Emma´s T20 Journal

[immy]

Hi Emma

This weeks lessons and deliberations have lead to something interesting. I was going through my charts and trades and yours and doug's ideas. I was comparing the KC and the LOBOT. 

I thought I'll share my observations with you here. 

The KC
- is good for 1:1 (or 1:2 depending on where you put your SL) Targets
- will give you signals with deeper retracement
- will make you stay out when markets are moving strongly.

compare that to 10/20
- is good for 1:1 tgo 1:20 and more
- will give you signals with shallower retracement as well, such as 2 candle or 3 candle pullback
- will allow you to ONLY trade when market is STRONGLY moving.

I really do think that we should stick to 10/20 on the M1 or M5 charts...

Examples are below

KC vs the LOBOt (10/20 Pullback) 

The KC and the lOBOT are both pullback methods but the LOBOT also has other entries etc. But tha'ts besides the point here. 
Here I want to show the difference between the pullback fit for KC method vs the pullback fit for 10/20 lobot method 
 Chart 1  - This type of pullback is fit for KC 

KC vs Lobot Pullback.png

Chart 2 - This type of pullback is fit for Lobot 10/20 method 

This type of pullback is suitable for the lobot method. I personally like this type because I like to see the market moving faster and quicker with momentum as opposed to a market that does a 50% retrace like the chart above. 

Price is out of the band hence you cannot make an entry on this type of breakout and pullback using the KC method. 
The KC method trigger only when price pokes out of the band and then comes back to the mid line. 

For the KC method when price is out of band you're supposed to be looking for either "mean reversion" i.e. reversals or looking for exits. 

KC vs Lobot Pullback 2.png

 

I hope it makes sense. What do you think? 

ps: 

Chart 3: 
After the above some more thoughts occured to me. Since market is not really moving today, I have plenty of time on my hands. 
What better way to spend my free time than to spend it on charts? analysing it and coming up with ideas Right? 

So, here we have chart 3. I show a chart from the 24th of may this year. This is a DAX30 chart again, from NY open. 

Let's look at it from day trading perspective. Since we trade near the open. Here is a chart during new York open. I just randomly selected it. 

What you see in the chart comparison below favours the 10/20 lobot method. It appears to me that during breakout situations, the KC can't capture the moves. 

 

KC vs Lobot Pullback 3.png

 

 Chart 4 - Killing Two Birds with One Stone

I'm guessing what you're doing something very clever. Confirm please if my guess was correct. 

You're looking for poke outside the band. and once that is done you have two options 

1. If the market is trending strongly in a breakout phase then it will only do shallow pullbacks. In that case the 10ema comes in handy. But you will look for a pullback ONLY when Point 1 is confirmed. That is Has it poked above the outer band? In this case the answer is yes. 

2. Price printed a bearish candle but its an inside candle. So its not a pullback. It's a pause. The next candle is a Doji but it did break below the low of the inside candle so it is now a pullback pattern. 
But you can sense here that price is not wanting to go back inside the channel and start to turn around near the mid-line. 

In this case if you have evidence of price stalling near 10 ema then that can be your first entry. With stop loss on the other side of 20. by putting SL on other side of 20 you will allow yourself room if there is going to be a complex abc pullback. At the same time, you're not missing the potential breakout type pullback. 

Hitting two birds with one stone. 
 
 

KC vs Lobot Pullback 4.png

 
 
 
 
 

[eaxh]

Hi Emma

This weeks lessons and deliberations have lead to something interesting. I was going through my charts and trades and yours and doug's ideas. I was comparing the KC and the LOBOT. 

I thought I'll share my observations with you here. 

The KC
- is good for 1:1 (or 1:2 depending on where you put your SL) Targets
- will give you signals with deeper retracement
- will make you stay out when markets are moving strongly.

compare that to 10/20
- is good for 1:1 tgo 1:20 and more
- will give you signals with shallower retracement as well, such as 2 candle or 3 candle pullback
- will allow you to ONLY trade when market is STRONGLY moving.

I really do think that we should stick to 10/20 on the M1 or M5 charts...

