All language subtitles for TraderFXBuchacali 001 - 6

can just do this anytime maybe
you've gone a few days and you

taking recaps when needed is
also very beneficial and you

Changing things can cause
problems if there are no

strategy if you go back see it
working get familiar with all

you in a good mindset boost
your confidence back up ready

much data as you can and get on
top of it and see Okay? Uh how

out on a lot of opportunity. Or
perhaps you like the scale

because that leads to more
break evens and actually misses

strategy go and have a look go
and see it working in action

needed, okay? Sometimes we're
going to get you know, in a bad

testing and putting your
testing reviews into a routine

the confluences the management
everything that's going to put

are you know getting stressed
out you need to see your

mindset. We may take a few
losses or we may just feel like

to see it winning to get us
back on the right path. So

you're you're actually starting
to lose the the flow of your

we need a refresh on our
strategy. Perhaps we've broken

that something else works
better for you as many people

your testing reviews is to
throw yourself a recap when

learn from your testing. Now
what we need to think now what

to live trade so in the next
video talk about putting your

perhaps you haven't looked in a
long while a few weeks and

can follow the trend until the
trend breaks. But you may find

some rules and we need to see
the strategy in action. We need

problems present as it is.
Another good thing to do with

well, you don't have to work
too hard on changing things.

refine or is everything going
well? If everything's going

we need to think about is
putting your testing into a

did I do over the previous few
weeks? How did I do over the

opinion it's good to start out
with weekly refreshes. So go

stops to break even and let the
whole trade run. Perhaps you

So if your stop losses are too
big that is also a problem that

long term period? Uh what can I
change? What can I actually

through your back testing once
a week and review you know as

make the most of the back
testing that you've done. In my

carry these out regularly.
Otherwise you're not going to

the end of the technical area.
Perhaps you like to just move

approach where you trail your
stop loss behind each higher

even get traded into. In
instances like this you could

you can actually get way better
risk reward without changing

getting stops hit too often.
But by refining it and by

diagnosing that problem and
working with it you see that

you can diagnose. Obviously
it's not such a big problem as

testing that way and if it
works successfully you can do

maybe your stop losses are
bigger than they need to be

routine. Now when it comes to
your testing reviews you should

swing points or below
significant swing points so

too often because you're not
putting them above significant

with lower risk reward and
actually win more trades okay

do. So there are a lot of
things that you can actually

low or lower high in the
market. I like this way because

means we lock in nice profits
on every single movement and we

find it best when you don't
move your stop to break even

and stop loss management rules
in the getting smart chapter at

consideration on the stop loss
front is what stop loss

that live. Because sometimes by
cutting five or ten pips off

management rules work best for
you. So we spoke about scalings

diagnose that and then work
upon that on the flip side

maybe from your analysis you
can see that you have an extra

stop losses are positioned well
but maybe they're getting hit

five or pips on pretty much
every stop loss that doesn't

losses are getting hit often
you can think why you can

that's something to consider if
your stop loss if your stop

to fifteens and so on.
Sometimes it's better to go

too much about your trading
strategy. And a final

your stop you can double or
triple your risk reward ratios.

trade side is stop loss orders.
So something to consider here

putting them too tight to chase
risk reward. Now it's good to

actually look at cutting that
five or ten pips off your stop

you'll find that in your
testing you'll see maybe your

much using illogical stop
losses and actually losing

too often maybe? So the cause
of this could be that you're

get high risk reward but it's
bad if you're chasing it too

loads of trades because you're
trying to get one to tens, one

is are your stop losses getting
hit often? Are they getting hit

doing the testing reviews.
Another consideration on the

also find on the flip side
though that your confirmation

only way you're going to out
which is best for you is by

it all depends on you what you
find within your testing and

just go ahead and cut risk
entries out entirely. You may

essentially selling or buying
into a market based on zones

and not actually waiting for
the lower time frame

types of entries, risk entries
and confirmation entries. An

constantly checking your phone
every hour to see how the

for and what you should really
expect when it comes to your

live trade and use that to
build your confidence so you

trades. If however if however
you are taking longer term

seeing trades take a long time
to play out but playing out

Maybe based on the trades you
take, trades that happen

play out you need to consider
this when you're trading live

overnight work best. Now this
is a strange one but for some

trades that potentially take 10
hours or two days or a week to

ones you take and hold through
through a night. If that is the

doesn't really matter which one
you execute trades within.

