Today it was the last day of June. Ended the month with 4%. Will write a review of the month during the end of the week.
Today i tried to look at the phases of the market. I drawed on H1.
Todays levels were the same as the previous days. The market was sideways.
Dax opened at went up quick. i waited patiently fro the first pullback. It started to pull back and i had a po but it did not trigger. At the arrow i thought -this might be a bearish pullback. I have no idea how to see if it is. So hard.
Then i tried a long entry as i saw that it vas moving up strong. had a little rent on that one.
Then m5 was pulling back and i entered below the box on m1.
And here i made the misstake of the year. I started to trail candles after 5 black ones. ON M1?!?!?! Where in my tradingplan did i find that rule? NOWHERE!
After that i was affected and couldnt trade with a clear mind. So i did the right thing and that was to leave.
I did not plan to trade NEO today as i did not think i would have time for that. But i found time to jump in at 16:00, 30 minuits after NEO.
And there and then i saw a KC pullback. I call this just a pure raw KC entry. so took it and started to trail candles when it moved up.
So that was my tradingday. Was the best moving day on dax. And i could not benefit from it.
I will be very careful the last days of the week and reflect.
I will also add some things to my tradingplan. Some more pictures that showes when to not trade.
:cry
Emma´s T20 Journal
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eaxh
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Weekbatch 8 Wednesday 2021-06-30
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eaxh
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Weekbatch 8 thursday 2021-07-01
D1 sideways ( marked some day high and lows.
On H1 i saw a bullish trending channel in form of a wedge so i marked that one
M5 was already going up.
It was OPEC meetings all day, but preliminairy. i was still a little cautios.
The first m1 candle was a bullish trendcandle. Thats not my entry so i was glad to see that it pulled back. I entered with a PO over the 2nd candle.
Held through the first pullback an did not touch it until it closed below 10 ema. As it did that i placed the sl below that candle and my sl was hit later.
When Alina started to trail candles my mind immedieatly wanted to do the same.
Told myself NO EMMA! STICK TO THE PLAN. I did and i am proud.
After that i did not touch the computer until it was journal time.
July started good.
I still have some question marks touching filtering. And that is when m5 is pulling back. to know then its doing a pullback or reversal.
Is it okey to take the m1 pullback in the opposite direction of m5 (according to emas) Or is it only okey to do so when price reacted to a marked level?
I still havent sorted that one out completely.
I am still in stage 1 thinking regarding this and it makes it very hars to trade when m5 is in that area and ofcourse. That area demands some extra discretion. But i am not relly sure on what to look for.
On H1 i saw a bullish trending channel in form of a wedge so i marked that one
M5 was already going up.
It was OPEC meetings all day, but preliminairy. i was still a little cautios.
The first m1 candle was a bullish trendcandle. Thats not my entry so i was glad to see that it pulled back. I entered with a PO over the 2nd candle.
Held through the first pullback an did not touch it until it closed below 10 ema. As it did that i placed the sl below that candle and my sl was hit later.
When Alina started to trail candles my mind immedieatly wanted to do the same.
Told myself NO EMMA! STICK TO THE PLAN. I did and i am proud.
After that i did not touch the computer until it was journal time.
July started good.
I still have some question marks touching filtering. And that is when m5 is pulling back. to know then its doing a pullback or reversal.
Is it okey to take the m1 pullback in the opposite direction of m5 (according to emas) Or is it only okey to do so when price reacted to a marked level?
I still havent sorted that one out completely.
I am still in stage 1 thinking regarding this and it makes it very hars to trade when m5 is in that area and ofcourse. That area demands some extra discretion. But i am not relly sure on what to look for.
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Don't let the fear of losing keep you from winning
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eaxh
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Weekbatch 8 Friday 2021-07-02 THE END
This week was BAD. I tried to outsmart the market... Which dont work.
Today i dont know what happened to my trading. i just analysed wrong. and forgot a little rule i have. The one that price HAS to poke out of the channel. I use it to just trade when there ar volatility in the market.
I also marked the trades with wrong numbers...
I have an exception, like today at LO when price went up and immidieatly got rejected i am allowed to take pullback to the other side. But today i traded into the OL. Not smart and not the way the exception should be used.
The arrow is pointed at the candle i should have been long from. I did see it and i was like... wow what a nice signal. But then i was thinking that its just an illusion. It got rejected from above so why should i trade in that direction.
What i should have done when feeling like that is to not trade at all before i am totally sure.
The 2nd (NR 3) trade was a kc entry, but felt to late for such a shallow pullback so i got out quick.
Trade 4 was based on a good idea, but just wrong. And exit was too late. i was proven wrong waay before that.
And it had not poked out.