Examples are below

KC vs the LOBOt (10/20 Pullback) 

The KC and the lOBOT are both pullback methods but the LOBOT also has other entries etc. But tha'ts besides the point here. 
Here I want to show the difference between the pullback fit for KC method vs the pullback fit for 10/20 lobot method 
 Chart 1  - This type of pullback is fit for KC KC vs Lobot Pullback.png
Chart 2 - This type of pullback is fit for Lobot 10/20 method 

This type of pullback is suitable for the lobot method. I personally like this type because I like to see the market moving faster and quicker with momentum as opposed to a market that does a 50% retrace like the chart above. 

Price is out of the band hence you cannot make an entry on this type of breakout and pullback using the KC method. 
The KC method trigger only when price pokes out of the band and then comes back to the mid line. 

For the KC method when price is out of band you're supposed to be looking for either "mean reversion" i.e. reversals or looking for exits. KC vs Lobot Pullback 2.png
 

I hope it makes sense. What do you think? 

ps: 

Chart 3: 
After the above some more thoughts occured to me. Since market is not really moving today, I have plenty of time on my hands. 
What better way to spend my free time than to spend it on charts? analysing it and coming up with ideas Right? 

So, here we have chart 3. I show a chart from the 24th of may this year. This is a DAX30 chart again, from NY open. 

Let's look at it from day trading perspective. Since we trade near the open. Here is a chart during new York open. I just randomly selected it. 

What you see in the chart comparison below favours the 10/20 lobot method. It appears to me that during breakout situations, the KC can't capture the moves. 

 KC vs Lobot Pullback 3.png
 

 Chart 4 - Killing Two Birds with One Stone

I'm guessing what you're doing something very clever. Confirm please if my guess was correct. 

You're looking for poke outside the band. and once that is done you have two options 

1. If the market is trending strongly in a breakout phase then it will only do shallow pullbacks. In that case the 10ema comes in handy. But you will look for a pullback ONLY when Point 1 is confirmed. That is Has it poked above the outer band? In this case the answer is yes. 

2. Price printed a bearish candle but its an inside candle. So its not a pullback. It's a pause. The next candle is a Doji but it did break below the low of the inside candle so it is now a pullback pattern. 
But you can sense here that price is not wanting to go back inside the channel and start to turn around near the mid-line. 

In this case if you have evidence of price stalling near 10 ema then that can be your first entry. With stop loss on the other side of 20. by putting SL on other side of 20 you will allow yourself room if there is going to be a complex abc pullback. At the same time, you're not missing the potential breakout type pullback. 

Hitting two birds with one stone. 
 
 KC vs Lobot Pullback 4.png
 
 
 
 
 

 

Hi Immy!

I'm very grateful that you shared this.
These a very interesting observations. I have also noticed this while i have been jumping back and forth between 10/20 and KC and both are awesome and i like both.


And yes, you are right.I am trying to "beat two flies in one slap"
I dont want to trade when the price stays in the channel so a poke before i look for trade is mandatory.
And when i have been strict with pullback towards 20 ema i often miss the big moves, because when price moves strong it dont really come back that deep until it is to late and its time for M5 to pull back. 
Thats why i added the 10 ema as well. To benefit from the real momentum,

I haven't figured out until now what to do with my stop losses. Just like you say, I need to have a sl on the other side of the 20 ema to be able to give room for an abc pullback if this happens. And when it's a Kc pullback, I can have SL at outer bands, or above a cherry.

When to take profits is a whole other question. i am working on that.
But I think I will land in trailing 10 ema for momentum trades and outer bands for kc ( if it movet fast- trail free bars). continuation follows.

I also ave the box for two reasons. One is to see mor easy when m5 is boxed (so i dont trade the sh't out of m1 when i´m not supposed to) and also for the pullbacks on m5 because it makes the S1-box pattern that i am use to see.


Seems like alot going on, but now that I've come up with my own little fusion, it can't get any clearer.
As i have mentioned before, my memory is very poor and i get distracted VERY easy of new ideas so i really need these indicatiors and framework to make me stay in line with my plan. It all start so make sense.

