Beginner's Academy 1 Learn Day Trading Strategies - Price Action - Technical Analysis | Janos Raduly | Skillshare

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Beginner's Academy 1 Learn Day Trading Strategies - Price Action - Technical Analysis

teacher avatar Janos Raduly, Retail Trader

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Watch this class and thousands more

Get unlimited access to every class
Taught by industry leaders & working professionals
Topics include illustration, design, photography, and more

Lessons in This Class

6 Lessons (49m)
    • 1. Quick introduction

      1:53
    • 2. Module 2 Video 1 Swing relation charting

      13:18
    • 3. Module 3 Video 1 Trend analysing, Swing highs and lows

      13:49
    • 4. Module 3 Video 2 Trend's direction

      9:31
    • 5. Module 3 Video 3 Mono Colour coding your charts

      9:29
    • 6. First Class ends here

      0:58
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About This Class

You will learn the fundamentals of Technical Analysis, Day Trading Strategies, Intraday Trading and Scalping Strategies. This knowledge will allow you to trade Stock market, Forex market, Indicies, Cryptocurrency, Commodities as a Day trader, Intraday trader Scalper.

This is the first class of the series of Beginner's Academy Learn Day Trading Strategies - Forex trading Stock trading Technical analysis There are 3 classes in total.

HEY! You are interested in trading, day trading, technical analysis? That is awesome!!! Me too. Trading and analysing the charts is my passion. I hope you'll start your new career with me. I want to share my experience of a decade+ of trading. 

What is day trading? A day trader will speculate on the price movement and will open and close his/her position within the same day.

A day trader will profit from the short-term price movement by buying and selling shares etc...

How much money do you need to start day trading? You can start as little as $400-500. Of course with small capital, you will make small profits but at the same time, you will risk and lose a small amount of money.

How much do day traders make? This is not a simple answer...Depends on your capital, your knowledge, the market you pick, your personal trading style and your risk tolerance. The limit of earnings is your capital and your knowledge. 

The purpose of this first class is to give you the needed Technical Analysis knowledge in order to be able to learn and implement Day Trading Strategies. 

At the end of this class, you will start to look at the charts with the eyes of a technical analyst. This is the first step towards your new career as a retail trader.

In this class, you will learn the following;

  • Utilising and understanding bar charts
  • The components of a price bar
  • The different kind of bars
  • Swing relation charting
  • Swing relation colour coding
  • Understanding and analysing trends
  • What is a trend
  • How to recognise the direction of the markets
  • How to recognise and utilise swing highs and lows
  • What is a downtrend
  • What is an uptrend 
  • Reversal formations that really works

This is the first class of the series. We will start with the introduction of the class. In this class, just like in every other class of this series you will have some homework to do, so you start practising. 

Every class will contain PDF files, which you should read first and then watch the videos. In this way, you will have a much better understanding of the content of the videos and your knowledge will be stronger. 

Every class will give you the needed knowledge and preparation for the next one, for the next level.

Your questions and your feedback are always welcome.

LET'S GET STARTED WITH THIS AMAZING JOURNEY OF BECOMING A DAY TRADER RIGHT NOW!!! ✅ 

Meet Your Teacher

Teacher Profile Image

Janos Raduly

Retail Trader

Teacher

Hello, I'm Janos. 

I have opened my first trading account in 2010 and I became a successful retail trader in 2013. I trade any market that gives me the right setup to make a profit. I trade from the 15 minutes chart to the weekly. I believe that trading is not difficult if you can keep it simple and if you know what you are doing. Of course, for that, you need the right strategies and experience too. 

This is the result of my last week's trades. 

