So my definition of technical analysis is this right. Technical analysis is using past data like chart patterns, candlestick patterns, volume, indicators, etc. To help you make a trading decision and before we dive deeper into technical analysis, which is what this training is all about. I want you to be aware of two mistakes right that many traders make many losing traders make this mistake, number one.

They add too many indicators tools right to their charts because it makes them look like a professional trader. But here's the thing: if you have a chance to look at the screens, the monitor of you know pro traders. You will realize that their charts are actually quite empty. They have tools on it right, but it's not a lot.

It's usually relatively little compared to new traders who just got started in trading in the end moving average rsi, maybe you know make the charts looks also complicated thinking. You know it makes them look like you know, a real trader, but that's usually no further away from the truth. Okay, so the reason why you want to add too much tools to your child is because you will get analysis paralysis. You will get conflicting information and you will feel overwhelmed all right.

It's like you know having too many chefs to make one soup. You have too many chef, each one add their own flavor, their own spice, their own tweak to the soup. The soup is going to taste like crap and it's the same for your trading. If you add too much stuff to your charts right, you will hurt your own trading results.

Mistake number two! You don't have a framework to work with. So i know this sounds a bit vague, so let me explain so let me ask you: let's say you know you want to build a house. How would you go about doing it? Will you just you know, go out there to like, you, know a store and let me buy a toilet bowl because i need i need a toilet bowl for my house. Oh here's, a sofa, let me buy a sofa.

Oh, i need a bait. Let me buy a bait and you go back home. You put your bait down here. You put your sofa, you plant a toilet somewhere beside your bed, and you know just like this.

I hope not right, because that, if that's what you're doing you will live right in a pretty done ugly house, so what most people will do is they have a blueprint? They have someone to design right the framework, the layout of their house. Maybe if it's a three-story house, the first story could be building a kitchen on the first floor, then maybe you have a living room and a guest room on the first floor. So this is where you kind of play and entertain yourself and cook just for the first floor of the house. Second floor could be where you're resting, so you have more bedrooms, maybe five to six bedrooms.

On the second floor, you have more beds. You have toilets right, so you don't have to wake up middle of the night and walk 50 meters to your toilet and stuff like that, and maybe the third floor is your home office or your man cave or whatsoever. You have all the latest technology entertainment on the third floor, and this is how you would go about you know. Building your house.

You have a framework something to refer to right to help you, you know, make your purchase decision. So you know where you know things will be, and this is the same for trading. You must have a framework okay, so so this right will be core right to today's entire training, because the framework that matters right is this. There are only four parts to it.

Very simple, but i'm going to dive deep into each and every single part number one market structure. This right is in essence, right trying to find out what is the current market condition. So you know what to do. For example, if you know the market condition is in an uptrend, then you look for buying opportunities.

If the market condition is in the downtrend, then you look for selling opportunities, so don't worry i'll dive deep into this aspect later on. Second part, is area of value. So, just because a market is trending doesn't mean you want to blindly hit the buy button because the market could be overbought right and about to make a reversal or a pullback. So this is where you want to identify areas of value right where you can find a low risk entry to enter a trade in essence right you're, trying to find out where on the chart right, should you buy or sell the third thing entry trigger this answers? The question: when exactly do you buy yourself when exactly what is the thing right that would trigger you to get into a trade and finally, once you're once you're in a trade right, you must also plan your exits.

What if the market moves in your favor? Where will you take profits? What if the market moves against you? Where will you cut your loss? So in essence, this is the framework right that we will be learning more later and for now, let's do a quick recap. Number one technical analysis is simply using past data to help you make a trading decision. You must have a framework to work with. If not you'll be lost right, like you know blindly, you know building your home right.

If you don't have a framework, you don't have a blueprint, you will get lost, you will get confused and you will, you know, have a horrible looking house right. So if you don't want that start with a framework and the framework that i've shared with you is using market structure, identifying your area of value, defining your entry trigger and then planning your exits now in the next section, you will learn how to use technical analysis To define the current market condition, so you know whether to be buying selling or staying out of the markets. So, let's move on you.