Original subtitles

hello everybody how is it going today

and welcome back to another lesson

thank you very much for keeping up to

your lessons you guys should be

very proud of yourselves if you have

gotten to this lesson so far

which will be lesson number nine i know

that there has been tons of material for

you guys to go through

and i know that it's a very daunting and

perilous journey

but i'm very grateful and appreciative

for the fact that you decided to choose

me

as your instructor and i really do hope

that you have taken

so much away from this so far the

ultimate goal is to improve

your skills as a trader right guys and

we are going to get to so many different

tutorials

and just to show you guys some of the

profits that i

actually make and that i tweet okay guys

make sure you guys are actually going

through my videos on youtube as well

because there are so much free content

for example if you go to my playlist as

well i'm not even sure if you guys know

this but i've got

a lot of live trade guys okay i've got

so many live trades that you guys should

definitely take a look at i've got

over 45 live trades that you guys can

see

proof in the pudding i'm making two

hundred and fifteen dollars in eight

minutes

three hundred and eighty dollars in 15

minutes you know sometimes it's a

hundred sometimes it's eighty dollars an

hour a hundred dollars an hour

sometimes it's way more than that there

are times where i'm making

522 dollars sometimes i'm making 1300

in less than one hour and the whole goal

of these courses guys is to empower you

with the proper skills that you need to

succeed as a trader

when you think about what you guys have

contributed to this particular package

and what it actually cost

you two hundred dollars i bet you guys

have all lost

well more than two hundred dollars to

get to where you are

in this point of your life right now and

where you are at this point of your

trading career

just think about the grand scheme of

things and how much i really hope to

have helped you thus far

and just to give you guys a real life

example of my last trade that i just

took

okay my last trade that i took i used to

be an engineer guys

right i used to be a mechanical engineer

and we broke it down as well we're

in canada about 50 000 a year worked out

to be about 25

an hour which was about 200 canadian a

day

in the my last trade that i made i made

a 12-minute trade i entered it at 10 22

or 20 10 20 um sorry 10 32

and i closed my position 12 minutes

later

at 10 44 and my profit was

literally 278

yes i was playing a 20 000 position and

i made a one percent

gain but imagine for a moment guys okay

where your gains are one two three

percent every trade only

and that's what i'm going to teach you

as a day trader

to focus on gaining these very small

profits that add up to

monstrous amounts every day even if you

guys had a one thousand dollar

account size that you were playing with

and you gained

one to three percent per trade if you

made for example an average of two

percent a trade and you made five a day

well you've just made your account 10

bigger

when you think of it like that right so

that's what i've always believed as a

trader

which is to avoid exposure in the

marketplace

which means to not be in a position much

longer than you're comfortable

i personally do not have the tolerance

to be in a trade for a long period of

time

that is why i ensure that i make sure i

make sure that i'm

exposed as absolutely little as possible

because to me i'm simply just not

comfortable being exposed for a very

long period of time

so thank you very much for keeping up to

your lessons once again

and today's lesson guys is going to be

the big picture and the little picture

how to

interpret time frames i'm sure you guys

have all wondered

what are these time frames right

why should i be looking at the 15-minute

chart why should i be looking at the

one-hour chart

why should i be looking at the four-hour

chart what does this have to do

with the daily so we're going to cover

all of that but just to give a very

quick summary of what you guys should

know by now

and please i emphasize highly and i

encourage you highly as well to make

sure

that you're contacting me on udemy here

ask a lot of questions because i am here

to help you guys okay

i'm genuinely here to help you guys and

i want to answer

all the questions that you have and

we'll keep it to fundamental

sorry we'll keep it the technical

indicators and indicators and charts in

general

and i'm sure that once you guys graduate

through this class

you're gonna have a lot of questions

that you would like to ask me about your

position as well

where once you guys complete the class i

assure you that i will have

absolutely no problem discussing with

you your financial situations and your

positions in general

and help you with financially advising

so when you think about this 200

package that you actually purchase it's

actually a really good deal right

i really hope to improve your trading

and bring it to the next level

i'm just adjusting my monitor here very

quickly

i've got ocd issues my desk is as clean

as it can possibly be

make sure you guys have a very clean

work environment as well

treat it like a professional job okay

despite me

staying at home and you know hanging out

with my dog and watching netflix

and just kind of sitting back sometimes

and enjoying the day

i'm still an incredibly hard worker so

make sure that you guys also understand

the concept of working very hard you

need to make sure

that you don't just treat this like like

any other job right

this is an opportunity where you can

actually change

your life and that's what i truly hope

to do

i really hope that by the time you guys

are done

all of these 17 courses that you are

going to feel

empowered and you can just go out there

and destroy

the charts because if you can do that

nothing would make me

hap nothing would make me happier in

life than to know

that i have students that are also very

successful

and it would make me incredibly happy to

know that i'm changing

