Have a look at this chart over here. Now let me ask you what is wrong with this chart. Take three seconds to think about this. The answer is this is that there are too many support and resistance levels on the chart and really good.

Too many support and resistance levels on the chart. You get Analysis paralysis. This means that you are going to get conflicting information right? That makes you feel at a loss at what to do. So for example, let's say you know the market over here.

It makes a pullback, a slight bounce. You want to buy right? Because after all, look at this area of support. Brainer: Okay, fine and then the market goes up higher into this green level. So area of resistance, Resistance resistance.

Now do you sell at this price point? Are you gonna not your head in? CSL Okay, if you sell if you sell right, then think about this. Didn't you just buy a few moments ago and now you're selling. And if you want to sell, then how are you going to write the trend up high icon right? The width? Well, you can't right? And that's the problem with having too many areas or support and resistance on the chart is there. You're going to get analysis paralysis, right? Every decision that you make right? Somehow There's another piece of evidence telling you that you are wrong and you always feel lost and confused.

So if you feel anywhere along those lines, don't worry because in today's training you will learn number one. Why support and resistance? They are not equal because their time support is more powerful than resistance. and there are times resistance is more powerful than support. So you need to identify the right times to know which to pay attention to.

So this way you get less analysis, paralysis, less confusion, less frustration. Number two: How to draw accurate support and resistance in levels so you can better time your entries when exactly should you buy when the price comes into support because I'm sure there are times when the price comes into support. You don't man, it's a buy. and when you buy the price collapse.

why is that and how can you avoid it? That's what we'll cover in this section. And finally I'll share with you a support and resistance trading strategy to profit in Bull and Bear markets. And it works right. Whether you're trading the stock market, the Forex markets, or even the crypto markets, sounds good and smash the thumbs up button and let's get started.

Now the first thing to understand is this: support and resistance They are not equal. I Don't care what other Traders say, you know support and support resistance resistance. No, they are not equal because in certain Market condition, right one is more powerful than the other. Let me explain.

So if you look at this chart over here this is the chart of dollar against the Japanese Yen This Market is in an uptrend so let's say for example, if you were to draw resistance right, this Is not how I would usually draw, but just follow along with me. For now, let's say this is resistance. This is resistance, resistance, resistance. Okay, and then this is a support support.

All right Let me ask you in this market condition is support stronger or resistant stronger? Let's analyze it right step by step. So this is over. Here is resistance. You see the price breaks above resistance.

This over here is resistance. Price breaks above resistance. This is resistance. Price breaks above resistance.

Now what about support, right? This is a support price. Didn't break below it. Support price didn't break below it. Support price didn't break below it.

So as you can see in an uptrend, resistance tends to get broken. and it is kind of like logical right Because as you know, Market is an uptrend. It means a series of higher highs and higher lows. This means resistance should get broken.

So this means right In an uptrend, support is more powerful than resistance because it tends not to get broken. Yeah, so understand support and resistance resistance right? They are not equal, right? Let me give you another example. This one over here. this stock is Adobe This Market is in the downtrend.

Let's say you draw resistance, resistance, resistance. Let's say this one here is a resistance and this support Support Let me ask you is support stronger or resistance stronger in this market structure and the answer is this resistance is more powerful in the downtrend. Right? If you look at support right, support is broken right price, then breaks down lower brakes, support, and if you ask me if the trend continues down lower, this area of support is likely to get broken as well. So when the market is in a downtrend, resistance is more powerful.

It's stronger. So understand this concept. So now the question is, how do you actually draw support and resistance correctly? Now you might be thinking, but Reyna What about range markets? Man is support stronger or resistance stronger in a Range Market Great question and I'll answer it in the later part of this training. But for now, let's talk about how you actually draw support and resistance.

Like all right. So have a look at this chart over here. you can see that this Market is in an uptrend and as you know, right in an uptrend, support is stronger. So this is where we want to give it more attention.

So let's learn how to draw support in an uptrend. So why why do we want to draw resistance in an uptrend? Because as you've seen right, resistance tends to get broken in an uptrend, so we're not too concerned about it, Let's focus more on drawing support. Okay, and the way I'll do it is that, uh, I'll pay attention to the two most recent swing points. What do I mean by this is that this is what I call a swing point.

This is what I call a swing point. This is a swing point. This is a swing point. So I'll pay attention to the two most recent swing point when the market is in an uptrend.

