Emma´s T20 Journal

[eaxh]

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. 
 

 

Thank you for the reply, I agree. 
This day was an eye opener for sure. I was feeling superdisciplined to not move my SL.... Need to enter the scalpmode for that part.
And I also need to take profits

I am feeling good about the latest updates to my plan. 

Have a Nice weekend 
 

[eaxh]

This friday the D1 was in a mild uptrend, over ATH
H1 had just entered a range. Marked YD high.
I still had the levels from YD as the marker didnt move much these last days.

I saw that it was NFP day so i had in mind that traders was waiting for the news. 

These are my three trades from this day. 
On the first i moved sl to be when the first tradecandle closed. It was a trendcandle and i had in mind that sellers were close by.

The second one i started to trail candles when price got to the upperband. 

The third one i had to take profits and run. My youngest kid was home. He is three and has an energy i would die for. He ran away so had to run to. 

So i am happy with the trades on this day. i took what the market offered me. 

Love to trade like this. i know i need to let them run when i should, but market was slow at this point so grabbed what was availeble.

Fredag 2021-06-06.png

 

Fredag trades LO scalps 11,12,13.png

 


This week ended with 0,62% ( my goal is 2,5%/week )
Ds-score 77%
Winrate 61% ( changed wednesday to Ds0 )

This week as most weeks has been up and down.. 
I ended the week with clarity. I have settled with the layout. I like that i have added the box.
I like that i am on m1.

One thing i more think about, is to maybe trail 10 ema... but when? 
That thing maybe will be a thing to add later. 

[eaxh]

D1-still uptrend
H1- mild uptrend
M5- was is a setup 1 teritory.
No news today
Atm settings checked

Dax opened to the downside today and at the first m5-candle close  which translated to a 3candle pullback on M1 i went short. Why? it was strong and combined with the one beFore it was a bearish pinnbar that got rejected from the upper range level. 

I missed the second available scalp. I hesitated and it as already on the go when i decided. did not enter out of fomo later so thats good. That i hesitated was not good.

The second trade was valid, but it had moved a bit and maybe i should have waited for a confirmation candle closer to 20 ema..

The third one. good looking pullback, but in the middle of evverything and i managed it with fear. Therefor i labeled this one as a DS0

The 4th one was a classic S1. trailed candles outside the band. all good. 

The 5th one is valid, but ugly. not sure about this one...

After that i had to leave. 

I did good and not so good during LO today. I keep training.

Trade 1,2,3,4,5 LO DAX Måndag.png

 Today i Had time to trade the Us open. I really like to trade it. it almost always moves.
I had 2 trades on Us30 and they were both good entrys and valid exits. 

The first one i sold the M5 candle close. Ended BE and i see that as a good managing.
The second one i entered at the long (short) cherry. I held it untill the candles was outside the channel. got 1,5% on that one. Felt really good.

Trade 6 and 7. Us open us 30.png

 Except some errors at LO, i start to settle with my tradingstyle. 
What i need to do now is just to do it and do it again.

Måndag 2021-06-07.png

 
 

[eaxh]

I have the answer to my errors. 
1. stay out when M5 is inside a box/sideways
2. take profits.....( need to take profits, not hope for more)

Need to act more quick. practice practice practice
 
I have a little thing to maybe try.

When i am in a trade an its in profit and reaches the outer band, i wait for the candle to close and then in the next one goes againt me i freeze.
So i thinking about to place the sl at the band when the price goes through. 
If it flies, it flies and i can start to trail candles. if it doesent i take the profit. The band is about 1R or more.

Going to remove the seed indicator. dont need it. and addding the banana to see if i benefit from it.

Today i overtraded, forgot?! to take profits, traded inside the range. 

I can not come up with a reason other than i was blind. I watched the M5 ma´s and saw it as down. I did not pay attention to the lines that I!? draw before.

ERRORDAY 
 

Here comes my error trades. i had one totally valid trade, it was the sell on dax at noon.
The other either was managed wrong or inside a range.

