00:00

If you're still losing money on forex market then most probably there are two
reasons. First your own psychology. Second trading based on the past price action.
Hi everyone and welcome back to the channel. I've been quiet on my YouTube for a
while. Not because I've stopped but because I've been fully focused building my
community and getting real results. But now it's time to go deeper. If you're
watching my videos for the first time, let me introduce myself. My name is Farukq
and I'm a Forex trader for the past 6 years.

00:29
Now let's talk about Forex. What is Forex? Forex is foreign exchange. That's
the biggest financial market in the world. Over 7 trillion US traded every single
day. Basically, you're not investing in companies. You're not holding any stocks.
You are trading one currency based on how one pair moves against another one. For
example, imagine you're flying from the UK to the United States. You land and
exchange your British pounds for the US dollars at the airport. That's what's
called Forex. Now imagine millions of people,

01:02
banks, institutions, they're doing that every single seconds. But obviously
with much bigger size and faster reaction, that's the market we trade. And while it
sounds so simple, trust me, most people still can't figure it out how to win it.
Well, here is the truth. Most traders still losing money, but not because they're
not working hard. It's all because they're using strategies that don't reflect how
the market actually moves. They literally stopped drawing the zones from the past 3
days ago using

01:30
indicators like RSI, moving average, Fibonacci and etc and hoping the market
will respect their setup. But the truth is market doesn't care about your drawings.
It moves based on the liquidity, order flow and volume all happening in real time
and while they are analyzing the past market already moved. Please, I want you to
understand one thing. When you're trading past price action, you will always be
step behind the current price action. And this is where CMP or current market price
changed my entire game. Trust me,

02:02
it's not about predicting the future. It's all about reacting what market is
doing now. Well, here is the truth. I still use left side of the chart, but for the
purpose to identify the key level. Once that zone is marked, all I care is current
market price. My focus is not longer on the past price action. No emotions, no
indicators, no guesswork. Pure chart language. That's what CMP literally teach you.
Don't hope, don't panic, and don't predict. React based on the present price
action. Now, I literally described the strategy

02:34
I personally use, but the truth is you can still be profitable by using another
strategies. But once you realize how CMP works, you can't come back to your system
anymore. Now it's time to go to chart and learn how to mark key levels and observe
current market price. All right. So let's start from the beginning. I'm currently
using gold chart and pay attention right here. So this is X AUSD. Okay. So let me
actually delete that and take a screenshot. Yes, right here. So we've got X AUSD.
And what does it mean? So X AU is your base
 03:15
currency. All right? And USD is your quote currency. So every time you're
basically buying gold, you're selling it against US dollar. And every time you're
selling gold, you're buying US dollar. All right? So right here is your quote or in
other language, we also call that as a pip. PIP means percentage in point. So we're
not going to go through the details of each topic. I just want to quickly explain
how CMP works. All right. So let's begin. What is CMP? CMP is current market price
and what I mean

03:44
by that so current market price we analyze this side of the chart so we don't
focus to the left side like for example we don't focus thinking this one is
breakout or this one is some sort of u FVG or whatever is that order block and etc
blah blah blah so we don't use that left side all right unless you're not coming
from higher time frame I'm going to quickly explain that as well so pay attention
There are four most important confluences you have to know before you start trading
current market price. All right, so pay attention right

04:19
here. First one is or HLC SNR. Okay, second one is structures. All right. Third
one is direction. Okay. And fourth is most important one operation of time frames
of time frames. Okay, here we are. Those are the most important topics which you
have to know if you want to trade current market price. All right. So let's start
from the beginning. What is OHLC? Oh HLC is simply open, high, low, close. Okay. So
it is so simple terminology which you can actually watch my previous video actually
uh record that I think couple

05:21
of month ago. So, how do we mark the zones based on the OHLC type support and
resistance? So, pay attention. We've got bullish candle right here. All right. So,
if I just go right here, pay attention. We've got this candle and let's say this
one is bullish, right? So, I'm just going to change the color right here all the
way up. Yep. So, we've got bullish candle right here. So, I'm just going to mark
this one as a weak extended to the left. Yep. Beautiful. Right here. Here we are.
Okay. So, pay

06:04
attention. We've got bullish candle right here. So, that one over here is your
open. Okay. So, price pushing all the way up and closed right here. Okay. This wick
over here is your high. bear in your mind. All right. And that low over here is
basically your low. So this wick down there is basically your low. All right. So
I'm just going to quickly write down for you. So in case you don't understand. So
let me actually do that again one more time beautifully. So we've got right here.
What's that? That one is close.

