Mastering the Best Candlestick Pattern

Mastering the Best Candlestick Pattern

Okay so in this video what we’re going
to be discussing is my favorite candlestick pattern and most importantly
is when you’re working with the candlestick strategy when does it work
and when does it not work? Because the idea is every candlestick pattern should
work instantly and that’s not the case. So watch the webinar and at the end of
the webinar I’ll even share a trade with you that I’ve taken based on today’s
knowledge and I’m sharing with you guys and show you live how a trade is done
let’s get started. Hello, can everyone hear me? No no I’m
just joking, I know you guys need a chat box hold on one second.
Okay here we go, Good morning everybody, good evening, good afternoon. How’s it going? We’ve got three hundred and forty eight people in the room right now and
Counting it’s great to have you guys here, it’s always fantastic to have you
guys here! “I like chocolate” oh yes! So it’s good to see you a lot of you guys
on Facebook live as well so it’s good to catch up with you guys for every webinar
that I do I always have a an hour earlier before the webinar I open up
Facebook live so we can chat have a good time have a drink together, have some
cake together. I’m always eating cake prior to my webinars so yeah. So how’s
everyone doing? Where’s everyone from? Okay India Mexico London Serbia Germany
Pennsylvania Africa South Africa Florida Sweden Hungary calling Sweden come on
Australia Canada Bosnia Egypt Berlin Australia Guangzhou Hong Kong Ozzy in
Thailand awesome Maldives, welcome Fayaz, Philippines Bolivia mucho gusto
l lived in Bolivia for some times, I forgot all my Spanish I’m so
sorry. Lived in Santa Cruz Bolivia so fantastic place nice people, nice people.
Chennai UK just New Zealand Alberta Canada fantastic fantastic. So it’s great
to have you guys all here. I’m going to be starting the webinar and shortly. So
today’s topic for those of you guys who do not know me my name is Navin Prithyani, I am your host today I am your mentor at urban and a senior
trader at Before we begin I like to know one thing I like to
know one thing and that is:
how many guys are new here first-timers? Excellent excellent,
116 people, 120 people have been here before. You know 120
how great is that how many webinars do you see around the
world where people come back more people come back regularly than they do with
new customers? This is something I’m very proud of I love you guys for it because
we don’t waste each other’s time right we go straight into the stuff I respect
your time because you show up here. You respect my time and we go straight into
the topic right? So I love it I love it I love you guys for coming all the time.
okay excellent excellent so all those new
people in here welcome welcome all those returning people and students
welcome back welcome back. So let’s get this ball started let’s get this party
started let’s go. okay, let me know if you guys can see my screen. All right so
let’s do this let’s do this okay just updating Facebook live here we go. Let’s
start okay so today’s main topic candlesticks candlesticks there is a
common misconception when it comes to candlesticks. And what is that? What is
the misconception when it comes to candlestick? Hum what do you guys know
about candlesticks what do you know? Yes everything is recorded for those of you
guys were asking about this. Can everyone hear me is the audio okay? Ben “that they’ve the holy grail”. yeah I see a lot of your comments are coming from the
course okay excellent I said okay and before we
begin just really quickly guys if you guys can see my screen on the top right
right here where my mouse is. That’s your connection speed to me. If that is a
orange or something that means you have slow connection to me. As long as that thing
is green that means you’re okay okay yeah if it’s green bar you’re gonna be
okay boom boom boom. okay, let’s get started
here, all right so um if I get disconnected just hang in
there I’ll be right back I have two connections just in case. okay so
candlestick candlestick now there’s a big misconception when it comes to
candlesticks right everyone’s looking at candlesticks is like you know if I just
study all the patterns I can trade all day long and I can predict the future.
Right? And and so so the journey begins with you know let me buy a book on
candlesticks and let me study everything about a candlestick and what they’re
supposed to do correct? okay, now here’s the thing I want to ask
you okay now this is an extract from the core basics course. How many of you guys
actually have the core basics course? That came with the MPA how many guys have
picked that up? Yeah excellent I said so this what I’m about to teach you guys
isn’t extract from that basic that’s an extract from the course and we’re going
to be talking about all the details around candlesticks and I think this is
very useful and it’s something that everyone deserves to know so let’s
discuss it. Let me go into the white board real quick okay so here we go. When
we see a candlestick okay we’ve got something like this we call a doji okay?
We see something like this and if it’s colored in and then we see something
like that hammer, inverted hammer and more
exhaustion candle, you know we got several names for everything, you know we
see something like this okay “oh yeah it’s engulfing” you know “the previous
candle is engulfing the next candle”. So there’s so much stuff there right so
much stuff there. Now today what I need you to understand is this thing.
And I write it down for you guys. I want you guys to remember this to the bone
forget terminology focus on why. okay let’s face it for you to make money
right, in trading if it’s regarding candlesticks, do you need to go stand up
at a podium and show how much knowledge you have? Does your account balance say:
“You know what the more words you know the more I’m going to pay you”. No, your
only job in trading is to always understand what must I do and why does
it work like that. It is never terminology learning systems
learning strategies it’s the why. Why does something work? Make sense? So let’s
take a look at this. Let’s say the markets are going up and then down and up and
then down and then up and then in this area right in there,
you see your doji or a gravestone or a bat pattern what does that mean? Okay,
notice how many different answers that are coming up. But everyone knows what
the word is but no one knows what that means.
Okay this is something whoever’s not typing I want you guys to learn and then
focus on this because this is a very big problem you know when it comes to
candlestick trading. Okay now what is that same thing occurred up here. okay so
notice how things have changed now so now it’s like wait what ever happened to
the candlestick design itself? Its conditional now isn’t it? Okay so keep
that thing in mind and we’ll go deeper into this. I just wanted to tell you guys
that it is all conditional always because the market does not play by the
books. it is not a A+ B + C technique. Okay? So let’s take a look at
