Emma´s T20 Journal

[immy]

 I have a quiestion about the correctionwaves.
When is the time that it is okey to consider it a reversal instead of a wave 4?
Is it when the price har gone through the purple?
Or is it when it forms a fractal above the purple?
Or is it when it crashes through with strong momentum?

My question is when is it okey to look and take signals at the opposite direction.
So in this example, when do i start take long positions?
In this case it might form a setup 0 short on m1.

 
 
 
 

 

Hi 

Great question again. The rule I apply is that when price crosses the purple I'm no longer interested. It might still be wave 4, it might still do wave 5 but for the purpose of AIMS the Setup entry its not a setup anymore. So I'm not interested. 
There are 3 types of Wave 4's (various types grouped) 
1. The flat boxes with little retrace...
2. The Zig Zag wave 4 (price goes back to purple creating abc wave)
3. The weird chaotic one with deeper pullbacks... (don't want this) 

We love the first one, its great for setup 1.. .the 2nd one is great for Apple type of trades but also gives setup 1... 3rd type is nightmare... 

hope this helps..

cheers 
 

[eaxh]

 I have a quiestion about the correctionwaves.
When is the time that it is okey to consider it a reversal instead of a wave 4?
Is it when the price har gone through the purple?
Or is it when it forms a fractal above the purple?
Or is it when it crashes through with strong momentum?

My question is when is it okey to look and take signals at the opposite direction.
So in this example, when do i start take long positions?
In this case it might form a setup 0 short on m1.

 
 
 
 


 

Hi 

Great question again. The rule I apply is that when price crosses the purple I'm no longer interested. It might still be wave 4, it might still do wave 5 but for the purpose of AIMS the Setup entry its not a setup anymore. So I'm not interested. 
There are 3 types of Wave 4's (various types grouped) 
1. The flat boxes with little retrace...
2. The Zig Zag wave 4 (price goes back to purple creating abc wave)
3. The weird chaotic one with deeper pullbacks... (don't want this) 

We love the first one, its great for setup 1.. .the 2nd one is great for Apple type of trades but also gives setup 1... 3rd type is nightmare... 

hope this helps..

cheers 
 

 

Hi!

Great answers. this really helps.
I´ve read the thread in the forum that you recommended and i think i understand. 

All your comments are really helpful and it always makes me start to think and look at charts to see exampels so i can be better to spot them in the livemarket.

When trading the 12-second chart i need to be prepared and know what to look for.

[eaxh]

Today was the election, but i still watch the market as i always do at LO, even if there is no trade available.

I spotted this setup when the premarket range was broken.
It hit the TZ1 and should have been a nice 2R target.

Skärmbild 2020-11-03 no trade day.png

 

Skärmbild 2020-11-03 huvud trade.png

 
 

[eaxh]

Today I was confused.
I have come to the point where i have learnt alot, had alot of charttime ( for me)
But i just get confused. 

I know the Setup 1 rules. I believe i can see a setup 1 now and how it mirrors on the other timeframes.
And i also notise the price action, i notice important levels and the importance of the purple.

This makes me really picky when it comes to setup 1´s. And i don´t know if i am Too picky or if i am really disciplined?

I see some of the entrys taken in the Chatroom before they are posted. Lobot metod.

I am very aware of this process of becoming a trader and what it takes to be disciplined and to look at the market with an opened mind. 
I just have a hard time to feel where in the process i am. 

I usually just go for things, often too fast. But i´ll make it work along the way.
But  know this is a very complex thing to learn so i have really given myself ALOT of time to study, time to look at charts and time to think and form my own understanding from everything i read and hear.

This last Batch has taken FOOREEVER. I dont have a problem with that because i know i am learning even when i ´m not executing trades.

In the beginning i was just looking for Ds1 trades for the score.
I dont mean that i dont want ds1 scores now, but i see so much more.
So when the "setup 1"(according to the rules)  show up i filter it. because of levels, the place in the wave of higher timeframes. And becasue it don´t look good on the higher timeframe.
So it feels im ntot taking the good one´s and taking the less probability one´s or no one at all.

So i am stuck. or i feel a little bit stuck.
I want to just end this batch right now and add more entrys so i can take more signals and still be disciplined.
But that wouldn´t be disciplined... Because i said i would do this batch.


 

 
 

[immy]

 Here take a @};- 
 
 
 
 
 

[eaxh]

Thank u!  

[eaxh]

Another fantastic learning day. With alot of valueble teaching in the chatroom.

And i took the 19th trade. 

