Emma´s T20 Journal

[eaxh]

Hey Emma

Been reading your journal with great interest. Some good work going on here. I commend you on this. And I can assure you that your understanding of the Setup 1 is spot on now. I think its is time you learn to apply a more robust Trade Management. One that allows you to extract profit from your good trades. We shall discuss in the chatroom when we get to meet next time 

cheers and have a good weekend. 
 
Ps: when you're ready, go over all of your good setup 1's and ask how could you have managed this trade differently, for stage 2 so that you could have extracted profit from it? It will give you some ideas. one hint: Small box = 2R hit easily. 
 

 

Hi Immy!

I cannot thank you enough for all your encouragement, constructive criticism and help along my journey so far

I feel more confident in the setup and i am ready for another challenge, to get more profits out of the market.

Hope you have a great weekend!

[eaxh]

I will post this to remind myself of this day.

I am up at BE on my account. 
I have been hovering under it this whole time.

psychologically, it feels good, although I know that the way up has its turns.

 

[eaxh]

Not very proud to post this...
Not because it is a rent, but the fact that i did not followed my rules.

Trade Number: Batch 4 Trade 1
2. Date/Time: 2/2-2021 8:473. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 1 Buy


5. Questions Before Trade is Taken:
a) How do I feel before setting the order? neutral
b) Intuitive Signal? I have a feeling that this is a contiuation
c) Is this technically The Setup 1?
no i got in early. Even thought the pattern is there. The gator is not in the box. And there is no dot….
everything else is in line with the setup.


6. Post Trade Questions: 
a) How Do I feel after closing the trade?not so good.. but i have in mind that it gould set up again. And i will not let this one affect my descisons today.
b) Have I done well and why? Yes, i followed my trademanagement which is ” do not touch it”
c) Have done badly and Why? Yes ,I wasn´t 100% strict on the rules
d) What Could I have done differently? Waited for a fresh box.
I have too see a good thing that this one did not work. I will remember to wait.

7. DS For this Trade:  cant give myself a 1 for this.
8. DS Running Total: 0/1 (0%)
 

Batch 4 Trade 1.png

 

[eaxh]

Trade Number: Batch 4 Trade 2
2. Date/Time: 2/2-2021 9:003. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 1 Buy


5. Questions Before Trade is Taken:
a) How do I feel before setting the order? A little bit nervous...
b) Intuitive Signal? I still have a feeling that this is a contiuation, even stronger now as it has not moved down much.  
c) Is this technically The Setup 1?
Yes, this is. The only thing is the big box, but as i am allowing myself to modify my Sl now, i did just that.

6. Post Trade Questions: 
a) How Do I feel after closing the trade? Good
b) Have I done well and why? Yes, I managed to stay objective and did not let the fear of this one be a looser to affect my trading desicion.
c) Have done badly and Why?
d) What Could I have done differently? No, i did the right thing.

7. DS For this Trade:  1
8. DS Running Total: 1/2 (50%)
 

Batch 4 Trade 2.png

 

[eaxh]

As i am about to add pullbacks i might as well start to record my thoughts about them as well.
 At Lo the price broke out strongly followed by a seed. Would have been BE. (line 1)(line 2) Then i saw a pullback seed with the huntpattern. Would not have been triggered.
Right after it a doji is printed, but whit a blue dot so i ignored it. 
 After that the price went up and i waited for a setup 1. It had retraced deep, but could have been a 1 and 2. And i also saw that the price did not want to go into the premarket area at the moment..
 The problem if a S1 is forming. H1 Level at 14041. If 2 R is inside it, go for it.
S1 came but with a huge box with no room for SL adjustments as the box low was too far away., so not taken.
 I will wait fot the H1 level to break now.

But then we have the 14000 level below so i dont feel very optimistic atm.
 Anything can happen so i will wait for movement. Up or down.

Skärmbild 2021-02-05.png

 I am super exited to start trade pullbacks. 
I will take the weekend to watch the lobot material again and add pullback rules in my plan. 
 

[eaxh]

First day of adding pullbacks into my plan.

I am a little nervous. To not know when the pullback ends. When is the last candle of the pullback?
I need to remember to have a dynamic mindset.
I am here to learn how to trade pullbacks, not do it perfectly before i have learned.
I will make misstakes, but not more than once!

I have trust in the edge and i have a strict risk management.

During today.
1.       10.09 good pullback, but inside the premarket range.
2.       I was looking for a clean pullback, so was unsure about this one.
3.       Third pullback and broken one. so keep me away from it.
4.       S1, missed it due to not being in lite witch the flowchart, but a good pullback on m5
5.       Momentum strong down. Seeing the waltz, but did not take it due to the 4 candles before it.
          I was waiting for 1 or 2 more candles to pullback. 