it. Now markets are going up and up and up and then in here, okay, this is a
tricky one, this is a tricky one, in there on the last move up that went up so hard
Wisdom “Sorry I’m late” oh that’s unacceptable
you know 400 people in here are very upset with you right now. No I’m just
joking, I’m just joking. Welcome, welcome and it’s recorded in case you missed
something don’t worry. Let’s say you get your exhaustion candle right or your pin
bar or your haram your inverted hammer and hammer and all the stuff just like
this in red that big. Okay? Okay it’s all the other candles are like okay
there’s that size, and that candlestick design shows up there. What
does that mean? Okay also “sorry I’m late” Oh I feel like an Indian teacher you
know like “oh if you’re late you stand outside the class” No it’s okay it’s okay
if you’re late it’s fine. Okay so you see, you see that so now it’s telling us that
there is some, okay, Ok candlestick pattern also location is one thing. okay
so remember this stuff. You guys want to take notes, take notes.
Otherwise it’s recorded you can always rewatch it. Location is important
the next thing apart from location, strength. What is the strength following
before the candlestick pattern showed up? they’re very strong they’re very very
strong so you have to keep this thing in mind right? So let’s take a look at this
now in terms of logic now we’re gonna take a look at this in terms of log it…..t we’re gonna take a look at this in terms of logic and
we’re gonna we’re going to take a look at this in terms of “what does it mean?”.
Okay so the market are going up, okay, the markets are going up. They come down very
very deep and then they go up again and then they stop. Okay if I went to a
higher time frame and I had to draw this in one candle, this is how it’s going to
look like right, the opening price is here which is this price. The closing
price is this one which is right there the highest point of the market was here
which is like that, and you have a candle looking like this. What we are just doing
is we’re now looking at the universe below based on one candle you know why?
Because this is why a candle stick was made to begin with. The rice trader back
in the day who made the candlestick did not have a scalping strategy who was
looking at the one-minute chart. He came in the next day he looked at one candle
and he understood what happened that day and he’s like “gotcha I got it I know
what happened”. It is a knowledge piece it is information. Make sense? Yeah it has to
be green this whole thing but you guys get the idea. yeah it’ll be green.
You guys are turning me to Picasso or something. But okay
so yeah so now you guys understand now let’s take this even further let’s take
this even further the markets are moving upwards and upwards and upwards and
upwards and then close right there. They close right there. Rogue trader,
there is no lower shadow this was the opening price,
there’s no lower shadow. Clayton you’re late – oh my god okay you can get behind
Wisdom outside the classroom. Okay so if you take a look at this chart right here,
if you take a look at this chart right here, and when we see this markets moving
up and up and up and up okay and then the strong move down, okay if we have to
draw just this piece, just this piece on the charts. So we got a movement here is
the opening and here is the closing okay. So opening prices right here
closing prices down here. This is completely red and then there’s this
wick on top till there. Okay everyone gets that piece so far? Now prior to that
you can see the movement has been slowing down, okay now why is this
important to do it like this? Why are we trying to look at the universe below and
above and try to put it into one candle? Why is this critical? Well take a guess,
why do you think is it important to do this? Daniela very good, to see what the
big boy can also see. Okay now take a look at this if that same pattern
occurred like this after all of this okay but, on the lower time for him all
we see is like that. That’s what we see, but we have to see
that, “ah this is now clearly visible to the big boys as well because it left a
big wick on top”. This is what we call a faker on a lower timeframe. Don’t we? It’s
like “ah that that was a false breakout on the higher time frame” or “sorry a false breakout from a range possibly”, we have so many words for it. Yeah you know
false breakout, a probe a spike, we call it so many words. But all it is or a
railroad track right a candle that goes up followed by a candle that goes down
this is another terminology railroad track, but the language of that is on a
higher time frame that’s an exhaustion or pin bar or a rejection. Okay this is
important to know, this is important, to know. QQQ:” I’ve been lately”. Is this like a
new fashion man no no it’s okay it’s okay yeah you just been late a little
bit everything’s recorded not to worry that’s were I just want to acknowledge
that you’re here, don’t worry it’s okay. Okay so let’s, so everything clear so far?
Does everything make sense so far? Daniela “Can we think of the faker is
similar to v-formation?” In some way yes yes you can do but we’ll get into that
later because that’s you know if we’re talking about v-formation
now that’s different thing okay okay so so far so good?
everything making sense? Now so the best pattern that I like are these two only okay these two are my favorite ones,
however they need to be in the right spot, after the right strength. okay so so
let’s take a look at this, let’s say on your higher time frame, okay on your
higher time frame, take a pick a time frame any of you guys. Say
one time frame that come to your mind whatever time frame.
Okay four hours that’s the first one I saw, okay your four hour is coming down
dramatically like this it’s a downtrend right? okay what’s the
timeframe below the four hours? You know in multiples of three and four. We’ve
got the one hour right? It takes 4 one hour candles to make one 4hour
candle correct? So the markets are dropping down down down down down and
then you come into the one-hour time frame and you’re looking at this as “I
know my big boy is seeing this, he’s seeing down”. okay your 1 hour, the same thing
looks like this. Correct something like that right? You see a little bit more
detail of it like more microscopic correct? In this detail you start to see
a pullback happen. Now pull back is starting to happen but on the higher
time frame, do you think he cares? No so you have to also understand : Is a
pullback significant enough that it makes a difference? Okay you have to
understand that because why is a pullback important? If I draw a trendline
for you guys, which direction is this market? It’s clearly down, if it’s clearly
down sorry and my job saying the 4-hour is saying a sell, if my job is
to sell but everyone on the planet is looking at a sell, can I make any money?
So what do I need? what do I need? I need buyers so I need some kind of
information that this boom okay everyone on the 60 minute just became a buyer
because why? People chase. People chase the market
Khaifx “welcome” okay so everyone everyone chases the market very very late yeah?
