Emma´s T20 Journal

[eaxh]

Further to discussion in the Chatroom / Discord. here is the Market/Session Mode Metric

Can you answer those questions?

What was the Market Like Today? 

1. Was the session you traded (in your view)
   a) TRENDING or
   b) RANGING

 If (a) Trending then 

1. Was it a Single Direction Longs Only or Shorts only Trend?  Or 
2. was it Two Sided Trend (trend both directions

 If (b) Ranging then 

1. Was it a TIGHT range or 
2. a BROAD Range

 2. In both the cases was the trend

1. Steep/strong/Parabolic or
2. Moderate /standard  or 
3. Shallow / Mild 

  
 

 

Thank u

[eaxh]

Today i have not been disciplined. it is a DS0 Day...
I am not even going to post all my trades, i am embarrassed.

My knowledge is getting wider everyday thanks to all the info shared in the chatroom and from my chart time.
But on the other hand, the psyche doesn't keep up.

One thing i need to do is make my tradingplan clearer. And also with all my new ways to see the market i have to adjust it.
I need to have clear rules on when to scalp and when to let the trades run. 
I need a plan in every possible situation so my emotions dont take over.
I have always focus so much to get the right entry.
But  i start to see that one of the most important thing is the exit.

I love love love the keltner channel. I dont have a problem with getting in to early as i had before.


I also going to boycott my forextrading for a while so i can be 100% focus on the indices. 

Profitwise its good thanks to my strict risk management.

This week so far: 4%
Monday: 2,5%
Tuesday: 1,5%

 

[eaxh]

DS: 50 %
Winrate: 63 %
Profits: 2.7% ( should have been 4,7 if i didnt push the stupid button)

LO OPEN

Today i first looked at H1 to see the overall trend which was down and i also market important levels. 
One tought that i had was that is was in a correction wave on H1 and that the move down was to continue some time during the day so i was a little down biased.

The DAX was trending up all day in a standard manner (M5)
There were only long trades that was valid.

H1

Skärmbild 2021-05-05 H1.png

 My first trade was a short one. I saw that it wasnt going down so i exited that one with a small loss.
Then i had some scalps on the way up. 
In hindsight i see that i should have swingtrade the m1 chart. I like the idea but it is so damn hard to do it.

I was up 2,5% and then i did something idiotic,...... I pressed the wrong button on and 2% just vanished.
That hit me hard.

Then when M5 was peaking( and then did a S1) i was so sure it was to rusn around as it came up to some levels. i was thinking that it cas the end of an ABC correction. 
Well i was wrong and lost a little trying to catch the downmove. Was blind as it was CLEARLY bullish. Should have waited for M5 to clearly show its way down if that was supposed to happen.

Skärmbild 2021-05-05 dax LO.png

 when i came back later and i saw the move up had continued i got in and held it this time and managed to get 5R, but as i was a little insecure from this morning i had halfed my risk so i got 2,5% on that trade. Proud that i held it through two swings.
Not very proud of the small loosers before..

Skärmbild 2021-05-05 200216 dax sista.png

This is M5 during the day in a beautiful wave up.  

Skärmbild 2021-05-05 m5.png

 
THE US SESSION

Skärmbild 2021-05-05 Us30 m5.png

 The first candle started to move towards the downside on m5. on m1 there was a poke outside the channel and then in did a seed close to 20 ema so i got in and i was thinking that i could hold it, but i got kicked out BE. There was a level so i placed it to BE rather quick. 

The other trade i took based on the pullback on M5 and i held it to 3R. I could have held that one longer if i had the time. But today i didnt.

Skärmbild 2021-05-05 US m1.png

 
I have not been highly disciplined today. But ii managed to pull myself toghether and closed the day with some good descicions.
 

[eaxh]

This is possible trades on M1 today.
And what did i do? Kind of the oppossite...

I have been looking and trying to figure it out, but i get so confused by m5. 
I like it on m1.

This monday i scalped it during LO and got myself nearly 4 R. 
Thats crazy!!!! 

And now i dont know what i am doing. i dont get the direction, i move SL waay to early and trading with money makes me blind.

Skärmbild 2021-05-06 180931.png

 





 
 

[dcheungts]

Hi Emma ,
everyday i really enjoy to read your journal. I had the same problem with direction before till i study the Price structure pattern . You cant always be right with all the Structure movement, but in some area specially by a Trend Reversal movement is always the same. Like your last pic. This is a typical Trend revesal pattern . Look at the 5M at beginning the LO started with a ABCD then a pullback which not break the HL .After then a break of D for a contineuation long . This pattern repeat and repat . You just need burn it into your brain and trade only this pattern . Look at around 11:00 a Trend revesal ABCD pullack then Break D Short . You dont need more then this pattern . I try like you to trade the wholr day and at the end dont understand anything till i find out this pattern and only focus on this pattern . I hope that could help you in future to focus on better trading.
Sorry for my bad english .
Regards
Dennis

[eaxh]

Hi Emma ,
everyday i really enjoy to read your journal. I had the same problem with direction before till i study the Price structure pattern . You cant always be right with all the Structure movement, but in some area specially by a Trend Reversal movement is always the same. Like your last pic. This is a typical Trend revesal pattern . Look at the 5M at beginning the LO started with a ABCD then a pullback which not break the HL .After then a break of D for a contineuation long . This pattern repeat and repat . You just need burn it into your brain and trade only this pattern . Look at around 11:00 a Trend revesal ABCD pullack then Break D Short . You dont need more then this pattern . I try like you to trade the wholr day and at the end dont understand anything till i find out this pattern and only focus on this pattern . I hope that could help you in future to focus on better trading.
Sorry for my bad english .
Regards
Dennis

 

Hi Dennis!


