Transcription
All right, beautiful. Okay, so first things first. Um, if you're taking notes, page 11 is going to be your first start, honestly. Okay, so what is a candlestick? All right, Japanese candlesticks; they're formed using the open, high, low, and close of the choosing time frame. Okay, so I want y'all to understand; look at this, look at these two pictures. Okay, they say upper shadow and lower shadow. What is another word for shadow? We don't normally say shadow, but we say what? What's the word that we use that you guys hear me use a lot when I'm doing my candlestick calls? It's not shadows, it's what? Wick, exactly. Wick, wick, wick. Okay, so shadow and wick are the—it's the same thing. Okay, it's the same thing. Now, on these upper shadows right here, this is going to be the highest that this candle formed to be. So this tip of this wick, that's the highest that this market went. This lower wick, that's the lowest that the market went in this particular candlestick. All right.
Now, if you're looking at um, let's look at this one. So this one is gonna be your bullish, okay? This one's gonna be your bullish candle, and the dark colored one is gonna be your bearish. Okay, for my people taking notes, bullish means buy, bearish means sell. Okay, bullish is buy, bearish is sell. The bearish candles are going to be your red candles; the bullish candles are going to be green or blue. That just depends on whatever color you have on your Metatrader or whatever. Okay, um, and it also says it—um, let's see, does it say right here? No, it doesn't. Okay, so I want you guys to understand when a candle is opening right for the buy. So we're talking about a bearish candle; when a bearish candle is opening, okay, look at this one right—that's why it says open here—because a bullish candle is opening and it's going up. So it opens here, it goes buys, buys, buys, buys, buys; it reaches its high, whatever, right? The sellers reject it, and then it comes down, and that's when you get that wick, and then it closes up here. Okay, so that's what open and close on the bullish candlestick means. For the sale, for the bearish candle, is going to be different because for a sale, the candle is going down. So it's gonna—it's open for the bearish candle is gonna be at the top right, because it's opening from the top, and it sells down. That is why you get the close right here at the bottom of the candle. That's why it's both—they're both a little bit different. Does that make sense? Drop someone—did that make sense? Does that make sense to open and close? You guys get open and closed? Does anybody have any questions on that? Okay, okay. And if y'all have questions, please feel free to ask at any time. Um, ask any questions; where this is a learning space, we're all here to help each other. Okay.
All right, so let's just read this: If the close is open, we already talked about that. Oh, what just happened? Okay, um, I'm just reading what's really important. So we talked about the opening close, yep, yep. And it says bearish candles are going to be displayed as black candlesticks, which we already know. So in this entire bible, it's going to be the—the black candlesticks that you see are going to represent your bearish, and the white ones are going to represent your bullish in this entire bible. Okay, so let's go down. All right, so let's see: The filled part of the candlestick is the real body. Okay, so this is going to be the real body of the candlesticks; this is the body; this color part is the body; these um little wicks right are just going to be the wicks, the shadows. Okay, long versus short. So you're gonna see candlesticks long, and then you're gonna see some of them short. Okay, my short ones just mean—what does anybody know what—what are my short ones—um—represent? Let's see who really knows their stuff. I hope all 53 of y'all paying attention, cause if y'all know this candlestick stuff, then y'all could probably—y'all might be able to take my spot. If you're not paying attention, you must know it. Okay. Yes, yes. Um, Day said little selling or buying. Um, Chairman James: Small volume, little buying. Yes. So small candlesticks just mean there wasn't that much—that much momentum; that's all that means. Okay, the bigger ones, that just means it was a lot of momentum; that's it. Okay, and I don't want y'all to overcomplicate anything. Just know smaller, less momentum; the bigger candlesticks, more momentum. Okay. And it says here: Long bodies refer to strong buying or selling pressure. If there is a candlestick in which to close above—see, I don't even want to read all that, I promise, because I'm telling—I'm gonna tell y'all what y'all need to know from this—from this bible, because everything is—people get tend to get confused. Okay. And then short and small bodies indicate a little buying of selling—a little bit of buying and selling activity. Okay.
