How to Effectively Use Metastock for Your Market Analysis

Okay, welcome guys to today's or this week's coaching session, how to use MetaStock for daily analysis, right? This is pretty important. All the traders in the Maximum Alpha program do get access to MetaStock. And I know I spoke to Chris a couple of days ago, having major issues getting in. The way they've set up the login process is a little bit backwards, and I completely understand it. But if you just get past that stage, then this is what you're going to end up with. It's a way to analyze the markets effectively. It's going to save you endless hours sort of looking for templates and things. This image is the perfect setup, right? And you know, where you've got three screens, you can break the data up across your pages, then you can actually see what's happening, you know, across, you know, your various templates and analysis. Right, let me just get into this. Now, when I've sort of spoken to a bunch of you about, I've just been sort of reading up on some news there. What do I do on my sort of daily routine? Okay, now, if I'm in a bit of a hurry, which is occasionally not that often. But what I will do is I've set up the templates, and most of you should have a similar sort of setup, I will go to the first four tabs I've got here. Okay, or I should say that aptly, but I'm not even sure what that is. I've never really clicked on it. But the majors out like News Double, Follow the Trail, Majors Hourly, Indices, Commodities Hourly, right? They're the first four that you would go to just to get tuned up each day. And then I would include, you know, you've got the Majors Daily, the Indices, Commodities Daily, Economic Calendar. These are the main pages that you will be using. Right, so now to analyse the markets, right, you've come back to the screens, you haven't had a look around for a bit, you've probably been looking at where the instruments are on your mobile phone, or you're taking profit or whatever it might be. But when you come back to Metastock, right, and I've got everything on one screen here to make it easier for this presentation. But you are just generally having a quick, I just have a quick look around what's going on, right? Now, with that, right, there's no need to go digging for a whole bunch of things, because we do have, you know, you know, the economic calendar, you know, what's coming out, right? So I'm not looking, I'm not looking for really that much information on these things at the moment, right, and we've got the CapEx coming out. What I'm looking for is just general news, like what's going on here, and I'll have a look. Okay, Qantas begin retiring A380s, Fed Governor, Lisa Cook responds to White House. So there's a few bits and pieces there, nothing really, like, this could quite often be a sea of red, especially when Trump's involved. Then the next thing I'll do is I'll come over to Follow the Trail. Now, it's called Follow the Trail, because you can follow the trail of the market, right? Now, I have this side over here with the, you know, all the cross currencies in there, and their various crosses, just so I can actually see what's going on. You can see Aussies, like clear as day going up against everything. The Yen, right, it's having a pretty good day. And that's sort of where we are. And the CAD is actually going down against everything. So that's more for me to go right, okay, I'll have a look at that later. Maybe I will, maybe I won't. But what I'm looking for with Follow the Trail is, and once again, I'll keep referring to this, I did build the live signals page with a few features to actually cover this, right? Poor trading conditions. Now, a lot of new traders to the market don't understand what that means. That means like, just be careful, the markets aren't lining up properly, right? And they're not behaving properly. That doesn't mean they're not moving around. But you're trying to, every time you trade, you're trying to get the odds in your favor. When you got poor trading conditions, it can be an imbalance, right? And so, and what's been a bit of a focus, so we've got the North American equity futures. Now, I've got two pages for this. Okay, let me just explain this one. Then I'll explain to you the global markets because this is my shortest summary. Now, for those traders who are recently new, the US economy or the US markets are the epicenter of the global markets. Everything emanates out from that. So if you see the North American equity futures going up, you can be pretty sure the Asian equities and the European equities would also indices be going up as well. Then, so but we're looking for this. So since 2008, 2009, the media in the US coined the phrase, we've got risk on today, which means basically the equity markets were going up like people were happy to buy equities. That means there was risk in the market. If equities were coming off, it's like it's a risk off day, you know, they're selling equities. But and the connection between that is, if you think of and you go through, this will tie together a few pieces of the course, right? Trading the macro fundamentals, right, connecting the relationship between the bond markets, interest rates, equity indices and currencies. That's what this page does. The course will explain that to you. But this is actually it in real life. Now, the equity, so the US bond markets are lower than where they were even a few days ago, right? So that's a lower dollar, right? Lower interest rates in the US. Now, Stephen, lower interest rates in the US. What does that mean for equity markets? Put you on the spot. Sorry about that, mate. Might have snoozed off. No. Okay, what it does is so I didn't mean to put you on the spot there. So lower interest rates means people have got more money to invest in equities, right? That's what happens. So lower interest rates, higher equities, that's the same in every country. Okay? Now, if we get a lower interest rate, you've got a lower US dollar, lower currency value. That's the general way of it. So if the treasuries are down, the dollar or the dollar pairs, and I've only got the major pairs here plus the dollar index, they should be going down and the dollar block, which is Euro, Sterling, Aussie, Kiwi should be going up. Now, this is where you see some anomalies, right? Using MetaStock, you can actually sort of see what's going on. You're like, okay, so there's a few things going up here. The old Russell, which is not a major factor here. It is a component of the equity futures. And then you're like, well, there's one old Bob here, old Sterling, right? You