00:00:05 Matt Concordia

OK, welcome to FX replays profit playbook. The whole purpose of this is so that we can look at the most profitable strategies and analyze them and share them with you guys. So you can understand you know what to back test and and how to improve as a trader.

00:00:21 Matt Concordia

And and potentially you know achieve all your trading goals and today we are starting out with what I like to call our chronic back tester, one of our our you know power users Joel. So Joel if you wanna introduce yourself a little bit and tell the people what's up that would be great. But yeah, thank you so much for being.

00:00:36 Joel Carpenter

Here. Hi. Yeah. Thanks for having me. Yeah. So I'm Joel Carpenter. I'm well. I'm a full time trader. I my wife and I both quit our jobs a couple of years ago, moved into a van in Europe. We're both from Australia, but we moved into a van in Europe and put all our efforts into into trading. We're not, you know, we're not living off our.

00:00:56 Joel Carpenter

Profits yet. But we are profitable and we, you know, got some. Got some evaluations passed and gotta pay out. And so we're we're we're we're well on the on the path but.

00:01:07 Joel Carpenter

I mean this particular strategy that we're talking about today was something that we manually back tested the old way on trading view with the spreadsheet and did did a year of year of back testing this strategy and started trading it and.

00:01:22 Joel Carpenter

It sort of.

00:01:24 Joel Carpenter

Sort of plateaued over at the end of last year, and I think we got.

00:01:28 Joel Carpenter

On.

00:01:29 Joel Carpenter

To FX replay, maybe.

00:01:32 Joel Carpenter

Maybe August time and start and I just started like, OK, well, this one's not working. Let's try something else and something else and something else. And I guess FX replay is just become my drug at the moment, trying to find that thing that works. And it's made it. It's made it a lot quicker to get to get quick results.

00:01:51 Joel Carpenter

So yeah, yeah, we're, we're, we're we're at it full time trying to trying to turn a profit. We've got a A you know we sold our house, we got another year to go before we run out of money, so.

00:02:01 Joel Carpenter

Because the yeah. Yeah, that's that. That's the. That's the sure story about where we're at and where, where, where.

00:02:07 Matt Concordia

We came from. I love that. I love that. And so yeah, because I mean, we've been seeing you. Like I said earlier, when we were talking just on Twitter, seeing all the time. Oh, a new strategy that Joel has been testing. And it's not just some short period of time either. It's like an absurd.

00:02:21 Matt Concordia

Amount of time so and you know manually testing takes a lot of effort, a lot of time and and you have been putting in that that effort. So you know I'm hoping that it all pays off soon and and you know maybe sometime we can go out and meet up for a couple couple of drinks you know.

00:02:36 Matt Concordia

Your choice.

00:02:37

I would love. I would love that we get accused of strategy hopping a lot. And I'm like, no, look, I'm. Just just a full time trader. We we we we've got one or two strategies that we we trade live like the one that sort of plateaued last year. We're still trading it live and we're we're trying to you know deal with the drawdown and get get out of it and and what we're talking about today.

00:02:56 Joel Carpenter

Just a variation on that, so I often.

00:02:58 Joel Carpenter

Well, you know almost AB test like, OK, what are you short and stop loss but increase TP or shorten the TP and increase you know and you're just tweaking and tweaking so don't strategy help a lot. I've just got a hell of a lot of spare time.

00:03:14 Joel Carpenter

I want to be profitable, so back to everything.

00:03:16 Joel Carpenter

Way to do it, yeah.

00:03:18 Matt Concordia

And and it's funny that you say that because it's like it's true as a as a full time trader. You know, that's something I've been trading for seven years.

00:03:24 Matt Concordia

And and a lot of the time is is really not doing a lot and and so you have to fill that time with something. And you know what better better way than to optimize your systems and to try and develop without, you know, wasting actual capital on like now with, you know with FX replay you could test and use fake money.