yes you chase you die, right it’s a common thing in the industry, everyone
says that, you chase you die. Okay so once you see the markets moving upwards what
does this look like now on a higher time frame? A little tail okay he’s starting
to notice it a little bit the 4 hours guy. Good good
it’s still a sell for him he didn’t become a buyer overnight. Only the
60-minute people became a buyer, right does that make sense? So far everyone
with me? Okay so the 60 minute guy his eyes are like my job baby is to sell but
the 60 minute guy is like oh my god did you just see that? We need to buy all the
euros on the planet because everything is going up for a Buy and I don’t want
to miss out on my Ferrari, so buy everything. Okay sell the house,
sell the dog just buy Europe. Right so everyone mind goes into the buying
buying buying right? So in this in this process of when everyone is
buying okay, let’s take a look at this now. Okay just here okay
just here, you see a candlestick on top. That looks like this. What does that mean? okay so I’m gonna I’m going to introduce
to you guys, a I’m going to introduce you guys problem number 2. I’m going to
introduce you guys problem number 2. Now what is the second main problem that
people look at? Problem number 2 is what is our job as much more
intelligent retail traders? What is our job in this in this situation? What are
we supposed to do? yes make money but what are we were supposed.. to sell right?
If our job is to sell what happened in this situation is that our mind only gets
fixated on the sell and we look at any signs, like a candlestick pattern that
will judge us to get into the sell quickly without noticing what the hell
was that? Why did it go up so quickly? Why is there so much power so now let me ask
you the same question. Does your candlestick matter outside of the
context? No without context the candlestick is useless. It is basically
you might as well watch TV instead and at least have a laugh. Not if you’ve done
the MPA right? okay so you have the situation now the markets are going up,
markets are going up right, we’ve talked about you know in some of the
previous webinars that as the market starts to show some signs of slowing
down and down and in this process, what about now? Now there’s two signs that are
showing here, it’s showing us a sign that the crazy buyers who bought all this…
Okay who what when okay Everyone focus here now, everyone up
until here you all said it’s a sell right because that’s how the market sees
it it’s a sell. Clearly it’s a sell. As the sell happens here they still think it’s
a sell in fact that’s when the sell begins. In that process of the sell
the first move up that happens what does that do?
Whoever was selling what happens to them? They’re stopped down. They’re not just
stopped out they’re in panic this is what I tell all my elite students.
They’re in panic right, they’re in panic. They’re like “oh my god oh my god what
just happened?!” Panic means okay I’m gonna give an
example : If I put you in on the street suddenly, and then I blindfold you and
then I remove your blindfold and you see a car coming at full speed towards you
will you have the guts to take action immediately or are you gonna freeze out
of panic? This is what happens initially when people panic is there action? There
is no action remember that there is no action in the panic mode. But after the
panic when you see the markets are going and making higher highs what do you do
now? Now you buy, now you take action. Right so if you, if you can now see
and predict the human behavior of their actually entering buys up to this area. No one bought over here Good we have stage number 1, we got
everyone wrong-footed, we got everyone in the wrong direction and the 4 hour guy
is like “I still want to sell”. Right he’s like “I don’t care, this is nothing to
me”, but on the 60 minutes the guys are all like “oh my god what is happening the
world is coming to an end, I thought it was a sell”. Correct? So in
this whole process when you see this and you’re like okay well I just saw my
candlestick pattern there is some relevance to it now the market is
slowing down I know everyone’s a buyer but I know that big boy is a seller. Now
you have conflict of interest, this timeframe says buy, higher
timeframe says sell. okay yeah good I can see a lot of students
are paying attention in the course. This is what we call the money spot, the conflict
of interest. It’s what’s important to us it’s the money spot. It’s where all
the action is going to take place, okay. So in this process when you see this two
things happen. What does this look like on a lower timeframe? okay if this was
red. It means the market went, started from here, they went up they crashed down
and lower than before. That’s how it looks there’s the opening price, there is the
closing price. Which means what? They did not respect this support, that is your
first sign of there’s a problem. That’s what that candlestick actually means
that support and resistance just got violated right because this is your
support resistance record that support is supposed to hold the market. “I killed
30” yeah so when when you see this when you see this you’re like “okay I see some signs
of my support getting violated”. If my support is getting violated what does
that tell me about the big boy? Why is my support getting violated? This
whole time – I’m going to change my color so you guys can see – this whole time my
support kept pushing higher and higher and higher, but now my support starts to
get violated. Now remember what I asked you guys earlier of how you guys think
about this I’m going to ask you now the same question. Is it too messy the chart
or can I keep going on the same chart? okay okay I wanna keep going I’ll keep
going I’m not gonna redraw it just just stay focused. Same thing happens here. Who
thinks of a sell at this stage? Tell me, which public thinks of a sell at this
stage? They don’t, they don’t think of a sell. okay there might even be some
similar designs in here for exhaustion candle and they got burned by getting
into early last time. Okay, then the markets will go somewhere like this
create all of its doji’s and all of that stuff you know grey stones and then when
the market collapses, what happens to the public? “oh yeah you remember that pattern
that showed up that was a sign for a sell of course”. Yeah obviously that’s
right at that time yes. But who got in? Everyone who gets in is now trying
to attempt to hit the sell, hit the sells hit the sells what’s the problem with
attending and hitting the sells here? You are now in the presence of buyers, you’re
in the presence of buyers and everyone is hitting a sell here even though the
market might further continue down it’s not going to continue down without a
nice bounce. So somebody asked me this question on Facebook live
– is a facebook lifestyle working for you guys I heard someone saying the
video froze or something like that. yeah still working? and am I still okay you can
feel it see me eating my cake okay all right- yeah okay
you know why sometimes I’m always laughing when when some of you guys come