might be thinking, what's going on with Sterling? And then you have a look over here and you're like, well, Sterling's getting a little bit tasted. So this is where I come back and I'm just having a look. I'm looking for things that stand out like a sore thumb, or I'm looking, and actually I was going to say or something else, but if you've got a very clear risk on profile, the number one will be going up. You'll have these first four, Euro, Sterling, Aussie, Kiwi going up and all the dollar pairs going down. That's like a pure market. You feel confident in that. Outside of that, we're looking for anomalies. Most of the equity futures, NASDAQ, Dow Jones Mini, S&P Mini are all sort of going up. That's pretty close to being pretty good. Then you're like, hang on a second, there's not much going on, but Sterling's going down against a few things. It's going up against the CAD, but everything else. That's where I'll sort of come back and I'll go, right, let me just come back to the news here. Front page is what I'm on. You've got NVIDIA, I'm just looking for something on Sterling. Or you can flip between the various things and come over to say FX, Sterling dips, currency markets, look to the US for clues. That's sort of the headline, nothing too much. Or you can come into regions, and you can come into United Kingdom and actually just get all the UK news. Then you can sort of pinpoint, and this is probably it actually, Britain plans new Bank of England objective to support payments innovations. Maybe not, I feel it might have been, but UK's July auto outputs falls as week exports and shutdowns way. You sort of, what you're trying to do is piece together the story. And that's what you're doing with your templates. So with the news, FX news, you probably usually, like as I said, the US usually dominates the news there. So you want to check that out. You get the central bank news, which is a little bit more important to us. US inflation remains elevated. And this is where you get to take a little bit of experience and you go, well, the PC price index numbers were like marginally higher. It's not like there was massive inflation going on. They will try and sell anything or put fear into the market. That's what they're trying to do. And like the Don, time to teach Canada, you can't do this anymore. Like, what is he talking about? There's news items you want to read and there's other things you don't. Usually the central bank news is a key part of it. Okay. Obviously the front page gives you a bit of an overview of what is going through the market, right? So if I can't find what's going on in sterling, I'll be like, righto, if I don't know what's going on in sterling, maybe I won't be trading that. Now, once so, and I'll just explain that. I would usually do that in, I would usually take about one or two minutes tops on this page. I'll follow the trail. I'll be like, okay, 30 seconds. I'll just have a look and go, right, what's, what's going on here. And I'm just sort of trying to piece together what are the futures doing? Is there a risk on profile or not? Do we have, basically, do we have good market conditions or not? Right. And then you're like, all right, commodities going up. Right. That's all I'm looking for. I'm not looking for the definitive answer at this point. I look at the major currency pairs and I've got these set up with the dollar index over here. Then you've got dollar, like the dollar, the pairs, I don't know if you guys are familiar with the, with the terminology. You've got the base and the terms. The base is the currency is the first currency of the quote, and the terms is the second. So at the top, all the currencies where the dollar is the base, that's what we're looking at. Dollar Swiss, dollar yen, dollar CAD, and euro, otherwise known as the dollar block, where the US dollar is the terms, the second part of the quote is down the bottom. So what I'm looking for, why have I got them like this? Because they correlate just because the way they're quoted. Right. So I'm looking here, I'm like, okay, yeah, I can see Sterling's under pressure. Euro is getting dragged down and the correlations here are very tight. Right. And then I'm like, wow, the Antipodeans, well, Aussie's holding up. We know why, because the Aussie CPI numbers were good. So Aussie's outperforming all these other instruments, especially, you know, Euro, Sterling, Kiwi's hanging in there a little bit, but still Aussie's dominating. What I'm looking for when I look to the majors is, is the dollar doing anything special? Right. Is it doing the same thing across the board? That's what I'm looking for. Right. I've got the dollar index up, which means that Euro should be going down. I've got Euro going down, the beast going up, dollar CAD's back in the group going up. And Aussie, that'd be like, hang on a second. That's something I've got to look at. And then you see Kiwi's holding up a little bit because of the Aussie's holding up, but it is sort of a little bit lower. Right. This is where I sort of focus my attention. And I know from yesterday, the CPI was good. So I'm like, okay, now, if you've got the template set up like this, and you've got the pages open, then you're most likely going to flick through them. Right. And you have a look here, like the indices market is big. Even if you're not trading it just for direction, right, tells you a lot about what's going on with the dollar. Right. And this is what's a little bit weird, right? Indices have been coming down. And now they're a little bit higher. Well, that's a should be a lower dollar. Right. Are we thinking that you guys think a lower dollar? That's what you just said before. Yeah, well, it's actually the dollar is a little bit higher. Right. So that that is where you get into poor trading conditions. Right. If the dollar is higher, and equity indices are higher, it's like that's that doesn't match up. Right. There's something sort of a little bit weird there. So all I'm looking for, when I come to these, Can you just explain the weird bit? Like, you know, like, it just the fact is, it is not going the right way. Is that what you mean by weird? Yeah. Oh, sorry. Yeah. Yeah. So weird is different to what it normally should do. Right. Now, 99%, or not 99, 95% of the time, if the equity indices are going up, right, the dollar is falling. So that's sort of what I mean by a little bit sort of weird. And I said, so basically, I'm just using the templates to sort of get a bit of a grasp of what's going on. Now, when I come back to the pages, I'm usually looking like the calendar is my major. This