See full profile

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Transcripts

1. Quick introduction: Hello. Hello. Thank you very much for checking out my course. My name is Yanis and I'm a successful retail traders seems 2013 that here I've asserted power. I saw ya'll today, I'm 38. So this is my ninth year that I make a living by trading. I have a very simple offers trading. I don't utilize any robots or indicators to make a decision. Instead of those, I rely on my ice and on my notes. I trade any kind of market that these meteorites setup like forex indices, commodities, Stokes, crypto. I can do this thanks to the knowledge of technical analysis, which by the way, you will find inside the course, I trade from the 15 minutes charge up to the leaky chart. I use the 50 minutes chart, for example, when I don't see a nicely trending market. But thanks to the lower timeframe, I can still jump on the price section and make a profit. I we use the higher confront, like the six hour, the daily and the weekly chart. When I see the ideal or nicely trending market condition to make some profit, I utilize just the handful of three liable and power who strategies. As I said, I like to keep things simple so there is no need to have and those kind of strategies is better to have just a few bots that are working. And there you go. My order has been taken live. Video. Good. Wouldn't go better than this. Let's see how it will go anyways, if you want to learn the strategies that I, that are utilized and if you are interested in technical analysis. And if you want to get the bundle of technical analysis and the strategies that are used for a living since 2013. Then start the course today and see you insight. Thank you for your attention. Bye. 2. Module 2 Video 1 Swing relation charting: Hello, Welcome to this video. My name is Yanis and I'm going to be your trainer in this video. I will be your trainer in all the other videos. So nice to meet you. Let's begin. In this module, we have been talking about this finger creation charting, okay? We have talked about color-coding. This color-coding, it's a universal way of coding your, your chart. As you know, if something is going up is green, if something is going down, it's red. Ok. And for the sidebar, we have choose the color blue. Yeah, this is only my personal preferences I have told you in the module because I like this, this combination of the colors, green, red, and blue on the white background. But it's nothing that you cannot change. You can use any color for your chart coding. And also we have talked about the mono color-coding. Okay. Because if you remember, I told you that I'm normally and you won't find this option when you open your account with any book broker. This option to color-code your chart based on the swing relation. Okay. I don't know why nobody wants to give us this option, but unfortunately it's not available. But if you want to use it, you will have to pay a software or software that I'm using, for example, or you can find any other software. Or the other option is to use your monocular coding. I don't know if you've ever watched any video of somebody that was explaining trading on YouTube for example, or Facebook or wherever, if you are doing a course and that passion, and the trader was using a chart with one single color is because he or she didn't have or so fair. Yeah. And he was using his account with his broker and then the swing relation coding wasn't available. Okay. So now I'm going to show you in this video how to find your boss Dunbar's inside mass and outside bars with a monocular coding. Yeah, because that is what you will have to use if you don't want to pay for software and the software, um, yeah, they are not cheap, let's say it will cost you probably around 50, $70 amounts. So when you are at the beginning, you don't want to pay 6, $800 a year just to have a software where you can color-code your, your, your chart with your, with your favorite colors. Okay, so that is not something so important. I've shown you this color coding because that is the right way to color-code it. So like this is easier to recognize the boss and the Donbass and the inside and the outside Mars. But the color at the end, it doesn't really matter because. We have to start to look for the highs and lows of the bars. Bars. Okay, so let's jump over here. Here you go. I have changed my color coding already as you can see, because I have only black color. And this is a normal chart. Okay. And this is a chart that you could open and see it in this way. And this is not so difficult to recognize the bars and the noun mouse, right? Why? Because you know that if, for example, we start from this bar because you always have to look left to identify if your a bar is. Download a bar inside or outside. Let me just give me a sec and just want sex or for this. Let me restart. Try that. I forgot to delete this boss. Okay. So let's just zoom in. And I'm just zoom in a little bit more so you can see it better. We start their Latin, take the soul. That. So as I, as I was saying, you have to look left to identify your type of bar. Okay. So what do we see here? Here there is a bar, then there is this button. Does this bar has a lower high and the lower low compared to the previous bar. I would say yes. So this is a Dunbar, Right? Okay. So next mine. Does this bar has high or low and the higher high compared to the previous bar? Yes, I would say yes, definitely it has high or low and the high or high. So this is a humpback, right? Just move this here. Write that goal. Does this bar has a lower low and a lower high compared to the previous bar. So of course it does. So that is another amoeba move on. That is another above because it has a higher high and the high or low compared to the