We had a very good discussion in the chatroom that clarified alot for me.
How the pullbacks today could have been traded.
Now i have a more solid execution plan.
Very greatful to have that opportunity!
 

missade trades 08-02-21.png

 
 
 

[eaxh]

Trade Number: Batch 4 Trade 3
2. Date/Time: 8/2-2021 9:273. Symbol/TF: GER30/ M1

4. Signal Type / Direction : Setup 2 Sell

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? Neutral
b) Intuitive Signal? I hade feeling of it moving down towards the TZ1  
c) Is this technically The Setup ? it is technically a setup 2, with a modified SL above the high of the pullback.
And also in the right place on m5.


6. Post Trade Questions: 
a) How Do I feel after closing the trade? Good, really good.
b) Have I done well and why? Yes, i read the market and set the po when i was supposed to.
c) Have done badly and Why? no
d) What Could I have done differently? No, i did the right thing.

7. DS For this Trade:  1
8. DS Running Total: 2/3 (66%)

 

Batch 4 Trade 3.png

 
 
 

[immy]

First day of adding pullbacks into my plan.

I am a little nervous. To not know when the pullback ends. When is the last candle of the pullback?

Answer: The 3rd candle is the first candle you consider. the 5th candle is usually the last candle you consider for pullback. 

I need to remember to have a dynamic mindset.
I am here to learn how to trade pullbacks, not do it perfectly before i have learned.
I will make misstakes, but not more than once!

I have trust in the edge and i have a strict risk management.

During today.
1.       10.09 good pullback, but inside the premarket range.
2.       I was looking for a clean pullback, so was unsure about this one.
Answer: this is THE ONE. it is CLEAN. 
3.       Third pullback and broken one. so keep me away from it.
4.       S1, missed it due to not being in lite witch the flowchart, but a good pullback on m5
Answer:yes, this was 5  candle pullback on m5. (remember this. 3 candle pullback is a setup 1 on 10X Lower Time Frame. 5-7 candle pullabck is a Setup 1 of the 5XLTF the WALTZ , which you're not taking yet, is a 1-2 candle pullback is a Setup 1 of 20X LTF) 
5.       Momentum strong down. Seeing the waltz, but did not take it due to the 4 candles before it.
          I was waiting for 1 or 2 more candles to pullback. 

We had a very good discussion in the chatroom that clarified alot for me.
Answer: my pleasure  
 
How the pullbacks today could have been traded.
Now i have a more solid execution plan.
Very greatful to have that opportunity!
 missade trades 08-02-21.png
 
 
 
 

My Answers in Blue! 

[eaxh]

First day of adding pullbacks into my plan.

I am a little nervous. To not know when the pullback ends. When is the last candle of the pullback?

Answer: The 3rd candle is the first candle you consider. the 5th candle is usually the last candle you consider for pullback. 

I need to remember to have a dynamic mindset.
I am here to learn how to trade pullbacks, not do it perfectly before i have learned.
I will make misstakes, but not more than once!

I have trust in the edge and i have a strict risk management.

During today.
1.       10.09 good pullback, but inside the premarket range.
2.       I was looking for a clean pullback, so was unsure about this one.
Answer: this is THE ONE. it is CLEAN. 
3.       Third pullback and broken one. so keep me away from it.
4.       S1, missed it due to not being in lite witch the flowchart, but a good pullback on m5
Answer:yes, this was 5  candle pullback on m5. (remember this. 3 candle pullback is a setup 1 on 10X Lower Time Frame. 5-7 candle pullabck is a Setup 1 of the 5XLTF the WALTZ , which you're not taking yet, is a 1-2 candle pullback is a Setup 1 of 20X LTF) 
5.       Momentum strong down. Seeing the waltz, but did not take it due to the 4 candles before it.
          I was waiting for 1 or 2 more candles to pullback. 

We had a very good discussion in the chatroom that clarified alot for me.
Answer: my pleasure  
 
How the pullbacks today could have been traded.
Now i have a more solid execution plan.
Very greatful to have that opportunity!
 missade trades 08-02-21.png
 
 
 

 

My Answers in Blue! 

 

Thanks again!

[eaxh]

Just to clafiry so it doesnt look like i have broken my rules.
I have included Us30 at NEO for the pullbacks. 

Trade Number: Batch 4 Trade 4
2. Date/Time: 11/2-2021 14:403. Symbol/TF: US30/ M1

4. Signal Type / Direction :  Pullback  

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? Little nervous
b) Intuitive Signal? Did not really have any 
c) Is this technically The Setup ? It is a 3 candle pullback after a breakout from a consolidation so yes.

6. Post Trade Questions: 
a) How Do I feel after closing the trade? I am okey with a rent. but did i take a good pullback?
b) Have I done well and why? What is good is that i took the pullback.
c) Have done badly and Why?
d) What Could I have done differently? Not sure. I took the pullback in the right market condition and i did not intervened so for that i will give myself a ds1

7. DS For this Trade:  1
8. DS Running Total: 3/4 (75%)
 

Batch 4 Trade 4.png