I'll explain why shortly and how do I draw support is like this right? So you can use a rectangle tool or a line if you prefer, right? But for those of you who are new I recommend drawing it as a box because support is an area on your chart and what I would like to do is to get as many touches as possible right at my area of support. So for example, I'll Droid there's some possibly something like this. Okay, why do I draw this box in this manner? Because I got this one touch over here I got the other touch over here here and this touch over here. so I've got three touches over here.

so I like to get as many touches right into this area of support. So another example this one over here I would draw this probably something like this. Okay, so for this area of support you can see again I draw it in this manner because I got multiple touch I got this one over here previous resistance which became support this area of support and then this area of support as well. So this is what I mean by you know, drawing your support to get as many touches as possible into the box into the zone.

Now what about this level here? And what about this level here? Why are we not drawing support at that level? Good question. and the reason why I don't draw support at those levels is because if you think about this, let's say the market comes down lower into this low Over here, let's say into this area of support at this point, I am not interested to buy Why? And the reason is simple. If you think about this. if you visualize the chart, if the market were to reach this point, this Market is no longer in an uptrend, it's probably in the downtrend.

and I'm not interested to be a buyer in adulterate I Like to trade with the trend of course, for those of you who are counter Trend traders, that argument might not be valuable for me I like to trade with the trend and if the market reaches this low, this Market is in a downtrend and I don't want to be buying even though the price is at support I'd rather rather much be selling. So this is why I Don't draw. You know every swing level as support on my charts because there's no point to it. Make sense.

So let's have a look at one more example over here. So this market now is the inverse. It's now in the downtrend. So how do we draw our resistance? Since you know that resistance? is more powerful in the downtrend, So same concept applies.

We like to get as many touches as possible, so this is going to be one of it here. Okay, so you can see over here this one over here. We've got quite a number of touches like one, two, three, four, five, six touches. right? So my zone my area of resistance will be here.

The other one would probably be somewhere here. Okay, so you can see that over here for this second one. Like one touch, two, and three over here. Now, what about this one and this one over here? Why am I not drawing this again? If the market would rarely up higher and retest, let's say this: highs over here at this point.

All right, let me ask you, is the market in an uptrend or a downtrend? At this point, if the market gets to this price level at 34 000, the market is probably in an uptrend. I'm not interested in shorting uptrend, so this is why I don't draw every level as my resistance because it's not relevant. Make sense. So now next question is this: how do you trade support and resistance like a pro? So now, in order to draw support and resistance right, how do you actually trade it like a pro? So here's an example.

If you look at this chart, you can see that this is an area of support all right and Traders might be tempered. Tempted to let the price comes into support and then just buy over here. But for me, I Do really, really like to do that because I'm sure you've experienced before. You know when the price comes into support you buy.

The next thing you know it collapse through support and goes down lower. So what I'd like to do instead is to actually wait for some sort of a confirmation otherwise known as an entry trigger. And by the way, if you are enjoying this training so far, smash the Thumbs Up Button If not, hit, subscribe. Okay, moving on.

what is an entry trigger? An entry trigger is simply a specific price pattern to help you time your entry to tell you. For example, hey, you know it's time to buy. Yeah, so we're looking for the specific price pattern to tell us that. Hey, we know it's time to buy.

So what price patterns can we use, right? So there are a few common ones, but two I Want to share with you Today someone is called the hammer. So what is the hammer? So for those of you who do not know a hammer simply tells you that the buyers they are temporarily in control because this is the opening price of the hammer. So let's say if you look at this Hammer it's on a daily time frame. Okay, this is what it's gonna mean.

This is where the market open. This is where the market has closed and this is the high of the day. and this over here is the low of the day. So the story goes something like this.

So when the market open right, the sellers took control and push the price down lower near the lows of the day at the maximum pessimism, right? What happened is that the buyers right, they will push the O'Connor And then they found the strain. They found the courage. They found a conviction to retell it and push the price higher to close near the highs of the day. So this this is like for those of you who watch Marvel endgame right? You know Captain America is all alone facing Thanos Army And you know that Well, that's the point of Maximum Pessimism.

That is the end. Then what happens and then that's where you know I Think he's his friend right? Sam right? The Birdman comes in, then the portal starts to open. Black panther appears Wakanda forever. right? and then and of course you know they got into a war.

The good guy won the bad guys right? So this is kind of like similar story at a point of Maximum Pessimism, right? You know the bias to control and push the price higher to close near the highs of the day. So as you can see, this particular price pattern tells you that the buyers they have temporarily won the war. they are in control for now. The other price pattern I want to share with you or Candlestick pattern if you want to call it is called the shooting star pattern.

So you can see this over here again is the opening price. This is the closing price. So one thing to note is that a hammer and a shooting star right the opening price and the closing price. They are opposite right? So this is for hammered opening prices here.

