Emma´s T20 Journal

[eaxh]

today when the market opened, there was no clear direction.

here was an S1 pattern, but no continuation of it.

It went down and tested a random level a full 3 times.

At 8.29, ag saw a change in the price. It did not retrace as strongly as before inside the range, which may provide a continuation upwards.

Soon after, it breaks out upwards and forms an ABC pullback that I take. Results in BE.
Another pullback after with a cherry. Puts a PO there but it continues further down, even further down than the previous pullback. and on m5 it looks like momentum is waning so doesn't take it. 

After a while it moves up again but momentum is no longer there.

I´ll en the week in a modest profit so i am happy, my journey continues.

See u on monday 
 

Skärmbild 2021-03-19 100858.png

 

[eaxh]

Every time i take a bad trade like this i progress. 
i have an aha-moment and i become aware of a problem. 
Now i can do something about it.
I think it is important to highlight these shitty trades, because we can learn alot from them.

(i did not want to post this one, i just want to make good trades)
But shit happens 
 


Trade Number: Batch 5 Trade 7
2. Date/Time: 2021-03-22 8:10
3. Symbol/TF: GER30/ M1

4. Signal Type / Direction :  Pullback entry short (abc-seed i thought)

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? neutral
b) Intuitive Signal?  neutral
c) Is this technically The Setup ?
At first when i saw that it starter to pullback i waited for a clean pullback. When i saw that it was broken i thught that it could still become a good abc-pullbback…. But…no, i did a mistake here, right before the candle close i was a small seed. The second it closed and i where to put a pending order it closed lower, wich made the SL to big and a good signal to a shitty signal….

6. Post Trade Questions: 
a) How Do I feel after closing the trade? Shit.
b) Have I done well and why?
c) Have done badly and Why?  yes, tried to validate the signal as i was in the trade.
d) What Could I have done differently?
 I should have realised that it wasnt the cute abc-pullback as i saw at first. I should have accepted the new conditions and got out asap. 
The important thing here is to learn from it!
From this day forward. If the entry sluip to much due to microsecond of moving more than i think, i get out. Dont want to lose money from this kind of managing error again.


7. DS For this Trade:  0
8. DS Running Total: 6/7 (86%)

-1% 

Batch 5 trade 7.png

 

 
 

[eaxh]

Trade Number: Batch 5 Trade 8

2. Date/Time: 2021-03-22 8:21
3. Symbol/TF: GER30/ M1

4. Signal Type / Direction :  Pullback entry long

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? neutral
b) Intuitive Signal?  neutral
c) Is this technically The Setup ?
yes it broke throug some levels and started to pull back. It stayed close to the level wich made me think it will go higher.
 
6. Post Trade Questions: 
a) How Do I feel after closing the trade? Naah, not good to have yet another loosing trade on the same day. This trade i felt like min emotions matched the candels up and down…
But i still think i made an good desicion to take the signal.
I am okey whit this rent as the signal is valid.

b) Have I done well and why? yes, i traded the signal and let atm manage the trade accordning to the plan

c) Have done badly and Why? 

d) What Could I have done differently? had it moved to much alredy?.... i am not sure. dax can move alot... still think its valid according to my plan.


7. DS For this Trade:  1
8. DS Running Total: 7/8 (88%)

-1%
 

Batch 5 trade 8.png

 
 

[eaxh]

I notice that I am in a slump when it comes to probability thinking ....
I KNOW that it is a random mix of winners and losers.
Why is it so hard to knock it into your head sometimes...

I easily get caught up in the result of every single trade. It is difficult when you do not get results immediately. I can do 3 or 4 absolutely fantastic analyzes and they can all be rented ..

I like this saying of mark douglas

"Why do you think unsuccessful traders are obsessed with market analysis.
They crave the sense of certainty that analysis appears to give them.
Although few would admit it, the truth is that the typical trader wants to be right on every single trade.
He is desperately trying to create certainty where it just doesn’t exist."

Thats me right now...

[eaxh]

Today I was mentally present and felt that I was in control of my feelings and thoughts.

Today, dax opens bearishly but is quickly inside the premarket range and bounces down. Saw a seed at this point, but wait patiently for another break.
This happens and a second seed is created at 8:04. would love to have another candle at this one to get my 3 candle pullback.
this does not happen but the price goes down with strong momentum. starting to retrace and I think it takes a little deeper pullback to be able to continue down. At the red line i was curious to see if we will se a continuation but did not
It makes a V-turn and end is where the day started again.

