2 Nov 2021

This forum started for the BANANA Project. Now it's complete. You can simply go to https://itradeaims.net/banana to learn more. Or take the course here https://itradeaims.net/courses
Post Reply
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

2 Nov 2021

Unread post by immy »

The Story So Far 

The market opened with a Clear uptrend. 

All I had to do was wait for a setup ... 

Found one that broke out and Restest the highs... I got in ... 6 minutes later 2R (2.1% ) banked. 

https://www.screencast.com/t/Tlgohf5hYb

Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

GU H1/M5/M1

Unread post by immy »

Saw that GU was in a  trading range 

Posted the analysis screenshot in the Discord group earlier 

Then I set an alert 2 pips below the range low

The alert went off at around the last 10 minutes of the first hour of LO. 8.50 am UK. 

I dropped to m5 to see what's going on.

I then saw price interacting with the lows. 

that gave me the idea to check m1. 

and found this setup ... before I knew it I was in. 

Unfortunately, ATM calculated lot size based on 100 pips. don't know why. 

https://www.screencast.com/t/II8em9VqReD
Image

The M5 chart 

https://www.screencast.com/t/8bcrlbyG08 ... -09.05.jpg[/img]
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Break and Pause Long DAX M1

Unread post by immy »

Here we have a break and a pause... I took the Waltz Seed Long which has just turned into a BE Trade as I write this - Result BE

https://www.screencast.com/t/5aKffBzhlY
Image

Result BE

https://www.screencast.com/t/hUOXRZf20e
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

The 5 Minute Time Frame is BETTER

Unread post by immy »

The more I look at the M5 chart the more I fall in love with it. The temperament of M5 is also very good.

The 5-minute time frame allows you to switch to another chart for a minute or two. You can follow 3 markets easily.
e..g EU GU DAX during LO and perhaps US100, US30 and UJ or USDCAD during US session
or
keep 6 charts EU GU UJ DAX DOW NAS on h1 and drop to m5 when you see CLEAR moves. 

If you fall victim to making mistakes, rash decisions, feel rushed due to the speed of m1, then consider trading the 5 minute chart instead. 

HEre is DAX M5 today 

https://www.screencast.com/t/Goech3v2f4uL

Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

WHY NO REPLIES? No Interaction?

Unread post by immy »

I share my trades, analysis, and trading techniques so that the members of this small community can benefit in some way.

However, I also want to see some interaction and back and forth replies to my topics and posts. 

I wonder if I'm doing something wrong? 

I think that because ...
I hardly get any reply. 

Does it mean that nobody likes this content?  (we can track that if people hit Like button or even better reply to the posts) 
Does it mean nobody views this content? (we can track that) 
Does it mean it has no value for most here?  (comment if you agree/disagree) 

Please let me know if you're reading this, what can I do to improve. I'd love to have interactions with others> moreover, I'd love to see others interacting with each other. 

I will continue no matter, as it helps me become a better trader but I can do it privately if there is no public interest. 

Cheers :( 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
Darren
Posts: 891
Joined: 20 Nov 2012, 13:54
12

Re: 2 Nov 2021

Unread post by Darren »

I am reading this and find it enormously useful! I like to see your thought process and the way you annotate your charts does get that thought process across. 

When I take a trade I will be adding it to my journal, I just haven't taken very many recently.  :rock
 
Post Reply