Closing prices here. Okay, so you can see that the close is above the open whereas the shooting starter close is below the open right. So this is just basic Candlestick knowledge. And as usual this is the high of the day and then this is the low of the day.

So the story of a shooting star pattern goes something like this: When the market open right the buyers you know they Chong are you know they quickly push up the price higher near the highs of the day and maximum optimism. Why? you know we're celebrating right Victorious right? then suddenly right. the sellers right? they you know, maybe overdose with steroids? They got really strong and push the price lower. closing near the lows of the day, you know, signaling you that the sellers they are temporarily in control.

So this is kind of like you know at a point of Happiness maximum of the optimism and your whole world suddenly come crashing down. Yeah, so this is like you know you you didn't study for your exam and then you go back your exam results, you got an A you're over the moon. like wow hey and then and you only realize it's actually a for absent your whole world comes crashing down. So same for this shooting star pattern, right? So these are two very, uh, popular or useful entry trigger techniques that you can use to time your entry.

and before we look at some examples, I'll walk you through a recap right to what they've just covered. Number one, support and resistance. They are not equal because as you've seen right when the market is in an uptrend, support is more powerful and when the market is in the downtrend, resistance is more powerful next to draw support and resistance. I Want you to focus on the two most recent swing points because those are the two most relevant area on your chart right for buying opportunities.

And finally you can use entry trigger like you know in the hammer pattern or the shooting star pattern to help you better time your entry. Okay now let's have a look at some training examples so you can see how you can use the concepts that you've just learned right to trade the market. So you learn a support and resistance trading strategy that allows you to profit in pool and pair markets, right? So first thing first, remember right, what is this Market structure? You can see this: Market is in an uptrend and when the market is in an uptrend, we want to be buying as much as possible at Support. So let's identify our area of support right on this chart.

so you asked me to draw it. I'll probably have this one here okay, and possibly another one over here. Okay, so you can see that these are the two most recent swing points right on the chart. Next, let's see what happens next.

So what my plan now is is that if this is what will happen, right, I'll be looking for buying opportunities right at this, uh, first area of support, or possibly this second area of support. If the price comes down to here or here, it's unlikely. I'm interested to look for buying opportunities. I'll probably look at some part of markets instead.

So let's see so the market is down lower comes down into this area of support. Let's see what happens next. Now over here we have a hammer. So if you remember, a hammer tells us that the buyers are temporarily in control as they have managed to, you know, push the price and close near the highest of the day.

So this is the valid entry trigger to go along. So let's say we go long on the next candle open. So I'm just gonna let's say uh, have a alignment to signal that we go along on this, uh, next candle open. Let me just remove this.

box. so I don't confuse you. Okay, so so now this green line represents our entry price, right? Okay, so if the Market opens the next day, right, this is our entry price. Now what about our stop loss? Our stop loss is something that I've not covered yet.

But generally when I set my stop loss I like to have it a distance below the area of support I Don't like to set it just over here because the market could possibly come down lower, hit my stop loss and then reverse up higher. How many times have that happened to you right? So this is why we want to set our stop loss usually a distance below the lows and want me to go about doing it is that we can actually use the ATR indicator to help us with this. So it's just such: AGR pull it out I Typically go with a 20 period ATR and SME Okay, so what we're going to see now is that the value. The ATR value is 1.221 So how do you make use of this information So very simple.

This tells us that over the last 20 trading days, this currency pair Swiss franc against the Japanese Yen moves an average of about 122 Pips a day on average. So what we want to do is to identify the lows over here right at minus 1.221 So what is the lows of this Candle over here? So if you realize the low of this candle, it's uh, 137.15 So I'm going to take 137.15 137.15 Minus 1.22 Okay, so if I do that I get 137.15 minus 1.22 That gives me a value of 135.93 Pardon D in writing So 135.93 So that will be my stop loss level. So I'm going to highlight that on the chart so you can see it. So over here, let's change this to rate to signal that that is our stop loss.

One, Three, Five Point Nine, three. So that is my stop loss. Okay, so now just to reiterate right why this level is our stop loss. It's very simple because this low over here, let's say this low.

let's call it X right with minus one ATR Okay, you know the value of this low is about uh, at that point in time was about what? what? I see I Remember, but the low over here is pretty much a 137.15 right? Every minus of 1.221 as shown over here, which is one ATR value and that gives us a stop loss of 135.93 as shown over here. Okay, so that's how we derive with our stop loss. Now what about Target So many ways to go about setting your target, but for Simplicity sake. for now, since this is the first example, we usually can set our Target just before the recent swing high.

