Emma´s T20 Journal

[eaxh]

Today was a very quick day. A daily salary in just 10 minutes

D1 was in a wide trading range of 500 pips 
H1 was down 
M5 was in a tight tradingrange. Still tradeble for some traders so i wanted the range to be broken before looking for any opportunity.

At the open tha price went down immediatley and gave me a perfect pullback with a confirmation candle. 
I placed a po below that candle. the price went further down and after 5 bearish candle i hit the trail candle button.

Good signal and good managed. 

Because of the summer and vacation i decided to stop there and enjoy the day with the family.

Måndag Trade 1 .png

 

Monday 2021-07-19.png

Feels really good to be back at the charts after a week of vacation 
 
 

[immy]

Today was a very quick day. A daily salary in just 10 minutes

D1 was in a wide trading range of 500 pips 
H1 was down 
M5 was in a tight tradingrange. Still tradeble for some traders so i wanted the range to be broken before looking for any opportunity.

At the open tha price went down immediatley and gave me a perfect pullback with a confirmation candle. 
I placed a po below that candle. the price went further down and after 5 bearish candle i hit the trail candle button.

Good signal and good managed. 

Because of the summer and vacation i decided to stop there and enjoy the day with the family.
Måndag Trade 1 .png
 Monday 2021-07-19.png
Feels really good to be back at the charts after a week of vacation 
 
 

 

NOW that is a PERFECT Banana Signal...

and surprise Surprise.. .Once again, Today you did the SAME thing... 

And guess what, in US session today, EXACTLY the SAme thing on US30 

[eaxh]

Today was a very quick day. A daily salary in just 10 minutes

D1 was in a wide trading range of 500 pips 
H1 was down 
M5 was in a tight tradingrange. Still tradeble for some traders so i wanted the range to be broken before looking for any opportunity.

At the open tha price went down immediatley and gave me a perfect pullback with a confirmation candle. 
I placed a po below that candle. the price went further down and after 5 bearish candle i hit the trail candle button.

Good signal and good managed. 

Because of the summer and vacation i decided to stop there and enjoy the day with the family.
Måndag Trade 1 .png
 Monday 2021-07-19.png
Feels really good to be back at the charts after a week of vacation 
 
 


 

NOW that is a PERFECT Banana Signal...

and surprise Surprise.. .Once again, Today you did the SAME thing... 

And guess what, in US session today, EXACTLY the SAme thing on US30 



 

What a beautiful signal. 

The pieces are starting to fall into place where it comes to my trading. Especially when it comes to what works for me.

Aims and specially the chatroom has been and still is invaluable.

i can't thank you enough for what you taught me. I will be forever grateful 
 
The best part is that its just the beginning 
 

[eaxh]

This holiday turned out to be very good for the mind.

Something has changed. I am going through alot of self-development and it starts to make a huge different. 

Today for the first time EVER in my trading, i just placed the trade without any hesitation what so ever. It was a cool feeling. 

D1 today was still in a range.
H1 down, but in a correction 
M5 up

I had my levels and when i saw the first candle go down and then close near the high (Upper half) of the candle, m5 was up and the closest levels to the left was clear i did have no other choice than place a PO.
Then i tralesd 10 ema untill it printed 5 bullish candles. '
After that i was done.

Tisdag trade 2 .png

 

Tisdag 2021-07-20.png

 
I have started to use a very good affirmation or mantra or whatever you like to call it.

I'm disciplined and I trust my edge

Takes care of reminding myself of my rules and also keep my focus on the probability in trading instead of tunnel vision of every single trade.

[eaxh]

Today D1 was still in a trading range
H1 was a little tricky, but identified it as a complex pullback, so up.
M5 was up before the open.

No relevant news 

The first candle tried to go up and did a one-candle pullback  so i placed a po above it. deleted it when it went down.
After that it poked the band and madea nicde pullback. was rent.

At that time i was in waitingmode.
It went slowly up and created a pulllback with a banana. When i saw how it reacted to the levels to the left i placed sl to be to be safe as i saw it as a risky entry based on the context. 

After that trade i left. in hindsight i should not have ( hate hindsight). Its summer with the kids and that is my priority now i have all fall and winter to sit glued at the computer 

I think i did good today, Played it safe. 
 

