Emma´s T20 Journal

[eaxh]

The Two Pictures have a total different story behind it
1. The long was taken when Gold was experiencing some bullish volatility and the trend was CLEARLy up on the hourly chart. Perfect H1/M1 setup.
2. The short was taken on the 22nd, low volatility period, the trend had a massive setup the day before but there was no strong downtrend present.
The Setup on m1 was NOT beautiful setup 1 as you have point it out yourself. You can clearly see that price has hit levels to the left n h1, and m5 is showing a FAKEout ... of the box low which is also the same move you're pointing with black arrow on the m1. So based on this pattern and the Flowchart rules you should have NOT taken this short setup.

The H1/M1 setup = HIGH VOLATILITY = lets take advantage of it by dropping to m1. We are assuming that a Strong Trend Candle on H1 is usually followed by another strong trend candle.

hope this helps

 

Thanks for your guidance
This is really helpful.

It helps me to build my confidence in trading to see that you validate my thoughts about these two setups.
 

[eaxh]

Maybe i should start a new batch when i now trade the M1...
But here is trade 12 of this batch.


I will take Setup 1´s and setup 2´s (S12 setups1)
I do all my trades on M1 from now on.


1. Trade Number: Batch 3 Trade 12
2. Date/Time: 4/1-2021 16:55
3. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 2 Sell
 5. Decision making:
I came to my computer and saw that the S1 had already broke out. So i waited for the setup 2, wich would have been a s1 on s12.
i placed a pending order below the box with SL above it.
 
6.Feelings during the trade:
i risked 1 %, but because of my miniaccount my risk was a bit higher so i put on the candletrail before 1R. I didnt want to risk more than 1%.
 

7.Comments After Exiting the Trade:
Got out with 1R profit wich became 2%.

Feel a little greedy… it went to my my 2R target after. But i could not have knowned that. It could as easily went against me so i feel like i did the right thing to  do it to play it safe.
 
8. DS For this Trade: 0, because of me touching it.

9. DS Running Total: 6/12 (50% ) 

10. what did i learn from this trade?
I learned that i like setup2´s (boxbreaks in the direction of the higher timeframe)
I learned to act on the setup. 
I feel that is easier to dont hesitate to take them, because they are so obvious. for me, the setup 1´s have so much going on and so many box levels so its very confusing.

Batch 3 Trade 12.png

 
 

[eaxh]

1. Trade Number: Batch 3 Trade 13
 2. Date/Time: 5/1-2021 13:17
 3. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 2 Sell

 5. Decision making:
I see a 3 and a 4 on m1. I see the internal 1,2,3,4 of the m5.
What worries me is a level to the left on m5. But it has gone down through Lo- line and bounced against it.
And there is a setup 1 so i take the setup 1.

 6.Feelings during the trade:
Now i am secondguessing it. Is the level to the left more important than that it went below the lo-line and bounced it.
But i have nog placed the order so i am not going to close it, just because i am unsure.
I hear Immys voice in my head- Never trade whit levels to the left. I still i do…
There always almost going to be some levels to the left… So wich is the one to filter…
The discretionpart is still hard. Cause that just makes me unconfident so i dont take a setup when i see it. But now i did.

Now it has printed a black dot, i want to get out.
 Get releaved when the sl is moving to be.

 7.Comments After Exiting the Trade:I am SOO happy to have stayed in the trade. DS1 for me
I know its´s not the outcome is now what makes a trade good, but it feels great.

 8. DS For this Trade: 1

9. DS Running Total: 7/13 (53% )
 10. what did i learned?
 I have learned that i have discipline issues. I have trouble with having confident in taking the setup.
I am feeling like the stage ”consious incompetent”. It feels like i know nothing, but at the same time i have learned alot and still do.
So i think that the solution is to just continue and the confident will come.

Batch 3 trade 13.png

 
 
 

[immy]

1. Trade Number: Batch 3 Trade 13
 2. Date/Time: 5/1-2021 13:17
 3. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 2 Sell

 5. Decision making:
I see a 3 and a 4 on m1. I see the internal 1,2,3,4 of the m5.
What worries me is a level to the left on m5. But it has gone down through Lo- line and bounced against it.
And there is a setup 1 so i take the setup 1.

