Emma´s T20 Journal

[eaxh]

Trades like this triggers my prain to overthink. If it would have continued to the downside i would most probably be proud for spotting a Perfect setup one. But now when it went and reversed i start looking for signs why i didnt work.
I need to just learn that this is what trading is. 
On this particular trade, i had a managing error.

But overall, i shouldnt overthink!
I am not even on a live account, i´m still learning new things abput trading and trading phycology every day.

On these 35 trades i have lost 1% on my demo account. I should be proud for learning without loosing money 

I have added the hunt indicators to make my eyes aware and used to them before i start trading them.
 
1. Batch 2 Trade 132. Date/Time: 1/10-2020 9:15
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 sell
5. Decision making:
i saw that M1 probably was in a new wave 3 on the wave down on M5.
I saw a pullback on M1 wich resulted in a setup one on S12. The Box was tight, AO close to zeroline, the purple was at the top of the box but not in the gator so the trade were away from purple line.
Set a PO
 6.Feelings during the trade:
I Should have checked the settings on atm before i placed the pending order. The sellstop was put at the box edge, instead of 1 pip + spread below.7.Comments After Exiting the Trade:  ’Because i didnt check the settings on ATM, the order was triggered to fast. I shouldnt even been triggered if i set it right. So therefore , it´s a DS0.
8. DS For this Trade: 0
9. DS Running Total: 9/19 (69% ) 

B2 T 13.png

 
 
 

[immy]

1. Trade Number: Batch 2 trade 4
2. Date/Time: 18/9-2020 8:47
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 Buy

5. Decision making:
Very tight box, sleeping gator , close to zeroline. Impulswave and a pullback within 40-96 candels.
Placed PO
6.Feelings during the trade:
Its a Ds1 and i should not make it a ds0 by closing it or move stoploss och target.
It´s very tempting though.
7.Comments After Exiting the Trade: It was a Ds1. Should i have taken it if i didnt do the t20?. No because it was most probably the end of wave 4 on m1.
This is what i have a problem with.

Should i take trade like this when my mind screames dont do it! because it is according to the T20 rules. Impuls,pullback, ctzl, Sleeeping gator and tight box.
It is this that is the thing you should accieve of T20? To just do what the rules says? Even if i know more and most probably would filtered this if it was a live account?


8. DS For this Trade: 1 ( re-evaluate this trade to DS0) It was my wantingtotrade-mind who made an error.
9. DS Running Total: 3/4 (75% )



b2 t4.png


 

Emma

This is a very useful post... I have read all the posts ... and really enjoyed reading your thoughts and the trades you took. the answer to your question deserves a video...I'm going to reply in vidoe soon... 

cheers 
 

[eaxh]

1. Trade Number: Batch 2 trade 4
2. Date/Time: 18/9-2020 8:47
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 Buy

5. Decision making:
Very tight box, sleeping gator , close to zeroline. Impulswave and a pullback within 40-96 candels.
Placed PO
6.Feelings during the trade:
Its a Ds1 and i should not make it a ds0 by closing it or move stoploss och target.
It´s very tempting though.
7.Comments After Exiting the Trade: It was a Ds1. Should i have taken it if i didnt do the t20?. No because it was most probably the end of wave 4 on m1.
This is what i have a problem with.

Should i take trade like this when my mind screames dont do it! because it is according to the T20 rules. Impuls,pullback, ctzl, Sleeeping gator and tight box.
It is this that is the thing you should accieve of T20? To just do what the rules says? Even if i know more and most probably would filtered this if it was a live account?


8. DS For this Trade: 1 ( re-evaluate this trade to DS0) It was my wantingtotrade-mind who made an error.
9. DS Running Total: 3/4 (75% )



b2 t4.png


 

Emma

This is a very useful post... I have read all the posts ... and really ennoy reading your thoughts and the trades you took. the answer to your question deserve a video...I'm going to reply in vidoe soon... 

cheers 

 

Hi Immy!

Wow! Thank u!
I really looking forward to see the video.

Have a great day!
 

[eaxh]

At this time my focus are just do take ds1,trades, get disciplined so i can add the hunt. I watch the market and really take my time to look and validate or filter all the signals, but only to take the Setup 1´s at this batch.
 1. Batch 2 Trade 142. Date/Time: 8/10-2020 9:37
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 sell

5. Decision making:
The price was at london open and retested it that.i saw the gator open down on m1. It had broken the range and was ready for a pullback. It created a setup 1 on s12 so i put on a po.6.Feelings during the trade:
i want it to be a winner. But remind myself of that it is random. The setup could be 100% perfect and still go the other way.

