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between the different asset
classes. There's a lot to learn
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sell and the way you use it is
very simple. I would say
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there so yeah hold on tight and
be ready to take notes for that
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William Percent R is more
accurate than any of the other
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one. Anyways guys take care and
we'll see you in the next
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start to see some divergences
but also the thing is as well
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not too late but gets too early
just to see you know are there
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could add into your strategy
the one where going to be
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not then okay yes this checks
out time of day checks out you
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premium and discounted areas
but if I saw that it was not on
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you can use just to know if
you're selling too early or too
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focusing on in the fundamental
courses, all the correlations
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other points of interest that
are more valid at the top if
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know cross pay correlation
checks out everything so yeah
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anyways guys these are just a
few extra correlations you
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indicators but yeah it's just
another added confirmation that
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the top range and shown over
bought then usually I would not
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easily bring it up on the
indicator tab on on trading
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divergences because I believe
for as many winners that you'll
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my entry I would always check
to see the W% R to see if it's
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so I've identified I've
identified the point of
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win and you may see indicators
will give many many false
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view. It'll just bring up along
the bottom. I like to keep it
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signals if you just depend on
it by itself. Um so you can
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it there you go so what do I
use it for and how do I use it
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colors that I go with and then
here are all the as you call it
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retracement for example what
when price once price gets to
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it's not showing the same then
clearly there's something wrong
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was selling a bit on this kind
right here for some reason.
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interest we're now on the lower
time frame so this is the five
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the settings that I've got
going on so if you want to use
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when I'm actually entering
let's just say for example I
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minute chart on EU I want to
find an entry for sales timing
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is also going well as well so
we're seeing yes we're at the
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perfect time of the day this
could have been like a New York
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previously discussed this
before and I personally do not
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there clearly there's something
wrong with that zone and you
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Obviously that's not a strategy
we use because we wait for more
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wrong areas either too close to
price action or you might be
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maybe a one hour or four hour
you know even then it's even
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then it's quite effective but
when it comes to this you might
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very low time frames I've
realized rather as opposed to
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shown a good confirmation it's
much more effective on the low
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that's the only one that's
slightly different for the rest
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can expect either some kind of
manipulation to happen at that
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point or the zone is just
invalid and you've chosen the
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and before we move on as well
what I wanted to explain about
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few points of interest for
example in Euro USD but you're
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mis and the market structure.
So William percent R we've
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fundamental course in this case
for example you're a USD if you
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grey, black, and grey, blue and
white, you know. It's just the
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course are correlated straight
with each other
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if it's correlated with the
index pair or any other
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can go on a risk trade but you
might lose a few trades in a
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correlations that we're
going to be looking at in the
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but yeah every single currency
pair has its own index so you
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errors one thing that really
help of that is looking to see
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promote the use of indicators
apart from when you're doing
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row because you're picking you
might be picking the wrong
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start seeing that arcade we're
approaching a zone but on DXY
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wait for confirmation but you
might miss out on trades you
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DXY inversely correlated and
then all the other indexes of
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this is when you start looking
for entries you might have a
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not sure exactly which one to
execute on so you can either
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pairs to DXY it works the same
way so here we go Euro USD and
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here quite self explanatory
apart from just GBP as the BXY
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can easily look at that in the
same way that you compare USD
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explore now. So, currency index
correlations. Uh index
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the anticipated move is well
correlated. So before we go
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DXY and EXY which is the index
for the Euro and to confirm if
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percent R is something, it's an
indicator that we brought up
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going through it in depth much
later on and then William
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areas of interest on EU for
example. So you take a look at
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you're trading on the lower
time frames which I'm going to
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through that the indexes for
each pairs you can see right
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correlations are very helpful
to you when you have a few
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in depth about each economy and
there's a lot more to it so
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previously. Mainly look at it
for divergences but also when
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that's why I'm mentioning it
here but we're going to be
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so UST is going that way. I can
see gold going down so I can
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see DXY going up. Now, it's
going to be talking a lot more
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what this is is if you're
trading USD you'd look at DXY
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in depth in the fundamental
course it's not just going to
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be like a day you know oh I can
see DX going this way so I can
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for example intermarket class
correlations comparing
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still a few left to learn. So
currency index correlations
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different intermarket classes
to understand the flow of money
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confirmations we have looked at
at the course so far there are
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and this is pretty much we're
going to explore really really
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Yes guys, welcome to the third
video of the fourth section. So
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trades. Um so it's going to be
a lot it's going to be
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today we're going to be talking
about increasing probability of
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really talked about yet. So
Apart from all the type of
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just adding a few more
confirmations that we haven't
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incorporating a lot of the
knowledge we already know but
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video.
8967
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