lives right so thank you very much for

joining me

through this journey so far and today

guys we're going to be taking a look at

the big picture

and by now you guys should know how to

talk to me

in the lingo when i bring up some things

like hey looks like we're going on an

uptrend or a rally

hey looks like people are selling off

right now hey looks like we have really

good resistances and supports

you guys should know what separates a

really good trader from a bad trader

and that comes down to emotions despite

seeing how goofy

i am a lot of the times and how much i

joke you guys know that

i'm a solid trader right and i stick to

my risk management which factors out my

emotions in trading

i also focus on trading like a casino i

like to ladder my buys as it goes down

to make sure that i'm getting the best

dollar cost averaging

i like to make sure that i read the

level 2 order book

which we will go over in high detail i

want you guys to make sure you're

understanding the bids and the ask

and how walls on one side push over to

the other side

and on the bid side it will push over to

the ask side

all right i want you guys to understand

what shorting the market

also means and why some people are

generally

interested in when the market actually

goes down

i want you guys to understand what

margin trading is

and what all the risks are associated

with margin trading and especially with

leveraging

i want you guys to understand the

necessity of charts

charts basically tell a story and when

you tell the story

you just basically have to open up the

book and it's going to give you a very

vivid detail of

everything that's going on i also taught

you guys how to customize trading view

make sure that you're constantly using

these tools it's kind of like a new

video game right

you can only get a better at a new video

game or you can only

get better with the skills that you

might know on a basic level

if you keep practicing it every single

day

so make sure that you're always putting

in the hard work to learn

a new platform and to learn the tools

despite me showing you how to use the

basics

it's up to you guys to master them by

putting in the hours

i was previously an engineer and i have

a lot of autocad experience for example

i also had a lot of pro e which was

really good or solid edge as well

these are all 3d modeling programs right

that i personally have

thousands of hours of experience in

but i was only introduced the very

basics it's until we actually

got much better with the program that we

knew how to become very proficient with

it

by putting in tons of man-hours and then

we also learned

what are tactical indicators and how are

they used

technical indicators are basically tools

where they perform mathematical

calculations that will assist

us in figuring out where we could enter

a trade

and it will help us in determining what

has a higher probability of happening

so technical indicators are something

that are absolutely vital to our success

as a tactical analyst now we also learn

how to differentiate between what is a

tactical analyst

and also what is a fundamental analyst

as well

we also learned how to read charts right

we learn how

to analyze candlesticks what they mean

what is a high what is a low what is the

open

what is the close what is the dragonfly

doji

and that was more of a basic class that

dealt with price action

and now we're going to talk about

candlesticks in even more detail

in this particular class because we want

to talk about how to interpret time

frames so once again thank you for

joining me and let us begin

this lesson number nine together all

right

let's get into this guys let's talk

about the importance of time frames

so what do you guys think already the

importance of time frames are

i mean we've got a lot of different time

frames right

we've got even a one minute chart why

would one why would people want to even

look at the one minute chart right

that's probably what you guys have heard

before already

right why do we look at a five minute or

a thirty minute

or one hour or a three hour or a four

hour or a daily or a weekly

why do people want to look at it on the

monthly as well right

why the heck do people want to take a

look at it on a monthly

time frame yeah so there's uh there are

so many reasons why we need to take a

look

at time frames on multiple different

what we need to look at multiple time

frames i meant to say

so can you guys think of a reason while

i have a sip of my water think of some

reasons why we need to

look at different time frames and what

do you guys think that they'll actually

show on different time frames as well

so let's think about it okay so what a

time frame

is is think of it like a big picture

and a little picture okay have you guys

ever played

uh you know the sims or something like

that right or

sim city or anything like that where you

can zoom in to a very small

section of something or you can stand

far

back on the edge of the galaxy for

example

if you're standing far back on the edge

of the galaxy

maybe you can look at every single solar

system right

you can see everything in every solar

system but you couldn't

actually see what's happening for

example on earth

right if you're at the edge of the solar

system that might be like the daily

chart for example where you're just able

to see it from a very

big picture but what's happening on

earth

what's happening you know in in japan or

tokyo

so maybe you would want to use a smaller

time frame

to actually zoom in at that specific

structure right so the way that i see

time frames

is it tells a story and in each of these

stories

it formulates a bigger picture overall

so we also first of all have to

understand just some basic

math and divisibility right just basic

division

so guys if for example i'm just going to

show you this okay

if two candles like this okay

let's say these are two one-hour candles

each right

if these are two one hour candles

each then that would mean that there is

there are two hours total because each

one

represents what has happened in that