06:45
Absolutely. So we've got close. What about here? That one is open. Yes,
absolutely. So, this one is open. This low right here will be your low, right? And
this one will be your high. Okay. Now pay attention. You've got open, high, low,
close. In other words, that one is O HLC. All right. And how do we mark support? So
when it comes to support, we always take bullish candle and it should be open of
the bullish candle all the way till the low. So that one always act as a support.
Bear in your mind. All right. So I'm just going

07:48
to go through the resistance as well. But pay attention the way how I mark the
support. So it should be strictly from this open and all the way till this low. All
right? That one is your support always. Right now we've got bearish candle right
here a little bit. Yeah. So I'm just going to change the color of that candle
probably to the red. Yes. So we've got this week and we've got this week. All
right. So what's the difference? Pay attention. Now when you're marking resistance,
you should understand one thing. So this one

08:33
over here will be your open. Correct? So price pushs all the way down till this
low. What's that? That one over here will be your close. Okay? Because price
literally closed right here. Closed. Okay? So this one will be your low. Pay
attention. And this one over here is your high. Okay. So, how do we mark
resistance? Resistance should be marked based on open and high strictly on a
bearish candle. Okay. So, we're going to mark it like that and that will be your
resistance. All right. So this is OHLC

09:31
type support and resistance but we also use that as a combination of engulfing
and OHLC. So how do we mark that? Imagine you've got this type of trend. So let's
say you've got downtrend price is going down. One, two, third one last one. Okay.
So let me actually change the color to the red. All right. So we've got downtrend
right here. And we've got this last literally bearish candle. All right. So,
following bullish candle right here. Let me change the color. Literally closed
above the previous bearish

10:19
candle. All right. So, let me actually put the week as well. So, we've got this
week. We've got this week over here and we've got this week following our bullish
candle. Also got some weak right here. Okay. Extended slightly. Yep. And we've got
this W. So how do we mark combination of engulfing with OHLC? Pay attention.
Usually Malaysian traders they mark this engulfing based on the traditional way. So
they marked based on this last bearish candle. However, when we talk about OHLC, I
mentioned earlier that

11:06
open and low of the bullish candle always act as a support. So all we have to
do just combine it. High of the bearish candle and low of the bullish candle. So we
don't mark that specifically to that engulfing. We marked that with combination of
that bullish candle. So we combined literally high of the bearish candle which is
resistance and low of the bullish candle which is support. All right. So that will
be your combination of uh support and resistance with OHLC. All right. So let's
have a look the real examples. So

11:44
that one was clear I guess. Let me actually delete everything. AVR deleted. So
let's have a look the examples. Pay attention. You've got this one over here which
is your support. So the way how I mark it, pay attention, I don't mark it directly
to this engulfing. I mark this one with combination of OHLC. So high of the bearish
candle and literally low of the bullish candle. So that will be my support over
here. Okay. So let me change the color. Actually reduce the transparency. Yep.
Heavy. Pay attention. We've got

12:29
support. We've got resistance right here. So the way how I mark it, pay
attention. I don't directly mark to this bullish candle. I'm basically aiming high
of the bearish candle right here. Okay. Let's have a look another example. Pay
attention. We've got this one over here. Yep. Do you see the way how I mark this
candle? So low of the bullish candle and high of the bearish candle. So that will
be my resistance over here. So what's the reason? What's the main reason that we're
combining or HLC with traditional

13:06
engulfing? Well, the main reason will be if you have a look higher time frames
over here, pay attention. We've got a lot of examples right here. Yeah. If I mark
this engulfing in a traditional way, I can clearly see the breakout. Correct? So, I
might start to selling based on this engulfing and obviously I just going to get
stopped out and it will happen a lot. But if I start to combine it with all HLC,
pay attention wick of the bullish candle, there is no literally breakout, right? So
that's why