previous one? Yeah. There you go. Next bar. Does this bar has a higher high and the high or low compared to the previous bar? I don't think so. It has a lower, high and the lower lobe so that these are exactly that Saddam. But let's move on. Does this bar has lower lobe and a lower high compared to the previous bar. It, it has a lower high, but it doesn't have lower lobe, right? So that is up inside, but because that is inside the body of the previous bar, right? So let's move on. Does this bar has a high or low and the high or high compared to the previous bar? Yes, it does. So that is one. That is another A-band right? Next one. Does this bar has a lower low and the lower high compared to the previous back. Now it has a high or low and the higher high. So that is exactly an up back. So let's move on. This one has a higher low and the high or high. Yep. So that these are VBA. Correct. Next one is other above. Let's move on. Does this bar has a lower high and the lower low compared to the previous bar? Yes, definitely. Dongba, correct. Let's see the next one. It's another number, right? Next one. That is another big Dunbar. Next one, 4. So this one has a lower low. And the lower high. Yeah, move on. That is are down by another number. Next one. And this one is a bar because it has a higher lobe and a higher high, right? So that is an amoeba. Next one, That's another amoeba. And this one is a down but because it has a lower, high and the lower lobe, correct? Yeah. Next, this one is an MBA. And this one is our inside bar. Yeah. Because this bar is inside the body of the previous bar because a lower high and a high or low. So it is an inside butt. Well, this one is an R bar and this one is a big down, but yeah, let's move this a little bit. This is another Dongba. So you have to concentrate on the low end, on the height of the bar. That is the swing relation charting. Ok, and let's just move on and let's see the next bar. This is an amoeba. Next one is a DOM bar because it has a lower high and the lower low compared to the previous bar, right? Okay, next one. And this one again, inside bug. A damn about that. These are lambda, right? I know that's an outside, but how is it possible? It is possible because as you can see, it has all lower, low. And if I zoom in, probably you can see it a little bit better. It has a higher hot, so it has a lower lobe and the higher high. Okay, so let's just put on this. Tool so you can see better. So look, the height of this bar is 6.258, 16. And the height of this bar is 6.28273. Okay? So that these higher, yeah, you can see it like this. You can see that there is a little difference. There is a little difference, but there is a difference between the two highs. So that is an outside bar. Okay. Next one. And that is an AABA, right? And that is another sidebar. Next one, down bar. I'll do Dunbar. And the last one is yes, it is a down, but even if the close of the bar is higher than it's open. But the high, lower than the previous boss, high and the low is lower than the previous bios. Bar slow, it's a downward. Okay, So what I was saying in the module that very often, if people doesn't use the swing relation charting, they, they use the color-coding, which is based on the open and the close of the price section of the bar, right? So that color coding says that if the open, sorry, if the close of the bar is higher than the open, then these bar is an ABA because it's green. Yeah. It isn't green for us because Dunbar because it has a lower, high and the lower loop. So that is a downward swing relation coding. You can find other information if you want to go and check it out on on internet. Yeah. But this is all you have to know. There is no there is no much more that you have to know. Because this is a simple simple way. Yeah. Can you see that that is that is with the with the colors, but you don't need them as you can see because you can recognize absolutely. Weed out. The colors. Just concentrate on the highs and the lows of the, of the boss. And you will be fine. And later in the next module, you will understand how important it is to recognize the highs and lows. Because you will learn about how to swing the highs and the lows, okay, in the next modules. So this is all for this video. Thank you for your attention and I wish you a nice day. Okay. See you at the next one. Bye. 3. Module 3 Video 1 Trend analysing, Swing highs and lows: Hi there. Welcome to this video. My name is Yanis on J and the US, and I will be your instructor during this module. So let's start. This is Module 3 and we are going to talk about the trend and the trend analyzing. So the first thing what we have talked about in the module is is the trend. So what is the trend is nothing else than the price movement, the direction of the trend, the title shown the market, sorry. So as you know, the uptrend is built by high highs and lows. And the downtrend is built by lower highs and lower lows. And the trend is in place or is intact until there are the higher highs and lows, or the segments of lower highs and lower loss. Okay? This is something very important and very basic. You have to know the Sphinx very well because without knowing, without being able to recognize your highs and lows, you won't be able to know where the market is going. And as I told you in the module, if you don't know the direction of the market, then you shouldn't trade, okay, so we shouldn't sit down in front of your computer and you really shouldn't open any position without knowing the Sphinx. So this is very important. So please pay attention and practice and do your homework. And let's just jump over here. This is Index nasdaq, but it doesn't matter what it is because if you know the higher highs and lows and if you are able to analyze that, the