and tell me “hey I just got in late” it’s because I’m laughing is I can imagine
someone just entering the webinar now and you’re looking at the screen you’re
like “what the hell is going? what are you guys doing? There’s no way I’m gonna
understand this stuff, I’m just gonna leave”. Alright so yeah so those of you
who came in late and don’t worry it’s recorded you guys can rewatch it it’s
very powerful that’s why it’s a it’s going to look a little bit weird if you
come in late but don’t worry the next example is gonna make more sense okay?
okay now now okay so far so everyone with me
so far? Theory is okay? Is the theory side good
with everyone? let’s go step into the practical? Okay let’s put it on a chart
now. okay let’s go put it on a chart yeah someone is someone, I just saw in a
really nice comment saying “the key is not to jump into early” very good Chris –
very good because your trading is like this gauge it’s this meter okay?
This side is early, this side is late. If you need to trade right there
like right here, that’s where you need to trade if you’re too early you’re gonna
get stopped out if you’re too late then what’s going to happen? You’re going to
need a very very white stop-loss and you’re chasing the market you might even
get spiked out, okay? It it’s like our parents taught us, everything in
moderation Navin, everything in moderation.
It’s the rings in my ears those sentences you know. So it’s the same
thing in trading everything in moderation. Okay all right now let’s take
a look at some charts let’s take a look at some charts. Now
Bela’s there is no timing webinar because timing is an advanced subject.
How many guys already have timing in your 4-course bundle? yeah okay we got
a few people in here okay. Those of you guys who have timing do you guys feel
that yes if you got this information earlier you wouldn’t have much success
with it? yeah and that’s the reason why I have to pick and choose what I do in the
webinars because anything that goes a little bit too advanced it’s going to
create the opposite reaction of people they’re going to get confused and in
fact when they go home and they try it and they go practical because that’s
what we trained you to do right it’s not just theory go practical when you go do
practical you’re going to have some losses and that’s not good. And that’s
the last thing we want you to do right? So we have to be very careful with
layering your education piece by piece in the right order the right order. okay
all right so let’s do this on the chart let’s do this on the charts. okay Asser
“please go to all the AUDUSD you will have an excellent example” okay okay oh wait
wait wait there’s an actual example right here first hold on hold on. Okay so
we’re looking at this chart , 4 hours chart right what direction is our 4 hour
chart? Our big boy. Just like we did last time what direction? Okay
so here is problem number 4. I’m going to do a Facebook live on this kind of
stuff. Problems number 4 – I feel like I’m doing a countdown of all the
problems – problem number 4: How much information are you looking at? Are you
looking at stuff from here? or are you looking at stuff from here? okay if you’re training 4 hours as your
big boy and sixty-minute as your timeframe that you want to trade, does it
matter what this whole move is doing? That’s like last month. It’s too far back
– that’s problem number four. too much data
too much data okay it’s a common problem Even the MPA students when they
start off they have this problem with territories and stuff. That’s why we are
covering this extensively in the core basics course and I made it very very
affordable for everyone to take it up so because it’s critical I think it’s
critical okay? Excuse my cake, all right let’s take a
look at this on USD CHF on the 4 hour. So we’re looking at a market
that seems to be going up pull back up pull back up it’s got all these
sequences right? All right all right let’s take a look and all these
movements that are going up and up and up. In this up movement when this
pullback starts to happen do you think in that pullback what is the 4 hour
boys thinking in that pullback? Are they afraid of it? Or are they like “who
cares, support and resistance”. Can you guys, can you guys see my screen? Is
that better? okay yeah sorry about that yeah, I thought when
you guys ment to zoom in,I though you want me guys to look at the 60 minute but okay I got it.
All right they’re looking at it as support resistance they are like “I don’t care
that the support and resistance for me” You know that’s perfectly fine, now
let’s take a look at mr. 60 minutes, let’s go down to the 60 minutes. Now
since we’re on the 60 minute here Up until this stage anyone thinking of a
sell. Nope until this stage anyone thinking of a sell. No until this stage
it moves down drastically, which means what? yeah which means stopped out for
anyone who’s buying very late because everyone buys late right? Which means
stopped out, so that’s stage 1 stop out. Which means, we don’t have any sellers
yet. I’m not buying if there’s no sellers.
okay? They’re just stoped out, they’re in panic
mode. Okay what we need is something more dramatic, okay we get the next dramatic
move Oh, get the next dramatic move, try to even make a lower low. okay? Activities
for sells begin activities for sells begin. Now in this phase of sells that
are beginning in here, we’re still monitoring one major incident of
“how many people are getting in on the sells?”
okay we might be looking at “maybe I should be buying it from here because
looks like the sellers have died the buyers have come in okay and we’re
getting ready to go long”. What happens if you’re wrong ? Right, what happens if
you’re wrong with that one? okay so your first trade just by trading it very
simply very very simply your first trade stop-loss but here’s the thing when that
stop what happens chances are you’re not The only one
many people might have had a stop loss. but what do you think people are doing
when they see this? Do you think they panic?
yeah even the buyers now who thought they were smart even they start selling.
yeah it’s the “oh my god” itself. okay with these patterns shows up now
something here, a candlestick pattern. The candlestick pattern shows up there it’s
telling you that we got a nice exhaustion but the market is so much in
a downtrend how do I even know that this is supposed to be for a buy? Let’s take a
look back at this on the four hours and see well what are they looking at it as? They still don’t really care when we’re
watching now when the market comes back up and closes for the four hours let’s
take a look. Market comes up and it closes right here. On the four hours and
the one hour it closes right there. Now can you tell me from this movement down
okay would you say this movement down is aggressive? It’s pretty aggressive right?
This is where your test comes in of how good are you at patience its aggressive
what are you going to do you’re going to stand by are you going to pull the
trigger? Stand by . You see, you see your exhaustion candle, but now you’re
