How To Start Your Trading Day With An Edge | Urban Forex
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- เผยแพร่เมื่อ 18 ต.ค. 2018
- In this webinar Navin goes into how you can start your trading day with an edge using correlation. Many people are often a bit clueless on how to start their trading day and how to find good pairs to trade that day.
Correlation plays a big role in this. Of the advanced long term students there is no one who starts their preparation for the day without using correlation.
Navin explains why correlation is so important and why it is so useful to use this as a way to start the day.
In the educational programs Navin explains how the correlation numbers are created, but for those who have already mastered it - or those who have less time in the morning to do this manually - there is a hack that Navin also shares in this webinar.
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//DISCLAIMER
This video expresses our personal opinions only. Trading financial markets involves risk, and is not suitable for all investors. We are not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action, and any trades you decide to take are your own. - แนวปฏิบัติและการใช้ชีวิต
I've been part of Naveens MPA course student for a long time now and i have had another aha moment. What a guy! Never fails to amaze me! Teaches all this stuff for free when people would charge this knowledge. Thank you Urban Forex!
Great to hear :)
Hi Navin
I like your training and knowledge about the market help me a lot, but can you not say the name of GOD in the video's, please. Thanks.
I'm sure he let it slip as an expression. Sometimes it is too engraved in daily expressions. Hope that you didn't get offended in any way as it was not his intention.
wow and ah ha! @Ifti - did you have prior knowledge of the markets before starting the MPA course? looking to start it in the coming weeks.
No knowledge at all
When I get started trading and making profit I'm gonna pay you for your course even if I watched every video you made, which I almost have already. That's how much I value your lessons. I've seen every teachers strategy and content there is on you tube and applied them to live demo. You are buy far the best!! I'm very grateful to you, keep up the hard work.
Thanks for your kind words! Looking forward to seeing you in the course :)
Hi Navin, have been trying to learn about Forex for a month now and your video above has been brilliant. Love how you teach no BS straight to work. Thanks so much and can't wait to keep learning from you.
Great to hear :)
Good morning buddy, I’m so so glad I found your video. I gotta share them. You are a good guy. Thanks for the free lessons. Luv it!
Thank you for your kind words :)
Thank you Navin. may god give you best reward.
Thank you for your kind words Saifur :)
Good stuff!Thank you Navin!
👍
Hello, I'm totally in awe, of the coaching, I'm starting to understand how to start a trade with an edge, thanks to your amount of research information, and strategic movements. Think I love this stuff.
Thank you for your kind words Annette :)
Speechless.. just pure gold, I feel I just became real wealthy after that. Be blessed Navin.
Nice! :)
Navin, to be factual, this seminar is a game changer for me. I now clearly know when to trade and when not trade, when to enter and when to exit a trade. I can now know if price is going to breakout of a level or not due to the signal the strength meter is giving. Thanks so much.
Woah, that's great news! Keep up the good work :)
This is a correlation made simple and understood at a glance. Is the positively and negatively correlated pairs in just a most minute. Thanks Navin for this wonderful teaching here.
No problem, I am glad that you liked the video:)
I'm now addicted to Navin sir videos, watching one recording in the morning and one before going to bed.
Trading tycoon.
That sounds great! Keep up the good work:)
Wonderful webinar navin, Thank you
Thank you! Appreciated :)
Navin sir u r gem for me . You're teaching methods are excellent. Today's webinar I enjoy all your teaching technic . All this one hour I had ah ahhhhhhhhhhhhhhh---- moments. Great work. always be happy. Wishing more to learn from u.
Great to hear! Thanks for your kind words Ravi :)
Thanks so much Navin, Iam looking forward to see the Androide version. God bless
We are hoping to release an Android version in the next few months :)
If you want to be kept updated on that, make sure to register here: www.urbanforex.com/p/fx-meter-android-launch
I legit love you!!!
Thank you for your kind words Prime :)
Navin is a great mentor and a funny guy.
Thanks for your kind words :)
Nice webinar Navin, please keep it up.
Thanks :)
It is interesting to hear that you will be adding the example sets here in the courses in the 4CB. You are indeed the best, Navin.
You're welcome :)
Always on point navin
Glad to hear :)
Great content very easy to understand by breaking the chart into piece by piece and dig out the juice. Thank you Naveen and your team.
Glad you enjoyed it!
thank you Sir Navin. your Webinar you upload here really help me for my studies. im a beginner but i really learn a lot to you. thank you.
