All language subtitles for 3. Barbeumvinte

system for you to use as an
example to see how you can

of you achieving long-term
consistent results. Now, in the

For instance, you know, when
you review your journal and you

back and then, what is your
plan for actually overcoming

and you need to identify your
psychological blockages and

improve the new rules in your
plan but you will also probably

that is the work that other
traders they just simply are

which you can make simple kind
of adjustments and you know

pretty simple risk management
rule to just stop trading for

commonalities in your winning
trades and in the same of of

you know, going forward,
analyzing your trade journal

you can implement new rules
into your trade plan to avoid

It's not glamorous. It is
pretty boring. I'm not going to

can do more of what is working
and less of what isn't. So that

demanding job and two kids
maybe it's not that realistic

repeating those same failings.
Now don't rush this process.

strategy is that it's based on
price action. Now, I've shown

plan to fit that, right? Now,
as I said, the beauty of the

few hours then day trading
might be for you now you might

Obviously, then, once you
achieve your goal and your

and they feel that the
sacrifice is worth it but most

you know great WiFi on the
beach or by the pool and you

want to travel the world then
you should probably on swing

not really that realistic that
you're probably going to have

can't so figure that out and be
honest with yourself and just

next lesson, I'm going to show
you a relatively basic trading

increase the chances of you
actually adhering to your

updating and improving your
trade plan. And that's how you

strategy rules which in turn
then increases the probability

looking on those hard time
frames and that will be looking

to split your focus between
your job or your business or

realistic is it that you can
then trade the London session

minute chart for entries during
work? You might need to drop

know a two pip stop and instead
build a trading system around

that you perform as a trader,
the quicker you will progress.

can define your own you know
your own trading personality

results then spiraled and you
you took a more losses when

you. Because once you have
that, you will massively

and actually create a plan that
is individually tailored to

find that you are making the
same silly human errors again

finding the why you know why
are you making same mistakes

four step process to go through
each time you are revising,

more depth later. But for now
you just need to understand the

and again so this final step
step four it's all about

probably have found technical
problems with the strategy

not about trading psychology.
We will cover this in a lot

the day if you take two losses
for example. Now this lesson is

this happened. So very simply
you can implement you know

yourself a massive edge over
them and in that previous step

to be honest with yourself now
and you'll save yourself a lot

charts? You know, think about
what time frame can you

of time and headaches. You'll
find quicker success but more

for you right but only you are
going to know this but just try

So what are your current time
constraints? What commitments

what you're trying to achieve
with your training, then you

you're going to drive. What I
mean is what is your everyday

look at concentrating on
currency pairs that you know

that that result requires. Now,
by lifestyle, I don't mean, you

that strategy to suit your
lifestyle. Now, we'll talk

long it takes you to do it
properly. Get it done. The

your trader plan around the
style that actually fits that.

sticking to what you can
currently execute, so design

can bring but it's not so
common to desire the lifestyle

mental well being intact
because some people can do it

every time you lost the first
two trades of the day, your

trading in today right but if
you like the excitement of

get up early to be on the
charts for you know 3 AM how

the M15 or even the four hour
for entries that could be a lot

realistic for you right
focusing on those hard time

You know, what are the main
barriers that are holding you

them? The more reflection,
self-review, and contemplation

your results. Because if you
spend a week, a month, however

there is a lot of introspection
that goes into this process.

not doing so if you do do it
you are literally giving

training will be in there.
Digging through your journal

more sustainable for you and
you'll actually have better

improvements that you can
actually make with your

where you have reviewed your
trading history you will

lessons will be in there. Some
of the biggest lessons and

you can actually take will be
what your current lifestyle is.