13:46
it's so important to mark your key levels with combining of OHLC because that's
really important. Pay attention. If you just mark that in a traditional way one
more time, you can clearly see the breakout. All right. But if I extend it all the
way till this wick of the bullish candle, I can clearly see. All right. So there is
no actually breakout. Price actually uh rejected from this area right here. In
fact, price created another fresh buy engulfing, correct? Which is my uh key level
to observe. And from this point,

14:22
price literally went all the way up. Okay? So, it's actually really important
to mark those key levels in a right way. So, pay attention right here. For example,
we've got this traditional way, okay? And we've got this combination of or HLC was
engulfing. And I can clearly tell because look if I just mark the resistance itself
price still couldn't close above this resistance right because I do understand so I
can literally mark this OHLC type resistant itself and you know uh set the sell
limit but in fact you might just get

15:00
stopped out. So I understand sometimes price doesn't exactly react from this
resistance. Sometimes price just react from this engulfing itself because there are
so many examples right here. Pay attention. You've got this by engulfing correct
and price didn't even react from this support itself. Look at that. So price
literally came down to retest this by engulfing which is your support. All right.
So you've got all HLC type support right here. Pay attention. Do you see that?
However, price didn't

15:36
react from this support. Price reacted from this engulfing. That's why we
combine that support with traditional engulfing and it's really important. Okay, so
let's have a look another examples. So we're going back to 15 minutes. Pay
attention right here. We've got this resistance over here and price reacted from
this resistance. But why price reacted from this resistance? because this high
caused the breakout right here. Okay, which is your external high. We're going to
go through the structures as well, but all I just want

16:15
to make sure is you already understood how to mark those key levels because
those are really important. All right, pay attention right here. The way how I mark
this level, I'm not marking it like that. So I have to extend all the way till this
high which is really important. Okay. So that will be my uh resistance over here
and price literally reacted from this resistance over here. All right. So second
one is structures. So how do we define external and internal structures? Pay
attention. So let's say

16:53
let me change the color to the white one. Yeah. So let's go. So what is
external structure? External structure when you got let's say that sort of bullish
trend. Okay. And this low over here cause the breakout and create that highest
high. All right. So that low will be your external low. Okay. So following up. Pay
attention. You've got this low which caused the breakout and created another high.
So this low over here will be your external low. All right. Following up, pay
attention. We've got this breakout,

17:53
correct? And the low which caused this breakout is this low. So price created
fresh high. So that one will be your external low. All right. So why those external
lows are really important? Because those are strong key levels. All right. Over 80
to 85% price usually react from this level beautifully if you follow to current
market price. All right. It's so important to mark them properly because most of
you are still confused with external and internal structures. All right. So you
might be thinking ah that

18:32
was just you know average order block so price will come down and no price
might literally you know what price might literally come to your external low give
you a little reaction and go all the way down. So you already missed the move
because the only reason why price already start this direction over here will be
your lower time frame current market price. All right. Let's say that structure is
your M15. Okay. And this reaction over here pay attention that bearish reaction
over here. Yeah. Already started on M1. M1 or

19:07
M5. That's why operation of time frames is really important. Okay. So that one
is entire external structure. So what about internal structure? How do we mark
internal structure? Internal structure is simply range. So pay attention when you
got let's say this sort of structure. Okay. Price calls the breakout and you start
having that move. Okay. So you already understand this high is your external high
and that one is your low. All right. Why is that? Simply because pay attention that
one was your last high and why this high

19:50
external because this high caused the breakout for this previous external low
and that external low was your strong key level. So once you got this breakout
that's the first indication that direction has shifted from bullish back to
bearish. All right bear in your mind. So once you got this low probably price start
to consolidating and let's say if that one over here is your H1 correct. So you've
got this internal structure breakout. However this breakout on H1 could be your
external structure on M15. So let's say you can

20:29
clearly see that one is proper internal structure. However, if you shift to
M15, you might have your external structure right here. You might have your
external high right here and you've got this external uh high breakout. That's why
price start to going up all the way up to this external high on H1 which is your
resistance. All right, that's why it's so important to mark your structures in the
right way. So this one is your internal structure. So, let's have a look real
examples. This is gold, by the way. H1, pay

21:02
attention what's going on. So, you've got this low right here, correct? Which
is your external low. And pay attention, you've got the breakout of that external
low. So, that one was your external low. Why it's external? Simply because this low
caused this highest high. All right. So once you got this breakout, price literally
reacting from here. So you might ask the question, so the external high was right
here. So your question might be why price didn't uh retested this high one more
time. So why price reacting from this level?