trend in general, then you can trade anything, index or stocks or commodities for x whatsoever, whatever you like. Okay, so let's just begin. Now. We are going to find higher highs and higher lows or lower loss and lower highs in the trend, okay? And we are trying to identify the changing of the direction of the trend. Okay, so let's just begin. Let's move bar by bar. So we have another above right sidebar and the Dhamma. Okay? So what does the rule says? You swing up when you see that there are three bars. This is the highest bar, and then on the left, so before and on the right. So after this bar, there are two bars with a lower high. It means that the height of this bar is your swing high, right? So let's just take these two. And let's say that this is our first. Hi, okay. So we put our line on it. And let's move on. Okay, now we have an inside and an outside bar. And then up back. So from here, you see that there's this down but which has lower low compared to the previous bar and compared to the bar after it. Okay? So from up here, we are going to swing to the low of this download. Okay? After death, what happened? We had our outside bar and we had an up by. Okay, so let's move on and is going down. Now we see that from this law, we have to swing up to the top of this Akbar. Why? Because on the left and on the right of this bark, there are two bars with a lower high. Okay. So this is your new high. So as you can see, here, we were in an uptrend. And here we had our high, then we had a low. And this is a lower high because it's lower than this one. So this is a very good sign that the market is telling you that maybe I'm going to change direction. And as you can see, the market or so broke the slope. So it looks like that you have also a lower lobe. Okay, So let's just move on and let's see, where is our new low or new high? Dhamma Dunbar in sidebar. The sidebar, and then up by. Okay. So now you can see sorry, There you go. Now you can see that on the left and on the right side of this bar, there are two bars and that has both has a high or low. Okay. So that is telling you that that is your new load down there. Okay, Let's move on. But, and the number, once again, you see that there is this var width on other bar on the left side with a lower height plus another bar on the right side with a lower height. So it means that that is your new high. Okay. So it from down here, you have to swing up there. Okay, So now let me see. What did the market due until this point? So we'd ever high, then we had low. We had a lower high, which is a good sign that the market is going to change directions. And the market was correct. Again, it wasn't lying to you because as you can see, it had a very good, very nice DOM movement. After that you got again a lower high. So now we have the segments are far, lower high and a lower lobe and the lower high. Okay, So let's move on. Let's see what will happen. Dunbar, the Saddam bar, Dunbar. Okay, here you go. You see this bar on the left side, there is another bar with a high look. On the right side, there is another bar with high or low. It means that this is your new law. So you have to put your line on it. That Let's move on. And this law is just a little bit lower than this one. So it can be good sign that the market will change direction again. Maybe it's going to go up at this point. Let's see. No, it's not. And here you can see that there is your new law because on the left side of this bar, there is a bar with a lower high. And on the right side there is a bar with a lower high compared to this back. So you have to swing up there to the top of this Akbar. Okay, so let's move on down by this number. And then up back. Here, we have to swing from this bar to the load disbarred. Because as you know, on the left side there is a bar with a high or low, and on the right side again, there is a bar with a higher low. So this is your new law. Okay? So let's move on the sidebar down. But once again, you have to put your life you know the rules already. I don't have to repeat it for you. Down, but number outside bar. Okay. And then other Dunbar. I just moved this a little bit so you can see it a little bit better. Okay, Let's move on. Sidebar. Sidebar and the Dongba. Okay. Let's just move on. Here. There is your new law. There is a new low. Why? Because this bar has other bar on the left or the previous bar with a higher law. And also on the right, for the next bar has a high or low. So this is your new a new law. Okay, let's see what's happened now. And that Saddam bar, and this bar will be, the height of this bar will be our new high. That's because this bar has a lower height and also the next bond has a lower height. So that is your new new lower high. Okay, let's move on. And up. Now we have to swing from this bar, this bar, because this bar has a high or low, and the next bar or so has a higher law. So that is your new swing, low or low or low. Okay, let's go on. And this Alba and down bar. So now we have to put our line on these bug. Right? Lower, high, and they're going to lower height. So this is your new high here. And just watch out because the market is talking to us. You see that it was a series or a segment of lower highs. From this point, we had a low, high, low, high, low, high, low, high, and low. So here we have a lower high. But at this point, the markets showing us a higher, a higher high compared to the last plus high. Okay? So that is a good sign. As you know, it's from the module that the market. Could change direction because it's showing you that there is a higher high compared to the previous high. Okay. But that's not a 100 percent. One more in most of the cases. It's a good sign. Now let's see what we have down but and the number, okay, so now we have to put our