiz if it's a downtrend if i connect my tops what am i trying to do uh the tops of a downtrend the top part of a downtrend yeah why am i drawing to measure the moment like the speed okay is it the top or the bottom the bottom yeah that's what i mean i think we did an upgrade that got all confused yeah but yeah yeah yeah it's if you connect the tops then you're that basically means if that breaks uh you're looking for a change in direction but if it's in the downtrend and then your angle gets even deeper uh then your momentum has increased so you can draw it on both ends if you want if both sides are holding what does that mean it's top and bottom they're maintaining perfectly equal and the trend is still going is it a trend well a channel a channel okay you you guys know what you guys are doing get out of here get out of here all right we're done for the webinar all right guys thanks a lot for coming i'll see you guys next time cheers Ian so yeah thank you no problem take care bye for now you
2021-04-08 15:52
