All language subtitles for TraderFXBuchacali 001 - 4

losses outweigh them? That's
just a quick recap of the live

how to actually track your
testing, the tracking and then

processes are just the first
step. We test to benefit from

refine and work upon the things
we're doing good and the things

our testing. To collect data
that we can then use to track,

happens within your session.
You should always make sure you

actually going to know if your
strategy is profitable because

take detailed markups of
absolutely everything that

back testing process that we've
just been through. Now the

we're doing bad. So in the next
video we're going to talk about

the losses, it may make you
feel good short term but you're

get the wins along with the
losses because you need to see

cheat within your back testing,
you're only fooling yourself

that, I mean these timing of
the sessions and the days you

trade. Be real with yourself
always and make sure don't

realistic timing for the best
possible results. So when I say

closest we can get to actually
trading live markets without

because we are trading in the
live markets and it's about the

mistakes that you can cut out
of your trading and you're

how effective your strategy is
long term and if you cut out

not going to progress and
you're not going to see any big

is the closest you can get in
terms of previous price testing

it's important to forward test
and also live trade. But this

in them. It's very very similar
to live trading but what it

and you're only damaging your
own progress and make sure you

period of time. The data we
collect is very realistic

test To recap, the reason we
live back test is to collect as

to real live trading. So that
was the process of live back

if you're only keeping the
wins, well, what if the the

trading live markets. Some
important things to remember

when you're doing live back
testing are always to use the

much data as we can across a
large period of time in a small

does is actually draw out some
of the emotion. So that is why

that you have no idea what
they're going to do when you're

live using that bar replay tool
and really get a feel for what

video. And that right there is
the full process of live back

bad and then we learn from it
in our reviews so we can see

software which I'm going to be
talking about in the next

that we see everything we do
good we see everything we do

around this time that for me in
the UK is the market close time

it's like to actually trade
live by executing positions

profits. Which in this instance
is around 4% on this movement

markup as we do and then move
it into our back test tracking

the session. Maybe I'm just
going to close this trade where

testing. You go through the
markets as if you were trading

we are right now. At this level
and then see what we've made in

situation and see okay we've
we've come and filled this

imbalance. We've traded into
this demand zone and we've

down. What we could do from
this point is make a general

actually had a little bit of a
bullish reaction. So because

Closes. Well at this point I
could then just assess the

out of the trade. Now you
should make a note of whether

each candle moves now we can
see we are ranging a little

testing you're not showing this
one anyway and it's for your

point. So this point some
people may be fearful and get

what we can do is the same as
what we normally do here and

so I want to make sure I'm out
of this trade before the market

say okay we're coming close to
the end of the Friday session

then we had these pushes up but
then we started to sell off and

even though I just said was
getting out you know you're not

is why it's good to actually
monitor each candle as it moves

we're coming close to Friday
becoming close to the end of

so we'll extend this over to
10PM, which is going to be

low time frame higher high.
From looking at each candle you

bit. Once again we've had
another push up just over this

very beneficial for you further
down the line. So watching as

go bullish because we've had a
rollover but then we've had a

point in a panic that the
market's going to reverse and

push higher which has
essentially formed a very very

happened. Now a lot of people
may actually get out at this

can see that okay maybe this is
not the right thing to do. Or

going to progress from that
because what the idea is here

position from this point
onwards we have our rules we

because we set the order within
this session that's a normal

you can see we have an initial
push down but then we have a

change things or you say oh I I
marked this up so I'll take it

see at some point on Thursday
we are triggered into the

actually trigger which is what
I would do when I'm live

through Friday's session we had
quite a dramatic sell off now

and when the trades entered
when the trade's executed I

will manage it but until that
point I don't need to actually

because you can see right how
would I react when this

thing to do and then what we
can just leave the order to

on some aspects you may think
okay maybe this is the right

push back up to trade further
into the supply zone. Now this

person you're falling is you.
If you cheat within your back

the sell limit so leaving the
market to do its thing we can

thing to do. And you'll pick up
on habits which are going to be

or not you would have got out
of the trade at this point.