It is going to be very interesting to trade this. And i am doing all i can to not let my insecurity or fear take over.


 
 

[eaxh]

Today was the day of errors.

Dax was up on all timeframes. 
I missed the first entry available to me. (arrow) I saw the seed get printed and was on my way to click the buy button but before i had the chance to enter it had already flew away.
I took the next one. When taking i saw it as a Kc entry. What i did not notice was that the pullback i took was a 100% pullback. Thanks to Immy who pointed that out.
So that was the biggest error today.

Then i entered some kind of confusing mode. On KC perspective M5 was bullish, so had a po over the outsidebar on m1, to get in early. But i looked at H1 and saw that the first candle was probably going to be a bearish one. The m1 printed a banana and i got out and reveresed short. should have just stayed in that one.... had the sl to tight.

Trade 4 was a classic S1 pattern. Was thinking i can catch wave c down on m5 as it was not moving up. should have made the exit based on M5 and not m1. its to swingy .

The last trade on dax its just to late and wrong....

Måndag 2021-06-14.png

 

Måndag trade 1-5 LO.png

Had the setting calculated on pips so would not have been full 1 % losses if fully rented.  
All the us30 entry was valid, beside trade 7 that is outside and stretched. Can only take the first like a lobottrade. The other has to retrace more. Have to have in mind that the wave 2 and wave 4 often have different patterns.
The exits was not as good as i want them to be.

Måndag trade 6-8 NEO.png

 

So all in all a bad day for me.

Note to self. Need to write a more detailed BUT clear tradingplan.

[immy]

I totally agree with your conclusion. It is YOUR trading journey and your trading plan and your trading account. and don't forget, "your mind and emotional self"...  I really enjoy our interactions here in the forum and in the chatroom. This is some real work.   The indicators etc are there for us to use as we wish. They are tools. I used to think that a set of indicators was supposed to be followed religiously but I've changed my opinion on that. The indicators are there for us to use to create a mental and visual framework. Something that allows us to "trade better". that's it.  cheers 

[eaxh]

Today before LO
D1- trending up and squeezing
H1- up
M5- up 

Tisdag 2021-06-15.png

 

The first m5 candle was a big cherry. i had the urge to go long, but was still inside itself so i waited. Then it poked out of the channel, came back to 20 ema and made a bananacherry. Placed a PO aboce the candle on m5. had a plan to exit around 15800 as the price has reacted to that level before. 
While the "give it room period" i started to hesitate and just get out with a small loss.
Then i reminded myself of my plan. I  exited on 10 ema , but a little late.

The second trade was not good, in totallt WRONG PLACE!!!!. very cute signal though.

Tisdag LO dax trades 9 och 10.png

 

The us30 trade was a dissapointment.... when i take a "lobot" entry i have the plan to trail 10 ema or trail candles when it far away from the emas. crystalclear. But i also have the option to exit at some level. a leel that price has reacted before. 
These last days the moves had been kind of short and reverse quick and only give me small small winners. 
So i exited by plan at a level, but it was out of fear after thinking about it....

Tisdag NEO US30 trade 11.png

 

 
 

[dcheungts]

Today before LO
D1- trending up and squeezing
H1- up
M5- up Tisdag 2021-06-15.png
 

The first m5 candle was a big cherry. i had the urge to go long, but was still inside itself so i waited. Then it poked out of the channel, came back to 20 ema and made a bananacherry. Placed a PO aboce the candle on m5. had a plan to exit around 15800 as the price has reacted to that level before. 
While the "give it room period" i started to hesitate and just get out with a small loss.
Then i reminded myself of my plan. I  exited on 10 ema , but a little late.