confused you know your exhaustion candle or your PIN bar or your hammer and
inverter however you want to call it that thing that’s thing showed up that
you like, and now you’re like “oh my god I like that thing it’s a sign of my big
boy coming back but the strength doesn’t allow me to get in yet I am Not sure”. Waiting a little bit and seeing this
information come up, once this information come ups like that can you
now tell me on the 4:00 hour on the 4:00 hour what do you see? It’s the same
exhaustion right? Now let me let you in on a little secret, let me let you in on
a little secret. I’m going to go back down to the water it’s the same
catalytic patent correct the one that we like. I’m gonna go back
down to the one hour and I want you to monitor closely of do you see this thing
here? And do you see this thing here? Can you tell me the difference between the
move down and the move up? David, very good, the power, so the moment that it
went down we were like “I’m not really sure”, but the moment it went up faster
were like “okay now I trust the exhaustion candle”, and that’s when you
can say “it is now safe for me to try to enter this trade, the odds are in my
favour”. Doesn’t mean I can still can’t be wrong but the odds are now lining up. So
what I’m trying to tell you guys is Do you see how your candlestick does not
mean anything until things line up? Do you see inside a candlestick pattern
there is more detail that we have to also pull out? Just like we saw the same
candlestick pattern the four hours but, going to the one hour we saw something
we wouldn’t have noticed on the four hours. Small details big results big big
results but everyone’s too busy and just identifying what they see and what it’s
supposed to do and that’s incorrect you need to know why. You must know why okay
So how many guys right now as your first aha moment with me or you’ve had
previous aha moments with? yeah good good because that’s the whole purpose of
these webinars is to make sure you have a breakthrough and you learn something
that you can apply instantly and you go home smarter and by the time you come
into the next webinar you’re like “oh my god my head is blowing up with so much
research and so much information what’s next?” okay This is why our webinars are the biggest
and the badasses webinars out there. We don’t waste time and we don’t talk
garbage we do not talk garbage, which is not a book you pick up from you know you know
a cheap you know idiots for dummies or whatever it’s
called. Okay you need to learn trading for what it really is. It’s not just
patterns and simple like that. It’s not just patterns are simply like that, there – it
is more complex but it doesn’t have to be, and that’s why you know, I’m here for
you guys, you know that’s why I’m here forget there was no one there for me
when I started everyone would teach me so in such complex ways that learning
something like this would have taken me three weeks. I broke it down for you guys
in under 50 minutes okay and not to mention it’s recorded you
watch it as much as you want. Yeah so one of the things, okay so here comes now the problem number 5, problem number five okay?
There’s the problem number 5. People will enter at the sign, the first sign of
this because they cannot control themselves. Okay alright now let me ask
you guys one question,let me ask
you guys one question. I’m gonna go into
problem number six now, okay, Is there an important question that I want to ask
you guys okay? Now that I’ve given you guys a few minutes to let all the
information sink in, you know roll back your tongue into your mouth that your
jaws might have dropped so okay now what I want you to tell you is the next
situation is : What if you enter here and your stop-loss is here and your take
profit is back here recent high. What kind of risk to reward
is this? Okay okay this is something I want to straighten up with you guys
today okay I want you guys to answer me as clearly as you know the industry the
entire industry When you buy a house how much percentage
profit do you make on that house in one year? On average 5% 10% 12% sometimes
loss okay When you invest in the stock market in
indexes like SNP 500 how much money do you get on return in a year if you put
your money in a fixed deposit account as savings in your bank and it’s a lot the
way if you can’t touch it anymore how much do you earn? So I want you guys to
answer me this one question why is a 1 is to 1 which is 100 percent return
looking so bad to you? Why does that make you feel inferior?
Where else are you going to get 100 percent return? See it’s the main problem
with people when they come into forex they forget that they’re in the same
world that everyone else lives in and they need to first get started.
100 percent is already the next level it’s like a level people cannot imagine.
But yet they want to make 400% 500% 1000% in one single trade you have to
graduate to that level you have to go there slowly. Okay what happens if your
take profits a little bit lower I miss less than 1 is to 1, is that bad? ok see, everyone out there you know for
the sake of teaching they want to teach that you want you need to have a lot of
risk reward and this and that yeah yeah if you’re going to be wrong all the time
yes you need to risk reward. But if you want to be stable and consistent you
know there is also, you know there’s a safety of going with the 1:1 you
know that the safety is a wider stop loss you have a safety net okay now how many of you guys can now use this
to your advantage and even trade part time? If you’re trading part time you get you
see this thing you’re on the 4 hours and 60 you look at this you open your
phone you’re like yeah good enough, good enough for me.
Enter 1:1 risk to reward, close that phone and spend time with your
family, like what is so wrong about that? Like literally what is so wrong
about that? What is it that compels you to make you know five R out of this
one little trade you know five risk to reward or three risk to reward because what the
industry tells you so? Have you ever tried a 1 : 1 R?
See here’s the thing this is another example that people don’t know because
they never tried it they just listen to the industry and they say well everyone
says I shouldn’t do it so I guess that’s right. But everyone doesn’t make money
that’s the problem. This isn’t forex factory,
where everyone hides behind a fake username they don’t have the balls to
use their own username on Facebook, like people can do in Facebook and they
hide behind it and they can be like you know you need to listen to me because I
know what it’s all about. It’s not a way to go and you can’t
listen to stuff like that there’s no credibility. okay so aha moments yeah all the
problems that you guys have gone through today how many of you guys actually
found out that there is some situations that you can fix instantly today? How
many of you guys had that breakthrough today? Is it difficult what I taught you? No absolutely not, and we always say this
in the course as well you know I need you to always repeat the mantra you know
if you want to say or the cult. The cult chance that we do “it’s not hard