Glad that you did! Keep up the good work :)
Navin, I have been following you for years and got MPA and 4CB with ZERO regrets. You put solid gold in front of us to devour and it’s so obvious that you’re doing what you love when you teach. The main reason for this comment is to bring everyone’s attention to 25:59 and 26:03 minute marks. I follow you for your trading wisdom, but I love you for those “ohmygod” sounds you just made. Ahahahahhahaaaa.
Thanks for your kind words and suggestion :)
Hi Christa great comment, can I ask what 4CB is?
4 Course Bundle is a bundle of advanced courses for people who have already mastered the Mastering Price Action course :)
awesome, thank you!
BEST OF THE BEST
Thanks for your kind words :)
Navin, thanks. I am enjoying trading now like never before.l because any time I make a trade decision I have confidence after watching this video. Thanks again.
That's great to hear, glad you are benefiting from the videos.
Great trick that I am doing for myself to practice the correlation - I am doing my own numbers(analysis) prior to Frankfurt open - and i am comparing it to the FX meters ones . Great practice .
Sounds great!
Hi Nevin. Even if in many times, the video lagged and the voice was in advance compared to the picture, but generally speaking, you deserve more than thumbs up. I keep learning from you, let's take the big boys down Man! Thank you
Great to hear! :)
Navin you are good in makibg people smile and lough when teaching,im happy with how u teach and im geting beta and beta with the leassons i get from you.im still compiling some cash so that i can get some education URBAN FOREX.thank you.
That is great to hear. Keep up the good work:)
I don't need to watch it first before I can comment or like. Urban Forex you're the best Forex institute in the world. Lots of love.
Thank you for your kind words :)
So interesting to see how Market beats was developed
Hi Naveen. I am big fan of your trading style and the way you teach is fun and enjoyable, I have spend thousand of Rupees in India just to learn all the secret of what big Boys are doing and your video gives me aha moment every time i watch .. thanks for everything brother, Shukria..
Glad to hear you like it :)
After started watching your video's I am seeing lot of difference in my trading style. I feel sad that TH-cam recommend your video very late. Feeling so lucky I got to watch your video's. Thank you somuch Naveen for your wonderful videos..🙏🙏🙏
Glad that you were able to find us :)
excellent info. great app.
Glad you enjoyed it :)
....after few loosing trades I can now understand what Navin think, when he said in one the best courses MPA:”Look on the charts with birdsaye wiew.”
Thanks a lot
You're welcome :)
Nice information mr.Navin in finding the strength of the market should i use the daily or the 4hrs? im confused since you used the 1hr to find currency strength visualy
21:02 is When the aha moment kicked in! Amazing stuff Navin, this cuts months/even years off the learning curve. Blessed Brah! Hahah love your humour, and would love to meet you. Where are you these days?
Thanks for your kind words! Glad to hear you like it :)
Navin is in Dubai now.
very nice video🖒👌
Glad to hear :)
I really hope I can make my breakthrough with Navin. I just purchased the 2.0 course.
That is fantastic to hear and I am sure the MPA 2.0 will give you many Aha moments:)
worderful man
Thank you for the kind words:)
Im not a member of Naveen's Courses, Unfortunately i joined another before finding Naveen. Love this guy!
👍
Than you Urban forex
You're welcome :)
This is a big secret revealed by the Forex genius here. God bless you, Navin.
You are more than welcome!
Thts the real deal
Thanks for your kind words :)
Awesome! How can I find my edge as a trader?
First you need to get a basic understanding of how the markets work. Then you start to apply your knowledge on a demo account. And by doing so you will slowly find your edge :)
A trading edge is a technique, observation or approach that creates a cash advantage over other market players.
great explanation, so helpful every time. thank you! your name in hebrew means "we will understand". thats intresting :)
That's funny :)
A like even before i see it!
Francisco Dias me too aghaha
Wilkin Javier ancious to see this 😍
Haha! Nice :)
I will use correlation
That's great to hear!
I'm not sure if you have discussed this in any of your webinars but It would be good to hear you discuss how you handle Tax , of course It would be different depending on which country your from but Would be nice.