All right, so let's—let's talk about the tails. They say shadows, tails, wicks in this. Okay, um, let's talk about Japanese candlesticks with short shadows indicate that most of the trading action was confirmed near the open and close. If a candlestick has a long upper shadow or short lower shadow, this means that buyers flex their muscles and bid price higher. Okay, so let's read this one again: If a candlestick has a long upper shadow, right, right, and a short lower shadow, so it's saying this one—look at this particular candlestick on the left. Okay, it's saying that this means that buyers flex their muscles and bid price higher, but for one—for another reason, sellers came in. So all you need to know from that is a long upper shadow, a long upper wick means high selling pressure. Okay, high selling pressure. So all that happened is that candle came in, right, super bullish buying, crazy, and the sellers came in and said, "Hey, we're not having none of that; find somewhere else to play some—find somebody else to play with it." That's pretty much what they did, and then they—they—they—they rejected it, right? That's where you get your floors and your ceilings, right, your support, your resistance. They came and they rejected that; that's when the wick was created. So long upper shadow, this means high selling pressure. Okay, a long lower shadow, a long lower wick would mean what? If a long upper shadow means high selling pressure, then a long lower shadow means what? Buying pressure. Okay, I want y'all to understand that—I'm gonna try to understand that. Uh, so if we're looking at this one on the left-hand side, okay, the long upper shadow is indicating that um you are going to be having a lot of selling pressure because that wick was created from the rejection. So just think of that long upper shadow; that's the seller saying no, like no, the buyers are not coming to take control of the market. The long lower shadow means high buying pressure; that means the sellers was trying, and then that wick was formed, and the buyer said no, and the—I mean, the sellers—the buyer said no, and the buyers are taking control. Okay, so if you're taking notes, just write that down: Long upper wick, high selling pressure; long lower wick, high buying pressure. Okay, everybody good? We good to go to the next page? We on page 14 already? Hey, we're on page 14, yo. Okay, does anybody have any questions? Going once, going twice. Don't all speak at once. We're good? Okay, cool. Let's go. All right, we're going to the next page. So we're not going to read this page, like I said. If you want to read in depth, and I highly, highly recommend you do read this part, um, definitely—um, go and read it on your own time, um, and the PDF is in the chat. Okay, so let's skim, skim, skim, boop, right here. Okay, the engulfing bar candlestick. So this is just—um—right, well, it's bullish and bearish engulfing. Okay, so if you're writing notes, um, there are bullish, bearish. So we're gonna get to both of them. So this one we're just gonna focus on bearish engulfing. Okay, it says: One of the most important candlesticks pattern—candlestick patterns you're gonna often see this one a lot. Okay, now this consists of two bodies, so two candlesticks. Okay, the first body is smaller than the second one. Okay, in other words, the second body engulfs the previous one. So bearish is what? Bearish means what, guys? Write in the chat. I want everybody to flood the chat, but what does bearish mean? Does bearish mean—we got 56 people on this call, so I should get at least—at least 30, 40 answers right now. Okay, if y'all are really paying attention, bearish means sell, correct? Sell, sell, sell. What about bullish? What does bullish mean? Correct, buy, buy, buy, buy, buy. Thank you. Okay, so my bearish engulfing bar, we're going to be looking for sales. Okay, so it has this smaller body, right? And like I said what I showed you guys in our bearish candlestick patterns, opening price is going to be at the top because we're opening at the top, and we're selling down. So when it closes, right, that candle came down, down, down, down, down, hit support, rejected, came up, and that's where it stopped. So that's the closing price, and this is what it normally or typically looks like on bearish engulfing. Now, does it look exactly like this all the time? No. Sometimes this second one might be a little bit smaller than this picture. Okay, so when you're looking at it on your Metatrader 4 or you're looking at it on your—um—IQ Center, whatever broker, HFX broker you have, don't try to look for this and like specifically—I feel like a lot of people do that; they're like, "Well, it doesn't—it doesn't look like the picture." It doesn't have to, right? As long as you understand the psychology behind—um—the information, then you will be able to see these different patterns in the market. Okay, so the first body, as long as it's smaller than the second one and it's engulfing it, it's bearish engulfing. Okay, now here is an example of it on—I'm in the market. Okay, so these are going to be at the top of your uptrends. All bearish patterns, you're going to look for them at the top of your uptrend; all bullish patterns, you're going to look for them at the bottom. So once again, if you're taking notes, that's something you need to write down: Bearish patterns, top of an uptrend; bullish