21:43
Well, the answer will be operation of time frames, my friend. Because once you
got the breakout on that time frame on it doesn't matter. Yeah. If you got the
breakout on M15, you should check higher time frame. So if you got the breakout on
H1, you should check H4 because if you have a look H4 right here, you realize price
already created entire sell engulfing and that reaction coming actually from that
sell engulfing over here. Okay, which is really important as well. So bear in your
mind right here

22:14
you've got external high by the way. Yeah, this is another example why marking
uh traditional way of engulfing would be biggest mistake. Why? Because look, you've
got this one as a sell engulfing and you mark that in a traditional way. So, you
can clearly see the breakout. All right? And you might think, okay, so that buy
engulfing actually my support. So, I want to buy it from here. But you're just
going to get stopped out. Why? Because you missed the point. So, the point is price
created fresh or HLC type resistance as

22:45
well. So all you have to do just combine it together. If you combine it, you
can clearly see price actually reacted from this resistance. There is no breakout
from this point. All right. So pay attention. We're coming back one more time. So
I'm going to delay this one. I'm going to delay this one. Yep. So we've got this
external low on H1, which is your key level. And you got the breakout. But before
this breakout, pay attention. Price created fresh sell engulfing and price actually
reacted from this sell engulfing. Okay. So sell

23:22
engulfing on a higher time frame should be confirmed was lower time frame
breakout. So in this case I'm just going to go to M15 and pay attention what's
going on on M15. When you check M15 we can clearly see we've got the breakout right
here. And in fact pay attention M15 created another sell engulfing. So that sell
engulfing should be confirmed on lower time frame which is 5 minutes. So if I check
5 minutes right here let me actually delete pay attention. So your story line
started from lower time frame because look that was your

24:07
external low right here which is your key level and you've got the breakout of
that external low. All right. So ask yourself which high caused the breakout. So
the only high which caused this breakout is this high. Correct? And here is the
thing once you got this breakout it should be confirmed with higher time frame. So
higher time frame should form sell engulfing and M15 already beautifully made that
sell engulfing. All right. So pay attention. We're going back one more time to 5
minutes external low.

24:42
You've got this breakout. You've got the high which goes this breakout. All
right. So I just marked the high which is my external high in this case. Right. So
I'm going to M15 to confirm sell engulfing. So when I checked M15, price already
confirmed that. So price reacted from this sell engulfing. And what's the task of
the engulfing? The task of the engulfing, my friend, listen up, is to test external
points. All right? If you got sell engulfing, so you should expect price should
retest this external low

25:11
right here. All right? So in this case, pay attention. That would be my key
level. Correct? So now the main question is you might argue and say listen Farukia
you've got the breakout you've got the high which caused this breakout however
price didn't tapped into this external high so why price reacting from this point
well as I mentioned you earlier once you got this breakout that breakout should be
confirmed with higher time frame correct so I can clearly see M15 already got the
breakout so what's my next task The next

25:48
task should be check higher time frame. In this case, that would be H1. So if I
check H1, pay attention. Price created another fresh resistance. All right. So the
only reason, pay attention. So I'm just going to mark this one as a fresh
resistance. Correct. So the only reason why price didn't all the way up to this
your point of interest on M15 which is right here yeah will be H1 time frame
because if you come back to H1 pay attention that one is your external high on M15
time frame. However price formed on a H uh

26:29
price formed sell engulfing on a H1. So H1 is higher time frame and price
usually follows to higher time frame. All right. The same right here. Pay
attention. Price going all the way down. So look uh that looks so simple when I'm
actually explaining. All right. But here is the tricky part. Once you go into the
real chart, you will lost completely lost. Why? Because of the lack of experience.
Bro, I spent entire six years just to learn that strategy myself. Okay. So all you
have to do just practice a lot. Practice a lot. In fact,