 6.Feelings during the trade:
Now i am secondguessing it. Is the level to the left more important than that it went below the lo-line and bounced it.
But i have nog placed the order so i am not going to close it, just because i am unsure.
I hear Immys voice in my head- Never trade whit levels to the left. I still i do…
There always almost going to be some levels to the left… So wich is the one to filter…
The discretionpart is still hard. Cause that just makes me unconfident so i dont take a setup when i see it. But now i did.

Now it has printed a black dot, i want to get out.
 Get releaved when the sl is moving to be.

 7.Comments After Exiting the Trade:I am SOO happy to have stayed in the trade. DS1 for me
I know its´s not the outcome is now what makes a trade good, but it feels great.

 8. DS For this Trade: 0, because of me touching it.

9. DS Running Total: 7/13 (53% )
 10. what did i learned?
 I have learned that i have discipline issues. I have trouble with having confident in taking the setup.
I am feeling like the stage ”consious incompetent”. It feels like i know nothing, but at the same time i have learned alot and still do.
So i think that the solution is to just continue and the confident will come.


Batch 3 trade 13.png
 
 

 

Hey 

Very good trade and well managed. You are getting there in baby step at a time... Keep chugging along... Don't stop...
 

[eaxh]

1. Trade Number: Batch 3 Trade 14

 2. Date/Time: 6/1-2021 8:34

 3. Symbol/TF: GER30/ M1


4. Signal Type / Direction : Setup 1 Sell

5. Decision making:
The gator wa sopen down, a cherry on m5, and a setup 1 om m1. It had levels to the left, but the box was tight so the tp was above the low of wave 3, wich gave me confident in taking it.

6.Feelings during the trade:
It hit SL-be rather quick. So always a great feeling.
Not really nervous. Was feeling good during the trade.

 7.Comments After Exiting the Trade:It is a ds1. The setup is good. But i not exactly sure of the position of it on the htf.

 
 8. DS For this Trade: 1

9. DS Running Total: 8/14 (57% )

 10. what did i learned? Maybe Its not setups like this that would make it an edge, because of the position on m5.
Although i still think i was aware of the risk and it was still quite small, and the probability for it to go to the peak of wave 3 was there.

Batch 3 trade 14.png

 
 
 

[eaxh]

1. Trade Number: Batch 3 Trade 13
 2. Date/Time: 5/1-2021 13:17
 3. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 2 Sell

 5. Decision making:
I see a 3 and a 4 on m1. I see the internal 1,2,3,4 of the m5.
What worries me is a level to the left on m5. But it has gone down through Lo- line and bounced against it.
And there is a setup 1 so i take the setup 1.

 6.Feelings during the trade:
Now i am secondguessing it. Is the level to the left more important than that it went below the lo-line and bounced it.
But i have nog placed the order so i am not going to close it, just because i am unsure.
I hear Immys voice in my head- Never trade whit levels to the left. I still i do…
There always almost going to be some levels to the left… So wich is the one to filter…
The discretionpart is still hard. Cause that just makes me unconfident so i dont take a setup when i see it. But now i did.

Now it has printed a black dot, i want to get out.
 Get releaved when the sl is moving to be.

 7.Comments After Exiting the Trade:I am SOO happy to have stayed in the trade. DS1 for me
I know its´s not the outcome is now what makes a trade good, but it feels great.

 8. DS For this Trade: 0, because of me touching it.

9. DS Running Total: 7/13 (53% )
 10. what did i learned?
 I have learned that i have discipline issues. I have trouble with having confident in taking the setup.
I am feeling like the stage ”consious incompetent”. It feels like i know nothing, but at the same time i have learned alot and still do.
So i think that the solution is to just continue and the confident will come.


Batch 3 trade 13.png
 
 


 

Hey 

Very good trade and well managed. You are getting there in baby step at a time... Keep chugging along... Don't stop...
 

