Original subtitles

checklist that I use for myself this is my trading plan keep in

your trading plan, look back on trading view, look back and

back test your charts and see exactly this happening but yeah

pips and the thing says oversold over bought I mean

checklist by the end of this course I'm going to have a

it's it's not too it's not too effective so definitely guys if

This is not too effective on the lower time frames. I've

five minute chart for example when you've got the RSI or MacD

you're going to use divergence keep it as part of your

William it's very reactive so you get to you move up five

Particularly the four hour because it's very effective

would much rather use it on the one hour and the 4 hour.

then. Um because the thing is with the one minute and the

showing you how effective it is. Uh just a point to note.

seen it many times and I've back tested it. Personally I I

over time onto the Discord or Telegram whatever we're

We use divergences to understand if there's a

going to be using. Um going to be uploading them and just

got so many examples of this that I'll probably upload in

it's presenting the other way round and that's exactly what

you're seeing price go down but in actual fact on the indicator

we want if you look at not volume but essentially with

occurring that's when you know you've got an extra

have got that nice buy we've gone back up and then as soon

the same line in the same direction no we're not we're

bought okay so yes if you if you depended on RSI you would

seeing that divergence and that's exactly what it is

it's pretty near that price we've gone down it's gone over

This is the high this is the lower high, right? Exactly what

confirmations well yes that's exact what divergences are for.

same time. This price right here is not telling you to it's

are we seeing the same trend line are we seeing the same the

confirmation and look back when you're back testing well. I've

not saying it's over bought anything so you have to sell

here is we're seeing price action goes down and then up.

this indicator when you start to see this divergence

as we get to our point of interest we have a look okay

we're seeing. On the indicator, this is exact screenshot at the

so now we've reached this point of interest can we get more

divergence in price essentially what what we're seeing right

we're there that that point is a good point of interest okay

we don't just want to enter off a limit without being

there's a high chance that it could hit stop loss there's

other points of interest at the top but what confirms that

To get when we get to this point of interest we want extra

just say we're right at the bottom over here. We've got

completely sure that it's a good limit because you know

got a point of interest right there. What we can do about it.

trade which I'm going to explain what that is later on

liquidity at the bottom. We're down trending. We know we've

going to do this? We can obviously get to our point of

view as well. All of these have been grabbed from Trading View

want to obviously try and get into a sell right? Now how we

trend. We've identified market structure. We're downtrending.

We've got liquidity right at the bottom over here. Now we

confirmations right we don't just want to enter off a risk

interest as we've highlighted this one right here. So let's

but yeah let's see how it works. So we've identified the

use indicates for like I said is for the divergences so you

bought oversold amount of times that you'd get false signals

William Percent R but personally I think it's one of

and get stocked out is ridiculous the main thing we

EU and MacD EU William percent R not many people use this

the best oscillating indicators you can access it from trading

compare the chart so Euro USD for example and then the RSI or

you were just stuck to an RSI okay now we've got over over

depth just to prove people wrong but I've had sessions

where I've gone through with people the amount of Times if

it's not it's not something of like like a commodity for

Forex there's no such thing as overpriced and oversold because

example the other thing is with indicators they can give you

bad signals and if I was to go on a I'm not going to go too in

overpriced and oversold overpriced oversold and in

you know something that goes up and down like this. You know

it's more of comparing the oscillators. So oscillator is

So personally with smart money concepts and everything you

it is. Um but personally it's not really part of my plan. Um

they're oscillating indicator caters they just understand

into divergences I want to talk to you about indicators first.

some people that do you know they use RSI and MacD whatever

don't really use indicators as part of your plan. I've seen

it. So yeah. So to understand what I'd before we even get

know what it means as well but I'm just going to go through

a concept that a few of you have heard before and you might

going to be looking at divergencies. So this might be

Yes guys, welcome to the next video of the second part. So

advanced technicals, my bad. Uh so for this lesson we're

guys, anyways, take care and I'll see you in the next video.