00:03:45 Matt Concordia

Or, you know, test in practice in a way that you're not actually risking live capital. And I think that that's the best way to do it. So I think you're doing it completely, completely right. It's just it takes time. That's the sad truth.

00:03:59 Chris Gonzalez

Man, I just have to add that the same amount of the coolest stories that I've.

00:04:03 Matt Concordia

Heard. Yeah. Likewise. What? Us.

00:04:05 Chris Gonzalez

Like, yeah, old movie you did. And what it what the like most people will never experience that kind of support.

00:04:17 Joel Carpenter

Give you the quick background on that. We started in crypto.

00:04:19 Joel Carpenter

You joined one of those crypto MLM you know multi level marketing absolutely back in Australia and we had a couple of friends that were doing alright and we were both working for the same corporate. We worked in telecommunications. I'm an IT guy.

00:04:32 Joel Carpenter

My wife was a manager and and and we we bought the house. We renovated the house we had, you know, 6 figure salaries like it was just like we've done everything that like society said you should do and we kind of looked at each other when we finished.

00:04:47 Joel Carpenter

The house and went. Well, this is it like we've. We've achieved everything like what do. We do next and then we realized that we wanted to travel. Our daughter had grown up and left home, and we shipped the 230K dogs to France where my sister lives, and my family are in Europe. So I I I migrated to Australia 20 years ago. And we when we just went, let's let's put everything into trading, it's been 2 years and we're still not profitable, but we know it can take, you know, 3:00 to 5:00 to get fully profitable. And I'm just like, I'm working harder now than I ever was in corporate. I'm putting more hours in than I ever did when I did my degree. But. I'm just.

00:05:26 Matt Concordia

I can imagine. I can imagine now it's probably quite rewarding, you know, because it's it's there's a purpose and there's a reason for the struggle and and you know, there's a a book that I read and I'm blanking on it. But Chris, you gave me. The Spanish version of it.

00:05:40 Matt Concordia

What is it called to get by Victor Frankel anyways? A man search for meaning. It's like any, you know, it's like if you have a great Y, whatever your Y is, as long as it's a, it's a significant Y, then you can overcome essentially any obstacle. And it's important to to to have that front and center and and to have a real understanding of why you're doing something and and if you're why you're struggling, why you're putting in all those hours.

00:06:01 Matt Concordia

Why are you testing eight years in a row on FX replay? You know like there has to be some reason as to why to.

00:06:07 Joel Carpenter

Help you overcome with multinational. We've got aging parents in the UK, in Bulgaria and in Australia. I need to be able to get on a plane and be.

00:06:16 Joel Carpenter

In like the other side of the world, at the drop of a hat, without having to put it on my credit card without having to ask for time off work without, you know, I need to be able to do and I'm paying and we love travel. I just want travel like we've had. We've had the best time the last two years living in this RV's roaming around Europe, you know, just trading on it. 8 inch MacBook every single day, you know.

00:06:36 Joel Carpenter

12 hours a day that's replay just, you know, just just, just nuts. All all day everyday. And I don't hate it.

00:06:43 Matt Concordia

Like I love that. That's awesome.

00:06:45 Joel Carpenter

And I hate it. I hate. It, but I hated my corporate job. But you know, make as someone. As someone said once before, you either buy someone else's boat or buy your own boat.

00:06:56 Matt Concordia

Absolutely no. I love that and I think it's it's so true. It's so true. I mean, hey, you're you're on that. You're on that path now and again. Just keep doing your thing and and you'll get there, right. If you're doing the right thing, you're taking steps forward.

00:07:07 Matt Concordia

Eventually you get to that destination even if there's like, you know, there's construction in the road. OK, but at least if you know your destination, you know you have to take a left, and then the right to get back on track.

00:07:17 Matt Concordia

You know exactly where it is. Once you have that destination, so.