pattern, bottom of a downtrend. Because I have people say they'll be like, "This, oh danger, it's a shooting star, it's a shooting star, so it's about to sell, right?" No, this is at the bottom of a downtrend. You want to look for a shooting star at the top because it's a bearish pattern. Okay, you want to look at them at the top of an uptrend. So remember when you're going through these—when you're going through the bible and you're going back to practice, make sure that you're looking at the proper, you know, positions of where these strikes are supposed to be. Okay, um, and if we go back one, you look at this bearish engulfing, guys, you see how this one doesn't look like that one? I see how it looks—come—it looks different. It's still considered a bearish engulfing, but look, they're both different; that first candle is much smaller, but that doesn't make it not bearish engulfing. Y'all get what I'm saying? So it's still bearish engulfing. All right, um, and I said, as you can see when this price action pattern occurs in an uptrend, we can anticipate a trend reversal because buyers are not still in control of the market, and the sellers are trying to push the market to go down. So they're trying—does that mean if I see a bearish engulfing that the market is gonna completely just start to tank? No, it doesn't mean that. It's an indication that the market is trying to reverse; that doesn't mean it's going to happen; that doesn't mean it's for certain. This is just an indication. Now, that is why you look for multiple patterns—multiple confirmations for your entry point—because just one pattern isn't going to tell you everything you need to know. Okay, um, everybody good? Any questions so far? Going once, going twice. Don't all speak at one time. We're good? Okay, I like it. Y'all understanding? Are y'all getting it? Are we just quiet? I hope y'all understanding. Okay, okay. Y'all understand? Okay, cool. Let's move forward.
All right, so this is bullish engulfing. So this is the opposite of what we were just talking about. Okay, now this one also consists of two candlesticks; the first one is small; the second one is—um—larger, but this time we're looking forward to—we're looking for—um—the opposite color. So you see how this one, the white is our bearish—remember in this bible—and the black is our bullish, right? So now our bearish is in the inside; our bullish is on the outside. Okay, opening price at the bottom because that bullish candle opens at the bottom first, and then it goes as high as it can, and then it closes wherever that market closes. So each candlestick, guys, and I know some people may not know this—each candlestick, depending on your time frame. So if you are in a five-minute trade, right, or you're looking at everything on a five-minute time frame, each candlestick represents five minutes. If you're on a one-minute time frame, each candlestick tells you, okay, in this one minute the market was selling; in this one minute the market was buying. If you're on a 15-minute time frame, same thing: The market was doing this—all that one candlestick—that one candlestick—um—tells you what it was doing in that 15 minutes. So each candlestick represents the time. Okay, because I didn't know that before—like when I first started, that was something I didn't know. "You're great at explaining, teaching." Oh, thank you, Christine. "Is it still engulfing if the large candle—if the larger candle engulfs the body but not the wick?" Okay, if the second candle engulfs the body but not the wick, that is a great question. So let's look at these pictures. So in these pictures, they kind of both cover it. Now, honestly, I think it—I don't think it matters, honestly—um—I think—and maybe we'll come across an example in this bible, but I don't think it has to cover the wick as well—um—but I think actually it might have to; that's because it has to engulf the entire candle—um—and another for—um—I would say when you actually mark up your chart and you're actually, you know, setting your support or resistance lines, if you see something like that where it's not covering the wick but it's covering the rest of the body and you have like other confirmations, and maybe it's at the resistance level, you know, then I would probably just trust my instinct, but I mean, I wouldn't stress too much about that—um—as long as your other confirmations and stuff are aligned, I mean, I would say why not, honestly, me—that's just me. Okay, um, and Jackie said it doesn't—it's just the body. Yeah, so like I don't think it matters. I think if it covers the wick, it's fine; if it doesn't, it's fine. Like make sure you're just setting up everything else, and everything aligns, it makes sense. So I wouldn't even worry about that. Um, let's move on. So it says it—okay, when a bullish engulfing candle forms, it indicates a continuation signal. So if you're taking notes, write that down. Okay, bullish engulfing candle indicates a continuation signal—um—and I'm gonna actually—I need to take—I'll be one to take some notes, but that would take me a long time to do that and write notes and do this call, so I'm gonna do my