Emma´s T20 Journal

[immy]

I have your answer
How to Take Profits with the KC Method
Video Uploaded to The Trading Plan
https://itradeaims.net/day-trading-plan ... -kc-method
 

[eaxh]

Overallfeeling today was a little nervous, nervous to make wrong descisions. 

All my trades today went to BE. The last trade i think i managed it correct. I did what i should have.
The other ones i just sufficated them with The stop loss, i was so scared. i am actually not scared to have loosers, because i know they will happen. its a part of every strategy.
But what i dont like is to have rents because i manage the trades wrong. And that makes me manage them wrong 
What i need to work on is to trust myself. I have developed a good intuition based on all my hours on the charts and i have know that my setups have an egde. A very good edge!


Today before LO i saw that the D1 still was in an upward trend.
The hourly was in a downtrend. And M5 was down from FO.

I was bearish all day. and when i saw that the price broke out through the previous swing low to the downside and then retested LO and failed i was even more bearish.
 

Torsdag .png

 
 

Torsdag LO .png

 
 

[eaxh]

I have your answer
How to Take Profits with the KC Method
Video Uploaded to The Trading Plan
https://itradeaims.net/day-trading-plan ... -kc-method
 

 

I dont know how to thank you enough!!!

That is all i need 
 

[eaxh]

D1 today: still up
H1 today: Up, started to made higher highs and higher lows.
M5 had about a 50 pips Range, but was down from FO and that gave me the idea of a push down. 

Checked the news. nothing red or orange on the am. 

I traded like a Fomo and fear of loosing money combined today. 

The first trade was some kind of a try to make a lobot entry. I entered at the close of the M1 bar below the range.  
 
What i should be doing in this cases because i am a KC scalper is to wait for the proper KC entry on M1 if i want to get in quick. 

And that is the ONLY time it is okey to trade M1. 
-If i want to get in early when the market is moving. Or if i miss the entry on M5.

ABSOLUTLEY NOT UNDER ANY OTHER CIRCUMSTANCES
  

The second trade was so good. it was rejected from the downside, went above the range low and 20 ema and showed a retest of the 20 ema. On m1 it was a good KC entry. 
The managing failed. I was thinking that it hade done a swing log. it was a mini swing low. What i should have done it waiting for the major swing low and placed sl to be after that. 

The third trade was also a good entry on M5. i saw that it was rejecter at pre high and placed sl to be after that. what i shpuld have done was to wait ofcourse and just exit when it reached the upper band!!!!


I can now write the final tradingplan for daytrading indices. 
Because now i have come to the point where i dont need to search for my method. I have it now.
But what i need to do is to trade it properly.

I will write it and then also simplifying it into a checklist format. And  have it printed so i can have one each day and just trade!

I´ll end the week with 0,73% profits. I did not loose but i did bad..

Fredag och veckoslut.png

 

Fredag LO M1.png

 

Fredag LO m5.png

 

[eaxh]

Today it was us and uk bank holiday so i  had in mind that  the market could be a bit slow today.

I saw the Daily as in a mild uptrend.
The H1 was in a medium uptrend
And the M5 had a push up from FO.

1,And then at the open it started to move down, but got rejectred at 20 ema and made a cherrylike candle so i placed a buy order.
I started with the sl at the lower band and when it made another box and i plaved the sl under the box low. Got stopped out.

2, Then it started to go down . I say that H1 made a 2-candle pinnbar and M5 did a good pullback. But t did not break the channel before it.
   But it did not go up, so i thought at this moment that it would go down. Based on H1 i made the analysis that it would attract sellers.
At first arrow- when this cherry formed above 20 ema i though i was going to have a rent for sure. 
But i reminded myself of that if i want to make money i have to manage it correctly, so i did!
Startet with the sl above LO OL .At the second arrow- when the new box formed i moved the sl to that box high.

Then the price went down and broke the pre major swing on m5. i held it to a little more than 1 R. 

3. This was not the best KC signal. but still valid. it did poke out and made a bearish candle.
In hindsight. the channel was not sloping... and the pullback was very deep.
I had to leave the screen so i ordered ATM to start to trail boxex when i was in profit. I got kicked out pretty early, it moved good after it...

One problem with today.... it did not leave premarket area.
A very god thing is that i managed the trades correct

Day ended with little profits.

This month i made 100 EUR. This to me proof that i am on my way. Wiiiie


I have also changed color on my template. Very refreshing
I am very sensitive to colors and mood aroung me so to remove the colors was a good choice, less distraction.
Also added a light shaded box help me see

Måndag 2021-05-31 .png

 

Måndag 2021-05-31 Trades LO DAX M5.png

 

[eaxh]

D1 was still in an upptrend, i marked YD high and low
H1 was in a sidewaysrange, so i marked that as well.
M5 had started to go up from FO.

It was OPEC all day today and i have experienced some of these days to be a bit slow. it was NOT  slow today.