it’s easy” yeah it’s easy. Because you need to train your mind to do anything.
You need to train your mind to do anything. okay I believe one of you guys pulled me
about the AUDUSD let’s take a quick look at that, we got some more
time with us here today let’s have a quick look and see what that’s all about.
okay AUDUSD I don’t see any candlestick
patterns no don’t see any candlestick pattern that you guys can use. Take a look at
NZDUSD maybe, ah here’s an interesting one! Take a look at
this one. What does that tell you? Now now think very carefully what color the
candle is? and why is it that color? why is it – why is the color green? yeah why is
it green? why is it not red? it is still up that means the opening price was here
the market went up it got rejected and it closed here. Does that tell you
anything about support resistance being rejected? No that means that sign is not
good even though it looks like an exhaustion or a hammer and ball whatever
you want to call it but now you have an idea in your mind that “hey there’s some
rejection but the rejection is not strong enough”. okay? EURCAD 4 hours?
let’s take a look, ah here’s let’s take a look at this one. You see this one right here? There’s a nice rejection there let’s take a look at
that shall we? So this is the 4 hours markets are in
a downtrend in this downtrend marks are going down down down down down and we’re
looking for a some kind of a pullback right we’re looking for a pullback there
well I go can we trust this? San we trust this? And can we do the sell? so let’s
take a look at this how it looks on the one hour. Now markets start to move up
here first can everyone see my screen just fine? make it bigger? is that better? okay markets are moving up now if I draw
this the same downtrend line, do you think at any of these points anyone has
turned a buyer? No absolutely not. okay We saw an exhaustion candle here right
on the four hours does everyone remember that? I’m going to show you I’m going to
go back to the four hours I’m going to reshow it to you again
so you guys can see it it was a strong move up followed by a move down and it
looks so nice let me go to the 4hours Yeah as everyone agree? that looks
so nice what a big rejection from the top. “Navin school after MPA and 4CB”
what’s this? I don’t know what you’re showing me – oh okay you’re showing a trade
that you did – okay um sorry we’re all that yeah everyone everyone see this
exhaustion the violation whatever you want to call it a rejection from here?
everyone see that yeah? Now when I go down to the 60 minute I want you to tell
me what does that pattern tell you when you look at it like this.
Can you tell me if that’s a rejection? Tell me the up movement, tell me the down
movement. Very good you see clicks clicks clicks your brains
are working faster now you guys are picking the stuff up good yeah strong up
no strong and unless download so does a sell collapse from here? No that means
there’s still buyer pressure coming. okay and that these kind of things tell you
when to stand by and when not to take a trade you got to be careful of these
things. okay so here’s another example of when you see a candlestick
you can’t just blindly trade it nor you can’t use like a candlestick they can say
well it’s going to be perfect because this is also support resistance no no no
you can’t do it that way also, it’s not going to work like
that, just because there’s a support resistance and a candlestick that it
should work like that, you need more detail you need more detail. Make sense?
Excellent excellent okay so it is now 8 p.m. here also 9
a.m. in New York City time once again I want to tell you one thing that I really
appreciate you guys taking the time to be here are you guys going to be here
for the next webinar? We’ll have one in exactly two weeks and how soon do you
guys want the recording? How soon do you want this recording maybe I’m thinking I I won’t release the recording for this one. I’m just kidding
yeah I’ll get you guys a recording within 24 hours everything is done we’ve
taken care of everything audio quality and sound quality
everything is going to be perfect so thank you all for coming I hope I didn’t
waste anyone’s time we went straight into the topic and I look forward to
seeing you guys next time cheers guys have a wonderful day bye for now. All right guys it’s Wednesday June 21st
now for me this is several hours after the webinar and in the webinar some
of you guys asked me you know if I can show a life create I think in the
webinar or on Facebook life when you guys ask me. And so I am taking a trade
here and I recorded it on purpose to show you I wanted to get you an example
as sooner, sooner rather than later so I can include this with the webinar and
this is a trade that’s actually happening live so um a lot of a lot of
information that went in to make taking this trade comes from the webinar it’s a
very straightforward trade a very simplistic approach basically something
from the mastering price action course, you know very simplistic, you know very
straightforward instead of going to the complex and very advanced stuff that we
do in the 4 course bundle course, because and that’s why I don’t share a lot of my
trades like that because it won’t make any sense so for the level of the
Mastering Price Action course, this is a generic trade if you just look at this it’ll
make a lot more sense and you will get an understanding of okay I see why he
took this trade, especially going with the webinar that we went over today or
earlier today you know things will you know tie and took place with when you
see your candlestick designs and stuff like that. So I’ll go ahead and pause it
right now and we’ll you know we’ll resume later on. Okay so welcome back so
it’s just only a few more minutes after the trade just hit take profit and the
total time for this trade was basically around fifteen minutes or so so I took
the trade took it for around three point five standard lots for those of you who
work in units I took around 350,000 units on this thing, and this you know it
turned out something small at one 129 USD you know,
something I want to do something small so I can show you guys the trade lies
because a lot of you guys keep coming to me and asking well can you show me
something live? And I thought if I can find something today – I can’t do it live
in a webinar all time right because it’s hard to spot a
trade that’s actually happening then and there all the time so I need to do my
analysis to my research I’ve got to do all that stuff and I don’t want always
time in the webinar doing all that stuff um you know again going through the
process of thinking and putting this the pieces together so this is the trade for
you guys a trade that was you know a video from the pre and then that I
discussed it and then after I actually even haven’t even updated the elite
community and you can see this was like nine minutes ago when I posted it saying
that it spotted a small fifteen minutes old on the USD very small trade and
almost classified as a scalp so so there you have it
there is a complete trade for you on AUDUSD cool Cheers