Don't cheat yourself because at
the end of the day the only

growth. So if you cheat
yourself and you lie and you

trade like this I can set the
order and then I can let it run

our order on is just leave the
trade to play now as mentioned

you will have learned in the
previous chapters that is a way

we only want to trade within
our specific sessions but

can then begin looking at the
market candle by candle So as

that I trade so what we can
actually do then now we have

buyers trading to the supply
zone and then sell off right as

running for this valid setup
but what we've now had form is

I like it when we get a range
underneath an imbalance that

dive in and manage the trade
and keep removing and reading

swing trade setup, it's advised
against doing this when you're

trading okay if I have an order
that I want to set for a swing

what we can then do is skip
through and see if the trade

sometimes you may just want to
do this and run through loads

in a position because it's
better to actually run through

zone. What I can see here the
next imbalance supply or demand

We could go ahead and do that
right now if we wanted to do

trading I would be looking at
this as a setup to sell from

and see how your emotions may
make you feel at each different

tells me that we're likely to
break out the range induce

worked out, see if the trade
formulates and see if the trade

and if we follow this rule F a
sell or by limit on the zone.

so. Follow the rule with the
stop loss above the supply and

candle. So, looking this setup
currently then what we've been

zone down is going to be around
this region here. So we could

a range this increases my
positivity in the trade because

showed is that yes we have a
valid setup we'll continue

would take live. But I've got
it in the back test action and

click this button here to set
us forward one candle. Now, if

we do this loads of times, we
will get multiple candles and

wins or loses. What we can do
is use this bar replay tool and

movement like this so I can do
is remove these zones for now

of price action. While that
could be good if you have a

and then back test as if I was
live trading so if I was live

have above this imbalance here
into the top zone. So we want

trade. So what I've got here
now is a setup just like what I

therefore go and target the
area around 0. 72 140 for this

then do is think about this
logically so this is the zone

to be this area here and also
this area here and what we can

okay so for my trading rules
I'm going to be looking for a

to look for for my trades to
continue with this market down

demand zone and a target into
an imbalanced supply or demand

first of all this imbalance
here into this zone but we also

days of actionable trading
planned out on the chart now

and 5PM each day so now we have
our rules and we have our five

my trading sessions for these
example videos are between 7 AM

that broke structure so this is
actually the zone that I want

price with little to no idea
what's going to happen next so

what we can do from this point
is start putting our rules into

to keep an eye on these two
zones. We can then look supply

what we can do this is Monday,
Tuesday, Wednesday, Thursday

we're in a downtrend so we're
looking for supply it's going

practice now first of all as
mentioned and as we've

begin identifying the break of
structure with the trend. Well

with the trend was this
movement here. We can then see

setups were presented to us. So
the first thing to do then is

and demand zones so the most
notable supply zone obviously

we have a few imbalances which
is rule number two. We have

it's obvious to us that the
most recent break of structure

and Friday and trade through
the price action and see what

previously done we will want to
mark out our trading sessions

eyes. We can see that we don't
really know what's going to

happen next right and now we
can see we have a fresh view of

we can actually do to avoid
this and what we can actually

twentieth of September so the
start of the previous week and

we'll start it at 7 AM which is
the time we like to back test

can go back to our given date
let's have a look at the

like to do before I back test
is go on to my pair completely

clicking these arrows this one
and then clicking back to that

squeeze the price flat like
this so we have no idea what's

let's have a look at the sixth
of September if we go to that

date we already know what's
about to happen here right what

as covered in the previous
video then when we unsqueeze

do as a remedy to this is
squeeze the price so what I

all the price action so if we
then use the bar replay tool by

going on either way so we just
simply have a line and then we

then play price forward as if
it hadn't happened yet now when

that is going to then take us
back to that day where we can

if we were trading live markets
by using the bar replay tool.

and then we scale back we can
actually click on a day and

The bar replay tool can be
found up here if we press this

we know the sixth of September
starts here we can actually see

the past press action, what we
want to do is actually scale

setting up your back testing
problem you may have is that

you will see all of the price
action before you scale back to

In this video, we're going to
be talking about the live back

we used previously, but this
time, rather than looking at

the refining and benefiting are
the most important things.

it okay so let's say you wanted
to start your back testing from

back to a given date and carry
out the back testing process as

want to have our rules just
like we did with the markup

testing and forward testing
process. First things first, we

testing. I've got my list of
six rules here, the same ones