specific

hour which also means that if you take

both of these combined in a two hour

candle

that would actually only be one candle

right

does that make sense so let's just talk

about the basics okay

so if you take 15 and you divide that by

five what do you guys get you get three

right

so in every 15 minute candle

there would be three five minute candles

right

so how many three-minute candles

would need to make up for a 15-minute

candle guys

i'll give you a second answer that

yeah if you said five you're absolutely

right it takes five

three minute candles to make a 15 minute

candle

so how many candles would it take how

many 15 minute candles let me ask you

guys this okay

how many 15-minute candles

would form a 30-minute

candle

do you guys know the answer to that i'll

give you guys a few minutes

a few seconds to to figure out the

question the answer okay

how many 30 minute candles

would form a two-hour candle okay

how let's just keep asking you guys a

bunch of questions all right

how many two hour candles

would form a six

hour or sorry a four hour candle we'll

say okay

how many i'm just going to keep asking

you guys a bunch and i'm going to hope

that we're going to go over it together

how many two hour candles

would form a daily candle

okay how many four hour candles

would form a daily candle okay

how many five minute candles

would form a one hour candle

how many 15 minute candles

would form a two-hour candle

how many say we'll say 30-minute candles

would form a four-hour candle

so think of it like this okay every time

you have

whatever candle you have like let's say

a 15-minute candle whoops i actually

wrote this one let's just make up a new

one here

would form a let's say

how many five minute candles actually

help

we'll see how many 30 minute candles

would form a

daily candle we'll say okay for this one

so you have to think of it like this

okay

in 15 minutes there would be

15 one minute candles

right so in every for example

15 minute there would be three

five minute candles or there would be

five three minute candles right so

each one of these candles depending on

the time frame that you're in

will represent a different amount of

candles

from the lower time frames so let's go

over this first of all guys

how many 15-minute candles would be

would form a 30-minute candle

this is division that's what we'll be

doing we'll be doing some basic math

here okay

if you guys said two right on okay right

on

so there would be two 15 minute candles

in a 30 minute candle so let's do a

harder one now okay

how many 30 minute candles would

actually form

a daily candle right

so if you think of a daily candle how

many hours are in a day

there's 24 so how many half hours

would there be

there would be 48 right because there

since there are 24 one hour candles

in a daily candle and since there are

two

30-minute candles in each daily or sorry

in each

one hour candle then that would mean

that there would be twice as many right

so we would take two

times 24 to get 48

day 30 minute candles in a daily candle

so how many two candles would form a

four-hour candle

you would actually get two two-hour

candles that would form a four-hour

candle

so how many two-hour candles would form

a daily candle

so first of all you think of it like how

many hours are in a day

right there's 24

and then you take 24 divided by 2 and

what do you get

yeah if you said 12 you got it there'd

be 12

two hour candles that form a daily so

how many

four hour candles would form a daily

candle

yeah six if you said six you got it how

many

five minute candles would form a one

hour candle

guys it'd be 12

right because they're 60 minutes so you

take

60 divided by 5 that'd be twelve so

let's go to harder ones okay

how many 15 minute candles

would form a two-hour candle now

so you think of it like this okay how

many quarters are there

per hour there would be four quarters

right or four or 15 minutes

so that would be per hour so over two

hours

there would be eight right so how many

30 minute candles would form a four-hour

candle

this one would be eighth as well because

there's

two halves in every hour so that's two

per hour

multiplied by four that's eight now let

me ask you guys a hard one which i

really don't think you guys are gonna

get this one okay

i don't think you guys can get this one

how many five

minute candles are in a daily candle

i'm going to give you guys a few seconds

for this one okay

if you guys get this one you guys are

going to understand very well

how these candles break down and why we

look at different time frames

and we will get over the significance as

well

of why we need to look at all of them

and how they correlate

and how they make sense when we look at

each one

did you guys get it yet

okay i'm not giving you guys more time

let's think of it like this first okay

we gotta break it down by asking this

okay

how many five minute candles are in an

hourly candle right

so we answered this one already and

there are 12

candles 12

5 minute candles in

each hourly candle right so

if there's 12 candles

per hour and there are 24 hours

then we would just take 12 times 24

right and what would that be

yeah if you guys said 228 or 288 rather

five there are 258

five minute candles in each daily candle

okay isn't that crazy when you think

about that guys right

that's crazy right you guys can review

this and rewind it or pause it if you

want some more time

so when you think about this one little

candle so we're on a daily candle right

now okay

we are on a daily candle right now okay

and in the daily candle there are

if we were to look at it on a five

minute time frame

okay let's just say we looked at just

yesterday right there

right just yesterday that happened if i

went to a five minute candle

just to see yesterday if i went

if i looked at this whole section right

here okay

this is from may 6 all the way to may 7

right there

this whole section right here

there's 288 candles that's right

288.5 candles

and you actually see it go up and you

see it go down and you see go up and you