essentially be trying to look
for repeat patterns and

things that you can do to make
a quantum leap forward with

pretend it isn't. But it is one
of the single most effective

result that you want each day.
So start thinking about this

importantly, sustainable and
scalable success. Now, by

will play a large, large, large
role in this. So, you will

lifestyle changes, then, you
can adjust and adapt your trade

know the sand on your laptop or
or the sun glare on your screen

your losing trades. So this
way, you can work out how you

income with your trading
profits. Instead, focus on the

trading or even position
trading strategies because it's

kind of look through the data,
you might spot that, you know,

to you know the internet or
your computer when you're

going to cover this in depth
now but kind of a quick point

trader. But you must be
realistic and adapt your

your nine to five job to be
considered a professional

to you to kind of take that and
tailor all of that and tailor

pairs you know the Japanese
pairs and specialize in those

business that you own or or you
work within of course this is

for people to want the monetary
results that successful trading

working then swing training
will probably be a lot more

you know about your training
goals do not focus on that sort

want to live? Because it's that
lifestyle and that process that

sometimes move more during the
New York session and even the

pick what is most sustainable
and maybe you can you know even

and if you really want to hang
out on the beach and you

Asian session so pairs like
Aussie dollar and the Japanese

think that day trading sounds
sexy but if you have a

facing a new trading day with a
clean slate just trading for a

zone do you live in for
instance if you live in New

because you will be able to,
you know, be at your computer

know, you must find out exactly
why you have those blockages

it's not really realistic
that's going to affect your

there. And a big part that is
going to determine what steps

so that they no longer hold you
back and limit your growth and

set to forget management or go
to the complete other extreme

explore that day but you
dedicate those days you know

that that time solely to
trading so when you're thinking

you the blueprint all the tools
that you need but now it's down

will not be able to be on the
charts and you're probably

through the earlier hours of
the night and still perform

frame moves now another major
thing to consider is what time

your job during the day and
keep your health and your

York and I believe you are in
the eastern time zone then the

might make you believe. You
don't actually have to quit

is that when you are revising
and improving your trade plan,

about journaling a lot more in
a future lesson. So, we're not

do you know more of what works
and to do less of what isn't

maybe do something that means
that you don't even have access

results in a quicker period of
time. So maybe you just need to

you know look at a few more
pairs if you're going to be

London session starts around 3
AM for you so are you going to

on. Is it realistic that you
will be able to monitor the one

you know working better for
you. Investidor not realistic

the M 15 risk entries for
example. You know maybe using

yet to go through now so this
step does not apply to you just

also possible. You know
contrary to what Instagram

your ego a little bit. Don't
worry about trying to get you

actually enter on? What time
frame can manage your trades

course if you are new to
trading or you are new to this

clearly define your trading
goals so what are you trying to

achieve and why but you must
also consider your current

a week for example where on
those days you do not travel or

do you have? Do you have
dependence? You know do you

can start to plan out the steps
that you need to take to get

9 to 5 job? If so, do you have
regular access to your training

now. Then once you have a clear
idea of what your goal is and

life trading routine going to
look like to achieve that

is actually going to get you
that result. It's very common

get real with yourself so that
you can map out a clear plan of

question. How do we work out
exactly where it is that we

know, what house you're
going to live in and what car

of end result you know IE you
know you want to replace your

screen undisturbed. If you
want to trade around your

deep beneath the surface. Well,
there are a few steps to this.

main steps to figuring that out
and the first step is to very

process and the lifestyle, you
know, what lifestyle do you

should spend our time and where
we should spend our resources

develop a longer term hands-off
strategy where you are setting

holding you back but once you
identify those, first, you

actions you need to take to get
there and this is the time to

all of the lessons that you can
find from here because there

First, you need to get real
with exactly who you are and

working for you and then once
you do this you will pretty

and maybe you just want to day
trade you know one or two days

actively trading the same way a
full time trader can be. Now

have young kids or maybe you
care for someone? Do you have a

it's very similar for if you
are someone who wishes to

strategy to work around your
job or business. You know you

travel and trade you know you
will most likely want to either

hands on, you know, maybe on
the interday time frames

become a full-time trader,
then, it will most likely make

inefficient and you could waste
a lot of money you know

trades so that you can
implement rules to help you to

the oil is below how do we know
where to start drilling down to

out you know through process of
elimination where that oil is

psychological blockages that
you may have that are actually

so you know you will study a
trade journal to try and

the surface because one way to
drill would be to just start

and then, you can implement
steps to help you overcome them

likely find that you're
going to identify some some

the real gold lies so when
we're up on the surface we can

and where the gold lies that's
going to be quite you know time

sense to develop a strategy
that's quite active, maybe

particular style of trading
unless we dig deep down into it

history and your journey so far
you're really looking under the

yet but these steps the next
two steps that we're going to

are refining and improving your
already established trade plan

You need to be faithful to it
for it to give back to you. Cuz

unlikely that we're going to
really reap the benefits of a

just because we can do
something, doesn't mean that we

risk entries on the longer term
time frames with kind of that

some time getting very clear
and honest with yourself on

current job or maybe even
running you know another

strategy then you will not have
a relevant trading journal just

should do it. So if we know
that if we spread ourselves too

and specialize. So we know that
below the surface that is where

hood at everything the good the
bad the failures and pull out

drilling down into all the
wrong areas right so begs the

kept cheating on your spouse? A
trading strategy is the same.