is the heartbeat of the market. Right. So you're looking across the calendar for opportunities that sort of line up with where the focus is. Right. So the Aussies are focused, I'm looking at the CapEx. And then I'm looking for anything else that might impact that. And if there was something else, well, then I would go and investigate using market analysis. I'm then using Metastore. So now if I have an instrument like, so that's the basics. Right. And I know for the basics, for me, it's good to ask the questions, because I maybe brush over things thinking that everyone understands what I'm saying. Quite often, they don't. So Aussie yesterday was a good trade. So this is where I use the rest of the templates. These ones up here in particular, the currency ones to do my little bit of research. Right. So if I've got the Aussie and it's on the table and we've got clear direction on the Aussie, and that's what you get from inflation numbers. Right. So if you see sterling inflation numbers, maybe less so euro, but Canadian, Kiwi, not really Swissy, but you get clear direction on inflation, you get clear direction in the markets. And that's what we're sort of seeing at the moment. So that's where I'll come back to and have a look at the specific instrument that does have clear direction. Now, this is where I sort of set up a live signals to sort of shortcut that process. So you can come in, select Aussie, and then you get the ones that are clear. Okay. Aussie Cat, Aussie Swiss, Aussie Yen. You've got Euro Aussie and sterling Aussie, just a little bit out of whack on the dailies. But now let me just come in here. If I wanted to do that and setting up the templates in this fashion allows you to basically just do your analysis. So all I'm doing is, so why it's coming back to let this thing load, like to follow the trail, this should tell me what to look at. Now, I look at the calendar, the economic calendar guides me into what instrument I should be probably focusing on, especially if it's got clear direction. If it doesn't, well, then I'm probably not trading. If these instruments aren't all lining up properly, and these ones are discombobulating, I'm out. I'm actually out of the game. I don't go and play when I'm not running control. So that's where we come back to then. But if you do have a clear instrument, obviously we can look at the live signals, but I'm looking at Aussie again on the dailies. All I'm looking for is, is this thing behaving like normal? Try and not use weird so much, but it's breaking down here on a long-term chart. Sterling Aussie's going down. Aussie CAD, sort of going up, but making hard work of it. And the Aussie Yen up. So all I'm looking for really on the daily charts is just confirming those trends. Then I'll come back to the hourly charts and then look for opportunities here. And then once I've nailed what I'm looking at, that's when I'll come back in and I'll start zooming into specific instruments to really put into play. So Metastock is only good, or you're only going to use it if you've got these templates set up and you know what they're there for. They are there to keep you in tune. This is, as I said, really the first six, but the first four are the ones if I was in a little bit of a hurry, these ones would be the ones that I just need to have a look. Because if you get into the habit of just clicking on the news, there'll be a feature right on what was the market was generally dominating the news. Then you've got follow the trail. You're looking for that to say, see what's going on, see if market conditions are good. Then you're looking for the dollar, see what's happening there, see if everything's lining up nicely. And why do I do that? Because if we have clear US dollar direction, trading is exceptionally easy. If we don't, then it's a bit of a minefield. Then we need to come over and check our Euro crosses, sterling crosses, Aussie crosses, depending on which ones are in play. And that usually comes from the economic calendar. Right. Can you sort of see how the Metastock sort of ties into where it guides our focus? Obviously, the economic calendar, the fundamentals, this is where direction and momentum can change and come from. That's why we look at that. Then once we know that, then you can come over and use Metastock to do your analysis on the instruments that are coming up that do have clear direction. Questions? Yeah, that's good. So in other words, we can go straight to Metastock. And if things don't line up for good trading conditions, like you just explained, we don't really have to go and investigate anything at all. But if things start to line up where you've got equities going up and the dollar going down, like you said, then we can then come across, see if there's any news, look at the majors, see what's setting up, adjust our trend lines. So if they're not lining up in the beginning, you can actually save time and just leave it for until they do. Is that pretty much it in a nutshell? 100%. You've got to get into that habit, right? You become clinical with your thought process around this, right? You do not want to, like, I like to have a look to see where things are. And if it's all messed up, I'll have a look and see what was maybe causing the mess. And that's as far as I'll go with it. But there is a bit more information there on Metastock in Trading the Macro Fundamentals. This is the key thing that you use, exactly as you said there, Stephen, is looking at, let the market guide you, like follow the trail. If this trail is all messed up, you're like, not doing anything. I'm not, I'm not playing today. I'm taking my toys and going somewhere else. So then by the time you've even come, say to probably these first three, right? A lot of that is focused on the US dollar. So, but you know, from the calendar, where the other numbers are coming out and what's been happening. And if you follow the market each day, you'll know where the key events are, right? Now, just as a bit of a, like a bit of a thing to show you, obviously, there's a couple of new guys, drawing trend lines and these sorts of things. Now, this way, three waves, that's the spot to actually get a trend line. You want this magnetic snap to point on. And then once you've got that, you just click on a line, we just do this. You just click on it once, click on the next, and there's your trend line, right? It's, it's really is child's play. The, so that's where you are with, with the analysis. If you want to, if you want to move a trend line, okay, you click on the trend line and you'll see there's a couple of balls, right? The