  • Avijit Roy

    July 13, 2017

    And please let me know for intraday trading on equity stocks what time frame I should choose? 1H or 30Mins???

  • Phạm Tuấn Anh

    July 18, 2017


  • pravin sangvikar

    July 23, 2017

    It is really great to learn to use higher time frames

  • B Sparks

    August 6, 2017

    Why u look a bit like Nouman Ali khan dua

  • Phakamile Moyo

    August 16, 2017

    Hie Navin. Do I have to learn all trading strategies or should I just learn one or two that am comfortable with? At this moment I understand candlesticks more than any strategy available…

  • Phakamile Moyo

    August 16, 2017

    What am I supposed to do if a bearish pinball (harmer) is situated at the bottom of the trend or the other way round? since a bearish harmer at the top of a trend means that sellers have an opportunity

  • Football Maniac

    August 17, 2017

    Knowing this technical analysis alone is enough for day trading? Or do we need to learn more?

  • kausar raza

    August 29, 2017

    How are u Navin I am very happy leran new tricks you for stock market roles but I am new in this business. How do I add live chat in your saminar. Please advice me do I download some software .


  • Cristian Farcas

    August 31, 2017

    Great webinar as always. Every candle tells you a story that you can use it to understand the human behavior.

  • Michael Luna

    September 3, 2017

    Responding to every comment 🤔

  • immanuel

    September 10, 2017

    NA to the fing VIN YOU ARE A GENIUS!!!

  • sven midholm

    January 6, 2018

    Albert Ainstain say ceep evry thing simple in Life and in traeding sven m frome sweden

  • Bongumusa Nyamane

    January 16, 2018

    Watching this 6 months later and so many aha moments already! going to try it out and see and will come back with results from before this knowledge and after it!

  • Cindy Barrymore

    January 20, 2018

    Clue me in. What's MPA??

  • Solo Trader

    January 23, 2018

    This guy sucks! He always ask you a question in the webinar, then gets distracted by the comments and never answers the questions….. I've watched (3) 1hr video's here on youtube and didn't learn anything…. This guy is a con…..

  • Irfan Parrai

    January 23, 2018

    why you making it hard for people ??????????????????????????????/

  • g la

    January 27, 2018


  • g la

    January 28, 2018

    forex and stock market is gambling and thats it. its all smoke screen. but i comprehend you need to make money from desperate suckers who think they are traders. good look in scamming them mate

  • g la

    January 28, 2018

    show me live consistent profitable trades for the next month and ill know you are for real mate

  • g la

    January 28, 2018

    and my question is…..out of 100 trades, how many do you profit on? what is your ratio? (i.e. 5 to 1. 10 to 1, 2 to 1, etc) my problem is everyone on youtube and in books talk a strong game but never show results. they may show 1 profitable trade. ive never seen a video showing a live profitable consistent trades in real time that i can confirm on any chart. why is this i wonder?

  • Krishantha Bandara

    January 28, 2018

    Thank you for this valuable webinar,,,,

  • g la

    January 28, 2018


  • g la

    January 28, 2018


  • g la

    January 28, 2018


  • Numan Arif

    January 31, 2018

    kindly tell me what kind of software us for this for teach? Thankx

  • Theodore Leher

    February 7, 2018


  • Elijah Ayienda

    February 9, 2018

    Navin. I am a new trader. Please explain to me; at the end of the webinar. I can't seem to understand the logic behind the trade you took.

  • adk srt

    February 13, 2018

    You are the best teacher in Forex Market.

  • ntando mqamane

    March 2, 2018

    I never thought I could get a good grip on forex until I stumbled across Urban Forex. Navin brother you are amazing and may God bless you for sharing your knowledge with us. "Can all of you see this circle" lol. Master!!!!

  • Butta Dakidd

    March 7, 2018

    Do you need support and resistance when using these paterns?

  • luis conde

    March 15, 2018

    I'm New To Your Page

  • The Stuffed Vegan

    March 20, 2018

    Great info and fun. Thank you!

  • Ng Karweng

    March 24, 2018

    how to join this webinar ?

  • Presyous Ideas

    March 31, 2018

    This was honestly one of the best videos I have watched. Great information.

  • rahul gupta

    March 31, 2018

    sir ur webinar is great i appreciated it a lot
    sir if u are having any strategy for options playing in in indian equity market then plz tell us

  • ekpurdy

    April 3, 2018

    Great video! Thank you.

  • Ivan Castano

    April 10, 2018

    Some good insights but difficult for newbies… So the candlestick patterns or shapes mater more depending on where they form!

  • Chi

    April 11, 2018

    Amazing webinar! Thanks for sharing Navin! I'm just wondering where I can find the chart that you are using?

  • Siyanda Mthembu

    April 21, 2018

    hi Navin how to join your live webinars and how to connect to them?

  • N

    April 25, 2018

    Gosh, 10 min in a video and I hear only talking and talking about nothing. Just not to fall a sleep, I am moving to the next video on the youtube!:-)

  • Patrick Fitzsimons

    April 30, 2018

    Respect. Just wish you'd made it clearer whether the candlesticks you're drawing are red or green. I didn't make it through the video for this simple fact – and it's not always clear from the context. This has been an issue in other videos as well. Use any color other than red or green on candlestick charts and you'll have a lot less people scratching their heads in your webinars and on YouTube.

  • winter day

    May 18, 2018

    My i get indonesian substitle?

  • Rafid Shadman

    May 19, 2018

    nice educational video

  • Nikhilchandra Khalap

    June 12, 2018

    Thanks, Navin for wonderful insights.

  • Mark Burton

    June 17, 2018

    Cracking stuff! Is there a PDF so I can print off some examples? Many thanks & God bless. M

  • Shrinivas Gujar

    June 26, 2018

    Pathetic explaination….No concepts covered at all…Just Blah Blah Blah!! Humble request to newbies, to not follow such videos

  • Carlos Mesa

    June 28, 2018

    Navin…I know you make money in the markets…that part is obvious from your ability to teach…See I am a big lover of this phrase…Feed a man a fish and he eats…teach him to fish and he eats for a lifetime…Gracias Navin for teaching me to eat for a lifetime…

  • Tiny Trader88

    July 1, 2018

    You are the first person to address the why of trading. Great candle consolidation explanation.  Market makers do not respect us retailers.  I loved "That thing you like" comment! I shall be re watching this video today after work! Thank you!

  • Tiny Trader88

    July 2, 2018

    I'm hoping this can work on buying stocks.  I haven't learned forex at this point, but your lesson helps either way!