I have a memory like Dory in Finding Nemo. I have to have a POP-UP with my rules on the screen when i am near the buy and sell button. And thats not even a joke. i really need it.
Think if i did not have this thought collapses....
Trade 5 and 6 was valid and good managed. Problem- Openline.
So all in all a Brainfartweek for me..
A disciplinescore on 55% and a winrate on 38%
Its a wonder that i only am down 1,39%.
Today i dont know what happened to my trading. i just analysed wrong. and forgot a little rule i have. The one that price HAS to poke out of the channel. I use it to just trade when there ar volatility in the market.
I also marked the trades with wrong numbers...
I have an exception, like today at LO when price went up and immidieatly got rejected i am allowed to take pullback to the other side. But today i traded into the OL. Not smart and not the way the exception should be used.
The arrow is pointed at the candle i should have been long from. I did see it and i was like... wow what a nice signal. But then i was thinking that its just an illusion. It got rejected from above so why should i trade in that direction.
What i should have done when feeling like that is to not trade at all before i am totally sure.
The 2nd (NR 3) trade was a kc entry, but felt to late for such a shallow pullback so i got out quick.
Trade 4 was based on a good idea, but just wrong. And exit was too late. i was proven wrong waay before that.
And it had not poked out.
I have a memory like Dory in Finding Nemo. I have to have a POP-UP with my rules on the screen when i am near the buy and sell button. And thats not even a joke. i really need it.
Think if i did not have this thought collapses....
Trade 5 and 6 was valid and good managed. Problem- Openline.
So all in all a Brainfartweek for me..
A disciplinescore on 55% and a winrate on 38%
Its a wonder that i only am down 1,39%.
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Don't let the fear of losing keep you from winning
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immy
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Re: Emma´s T20 Journal
Hi Emma
Its ok, it happens, but it goes without saying, you can't be too hard on yourself but at the same time, you can't be too easy on yourself either.
One thing is really interesting. Trade 2, short, I have no IDEA how I got myself short at the EXACT same price. Was I hooked on to your monitor or were you mentally controlling me? Its mad...
HAve a good weekend.. I wish people here learn from you and REALISE that really trading is a SKILL and you have to work on your skill to refine it. The only way to do that is JOURNAL!!! I have kept this forum for 10 years now, and found only a handful of people who kept journals. They are the ones who succeeded.
Enjoy your success overall and don't stop doing the very thing that made you successful in the first place... JOURNAL!!! is the KEY
cheers
Immy
Its ok, it happens, but it goes without saying, you can't be too hard on yourself but at the same time, you can't be too easy on yourself either.
One thing is really interesting. Trade 2, short, I have no IDEA how I got myself short at the EXACT same price. Was I hooked on to your monitor or were you mentally controlling me? Its mad...
HAve a good weekend.. I wish people here learn from you and REALISE that really trading is a SKILL and you have to work on your skill to refine it. The only way to do that is JOURNAL!!! I have kept this forum for 10 years now, and found only a handful of people who kept journals. They are the ones who succeeded.
Enjoy your success overall and don't stop doing the very thing that made you successful in the first place... JOURNAL!!! is the KEY
cheers
Immy
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
eaxh
- AIMSter
- Posts: 872
- Joined: 17 Jan 2017, 21:19
- 8
June Review
June has come to an end and it is with joy i am doing this review. My probability mindset is coming back.
All year i have been proftable and all year i have doubt my intuition and knowledge about the market. I am to new and i am to unfocused and i am this and that.
But this shows that i have an edge when i am not even that good. Mostly thanks to my strict risk managent. So i can safely say that when i am disciplined and follow my rules i will probably be wildly profitable.
This is the way i change my mindset. I have to see it to believe it.
This last month or two has really been alot of adapting to Kc and putting toghether my own rules that i can use and that i understand.
It has been up and down and not a very disciplined one. But it is okey, i am still learning every single day and it often take some time to change a behaviour.
The important thing is that i am progressing.
The result for June
Profit 3,88%
Winrate 54%
Ds score 75% (looks better than it is, because some of the valid ones were still bad managed) So actually lower
I also calculated all my ds1 trades ( the one that i placed in the ds1 column. Today i would have taken away some)
Profit 10,16%
Winrate 61%
The answer to my success is
-Just take the damn pullbacks and manage them correct.
I dont need anything else!!
What i will be trading the following months is my own (AIMS) KC Lobot fusion.
And i can not let the fomo take over. There are enough totally valid signals during LO. I dont have to trade trendcandles. (but i sure i will in the future)
All year i have been proftable and all year i have doubt my intuition and knowledge about the market. I am to new and i am to unfocused and i am this and that.