line on the low, this bar, because the previous bar has a high or low, and the next bar after this one has a higher lobe. So this is your new high. New low, sorry. So as you can see, we had we had the lower you had a higher heart and we had a high or low too. Okay. So it looks like that the segments of the lower highs and lower lows is broken. It's over because you have your higher, high, and high or low. So let's see if the market is lying to us or telling the truth. You have to swim from this point to that one because this guy has a lower high and also this one has a lower high. Okay, So let's move on. Okay. And I'm outside bar and the numbers From this point, we have to swing to the low of the outside law because the previous bar has a higher law. And also the next bar has a high or low. So this bar is your new low, less than one. Okay? Looks like that the market was telling the truth because the trend is starting to pick up and changing direction from down to up. Okay? So you have to put our line on the top of this, but you know the rules already. And from there, There you go. Okay? So here up, because the previous bar has a lower high and the next bar has a lower high. And then from the top of that bar you have to swing down to the low of these bar because the previous bar has a higher law and also the next bar has a high or low. So this is how you find your LOS and your house. And let's see if the market was really good to us, was telling the truth or not. Will it go up? Or is just fooling us? A market is never fooling us. Sometimes it does, but in most cases, it's correct. It's moving a little bit sideways. So let's see what we have done. Yeah, I think markets was honest because the trend is going up nicely. Okay. So that was your first clue. Right here. When the market shown you a first higher, high compared to the last high, okay? Then it's showing you or showed a higher low compared to the last lobe. Then yes, you got a lower high and the lower lobe. But after that, you started to get a higher, higher and higher and higher, high and the high or low again. Then the market started to move a little bit sideways, but then it picked up nicely. And this moving up, as you can see. Okay. So just watch out. It's not complicated. You can see that it's quite simple, quite easy. And your eyes will get used to these formations. But you have to do your homework and you have to practice as you know it. And your ice, we really get used to this and you will recognize the lowest and the highest very easily by time and by practicing. Okay, so that's all for this video. And have a good day. See you at the next one. Bye. 4. Module 3 Video 2 Trend's direction: Hello there. Welcome to this video. This is the second video of module friend Janice. Here. Your favorite trainer. Maybe I'm your favorite trainer only because I'm the only one. I don't know. I don't ask questions. I'm happy to be the favorite. So let's move on. This is the second video of module 3, as I told you. And I decided to make a second video to make sure that you understand very well the highs and lows. This is very important as you know. And let's just bring this example what I've shown you in the module about this thirst. So I would like you to use your imagination when you think about the trends and when you will be analyzed. When you, when you will be analyzing the trends, think about them like if they were in front of you. So just like in this example in the module, I showed you that you can walk higher and higher on your stirrers on till you find higher steps in front of your foods, right? And once you get a lower step in front of you, it means, or it could mean that your trend is changing direction, okay? Once you get even lower, high and then a lower low, it raises, your trends has changed direction. And this is the same with downtrend. So you can vote you, your downtrend is intact until you can walk down downstairs until you find lower steps in front of your foot. Okay. So this is the same, just usually imagination, I think it will have at the beginning. So let's move on. Let's see our chart. And this is the stalk is called, called GM G Good Men Group. But as I told you in the previous video, it doesn't matter what what I'll show you. Because at the end, if you, if you are able to analyze the trend, if you know how to recognize your lows and highs, okay, then you can trade basically anything. So let's just move on. Let's see what will happen. And let's find together our highs and lows. Okay? So there you go. There is our first high because the bar before it and the bar after it both has a lower high, right? So this is your new high. So let's move on. Okay, so again, we have found already and you load because the previous bar has a higher law and the next bar has a higher loci. So let's move on. There. We have a huge number of bar sometimes can be tricky, but it's easy to manage them. Okay, then we have an outbreak. And so what can we do with this situation? So because there is this bar, okay, after the down bar, it could have been your new high. If then x bar would have have a lower high, right? But it doesn't have the next bar. It's our sidebar and has a higher high and also a high or low. So in this case, you have to modify your last law and you swing down to the low of this outside by, Okay, Why? Because before and after the outside bar, there are two bars, both with a high or low. Okay. This is a high or low and this has a high or low too. So this is your new low. In this case? Before it was, it was our new low. Okay. But from here, you couldn't swing up here. Okay? Because yes, the previous bar had lower high, but the next bar didn't. So you have to modify your your last law and you swing down to the low of the outside, but is that these? Okay? So