Emma´s T20 Journal

[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
 
 


 

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 
 

 

Lesson learned
 

[eaxh]

My second T20 is endend.
Im going to write a reveiw during the weekend. 
I have mixed feelings. But i am on my way to my goal and this is one step closer.


1. Batch 2 Trade 202. Date/Time: 13-11-2020 9: 38 triggered 9:44
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 Sell5. Decision making:
Before i saw this setup 1 i saw a mix of seup 0 and 2. After that it made a new possible 3 and then a pancake type 4. It was a new peak on M1 and a open gator on M5.
It had not showed divergence.
So that what validated it to me.There was a level very close so placed the Po above that because it was still space to hit Tz1.
 6.Feelings during the trade:
The pullback on M1 got kind of long before it was triggered. So i was concerned about that.7.Comments After Exiting the Trade: 
Dont feel very confident.
I know that the profits is not what make a single trade good. But as soon as it´s rented i feel like i should not have taken  the trade.
 Will i take it again? Probably 
Now afterwards i am hearing, take the first and second pullback. But if there is a new wave wave 3 its okey? OR have i misunderstood?

(EDITED : i saw the livewebinar on Youtube and it answered my questions about the trade. And also that the first one i saw was the Good trade. It was just to bad it mingeled with the Purple and not had a blue dot...) 

8. DS For this Trade: 1
9. DS Running Total: 16/20 (80% ) 

b2 T20.png

 
 
 
 
 

[eaxh]

Batch 2- Reveiw.xlsx

 
-Conclusion Batch 2

Now I've done 40 trades and I can't understand how much I learned.
I also can't understand how blind I was and didn't understand what I was doing wrong. 
I can now say that I have a different picture of what levels to the left means.
I have made a very honest assessment of this batch and come to the conclusion that I am not as disciplined as I thought.
Trades I thought were good, I am now ashamed of. 

I am happy of the mistakes i have made and I am also grateful that these mistakes have been pointed out.
I am appy that i made these mistakes at this piont, 3 months into my journey and not after years.

I have revalued my trades and landed on 50% Ds score. Very bad but great room for improvement.

I've come to realize a lot of things. 

- To trade outside boxes on higher timeframes. (witch is NO levels to the left)
- Look more at the M1 and M5 and don't stare me blind at the S12.
- Be patient. The good Setups are coming. 
- Be disciplined. 
- Dare to trust myself and what I've learned. 
- Don't look for setups in a range, no matter how good it looks on the S12. 
- Understood that it is more important to see where in the wave the setup is than how perfect it looks.

I like the S12 and it's a timeframe that suits me as I'm quick to make decisions.
I understand why this timeframe is not always optimal to trade, but to learn Setup 1 and learn to recognize the different forms of this pattern,it is a good timeframe for me. 

Then I'm very eager to start with Lobot. But it won't be until next year.
And in some strange way, I understand it more right now.
It may have to do with the fact that those patterns are not as much candels and easier to understand.
In Batch 3, I won't change much, but there are still some things I'll add.

- Will aim for 2R and move SL to BE at 1R
- Add Setup 2 

This is just the beginning of my journey to becoming a professional trader and I look forward to the insights and lessons I receive during batch 3
 

[immy]

Excellent Review Post. thanks for sharing...

To trade outside boxes on higher timeframes. (witch is NO levels to the left)
- Look more at the M1 and M5 and don't stare me blind at the S12.
- Be patient. The good Setups are coming.
- Be disciplined.
- Dare to trust myself and what I've learned.
- Don't look for setups in a range, no matter how good it looks on the S12.
- Understood that it is more important to see where in the wave the setup is than how perfect it looks.

I may steal these bullet points and add to my latest content... love it.
 
 

[eaxh]

First day of batch 3.

Have written clear rules to be followed for the statistics to be correct.
If I follow the rules I have an edge over other traders and will get Ds1.
This batch, I will be disciplined. Think before I put po is my motto.
With the new understanding of levels, I will take my trading to a new level.


1. Trade Number: Batch 3 Trade
2. Date/Time: 16/ 11-2020 10:09
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 2 Sell

5. Decision making:
Saw that both M5 and M1 was in an impulswave.
When M1 was pulling back i saw a setup on s12. Thinking these are the ones i should take.
Confident about the setup.
6.Feelings during the trade:
Not mutch. I thought it would work.
7..Comments After Exiting the Trade:
Got stopped out. Not a good feeling but i need to teach my brain that  this it how trading works. No matter how perfect the setup is, it still might dont work.

8. DS For this Trade: 1
9. DS Running Total: 1 / 1 (100% )

 

Batch 3 Trade 1.png

 

 
 

[eaxh]

Excellent Review Post. thanks for sharing...

To trade outside boxes on higher timeframes. (witch is NO levels to the left)
- Look more at the M1 and M5 and don't stare me blind at the S12.
- Be patient. The good Setups are coming.
- Be disciplined.
- Dare to trust myself and what I've learned.
- Don't look for setups in a range, no matter how good it looks on the S12.
- Understood that it is more important to see where in the wave the setup is than how perfect it looks.

I may steal these bullet points and add to my latest content... love it.
 
 

 

Thank u!
Now the hardest thing follows... to keep up with these new rules.
But i will get disciplined and and this should be on the chart before I put a pending order.
 

[eaxh]

I have a Question to all you more experienced traders

For the next two weeks I will train my son with a day care center and will therefore not be able to traida London Open . But i will be home for the afternoon.
Can I do that i trade dax at the New York Open, or maybe even us30?
I have noticed that us30 looks to move a little cleaner than Dax sometimes.

What to consider at NYO? Is there anything special that is different from at LO?
I've been watching NYO now for a few weeks and see that it would be a good session to trade either Dax or Us30.

/ Emma

[immy]

YES absolutely...

one BIG difference....

US30 starts a bit whacky spiky at times... settles down after 10 min or so...

[eaxh]

YES absolutely...

one BIG difference....

US30 starts a bit whacky spiky at times... settles down after 10 min or so...

 

Thanks for the answer Immy
i Will keep that in mind.

[eaxh]

1. Trade Number: Batch 3 Trade 22. Date/Time: 19/ 11-2020 8:59
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 2 Sell
 5. Decision making:
M5 was out of the box and the M1 was pulling back creating a setup on s12 right at/belox the Lo-line

 6.Feelings during the trade:
panic and chickened out.
 7.Comments After Exiting the Trade:

with the result in hand, I would have stayed in, would have become a BE but a ds1. Now it became ds0 for poor handling. Feeling shitty. I promised myself to not touch the trade when the Po is triggered.....
8. DS For this Trade: 0
9. DS Running Total: 1 / 2 (50% ) 

Batch 3 Trade 2.png