At LO the price goes uo very fast.
I went down to M1 and waited for a KC setup.
IT came, but i was a bit concern that i had entered to early, but my sl is at lo in the beginning of the trade on a safe distance.
When the new fractal is forming i place the sl under the cherries.
Then when it test the upper level the third time i place sl at BE. i was ready to accept a be if the range high was to attract sellers. But i Iwaited for it to possibly break out of the channel. 
When it did i took profits at 1,3% 
As i saw what it looks like i exited WAAY to early. But at the same time i followed my rules. so good managed.

After that i changed to M5 and waited for a KC entry there. it did not happen during my chart time. 
I think that this morning is one of the hardest, when it just going and going. I just want to get in, but if there is no signal, i should not trade. It  makes me impulstrade. Today i did not. 

Tisdag DAX Trade 4.png

 I was not at my computer at NEO today, but when i checked the discord channel i saw that us30 was moving so i went to the chart, dropped down to M1 and waited for my setup. I did a little isstake to enter without checking the settings. it was set to DAX SL, which made it to big lotsize for US30 so i got out quick with a small loss. I could have just cancelled a third or half.. did not think about it there and then.
Another cherry was formed and i got in. i had my sl at safe distance and when a new lower fractal was formed i moved the sl to the arrow.
Then i waited for the price to break the channel. When it did i started to trail candles. 
All in all with the little misstake first i gor +0,43 from this trade.

After that i saw a bullish pinnbar (fruit on m5) 
I thought that i woyld wait for another KC setup on M5, but it was time for dinner so i left.

Tisdag US30 Trade 5.png

 

Tisdag 2021-05-01.png

 I Have been thinking,  thinking and thinking even more about what should be my entries and how i should manage my trades.
I thought that i have to abandon M1, and learn the pattern on M5 instead. And that is one way to do it. But at the same time i have to have two types of entries and two types of managing. 
I have noticed that whenever i try to add something to my trading i get totally lost and i have to restart. 

So now i have come to the final tradingplan. 
I trade 123KC setups. 
My base is always M5. If price brakes a range or just start to move, i will go down to M1 and wait for the KC setup. 
IF it comes, i trade it and manage it as i do on M5. 
Then i go back to M5 and see if it comes there. 

So visual its the same type of entry and same managing.

I will not do lobot, as in breakout trade or entry on Trend candle close. The first possible valid entry for me is M1 kc 123.

Because, with only setup 1 i was disciplined. With only the 3-candle pullback i was disciplined. 
And now that i have found my type of entry i am going to just do that. 

I just need to accept that this is how my brain works.  


 
 

[eaxh]

Today i was on the wrong side of the market all morning, which resulted in a loosing day.

I´ll say NEXT day.
I thought i was very disciplined today, but more blind maybe..... The first one, okey, it could have gone further.
The second? 
 The third.......

Onsdag 2021-06-02.png

I cant help it, i like M1. i am use to M1. (May not show today)

If i am going to be succesfull on M1, i have to be alot more selective with when to trade. I can also trade S1 KC on M1 ( instead of changing timeframes) 

Its maybe easier to stay on m1 with the pullback setups and S1 that i am use to instead of learning them on M5. I have been successful before with that concept.



The first one did not have any symetry. i had the SL on a safe distance, had no change to move it.
Then i saw that the H1 candle showed a strong rejection from the upside, and as i was on M% at that time i missed the setup on m1
(The arrow at10:22)

So to not miss them in the future, this is my chart layout now. 

The second trade i entered early, but had the SL on the right place and gave it room to breath. this one also hit my disaster stop loss.
On M5 it was a reversal bar, should have taken that as a clue? Or was this one just a rent?

The third one is just ugly.


I also realized that I usually only have time to trade LO.
I wanted so bad to trade more hours a day, but it does not fit into my everydaylife.
When its time for NEO, the kids are home and I have a limited time to sit down.
And then it's a little difficult to trade M5. One need more time for that.

Now it feels like I'm coming up with new things all the time.
But I have to find what works in my life. And the M5 may be better, but for me it's getting harder.
 

Onsdag DAX trade 6,7, och 8.png

I am back tomorrow with more tradespirit
 
 
 
 

[eaxh]

Tisdag 2021-06-03.png

 Yesteraday i had a very confusing day... Had an inner conflict. Tried to push away the thought of i can trade M1, because that M5 is better. 
I am frustraded because in my vision i had come further at this point, so i try to find whats not working. try to find the missing piece. 
The missing piece is just me accepting. Accept that the market does not move all day, accept that i have to sit on my hands some days. 
And also accept that i like m1, even if others doesnt agree.
 Only when i accept that i can be succesful and learn how o be. 

The thing is that its the same, its just different zoom levels. So i am on the M1 chart.. BUT that does not mean i trade all the pullbacks, i trade the pullbacks when M5 is NOT boxed. And when M5 is pulling back, i take the S1-ish. 
 