you just always have to find a bar. If you're looking for your new low, you have to find a bar, which has a bar with a high or low in front of it, and the bar with a high or low after. It, doesn't matter how, how, how much higher it is. It's important that it's high. Okay? And this is higher too. All right, so let's move on. Above. It's an insider and the Dongba, okay, so now you can see that nuchae is the top of this bar, right? This one has a lower high and this one has a lower height. So let's move on. Okay? You see immediately that you are getting a nice segments of higher lows and higher highs. Okay. So we are in optioned, pretty sure, right? So let's move on. A bug, a bug other and the Dongba, okay, so you can recognize immediately that this is your new high, okay? This one has a lower high and this one is a lower height. So this is your new high. Let's move on. And I'll sidebar and then above. So now your new high will be the low of the outside. But why? Because the previous bar has a higher, higher law and also the next bond has a higher law. Okay, let's move on down. And I'll sidebar and the Nakba. Okay? So this is your new high and this is your new low, right? Okay? This one is a lower high, this one has a lower half. And then this is your new low because the previous one has a higher law and the next one has a higher law. Okay? So let's move on. And we have to put our line over it. Again. Debt, low or high, low, high. Okay. And the nicer bar. There you go. Let's move on. Inside. Bought another insight, let you go. So now you have to move our line up here. And from there, now you can move it down there. All right. Let's move on. Outside, but okay, that's a nice number. So why you swing now from here, you're going to swing to the top of the outside. But why? Because this bar has a lower high and also these bars off to docile bar has a lower high, okay? And then very nice above. So from here you find your new loader. And so, okay, so I hope that is quiet, understandable that you can find. It's pretty much, let's say, easy, okay? Of course, like everything. Nothing is easy at the beginning. So it will become easy, believe me, because your eyes, as I said, we'll get used to these formations and you will find the lowest and the highest very easily. So as you can see, we have the low, we had a high or low, high, low, high, low, high, low, high or low. And the segments of higher lows and higher highs. Okay. So that's so for the second video, I hope that you could, you could understand well how to find your highs and lows. And I hope that you understand that this is something very important, okay? Because for example, you see now that you can recognize your highs and lows, you can use this technique for entry and exit strategy. Okay? This is something very important. And 200 and something very basic. What every trade the US when they do trading. Okay? As I said in the model, you can use the highest and the lowest as our entry point or as the exit point for as a target point. Okay, so for example here you could get seen the trait when that price broader law slope here. Because that was your lost, lost, lost. Hi, sorry, not last long. When the price broke that last high. At this point, you could enter into trade here. And this would have been a nice profit. And until you saw that there is a segment, so it's higher lows, higher highs and higher lows. You can stay in the trade. Okay? And this is not a strategy yet. This is only a tool to be able to analyze the trend, but you can even use this tool to enter and exit. Alright, so that's it for this video. I hope that you will have a good day or a nice evening. It depends on how was the time where you are now. So see you at the next one. Bye. 5. Module 3 Video 3 Mono Colour coding your charts: Hello, Welcome to this video. In this video, I would like to show you how to find your swing heights and your swing laws. If you use monocular coding. Just like in the previous videos. Once I've shown you when we are talking about finding that up bars, long bars inside us and outside Moscow. I shown you how to find those different kinds of bars be the monocular coding? Yeah, because probably that is that the color-coding that you will find available from any broker. If you don't want to pay for a software and you don't need to. Also because after a while, if you use the colors, the green, the blue and red colors. And just as I shown you after a while, you, you won't need the colors. You can find easily. The highs and lows only with monopolar coding because your eyes will be trained, right? And you have to concentrate only on the highs and the lows of the bass, the color, it doesn't matter. Okay, so let's jump over here. I want to show you this in this chart. And as you can see, I have changed my color-coding already. And let's just say that we are starting from this point here. So it's going down because that is our new swing low. Yeah, because this bar has a lower low compared to the previous bar and compared to the bar after it, right? Okay, so let's move on and let's see what will happen. Okay, That is our Dunbar. You might want to see it, but let me let me assure. You see that. The Law of this file was 6.09540. Yeah. And the law of this bar is 93 prime. So it has all lower lobe and also lower high compared to the previous bus. So that is a town bar, right? So now what do we have to do? We have to swing to the high of this part? Because this bar has a higher high compared to the bar before it and compare to the by offering. Okay, so let's move on. Yeah, good. So now we have to swing down here. Okay? Because this bar has a lower low compared to the previous Maslow and also compared to the bar after. Okay? Like this one here, this one was our new swing low because it has a lower low