27:06
 if you need full guidance with the community of real traders, quick clickbait,
check our website lit effects.co.uk where you're going to see everything, all
prices and etc. I'll see you inside. So you've got this sell engulfing over here
which price beautifully reacted. What is the task of the engulfing? The task of the
engulfing is to test external low. Correct? So that one will be your external low
right here and this one is your strong point. Correct? However, you've got the
breakout. So once you got this breakout, what's the

27:39
next task? So the next task should be check higher time frame because the only
reason because if you're expecting price should go all the way up right here. You
are wrong, my friend. Why? Simply because you're missing the point. So you're
missing that H4 already created this entire sell engulfing over here. Correct? So
from this sell engulfing all we get is current market price. So all we have to do
just monitor this current market price. Okay. So how we're going to get entry. So
pay attention.

28:12
We do understand that one is pure u H4 selling golfing over here. Okay. So how
do we start uh monitoring current market price? So we start from 5 minutes because
if you check 5 minutes right here look the first indication started from this point
you've got the breakout correct. So you expecting price to retest this point.
However pay attention price giving you another external high and that one is your
high. Why? simply because pay attention you've got this high and this low correct
so that high realistically

28:53
created lower low. So that would be your entry point over here because this one
is your external high. If you don't believe me, look at the line chart. So you can
clearly see this one is your uh lower high and that one is your lower low over
here. Okay. So price reacted from this point and pay attention what's going on.
Once you got this breakout, all we have to do just switch to M15. What was that?
Yep. Just switch to M15 and you confirm M15 also got the breakout. Okay. So, I do
understand M5,

29:26
M15, they all uh literally shifted to bearish direction from bullish back to
bearish. Okay. All I have to do stick to H1 because when I checked H1, pay
attention. Price created fresh sell engulfing. Okay, from this point we've got
another sell engulfing. But pay attention. Price was in this support right here
which is really important. Correct? And here is the tricky part. So look at that.
When you're marking this one as a traditional, let's say engulfing, you mark it
like that. Correct? And you might see this

30:02
breakout. However, you're missing you still missing the point, my friend.
Because when price created this engulfing over here, correct? So you don't mark
based on the last wick. So you mark it based on this last bullish wick. Okay? So
because a lot of you still get confused when you're marking engulfings. Some of you
mark it like that. There is no engulfing here. Pay attention. So you've got bullish
candle then after that bearish candle. So buy engulfing should be based on the
bearish candle. So in fact you've got this
 30:35
engulfing over here. And if I mark that in a traditional way, I've got the
breakout. But if I mark that with combination of or HLC, I can clearly see I've got
this sort of reaction from this point. All right. Then price reacted another one.
So from this internal high from this internal high, we've got another fresh
resistance. From this fresh resistance, if you want to take entry, you're just
going to simply go to 5 minutes. Pay attention what's going on on 5 minutes. that
one. NFP time. By the way,

31:08
let me actually delay everything from this point. This one, this one over here,
this one over here, and etc. Okay, so you've got this one as a external structure.
Why it's external? Pay attention because this low caused the breakout for this
previous external high. All right, so you've got this external structure and pay
attention what's going on. You've got the breakout right here. All right. So, the
low which caused this uh sorry, the high which caused this breakout is this high
over here. So, pay

31:44
attention what's going on. You might argue and say we've got the breakout right
here. No, no, we don't have any breakout because once price came to retest this
high, this resistance over here, pay attention what's going on. Price created fresh
or HLC type resistance which I usually mark on my live trading. If you guys
watching my Instagram, I usually mark those levels because those are really
important, okay? And pay attention what's going on. So since you got this breakout,
if you don't want to take entry based on this

32:13
uh based on this high because that one was pure NFP time, what you could do,
you could switch to higher time frame because if you check M15 over this point, pay
attention. Price created this sell engulfing over here. All right? And that sell
engulfing is currently internal. Why it's internal? Simply because you've got this
support over here and we don't have any breakout yet. So that one. So you've got
external high on M5, but when you check M15, you've got internal high. And why it's
internal? Simply because price didn't

32:49
cause any breakout yet. So once you got the breakout, you've got this one as
external. Why it's external? simply because this high caused the breakout for low.
All right. So this is all about structures internal and external. All right. So
yeah, how do we define the direction? Direction should be defined only on H4, H4
and H1. Okay, this is the time frames we use for directional purposes. So for
example, check this out. We are currently on daily time frame. Okay. and pay
attention what's going on.