using risk entries or I need to
just be using confirmation

scenario you have to consider
the emotional and mindset

because obviously when you're
back testing everything happens

they cause a catastrophic
amount of losses and you may

when using risk entries but you
have a great win rate when

what's working best for you.
And overall reviewing your

is do you have an unusually
high loss rate when you're

don't have to sit and stare at
charts and you're not

of opportunity whereas your
risk entries are doing well. So

entries or I can use a
combination of the two. The

is how long do you actually
spend in a trade. If you're a

testing in this way is going to
show you okay I need to be just

see from your testing that you
have unusually high loss rate

you're using the confirmation
entries. Therefore you could

help you Understand how long
you're going to be in your

using the risk entries okay
straight sell or buy limits

case, you're only going to
learn that from testing and it

entries are missing and you're
actually missing out on a lot

frame I wouldn't wait for a 15
minute break or a 10 minute

into trades these don't work
for everyone they are obviously

successfully. You can actually
consider that when you're in a

important consideration which
I've heard from a few students

obviously risk entries can
cause more losses some people

wait for a break of structure
on the significant time frames

entries. The primary thing here
is thinking about the different

trading than many people
realize that many people

because I was only trading when
there's a significant structure

of this is when I was back
testing early in the year some

testing you understand exactly
what you should be looking out

what that's going to do is
actually cut down your losing

confirmation to point you in
the right direction so

implications of holding a trade
for ten hours, 20 hours, 60

in seconds because you skip the
candles forward. But in real

trade's doing. So when you
understand the timing from the

live trading as well. So the
next topic to talk about is

your trades between the London
and New York sessions and it

actually trade when you're
trading live. Perhaps you take

hours and so on. So by
reviewing your testing and

reviews. See the timing on the
trades we've taken and consider

day trader and your testing
shows you in a trade for

consider. Another thing to
consider on the topic of timing

you execute menstrual trades in
the London session in which

people it could be the case.
Say you're trading Japanese yen

and Australian dollar. Maybe
your most profitable trades are

these things. What time are my
trades often executed? Perhaps

can really adapt your strategy.
Timing plays a bigger part in

we do that. What we can do now
is come to our back testing

anywhere between 15 minutes to
one hour and this is going to

riskier than confirmation
trades because you are

case you should then make that
your favorite session to

then you can actually build
upon those winning patterns and

speak with the technical
confluences in your testing and

brought me better results. I
started taking less losses

session, London session, Asia
session and so on. That is why

your trading that you can
remove. Now for example an idea

spoke about timing your back
testing with the days the

weeks, and even the trading
sessions you trade, New York

those. So another thing to
cover in terms of back testing

from the trades that followed
this method because obviously I

of my back test trades I would
be super aggressive and not

zoom out to the 15 minute you
notice hasn't actually broken

going to happen because that's
the nature of trading we are

normal confluences cause
losses. Some losses are just

just continue to use those and
continue to progress with

patterns like that that you can
remove through your testing and

could therefore avoid them in
my personal trading and it

strongest and weakest areas of
your technical work. When

working a probability based
gain but from this what you'll

the structure whatsoever. So I
noticed a pattern of losses

change your strategy but if you
are on a devastating losing

is timing. This is an important
one and this comes down to we

actually think what confluences
are forming on our best trades.

and change the way you work
because the best way normally

rate when you're trading live.
On the flip side you may find

allowed me to actually cut
those trades out and then I

break on the right time it. So
you're going to find losing

break. I'd be looking at one
minute breaks which when you

reasons to enter a trade. Now
all of these attract. We have a

streak gets out of hand and it
doesn't align with anything

okay so let's say for example I
was trading the 15 minute time

strategy, make some updates
because things are not going so

actually realize is sometimes
losing patterns occur within

change my approach a little.
Maybe I need to work on my

to change your approach. So the
next topic is confluences. This

something that works amazing.
You may crack the code so to

streak and it doesn't align
with anything within your work

within long-term testing, you
may know, okay, maybe I need to

single time. Then that's cool.
That's actually going to boost

streaks in your back testing
and come back from them every

losses. Another thing to
consider on the losses front is

a losing streak is fine and
you've taken a few losing

your confidence because you're
going to see okay these losing

and you're not doing anything
different, then maybe it's time

is really useful because this
is how you pick out the

knock your confidence. If you
can see from your testing that

wasn't trading the significant
structure so to speak. So this

into a losing streak you may
lose 2 trades or three trades

in a row and what this can do
is actually dishearten you and

markup showing the confluences
and we should also have a list

well. You should never be hasty
to update your strategy and try

What confluence is it that
leads to the best opportunities

rate, a 70% win rate but you
need to know exactly what that

showed you in the previous
video. So from this data we can

and on the flip side what
confluences or changes to the

row. Sometimes when you're live
trading you're going to run

continually repeat the process
I'm going to overcome the

streaks are normal and with my
strategy as long as I

of the confluences written out
in description form like I

That's going to allow you to
confident through four or five

losing streak easily. On the
flip side, if your losing

testing. You don't need a solid
figure like 65. 39percent. You

is to just continue repeating
the process that will work for

know this is because you need
to be prepared to run into

is or roughly around how many
trades you can expect to win

out of say every 10 trades you
take. The reason you want to

together. Now the first big
thing to review are going to be

don't need to know that. But if
you on average know that you

you're looking at confluences
obviously we're looking at the

you. So, it takes a lot to
actually make the decision to

win every five to six trades
out of every 10 trades you take

that you should actually review
when you've got all your data

losses. Now you may have a
percent win rate, a 60% win

but unless you actually review
the back testing you're not

losses equivalent to the ratio
that happens in your back

make reviews of the testing
that we've done. It's all good

going to get much out of it in
the long run. So what is it

testing. So to benefit from our
testing we need to actually

In this video we're going to
talk about benefiting from your

what is a normal amount of
losses to actually take in a

actually track everything in
the trading buddy or in notion

putting in the hours to do the
work to do the markups and to

and then we'll be coming close
to the end of this chapter.