Perhaps something we can talk about in the future :)
Hi Navin when trading 15mins should i find the strenght of the market in the 4hrs and if i trade 1hr should i find the streght of the market in the daily? Highly appreciated
Please Navin may i request that this video be added to our 4CB course, Why? I have been on the Correlation studies for close to a month now, but going through this video has given some aha moments effortlessly. I appreciate bro
Glad to hear that you had your Aha moment here. Sometimes we already learned the subject and we just need that trigger to make the magic happen, and for you it was this webinar ;)
Great Vid, please hurry with the Android FX Meter App
We are hoping to release an Android version in the next few months :)
If you want to be kept updated on that, make sure to register here: www.urbanforex.com/p/fx-meter-android-launch
Hi navin can you please mention the time in GMT when we have to check currency strength in morning ???
Before the session you plan to trade :)
Hei Navin i have been enjoying your youtube videos and I was looking forward If I could be part of a webinar in the future?
If you sign up at www.urbanforex.com we will let you know about future webinars :)
Nice one Urban Forex! Thank you!
Navin said Aud/cad(down), Aud/Nzd(down), Eur/Aud(up), Gbp/Aud(up), the rest were ranging, so there were 4 pairs out of 7 Aud pairs which indicate Aud is weak. May I know is Aud/Nzd considered (down)? because in the end data shows that Aud = -3
I'm sorry but it is hard for us to provide quality support over a 1h long webinar, but you are right that AUD was weak currency overall in that period :)
what broker do you use or recommend ? im new to forex and im intrested in learning more thanks !
Navin is using Interactive Brokers in this video :)
Great trader one question naveen what if correlation setup change before session or what should we do more to make our research at right way for example if any inverse pair is getting strength
Best way would be to stay on top of the correlation at all times :)
Hello Team Urban forex
can you please provide me with the course containing all of navins free webinars as discussed in the video prior to the webinar
i would be very thankful
thankyou
lots of love from pakistan
Here's the link: www.urbanforex.com/offers/7Sd42HzP
thank you so much! WTF momment again
Glad to hear that you liked the video Marina :)
you always make sense Sir. i just can not understand why there are few people on your channel. You have got knowledge and you know how to make it easy!
or just use a currency strength meter!
🐱🐈Beautiful. 🐠 Like👍
Great! :)
Gr8 Information! Has The Android App Come Out Yet? Or Can The App Be Downloaded To A Laptop?
We are hoping to release an Android version in the next few months :)
If you want to be kept updated on that, make sure to register here: www.urbanforex.com/p/fx-meter-android-launch
I usually use 15minute / 3minute Time Frames to trade. What Time Frame should I use to know how strong or weak are the currencies, like the Elite community example? A bigger boy Time Frame, like 1hr? Or with the same 15min is okay?
For the overall flow and strength of a currency, we generally use the higher time frames such as the Daily. We actually have an app that shows the strength of each Currency each day. Please email us at info@urbanforex.com for all the information on this.
Quick question. If my trading timeframe is the 1 hour then do I do currency analysis on the 4 hour timeframe or the daily?
Correct :)
Hi Navin. The strength of the currencies? How do you manually work that out? (NZD - +5 Ozzy - -3?)
Do reaech out to us at info@urbanforex.com. We will show you an app we use as we use it to determine the Strength Number there :)
Navin, Do you have courses for equity trading or equity swing trading?
Any of the principles taught by Navin is applicable to any kind of market. In fact we wrote a short article about this. Check it out: www.urbanforex.com/blog/urban-forex-education-suitable-for-trading-on-all-markets
if we are trading in Indian stock market (not Forex), How to find out the right sector to pick the stocks...This is the question I have since the beginning
Normally, with any trade, we just look for the setups each day that look ready to trade and go with them. No matter what the sector or pair it is.
Thk navin 1 q somone ask you in the webinar did you use indcateur you said no but i saw atr indecateur in your trading plateform
That is only used for exits and only sometimes :)
Thk urban f
Sir plz tell me in which broker you opened your trading account ?
We only recommend brokers we have experience with or brokers that long-term members have experience with. Having said that, none of them are flawless. Also, we are on no Introducing Broker program. They all have their pros and cons, but these are ok:
Oanda
FXPRO
Dukascopy
IB (Interactive Brokers) (Navin's Preferred Brokerage, he uses it himself)
This article will give you an overview of each one including their pros and cons.
www.urbanforex.com/blog/recommended-forex-brokers
Hope this answers your question :)
Does FX meter app consists of INR pairs like EURINR,JPYINR,USDINR AND GBPINR????THANKS
It includes these currencies USD, CHF, EUR, JPY, GBP, AUD, CAD, NZD
What a shame the CHF pair's weren't looked at haha, still another great Video. I have a question about the increased volume/price action across all pairs - perhaps not so much volume, does this increase in price action happen on a timely basis? perhaps monthly or quarterly. Thanks again for another great video!