So let's just change this to Blue and set this as our potential Target profit, right? So because this is again, it's an area of a resistance Price bounce of ones come down lower, bounce off. second time, come down low. So maybe at that time you could hold up right and possibly reverse down from here. Who knows, right? Although this Market is in an uptrend, it doesn't mean that you know the price will always go up forever.

So this is, uh, this swing High over here could be a good reference point for us to take profit where sellers might come in and exit some selling pressure over here. So this would be a potential Uh level to set your target. Now, if you want to assess this from a risk to reward standpoint, you can actually use this particular tool over here. Click long positions and you click this over here.

So this one over here you should put it in your entry point and this one put it to your stop loss level. This one over here put it to your take profit level and you can see that over here. If you assess this, uh, potential trade, it's a risk to reward of one to one point, one four. This means you're risking a dollar to potentially make a dollar and 14 for this particular trade and just to walk you through this particular trade right? What happens? Let's see eventually the market did.

Uh yeah. probably would have hit our Target over here on this candle right. giving us a profit. So if just to place it right, let's say you know there's some sleep Pages you didn't get filled eventually.

Yep This candle would definitely would have gotten you out with a profit for this particular trade. So this is the example of how you can actually use support Resistance right to uh, time your entry right and to identify you know trading setups in the market. Okay, moving on right another example and this time around we will move to the stock markets. This is the stock of Chk and again same principle applies this: Market is in an uptrend, so in an uptrend, we want to look for buying opportunities near support.

So If I were to draw support right, What's interesting is that over here. I'm seeing this is an area of support. Okay, and I'm seeing another area of support just shortly. I Think below here.

there's another one over here, so they're pretty close in this particular example, right? So let's see what happens next. So in this case, the market broke below the first area of support. Really reverse? Let's see. Nope.

Now retest our second area of support. Then now over here we have a very strong bullish price rejection right? So again, this is not a hammer, but this is what I would call a false brick setup. Why do I say this is a false break? Because you can see the market took out this lows took up this lows over here on this candidly broke both area of support. So at this point right many Traders will think that the market man is going to collapse going to crash.

it's a bear Market But what happens next is that the market the next day reverse strongly and close back above the high. So if you think about this, the story behind this price pattern is similar to a hammer where at a point of extreme pessimism, the bias you know step into control and push the price higher, closing near the highs of the day on this candle that you see over here. So although this is not a hammer Candlestick pattern this story behind it if you read Candlestick pattern is very similar to a hammer, so this to me is a sign of strength. Buyers are stepping in about to push the price higher.

So what I'll do is again I'll look to enter on the next candle open. So for now I'm going to remove these two levels to make it clearer for you to see so the next candle open. This is going to be my entry point over here. This will be my entry I'll put this to Green Okay and now for stop loss again.

I will set it a distance below this extreme low over here I'll set it 180r below it. You've learned how to calculate it I won't go through it again. So if I were to estimate where my stop loss will be, probably going to guess it's going to be somewhere here. Okay, I'm not going to do the ATR calculation right if you want.

You can refer to the previous example which I just did. and as for Target right I would say this highs over here where it would be a relevant level to consider taking profits because this is where sellers could come in. This area Over here is where sellers could come in and push the price down lower. Now one thing to add is that if you look at this chart we all can agree that this is in an uptrend and if we were to you know, kind of like take profits over here right? We might be leaving profits on the table because the market could go up higher, break out higher before it reverse down on a pullback.

So now the question is, how can we know where is this high that the market could reach to so we can kind of like maximize our profits right? How do we kind of like Define how much more the market will exit these highs right before it, reverse or make the pullback? So in other words, right, how can we objectively identify this High over here? So what you can do right is to use what I call a Fibonacci extension right? So the way to go about it is uh uh, to share with you first is that number one. You can look to take profit before this size. Maybe if you have, let's say you bought 100 shares of Chk, you can sell 50 shares right at this high. So I booked some profits if the price reaches that high.

So let's see what happens. Okay so in this case, you can see that the market that, uh, pull back a little bit. still pulling back now seems to be going higher higher. Pulling back a little bit over here and eventually you know reach our first Target over here.

So at this point we have sold 50 shares of Uh gist of PK Energy. So what about the remaining 50 shares? So again, the remaining 50 shares right? We could sell it right? Uh, as the price somewhere about here. Right at this point Where because if you look back at this price section of this chart right, the market tends to break out of the highest before it makes a pullback. For example, this is the highs.