The second trade was not good, in totallt WRONG PLACE!!!!. very cute signal though.Tisdag LO dax trades 9 och 10.png
 

The us30 trade was a dissapointment.... when i take a "lobot" entry i have the plan to trail 10 ema or trail candles when it far away from the emas. crystalclear. But i also have the option to exit at some level. a leel that price has reacted before. 
These last days the moves had been kind of short and reverse quick and only give me small small winners. 
So i exited by plan at a level, but it was out of fear after thinking about it....Tisdag NEO US30 trade 11.png
 

 
 




 

Hi Ema, 

The last few days US30 and also Nasdaq100 was in very perfect trending mood. It was impossible to loose money except you choose wrong SL Swing caculation. 5M 1M is very fast specially with US30 .There u need at least 50-70 points SL for a Scalp during the NO. As Immy said Trading should Stress free but frankly speaking is there really Stress free if u trade such small swings with so small TP ?  Look at my last 3 5M US30 trades . Trade 01  Tp 80 points  Trade 2 120 points  Trade 3 170 points .  As you see they never come to my Sl for any kind of Pressure .  Thats the same Lobot Methods 
but with Higher time frame. 1597Tick CHart for trend and 5M for Entry . If u analyze correctly then u see always Setupt 1 in 5M with this 1597Tick chart locations. In my opion is much easy to use higher Timeframe to wait for the structure/picture then scale to lower time for a S1 or KC or Lobot entry. 
 
 
 

[dcheungts]

Today before LO
D1- trending up and squeezing
H1- up
M5- up Tisdag 2021-06-15.png
 

The first m5 candle was a big cherry. i had the urge to go long, but was still inside itself so i waited. Then it poked out of the channel, came back to 20 ema and made a bananacherry. Placed a PO aboce the candle on m5. had a plan to exit around 15800 as the price has reacted to that level before. 
While the "give it room period" i started to hesitate and just get out with a small loss.
Then i reminded myself of my plan. I  exited on 10 ema , but a little late.

The second trade was not good, in totallt WRONG PLACE!!!!. very cute signal though.Tisdag LO dax trades 9 och 10.png
 

The us30 trade was a dissapointment.... when i take a "lobot" entry i have the plan to trail 10 ema or trail candles when it far away from the emas. crystalclear. But i also have the option to exit at some level. a leel that price has reacted before. 
These last days the moves had been kind of short and reverse quick and only give me small small winners. 
So i exited by plan at a level, but it was out of fear after thinking about it....Tisdag NEO US30 trade 11.png
 

 
 


 

Here my Nadaq 100 Scalping trades from Yesterday :
I like to use 1M in Nasdaq100 for scalping because he is not so wild compare to US30 . For Nasdaq with 15-20 point Sl u survive easily any kind of deep PB in a S1.But i dont look at 1 M chart for a Setup. The same game i use a 233 tick chart for the location. I attached a 233T chart location for a 1M S1 Setup for your reference . If u study the 233Tick chart u see the red circle is always a push then PB to a SR and this is always the  1M S1 Setup .

Such S1 Setup on this location has always 30 to ~50 point sprint power. With a 20 point Sl  u have minium 1.5 to 2 R/R.  
 

 
 

[dcheungts]

Today before LO
D1- trending up and squeezing
H1- up
M5- up Tisdag 2021-06-15.png
 

The first m5 candle was a big cherry. i had the urge to go long, but was still inside itself so i waited. Then it poked out of the channel, came back to 20 ema and made a bananacherry. Placed a PO aboce the candle on m5. had a plan to exit around 15800 as the price has reacted to that level before. 
While the "give it room period" i started to hesitate and just get out with a small loss.
Then i reminded myself of my plan. I  exited on 10 ema , but a little late.

The second trade was not good, in totallt WRONG PLACE!!!!. very cute signal though.Tisdag LO dax trades 9 och 10.png
 

The us30 trade was a dissapointment.... when i take a "lobot" entry i have the plan to trail 10 ema or trail candles when it far away from the emas. crystalclear. But i also have the option to exit at some level. a leel that price has reacted before. 
These last days the moves had been kind of short and reverse quick and only give me small small winners. 
So i exited by plan at a level, but it was out of fear after thinking about it....Tisdag NEO US30 trade 11.png
 

 
 




 

Here is a US 1597T Chart with possible all 5M S1 Locations in red circle .
There are 2 kind of locations for 5m S1 .
condition 1.) hidden between 2 candles locations 
condition 2.) Push then minium 1PB candle 

As u see in 1 day u have at least 3-4 such possibility with a strong S1 . Very easy and Stress free to Spot. One 1597T candle is around ~30 minutes or less u look into the chart if fullfill 1 of this 2 criteria u goto 5M and trade the S1 Setup or your lobot or KC methods . ( At the end they are all similiar )

If u start to use highter time for Trend then believe me u will have more fun compare like the small scalp what u are now doing.