And NOW for the 37628484 time i say that i have settled with my template,chart layout, timeframe and signals to trade.

Today things were  a little clearer. 

I only had time to trade LO session today.

D1 was still in a mild uptrend. marked the high and low of YD an the day before.
H1 was still inside the range that we saw yesterday. It was wide so it had room for pullbacks inside it.

TRADE 9 I saw the first pullback on M1, but did not enter. i waited for a confirmation candle. It poked out of the channel again and this pullback gave me an entrysignal. A rejection from 20 ema. i entered and held it as it traveled inside the lower channel. At the arrow down there i place the sl to be if buyers kick in. Also saw all the wicks on M5. 
Thought- I could have taken profits when it got rejected all the time. but i thought that it was like 0,5% so i desiced to place sl to be instead. 

TRADE 10 After that the M1 was not tradeble. When i saw the 123 KC cherry on M5 i entered.  IT gave me the scares. I held on to is as i should. It when down and pulled back and i held it throug that, when it try to stest the low again i placed sl at be. 

How i traded today is how i want to trade. i am going to be on m1. If m1 is not tradeble, i trade of the M5 signals aka The S1, as i have added the boxes is super easy to se the S1´s. So back to basic, but i like it.
I have added the box to help me see when not to trade M5. I am used to it from the beginning, to not trade inside M5 boxes. 

Torsdag trade 9 och 10.png

 
 
 

[immy]

Hi Emma

I was gonna write a long story but the simple answer is this.


6. I know what you've done wrong in number 6 but its not the entry that's wrong.

ts the EXIT that's wrong... you stayed in WAY WAY too long.

7. Again, your exit was WAY too late... (remember you're a scalper not a swing trader)
8... I don't know why is that even an entry?

Actually what you're showing in these 3 trades is what I call thed CURSE OF M1... While you feel that you're being disciplined, you're actually being mesmerised by the m1 chart's magic.... and you need a BREAK... if you don't ake a break, you will then destroy your account.

this is what I have been doing to my account from time to time...

It happened to me on m5 as well but I realised why it was happening. The answer was, I was trading "my feel of hte market" not the price, not the market, not the patterns. I was trading, "what might happen in the future" and "hoping it will happen" i was trading what I was anticipating instead of trading what i SAW...

The LOBOT 10/20 pullbacks, is my trading plan for June 2021. I've had good first 3 days.

cheers


ps: I don't want to tradre if I don't see a NEW high or New Low.
pps: my reply is to 2nd of June trade,s I just realised you've updated 3rd of june trades. 
 

[immy]

Tisdag 2021-06-03.png
 Yesteraday i had a very confusing day... Had an inner conflict. Tried to push away the thought of i can trade M1, because that M5 is better. 
I am frustraded because in my vision i had come further at this point, so i try to find whats not working. try to find the missing piece. 
The missing piece is just me accepting. Accept that the market does not move all day, accept that i have to sit on my hands some days. 
And also accept that i like m1, even if others doesnt agree.
 Only when i accept that i can be succesful and learn how o be. 

The thing is that its the same, its just different zoom levels. So i am on the M1 chart.. BUT that does not mean i trade all the pullbacks, i trade the pullbacks when M5 is NOT boxed. And when M5 is pulling back, i take the S1-ish. 
 
And NOW for the 37628484 time i say that i have settled with my template,chart layout, timeframe and signals to trade.

Today things were  a little clearer. 

I only had time to trade LO session today.

D1 was still in a mild uptrend. marked the high and low of YD an the day before.
H1 was still inside the range that we saw yesterday. It was wide so it had room for pullbacks inside it.

TRADE 9 I saw the first pullback on M1, but did not enter. i waited for a confirmation candle. It poked out of the channel again and this pullback gave me an entrysignal. A rejection from 20 ema. i entered and held it as it traveled inside the lower channel. At the arrow down there i place the sl to be if buyers kick in. Also saw all the wicks on M5. 
Thought- I could have taken profits when it got rejected all the time. but i thought that it was like 0,5% so i desiced to place sl to be instead. 

TRADE 10 After that the M1 was not tradeble. When i saw the 123 KC cherry on M5 i entered.  IT gave me the scares. I held on to is as i should. It when down and pulled back and i held it throug that, when it try to stest the low again i placed sl at be. 

How i traded today is how i want to trade. i am going to be on m1. If m1 is not tradeble, i trade of the M5 signals aka The S1, as i have added the boxes is super easy to se the S1´s. So back to basic, but i like it.
I have added the box to help me see when not to trade M5. I am used to it from the beginning, to not trade inside M5 boxes. Torsdag trade 9 och 10.png
 
 
 

 

M1 Scalper of DAX30 for the first 2-3 hours of London session. That's who you are... BE THAT... I know you can do it.