7.Comments After Exiting the Trade: 
Happy for my ds 1. I saw the structure but i got btraped. The price stopped me out and then continued to flow down and make another beautiful wave down.
8. DS For this Trade : 1
9. DS Running Total: 10/14 (69% )
 

b 2 T 14.png

After this second looong wave down i saw another setup one, but with the box too big. It later creater a insidebox and my TP is before the previous swinglow. ant the M1 did not show divergence within the wave at that time. Does that mean i can take trades like that and still get a ds1?

 

ide.png

 
 
 

[eaxh]

1. Batch 2 Trade 152. Date/Time: 9/10-2020 8:22
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 sell

5. Decision making:
i saw the price mooving down towards lo-line and also to a important level. It is the swing low from yesterday. It created a setup one according to the rules so i put a pending order.
In my Ds1rules, the Lo-level is not included.

6.Feelings during the trade:
i know that it will problably dont break this level at this moment. But its not impossible, so just wait and see.

7.Comments After Exiting the Trade: 
The price bounced of and went up again. 

8. DS For this Trade: 1
9. DS Running Total: 11/15 (73% )
 

b 2 T 15.png

 
Then this setup 1 came but the box was rather big (not in pips, but in proportion to the impulswave) and my tp was below the TZ1 so i fitered it. 
 

filtered 9.10.png

 
 

[eaxh]

Today i made some analysis before the LO.
I wrote this:
From a larger perspective, a wave 1,2,3,4,5 has endend and is now in a corecction
from a even bigger perspective. So today under LO we will se a wave C end. So probably a bearish LO.

I was right.. or was i lucky?
Am i beginning to see the pattern or am i just guessing?

It feels like i start to developing a feel for the market.

ANOTHER BEAUTIFUL LEARNING MORNING

I´m going to be honest, i took this trade to get a ds1. Not because i was thinking i would win.... 
Is that right or wrong i the t20 training?1. Batch 2 Trade 162. Date/Time: 9/10-2020 8.48
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 bUY5. Decision making:
M5 semed to be in a big pullback, the m1 in a pretty strong reversal with open gator. Then a setup 1 was showing on s12. So i put a pending order6.Feelings during the trade:
My gutfeeling says i will be stopped out and then it will go down and reverse to go up again or go down to continue the wave down.7.Comments After Exiting the Trade: 
got stopped out, but it is a ds1 so i am happy. 8. DS For this Trade: 1
9. DS Running Total: 12/16 (75% )

b 2 T 16.png

 

[immy]

Hi Emma

Its good to see that you have included the m1 and m5 charts...

You cannot convince me that this was a good setup 1 long.I've watched DAX all day today... i have not seen buy setups at all...

You clearly saw the your M1 is within Wave 4... Under such circumstances you don't trader the S12 LONG...

Not to mention the most important bit, which is ... S12 chart is NOT always suitable to trade. Today was not one of those days.

Volatility has to be high enough to play the S12 chart. But we will leave that "subjective" anlaysis bit of trading to later... For now... you have to make srue, you DONT trade against your M1 chart.

Everything, is pointing down while you've taken a long... Don't do that..



cheers

[eaxh]

Hi Immy! Lesson learned  I love feedback like this. Makes me dont do this mistake again. And when the volatilie is low again i will only watch the market. There is ALOT to learn from screentime.  /Emma   

[eaxh]

Today i didnt trade. I watched the market closely and was observing. saw that h1 was in a sliw correctionwave and the momentum on s12 was probably going to be low at tidays london open.
And as i thought, not much momentum on the lower timeframes. Is stuck inside the premarket range for a while. 
Breaks out, but becouse of the low momentum the spread was to big on s12. 

So back for it tomorrow

[immy]

Today i didnt trade. I watched the market closely and was observing. saw that h1 was in a sliw correctionwave and the momentum on s12 was probably going to be low at tidays london open.
And as i thought, not much momentum on the lower timeframes. Is stuck inside the premarket range for a while. 
Breaks out, but becouse of the low momentum the spread was to big on s12. 

So back for it tomorrow

 

Hi Emma

That is some pro-level analysis... Keep it up. that's what it is. We don't trade every day just for the sake of it. 
Now I know there are pro's who can find a stock or two to trade nearly every day but even they have bad and good days. 
Your analysis was spot on. First thing for a day trader is to "sense" volatility. If you can't do that, trend analysis will not help as much. 
We, as day traders, want to know Volatility, the momentum and those two will create THE TREND. 
 

cheers