00:07:20 Joel Carpenter

And even we, even if we get because we're we're moving back to Australia in well, what will be summer here but winter there giving up about June, July time and like you know us I've I've said to Jamie, my wife if we have to get jobs because we're not there yet, I'll go and stack shelves in the supermarket at night and I'll keep trading all back. You know the other way round cause New York openings in the middle of the night. So I'll stack.

00:07:40 Joel Carpenter

Bells during the day and be up in the middle of the night trading New York opening well.

00:07:45 Matt Concordia

Yeah, I was gonna see trick. Chris can resonate with this pretty, pretty heavily from from the position that he was experiencing too. And so this is it's awesome to see.

00:07:53 Speaker 3

Yeah, yeah, man. I've. I've came from a lot of struggle.

00:07:58 Joel Carpenter

Yeah.

00:07:59 Chris Gonzalez

I've tried like multiple strategies. Matt is my mentor so I.

00:08:03 Chris Gonzalez

Learned from them.

00:08:04 Chris Gonzalez

And he was the one that took me from not knowing the right.

00:08:11 Chris Gonzalez

Knowledge. Let's say to get.

00:08:16 Chris Gonzalez

Passive challenged him basically doubled my own account and.

00:08:20 Chris Gonzalez

Since that was, he's been just just improvements.

00:08:24 Chris Gonzalez

But it's always painful and it's always challenging and there's always something in your life that will present itself right where.

00:08:33 Chris Gonzalez

Where you want.

00:08:33 Chris Gonzalez

To be in.

00:08:35 Joel Carpenter

Yeah.

00:08:35 Chris Gonzalez

No, it's just it's just accepting that it's it's always going.

00:08:38 Chris Gonzalez

To be a little painful, but.

00:08:41 Chris Gonzalez

Not quitting, I think is the ultimate, yeah.

00:08:44 Joel Carpenter

He and I chose, though, right? Exactly. You're paying someone else.

00:08:48 Matt Concordia

Is giving to me exactly and that's that's a lot more bearable. You know what it what is your what is your own cause?

00:08:54 Matt Concordia

But no, I love that, John, I appreciate you. You know, letting us in a little.

00:08:58 Matt Concordia

Bit of your life.

00:08:58 Chris Gonzalez

Yeah.

00:09:00 Matt Concordia

Yeah. Yeah. Likewise. Likewise, it's super exciting and and again, I wish nothing but the best for you. And again, we're always here if you need anything again. But yeah, I think now I guess we should just dive into your the strategy that you've been kind of optimizing and you said that your.

00:09:16 Matt Concordia

It's based off of the old strategy, but it's a little bit more optimized based off your results. And so yeah, we'll throw up FX replay here and maybe you can talk us through what that strategy is and and you know how do you come up with these new refinements?

00:09:31 Joel Carpenter

Yeah, well, it was. I mean, so if I don't know, people may not know. There's a there's a guy that came out at the beginning of 2023 called Phantom ICT and he was he was trying to, I guess re replay ICT's 2023 men to shift by, you know, watching it and then making it a concise video. And he came up with this.

00:09:51 Joel Carpenter

Strategy, which was the he calls it the forex Judas.

00:09:54 Joel Carpenter

Wing and if you know ICT's teaching, there's a thing he calls the Judas Swing, which is at the end of the consolidation out of Asia, there's normally a false move and then it reverses and goes the other way. And his his roles were very mechanical, very tight. They tested really well through 2023, not so well earlier than that.

00:10:15 Joel Carpenter

But it it was, it was basically.

00:10:20 Joel Carpenter

8:00 PM to 3:00 AM New York time. And then look for a trade off the end of the Asia session from 3:00 AM and it's basically whichever side of the range it breaks out.

00:10:32 Joel Carpenter

Of.

00:10:33 Joel Carpenter

You're looking for a structure break in the opposite direction, and when you get that structure break you enter you.

00:10:38 Joel Carpenter

Take your two to one.