second one, if you want to move the point it's hitting, you just grab the second ball, right? If you, if you grab the first one, it'll move the whole trend line. Okay. So cause this is the hard thing. Why am I actually telling you this? Because you just got to get through this first, a little bit of learning phase of what these things do on your charts, right? Won't take very long. The, the key one is that three waves. If you want to add analysis on there, okay, you can add analysis to your chart, whether it's moving average or something else, you can change the type of chart and those sorts of things. So the main aim is, and I know people have their own systems. I know Kevin, you, you've used TradingView quite a lot. This is a, an advanced tool that actually combines technical and fundamental analysis in one package. This is, the, this platform is exactly the platform everyone in the banks has, right? They've all got Metastore, right? This is exactly what you're using. And you have the same templates set up and you're flicking it around the place, having a look across the board. That's what you're doing day in, day out. You look at the markets, you're either trading or not. And if you've got an event, well then you would, you would give it some attention. And that's where you just come over to your economic calendar. Let's just see what the numbers, how they come out. And mine's been doing this for a little bit. I don't know if you, if your calendar has been doing that, it does like a bit of a jig and then populates. Now, Kevin, have you actually gone into MetaStock? Have you tried using this? Yeah, I've got it. I didn't want to present with it yesterday because it's too damn slow. Oh, that does, yeah. But yeah, I'm in it all the time. I'm certainly looking, enjoying today hearing you and seeing you in action because that's how I learn better. So I basically have transferred what you've been doing just to have a, to trading view. There's, I can certainly see some other things that I'm, I suppose, you know, I try to break things down to as simple as I can because, you know, you're, you're a lot of words going on here because your experience and everything, but I'm trying to bang it down to, you know, a little bit by a little bit, a little bit, you know, getting it Yes, I fully understand. I mean, for the first time I traded yesterday, based on what you're saying, it was like a, it certainly felt like a breeze trading. You know, the thing come down and just come down and come down. I could have left the thing on by the looks of it, the Aussie versus Swissy. But I saw them all in action based on what you're saying. And it was like as comfortable as hell. That's the first time trading has been like that for me. Watching it in action, I'll just go to, you know, following what you're saying, just trying to get the grasp of terminology. And, you know, that's why I asked, you know, what do you mean by that word, really? Just seeing what you're meaning, you know what I mean? Yeah, no, absolutely. And I was just chuckling there, Kevin, because you're right. That was probably the, that's how actually the markets are normal. That's normal market conditions. See how effortless it was? It's just like, there's the levels. We just need this number. I never felt anxiety for one minute for hours on end. It was just like this thing's just falling and falling and falling. Okay, so you take Trump out of the equation. That's what we have every week. Can you see how much frustration there is in experienced traders? Because it's like, that is exactly how it works. And it's, it's effortless. The nicer trades, there's no rush to like, just jump in, you just get in, you know, where the levels are, you just get into the trade. It's effortless. And that's, that's what we're looking for. So when we come back to the markets, and I'm looking at the news, this is a good point, Kevin, because I'm looking for effortless stuff. News on companies is good. But the less I see Trump on these pages, the better trading conditions are for us. And that is what we're looking for. Because that is the whole story there. Chris has got a question there. So Sterling Aussie or Euro Aussie, if Aussie is strong, and these are the weakest against the US, just my thinking after looking at that, majors hourly list or I'm way off track. So what are you saying there, Chris? You're like, should we be focused on Sterling against the dollar? Just notice when you're going through that thing there that the pound and the Euro look the weakest out of the two, and the Aussie look the strongest. So just, I was just thinking, Euro, I'm actually in a pound Aussie cell holding at the moment. But after your thing yesterday, which I take Kevin's note was effortless. But yeah, that's what I was thinking when you were going through that majors hourly chart. But obviously, there's a lot of other stuff to take into account. But I just thought of all the Euro and the Euro Aussie and the pound Aussie still look like a good trade at the moment. Absolutely. Yeah, yeah. And let's just have a look at the CapEx here as it comes out. The CapEx is a pretty good number as in like it's a business activity, capital expenditure. If that's contracting, then it's not really good for the economy coming up. So what you've got is you've got a situation here. Sterling Aussie, you can see how this thing is really, really having a good crack to the downside, right? And this is where, you know, maybe even a little bit of diversification yesterday, because we had three different instruments to trade, right? Aussie Swiss, Sterling Aussie, Euro Aussie, probably the best setups. I was into Euro Aussie, and it sort of went down and just stalled like a bastard. Whereas Sterling Aussie just kept on going, right? So what we've got here is a situation where so if we get stronger numbers, stronger CapEx, then it should give us a little bit more of a nudge to the downside. One other thing, I mean, what's the time there? We've got one minute. Is with your plan, and you're looking at these opportunities, right? You've got to learn to profit as well. It's a big thing. We had a couple of guys yesterday that were sort of about, you know, 40 points in the cash, feeling pretty good about themselves, and this just sat on it. When you see it stall in the market, right? You've got to just take the cash off the table. And then we don't know how far it's going to retrace. But if you were going to spend any time in front of the screens, you probably have a look at that over the course of the next hour or two. And then you see it's stalling