  • technical vivek

    July 4, 2018

    Thankyou sir ,god bless you

  • Hash Money

    July 9, 2018

    This guy is god!

  • Ali Haboubi

    July 10, 2018

    is this an example of a day or month? is this day trading or swing trading.

  • Patrick Maya

    July 14, 2018


  • jariemilov

    July 18, 2018

    Amazing wisdom! Thank you so much for this knowledge!

  • Sanjeev Patake

    July 22, 2018

    Navin, how about using 1 hour/ 15 min for intraday? Same things apply?

  • Sanjeev Patake

    July 23, 2018

    Thanks Navin

  • C Dougall

    July 24, 2018

    from Neuquen Patagonia Argentina

  • Kristian Jay

    July 31, 2018

    you talk to your students way too much there must be 15 min combined of you joking with the "sorry I'm late guys" so disruptive who cares if they are late. Apart from that your info is very good ass par as psychology goes.

  • Nathan julien

    August 3, 2018

    ahha man thank you

  • wilfred mugambi

    August 12, 2018

    hi navin…im soo gland to have goon through your webiner thay have taught me great things that made me loos my capital before thanks soo much god, bless you brother

  • Keatan Sharma

    August 14, 2018

    Sir do you speak hindi

  • Cleland Stephen

    August 16, 2018

    Questions to answers ratio of probably 95-5…bored and out

  • Thomas Weinberg

    August 22, 2018

    Wow, great man! I’ve been following your tips and using them with the Spectro Indicator and getting good results (for a beginner). You might want to check it out too, so far it seems pretty legit!

  • heytogetherhey

    August 23, 2018

    now u understand the strategy , u gonna make alot of $$$ . no no no be Curefull. not everytime NOOOOO

  • Thabo Mashele

    August 30, 2018

    A definite "Aha!" moment for me. Thank you for this video.

  • Nimal Wijesinghe

    September 13, 2018

    Thank you…

  • Sex maniac

    September 18, 2018

    Dude your fucking awesome man.

  • Sex maniac

    September 18, 2018

    Hey man I want to sign up for your classes . Can you send me a link thanks

  • Arun Gore

    September 22, 2018

    Can someone summarize this ? I am not clear

  • SA KN

    October 2, 2018

    why making simple thing so complex and difficult???

  • David Watts

    October 2, 2018

    I had at least 3 ahaaaa moments here. Cool stuff Navin.

  • James Bond

    October 5, 2018

    can i say when candles are going up in many candles that it less strong then when it goes in big candles
    and the big candle pattern will last for long time of period

  • [email protected] Darknight

    October 6, 2018

    Big Thank you from Thailand ,very good good good job sir.

  • Guava Iron

    October 6, 2018

    Mentor does not disclose information clearly , he intentionally make it complex instead of going to explain clearly???? Why coz it is free teaching? Hate this mentor. Thank you for wasting my time and patience…

  • Fatiah Istiqomah

    October 25, 2018

    how to give you 1k likes

  • Colin Wilkinson

    October 28, 2018

    Do you have a link for the FX Meter on Android

  • tony a

    November 6, 2018

    thanks for the vids , you discussed everything in 240 /60 timeframe yet your demonstration was on 15 / 5 minute time frame , why

  • Krishnakumar SN

    November 8, 2018

    Frankly I would like to share u one thing that I was getting confused to find the trend. But now I clearly understand everything. I have studied so many books and spent so much of time by sitting in front of my computer. When I am started to watch your videos, I really impressed.
    Thank u very much. U r my GURU🙏

  • Julieto Maglacion

    November 10, 2018

    very straight forward teaching…and as a
    new trader it make sense to me. I hope my trade would be profitable this time.

  • mody sabry

    November 18, 2018

    Love u man ur explanation perfect

  • mahesh shankar

    December 8, 2018

    really a ah ah moment… thanks a lot

  • nahoda saleh

    December 9, 2018

    I'm in Tanzania what to do please help me…

  • Nyana11

    December 24, 2018

    the reality is 7% of all traders are getting feed by the loosing 93%.
    93% of all attending traders loose at the end, it a CASINO a legal casino

  • C D

    December 24, 2018

    Really??? 1:1 is considered as 100% return? And being compared with term deposit? Are people smoking crack and so easy to prey upon…

  • Farook Maghoo

    December 26, 2018


  • Blackie Cat

    December 31, 2018

    Man you have a sexy voice 🙂

  • John Douglas

    January 6, 2019

    I have been watching your videos for a while now and can honestly say that your method is great but they way you explain things in detail is phenomenal. I’ve learned so much just by watching these recordings.

  • Mahesh M Nair

    January 10, 2019

    While using Candlestick charts which should one chose – where the Red-Green represents candle open and close or the one where Red-Green represents relation to previous close with the empty and closed showing candle open and close ?

  • Raju KP

    January 10, 2019

    Excellent! Many thanks for sharing

  • cagadahab

    February 3, 2019

    Aaaaa haaa

  • Three 60

    February 20, 2019

    Sir, do you also teach to how to trade in binary options also?
    I see your video for the first time and found it very helpful and interesting. I want to learn more..

  • Ilmu Dunia

    March 9, 2019

    learn many new things. Thanks for sharing this.

  • Nathan Taylor

    March 18, 2019

    Golden information here.

  • مغزت را چارچ کن

    March 21, 2019

    Candlestick explained grratly ..thanks ,thanks and thanks ❤

  • 69erthx1138

    April 6, 2019

    @30:50 the volitility should be wide-sense stationary when you throw down your trades. This is a great video on candles.

  • C P

    May 10, 2019

    You are teaching good idea sir

  • sameer khan

    July 8, 2019

    There is no better candle stick
    Just go with price level only


    July 11, 2019

    Playback speed 1.75. You're welcome.

  • RP Reddy

    July 28, 2019

    Playback speed 1.75.
    Excellent content n humor Navin bro

  • Milad Vp101

    August 21, 2019

    Thank you navin. you opened my eyes


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