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sort of you know medium of the
two and come up with something
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the admin side of it which is
probably the the worst side of
3
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know with these processes
something I believe massively
4
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profits here but just imagine
obviously it didn't happen here
5
00:08:57,728 --> 00:09:01,468
and more enjoyable then it's
you know you're more to keep
6
00:10:53,008 --> 00:10:55,008
getting on the wrong side of
the market like maybe you kept
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00:09:54,168 --> 00:09:56,488
really needs to get in my
opinion when you're using
8
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forward price until the London
and the New York session and
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can start to test them right
that way if you if you want to
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00:11:16,428 --> 00:11:20,828
terms of you know experience
and lessons learned etcetera so
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it right you can make that a
little bit smoother and easier
12
00:11:02,668 --> 00:11:04,788
through it just to just to say
to yourself oh you know I did a
13
00:11:14,108 --> 00:11:16,428
in terms of how much you're
actually gaining from that in
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you know collect a lot of data
how far did the trade peak how
15
00:09:09,828 --> 00:09:12,508
a fresh market one click that
one and yeah that kind of you
16
00:10:18,188 --> 00:10:20,868
you do get to end of your back
testing session probably the
17
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want to have a column on
entering on the EQ entering on
18
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when you then look back at it
and you're reviewing that whole
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creations into the community as
I would love to see those.
20
00:10:05,388 --> 00:10:08,108
action and then obviously the
way I would do it is just fast
21
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trying to short this the whole
way up and actually you know we
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probably say about this it is
the same sort of pretty much
23
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week and go well actually I'm
leaving a hell of a lot of
24
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let's say I don't know you took
a trade here you know on the
25
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doing this and ultimately
that's going to benefit you and
26
00:10:01,228 --> 00:10:03,548
know two well set up a time
frame whether it's two or three
27
00:11:04,788 --> 00:11:07,948
week's worth of price action
back testing today you know I'm
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and Thursday price just
continued melting down you know
29
00:11:00,068 --> 00:11:02,668
dig into the price action
rather than just blasting
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to study right or maybe you
found yourself you just kept
31
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to record your data and as
please drop any of your own
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feel like play as much as
possible and if you make the
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end up having a bit of week and
things like that just really
34
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week the whole week's worth of
price actually paid out because
35
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Monday and let's just say you
know you took the new way
36
00:10:13,668 --> 00:10:15,948
it that way and just make sure
you are reviewing it when
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seen in both case studies and
the forward testing with the
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your trading right so yeah if
you want to generate another
39
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profit here on the table and
other types of things you need
40
00:09:24,948 --> 00:09:27,588
replay you may want to collect
even more statistical data and
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00:10:39,408 --> 00:10:41,488
but just imagine that then
through Tuesday and Wednesday
42
00:09:56,488 --> 00:10:01,228
trading view you kind of in
summary set out to maybe do you
43
00:10:03,548 --> 00:10:05,388
days or maybe you want to do a
full week's worth of price
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as kind of as simple and as
complicated as pack testing
45
00:11:23,268 --> 00:11:27,308
process makes sense yeah and
you guys can can use either way
46
00:11:07,948 --> 00:11:10,908
working really hard well yeah
you might be working hard but
47
00:11:20,828 --> 00:11:23,268
before I ran on any longer I'll
leave that there hopefully the
48
00:11:10,908 --> 00:11:14,108
you know you want to make that
efficient and productive work
49
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guys should know how to use
this by now the only thing I
50
00:10:20,868 --> 00:10:24,068
most important thing to then do
is actually zoom out and go
51
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could you have managed it
better like have potentially
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00:10:15,948 --> 00:10:18,188
you're done that's kind of one
key point it will make is when
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then speed it through to the
next day yeah and just record