see it go down

more down than up of course and all of

these candles right here

if you were to look at it throughout the

day on a 15-minute chart

right on a 15-minute chart instead of

seeing

288 candles in

one single day you would actually see

four times because there's only four

15-minute candles per day right or per

hour right so you would see

four multiplied by 24. so you would

actually see

96 candles instead right in one specific

day

so as you break it down closer and

closer to a higher time

frame you're actually seeing less

candles but if you wanted to see

on a very small picture of everything

going on

right you would actually look at it you

want to be

on earth okay you want to be on earth

you want to go there in high detail and

find out what is going on in for example

japan or in california or in australia

you're literally there on a five minute

time frame and you can see

everything around you you can see all

the small ups and downs

now let's say you didn't care about the

ups and downs as much

so now you would only see 96 candles

let's say you went to a 30-minute chart

okay

if you went to a 30-minute chart on a

daily

what you would see is actually you would

see only 24

candles oh sorry you'd see 48 candles

only right 48 candles because there are

48

halves in each day but what they all

tell you

is actually the same story it's just

that when you look at it on a small

picture

it will actually tell you on a smaller

time frame

and with more detail what is happening

okay that's important to understand so

if you go to an

hourly chart well there's only 24 hours

in a day

so because there's only 24 hours in a

day you're only going to see

24 candles right now if we went to a

two-hour chart

we would actually only see 12 candles

that would actually reflect the entire

day count with me

one two or so you would yeah you would

see twelve one

two three four five six

seven eight nine ten eleven and twelve

and we're done the date

if you go to a three hour you would

actually only see

eight candles right which reflected the

entire day

one two three four five six

seven eight if you went to a four hour

you would only see

six because there are only six one

six of four hour candles in a day and on

a daily chart

when you summarize everything that has

happened

what you actually see is just this guy

right here

just this one candle on the left right

there so

if we're looking at it on a 30-minute

chart for example

we can see it's going it's going down

then up

down then up down up down up

down up down and then if we actually

didn't care

about seeing all of this in much more

detail

sometimes it's important sometimes we

want to see what's happening

on a small time frame and also on a big

time frame

which we actually need to discuss as

well okay guys

we need to discuss the importance of

these time frames

and what time frame you guys should be

looking at

so for example remember how we were

defining what a day trader is

what a swing trader is and what an

investor is as well right

an investor think about why they would

even care

about looking at a very small time frame

an investor

likes to look at things from the very

big perspective

right they look at it from the really

large perspective of

everything going on in the grand scheme

of things and they don't care about the

small ups and the small downs that

happens

throughout the day right they don't care

about the 30-minute chart

so they would only be looking perhaps on

on the you know the daily

you know they'd look at daily charts

maybe they would look at weekly charts

as well

right because they don't really care

about day trading like you and i

but let's say a swing trader a swing

trader might be

much more interested than trading on a

smaller time frame

so what they'll do is they'll look for

example on a four hour chart perhaps

or they'll look on a two-hour chart or

even a daily chart

but the last thing that a swing trader

and the definition of a swing trader

is somebody who takes a position perhaps

just a few times a week and they swing

it throughout the days

right so they don't only trade in that

specific day

they'll hold longer term positions and

they will care about the bigger

swings rather than the small ups and

downs

right and so they might even hold their

position for up to a week

or even two that's what a swing trader

is now what i

am is a day trader so what a day trader

focuses on is i personally believe

that day trading can be

very profitable compared to other

methods especially when you have a

smaller amount of money

and it's also more fun it's also more

thrilling

as well i personally believe that there

are many

ups and downs throughout the day and if

we played it

on for example a daily chart we can

easily find

reasons to make more profitable trades

because we can catch these tiny little

ups and downs right

so depending on the time frame that

you're looking at they all

tell the same story okay they all tell

the exact same story

but one is basically a summary think of

it like that okay

if you look at the 15-minute chart you

see a lot going on

right lots going on but let's say you

went to a higher time frame

when you say low time frame it means a

low number

when you say a higher time frame it

means a higher

number a bigger time frame see so for

example if we looked on the two-hour

chart

it's basically summarizing all

of the smaller time frames right so if i

went to an even bigger time frame now

like the daily

from the two hour the daily is pretty

much summarizing

what has happened throughout that

specific day

so if you're a day trader you don't

really care

too much about looking at things like

the for example you know the two hour

chart

or even um even a four like you do care

about looking at it

but they're not as important as looking

as really high time frames

so what i personally look at is the is

the honestly the one minute sometimes

the three minute the 15 minute and the

30 minute chart

mainly okay those are my go-to numbers

that i would usually look at

because i like to play all of the small