33:27
So, we've got this one as a daily external low, which is daily support. And why
this daily is external? Simply because you've got the breakout right here. Correct?
So, once you got this breakout, you should confirm it with weekly time frame. Why?
Simply because once you got this daily breakout, weekly should firm by engulfing.
And when you check this weekly, you can clearly confirm you've got the engulfing.
However, that by engulfing is internal low. And why it's internal? I'll give you 3
seconds.
 34:10
Well, if you've been watching my Instagram res and you already understand how
that structure works, I'm glad that you actually find out the onsa because of this
OHLC type resistance. So, that low didn't create any higher high yet. There is no
higher high. In fact, we've got huge resistance right here. And because of this
resistance, we do have that consolidation for over one month. Okay. So once we got
this breakout, we should find out the low which caused this breakout. Currently on
a weekly time frame, we do have internal low

34:43
which is support. Okay. So we're coming back to daily. We already understood.
So that reaction that consolidation is actually coming from from that huge OHLC
type resistance. Okay. So we've got this daily external low. All right. So from
this point like I told you we use H4 and H1 only for directional purposes. So what
I do I usually go to H4 and pay attention that one over here is my daily engulfing.
I'm going back one more time. So this one is my daily engulfing and price should
retest this external low.

35:20
Correct? So price coming back and look at that. I've got this external high on
H4. Correct. But at the same time, I realized price created by engulfing. So by
engulfing on H4 should indicate H1 already got the breakout. And when I checked H1
over here, pay attention. You've got this external high breakout. And why this one
is external? simply because this high caused this low slow low because that one was
your strong key point that one was your resistance and you got this breakout. So
once you got

36:06
this breakout that's the first indication that direction has shifted from uh
bearish back to bullish. All right. So once I got this breakout all I have to do
just confirm it was buy engulfing on H4 which is right here. All right. So I
understood. Okay. So in this case H1 is bullish. However H4 currently uh bearish.
And why it's bearish? Simply because we already got this breakout over here. Pay
attention. So that was your last external low which caused this highest high. Okay,
it's it's actually simple. Look, if I just

36:40
move to line chart, that will be my last low which caused this highest high.
And all structure right here is purely internal. So once I got this breakout, I
mark this high which caused this breakout which will be my external. All right.
However, price formed by engulfing on H4. So that buy engulfing should be confirmed
on a lower time frame which is H1 and I can confirm. All right. So H1 is currently
bullish. Why it's bullish? Simply because we already got the breakout of that
previous external high. All right. So we're

37:11
coming back to H4 and pay attention what's going on. You've got external
structure against the internal low. All right. However, price caused this breakout.
So we've got the breakout. We've got this breakout over here. Which time frame
caused the breakout? Because if you check H1, pay attention what's going on here.
That will be your original low, correct? Which caused this breakout? In fact,
that's not your external low. Pay attention, guys. You've got external low right
here. This one over here will be
 37:53
your roadblock. All right. And you can't buy directly from here. All you have
to do just follow current market price once price was in this roadblock. All right.
So this is the original low which caused this breakout and pay attention what's
going on. So all I care is this price action. So I start from 5 minutes and look at
that right here. You've got external high, correct? But pay attention. You've got
first buy engulfing on M5. So buy engulfing on M5 should be confirmed on uh lower
time frame with

38:37
following breakout. So in this case, I'm going to have to check M1 and confirm
breakout or this point. So if I check M1, pay attention. All right. So price
actually closed this breakout right here. Okay. That means direction on M1 has
shifted from bearish back to bullish. All right. So once I got this breakout, you
might argue and say all right so but we've got this breakout over here. So that
means direction has shifted uh from let's say from bullish back to bearish. Yes,
you're right. But that should be

39:17
confirmed with following following higher time frames. So I don't take any
breakout as a as a direct sell or direct buy. Okay. So I have to follow the
standard operational procedure which is SOP. So I have to follow to higher time
frames. So I do understand that one over here is um internal low of H1 which is
support and that one over here is original breakout of um H1 time frame because
that one pay attention this rectangle is your roadblock which was your original low
which caused this breakout right so I've got this breakout