The market breaks out of the highs over here. then it pulls back. This is a new extreme High Market breaks out that makes a pullback. So the thing is that how can we kind of like predict right how much further the market can move in our favor to kind of maximize our profits? So this is where the Fibonacci extension Right comes into play.

So you go, look for your Fibonacci extension over here. Select this one Trend based flip extension and you draw it right. For this particular example, it's from this low to this high and back down again. Okay, so if you look at the chart right, you can see that we have a few levels popping up.

We have the 127 extension over here. We have the 162 extension and the 2.0 So again, to be conservative, right, you can look to take your remaining shares of uh, this stock right? chk at this 127 extension. So you can set your second target right at around this level over here. So let's see what happens.

uh next. So in this case the market eventually pull back a little bit and eventually reaches our second target over here. So this way you have 50 shares of this particular stock right which is a PK energy exiting at this swing High and the remaining 50 shares at this 127 extension. So this is how you can kind of like you know, get the most bang for your buck.

Right where you have certain number of shares you know to take at a second target profit. Uh, objective. Okay, pay attention. So if you recall right earlier I Said that? What about range markets right? Support stronger or resistance stronger.

So I Want to tackle that in this section over here. So if you look at this chart over here, this is the chart of Canadian against the Japanese Yen the four hour time frame. You can see that this Market is pretty much in a Range Okay, so the question is man, Rayna is support stronger or resistant stronger in this example. So the thing to find out is you know.

Here's the tip for you is that you want to refer to the higher time frame and see what the market is doing right. So if you know that the higher time frame is in an uptrend and in this case in this range Market Condition I Want to be as much as possible buying and support and if the higher time frame is in a downtrend, then as much as possible I Want to be selling at resistance. So this is how we gain an additional Insight right to see what the higher time frame is doing to then determine right whether in this range Market condition should we be looking to buy at support or sell at resistance? So as you can see this is the four hour time frame. let's go up to the Daily time frame and see what this Market is doing.

so on The Daily timeframe. You can see that this Market is actually in an uptrend. So if you know the market is in and out trending, guess what you want to look for buying opportunities, opportunities at support. So this is where you can again go back to your four hour time frame right and you have identified that this over here is a range.

Okay, it's a range over here. You can then look for buying opportunities at this area of support. So again, you can use you know your entry trigger your Candlestick patterns that you are familiar with. So let's see what happens next.

So in this case the market comes down to support into support seems to break below support. but as you know right when the price breaks below support, sometimes you could just quickly, you know, just reverse up higher So let's see. So in this case it starts to stall closed lower for the day, slightly lower then over here with a strong bullish reversal pattern. This is what we call a bullish engulfing pattern Again, right? This pretty much means that the buyers right they are temporarily in control as they have managed to, you know, push the recent down move over here right as the sellers are trying to push the prices lower in one candle, right? The buyer stepped in right, reverse all the losses and close near the highs of this four hour candle.

So again, this right could be a value entry trigger to go long. All right. So let's say you enter on the next candle open. Okay, let's say I will draw over here.

This is the opening price. Let me know. Entry I'll just change this to to Green to Signal your entry I'll remove this box So you really as you already know it's an area of support for stop loss again usually a distance below this low. Let's say somewhere here over here.

So as you know, I can use the ATR indicator to help you determine your stop loss. but I'm not going to calculate it since I Think you should be familiar by now. now. What about Target right? So if you look at this chart, this is a range market right? There are numerous areas on the chart right where you can look to take profit.

I think this is one over here, this swing high and possibly another one over here. Okay so let's walk through and see what happens next for this. Market So as you can see the market starts to hit higher. Okay, I'll just play this a little bit faster.

So let's say for example, our first Target Let's say we put it over here. this is our first. Target I'll just change this to Blue. Let's say this is our first Target Okay, let's see what happens.

You can see that the market now starts to reverse back to our entry point. So at this point, right many Traders they they would, uh, get panicked. Ah, right now Market is reversing. Let me exit the trade now before I Know this straight turns into a loser.

But you have to understand that the market doesn't usually go up in one straight line. If you look at this chart right, The market goes up, makes a pullback, goes up, makes a pullback, goes up, makes a pullback goes up, so it's so it's Uh, it is not surprising to see that you know before the market let's say reaches your target over here it's going to go up, makes a pullback goes up, makes a pullback goes up, breaks a pullback, then goes up. Reach your target. So again, you don't expect the market to I Mean sometimes it could.

you know immediately reach your Target And of course right, that's easy trade, easy to hold great, but there are many other times where the market goes up, pulls back goes up, makes a pullback and you know tolls with your feelings so you have to be prepared for that. So in this case this is one example of how the market you know seemingly you know seems to be moving in your favor and then suddenly makes a pullback back to your entry point and now you get freak out. So a lot of Traders will just exit this trade for break even and whew relief, right? Oh, I Didn't This trade didn't turn into a loss, but if you look at that right, you know that isn't really respecting the market price structure because you know you know that market doesn't really go in one straight line, goes up, makes a pullback, etc. So let's say you are a mature Trader You didn't You know? Just quickly exit your trade right? So let's see what happens next.