bounces

so let's look at what's going on with

any

coin right now okay let's start with

bitcoin first okay

we see right now that in the past

for example let's start on the

five-minute chart right we see that in

the five-minute chart right now

and keep in mind that three of these

five-minute candles

actually form a 15-minute candle and if

you guys look at the

countdown on the right over here it

actually gives us a number right

it gives us a number and a countdown

to when the candle formations will

actually finish

so when this countdown actually reaches

zero that is when the candle is going to

form

and the significance of this is that a

lot of traders will actually wait for

these candles to form

because keep in mind that the candles

tell us the price

action and when it tells us the price

action

we use the history of these specific

coins so we can predict the future

it also gives us the momentum at that

specific time

so when we have the momentum carrying

forward to the next candle

it might actually allow us to gauge what

could happen in the future

so this is why we're always looking at

coins on different time frames okay

so let's look at for example let's not

look at the five minute too much okay

let's look at the 15-minute chart we

notice that the 15-minute chart

has about four minutes left to form

because it has four minutes left to form

we also know

that well if it's only four minutes left

to form

excuse me prior to that we can say okay

well

two five minute candles have already

formed and the next

five minute candle will actually form

part of the

15-minute candle right so we go the

30-minute candle

we say okay there's actually three

minutes left to form right now

so then we know that one 15-minute

candle

this one right here previously is

already adding

to that 30 minute candle and this one

that's just about the form

will also contribute to this candle

that's forming right

then if we go to the two hour we have

another 33 minutes for this candle to

form

right so we see on for example

a 15 minute chart right here we see

that these two candles right here right

when you combine both of these candles

both of these candles this one

okay i'm just gonna put an arrow for you

guys to see that one and that one right

there

these two candles are actually going to

be forming

one of these candles right here okay do

you guys see what i'm talking about

notice how this is on top of together

like that but notice how down here

it's just looking like that right

there's one on each one

but if we actually go to 30 minute both

of these arrows are actually combined

together

right makes sense so let's say i went to

the hourly chart

so both of these candles right now will

actually form

oh actually sorry i was wrong about that

one uh let's go to the

two hour so the two hour candle we know

that

because there's only 32 minutes left

that in the one

hour this one actually accounted for it

already

okay this one right there and this one

that's about to form will also

add to it so these two candles will

actually

combine to make a single two-hour candle

right that's what it's trying to tell us

so if we go to for example a

four-hour candle right we know that in

the four-hour candle

uh there's still a lot of ways to go

right now still okay

so on the daily there's still a lot of

ways to go as well so the reason why we

look at these is because sometimes

different clues are given in different

time

frames right so right now there's not

too many clues

that are giving us signs of support so

what we like to do

is go back and forth to each time frame

to see if we are finding support on a

small level

or if we are finding support on a big

level

so just as an example right here what

we're finding

is that there's actually some temporary

support right now already okay

there's temporary support on a three

hour candle

it looks really good right now so

overall

in the grand scheme of things in the

bigger picture

we are actually about to find support

for bitcoin

but on the smaller picture of course

it's gonna wave up and down

up and down up and down but this entire

structure right here okay

let's just let's just say we highlighted

this entire structure right here okay

if we went to a bigger time frame notice

how the

area becomes smaller and smaller and

smaller

and smaller and smaller and smaller

and smaller right do you guys see what

i'm talking about

that whole area that i highlighted right

here this whole thing

is actually forming the three hour

candle because keep in mind

that there's 12 5 minute candles

per one out one hour candle so in a

three hour candle there'd be 12 times 36

right so you guys are gonna definitely

get the difference between these candles

as we're going through it

it just takes a matter of lots and lots

of practice okay

so before the downtrend okay just to

give you guys a really good

idea so before the downtrend right here

right we see this cluster region that

i'm going to highlight

now it may not look like anything on a

very small time frame

but let's see what we can see on

multiple time frames okay

so here it doesn't look like it's doing

anything but if we go to for example a

30-minute chart right here okay

or actually a 15-minute chart we don't

really see that many clues either

but let's say we go to a 30-minute chart

we say to ourselves

wow we actually see this cluster of

candles that's forming to create very

bearish candles

and we're here remember in the previous

class we were talking about seeing this

guy here

that's known as a hanging man right here

right

and the hanging man implies that the

bulls

are losing the battle the bears have

simply pushed it down and down and down

there's the wick

right and then they've pushed it all the

way back up right so that is starting to

imply

that we're losing steam over the past

hour in these candles so the five minute

candles don't really give a lot of clues

right

not really that many clues at all but if

we go to a 30 minute candle it

definitely is starting to give way and

then after that

those 12 or those six candles that form