00:10:39 Joel Carpenter

Stop loss above the swing. Get out, done. And then you do the same off the back of the London session when the New York session opened. And there's one guy from the UK called Callum, who I've been talking to a lot and he'd been messing around on one of his strategies with taking partials and I went.

00:10:56 Joel Carpenter

Well, I guess we could look at just, you know, being really aggressive with the break even and partial profits scrap the Newsday rule, trade every day and see what happens. If you just, like, move to break even. And and I think the rule we came up with was at one arm move to break even and take.

00:11:15 Joel Carpenter

75% of the position of and we just used the partials that you guys have.

00:11:19 Joel Carpenter

Got you know it's.

00:11:19 Joel Carpenter

Exactly 5025 fifty 75100 and so basically as soon as as soon as price frost is that one hour line I would take 75% off as soon as I move my stop to break even.

00:11:35 Joel Carpenter

As soon as we hit the two airline, I'd move my stop TO1R and take 50% of the remaining off and then the same AT3R and then just leave the rest to run until we get a session reverse.

00:11:46 Matt Concordia

Leave this.

00:11:47 Joel Carpenter

Signal or or.

00:11:48 Joel Carpenter

Or or the end of session and I let's just do all of 2022. Forget about news rules.

00:11:55 Joel Carpenter

Take every trade and. I was kind of shocked to see that the win rate went up. Well, I wasn't shocked about the win rate and it kind of makes sense.

00:12:03 Joel Carpenter

But the equity curve just went, yeah. It went into this beautiful staircase, like I was gonna say I would imagine it would be a lot more steady due to the partials just being a lot more linear. It's. Yeah, it's a lot more. And we haven't started trading it live yet because we're we're still working on a few other things that may be better, but.

00:12:23 Joel Carpenter

It's a lot of work, like it's a lot more. You know, the original Phantom ICT 4 extruder Swing is a set and forget, right on. Put your stop in place, put your take, profit in, walk away. Get on with your day, which is great for people that you know need that kind of trade.

00:12:40 Joel Carpenter

Taking three partials, moving your stops around, trading it on MT5 and you know it's all very, you know, it's all a little bit sort of fine detail and you know, watching it and and and taking a trade every two trades a day rather than, you know, two trades a week is is kind of what we want to be. And you, I think you feel forward.

00:13:00 Joel Carpenter

Motion a little bit more. So we haven't, we haven't gone live with it yet. We're kind of waiting for March because didn't trade very well or didn't perform very well in January, February last year. So we kind of like, you know, just letting the markets come back from the holiday season and yeah, and and we'll go in. But but yeah, they yeah, it was a I forget how many forget how many overall trades for the year but it was you know it's like 3 or 4 100 trades in the year and it just it significantly reduces the amount of return per trade, but you just let it get you. It's just a learning experience to go. OK, right. Take it off the table.

00:13:40 Joel Carpenter

And then you know how along Twitter was like, you know, you tried taking partials and, you know, moving stop to break even. I went, yeah, let's go study that. 2022 was the year I picked to study it because traditionally the Phantom strategy was not good in 20/22. It had like a a win rate of like 35 and like 22 or for the year or something. And I was like, what if I can, if I can use the same idea with the judo swing. But, you know, add these partial profits in it's move my stop loss up continually trail will stop basically manually trail stop. Let's see what what it comes back at.

00:14:15 Joel Carpenter

And it was.

00:14:17 Joel Carpenter

Significantly better, like I think you're really the top of my head over 50.

00:14:21 Joel Carpenter

55% win rate and. 70 or 80 are. For the year.

00:14:27 Matt Concordia

And you know what? Like this is it, it makes sense. You know, it's like as a trader that.

00:14:32 Matt Concordia

For me, from my experiences, like I've always, I went through phases of of trying to or initially started off with a larger stop loss and then going into more higher risk reward trades and then going to finding my my niche like in in realistically a lot of the time like if if it hits any sort of liquidity.