So you can see the market then starts too retest these highs. Okay, so at this point okay I would say it is not wrong if you look to exit a portion of your trade at this. High Why is that? Because you now know that when the market hits down lower and then it retests back this highs right, this could be an area of resistance where sellers could come in and push the price lower. so this is a swing high.

So if you let's say you long one lot of Canadian Yen you can sell 0.5 Lord right at this High over here I Think that's a decent move to take. Okay and then you can have the remaining 0.5 float. Maybe have it at this level over here. Or if you want to be more aggressive, you can even shift it to this highs over here.

Okay, so let's say we just leave it at this level over here and see what happens next. Okay, so in this case the market. we have exited half our position at this high. So let's see what happens.

So once you exit half a position right, you're going to be psychologically easier on you. Because let's say if the market does reverse back lower right and hit your stop loss right, it's not going to be a loss for you because you already book some profits at this highs over here. and if the market hit your stop loss on the second half of your position, you probably end up break even on this trade. So psychologically it's going to be easier to hold right once you exit a portion of your position.

So in this case, the market as you can see again, it collapse down lower back, near to your entry point. but again, you wouldn't be too shaken out. In fact, you feel a bit relieved right? because you've already exit a partial profits right at this, uh, recent highs over here. Okay, so let's see what happens next.

So you can see that the market starts to. you know, flirt with your emotions goes in your favor now. Then it starts to collapse back lower now below your entry point price, right? So at this point you know you're prepared to get stopped out. If you do, you probably end up with the overall break-even trade.

So let's see what happens. So in this case the market then respect this area of support starts to show signs of reversal, back up again and play this a little bit faster. Eventually reaches your target over here. So at this point you can see right.

The trading is simple but not easy because at this price point, right, many Traders will think, oh man, this Market is consolidating. What if it breaks down lower right? that could happen. So again, this is up to you to kind of like to, uh, actively manage your trade right? If you if you. think that man, if the price reaches back Above This highs I want to exit? you know, the remaining half of my position I Won't say it's wrong because you're kind of like respecting the current price structure and then managing your trades accordingly.

But again, if you are the type of Trader that you know it's very disciplined I already. you know. book uh uh, some profits on the first half of the position I Want to write the second half to my second target over here again? Uh, that is fine as well. So you've got a journal on your trade so I have to find out you know what works best for you.

So hopefully in this example I know it's a little bit detailed I Want to walk you through actually in this example to show you the different type of active trade management strategies that you can take to trade the markets because trading it is simple but not easy. Yeah, right. So now pay attention because what I'm about to share with you is advanced stuff that I believe 99 of Traders right? Don't even you know know about it right? So we're gonna deal with a multiple time frame now so if you don't really understand what I've covered so far, then you know. Review back this section because we are going to use what we've learned so far and pick things a step further.

How do you actually fine tune your entry right to raise a dollar to make you know three, four, or even five dollars or more? So thereby, you can see improving the risk to reward on your trade. So first thing first again, we are going to go down to the weekly time frame. In this case, right? We're going to use multiple time frames to help us time our entry. but again, we are using the same principles that you've learned earlier.

This Market is in a downtrend, right? So in the downtrend, you know that you want to identify your area of resistance. So the recent area of resistance that I'm seeing is possibly this one over here. Okay, why this one? Because if you look at this right, this is where previous support support price break below support which could not become resistance. Okay, so let's see what happens next.

so this is the area of resistance that I've highlighted. So what I want to do is to let the market come in towards this area of resistance. Okay, so now it's inside over here then I want to go down to a lower time frame to help me fine tune my entry. So instead of you know what most Traders will do is that they let the price comes into resistance.

Then maybe give them a shooting star pattern over here. Right Then they go short stop loss Above This Highs. Uh, Target maybe at this low so you can see that if you were to do that at best, you get this one to one risk reward ratio. But how can you use this same analysis right? And instead of getting a one-to-one risk reward ratio, you get maybe a one to three a one to five risk reward ratio.