a 30 minute candle ended up combining to

make this very

bearish doji type of candle so it also

goes the same thing for rsi

right for rsi we look at

on many different time frames on a two

hour time frame it'll show a different

rsi than a one hour time frame

because there's much more data right so

on a lower time frame we're gonna see

every single bounce up and down up and

down

up and down and that's what a day

traders bread and butter is guys right

we look on low time frames and we try to

look for these

small little bounces that can actually

add up to a lot of gains

because some days guys some days a coin

may not even move that much

right like let's see let's say on the

daily just yesterday

how much did it move right i'm just

going to take a guess

yesterday it only moved five percent as

you guys could see right there

right i'm just measuring from the top to

here but now let's say

we actually went to a 15-minute chart

right

and and um and the daily like

it was pretty much right here okay i'm

gonna i'm gonna highlight it actually

right here okay for you guys

so that's that's the whole day but we

noticed on the daily it actually only

moved five percent right it was very

very minor that i showed you earlier but

let's say we went to a 15-minute chart

and let's say we actually tried to play

many bounces

let's see you shorted it right and you

caught it from

here to here well that could be you know

two percent

let's say you played it up here as well

well that could be another

1 let's say you played it from from here

and you went long well that could be

another 1.85

let's say you went from here to here

well that could be

like point five eight percent let's say

you played it from here

to here as well that could be one point

four nine percent

and let's say you shorted it for the

last one to go down here

well take a look guys right the whole

day

the whole day it actually only moved

from

from about there to about there right

which was about five percent as you can

see

right but if you actually take all of

these boxes and you stack them

right you stack them on top of each

other that represented the actual

percentage

okay right you can you can clearly see

that day traders can actually make a lot

of money

because they can find these bounces and

many percentage gains

right many percentage gains which can

actually be much

much bigger if you guys notice what i'm

saying right

the gains could actually be way bigger

so this one here

the whole day it actually only moved

five percent but if you

actually played many bounces throughout

the day you could have actually made 11

profit so that is what a day trader does

and we look

on these lower time frames to try to

catch

more of these bounces and that's

personally how i trade as well

but back to the importance of time frame

so let's keep looking at what's going on

right now all right

so if we took if we take a look at the

five minutes or the 15-minute chart for

example on bitcoin

we can see that there's not too much

going on and it's going sideways right

if we look on the 30-minute chart we see

that there's not really that supportive

of a candle yet

we look on an hour chart and wow we

actually see that the

combinations of the many small candles

that have added up

it actually ended up forming a fairly

bullish type of candle right

or not not bullish but it was very

supportive right

so we're seeing a lot of these long

wicks as you guys have noticed right

and these are actually all formed from

once again

the small candles on the small time

frames

because what the big time frames do is

they take a compilation of all the small

time frames and they basically add them

up right and then if we look on the

two-hour chart on the candle

we're getting a dragonfly doji so let's

see what else we can find

on other coins as well okay let's go to

for example eos okay

on eos on the daily so if we look at it

throughout the day

what we're seeing is that

yesterday finished off with a fairly

bearish candle like

this one looks like it's about to make

some sort of flag consolidation

right on the big picture that's what it

honestly looks like to me

so hopefully it does do some sort of

flag consolidation that'd be kind of

cool

not really sure yet what it's going to

be doing though right

yesterday it finished off with the bear

spinning top kind of candle

let's actually highlight yesterday okay

let's highlight yesterday

and let's just talk about many different

things that happened throughout the day

so yesterday the one hour candle that's

from here

to right about there so that represented

the whole day

right on the five minute chart that's

what happened throughout the day

right it went up it went down it went up

it went down

it went up it went down and then we

basically want to summarize it right

we summarize these candles on a higher

time frame

by getting a summary of it and choosing

a different time frame

so when we summarize it the exact same

thing happens like

if i draw the lines like that okay i'm

just giving you an example if i just

draw some lines

just to connect what happened right like

that

like that like that like that

like that if i go to a five minute chart

it'll look the exact same thing

it's just going to show more data of

what happened right

so take a look at this and then take a

look at that

take a look at this right and then take

a look at that take a look at this again

right it's the exact same thing that

we're drawing

but it's actually just more compressed

and it also goes with the indicators as

well right

same thing as the indicators but the

indicators will show you a very

different story as well

so we want to do something called find

confluence

remember what finding confluence is

finding confluence

is finding more reasons that lean

towards

one specific way then the other way so

let's say

you're looking for support what you

would want to do

is find lots of different candles in

many different time frames right

and that would be a confluent factor

another confluent factors could be

where you're looking at relative