At the time of writing, I see the price starting to fall.... Let's see if I catch any movement before lunch.

Skärmbild 2021-03-23 102419.png

 
 

[eaxh]

Trade Number: Batch 5 Trade 9
2. Date/Time: 2021-03-23 9:33
3. Symbol/TF: GER30/ M1

4. Signal Type / Direction :  Pullback entry short.

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? neutral
b) Intuitive Signal?  neutral
c) Is this technically The Setup ?
yes, i see it goung sideways inside the premarket area and break out of it. Going to a level and makes a little pullback.
As it being so close to a level i chose to place the PO under that level.

6. Post Trade Questions: 
a) How Do I feel after closing the trade? Good
 
b) Have I done well and why? yes, i read the situation propertly and was being objective and the most important thing is that i did not feel any fear.
c) Have done badly and Why? 
d) What Could I have done differently?  


7. DS For this Trade:  1
8. DS Running Total: 8/9 (89%)

 0%

 

Batch 5 trade 9.png

 
 

[immy]

"Why do you think unsuccessful traders are obsessed with market analysis.
They crave the sense of certainty that analysis appears to give them.
Although few would admit it, the truth is that the typical trader wants to be right on every single trade.
He is desperately trying to create certainty where it just doesn’t exist."

Thats me right now...

 

No No, Not you...
That's Me... 
 

[eaxh]

Halfway into batch 5. 
I started it with some performance anxiety... i know now and did then as well... That my job is to just take the trades. 
And 3-candle pullbacks and waltz are the ones i understand. so why do i look for abc-pullbacks? Do i have a profit-advance by doing that?
All i know that they makes me confused. 




Trade Number: Batch 5 Trade 10
2. Date/Time: 2021-03-26 8:15
3. Symbol/TF: GER30/ M1

4. Signal Type / Direction :  Pullback entry long

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? Neutral, ready
b) Intuitive Signal?  good
c) Is this technically The Setup ?
absolutley, this is my favourite setup.it broke out of the premarket area and pulled backed above a level.  

6. Post Trade Questions: 
a) How Do I feel after closing the trade? Good
 b) Have I done well and why? yes, i did not hesitate and i let the 2 R get hit.
c) Have done badly and Why? 
d) What Could I have done differently?  

7. DS For this Trade:  1
8. DS Running Total: 9/10 (90%)

2%

Batch 5 trade 10.png

 
 
 

[eaxh]

Lo begins with the price pushing up and through the all-time high. It is quickly inside the range again.
Then goes up again and continues slowly up but does not see the momentum I want to see so takes no entry.
At 9.01 I see an S1 pattern and waiting for a pullback, this push seems to have more momentum.

The pullback does not come and it starts to go down so I leave dax.

Skärmbild 2021-03-30 100846.png

 

[eaxh]

I´ve start to read Trading in the zone once more and i could say that the book is better this time, i have more use for it now and i understand more in it and i absolutley reconise the problems i have. i need to get rid of the fear. And how... first thing is that i need to be 100% sure of "what is my setup" the other one is to have clear managing rules so i dont get confused. 
This trade would have triggered my fear before. but now i was calm and i am responible for all the possible outcomes. 

Important
1. There is no perfect setups
2. I am a winner in the long run (not in every single trade)
3. I take responsible for my trades ( this makes it easier to wait for the good setups)
4. The market just shows information.
5. Rent doesnt invalidates a good setup.
6. A winner doesnt validates a shitty setup. ( in trading we dont need luck) 

Trade Number: Batch 5 Trade 11
2. Date/Time: 2021-03-31 8:57
3. Symbol/TF: GER30/ M1

4. Signal Type / Direction :  S1 long

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? Confident
b) Intuitive Signal?  good
c) Is this technically The Setup ?
yes, its the first pullback on m5 and a S1 according to rules on m1.

6. Post Trade Questions: 
a) How Do I feel after closing the trade? Good, i am starting to get my probabilistig mindset back. I need to have a cler image on what is my setup and just taket hem. The outcome on just this och next or any trade is totally random and i need to acccept that completley
 
b) Have I done well and why? yes, i traded the setup without hesitation
c) Have done badly and Why? 
d) What Could I have done differently?  nothing, this was just rent and i´ll say NEXT..

7. DS For this Trade:  1

8. DS Running Total: 10/11 (91%)
-1% 

Batch 5 trade 11.png