00:14:52 Matt Concordia

Cool. Like and it's up in profit like 1/2 are like I don't mind taking off this stuff off the table because I don't know.

00:14:59 Matt Concordia

Where there is a significant amount of liquidity pool such that it's going to cause a major reaction, I just know that, hey, it could be resting above this high, so let's just shed off some there and pay myself and then that will cover up a loss or that will cover up some of the commissions or whatever it might be. And over time, like that's what I've noticed in mine is just a much steadier equity curve. It's not so much.

00:15:20 Matt Concordia

Me hoping and praying for, oh, I need to hit this 5R or have these fixed R multiples in my head is just is that liquidity? Yes, take off like you know it seems a lot more.

00:15:31 Matt Concordia

Yeah, it's easy to do that. Yeah. Let's go back up to this one. Yeah, cuz then because like ultimately what I want to know is like, OK, so say for example, we're creating New York like step one is to wait for the sweep the sweep and like So what is what is that sweep look like? And then what is also that structural? What you what you define as a structural point to break and then what's your.

00:15:34 Chris Gonzalez

They're tired, darling. Well.

00:15:52 Matt Concordia

Entry and stuff.

00:15:53 Joel Carpenter

So the yellow box is my is my age range, so that's the 8:00 AM. Sorry, the 8:00 PM. Candles through to the 255 candle and the first trade of the day is waiting for that range to be broken, which happens here.

00:16:00 Chris Gonzalez

Perfect.

00:16:08 Joel Carpenter

And then once we get a swing, I'm looking for a breaker structure. And on this particular trade, the breaker structure happens when this candle gets broken.

00:16:20 Matt Concordia

Exactly because that, that candle right there, as it is a lower high to the left of it, it creates a higher high and then there's a lower high to the right of it. So that's why.

00:16:28 Matt Concordia

Or you're getting for a closure outside or above this. In this case, it's high. In order to to validate that as a long.

00:16:35 Joel Carpenter

So actually my entry and I do this all the time. My entry is actually on that candle one, yes, but when this closes I enter a market here.

00:16:40 Matt Concordia

Next week.

00:16:44 Joel Carpenter

And then. As I say, it used to be that we just run for. 2R But now. We the whole point of this test was to. Yeah, I would have got stopped out on this. One would have taken. I would have taken 75% off the table.

00:17:01 Joel Carpenter

Here, at one hour move my stop to break even and I would have got stopped to break even on that trade. So had we not got stopped, it stopped to break even there. I would have taken it to 2R.

00:17:13 Joel Carpenter

And then my stop would have gone to the one R level. OK and then it's and then it's just chasing go to 3R. Stop to two.

00:17:21 Matt Concordia

R2R. Yeah, OK, I think.

00:17:23 Joel Carpenter

I know what I'm doing is I'm taking 75% off the 1st, the 1st at one hour, then fifty of the remainder, then fifty of the remainder, and then leave the runner go.

00:17:33 Joel Carpenter

And I would, I would. I would have got out of that trade the moment I got this reverse, if not exactly and now, so now off the London range. I'm being presented with the short and I would have just exited this trip.

00:17:38 Chris Gonzalez

No.

00:17:46 Joel Carpenter

When this one presented.

00:17:47 Matt Concordia

Yeah, that makes complete sense. And so on that one, the the swing low that you're looking at that got broken was at the bottom of that yellow candle there. Yeah. Yeah, exactly. Exactly. Yeah. So. And. And are you waiting for a closure? Typically, or is it? Is it? Yeah. OK.

00:18:03 Joel Carpenter

Yeah. Yeah. So always a closure. It's always a closure.

00:18:07 Joel Carpenter

Below or above the swing. So that's actually closed one tick lower than these two here. Yeah. Technically that would be would be an entry there.

00:18:18 Matt Concordia

I got it.