Here's out. Here's the magic. Okay, so what you want to do is to go down to a lower time frame like the eight hour time frame. Okay, so now at the eight hour time frame, this is what you're seeing and on the eight hour time frame, you can see that this Market is approaching this area of resistance over here.

Okay, so what you're looking for is for possibly, uh, getting a bearish price rejected to help you time your entry. So let's see what happens next. So in this case, Market uh, hits down lower. Okay, so what we're looking for is to see if the market can hit up higher and then get rejected close back below this area of resistance because when that happens, right, we can then use this as an entry trigger to go long right and taking cues right from the weekly time frame.

Bearish, you know? Direction Okay, so let's see what happens. So in this case, you can see that the market. Yep, there, We have it right. Notice this candle over here.

It's small, but still, it's a bearish price. rejection. The price tried to break out higher of this highs. This candle try to break out higher only to close near the lows of this eight hour time frame.

So this is a entry trigger to go shot. So what you can do is again, let's say you go shot on next candle. Open right. Let's say the next candle opens over here.

You go short. Let's just change this to green color to Signal as our entry. I'll remove this box resistance because you didn't know what it is. Then let's say our stop loss right.

It's a distance above this size. Let's say 180 are above it. So let's say change this to Red This is our stop loss. Okay, and what about Target So here's the thing.

Right, as you've seen, right? Sometimes trade management is not the easiest thing as in our previous example. the market can moves in your favor. Go against you, moves in your favor. Go against you right? And if if it does hit your stop loss, you go.

Ah, You know you get crazy, right? You want to kill yourself and jump down the building. But please don't do that right? So you can see that Trade management right is critical, right? And the market sometimes doesn't just move in one straight line and reach your target profit. It can mess with your emotions, make it go crazy, Make it go. Ah right.

So what you want to do is that I suggest this for new Traders is to have a two parts with regards to your take profit. you can have a TP level one and a TP level two. TP stands for take profit. So to make your life ultimate, your emotions easier to manage, you can have a first Target over here right just before this recent swing low as your first.

Target Okay so I'm just going to change this to Blue that's your first Target So let's say for example, in this case it's New Zealand dollar. Okay let's say your short one lot of New Zealand dollar. You can set this first Target right? Tp1 right? And you know exit 0.5 Lord at Tp1 over here at this blue level. Okay, let's see what happens next.

So in this case Market is kind to us. Pretty much reached our first Target relatively quickly. So at this price point if the market let's say it were to reverse and hit our stop loss. This trade will probably be just a break even trade because the first half of your position has really no book a profit.

So now at this price at this point right? let me just bring you back to the weekly time frame and see where you are. So if you look at a weekly time frame right, this is the green level is where you actually shorted the market. So you're actually short right at the upper week of the weekly candle. And that's really the secret right to entering at the wick of a candle, right? You've got to use multiple time frame to help you better time your entry and I'm pretty sure that 99 of Traders right? Do not know that this particular technique exists.

So if you think this is awesome, smash the Thumbs Up Button If not, hit subscribe. Yeah, so carrying on right, you can see that this on a weekly timeframe. The market is in a downtrend, a series of lower highs, lower highs, lower lows, lower lows, lower lows, and the market tends to know break below the swing low. So again, over here it's low Market break below the swing low this low Market break below the swing low.

So if you ask me the market, that's a good chance. it could break below this swing low right. And could you know give us a favorable risk to reward on the trade? So how can we maximize our profits right in this instance? So again, uh, one way to go about is that you can use the Fibonacci extension technique I shared with you earlier, you can you know use the 127 extension and project where the 127 extension might be over here and then use that as your second target profit. Alternatively right, you can also you know Trail your stop loss and to write the trend down lower and you know see how much further the market can go.

And this is something that I want to talk about since I've not, you know discussed it yet. So on the eight hour time frame what you can do is again. Okay so you need to have a second target right where you expect the market to move. So once you reaches your second target right and then you can you know throwing a trailing stop loss to write the move down lower.

So let's say for example, we see that this is a extreme low over here and we expect the market to retest this lows over here right? So let's say we want to see if the market will retest this lows first or hit our stop loss. So let's see what happens. Okay so let's go. So in this case, the market pretty much reached the lows over here.

But remember if we want to Trail our stop loss right? we cannot exit the trade at this lows over here because if you were to exit then there's no more Trend to write. So what you can do is at this point is again you can add in a moving average like you know a 50 period moving average a 20 period moving average depending on the the type of trend you want to write. So let's say we go with a 50 period moving average right? Which is this blue line over here so you can see that what happens is that for this trailing stop loss Or you tell yourself if the market goes up higher and closes above the 50 period moving average only then will you exit the trade. If not, you will continue holding this trade right and see how much further the trend can move in your favor.

