0:09 think ta means second analysis sorry if
0:10 I wasn't clear
0:13 it's basically analyzing trend sequences
0:17 and information to get a mathematical
0:21 way of understanding what is the
0:25 possibility of achieving this what is
0:27 the possibility of price going from this
0:28 level to this level
0:35 okay now let's slow Katz ever knows gold
0:38 less than a gold okay Charlie let me
0:44 remove all drawings get rid of
0:49 everything the way to look at Ta is you
0:51 start from higher time frames like
0:54 tempos did same thing you understand
0:56 look at Ta by understanding high time
1:02 frames and through that trading first
1:06 and foremost is about making money okay
1:08 that goes without saying everyone wants
1:11 to make best way to make money is to
1:16 understand TA and how and where to enter
1:18 trait meaning where to go long or buy
1:22 stock or where to sell stock or short
1:26 right you can make money both ways so
1:29 first and foremost looking at gold right
1:31 every knows about gold people go long on
1:35 gold as a thing it happens to everybody
1:38 all around the world
1:42 gold as you can see has been going up
1:48 right red is selling people selling is
1:51 red candle Green is people buying okay
1:54 but in trading in sells and buys and
1:57 sells there is both sides for every buy
2:00 there will be a sell for every cell that
2:02 will be a buy because someone has to buy
2:06 something sell right so the printing is
2:09 done at closes so you see a green candle
2:11 but does it necessarily mean it's people buying
2:12 buying
2:16 it means that a printed green it
2:20 actually closed quite bullish if bullish
2:24 is a term used when you have a trend up
2:27 bearish is a term used when you have a
2:36 trend okay now looking at this just
2:40 looking at gold as you can see from 20
2:42 odd years ago since 2001 it has been
2:48 slowly but surely climbing up until it
2:53 goes to this level but this is a level
2:57 level is a zone in price where people
3:02 buy them and bought 1500 gold here or
3:06 sell someone sold 1500 gold here this is
3:09 per ounce okay
3:14 so at this level this is the level
3:18 withheld mean this is the level people
3:21 were interested in buying for so long
3:24 here and then after we break it what
3:27 happens there is a shift in what we call
3:32 trend bullish and we have a short-term
3:36 pullback and in smaller timeframes you
3:43 the small the higher the timeframe the
3:44 bigger the sequence the smaller the
3:51 timeframe the smaller sequence okay
3:55 now looking at this chart as a whole
3:59 just looking at this chart you can
4:04 understand where people bought and sold
4:06 where people were interesting in buying
4:09 and selling and this is where making
4:12 money comes into play is because if you
4:15 are buying at levels at places where
4:18 others are buying as well what that
4:23 means is you get a price increase but if
4:24 you're buying at places where part of
4:26 those people are actually interested in
4:28 selling then what you get is you are
4:31 buying our places where people sell off
4:34 to so you're buying at these levels so
4:37 what we look at is what we call support
4:41 and resistant support is a level of
4:42 people where people would interested in
4:46 buying and resistance is a level where
4:49 people are interested in selling or what
4:51 we call covering covering is basically
4:54 doing the opposite of buying in this
4:56 case if you are long you are covering to
5:00 short sell if you are short you are
5:03 covering to buy okay
5:07 the covering basically means you are
5:10 being risk adverse and doing the
5:13 opposite of what you did before so long
5:16 to shorts I know it gets a little bit
5:19 technical but this is where the bad the
5:22 little proof is in the pudding so when
5:26 you're looking at levels you go now you
5:27 have understood that we have broken
5:32 below this level here okay in the
5:34 smaller time frame we have a very easy
5:40 sequence as well we have a sell off so
5:44 people sell start selling and then
5:48 people are actually interested and
5:54 buying at these levels and this
6:03 and there is what we call a pivot these
6:07 levels and these sequences happen all
6:11 the time in any timeframe in BTC and
6:12 I'll give you a couple examples and
6:15 these sequences is where you are most
6:22 liable to make some money and why is
6:25 that is for a simple and simple reason
6:33 okay because now you have a trend and
6:37 that is going up right it's a trend that
6:42 is going up what happens if you break it
6:46 you do not want to be holding this gold
6:48 right you want to be selling it before
6:49 they break it because the price is gonna
6:53 go down so you are looking at where
6:57 should you buy to uphold the trend where
7:00 should you buy this gold so as to make
7:04 sure trend is still up and you're buying
7:06 it to make sure that you are going to be
7:08 profitable because you are working with
7:12 trend you are trading with trend
7:16 thus you look at these levels and what
7:20 we call swings and you put your entry at
7:24 higher lows which means it's a higher
7:27 level than this low here this is the low
7:30 and this is higher than that so thus
7:32 becoming a higher low and this is your
7:36 long and most generally the way you want
7:38 to be trading is you want to be risk adverse
7:39 adverse
7:42 so that means having stop losses so
7:46 entry with the stop-loss here and
7:53 entering on this ticker here targeting
7:55 topside most of you if you are being you
7:58 know been trading for a while or a
8:00 couple of months this might be
8:03 completely obvious if I want to just
8:05 start with something really new and
8:08 really newbie friendly and everyone said
8:11 a gold so it just makes complete sense [Music]