00:18:19 Joel Carpenter

Glad it was because it was.

00:18:20 Matt Concordia

A good track. Yeah, it was. It was gorgeous, and it completely makes sense. And so.

00:18:24 Matt Concordia

Yeah. I just. I love it. I love how the the process is very streamlined and then the the you're also paying yourself again because it's so easy to fixate on on the wrist or word and say, hey, it needs to hit 2R. But again, in this case, like it, if it hits that.

00:18:38 Matt Concordia

That London low there by the time he gets down to that London low, that's not 2R, but that's also a significant.

00:18:44 Matt Concordia

Would it equal? That might be worth scaling out on and and that's the thing. I think it's really good. I think it's it's a good habit to get into. Is just taking off, especially in the beginning. It's just scaling out at these liquidity pools, paying yourself a little bit, letting the rest run and then you're good. So I I really like that the whole management technique.

00:19:03 Joel Carpenter

The Holy Grail?

00:19:04 Joel Carpenter

For us, it's been getting something that is.

00:19:06 Joel Carpenter

Nothing's 100% mechanical. We're getting something that's so black and white rules that you, you know, it kind of removes your psychology a little bit from the from the decision making. Now, you know, you can argue all day with people on Twitter about what's better, discretionary or or or mechanical. But if if you can get something mechanical that pays the bills whilst you're getting better.

00:19:26 Joel Carpenter

Discretionary trading. That's for me. That's that's really where I want to be. I I I want to have a a set of rules for every scenario that a trade may present me and it might.

00:19:36 Joel Carpenter

An impossible goal, but you know you go work towards having a a way to make a, you know, a fairly mechanical way to make a decision at each point of a trade and know what you're gonna do. Whatever. You know, whatever happens.

00:19:50 Matt Concordia

Next, absolutely. Absolutely. And it only compounds, right? Like it it it gets harder to make that decision with the.

00:19:55 Matt Concordia

More money that's being risked.

00:19:57 Matt Concordia

And so it's better to to deal.

00:19:58 Matt Concordia

With that right?

00:19:59 Matt Concordia

As soon as you can and and.

00:20:00 Joel Carpenter

How you know we making decision to stop I I used to set my FX replay up with a $10,000 account and my wife Jay was saying ohh. I know I always go for $100,000. I need to familiarize myself with those numbers. You know, I need to see those numbers on the, you know, down down here. I want to see big one because when we actually have an account that's that.

00:20:22 Joel Carpenter

I need to not be scared by.

00:20:23 Joel Carpenter

That you know.

00:20:24 Joel Carpenter

You need to. You need to familiarize yourself with seeing large, large numbers of playing. You know it's only demo money, but you kind of still need to just be comfortable with.

00:20:32 Joel Carpenter

Being a $10,000 drawdown or whatever, absolutely.

00:20:35 Matt Concordia

Joe, I was gonna ask one more. One more thing was that I was wondering if you had like a an analytics page of the the Judas model, essentially that you're testing that we could look at just like overall results and if not, no worries, no.

00:20:48 Joel Carpenter

Stress at all. So yeah, this is the 20. This is the 2020 to full year. Every day. A EU only just just just the euro. USD. Oh, that was the other thing about the the original the original strategy was watching euro and GBP and just. Which one was the stronger of the two, so there was always. It's either whichever 1 entered first or whichever 1 looks stronger if they entered at the same time. I didn't like that. I just wanted to focus on one pair, yeah.

00:21:17 Joel Carpenter

This test was just Euro USD and I mean there's still some, you know, there's still, some flat periods here.

00:21:24 Matt Concordia

No, but that's that's a nice looking equity curve like that. That is that. That's what we want.

00:21:29 Chris Gonzalez

Yeah, go to the bank and put your money there. You will never something like.

00:21:32 Matt Concordia

And then.

00:21:36 Joel Carpenter

Is that really achievable? And I really expect to do 80% on my account in the year, cause if I can, I'm stoked.

