All language subtitles for 4_biubimoasdansaa

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.