But this shows that i have an edge when i am not even that good. Mostly thanks to my strict risk managent. So i can safely say that when i am disciplined and follow my rules i will probably be wildly profitable.
This is the way i change my mindset. I have to see it to believe it.
This last month or two has really been alot of adapting to Kc and putting toghether my own rules that i can use and that i understand.
It has been up and down and not a very disciplined one. But it is okey, i am still learning every single day and it often take some time to change a behaviour.
The important thing is that i am progressing.
The result for June
Profit 3,88%
Winrate 54%
Ds score 75% (looks better than it is, because some of the valid ones were still bad managed) So actually lower
I also calculated all my ds1 trades ( the one that i placed in the ds1 column. Today i would have taken away some)
Profit 10,16%
Winrate 61%
The answer to my success is
-Just take the damn pullbacks and manage them correct.
I dont need anything else!!
What i will be trading the following months is my own (AIMS) KC Lobot fusion.
And i can not let the fomo take over. There are enough totally valid signals during LO. I dont have to trade trendcandles. (but i sure i will in the future)
Don't let the fear of losing keep you from winning
-
eaxh
- AIMSter
- Posts: 872
- Joined: 17 Jan 2017, 21:19
- 8
Re: Emma´s T20 Journal
Hello Immy !immy wrote: 02 Jul 2021, 19:00 Hi Emma
Its ok, it happens, but it goes without saying, you can't be too hard on yourself but at the same time, you can't be too easy on yourself either.
One thing is really interesting. Trade 2, short, I have no IDEA how I got myself short at the EXACT same price. Was I hooked on to your monitor or were you mentally controlling me? Its mad...
HAve a good weekend.. I wish people here learn from you and REALISE that really trading is a SKILL and you have to work on your skill to refine it. The only way to do that is JOURNAL!!! I have kept this forum for 10 years now, and found only a handful of people who kept journals. They are the ones who succeeded.
Enjoy your success overall and don't stop doing the very thing that made you successful in the first place... JOURNAL!!! is the KEY
cheers
Immy
It is okey if it happens once or twice and i know i am often to hard on myself but that it also one of the things that keeps me going.
But more positive pushes from myself would be good ofcourse
Discord and journaling is the key really.
Yep i am telepathic
Have an awsome weekend!!
Don't let the fear of losing keep you from winning
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eaxh
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- Joined: 17 Jan 2017, 21:19
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Weekbatch 9 Monday 2021-07-05
D1 and H1 is in a sideways range that is getting tighter and tighter.
M5- overall down but sideways from FO
News- Opec meetings all day
i noted that if it opens up there is room for trades. But if it goes down i have a level that i want it to break before i look for an entry.
The move down at the open was strong an did not do a pullback for me to get in on and that is okey.
After a strong move like that i am conservative with my entries. I was expecting a little more complex or a deeper pullback. It went down again and then i waited for the break of level before looking for an entry again.
Trade 1 i based on break of a tradingrange and a retest. Got myself a small small winner.
The first arrow in the picture below = i thought that it has to be a lower low to look for another pullback so i did not see that as point 1 in KC methodology. In my view that is like trading inside the range. Or is it okey if and when m5 is still bearish?
Trade 2 was a good one. I was ddisciplined and trailed 10 ema. In this trade that gave me a BE. Does not feel good, but that was according to the plan. After that i saw a S1 and placed a PO above the tight box. But i then realised that Peak of wave 3 was in line with a level on H1 so i quickly got out of that one for a BE. What happened after. Irrelevant.
M5- overall down but sideways from FO
News- Opec meetings all day
i noted that if it opens up there is room for trades. But if it goes down i have a level that i want it to break before i look for an entry.
The move down at the open was strong an did not do a pullback for me to get in on and that is okey.
After a strong move like that i am conservative with my entries. I was expecting a little more complex or a deeper pullback. It went down again and then i waited for the break of level before looking for an entry again.
Trade 1 i based on break of a tradingrange and a retest. Got myself a small small winner.
The first arrow in the picture below = i thought that it has to be a lower low to look for another pullback so i did not see that as point 1 in KC methodology. In my view that is like trading inside the range. Or is it okey if and when m5 is still bearish?
Trade 2 was a good one. I was ddisciplined and trailed 10 ema. In this trade that gave me a BE. Does not feel good, but that was according to the plan. After that i saw a S1 and placed a PO above the tight box. But i then realised that Peak of wave 3 was in line with a level on H1 so i quickly got out of that one for a BE. What happened after. Irrelevant.
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Don't let the fear of losing keep you from winning
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eaxh
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Weekbatch 9 Tuesday 2021-07-06
Today the market was in a range on H1 and D1. There are the same levels in play as the previous days.