54
00:10:24,068 --> 00:10:26,508
back through all the sessions
that you've traded obviously
55
00:09:27,588 --> 00:09:29,508
you may want to add in some
more columns here like you may
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do so right at that point just
just some food for thought but
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a little bit more creative I
don't know but as always you
58
00:08:01,768 --> 00:08:04,428
prefer either you kind of
want to use the the spreadsheet
59
00:08:16,148 --> 00:08:20,308
that and and and populate that
template or maybe you would
60
00:08:34,088 --> 00:08:36,768
way or the other or maybe you
guys can come up with some some
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00:08:20,308 --> 00:08:23,948
prefer if I go back here to use
kind of the the calendar
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record the data I've made
another obviously section in
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00:09:07,068 --> 00:09:09,828
fresh spreadsheet particular
that one obviously if you want
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price play out so that's kind
of why I prefer to just stay on
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high time frames put in any
trades you took in London
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00:08:45,208 --> 00:08:47,928
is you're trying to trying to
somehow sometimes it's boring
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just literally fast forward
price until I got to the the
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00:08:23,948 --> 00:08:26,828
example right and you can do a
week's worth of testing and
69
00:08:47,928 --> 00:08:50,128
right testing can be boring but
you need to try and make it
70
00:09:21,348 --> 00:09:24,948
study section but when you are
back testing like this with bar
71
00:07:35,448 --> 00:07:39,608
then you know not see how it
played out as much as possible
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00:08:04,428 --> 00:08:08,308
method which if you prefer that
kind of collecting a bit more
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00:08:14,108 --> 00:08:16,148
your screenshots and and what
not in here if you just click
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London session of the next day
right so here we go it's kind
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00:08:30,828 --> 00:08:34,088
during the New York and you may
prefer that you may prefer one
76
00:08:26,828 --> 00:08:28,668
then you can chuck it in here
like that so you've got the
77
00:08:11,828 --> 00:08:14,108
sub-off sizes and things like
that and then you can put in
78
00:09:18,508 --> 00:09:21,348
the same spreadsheet template
as as the one from the case
79
00:07:27,188 --> 00:07:29,188
is pricing get there quicker
than you think and then you see
80
00:07:20,388 --> 00:07:22,388
anything until you price gets
to there or there of course
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00:07:50,688 --> 00:07:53,368
options that are kind of put
there for you guys and it's
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00:10:26,508 --> 00:10:28,708
then as well where you can see
the benefit of how the whole
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so that pretty much wraps it up
in terms of how you then can
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00:06:32,748 --> 00:06:36,128
would do is I would back up to
the 15 minute and then I would
85
00:07:07,508 --> 00:07:09,628
you know you didn't have to do
that let's just say I don't
86
00:07:53,368 --> 00:07:55,968
it's pretty much just based on
on the two methods that you've
87
00:07:24,228 --> 00:07:27,188
little bit here quicker right
but obviously what can happen
88
00:06:16,908 --> 00:06:19,668
through. Obviously if you trade
New York as well then do this
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00:06:09,708 --> 00:06:12,148
most from it. Um rather than
just blasting through and
90
00:07:45,768 --> 00:07:47,968
the testing section in your
dashboard so if you go into
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00:08:08,308 --> 00:08:11,828
quantitative data right you
know your confluences and
92
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and then I would literally just
I mean you guys already know
93
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throughout the whole of New
York. And it kind of when you
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00:07:05,268 --> 00:07:07,508
then just pay price forward
into those POIs or of course
95
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of towards inner New York this
is InterAsia now just zoom in
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00:06:30,268 --> 00:06:32,748
for the most part outside of
those hours. So then what I
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to date on 15 -minute before I
have a quick look at the daily
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areas and for now you weren't
going to literally look for
99
00:07:22,388 --> 00:07:24,228
you're up to set on the M1 you
can just play it forward a
100
00:06:23,868 --> 00:06:27,428
to about three or 4 PM London
time. It's kind of the end of
101
00:06:07,348 --> 00:06:09,708
race at all. You really want to
be learning and getting the
102
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kind of just saying oh what
result did I get at the end
103
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as I go along but imagine you I
don't know you had these two
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the London New York crossover.