around 60 again, then you can get back in. But you don't need to be sitting in front of the screens all day. But just wanted to say that, because some traders think this is the big one. And it reminds me of the traders in Citibank London, but every trade they did, they thought was going to be big. So stronger numbers here, like 6.5, they are looking for zero, is the forecast, right? So let's just see what the number comes out. Wow, weaker, right? So you'd be squaring up that Sterling Aussie, right Chris? Because that is going to go a little bit weaker Aussie. You would buy Sterling, sell Aussie on that. Okay, so that goes against the general vibe of where Aussie is crushing these things, Euro and Sterling. It's going to give back a little bit of ground. And don't forget, this is not like an inflation number where it just goes mental straight away. This is like, oh, right, that's not good. That's not a good thing. It's like a building block. It's probably, I'd say second tier, maybe third tier number that is actually a key component of what's going on. Then there's a couple of different things, they got the building capex and then the plant machinery capex. Basically, overall capital expenditure is down. And that is a slow burner. So that would take a little bit of pressure off Euro Aussie, Sterling Aussie. Okay. And it won't be like, as I said, it's more of a building block, but that's something to sort of have a look at. And this is the thing too, if you are short, you can have a trailing stop there. But if you see that and you're like, oh yeah, like price action, no big deal. I don't see anything sort of really jumping around. Then you're like, okay, well, I'll just get on with my day. That is it. You don't need to sit in front of the screens all day. You've got the numbers, you see what's going on here. You're like, right, there's nothing else coming out. And one thing with your calendar too, you get a lot of commodity stuff there. So, and it's not rated. So what you can do is come up to your calendar, right? Hit not rated and hit update. And you can just sort of clean up the calendar a bit, right? And like I do on our calendar is, I'm pretty much a lot of the time coming up, just hitting medium, right? So I get all the medium sort of data. You can do the same here. You just take off the really weak numbers, hit update again, and then you can sort of really fine tune your calendar to just focus in on the important numbers. You can also go into event types and take off specific sectors if you wanted to do that. Because there's a lot of different stuff out of the States. I mean, there's so many different sectors, but that's what we're sort of doing. So you get your calendar, you've got the follow the trail. This will become a little bit more apparent to you as we go forward. And what I would do, let me just show you where this is, because this is a, it's sort of, it's getting into the more advanced parts that people don't understand. Sometimes I've presented it, sometimes I haven't, because if I read the audience and they're getting confused on basic stuff, well, there's no point coming into this. And what you're really looking for is this one here, where we sort of go into a little bit of detail. And there's a little bit about corner easing and that sort of stuff. But that is, if you can understand this video by itself, okay, that will tell you everything you need to know about follow the trail and what it does for you. Okay. Sorry, Brett, could I just ask, how did you bring up the news on Metastock there? The news, this template here? No, the event calendar, the event thing. Oh, right. Okay. So did I, I don't know if I set it up on your one. So let me just do this again. I mean, I've actually saved it anyway, but if you just go to a new plus sign, then go to the macro, go to economic monitor. I'll just let it load. Okay. And you can actually save this to a specific setting, right? If you click this, it's like a sort of door, sort of lever. I've got it sort of selected to the major countries that sort of influence things, right? China's in there because it's direct impact on Aussie and Kiwi. Germany's the main number for Eurozone, but I have Eurozone and German numbers. And then you just got the other major currencies, countries. I see. Okay. And what you can do is one of these two, you can reset it, edit it. You can add other countries or whatever you like to do. And then once you've set the countries the way you want to, just click this save button, right? And then see how I've got it saved as G7. Then you can save your own specific currencies. And maybe it's just, say for an Australasian day, you've just got Aussie and Kiwi. You could just have an Aussie and Kiwi data here, right? I used to have templates, six screens. I would have a template for Aussie in the old system. This one doesn't do it, where it would, if I hit Aussie, all the pages would turn to Aussie news and charts and the calendar would be Aussie specific. This new system doesn't do it, but once you've finished that, just come back. So that's where it is there, macro and economic monitor. Because you want to be able to see what the numbers are when they come out, right? That's the whole idea of having this data, right? And if I was having a look around, like even with the CapEx, right? I'm like, yeah, righto. Sterling is definitely under pressure. I'd come back, have a look at the Aussie and like, nah, this thing has not budged, right? Then you're like, CapEx, what a blowout, capital expenditure. So there we are, guys. And I wanted to sort of just have a quick run through this because I do this every day. And when we come back and we're talking about the giving you a bit more knowledge about various different things. I want you to be able to look at the same thing on your screens when I'm not around either, okay? So if you do get questions about how do I do this? How do I do that? Well, then ask, or even come, as I said, come back up to Trading the Fundamentals. And there's a bit of stuff you can go in there. There's a few videos on how to draw trend lines and basically the feature buttons that you need to know so you can actually guide yourself around this. Can you sync the daily and one hour charts so the trend lines on your hourly show up from your daily? No. But you know what? I'm glad you mentioned that because that is what every banker for 20 years has said to them. Can you bloody sync up the charts? And they're like, nah, nah. I know. When they started first developing Metastock in around 2000, I was one of the sort of key guys because I used to use it