Here is my flowchart Progress:

1.) Break a Structure or create a New Swing High or Swing Low              ( This help u to avoid ranging market )
2.) 1597T chart or 233 Tick chart for scalp  meet condition 1 or 2 
3.) Goto 1597T > 5M chart S1        233T chart > 1M Chart S1 (Only Nasdaq100)
4.) As u are in a Pullback phase u want to see a Structure change    

Here is a Structure Formulare about the different Setups :

Step1  1 Pullback candle  = 1M S1 Setup   
Step2  2 Pullback candle  = 1M S1 Setup
Step3  3 Pullback candle =  5M S1 Setup

The most Difficult is in Step 1  because there are 4 possiblity , thats why u need the lower chart to see the structure to filter out .
Step 1   1 Pullback candle  has 4 Setup possibilty  Waltz /2X PB/ 3PB/ Zig Zag 
Step 2   2 pullback candle  has only 2 setup possiblity left .
etc .

As you see thats why is better to look into the lower timeframe to see the structure for a S1 to filter the other 3 setups out . 
 
 

[dcheungts]

Today before LO
D1- trending up and squeezing
H1- up
M5- up Tisdag 2021-06-15.png
 

The first m5 candle was a big cherry. i had the urge to go long, but was still inside itself so i waited. Then it poked out of the channel, came back to 20 ema and made a bananacherry. Placed a PO aboce the candle on m5. had a plan to exit around 15800 as the price has reacted to that level before. 
While the "give it room period" i started to hesitate and just get out with a small loss.
Then i reminded myself of my plan. I  exited on 10 ema , but a little late.

The second trade was not good, in totallt WRONG PLACE!!!!. very cute signal though.Tisdag LO dax trades 9 och 10.png
 

The us30 trade was a dissapointment.... when i take a "lobot" entry i have the plan to trail 10 ema or trail candles when it far away from the emas. crystalclear. But i also have the option to exit at some level. a leel that price has reacted before. 
These last days the moves had been kind of short and reverse quick and only give me small small winners. 
So i exited by plan at a level, but it was out of fear after thinking about it....Tisdag NEO US30 trade 11.png
 

 
 




 

Hi Ema ,
today is 16/06/2021 my first 5M trade during LO:  
I though i give u a Live example how is works. 

1.) 1597T chart have a break and follow by 2 pullback candle thats means u have a possible 5M S1 Setup.
2.) Pic 2 u see the 5M chart with this Setup 
3.) U see the ABCD Structure change confirm 

Entry 

Is was only a TP  58Point trade  my trailing kick me out , Sl was 30 Points  but overall a good R:R  and a easy and stress free trade ! 

This is what i mean u just need focus on the bigger time frame setup picture .


 
 
 
 

[eaxh]

This morning
D1- up and squeezed even more than yesterday.
H1 had entered a range.
M5 was in a range. 

News today FOMC at 20:00 

The movement just before LO shows that it tries to break the upper level and gets rejected from above.
Had the range marked and had in mind that i dont enter inside the range. i wait.
when it broke the lower level of the range i waited. I want to get in on a valid pullback. 
When it was time for a pullback i first saw that it wass a little to strong. But i also saw that the price went up and restested the box low from premarket. 
I entered with a po below a bearcandle that closed below 20 ema.
Trailed Close above 10.
Felt very good to be disciplined

Onsdag trade 12 dax.png

 

Onsdag trade 12 och 13.png

I am a little uncertain whether i trade the news correct....
Wait for the direction and then wait for the pullback. the pullback was a little to deep perhaps?
 

Trade 13 FOMC .png