own—I'm gonna go back and watch my own video so I can take notes—um—so yes, I would definitely write that down: It's a continuation signal, bullish engulfing. Let's look at bearish engulfing; it's probably the same thing. See—um—yes, which is a trend reversal. Yep. So bearish engulfing, trend reversal; I would just put that next to it, and then for bullish engulfing, I would put a continuation signal. Okay, um, when this forms at the bottom of a downtrend, the reversal is much more powerful as it represents a capitalization bottom. Okay, and here's an example of what it looks like in the market. Okay, now once again, this is at the bottom of our downtrend, not at the top. Okay, it says: This example above shows us clearly how the market changes directions after the formation of the bullish engulfing pattern forms, right? So we see it here, bullish engulfing bar, and what did the market do? It went ahead and took off in the—in a bullish—bullish movement. Okay, it says: A smaller body that represents the selling power was covered by the second body that represents the buying power. We know that. It says: The color of the bodies is not important; what's important is that the smaller one is totally engulfed—totally engulfed—by the second candlestick. That is the most important thing, honestly, remember. And if you guys are on my candlestick calls, I say it all the time; I say, "Don't worry about the colors; don't worry about the colors," but worry about the psychology in the formation of the candlesticks. Okay, so as you see that smaller one, as long as it was totally engulfed by that—um—previous one, and it's at the bottom of your downtrend, it is bullish engulfing. Okay, I just—I get some people that's very, very technical with these things; you cannot be so technical with the candlesticks. Okay, um, so that's really important. What's important is that the smaller one is totally engulfed by the second candlestick. Do not try—don't try to trade the market using this price action setup alone because you will need other factors. Okay, so confluence, that just means using other—other confirmations—maybe you're—you—you see it at the support or the resistance; maybe you see another candlestick pattern; maybe Hourglass or Liberty called it out—just having different—um—confirmations to, you know, give you that—okay—to get into the market at that entry point. Okay, um, and that is it for this. Let's move down to doji candlestick. Okay, now doji candlestick; this is one of the most important Japanese candlestick patterns because when this forms, it tells us that the market—market opened and closed at the same price. Okay, so this candlestick, it was supposed to be a candle that formed, and this was the lowest price it went to; this is the highest price it went to—um—and this is the open and closed. So it's just—which means that there is equality and indecision between buyers and sellers. Okay, there is no one in control of the market. So when you get them that look like this, there's no one in control of the market. Okay, you want to stay away from doji candlesticks—um—if you see a lot of them occurring, you don't want to trade—you don't want to trade during this time just because you don't know who's in control. So you don't know whether to buy or sell; you want to wait for the market to take off and see who's in control before you actually enter. Okay, um, so if you have your support or resistance line set up, just see which one it breaks. A lot of times I'll sit there, and I'll set up my support line, and I'll set up my resistance line, and I'll see which one it breaks. Now, be careful with—you know—which one it breaks because—and then they talk about it in here—is a stop-loss hunting strategy. Okay, where it'll do a fake out. So it'll fake like it's breaking out, but it's not really breaking out; it's just to get y'all out of the market—to scare people out of the trade. "Johnson was—if this was you, right, you got into a trade, and I'm talking about forex, right, and you was down ten dollars, and you got off the trade because you was down ten dollars." Dropping one. If that happened to you, he was like, "Oh my gosh, I'm down ten dollars," and you just got off the trade because you're like, "Uh—" Right, right. I know some of us done that, and then two hours later, everybody like, "TP smash, TP smash! Oh my gosh, hey, we hit!" And you like, "Dang, I should have stayed in it, right? I should have never hopped out," right? Jane said that's—that hurt; that's not her for real, right? They do it on purpose; it is a strategy that they use. So they go to—so they say, "Hey, we got about 10,000 people at this stop loss, 1.2694; we're going to go ahead and knock all of them out of this trade—scare them out—and then we're going to go ahead and take this market in the direction that they thought they were going to go—it was going to go to." Okay, so like a scare—money don't make no money. Don't be scared; you're either gonna win a trader, you're gonna lose it; that's it. Put—you put yourself in the trade and hop out. Okay, um, but yeah, that happens a lot of times. So—um—setting up your support or resistance