strength index where you're looking at

the macd perhaps

and then you're finding even more

reasons where the stars basically align

and that is the actual goal to ensure

that you're finding that the stars align

right you're finding it on all of these

different time frames that just seem to

make sense that we're finding support

you're finding it on a 15-minute chart

you're finding it on a 30 you're finding

it on a one-hour chart

so you're finding it basically on every

single chart that can possibly tell you

that the stars are aligning and they're

confluent

so make sure that you guys are always

cycling back between

every single chart whether it's the 15

minute chart for a low time frame if

you're a day trader

whether it's a 30 minute chart a one

hour a two hour

but always remember as well that on

higher

time frames they're weighed more okay

they're weighed

more like like w i'm gonna write out

just to make sure it's understood wait

they're weighed

a lot more okay and they're weighed a

lot more

because that summarizes keep in mind

every single

of the smaller time frames it gathers

them up and it

compresses them like that right so if i

were to look on a daily like of one hour

chart you don't really see a lot of

these lines right anymore

right that's pretty much what it ends up

looking like if you go to a two hour

you'll barely see it now if i go to four

hour you'll probably barely see it

if i go to daily you're not going to see

any of them right

so that's pretty much how it looks like

when we compress the data

so if we look for just as an example

okay

on the daily or the four hour chart we

see it we see kind of zigzagging

zigzagging zigzagging zigzagging right

just sideways

trend this is actually not a good coin

to be looking at right now there's not a

lot of activity let's go look at another

coin like bitcoin cash that has a lot

more volatility

if you guys are not familiar with the

word volatility that refers to

the heavy price movement and price

action of going up and down

you want something to be volatile to be

violently moving up and down a lot right

so volatility is definitely your best

friend

so right now what we're seeing is that

it's about to do

we're getting one big green candle on a

15-minute chart right

15-minute chart not bad on a 30-minute

chart where it takes

more of the smaller time frames and

compresses them

because this is a higher one we see kind

of a support candle right here

that's bouncing off of the ema right the

moving average

okay so if we take a look at this time

frame right here

on a one hour we're finding some very

bullish candles actually of support

right

we're finding lots of wicks coming down

where it's taking

all of the smaller time frames and it's

adding them up in these bigger time

frames

right so we're definitely finding

support right here

if we look on the two hour chart as well

we see that the two hour chart

keep in mind as well that every single

time frame will have different things

like moving averages

notice how this one on the two hour

chart is hitting the yellow line

right but on the one hour chart it's

actually below the yellow line

so on the 45 minute charts well below it

but on the four hour chart it's well

above it

can you guys think of a reason why that

is

if you are familiar with moving averages

already okay

if you're not familiar with it let me

explain it to you guys is because the

moving average

takes a sample of all of the data

in the past let's say you have a 50

moving average

the moving average will take a sample of

50

of the past candles and make an average

of the price

right so because on the four hour right

it definitely looks a lot differently

right on the five minute

because on a five minute candle for

example okay let's

you know it'll take um in an hour

12 of them right so if you're on a 55

moving average

it's definitely going to look incredibly

different but what we want to focus on

is trying to find trends on a very small

time frame

a low time frame right for example a 30

minute time frame

and we want to see if it's actually

going to cascade

over to a higher time frame so right now

what we see just as an example okay

what we want to see is we see that

bitcoin is definitely in a downtrend now

right we see it in a downtrend on a

30-minute chart okay

because it's well below these moving

averages we see it in a downtrend

on a 45-minute chart we see it in a

downtrend

on like below the yellow line is what i

mean on a two-hour chart

and we finally start to see it in the

downtrend below the two-hour chart as

well

but the three-hour chart we see in the

downtrend as well on the four-hour chart

we

barely see it in the downtrend but what

we want to see is

well the daily chart is not really seen

on a downtrend below the yellow line

right

so usually when they when things happen

on a small time

frame we want to see if it's going to

happen on the bigger

time frame as well and if they do happen

on the bigger time frame

this will actually confirm a greater

degree

trend right so the last thing we want is

to have a bear market right now

in bitcoin we want to see if this is

actually going to hold

stable so i hope that i've given you

guys a lot of

insight when it comes to time frames the

best way to practice guys right the best

way to practice is to just

practice and that's how you will get a

lot more skills

under your belt i'm very grateful to be

your tutor

and to be your instructor and to be your

guide in this journey with bitcoin

but make sure that you guys are also

putting in tons of hard work

so you can make sure that you add to

your success

the probability of you guys succeeding

is a lot higher

when you also put in the work so make

sure you're studying every day

make sure you're going through these

time frames you have to think of it like

a video game

right someone can give you a guide on

the video game and they can show you the

strategy

but it's up to you guys to keep

practicing to get a lot better

so i hope i've given you guys tons of

insight in this particular video

what we reviewed was the differences in