Edit: I see the CHF pair now and man Navin crack's me up sometimes, from saying things like ".........and that's how I make my money" after being disconnected, to "and we're sitting here, and we're like wow ok when can we sell this thing" when talking about the Bitcoin hype.
On most days there is increased volatility (= higher activity in price action) :)
The UK and US opens, at a guess, play a big part in when this can occur. Thanks!
The Asian open (Either Japan, New Zealand or Australia) also plays a role :)
If someone will trade in commodity which instruments to take as correlation ??
There are generally still commodities that correlate with one another. However commodities are not where we specialised in, we are unable to give a solid answer on that :)
Been following you for awhile and find you to be very knowledgeable. I have a stupid question, please forgive my ignorance. When you get historically daily information what time does it apply to? Let's assume you download historical daily for AUD/NZD is that the London market "day" or US market hours? Because, if the markets are 24 hours at what point constitutes the "open"/"close"....
That's not so important for the strength numbers, because they very rarely change based on one candle alone :)
Thanks, I understand
Shouldn't the currency strength be on the 4hr chart if hes trading the 1hr chart?
He is using another approach. But generally, that is the case, yes :)
hello thank you for this video but i cant understand whats the majority of pair??can you explain if its okay??thanks
Could you point out which point in time of the video you are referring to?
@@urbanforex 16:10
Majority of pairs = most of the pairs
Is Your course is available for stock trading
Yes, you can apply the concepts from our course to stocks as well:)
But i cannot seem to see the examples you promise to add to the recordings
They are on the same page as the recording, which you can get here: www.urbanforex.com/pl/46777
in doing correlation for the day i have found so hard to use that information of whether to pair weak vs neutral or strong with neutral, but what i want to know is for a 15 min timeframe trader isn't it possible to use information from an 4hr chart correlation. then from there i check a pullback from a neutral pair in 15mins
You can look at the strength numbers of the 4H, but not the whole of correlation. Strength numbers is only a part of correlation :)
thnx for responding to my question UF team. but to be honest i failed to get what you are saying when you said um not supposed to look at the whole correlation.
as from yo response u said "Strength numbers is only a part of correlation", what do u mean by that as well.
if possible please assist me with the timeframe which i am suppose to gather the strength numbers at such that i will then use that information to match strong vs neutral or weak vs neutral, if i am a 15 min chart trader.
1. The strength number is one of the technique we use from correlation. There are other ways to use correlation as well. These are all explained in the 4 Course Bundle.
2. If you are a 15 min trader, you can check your strength numbers on the 4 hours :)
Does this work for indices ex. Us30, SP500, Nas100, etc ?
Most of the principles that Navin teaches are applicable to any kind of market (although Correlation is slightly different between Forex and most other markets). In fact we wrote a short article about this. Check it out: www.urbanforex.com/blog/urban-forex-education-suitable-for-trading-on-all-markets
Can we use mastering price action course techniques in commodity markets?
Yes you can :)
@@urbanforex how about equity markets in India?
Yes, any of the principles taught in the courses is applicable to any kind of market. In fact we wrote a short article about this. Check it out: www.urbanforex.com/blog/urban-forex-education-suitable-for-trading-on-all-markets
Philippines❤🎉
Sending our love back to the Philippines! ❤️
i promise i do correlation before i trade every day
Great!
Hello Pravin
I m ur subscriber n also using ur fx currency app. Yesterday on 27/04/ Tuesday, I place a trade on GBPNZD SELL, after few analysis based on GBP -3 and NZD strongest 7.
But I lost my trade cause GBP went up ?
Can u explain why it happened pls ?
Thank u
You'll have to remember that the strength meter isn't an indicator for us to get in on a trade. The strength meter is a filter that we want to use for our risk control. For example, once we have established a territory, and as we are gauging the pullback on the Trading Time Frame (TTF), we will only at that point, check if the strength meter agrees with our big boy's direction or not.
The priority would still be on to apply the concepts of the Mastering Price Action 2.0 course.
I hope that makes sense.
If you would like more information on the Mastering Price Action 2.0 course, please let me know.
Also Mr.Navin when choosing the strenght of the market like EX: JPY 4 is strong, 3 is weak, do i have to choose the majority or minority or JPY strenght is 1 or neutral? sorry if i ask too much questions. I just want more knowledge in picking trades and knowing the strength of the market with out the fx meter.