probably more than anyone. And they're like, well, what do you need? So I was responsible for the snap to point, this thing here. I said, it shits me every day trying to land on a line. So they built that. And I'm like, OK, how about the trend lines? No. I'm like, can you at least think about it? We've spoken to the guys. They're like, no, I can't do it, which is a bit of a pain in the backside. And this is the thing. The other templates, I would have just templates at the top here for countries. And I would click it, and six screens would all change to that template. Now, they've built this new system. I'm going to come in. That's why we've got these things bookmarked, because you can't save it as it is right now. You've got to shut it down, open each one up at a time. They must get asked that question, I'd say, 100 times every day, do their head in. But better to ask the question than not know. Just on that, Brad, you set up everyone with this sort of format or this template. You know how before you said if you've got three screens, you can drag one across and you can look at the news double or follow the trail or the hourly. It'll always come back to the template once we log out, won't it, to the original template? Yeah, well, you can actually see this one here, Stephen. I've got this one. I can just close that, right? Yeah, right. And just go and hit the button again. Or I could get this and just drag it back up to where it was. Right. Okay. All right. Yeah. But don't be worried. If you drag something off a chart, and you're like, oh, that's in the wrong spot. I'll just close it and it can just come straight back up and open that one up again. Okay. Yeah, perfect. That's the idea. If you don't have the bookmarks done, this will be a nightmare because you'd have to go in and you'd be going back to your files and you're like, oh, let me find this sucker. It's in layouts here somewhere. Oh my God, I've got 100 in here. Every time you came back to the screens. So that's what you don't have to do. Good. You set that up in the beginning, didn't you though, for everyone? Yeah. You onboarded us. Yeah, perfect. Okay. So the one where you would be looking to look for your stuff is layouts received. Once you've loaded them, I've got 243 layouts in my system. I mean, I've been using this for 26 years, 27 years. So, and I've culled a lot of stuff, but there's everything you need is in the layouts received, right? And you can actually build out the pages, actually doing that process of setting up one or two pages is hugely advantageous because by doing that, you actually end up learning, gee, how do I do it? How do I make a chart here? You might be coming into markets charting. You've got to get a charter. Like I built all these things from scratch, but you're changing this chart into looking like one of ours where I've actually designed the color templates and everything else. By the time you've done that, you'll know exactly how to use this system. Yeah, perfect. There's a lot of data, I'm sorry. I was just going to say, there's one thing in here too. If you do, like you can come into this and come down to settings and you start to go through the themes and stuff like that. Once you do it, you can come up here to see this templates. You can save the templates for various instruments. And then you can save, I call this the dirty blue, right? Dirty blue, 70 bull bear people on that's my hourly chart. So if I make a mistake on a chart, I can come back to my template and just put it on and then hit the template button and the charts back to where it was. Because quite often, whether it's a technical glitch on Metastock where it goes black and something else, just find one that's been saved. That's the thing there. Or you can compare instruments, but then also go into the templates once you make it a bit bigger. You put so much tech into the platform, say Pepperstone, for instance, with all the data. Will there come a time when we really only just need to look at the news and maybe follow the trail and then we'll do more analysis on the platform itself? No, MetaQuotes is terrible. It's clumsy. See up here, you've got none of the features for actually people. I'd say to answer your question there, Stephen, 95% of people do. That's all I've got. I look at the charts. I'm like, what charts? I'm like, MetaQuotes. I'm like, you're kidding me, right? So that's what they've got. So you can draw trend lines, but- Well, you're drawing them for us with the AEAs on there, Primetime Pro or trendline trading. Yeah, but you still want to have a look. The idea of putting those up is to give you an idea of where support and resistance and these sorts of things. So say, for instance, we're on Sterling Aussie here at the moment. If I went down to Sterling Aussie, oh, there it is at the very bottom. Okay. So then I'll be like, okay, so what's going on here? But I have drawn that trendline in because I wanted to activate trendline trader. So you drew that in yourself? Sorry? You drew that one in yourself? Yeah, yeah. So for trendline trader, you're going to draw the trendlines yourself and then label them. So the ones that come up on the EA, you can't label them. They're already sort of preset. So yeah, man, this is the world's biggest, most used platform, and it is the clumsiest. cTrader is a hundred times better. Not as many people use it. We actually changed our whole systems over about two or three years ago to cTrader. And I did lots of surveys. Everyone comfortable with cTrader? Without researching enough, we could transfer some tools. It was going to cost us so much money, like $40,000 to $50,000. They were talking about building the complex systems we had. I was like, what? And then when I got there, everyone's like, no, this is not as good as MT5. I'm like, oh my God. It was like a year wasted. Changing over and then changing back. It's like a three to six month process both ways. So that's where we are. That's what it is. It's good for execution. It's great for us to build tools to execute so we don't need to sit in front of a screen. Yeah, more for execution than analysis sort of thing. That's all I think of it, obviously. If you asked me, I said, what do you use for analysis? Metastock. What's your execution? Metaquotes. So that's where we are. Yeah. Okay. Very good. All right. All right, guys. Well, that's a bit of a rundown. Well, yeah, let's just crank it up, right? So this is one of the things too. The Aussie numbers have come out. Not awesome, but they don't sort of run with the actual what was going on. So is there much to do today? Not