longer-term trader, there's
going to be many times where

how good a marriage do you
think you would have if you

commitments and then it's time
to dig deep into your trading

both traders can be successful.
However, if you are a

lifestyle so what are your
current time constraints and

the oil is that is where the
treasure is and that is where

we can then move forward and
determine precisely what

what you are trying to achieve
and why because if you want to

identify the patterns and
commonalities within your past

now, you will be able to rise
to that next level. So, spend

you know randomly drilling all
over the place and just finding

you are running in a decent
amount of profit but only to

see all these different ways of
trading how do we know where

you. Because you specialize in
and operate in a particular

give it all back in the pursuit
of trying to capture a much

jack of all trades and a master
of none. So don't spread

individual sport I can teach
you the theory and I can show

clearly defining your strategy
and your goals. As a result you

larger move but the key is to
just focus on a particular

commitment that you would make
in a relationship. You know,

will then become much easier to
stick to a plan and to attain

will be many if you spend the
time to look hard enough now of

sacrifice with your own
specialty and it takes the same

look at number three and
numberfour therefore when you

zone of an instrument's price
movement but someone else, they

something to get you thinking
about now in the next lesson I

processes and your results will
become more predictable,

success and then entire you
will be rewarded for your

potentially all be laid out for
you now training is an

deep on that and specialise.
Because that's where your

it go on for another 300 pips
that is of no real concern to

won't stay with your approach
through the thick and thin. If

yourself too thin at the
surface level because to truly

where it is that you want to go
because once we identify this,

you can use as an example to
kind of see how this could

in is where that compounding
momentum will take off. So go

all, you will most likely end
up being, you know, a mediocre

action and move forward
unimpeded. So, there are four

thin up here, you know, on the
top surface level, it's very

drilling down into to find that
oil to find the goal that looks

that you're not going to be
good at scalping, day trading,

the others. Identifying you
should focus on and specialize

their own interpretations based
on the theories and the

concepts provided and trade
what they believe to be right.

you are a short term day trader
you must recognize that exiting

a trade you know for a quick 50
pit profit only then to watch

scalable, and sustainable.
Style drift comes from not

That is going to require you to
build, develop, and evolve your

flowchart diagram alongside
that but of course you know

that short simplified trade
plan that is you will be

define how you will enter the
market, how you will then exit

reap the benefits of one
strategy, you have to sacrifice

and you get more experience and
you kind of really refine your

there'll be a lot of words and
a lot of explanation and that's

style and then once you define
your style and your objectives

simple or or as complex as you
need to but just get something

might operate in a totally
different area of the curve but

so of course this is not an
exhaustive list but just

and noone else it's just you
who going to be pressing buy

something you can then go and
test and then once you're

So the very first time you
create this you make it as

and sell. No one's going to do
that for you. You are here to

down for all three of these
sections because you just need

and you know if you trade
multiple pairs you may have

contents of your plan but I
will recommend that you have

want to list the specific
trading hours that you will

here but you can even go you
know in in a lot of detail kind

will show you kind of a a
beginner's training system that

trade within list the pair or
pairs that you actually trade

swing trading, and position
trading. If you try to do them

course, it will still be
heavily based on the core

testing it then you can you can
start that process of

become an independent and
consistently profitable trader.

don't try and kind of perfect
it straight away because it's

be quite complex you know when
you run of your process and

you how I trade but ultimately
the responsibility falls on you

fine because that can you know
really really help you at the

screenshots of actual trade
examples from your plan you may

pretty much going to be
impossible just make sure you

slightly different rules for
each pair and have a list of it

complexity. So what I'm trying
to say here is that your first

refinement but you just need
the starting point so you know

something that makes most sense
to you, that suits your trading

There's a million ways to make
money in the markets. Odds are

get going now there are of
course other sections that you

can add such as you know
diagrams of your entry model

trading plan into something
that is unique to you. Now, of

It's not rigid with very hard
and fast rules. People make

current lifestyle and your
current routines. Your trading

Now there are a lot of things
that you can include in the

psychology and that you can
actually execute with your

concepts but you then need to
take those and mold it into

of your risk management and and
your risk limit rules as well

perfectly. So the lesson here
for us is that elegance and

these three components as the
bare minimum. So as long as you

risk on those positions then
you are pretty much good to go.

looking at before and during
every single trading session.

start but eventually you will
find kind of as you go along

a fair bit older than him and
he had been the game for a very

ingredients that impressed him
everything was simple but

star restaurant and at the time
it was regarded as one of the

style you will boil it down to
just a few key sentences on one

then also your full enter end
process laid out as a separate

first you need the deep
understanding and that deep

recipe that he now has but to
get to that level of simplicity

complexity like gave him the
knowledge that was required in

career they had a bit of a
tendency to make their dishes

consistency that actually comes
from simplicity that simple

order to now be able to execute
the simplicity of his dishes

few initial versions of your
tray pads they might actually

to more rewards. Right? But
then this he went to a Michelin

extremely complex. Because you
know understandably they

So I knew someone who was a
chef and quite early in their

page so you should end up with
one very simple trade plan and

the end because once you get
there you can move mountains.