So let's see what happens next. So in this case you can see that the market have a slight brief rally and a 50 period moving average is coming down lower as well. So over here you can see the market right broke down below this. Lows nice.

but again you're not exiting your trade yet because you're trailing using the 50 period moving average over here. So you only exit the trade if the price breaks and close above the 50 period moving average. So in this case you can see that uh over here still heading down lower nice and then almost at the 50 period moving average but has not closed above it yet so we are still holding this short position. You can see that's quite a long uh, a weight.

And finally the market has break and close above the 50 period moving average. So at this point you'll exit the second half of your position on New Zealand dollar. So you can see that for this particular trade right, you exit first half and there's a blue line over here your first Target and your second one. You exited at this portion over here.

So you look at if you assess it right from a wrist to reward standpoint, you're possibly risking a dollar to make you know, uh, three dollars or more? Yeah, Okay, one last example before I Go All right. Boom Shakalaka. Boom Shakalaka. Boom right? So I'm really feeling it right as I produce this uh, this content here today because you know it feels like you know, man, this just feels really good.

It feels really awesome because this is the best of the best that I can I can give out right? So so anyway, moving on right? so let's have a look at this chart. This chart is the four hour time frame Canadian And it seems like the market is in a range and as you know right, if the market is enraged, do you buy it, support or seller resistance? The clue is the higher time frame. So if you look at a higher time frame, the daily time frame Swiss franc against the Japanese yen is in a uptrend. So as much as possible I want to be buying and support.

So on a four hour time frame. Okay, this might seem like a range Market but you know that support is likely to be more powerful, so let me buy or rather look for trading opportunities and support. So I'll draw this area of Support over here. Okay, so let's see what happens next.

Market Come into this area of support and then we have a strong bullish reversal pattern, right? So this isn't a hammer, but if you look at the price action, you can see that the story is very similar to Hammer, right? This candle is a down candle closing near the lows. This candle is a down candle like closing, not near the lows, but in the middle of the highs and lows of the candles range. And then this next candle, buyers step in and push the price higher, closing near the highs of this time period which is the four hour time frame. So again, this to me is a valid entry trigger because this is what I call a false break where the price tried to break below this lows break below this lows break below this low.

So right. You can see over here only to reverse up higher right, telling me that you know there isn't any more selling pressure. That's why the price have difficulty breaking down lower. So what I'll do is that I will look to enter our next candle open.

Okay, so somewhere over here I'll change this to green color as my entry. and by the way, this is actually a live trade that I took on my own trading account. So I'm walking through you through the same uh process right that I had when I took this trade. I'll remove this support area first to make it less cluttered, right? My stop loss was somewhere about here 180r below this low.

So somewhere about here is my stop loss. I'll just change this to Red Okay, and that's for Target right at the point in time, right? my target was actually at this recent swing High over here this most extreme High Okay, so that's my first Target So I had uh two Target in mind. Reason being is if you look at the daily time frame, you know that this Market is pretty much uh, in an uptrend. Okay, is it in an uptrend? So I want to have my first Target over here and my second target is that if the market breaks Above This highs and continue higher I want to Trail my stop loss right? and to write the uptrend up higher.

So that's the way I was planning this particular trade. So let's see what happens next on the forward time frame. what's my entry and you can see that the market uh, reverse against me I think Scandal and then immediately right or relatively quickly hit my stop loss and then close back up higher. So this is actually a losing trade for me.

and as you can see what happened next at the market it did, eventually, you know, continue higher. but I was already stopped out of the trade. So the reason why I'm sharing this with you is that whatever I'm sharing with you here today is not the Holy Grail It's not foolproof. You will have losses along the way.

Plenty of losses in fact. So my hope is that You can take the strategies or concepts that I've shared with you and do your own validation to your own testing to make it to mold it to fit your own trading right. Regardless of what markets you're trading, what time frames you're trading. do you know? Use these Concepts right and to develop it and tweak it for your own.

Okay, so that's kind of My Hope over here. And also to let you be aware that you know there's no 100 winning rate, There will be winners. There will be losers along the way. And before I go.

If you want to learn more about trading, Support Resistance Price Action Trading can get a copy of this book called Price Action Trading Secrets right? Uh, we dived it into Candlestick Patterns Support Resistance Trading Breakouts Pullback Etc I'll put the link somewhere below this video so you can get a copy of it and with that said, I Wish you good luck. Good trading, Stay safe. Talk to you.