line, be careful; wait for it to actually break through—through—not just like a little fake out. Okay, and then we're going to talk about that a little more. Doji candlestick; here is a picture of it, right? The market was trending up; that means that buyers were in control of the market. The formation of the doji candlestick indicates that buyers are unable to keep price higher, and sellers push price back to opening price. Okay, this is a clear indication that a trend reversal is likely to happen. All right, it says: You will often find it during periods of resting after big moves higher or lower. Okay, so after like a big, big move, like—I know sometimes I look at your heart, like, "Dang, EU took off!" Or, "Dang, GJ took off!" Right—um—it's saying that you may—um—see them after times of when the market, you know, really went crazy—in periods of resting. Okay, when it is found at the bottom or at the top of an uptrend, it is considered a sign that prior trend is losing its strength. So if you're writing notes next to doji candlestick, write that: When found at bottom or top of trends, it is considered a—it is considered a sign that prior trend is losing its strength. Okay, so for example, in this example here, when we had a bullish market, we received the doji candlestick as confirmation, saying, "Hey, these—the buyers are getting tired; okay, the sellers are going to come in and take control." All right, um, any questions so far? "I only trade HFX right now; I'm gonna start a demo for four; it seems like you get a better return." Oh, um, yes, HFX is much different, Christine. Um, yeah, I would say get into both, but I would definitely say master one first and then get into the next one, or just figure out which one you want to study because when you're studying two different things—trying to learn Hourglass, then trying to learn harmonic scanner, channeling on these different products—you're not that much—you're not that successful—I'm profitable because you're just—your focus is so other—so many other places that you can't really focus on one thing. So I would definitely say just figure out what you want to—um—focus on, and then—um—you know, just work with that. All right. Okay. Okay, he said, "Yep, yep." Okay, cool. So if you're already riding that train, it's time to take profits; you can also use that understanding. Okay, so it's saying: Does your candlestick—if you—if you're in the trade and you start to see a lot of those, go ahead and close out the trade because the market is either going to reverse or it's going to be in consolidation; just go ahead and collect your profits. Okay. Now, let me see. Okay, so we got 15; we're going to go ahead and—do it about—so to 10:30. Okay, so we're on page 23 right now. Now, let's look at the doji dragonfly doji pattern. Okay, this is a bullish candlestick pattern which is formed when the open, high, and close are at the same or about the same price. What characteristics—the dragonfly doji is the lower tail that shows the resistance of buyers in their attempt to push a market up. Once again, looking at this candlestick, I'm looking at that wick—that long lower wick—seeing that I know that that is a bullish indication. So I know that dragonfly doji's a bullish candlestick. Okay, now literally, look—you guys see how it's pointing—open prices are here; closing prices at the same thing. So pretty much what happened is it opened—is if it's bullish, that means—yeah—so it opened there, and then it literally closed at the same price. Okay, um, now I'm trying to figure out how—if it opens from the bottom going up. Okay, so open—okay, okay, okay. And that was open price, and then—okay, so yeah, this is what the dragonfly doji is going to look like. The long lower tail suggests that the forces of supply and demand are nearing a balance, and then the direction of which of the trend may be nearing a major turning point. So let's go to the next page. Dragonfly doji at the bottom of a downtrend; that is what we're looking for. Now, pay attention; look at this picture of the dragonfly doji; look at this picture, and then we're gonna look at this picture. Okay, you see how it's a little bit different? This one has a little bit of—of a body, and this one literally has no body. Is it still considered one? Yes, it's still considered one, right? And also some people may say it's a hammer; I mean, honestly, yeah, it's the same thing; it's a hammer; dragonfly does the same thing; just one doesn't have a body, one does. So like I said, please don't get so caught up in the names and stuff; if you just understand psychology, it would be so much easier for you. Okay, now this was testing the previous support level, and that caused a strong rejection from this area, right? That's why—that's where the wick comes in. The long lower tail shows us that there's high buying pressure in the area—um—the—if you can indicate—if you can identify this candlestick pattern on your chart, it will help you visually see when support and demand are located. Okay, um, yeah, so that's pretty much all you need to know from this page—um—and just know dragonfly doji's bullish candlesticks, so