compared to the asthma and to this one. And also this bar has a lower low compared to this and compare it to that one, right? So let's move append. So now we have to swing up there. Just slide it. Because this is a higher high compared to this high then compared to this height. That is an insider and an outsider. And as you can see, this has lower low compared to the previous Maslow and has a higher high compared to the previous buys, bars high. So that is an outside. Notice. All right, so let's move on. Let's see what could happen. And that is on a bus. So now we know that we have to take our two can swing from this point down to the slope, right? Because this bar has a lower low compared to the slow end compared to the c. Yeah, so let's move on. Let's lambda. So we have to swing up because this is a higher high compared to this high end compared to the right. Let's move. That is an alpha. Okay, So we have to swing high to the low of the spot. Yeah, because this bar has a lower low compared to the slow end, also compressed to the sleep. Yeah. So this is an amoeba and that is a down bug. So missing up here. Okay, because this bar has a higher high compared to deliver and has a higher high or so compared to these bars high. So let's move number. And that is an outside bar, okay? And that is an app bar. So we have to swing from here to the lobe, the outside. But because this bar has two bars in front of it and after it with a higher law, this law is higher than the slope. And the slope is higher than the slope. Right? Let's move on. Let's big gamma. So now we know that we have to sweep to the top of this map, is higher, high island this entire than this number. That's download. And it's an onboard. So you have to swing from here to the law of the spot. Because as you see, this is lower low compared to the n, completely disrupted. So let's move on. That's another upper. And that is a data bus. So now we have to take our tool and sphinx who here up there. Because this is a higher high compared to this high and also compared to the bar after it. Yeah. So that's Moon. It's a sidebar. But you see already that this bar, the slope, is lower than this lower and lower than the slope to right? So let's move on. That's an Alpha, That's another and another and the Dharma. So now we have to swing from this loop to the top of this plan because the bar has a higher high compared to these marsh Hi, and also compared to the to this bus, right? So as you can see, there is nothing particular, nothing difficult for that. You can manage it easily. You just have to see three bars, as you know it already from the model and from the other videos. And then when the difference here is that you don't use the colors, you use only the monopolar use molecular coding. And I don't know if you have you have seen any videos maybe on you to be fewer following somebody who was talking about training or maybe on Facebook or you have done a course whatsoever. I don't know if you have seen anybody using monopolar coding. If you did, if the chart, what the dead person was using to explain strategies, it the charge was a monocular coding like this one with any other color, of course, yellow, pea, and blue whatsoever, then that person was using the Sphinx relation charting. Okay. But his broker didn't provide this service. Normally, there is no disservice. As I told you already, saw when that swing relation chart, relation coding is not not available, then you will use monopolar coding. Okay? Because as I told you already, it doesn't matter. You can forget the colon. You just have to concentrate on the highs and lows of the bar. Yeah. If you are looking for a swing higher than you have to find this kind of setup. There. You will find a bar with a higher high compared to the bar before it and compare to the bar after it. That's it. If you are looking for a low, then you have to find three bars. Then there is one bar beta lower low compared to the previous bar and compared to the bar after it. Here we did it next bar, but we have streamed to them to the, to the bar after it. So as you can see, it's nothing difficult. And of course, again, you can choose your favorite color. It doesn't matter. I use it black, but you can use whatever you, whatever you like. Because coding it doesn't matter. You just have to concentrate on the laws and the heights of the bars. This is nothing special. As you can see, this is nothing particular. You just have to manage it by looking at the highs and lows. Okay? So let me just put back your, for you, the colors so you can see that is the same thing. This, let's make it blue of course. That so as you can see, is the same with the colors. There is nothing different. It's all the same. Okay. Up, down, up, down, up, down, up, down. Okay. So that's it for this video. Thank you for your attention. I wish you a great day and see where the next one, Bye. 6. First Class ends here: Hi there and congratulations, you have done the course class. In this first class, we have been talking about technical analysis. You have started to learn the basics of technical analysis. These parts was a little bit, let's say not very exciting. I know that you would like to jump to the strategy straight away, but believe me, you will need this knowledge for the next classes, for the second and the third class. From the second class, we will have a little bit more action, okay, there will be still a little bit of technical analysis, but we will also talk about how to enter and how to exit trade, okay, by utilizing trend deviation, sorry, trend variation strategy, which is one of my favorite strategies. So if you have like this class and if you would like to go on to learn technical analysis skills and they trading strategies, this you add the next class, Bye.