I don't tend to usually trade
105
00:07:31,828 --> 00:07:35,448
the Mone just so I can see
price as it comes into here and
106
00:06:55,888 --> 00:06:57,928
then I would do my analysis
right make sure everything's up
107
00:06:13,948 --> 00:06:16,908
okay? Um try and try and learn
as much as possible as you go
108
00:06:53,768 --> 00:06:55,888
then that's where I'll be the
next training day right and
109
00:09:40,888 --> 00:09:44,288
have different R columns for
different management styles you
110
00:06:04,708 --> 00:06:07,348
and just you know really study
price action. It's it's not a
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get to you know for me
personally kind of when I get
112
00:07:02,528 --> 00:07:05,268
Mone I would obviously be able
to see where those POIs are and
113
00:09:32,528 --> 00:09:35,888
the distal or whatever you know
using a fixed up or size and
114
00:05:56,968 --> 00:05:59,288
for you and yeah then I would
just play price forward however
115
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I did for the London session I
would mark it all up you know
116
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this kind of slight method to
to whatever is going to work
117
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markups so basically it's
going to just be which way you
118
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what's going to happen right
just load up to about 6 AM and
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00:07:47,968 --> 00:07:50,688
back test and this is kind of
where you have sort of two
120
00:07:09,628 --> 00:07:11,868
know let's say you were waiting
for price to either come down
121
00:05:12,748 --> 00:05:15,828
minute structure in POIs mainly
and then waiting for the lower
122
00:07:00,128 --> 00:07:02,528
see how it's looking and then I
would again drop down to the
123
00:07:11,868 --> 00:07:14,468
into this area here I'm
literally just making this up
124
00:05:31,948 --> 00:05:34,268
frames or maybe you're just
looking at M 15 risk entries
125
00:05:51,248 --> 00:05:54,008
for you know testing that sort
of strategy right just adjust
126
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look at my trade plan and
follow the management plan then
127
00:05:34,268 --> 00:05:37,128
then you wouldn't really go
lower than the M15, unless
128
00:06:01,288 --> 00:06:04,708
leave my annotations on maybe
you know use some of the boxes
129
00:05:27,548 --> 00:05:29,588
obviously if you're someone
who's a bit more high on the
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00:05:37,128 --> 00:05:40,288
you're obviously using the M1
potentially to refine your M15
131
00:04:07,708 --> 00:04:10,268
let's just say this was you
know I'll just draw it over
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box was the M15 box and then
you might drop down to the M-1
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look for your scalings whatever
your whatever your trade plan
134
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zone in order to put your limit
orders on right so imagine this
135
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and go actually I want to set
my you know my risk entry
136
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than that you know obviously
there are kind of multiple
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higher time frames follow that
same process but on those time
138
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then look for my entry models
on the M-1 right and I'll just
139
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I would record the outcome of
the trade and that's it
140
00:05:02,828 --> 00:05:07,868
testing but ultimately it's
just going to depend on on what
141
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within the Mone up on that zone
there and then you'd be looking
142
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time frames to to enter that
that those those those POIs
143
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is right but obviously you're
just trying to simulate that
144
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I've shown you know it's based
on kind of the four hour, 15
145
00:05:01,148 --> 00:05:02,828
methods and ways you can
kind of follow with back
146
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then yeah just literally pay
price forward see how it plays
147
00:05:07,868 --> 00:05:10,348
your trading style is what your
trading setup is obviously here
148
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however whatever my trade plan
said right you know think about
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live market set my alerts on
that box and wait for price to
150
00:04:12,308 --> 00:04:16,268
bit let's just say that this
was a 15an M15 POI right what I
151
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let's say that a trade had set
up obviously hasn't in this
152
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I'll be taking trade I would
just you know size up like this
153
00:04:03,588 --> 00:04:07,708
right now let's just say I've
just drawn on this box randomly
154
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market environment but whilst
back testing so there's not
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where you're going to be
targeting etcetera etcetera and
156
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here right just for to say
who's speeding this up a little
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case but let's just say you
know we got an entry signal and
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would be doing now is
essentially like I would in the
159
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you know tap into that box and
I would play price forward and
160
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then I would just look to see
if my entry model sets up now
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really too much else I can I
can think of to explain other
162
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out obviously draw your
analysis that's going along
163
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kind of coming in towards the
this kind of European open and
164
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open so I kind of want to be
ready before that that volume
165
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the speed for how many bars
load or you can load bar by bar
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with a click here if you don't
want to use the keyboard so
167
00:03:54,128 --> 00:03:56,968
designated trading hours so now
that we've got today out in the
168
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analysis I would then drop down
to my execution time frame
169
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showing you guys the actual
process rather than going
170
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15 minute you know just assume
that I've drawn on all of my
171
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just for a minute and what I
would do is you can see the
172
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done my analysis and I'll just
be tidying up anything that
173
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market opens which is 10PM
London time and what I would do
174
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potentially happen over Asia
and then yeah now this is
175
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getting to my charts before the
Frankfurt and then the London
176
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the London session and this
will be my you know pretty much
177
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around 6630 in the morning as I
spot the time I'm usually
178
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right and it will play it
forward and here you can adjust
179
00:03:13,708 --> 00:03:16,788
is is if you hold shift and the
right aero key that will load
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00:02:51,808 --> 00:02:54,368
analysis not going to do it now
just for the sake of just
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00:02:46,728 --> 00:02:49,008
weekly as well if you want then
go down to the four hour chart
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yeah like I was saying do is I
would just fast forward this to
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next candle will be the start
of the week right when the
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starts to kick in right so what
I would then do obviously I
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00:03:16,788 --> 00:03:19,348
candle by candle or of course
you can press play down here
186
00:02:49,008 --> 00:02:51,808
again follow the same process
do all of your mapping and
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put all my analysis on the
higher time frames go up to the
188
00:03:42,168 --> 00:03:43,928
would you know in the live
market I would have already
189
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just you know do all my follow
my usual mapping process right
190
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this should be the start of the
week so now what I would do is
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what I would do when I'm
sitting down to do a back
192
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through all of the analysis and
drop down to your medium time
193
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right and then just do that for
the week. So if I you know go
194
00:02:11,348 --> 00:02:13,308
be that hardcore when you're
kind of first starting out.