really. You know what? If you haven't taken profit in the Aussie yet, maybe you should think about it. There's not much coming out. There's Jackson Hole Symposium will stall the markets. Sterling does have a B in its bonnet, and you've spotted that sort of, Chris. It's the one that's broken down. So maybe sterling against the crosses is the play. But that's what I mean. Like, think of yesterday. I want you to sort of remember that feeling yesterday, how effortless it was. That's how you, when you come back and look at things, that's what you should be looking for. I want effortless, right? And that's what I'm looking for. I just put another thing into what I've been studying a lot in the last few weeks is just how powerful those, what I call, in my head, it's like, how powerful is this trend line? How many bounces has it had off it, et cetera, et cetera. I've done a lot of study on it in the last little while. And I find it so simple to do, rather than looking at any bloody candles and ----, because that's just confusing as hell. But quite amazing studying what the trend lines, you've been telling us about it, but I've gone to the next level of, how many bounces off this damn thing and when it breaks through it, how strong is it broken through? You know what I mean? The market must be powerful enough to break through this trend line because it's got bloody, you know, months and months and months of bounce off it. Does that make sense? When it breaks through, you almost can, and that's what happened yesterday. This thing broke through it and it's like I had about seven or eight damn touches on the thing in a very short time, compared to some of them that go on for a year. And it was just like, once it fell through, it was like, it just kept on and going. But the other ones that, you know, you mentioned the gyro, I watched that thing and it was just stalled like buggery. And I thought, well, why did that stall over the other one? Whether this is, you know, I've only been in this head space for a couple of weeks, but it's what seems to be yelling out at me a lot. You know, you've got this good news or this lining up markets you're talking about. And then, but it's also coming off of, you know, bouncing off, literally banging its head on and bouncing off a very, or bouncing through. It's either bouncing off or going straight through that strong trend line. And that's the ones you get, seem to get longer. Now you saw me show you a chart the other day. I've been, when I call backtesting, I'll go back and look at, well, what has happened over a period of the last several months? And that's what I'm coming up with so far. You don't have to wait for the market to go forward to look how it responds to lots of, you know, to trend lines. You just look backwards a bit, you know? Anyway, that's what I've been And I'm quite confident now that in the trend line, what is the strong one? And there's some charts there. I just want to chuck them in the bin because they just do nothing much. And that's right. And I'm getting, I'm getting to that point where I'm going, not even interested in looking at it anymore. I'm sick of looking at them, you know? You know, I've done a lot of enough bloody trend lines and looking at charts now to drive me insane, but I actually enjoy it. So I think you just got to do the miles in that regard to start to feel, you know, to start to really understand. And the other thing that I have been doing is putting month on first. That gives you a look at the overall, what the hell is this cross been doing? And some of them you look at and you go, why are we even in this damn thing? Because it's not, it hasn't even got a trend in it. Does that make sense? And then, so you go month and then go week. And then it gives you more of a big snapshot. I went in, my head was stuck in that damn tight. And it was because of the last people I'm working with, we're working with, they were stuck in tight looking for these little moves. And my head was stuck in that groove and I had to go right out and smack right out to the month and then week and then a day and go in that way. That way I had a better picture of the overall currency. You know, what you got on the chart right now is a good example of it, you know, look nice long trend, you know. Just while Kevin's off the trend lines in the chart, do you have a rule of thumb for the colours of the trend lines? Like I noticed you use red for probably shorter term. Often I'll see an orange or a green. Have you got a rule of thumb how long you keep, you know, say a red trend line before it comes to long term? Well, what I've got is, that's a good question, Stephen, is I use red for current close support and resistance. The longer term trend lines, I use a green. And for trend lines that have been broken, I will use an orange. Ah, that's a good idea. Yeah, that would help if we all stick with that. Well, they're going over to that island, aren't they? Yeah, that would really help. So my point in that is if we're on an hourly chart, obviously we just get the hourly, but I've noticed there is different colour schemes. I'm thinking, right now, why are they there? So, yeah. It's just personal preferences as well, you know. Well, I'm just trying to mimic what you're doing. So that way I'm on the same page when we sort of discuss it. But yeah, that's good. Yeah, so if I looked at this orange chart, I'd like to know where it broke, how far below it broke. That's why I won't delete that orange one. But it's orange, and I know it's broken. I've got the red trend line, and there's a massive trend line down here. That is a good way. This is all about building long term. So, build some structure around your analysis is what this is all about, right? And I'm saying to you, you've got four templates here. Now, make them your own. Get your own colour palette, get your own, whatever it is. I'll give you some good examples of what's what, and help you with that. Because I think Kevin's right. When you look at trend lines, I don't think of, oh, wow, it's got that many touches. Every touch, and this is say, start, this would be close enough, three, coming up to the fourth. The more touches it gets, the more people are looking at it. That's all I'm looking at. I'm like, it gets to here, I know the whole banking community is looking at that. And that's so the better the trend lines, there's always a story behind it. And that's one way I think of it is, when I look at trend lines that have got multiple touches, I'm like, this is perfect. I know what everyone's thinking. I know what their plan is. I know how to hit