 

Thanks for the support!
I will get there, i am not here to fail 
 

[eaxh]

1. Trade Number: Batch 3 Trade 15

2. Date/Time: 18/1-21
3. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 1 Buy

5. Decision making:

Saw that the m5 was in a sideways pullback with the gator open above the previous levels.
What i saw on m1 was a setup 1. I was having a hard time deside wether the levels to the left was to close. I decided that they were so i placed the pending order above the peak of wave 3.
 
6.Feelings during the trade:
get the feeling i should have placed the po above the tight box.
It nice to see others in the chatroom take the setup 1 as well. All Though i think they have the order around the tight box.

7.Comments After Exiting the Trade:It was a setup 1 and i took the setup 1 according to the rules.  So a ds1.
But the risk was unnecessarily large even if it was according to the rules.

8. DS For this Trade: 1
9. DS Running Total: 9/15 (60% )

10. what did i learned?
That i sometimes need to just not think…
I dont know if my managing like this will keep me safer or if it is going to hurt me in the long run.
If i am going to catch the moves i need to have a tight sl. But because dax can take some large moves, maybe it was a good descision. I will not put more thinkingpower on this trade, i move forward.

The screentime will make it more clear i am sure

Batch 3 trade 15.png

 
 
 

[eaxh]

1. Trade Number: Batch 3 Trade 16
 2. Date/Time: 20/1-21
 3. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 1 Buy

 5. Decision making:
saw the m5 breaking out strongly from the premarket range. And when it pulled back the m1 created a setup 1.
My concerns about the setup was that is was a deep pullback, moore than 50%. Also that the wave 3 was kind of parabolic.
BUT it was still above the purple and the other criterias where met.
A good thing about the setup was that the tp was inside the peak of wave 3.

 6.Feelings during the trade:
this trade is an emotionell rollercoaster. I dont like it when it triggers the order and then jump right into the wave 4 area again. The setup was called to not be a setup in the chatroom. But as i am already in it, it is what it is.
It is a ds1 and i will not touch it.
I want to cancel it when it is at be just do ”delete” it. But for the future, if i stay in it i will remember it and the lessons it gave me.
Took a while but it reached 1R and SL was moved to BE.

 7.Comments After Exiting the Trade:
Ended be. Good to have a ds1!

 8. DS For this Trade: 1

9. DS Running Total: 10/16 (63% )

 10. what did i learned?
That the symmetry of the setup is more important than i thought and that i am as disciplined as i decide to be.
 
 

[immy]

This last trade... You really held on to your guts... you kept your promise to yourself.

You knew everyone got in an then got out and closed their charts but you were on a mission.

You wanted to achieve that DS1 ... and you did

Well done...

This is not a Good trade management example based on what the market was doing. And thaat is exactly the point of this exercise.

When you advance to the next stage your goals will change. You will start focusing on managing your trades better ... the ART OF TRADING will enter the scene

looking forward to that .

[eaxh]

1. Trade Number: Batch 3 Trade 17

 2. Date/Time: 21/1-21

 3. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 1 Sell

 5. Decision making:
Have to just point out that i was a bit iffy about the charts.. i saw the price go through LO and bounced against it. I saw the first red dot and the cross och zeroline. I decided not to take it due to te tp was after tz1. It still went sideways and created an insidebox with a red dot. The TP was now before Tz1 and the SL-BE around peak of wave 3. So i put a pending order.

 6.Feelings during the trade:
it was a b-trap, but i am still in. Bounce up and creates a lower box high and i think. It can go down. But it doesn´t. Kickes me out.

 7.Comments After Exiting the Trade:
kind of feel i should not have taken it.
But, i took the signal, i stayed in. And i will learn from it.

 8. DS For this Trade: 1

9. DS Running Total: 11/17 (65% )

10. what did i learned?
When i see a b-trap, get out quickly. I can always re-enter if the conditions are right. But in this case it was pretty clear that it was about to move up och stay inside the four a while because it was not only a b-trap. It also bounced against the lows of the m5.
For the future - this might be a situatuon to take half the risk and add on if it breaks the low of 3.

Batch 3 trade 17.png