195
00:02:30,728 --> 00:02:33,088
to this candle so it says the
third of September the next one
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00:01:48,528 --> 00:01:51,528
least a few weeks of markups
and now you can kind of start
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00:02:08,668 --> 00:02:11,348
an up week or a down week or
whatever. Um you don't need to
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00:03:00,228 --> 00:03:03,188
frame and then do all of your
analysis here now the way that
199
00:02:35,088 --> 00:02:38,208
between those two candles which
means if I load it back to here
200
00:02:06,668 --> 00:02:08,668
go back to just so you don't
know you know it's going to be
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00:02:13,308 --> 00:02:16,788
Just pick a week you know to to
to test because that's kind of
202
00:03:03,188 --> 00:03:05,548
I would do this is I would
kind of stop on this time frame
203
00:01:44,168 --> 00:01:46,128
why I say yeah at this at the
stage make sure you've
204
00:02:18,668 --> 00:02:20,668
testing session. I would
kind of just say to myself
205
00:01:40,368 --> 00:01:44,168
that be on demo or an actual
you know real account so that's
206
00:02:22,868 --> 00:02:25,508
Obviously just focusing on the
London and New York or maybe
207
00:01:55,568 --> 00:01:59,568
two ways in which you can
kind of pick a date in in which
208
00:01:59,568 --> 00:02:02,388
to actually low price back to.
One would be one way would be
209
00:01:46,128 --> 00:01:48,528
collected plenty of case
studies you know you've done at
210
00:01:51,528 --> 00:01:55,568
to refine this and get even
more practice so it's kind of
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00:02:25,508 --> 00:02:27,548
just a London session or
whatever session you trade
212
00:02:33,088 --> 00:02:35,088
is the sixth so that means you
know there was a weekend in
213
00:02:04,348 --> 00:02:06,668
flatten out price then just you
know pick a random day here to
214
00:01:38,088 --> 00:01:40,368
actually kind of start to trade
it in a live market whether
215
00:01:08,148 --> 00:01:12,828
kind of come last is because
really it's kind of quite
216
00:01:21,548 --> 00:01:23,988
you know how to execute you
have a really good idea of it
217
00:01:04,748 --> 00:01:08,148
process or anytime you're
testing out a plan it should
218
00:01:29,988 --> 00:01:33,168
simulate market environment you
actually know what you're
219
00:01:33,168 --> 00:01:35,328
looking for right and this is
kind of just trying to get that
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you've seen tons of examples so
that when you're now back
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if you're kind of being very
hardcore would be to kind of
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testing like this using bar
replay and you're trying to
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right I'm going to back test a
week's worth of price action.
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last little bit of practice in
as near as possible before you
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testing you need to have a
pretty refined and solid plan
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that you have a very good
understanding of that you know
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those daily markups right in
the forward testing sort of
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quickly right a lot more
effectively and efficiently
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phase of our testing so that's
kind of the main benefit of bat
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difficult at this point when
you're trying to trying to be
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suggested you do bat testing
last in the sort of three-stage
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obviously for those candles to
print in a live market right so
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compared to having to just do
it in live market kind of with
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testing but kind of my opinion
and the reason why I've kind of
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at a much quicker pace than
what we would have to wait
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sort of more so execute or
practice executing your plan
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market environment to then
actually test out your plan but
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bringing or or reloading I
guess you could call it
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that means that we can kind of
gather experience a lot more
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trying to practice that skill
set you know as much as
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possible trying to how it would
be in a live market but with
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the obvious massive benefit
that we can play price forward
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testing process now very simply
back testing is simply just
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past and then you're
essentially playing price
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replaying price even back to a
certain you know point in the
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forward to try and simulate as
close as possible to a live
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Enjoy.
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So in this lesson we're
going to go through the back
23404
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