time frames

we also talked about what day traders

look at and

why they actually look at a lower time

frame right day traders look at a very

low time frame

because they want to focus on what is

happening in the small picture

what is happening in the big picture as

well

right or sorry what is happening to the

small picture but

on because we want to play those little

bounces up and down often

but a swing trader what they focus on is

they actually focus on

higher time frames because they don't

care about the small bounces since

they're not making as many trades right

and there's no one way that's better

than the other guys

really there's no one way that's better

than the other

it literally just comes down to your

personal trading

preference and some people trade only on

the daily right

if you're an investor you're most likely

looking at probably not even a daily

you're probably just looking at the

weekly

investors really don't trade right they

just hold for a long time

and the thing about trading or just um

you know

trading or swing trading or investing or

charts in general is that

you will actually find out who you are

very quickly right you'll find out so

quickly who you guys are

are you guys a day trader are you a

swing trader

you can use any time frame and you can

play any time frame that you want to as

well it doesn't really matter

great but the cool thing about trading

is your personality will actually mold

your trading style for example my

training style guys i'm very

very uh as you guys know right i've i've

got a lot of energy right

lots of enthusiasm lots of energy so to

me

swing trading a few times a week maybe

one or two or three trades a week

it's not my style i have to make sure

that i'm in a very

fast-paced environment you know it needs

to be fast paced

i like to get in and out of trades i

like that really

feel good moment of making two three

hundred dollars in ten minutes you know

it feels very good to do that right

so that's why that we will always end up

finding our style

and you're gonna find out what kind of

person that you

actually are very quickly as well guys i

mean it right

you're gonna find oh hey am i this kind

of person that likes to do this

am i this kind of person that likes to

do that and the time

frames will actually it'll actually

equate to your personality as well

so you guys are gonna find a lot of

correlation between

real life who you are and you'll

discover very quickly as well

what you can handle and what you cannot

handle right

some people cannot trade on low time

frames because there's simply too many

bounces right

and it's very stressful for myself

that's where my bread and my butter is

and that's what i will be teaching in my

style for lesson number 17.

so i hope that you guys always remember

that it always comes down

to adding everything up on a small time

frame

right adding it all up and you see it on

a big time frame

a big time frame like a daily basically

takes all of the little time frames

and they add them up and they compress

it into one

bundle of data to give you basically an

overall view and a very big picture of

everything

that is the important thing to know but

another important thing to know

is that we need to make sure we look on

all time frames okay

you cannot just look at one time frame

you have to look at

every single time frame because they all

tell a different story

and because they all tell a different

story right

you got to make sure that you're reading

this book to try to get

data because when you're looking at it

on every single time frame

it might leave little clues right oh

yeah this time frame is supportive this

time frame is supportive

oh no this time frame looks like it's

still bad it's still bad

and then eventually you will make a

decision a consensus

you'll formulate a probability of hey is

it actually leaning more towards you

know

the right here or is it leaning more

towards the left over here

so you guys will be able to figure that

out very quickly but don't forget guys

ever that every single time frame is

very important

and you have to look at every single

time frame

and what i advise for you guys to do is

always put in the hard work of just

playing around with time frames

and seeing what is the difference

between everything going on

in every single time frame so i hope you

guys have thoroughly enjoyed lesson

number nine

which is going which covered time frames

i've had a

pleasure talking to you guys about it i

hope that you've had a great time

learning everything thus far already up

until now i

highly encourage you guys to leave a lot

of questions okay

because questions is what allows us to

grow

and learn and i want to make sure that

i'm attentive

because i am your instructor you guys

are my students

you guys did pay for the material okay

so i want to make sure that you are

getting

every single dollars worth so make sure

guys ask those questions don't be shy

i have your guys's back i support you

100

i want you to succeed you are my

students

and make sure that you guys understand

that i will be answering these questions

because

your success could ultimately come down

to the questions that you're asking as

well

and your interaction with me so thank

you very much for giving me this

privilege

of teaching you guys how to interpret

time frames

the difference between swing trading the

difference between day trading

the difference between investing what do

all of these different time frames mean

and how they actually correlated to each

other i hope you had a wonderful time

learning everything thus far and

especially enjoyed this class

and i will see you for lesson number 10

where we will be talking

about we'll be talking about water

supports

resistances and also trend lines and

channels as well and we're also going to

be talking about the

why they're important in terms of how we

play these breakouts so i look forward

to

you guys joining me for another class

for lesson number 10

and i'll see you very soon in the near

future have yourselves a great day now

bye and take care