we're going to be looking for that at the bottom of the downtrends. Okay, um, so let's move forward. Gravestone doji; this is the complete opposite. Okay, so if you're taking notes, you got bullish and bearish engulfing—those are counter sticks by itself—and now you got dragonfly doji and gravestone doji. Okay, they're related—brother and sister. Now, when the open and closed are the same—so it's the same concept that we just talked about—this long upper tail is indication that the market is testing a powerful supply or resistance area. Okay, bearish candlestick; we're going to be looking for sells with this candle, and we're going to be looking for this at the top of uptrends. So if I go to the next page and I see this example right here, okay, that long tail there was a support—a resistance line right here; that is where we got that rejection—that gravestone doji confirmation—and then—um—opening price went ahead and—um—not opening price—the market went ahead and started to sell. Okay, um, I'm just trying to skim through what you guys need to know. Hmm, right here. Okay, a sign that the bulls are losing their momentum—the buyers are losing their momentum. Okay, it says: A gravestone doji at the top of an uptrend after a period of strong bullish activity. Okay, so they form after a strong period of bullish activity. Oops. And then for this pattern to be reliable, it must occur near a resistance level. Okay, so we know anyways that we're supposed to be looking for our bearish patterns at resistance levels; that's another note for you guys. So for my people taking notes, write down: Um, bearish candlesticks, resistance levels; bullish candlesticks, support levels; that is where you're going to look for them. Okay, drop someone's—if y'all are still with me; I've seen we lost some people, but they don't—lost their mind because they're losing out on some information. Okay, Joshua—ones of you still with me? I'm gonna always rock out with those that's still on here. Okay, um, is everybody understanding everything so far? Any questions? Anything? We good? Jackie—look, they don't—they don't left the call; they don't—they lost what I said. Jackie, I forgot what I said; I forgot what I said; I just be talking crazy. Okay, Angelica said, "Can you repeat that?" Yes, I can. Um, oh, I said—I said we lost a few people; they don't lost their mind. Okay, let me stop—Angelica. So I said: Bearish candlestick—bearish candlesticks—um—equal resistance levels. So you're going to find bearish candlesticks—you're going to look for them at resistance levels—or type of uptrends—and then your bullish ones—or you're going to look for them at support levels and at the bottom of downtrends. Okay, just to make sure—I could—I could have wrote it wrong. "Bullish is bi, right?" Yes, yes. Jared: "Bullish's buy, bear should sell." Yes, and thank you, Nikki; Nikki wrote it in the chat for you as well. Okay. All right, moving right along. Okay, um, losing the momentum. Okay, so we did this page, I believe. Yep, we did this page; we did this page; we did this—oh, y'all is knocking this out—uh—okay—um—all right, y'all tell Nikki to leave me alone; she over here texting me. All right, so the morning star. Okay, now this one consists of three candlesticks—three bodies. Okay, three—three—three—three—three—three. Morning star and evening star are going to consist of three candlesticks. Oh, this one—it has two—I see the one on the—no, it's three candlesticks, I promise. I'll get so many questions—three candlesticks for morning star. Okay, the first one is—has to be bearish; it has to be bearish. Now, I remember previously we were saying, "Oh, well, it doesn't matter about the colors." For a morning star and evening star, it matters. Okay, it has to be bearish at first candle; the third candle has to be bullish; the middle candle could be bullish, bearish, or doji. Now, I think they're gonna talk about which three can be, and we're gonna get into that, but if you're taking notes, that middle candle on evening star and morning star can be bullish, bearish, or a doji candlestick. Okay, now look—we'll even read it: The first candlestick is bearish, which indicates that the sellers are still in charge of the market; the second candle represents that the sellers are in control, but they don't push a market much lower, and this candle could be bullish or bearish; the third candle is a bullish candlestick that gapped up on the open—this candlestick holds a significant trend reversal signal. Okay, so the morning star pattern shows us how buyers took control from them—[Music] girl, can you talk—shows us how buyers took control of the market from the sellers. Okay, um, I'm trying to see what this says behind these—when this pattern occurs at the bottom of a downtrend near a support level, so Christine, that's what I was talking about—bullish candlesticks near a support level—it is interpreted as a powerful trend reversal. Okay, um, here's a picture of it at the bottom of a downtrend—our support, right? So in this case, this middle candle was a bullish candle, but it could have been a bearish, and it still would have been considered a