Thank u for your reply.
I will look up the pattern that you mention.

/ Emma 
 
 

[eaxh]

Today i messed it up real bad....

I had a new plan and i was very exited for this day to start doing it. I failed totally

But i understand now that in was not covering all scenarios. 
So i traded everything today.

In hindsight i should have taken the signals om M5 and the ones on m1 in the direction of the trend on m5.
I blindly traded m1 and i am so frustrated that i did that.

What i have found out now is that

1. If M1 and M5 is giving different signals, go with M5!
If the channel on m5 is sloping up, take m1 shorts. and the opposite.

It is so obvious, i feel so stupid!
KC in the bomb... if you trade it correct.

This stupidity lead to me hitting my daily SL. I Dont want to post these, because they are BAD...
But i need to. 


The good thing is that i now have a more solid understanding of what not to do and what to do.

Skärmbild 2021-05-10 M5.png

 

Skärmbild 2021-05-10 LO TRADES.png

 

Skärmbild 2021-05-10 eftermiddagstrejds.png

 
 
 
 

[dcheungts]

Hi emma ,
I saw the same trade but didnt take it .


BTW i finally have open a Dennis journal at AIM!

So u are welcome to reply for any comments !

Regards
Dennis

[eaxh]

So... yesterday i did not know why i did why i did, i went long, short and long again. mixing m5 and m1 signals and i felt so bad..

I wrote a new waterproof and crystalclear plan, printed it and had it infront of me today and i will continue to do that.

At the open:

I saw that the price had gone down during the night and was now in a range.

The price broke to the upside and i went long on 123 KC signal on m1. I have seen that the hourly was down and the first candle on M5 got rejected at 15260( which Immy pointed out) it was doomed to go down. and i was long..... Rented on that one.

Skärmbild 2021-05-11 M5.png

Skärmbild 2021-05-11 LO M1.png

•  Trade 2
  Broke down with momentum and volatility, broke the range and started the journey down. I waited disciplined for the 123 on m1 and when it came i did not hesitate. i put the trade on and trailed the 10 EMA
• Trade 3
  Had in mind that it might be time for a reversal, as it hit a level so tried the bullish 123 signal om m1, thinking i can scalp it, so tried it. it went down immidietly and i got rented.
• Trade 4
  123 KC m1 sell. Ended BE. was stretched on m5 so could have avoided that one
• Trade 5
  It falied to break the previous low so tought that the reversal might come, or i can take a scalp. But ended BE
• Trade 6 & 7 
  They were both entrys taken based on KC on M5. Both ended be.
• Trade 8 
  Just a fearbased entry and exit. BE
• Trade 9
  Here i saw that the trendlie was broken and gave a KC signal. Went short. was a smal lot so i had the plan to add to it if there was a pullback along the way down. The pullback came and i added. it shot up and i got out with one winner and one looser and it did BE.
  Did not feel got. It was a winner...
• Trade 10
  This was based on M5 123. This one i trailed the 10 ema and got out with a winner.

The morning ended with 2,2 % and it felt good, because i had taken the signals. Maybe a little to many but an improvement from the previous days.
And i got out with profits.

Then later during the afternoon Immy shouted out  in the chatroom that everything mooved.
I had awaken the FOMO inside of me...

I went short, it was a short signal on m1, but after a long move down so shouldnt had taken it. So took a small rent.
Then i saw that the 123 was setting up on m5 and got back in a short position again with a fearoflosing-SL. so took a small rent on that one as well.
Then, clever me (NOT) was thinking that it will go up. so rented small again on a long position.

At this moment i was so frustrated with myself...
I had written in my plan that if m5 and m1 five different signals. go with m5. And the tradingdevil inside of me took over....

Finally i came to my senses and took a little scalp based on the m5 signal. But the stupid losses hunted me so i went away.

One thing that i notice when i go through my trades it that i would increase my profits if i scalped the trades i´ve taken. That will also mean i wouldnt have the massive winners, but many a little makes a mickle... that is something to think about. I enjoy scalping, its really fun.

Skärmbild 2021-05-11 eftermiddag... .png

 The final profits for today is 1,25%
DSscore 50%
Winerate 60% but mostly BE

so.. the sum of the cardamom (the bottomline is) as we say in sweden, is that my performance today is better than the last days, but i have to work on my impulstrading.

 
 

[eaxh]

Here comes the moment of truth. I am a sh*t trader.
The kc in backtesting is fenomenal. but i cant trade it. 

My brain plays tricks on me.

this is how i traded VS the kc scalping. I only lost money today and the testing is in much profit.


 
I feel lost. i dont know what to do.

The letting it run- mindset has destroyed my profitability.

One thing that i can do is. Just scalp the KC, not blindly but hey... it seems to work.
M5 is giving me mixed signals. i get confused by it and thinks... can the price do this and that and i try to find some logic in whats to come...

I will do this. 

The rest of the week i have to just take the signals and not think in money. just trade good. 

The other thing i will do is to apply the T20 for real again. Have to get my discipline back.
One batch at a time. First one rather mechanical and then maybe add some discretion and filter rules. And after that I can work on letting some run. 

Need to take a step back and take babysteps again.

Skärmbild 2021-05-12 LO egentligen.png

 

Skärmbild 2021-05-12 LO.png