1. Batch 2 Trade 19
2. Date/Time: 10-11-1020 8:42
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 Sell

5. Decision making:
The price was outside the range on m5 and m1.
Saw the setup on s12 and tried not to be too analytic. Just to take the setup when it shows.6.Feelings during the trade:
Do not no anythinhg.
7.Comments After Exiting the Trade: 
secondguessing nmy judgement.  The gator lines on m5 was down-ish, but not completely open down so maybe not the best setup.
But it was a setup s per my Stage 1 rules. So i give myself a ds1 

8. DS For this Trade: 1
9. DS Running Total: 15/19 (79% )
 

B2 T 19.png

 
 

[eaxh]

Today i spotted the perfect setup.To bad for me that it was before LO.
 

PERFECT!!!.png

 Things get clearer for me slowly but surely.
I think wat is getting me confused is that i try to see patterns and structure where there is none.
Like in a range.My brain always try to find explanations and answers.
But the answer is in the market.
So i need to just see whats there.
I also think i am to strict on filtering. I am to strict on how the pattern should look.
I see alot of patterns but i have a hard time validating them. I see the setup and then i think… the levels are there, there is a strange looking candle that talks against the setup.I need to be open to what i see and also dont think about EVERYTHING.
Too be careful but that doesnt meen do not trade, it means just be careful.
There is almost always going to be some sort of level to the left somewhere. I need to find whats just right!

Skärmbild 2020-11-12 1.png

 
Is it breaking out?

Skärmbild 2020-11-12 2.png

   Is it a waltz or a rejection of the level?..

Skärmbild 2020-11-12 3.png

  Later on it is a waltz-ish pattern on the M5 and a pullback on M1.
But then on the s12 it looks like the potential S1 is too deep to fast.Should i even be looking for setups when its so close to a level?
 

Skärmbild 2020-11-12 4.png

 A setup, but the TZ was to close to even make 1 R
And it should not been triggered.

I´ll be back tomorrow for more learning
 

[immy]

Another fantastic learning day. With alot of valueble teaching in the chatroom.

And i took the 19th trade. 

1. Batch 2 Trade 19
2. Date/Time: 10-11-1020 8:42
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 Sell

5. Decision making:
The price was outside the range on m5 and m1.
Saw the setup on s12 and tried not to be too analytic. Just to take the setup when it shows.6.Feelings during the trade:
Do not no anythinhg.
7.Comments After Exiting the Trade: 
secondguessing nmy judgement.  The gator lines on m5 was down-ish, but not completely open down so maybe not the best setup.
But it was a setup s per my Stage 1 rules. So i give myself a ds1 

8. DS For this Trade: 1
9. DS Running Total: 15/19 (79% )
 B2 T 19.png
 
 

 

No, the gator lines on the M5 were NOT downish. ... we don't wnat that situation...
We want M5 and M1 Gators OPEN and in the same direction and NO LEVELS TO THE LEFT... Preferably price going AWAY from London Open Price... Not coming back to it... not going sideways... etc etc 
 

[immy]

Today i spotted the perfect setup.To bad for me that it was before LO.
 PERFECT!!!.png
 Things get clearer for me slowly but surely.
I think wat is getting me confused is that i try to see patterns and structure where there is none.
Like in a range.My brain always try to find explanations and answers.
But the answer is in the market.
So i need to just see whats there.
I also think i am to strict on filtering. I am to strict on how the pattern should look.
I see alot of patterns but i have a hard time validating them. I see the setup and then i think… the levels are there, there is a strange looking candle that talks against the setup.I need to be open to what i see and also dont think about EVERYTHING.
Too be careful but that doesnt meen do not trade, it means just be careful.
There is almost always going to be some sort of level to the left somewhere. I need to find whats just right!Skärmbild 2020-11-12 1.png
 
Is it breaking out?Skärmbild 2020-11-12 2.png
   Is it a waltz or a rejection of the level?..Skärmbild 2020-11-12 3.png
  Later on it is a waltz-ish pattern on the M5 and a pullback on M1.
But then on the s12 it looks like the potential S1 is too deep to fast.Should i even be looking for setups when its so close to a level?
 Skärmbild 2020-11-12 4.png
 A setup, but the TZ was to close to even make 1 R
And it should not been triggered.

I´ll be back tomorrow for more learning
 

 

?That's the type of setup you can take any time of the day... because it was moving clearly, with pretty good momentum and volatility... but it's great you did not take it. DS1 ... Perfect scenario ... Clear m5, Clear M1 and Clear S12.... I talked about it for an hour in the Discord channel today.