morning star. The outside has to be bullish, and then the first one has to be bearish. So if you're writing this down, right, morning star—and I'm saying it slow because there are people that's writing it down—morning star; first candle—you're gonna just put—just under morning star—just put bearish, comma, bearish/bullish/doji, comma, bullish. Okay, that's going to just allow you to identify—um—which each candlestick should be. Okay, um, does that mean—I know this is a little bit—this one's a little bit more—um—difficult and more in-depth, but does it—does everyone get that one? Okay, so it says: The first candle confirms the seller's domination; the second one produces indecision in the market, and then the third candle could be—oh, it's still here—here it says right here, guys. Okay, um, this is where it says it: The second candle produces indecision in the market; the second candle could be a doji, okay, or any other candle. Okay, so that's really important that that middle candle, like I told y'all, could be doji, bullish, or bearish. It says right here, page 29. Let me write this page down; it's really 11 through 29. I'm just trying to see the most—um—effective pages. Okay, um, and then the third candle indicates that buyers took control. Beautiful. Evening star. Evening star, and then this is going to be our last one for today's—um—breakdown. "Does the bearish candle have to be bigger than the other ones?" Let's go back. Alexandria said, "Does a bearish candle have to be bigger?" Okay, so no—no, it does not, Alexandria; it does not. It could actually be smaller than that, and it will still be considered a morning star, but just
Off boom, took it off right. I'm gonna tell you how they call these, um, things out. So I'm gonna come here; we're gonna go to this pattern right here. So they're pretty much creating it; they're creating where the highs and lows are in the market. That's all they're doing. So the market was low here, and if I scroll back in time, um, on this, I would be able to tell that, like, for example, I'm pretty sure that this was, um, let me delete this. I'm pretty sure that this X, like this, was a support level once upon a time, right? Because whatever happens in the future, whatever happened in the past, I mean, happens in the future. Okay, so if I delete this, I'm just going to take this right, go from low to high, from low to high, low. Okay, it said my internet connection is unstable. Can y'all still see me? Can y'all still hear me and see me? Can y'all still hear me? Good. Okay, I'm back now. Okay, dang, y'all wasn't gonna say nothing; y'all's gonna let me talk. So what was the last part? What was the last part I heard? Because they said my internet connection was unstable. I'm sorry, what was the last thing y'all heard? I want to make sure y'all get this part. Oh, it only happened for a second. Okay, Chairman James, I don't know where you at, man. Come on, can I see you? Okay, so anyway, talking about the triangle. Okay, cool. So I just created—y'all saw how I just created exactly what they did. I'm gonna take your X off, and I'm gonna do it again. All I'm doing with this is catching the highs and the lows, lows and the highs, low. Right, for my Forex people, when the D is at the bottom, we're looking for what? Oh, we might be able to get into a trade, y'all. We might be able to get into a trade if the D's at the bottom. From our Forex folks, what are we looking for? What are we looking for? Buys, buys, buys. All right, so look, look. Now we didn't, we didn't get into this candlestick yet, but I'm just, we just, we could, we could just still talk about it. Let's go ahead. I'm gonna make this black when I make this green, right, for support. Okay, so boom, this is my support level, right? It kind of came here already before, and if I keep going back, it won't even let me back that far, but if I keep going back, um, look, support, look, look, guys, it already came here before; it came here before; it came here before, right? So what happens in the past happens. Look, it's already came here; it's touched this support line so many times. Okay, so that's why Harmonix is calling like, hey, um, it might do the same thing. Okay, so we set up our support line, and then we can go ahead and set up our resistance line, right? And the people like, well, I don't know what, how to mark it up, guys. There's no, is no specific way of marking up your charts, honestly. I promise you, there's no specific way. Um, you're just literally finding the highs and lows, and you're just putting, you're just putting lines there. I promise it's not hard at all. Okay, but for this one, so for my support, my support levels, remember we're looking for bullish patterns. Okay, right now I see a bullish Harami for me, right? Not for me, it's already formed. Okay, I see that bullish Harami. Now we didn't talk about that one, but that's okay. It's a bullish pattern, and I see it right here, right? These two bullish Harami, it's at my support level. That's one confirmation. What's my other confirmation though? It's not a pattern, but the fact that what, what, what is, what's my other confirmation