Ho Joseph, please send us an email regarding this to info@urbanforex.com and we will be glad to assist. 👍
will do thank you
just trying to self learn from these videos before i try to join the mpa 2.0
I can definitely appreciate that you want to try it yourself. I can respect the work ethic. However, if you need any help please email us at info@urbanforex.com
@@urbanforex Hi ive already sent an email about it already at that address, thank you for replying here😁, im just waiting for the reply from the mail
If I wanna close my trade in 1 day, in what time frame should I see using this app?
You would want to use the 4hour's number then :)
@@urbanforex thank you it's a great app btw
That is great to hear that you like the app:)
on checking my correlation on the daily chart in the morning, can that information workout well for some one who is trading on a 15min chart?
That could be applicable but we still have to put price action as our priority. If the price action and the correlation are align, we will have a much higher chance of getting the trade to travel further :)
This is legit.
Thanks :)
Hello Naveen. I'm portuguese and i'm intended to be a student of your fabulous course. Your students have free access to FX Meter? Thank you very much. Paulo
No, our students do not have free access to the FX meter.
If you would like more information on our courses please feel free to reach out to us at info@urbanforex.com. Thanks
(102) thank you teacher 🍎
Wow! You are around 24h per day. I see your comments on any hour of the day :)
@@urbanforex well I"m keen to learn, I want to be like you guy"s..And with your help I'm slowly getting there..Thanks for the comment..Means alot to me..Have a great chrissy..
I'm sure with patience and hard work, you'll get there sooner than you think :)
@@urbanforex That would be so lovely..thank you for your support (❁´◡`❁)
why does the example sets wont show up?
Hi, please send as a support ticket regarding this to support.urbanforex.com. Thank you
how do I get the meter strength for android Navin?
We are still working on the Android Version, you can register here to receive a notification when the Android App will be ready:
www.urbanforex.com/p/fx-meter-android-launch
what does this plus and negative numbers mean?17;38 time
Those are the currency strength meter, negative means a certain currency is weak :)
Can someone tell me how to join the webinars?
You can sign up at www.urbanforex.com :)
How to see correlation in commodity markets?
You have to find what influences each type of commodities. You will have to research on this as we manly focus on forex. Sorry about that.
@@urbanforex it's okay
how to make this morning research to take the right move?
What do you mean exactly? :)
@@urbanforex how to collect data and what kind of data i need before intering the market?
Do the full analysis with all the Mastering Price Action tools, then do correlation (as taught in the 4 Course Bundle) :)
i don't get it after you find out where the order flow is. what do you do with that information.
With that knowledge you know which price areas have relevance. So you know that in the future the potential for trades to play out is in that area :)
@@urbanforex so every morning a hour or two hours before New York open . you want to see where the flow is. So for example money is flowing into eur and the same time flowing out of USD based on the 1hour analysis. Are you going to trade eur/ USD based on the 1hour flow. Or used the daily flow by matching strong to neutral or weak to neutral or strong to weak. But used the 1 hour flow fo confirm the daily pair trade.
Generally speaking, if we use the Fx Meter, we will use the daily numbers for the 60 minute timeframe :)
i try to order the MPA cours it's not work for me!!!
Can you send us an inquire to info@urbanforex.com so that we can assist you further? :)
Wheres the waiting list for android?
We are hoping to release an Android version in the next few months :)
If you want to be kept updated on that, make sure to register here: www.urbanforex.com/p/fx-meter-android-launch
PLEASE DO IT FOR ANDROID TO
We are hoping to release an Android version in the next few months :)
If you want to be kept updated on that, make sure to register here: www.urbanforex.com/p/fx-meter-android-launch
big Ahaaaa
Fx meter only show 4 hrs & daily currency's strength so how I use it in 1 hrs time frame
If you are trading on any timeframe lower than the 4hour's chart, you can use the 4 hours number :)
@@urbanforex so if a pair have a positive number like +5 it means we only buy it
Well, a pair will not have a number, it will be an individual currency that has the number. So, having that said, if your currency is +5 that means its strong so you would want to find a pair to trade where you are trading that currency's strength. So, for example, if USD was 5 then you would want to buy USDCAD or sell EURUSD. I hope that makes sense.
@@urbanforex yes it makes sense
Thanks :)
💯💯💯🎉🎉🎉❤❤
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