your positions out of the
market and how much you will

understanding that actually
comes from the initial

literally perfect so after his
meal junior chef went and spoke

exact same process as him when
he was younger as well when he

this really high complex meals
but the Michelin star chef he

head chef told him that he'd
also gone through kind of that

with the Michelin star head
chef of the restaurant and the

found himself over complicating
everything and trying to make

said that he was thankful that
you know he'd gone through that

thought that was how things
worked. More stuff on a plate

journey because the complexity
of his approach initially that

complex. You have to work
really hard to get your

nothing more and the simplicity
blew the junior chef away but

very long time and this
Michelin style chef he only

and those key words those
keywords of of kind of your

best in Europe and the head
chef at this restaurant he was

thinking clean to make it
simple. But it's worth it in

must equal more skill and
therefore surely that must lead

detail and the complexity of
your process that you now

thinking about it you will get
to that point with your

was starting out in his career
where he initially he kind of

more than that it was the level
of execution of those

ever put just three things on
the plate just three things

that you you look at before and
during each training session

training plan you can boil it
down to just a few key words

your simplified training plan
that will encompass all of the

subconsciously understand.
Simple can be harder than

competence remember that's when
you are unconsciously competent

will all click and it will all
become extremely simple and

where you can drive your car
home you know without even

training but then you can
literally boil your your your

second nature to whereby you
achieve that full stage of

your experience with the
strategy it's still in its very

the hard work it's literally
only a matter of time before it

but if you follow the steps as
laid out in this course if you

there is quite a lot of moving
parts of the strategy and it

in general so create a training
plan it can seem like quite a

to end process of a strategy
with an event and a yes no

definitely can be pretty
overwhelming when you're first

data until you get it to a
stage that you're happy with

been going through the
technical analysis lessons

normal and okay so you know
don't worry stress about that

daunting task because your
level of understanding and and

early and premature stages and
don't worry that's absolutely

continue to study the content
and if you continue to put in

as you've probably experienced
and been thinking as you've

format so a robot could almost
literally executed for you now

you of course can keep refining
your plan based on your testing

learning this style especially
if you are brand new to trading

you know and then you can start
to trade it live once you've

don't have to start trading it
live or on demo straight away

have a full flow chart diagram
that describes the complete end

you don't know what you're
doing so you're a goal is to

now if you can't describe what
you are doing as a process then

we're going to go on together
throughout the next few modules

got it to that point so that's
pretty much the journey that

a revised version of your plan
and once you've tested it you

with it now obviously when you
create a new plan or even just

then create your next version
of your plan and repeat the

actually improve your edge even
more and then finally you will

you know how it actually plays
out in the market you can then

it in the live market and see
how you get on then as you gain

you've tested it and you've
collected data to prove that it

literally a living and
breathing document which you

will always be evolving as both
yourself and the market evolves

based on that hardcore data
that you have collected to

more experience you gain more
data on how your trading plan

your trading career your
trading plan is you know it's

entire process and this process
will continue for the rest of

refine your plan make
improvements and evolve it

does have a profitable edge you
can now begin to start to trade

disaster and any data that you
might be collecting it's

everything will build from
there so once you have that

we will cover in depth in the
next module and then once

of rough first draft of your
plan written down and then

strategy because that's just
going to be a recipe for

because you know the the data
is not a part of a defined

first draft you will then begin
the testing phase which is what

actually be able to test that
plan you can't just start

firing into any old trade that
maybe you think resembles the

you need that plan written down
you know first in order to

strategy so the first step is
just a get your very very kind

going to be pretty much
irrelevant at that point

actually start that process of
of testing and trading you

actually test your plan to
trade it and to figure out

exactly how you want to trade
the strategy but before you can

trading plan and this will
initially be a very rough and

you are first going to create
your own individually tailored

obviously need a plan as a
starting point right because

basic plan because you have not
yet had the opportunity to

dashboard. Just to make sure it
is somewhere that you can

forefront of your mind because
this literally will be your

single trading session so that
it is constantly at the

trading bible now over the
course of the next few modules

easily access it especially all
times when you are trading

because you will be reading
this before and during every

computer or at the very minimum
have it on your notion

written down pretty much,
right? Now, you will have this

with your entry exit and risk
management rules. So in simpler

words, your trading plan is
just your trading strategy

plan either printed out on your
desk or on the wall beside your

A trading plan pretty much does
what it says in the tin right.

systematic approach to trading
your defined edge in the market

It's essentially just a
document that describes your

begin to structure your own
trading plan.