39:52
first things I do I should go to M5 once I got this breakout and I should
confirm this by engulfing Correct. Now, here is the thing. Pay attention. Price
couldn't create higher high. So, that entry, that buy entry would be risky for me.
Why it's risky? Simply because price couldn't create higher high and price formed a
breakout on M1. Because of this breakout, we've got a fresh sell engulfing. Okay.
But pay attention. We couldn't also make lower low. Why? Simply because we've got
this OHLC type support was combination

40:33
of this engulfing. Okay, so price literally reacting from this support. Unless
you don't see the breakout, there is no point to take an entry. That would be
really high-risk entry to be honest with you. Okay. And pay attention what's going
on. We've got last external high right here. Correct. So we've got this internal
breakout over here. So the low which caused this breakout is this low. Correct. But
once I got this internal breakout, all I have to do is switch to M15 and mark my
support. So when I shift to

41:09
M15, pay attention, I've got this support over here. And this one is the last
low which caused this highest high on the current time frame. And this low is my
currently internal low. So from this internal low, I've got that beautiful
reaction, right? And in fact that was Asian session as well. So I didn't took that
trade but I'm sure explain the way how I see the market. So the way how I mark
those CMPS that one is my internal law and where this uh fresh support came from.
That fresh support by engulfing

41:41
came from because of the breakout of M5 time frame. Bear in your mind. All
right. Now finally pay attention. You had this one as a let me actually delayed
everything. So that one two, that one two and etc. So pay attention. You've got
this one as a last external high on M15 time frame. And why this one is external?
Simply because this high caused this lost low. Then you've got the breakout. Now
you might argue and say all right so this is the low which caused this breakout
correct no it's not open up

42:26
open up your eyes this is not the low which caused this breakout so we're not
marking these levels based on the traditional way if you mark that in a traditional
way you might say okay so we've got the breakout the low which caused this breakout
so you might expect price should pull back to this external low however my friend
gold will say bye-bye and will fly without you Okay. Why? Because you are missing
the point. So you have to mark these key levels based on the OHLC and based on the
combination of engulfing. Okay. So pay

42:57
attention once I got the breakout. So the low which caused this breakout will
be this low which is my external low. So from this point if you are scared to take
this entry direct entry pay attention. We've got this and other buying uh buy
engulfing. So that buy engulfing should be confirmed with following lower time
frame as well which is your CMP. Okay. So once you got this breakout on 15, what's
the next step? Check higher time frame and confirm buy engulfing. Correct? So
you've got the buy engulfing. However,

43:30
look at that my friend. Price also broke external high of H1. So you've got the
breakout of M15 and you also got the breakout of H1. What does that mean? Switch to
H4 because now you should see buy engulfing. When you check buy engulfing, you can
clearly see price created this buy engulfing over here. Okay. So, you've got the
breakout of H1 which is right here. So, that one should create buy engulfing. And
most of the time you've got the broker discrepancy because if you check o from this
point pay attention

44:15
you've got this reaction over here which is also considered as a buy engulfing.
Okay. So you have to stick to two brokers because of the broker discrepancy. I
usually use both of them. So Forex.com and as well because of the H4. Okay. So
finally you've got this external high breakout and that external high breakout came
from because of the M5 M15 H1 H4. So once you got this breakout you should switch
to daily because if you have a look to daily you've got another external low right
here and that buy reaction on

44:53
the daily time frame was already given to my community when I was recording my
refreshment video. I clearly explained. So that one over here was their external
low. So why it's external? Simply because pay attention this low calls this highest
high. Correct? So there is no highest high after that. Pay attention. You've got
this entire zone as a internal high. Correct? However, price couldn't close above
this high. That's why you've got the reaction from this external low. If you mark
this one as an external low, pay attention. You

45:27
would be stopped out. If you mark this key level in a traditional way, you
would think that one is breakout and this one is breakout and you would get stopped
out regardless. So it's very important to mark those key levels in a proper way.
Okay? So that one is internal and this one is external. So that's why price reacted
from this external. All right. So hope that's clear. I'll see you on the next
video. Make sure you subscribe. So, every Thursday I'm trying to drop a nice video
or nice trade breakdown with uh

46:00
full of information. So, make sure you subscribe.