News 11:00 EUR orange news 16:00 US Red news.
Today i only took one trade.
I saw the price breaking out to the downside. I saw that the move was a bit climatic so i had that in mind. It started to pull back and did that strongly.
The move up ended right at Premarket lows and there were some more sellers so i joined and took some profits.
I trailed the 10 ema as it did not do 5 black candle. Feels like i left profits on the table and i did. But i am disciplined and that is what is going to make me successfull in the long run.
Along the years to come i am going to develop the skill to read the market i am sure.
Then i saw the market as in a range on M1. Had a po below the next pullback efter break of the sideways market. It pulled back deeper so i did not take it.
News 11:00 EUR orange news 16:00 US Red news.
Today i only took one trade.
I saw the price breaking out to the downside. I saw that the move was a bit climatic so i had that in mind. It started to pull back and did that strongly.
The move up ended right at Premarket lows and there were some more sellers so i joined and took some profits.
I trailed the 10 ema as it did not do 5 black candle. Feels like i left profits on the table and i did. But i am disciplined and that is what is going to make me successfull in the long run.
Along the years to come i am going to develop the skill to read the market i am sure.
Then i saw the market as in a range on M1. Had a po below the next pullback efter break of the sideways market. It pulled back deeper so i did not take it.
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Don't let the fear of losing keep you from winning
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eaxh
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Weekbatch 9 Wednesday 2021-07-07
Today before the open i saw D1 in a tight range and that make H1 in a wide trading range and there were some room both up and down.
M5 was up from FO and at the time of LO it was in a perfect little pullback so i placed a PO above the fractal and stayed in strailing the 10 Ema untill i saw 5 white candles so i started to trail those.
I had a perfect entry and a perfect exit. I am very happy with this trade.
For me in trading LESS IS MORE
At the arrow on M1 i was feeling the fear of giving profits back. I stayed in and folowed my rules.
M5 was up from FO and at the time of LO it was in a perfect little pullback so i placed a PO above the fractal and stayed in strailing the 10 Ema untill i saw 5 white candles so i started to trail those.
I had a perfect entry and a perfect exit. I am very happy with this trade.
For me in trading LESS IS MORE
At the arrow on M1 i was feeling the fear of giving profits back. I stayed in and folowed my rules.
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Don't let the fear of losing keep you from winning
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eaxh
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Weekbatch 9 Friday 2021-07-09 THE END
I have now adopted or taking back my "less is more" trading.
And its working
Today i saw both D1 H1 in a wide range with alot of room for trades both up and down.
M5 was in a uptrend trading channel.
I took the first 2 Candle pullback and trailed 10 ema . It was a disciplined trade and i did not feel bad or stressed for giving profits back. I know that some will be like this if i have to have the change to catch the bigger moves.
The other one was a KC trade with a cherry as confirmation. As i entered i was feeling like the momentum is shifting from up to down. The price jumped up and down and the spreak got a little wider and that always happen before a bigger move (iin m1 scale) so when that happend i placed sl to Be. I did not want to catch a bigger looser due to slippage if it moves quickly against me.
I did it because of experience, not of fear. That trade ended BE.
This week is a 100 % winrate and 100% ds score. An AMAZING WEEK!!!!
I am going through a change in my thinking. I have to admit that i am sometimes going in a trade with the intension of making money and i gets in a bad mood if it a looser.
I have now slowly turned it around to think that if my setup come, i´ll take it. I dont force trades now and i am going to work hard to continue with that.
Next week i am going on holiday so i´ll be back week 29
And its working
Today i saw both D1 H1 in a wide range with alot of room for trades both up and down.
M5 was in a uptrend trading channel.
I took the first 2 Candle pullback and trailed 10 ema . It was a disciplined trade and i did not feel bad or stressed for giving profits back. I know that some will be like this if i have to have the change to catch the bigger moves.
The other one was a KC trade with a cherry as confirmation. As i entered i was feeling like the momentum is shifting from up to down. The price jumped up and down and the spreak got a little wider and that always happen before a bigger move (iin m1 scale) so when that happend i placed sl to Be. I did not want to catch a bigger looser due to slippage if it moves quickly against me.
I did it because of experience, not of fear. That trade ended BE.
This week is a 100 % winrate and 100% ds score. An AMAZING WEEK!!!!
I am going through a change in my thinking. I have to admit that i am sometimes going in a trade with the intension of making money and i gets in a bad mood if it a looser.
I have now slowly turned it around to think that if my setup come, i´ll take it. I dont force trades now and i am going to work hard to continue with that.
Next week i am going on holiday so i´ll be back week 29
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Don't let the fear of losing keep you from winning