that I could use in this situation right now? Uh, let's see what, let's see who gets it. Let's say, let's see who gets it. What would be my other confirmation? It's not another candlestick, and this my, this one might be a, yeah, my support line. That's not what I'm looking for though, but yes, my support line, but also because Harmonix is calling for a buy, that's another confirmation. Okay, that's another confirmation. So, um, I could see there's a lot of Doji candlesticks. Okay, so there's one here, right? Boom, we talked about Doji candlesticks and indecision. There's one here. So what I want to get into this trade right now, there's, there's a whole bunch, actually this one here, here, there's a whole bunch. What I want to take this train right now, look at all these Doji candlesticks. It's a whole bunch of them. No, no, no. Exactly, exactly. No, no, no, no, no. You would not want to take this right now, and that is why it's important to learn your candlesticks because that's why a lot of y'all losing money. I don't know what to, not take, what to take, when to take it, how to take it. You know, y'all don't know all of that. If you know your candlesticks, right, you will be able to say, oh, it's a lot of Doji candlesticks. Let me stay away from this market really quick and let me see what it does and how it plays out before I hop in. Y'all get what I'm saying? So this is why we're always on y'all to know your basics. So if you haven't went through your IM Center videos, okay, all of this plays a part in knowing, um, the candlesticks and just being profitable overall because everything all together makes sense. So the call earlier with Ty talking about the basics, then you got Nikki showing us how to mark up charts last week, and then you got Eden's going over Liberty. You got me doing the candlesticks. You got everybody breaking stuff down, and you put everything all together. Okay, so when you go to IM Center and you go to your academies, this basic, right, whether you're Forex to HVX, they have videos from for both. You need to know the basics, okay? Because it's literally going to take you through all that, and then all of this will make sense. So you'll come and you'll be able to make everything make sense. So me knowing I'm not getting into this trade right now because it's too many Doji candlesticks, it's too many Doji candlesticks right now, and also what's going on right here that I can also look at, guys? What's also going on right here? It's a whole lot of what, what's this, what's this right there? Yes, Tracy. Yes, look at Chinese. Oh, my girl. Okay, too much consolidation. Okay, too much. So y'all have to be able to see these things, and, um, especially when you're marking up your own trades and stuff, you have to be able to see this and know what trades not to take. Now I'm not saying you can't take this, you know, forever, but right now it's just what, not a good time to get in. Okay, it's not a good time to get into this trade. Um, so like I said, candlesticks are gonna play a huge part in your trading journey. Okay, and for those who have already started, shout out to you, um, for doing that. Okay, but that is gonna wrap up this call. Okay, does anybody have any questions? Does anybody have any questions? Does anybody remember what page we finished up to in the Bible? Um, shoot, we stopped on, oh, let me go back. We stopped on one page, y'all. Oh, so we know I gotta keep up with it. Okay, Evening Star. Boom, boom, boom. We stopped on, we were learning, the next page was which one is this even? Okay, we stopped on page, so we're gonna next time we come, next Monday or Tuesday, it's always gonna be nine o'clock because I want to get as many people, you know, off work and stuff as possible. So we stopped, um, at page 33. When we get back, started, we're going to start on page 34. Yeah, 33, 33. When am I going to do this again? I'm going to try to do it every Monday. So our goal is to kind of finish this together. I think we could finish it by the end of September. I think we'll, that I think we'll be done by then, um, but I just think it's more, I know that you guys are reading about your own, um, but I just think just learning with somebody and just learning as a collective is going to just help you guys a lot, um, and yeah, I remember when I was learning it, it was a little bit, you know, difficult. So I just want to be there for you guys as you go through that journey, um, but if nobody else has any questions, thank you guys for, um, staying on this whole call. I really appreciate y'all, and I'm just here to help you guys grow in this space. Um, if y'all have any questions, do feel free to reach out to me. You know, I'm always willing to help, but, um, that that'll be all. So we're going to go into Richard chat, and we're going to say, um, what we're going to say, we read the Candlestick Bible up to page 33. All right, so we read the Candlestick Bible up to page 33. All right, let's go, all fluff the chat with that, um, and everyone have an amazing night. Love you guys so dearly, and I'll see y'all at the top because the bottom was way too crowded. Good night.