it. And that's what one for example, where the red trend line was broken. Would you not change that to orange? Or is that like a change of direction? Not yet. Not yet. That's a good question too, because you're like, well, it's broken. It's like, well, it is, but still live because that line there is now resistance. Yeah. So until it confirms a change of trend, you'll leave it as red. Yeah. Not orange. Yeah. Okay. Brad, one thing I did, and this might be a negative, is one of the reasons I took Pound Aussie was because it's average true range is probably three times Euro Aussie. So I thought if this thing drops and it moves, I'm going to get a bigger bang for my buck than I would in Euro. Obviously, you've got to take into account, it could go against you as well, and you'll be in more heat. I don't know if that's a good way to assess it, but that's what I did. No, that's exactly right too, because Sterling Aussie is one of the biggest ranging currencies. Sterling against Sterling Kiwi, Sterling Aussie, because they're both quite the same way. So to get that cross currency back in the calculators day before the computers, we'd have to punch all this stuff out on calculators all ******* day long. Someone would say, give me a price in 5 million Sterling Aussie, and you're like, oh geez, give me the calculator. I'd look at the Aussie guy and say, where's the Aussie dollar? He'd tell me where that is. I'd look at the Sterling trader and go, tell me where the Sterling is, and then I'd punch him in and I'm like, all right, here we go. It's like 189.40, 45. Close to 180, 200 pips a day, and the Euro is about 70 to 80. That's pretty good. And they both are Aussie points, so they're both the same. So yeah, that's not a bad thing. Sometimes Sterling might not be doing anything. You got onto Sterling and actually, you got to start calling these things the right name, like pound Aussie. You get out in the pub with that terminology, they'll think you're a lunatic. I can think I'm a lunatic because I've been a lunatic for a long time. I've been called worse. I'm here for goodness sake. Yeah, so sometimes, and this is good, right? You can get on a lucky sort of move. You've coincided with getting on Sterling Aussie at the same time Sterling was experiencing weakness. That's great. And using that ADR or ATR, whichever one you were thinking of, well done because that is actually smart. Can I just ask a question on that? If I heard you right, it's just how much it's moving per the quicker mover. Is that what that really means? The daily range or? Yeah, ATR. In simple terms, it's how quick it's moving for the day. Well, no, the average true range, it does take into consideration gaps and these sorts of things, but what it does is over the term that you're looking at, right? So if you have a chart here, right? And there's a certain amount of data here, right? So from the 18th of whatever that is, August to the 27th, it'll say the ATR for the period you're looking at, and you're looking at an hourly chart, it'll tell you the average true range from the timeframe you've got on your chart for the hour, what the average true range is for that instrument, right? So if you want to go to a daily chart, what's that? Price range? Well, it's the same sort of thing as price range to me. In its simplest form, it's how far will this market move on average over a day? And I just use standard 14-day period. So it looks back over the last 14 days and says, right, based on the last 14 days, this market's moved 200 pips in a day. It's helpful for determining your stop loss, as in being outside the ATR. That's a good point, Stephen, too. You can use that as well, for sure. All right, guys, I'm gonna have to bail here, but it's a good session, right? Everyone's making a bit of progress. Chris is a little bit behind, as in timeframe, but he's actually up the curve. I didn't tell, like, Stephen obviously being an ex-NRL footballer, amazing. Chris is a second fastest in the 1500 metres. Aussie level. Aussie champion, this guy is. We'll get you to give us a full rundown sometime, Chris. Hey, Brad, one more question. Just regarding the information in Discord yesterday around that timing of the Aussie data, there were some good points there brought up by UK Paul. Maybe that's a conversation for another time. But just what you said about Primetime Pro and Trendline Trader. I wouldn't mind talking to you about that another time, if that's right. Yeah, absolutely. No, that's good. And that's the whole idea of these channels, is to get more information out of me, get more knowledge into you. Yeah, for sure. Okay. All right, guys, good one. I'll get this up on the page. Any other questions? We can go on all day, but do you want to go? Yeah, yeah, I've got to get my ass to the gym. I've been working off for months. By the way, this thing is built. There's nothing else, right? So I don't know if you can see it, like you can maybe hear there's a bit of a change in my demeanor. I'm like, Yeah, you've stopped getting up Trump all day. That's a good idea. What's that? You've stopped getting up Trump all day and focusing on trading. Well, you know what? It's sort of weird, right? Yesterday was the first time I'm like, okay, everything's done. What have we got here? And I'm like, oh, here's a nice trade. Oh, it was good. I was like, same as you, Kevin. Yesterday, I was like, welcome back to the market. That's how it is. There's been trades everywhere just that you can get yourself in a bloody mindset of, everybody else is the problem. Well, it's not. The market is the market. We just got to know how to play it. That's right. And that's why we're using these templates to go and Stephen, you nailed it. If this doesn't line up with that, you're like, that's it. You're like 100%. Yeah, go and have a game of golf. I'll just go, you know what? I'm going to call a few mates. I'm going to go to the gym. I'm going to do some stuff. I'll have a look at the charts and go, oh yeah, they look crap. And then you're done. Seriously. That's how long you give it. We love that. We love that bit, Brad. Keep talking that stuff so we can keep understanding that it's going to take us a little while. You've been at this game a long time. The funny thing is you guys have done well in a crazy geopolitical framework. We take that out. Your knowledge is already there. So you're doing a lot more work than probably people would. And it's going to set you up for a much longer term trading career because you're trading through some tricky stuff, right? Difficult times, yeah. All right, guys. Goodbye. All right. Cheers.