00:21:42 Matt Concordia

With that, like that. Yeah, that's phenomenal. Compounded it. That's just such an incredible amount yearly. If if that's if that's achievable. And again like you have the the results here that that show that and again.

00:21:55 Matt Concordia

I don't know. I think that's incredible and I think that's exactly what you want from a strategy. Is that type of equity curve? There's no major, you know.

00:22:02 Matt Concordia

Troughs. It's it's, it's linear. There are some steady periods, but that's always that's going to happen in any strategy or at least from what I've seen, there's always periods in my trading that kind of goes sideways and you're you're there and you're like, what the hell is going on? But.

00:22:15 Matt Concordia

At the end of the day, if you look zoom out, it's going up and and that's ultimately that.

00:22:20 Joel Carpenter

Matters. And that's that's yeah.

00:22:23 Chris Gonzalez

Unlock.

00:22:23 Chris Gonzalez

That's just beautiful.

00:22:25 Matt Concordia

It is.

00:22:26 Chris Gonzalez

Yeah, and and just for the ones that are watching us, this is the same strategy that you're using and you're the one you explained us right. This is the one where you modify the.

00:22:38 Chris Gonzalez

Yeah. Partials, right.

00:22:40 Chris Gonzalez

It looks beautiful. Look at those requirements each month. Like, what else do you want, like, honest? For me, this is great.

00:22:46 Matt Concordia

Yeah.

00:22:48 Joel Carpenter

Yeah. And you know that's that's pretty acceptable for me too, like that's that's if you're if you're trading 1% risk, you're probably not gonna blow an account with.

00:22:58 Joel Carpenter

That.

00:22:59 Joel Carpenter

Thank you.

00:22:59 Joel Carpenter

Keep your risk up and like 13 Max when you know it depends where you start in the you know where you know. If you started trading.

00:23:08 Joel Carpenter

In this month you'd you'd have some drawdown, but you know, you know most most of the year is a is is a positive growth months. You know most young are up in some in some direction.

00:23:19 Joel Carpenter

Remember whether or or maybe October with the negative months.

00:23:22 Joel Carpenter

This is something.

00:23:23 Joel Carpenter

This is something that I love as well, like the sorry this one is it the on the spreadsheet you, you, you track the highest price before the stop loss.

00:23:33 Matt Concordia

Here, exactly. That's the Max ideally and the average ideal just goes to show you know we track it for a couple weeks.

00:23:39 Matt Concordia

After and just see what was the highest price that.

00:23:44 Matt Concordia

That your trade would have run up to, and that's how we get those, those ideal average and Max ideal and so yeah, very, very helpful.

00:23:51 Joel Carpenter

And that's being that's being a really, really useful stat to follow. Like, I don't know, I don't know. I don't know whose idea it was to track that on every trade, but it's it's quite powerful to know over, you know, what? What is it, 354?

00:24:04 Joel Carpenter

Grades perhaps I. How many of them went to three? Are I can check that. How many of them went to four up?

00:24:09 Joel Carpenter

I can check that.

00:24:10 Matt Concordia

Too, you know? Yeah, I I love it. Draw. And and honestly, I'm super grateful that that you came on here and you showed us all this data and and again you can just see for all the effort that it took to to get to that cause even just test.

00:24:20 Matt Concordia

Thing for a full year manually like this is it's no joke. Like it's not, it's not an easy task to do. So appreciate your time and your effort and everything. And and being one of the power users on FX replay bed we we are incredibly grateful to have you on. So thank you so much.

00:24:35 Joel Carpenter

Man, thank you. It's been really good.

00:24:38 Matt Concordia

No worries at all. No worries at all. So I guess that that'll wrap up this, this episode of the Prophet Clear Book with Joel. So appreciate you again and yeah, we'll catch you all in the next one.

00:24:51 Joel Carpenter

Cheers.