Tisdag 2021-06-08.png

 

Trades LO 8 9 10 11 12.png

 

Trades dax 13 14 15.png

 Trade 16

Us30 neo trade 15.png

 
 

[immy]

Keep going... you're doing just fine. .. you've found your style and you're settling in

Keep making money... keep the consistency once that is achieved the next step is only to ramp up the lot sizes... thats Stage 4.

cheers

[eaxh]

Keep going... you're doing just fine. .. you've found your style and you're settling in

Keep making money... keep the consistency once that is achieved the next step is only to ramp up the lot sizes... thats Stage 4.

cheers

 

Thank you for the peptalk
 

[eaxh]

D1- uptrend. last days minicandles. marking YD lows.
H1- Range 120 pips. stiill room to take trejds between.

For a bearish entry i would like to see a break through a lower level.

The level was broken 10:02 and i was looking for a bearish entry. i entered too early. should have had a PO under the 2-c pullback. not a MO...
If that was the case i would have waitedd for the banana signal and had myself a good trade. 

The other one after that was okey, should have taken profits at prelow or placed the sl to BE.

the bullish trade today is just wrong. it had entered a trading range which mean wait for  a possible entry based on M5.

The 20 trade was a good signal. I was influenced by the chatroom...
One took a bullish trade, other said range and i wanted to go short. 
No harsh feeling to the other traders 
It made me aware of a weekness of mine. need to stick to my plan and listen to my brain. 

It moved without me today and that makes me frustraded. 
I dont have a strategy or knowledge problem as i did in the beginning of my journey.
Now i have a problem with trusting the knowledge and my instinct.

Its frustrating 
 
I am so close to do it right. 
 

 

Wednesday 2021-05-09.png

 

LO trade 17 18 19 20 21.png

 

Trade 22 lo dax.png

 



 
 

[immy]

I don't have a strategy or knowledge problem as i did in the beginning of my journey.

Now i have a problem with trusting the knowledge and my instinct.

Its frustrating 
 
I am so close to do it right.   

 

These are some of best sentences / thoughts I've read. There is a story behind it, there is a struggle and effort behind it. These are the words that shows there is serious hard work behind it. 

BELIEVE IN YOURSELF - YOU CAN DO IT!!! (i can too  ) 
 
 

[eaxh]

This is the last trades of the week due to a very hectik friday.

Today i saw the D1 in an uptrend. I marked YD low and high.
H1 looked at LO like it was in a abc correction of the down move. I draw a trendline.
Made the M5 in an uptrend.

I noted that to take a bullish entry it has to break the boxes to the left.
To Take a short entry it has to break the trendline.

It opened and tested the upper level but it got rejecter right away so i was bearish but still had the lower level to break.
It did, made a 2-candle pullback. It was two seeds so actually a totally good entry but i try to not take these small pullbacks as i often just get in to early. This time it was a darn good entry. 

Then it pulled back again, but as it had moved alot and was away from the emas i waited for a confirmation around 10 and 20 ema.
I entered and exited acording to the plan.

It made another pullback with a cherry, but as the low did not break the previous low i did not take it. 
In the long run i will benefit from not taking these. 

The next trade i took based on KC 123 entry on m5. i placed a PO under the seed with sl above the box on m1. 
Held it like an S1 and got out with a loss. Totally valid and good managed trade.

I like it most when there is a standard trend. 
The week ended with not so good scores. but the managing is going in the right direction:)

Thursday 2021-06-10.png

 

Thusday trades 23 och 24.png

 
 

[eaxh]

I don't have a strategy or knowledge problem as i did in the beginning of my journey.

Now i have a problem with trusting the knowledge and my instinct.

Its frustrating 
 
I am so close to do it right.   


 

These are some of best sentences / thoughts I've read. There is a story behind it, there is a struggle and effort behind it. These are the words that shows there is serious hard work behind it. 

BELIEVE IN YOURSELF - YOU CAN DO IT!!! (i can too  ) 
 
 

 

YES!! we can and will do it 
 
I'm going to keep making the effort that's required and give me time. If I do, I'll get where I want to go.