Onsdag trade 3 och 4.png

 

Onsdag 2021-07-21.png

 
 

[eaxh]

Important lessons from today
Most important filter for KC is 
AVOID CLIMATIG MOVES
AVOID RANGES
Deep pullbacks are better than shallow ones.
 


Thursday
D1 sideways
H1 Up
M5 Up

Thoughts at the open. 2 very strong candles and a small small pullback = not my setup so i waited.
The price later went down to touch the lower band and pulled back. looked vey good on m1 so i placed an order. It dud not do another leg down. That was kind of expected as m5 was up. but its a KC on m1 so valid. i managed it wrong. Exit was not disciplined.

The other one was a try to get into the long possible move up. At the peak of the previous wave up i moved sl to be. ended be.

This day i was a little low mentally.

Torsdag trades 5 och 6 DAX LO.png

 
Friday 
D1 Sideways
H1 up
M5 up

News 10:30 Red german. 

The first one was a try to catch the second push. a legit one. A little large signal candle but okey.

The second one was a little iffy, but my setup so i tried it. Was rent. 
I feel that i exited a little late, but if i exited before i would have done it in fear and not letting it breath... so i am a little unsure about that one. I felt kind of early that it was doomed to be rent. But i follow the rules..

Fredag trades 7 och 8 LO DAX .png

 
 

Torsdag och fredag resultat.png

 
 
 WEEK 10 THE END.

This week i have spent minimal time at the charts. i missed some good ones when i had left the charts early. 
When at the charts i think i have done good in general.

i ended  the week with 1,64%.  Not ideal but perfectly fine.

I am looking forward to next week
 

[eaxh]

today there was news at the open. Orange german ones. 

D1 in a range
H1 in an uptrend 
M5 downtrend

At the open i was the first m1 candle going up an the candle before it tried to go down but met buyers at the midline so i placed a po above the candle. 
Probably should have not taken it due to the level to the left on m5. I did not see it as that at the time. so i still think its valid, but could have been avoided. 
Managed according to my rules as well. 

After that i saw that the market was sideways. so i waited and waited. 
About one hour after the open price broke out to the douwnside. It did a sideways pause. did not have an entry there.
I saw that it tried to go down mulitple times but failed so i was thinking that the downpower was slow. 
It then went up with momentum and made a little pullback. did not take it due to the rule i have that sais dont thade without a poke. 
It was a darn good pullback long. 

Price then poked put of the channel.  i placed an order. My concerns was the premarket high. 
I stayed in the trade and at the arrow i placed the sl below the box. 
The exit was on point....throws in a picture of what happened after my exit.  it hurts a little to be honest.
 

Some days are like this. If i trade the opposite it would be better. 

At the times i traded i did not see the market in a range. 
Stayed out when m1 was ranging. thats why i love the kc!
Should have stayed out a little moore today. 

A sissy start to this week.

I have to look at the bigger pitcure in my journey. a couple months ago i would have placed alot moore trades today I'm getting better, too. slowly but surely.

Måndag trades lo 1 och 2.png

 

Skärmbild 2021-07-26 202749.png

 

Månday 2021-06-26.png

 

 

[eaxh]

What a fantastic day!

D1 sideways
H1 sideways
M5 down

And overall down from FO to LO
There was no relevant news to look out for.

because h1 was in a range i wanted it to break the lower level that i had drawed.
It did that quick. Then as the price paused a was a little iffy as the wicks were all in the bottom. i did not get a clean pullback to put an order below. But then when the seed came i thought that this is my chance to get in. I am very happy that i did. at the end of the candle at the arrow i placed sl to be.
I trailed 10 ema untill i saw 5 consecutive candles. got out with candletrail. 

When that trade was done i left. 
I want to enjoy time with the kids when they have summer holiday

Tisdag trade 3 lo.png

 

Tisdag 2021-07-27.png

 

[immy]

What a fantastic day!

D1 sideways
H1 sideways
M5 down

And overall down from FO to LO
There was no relevant news to look out for.

because h1 was in a range i wanted it to break the lower level that i had drawed.
It did that quick. Then as the price paused a was a little iffy as the wicks were all in the bottom. i did not get a clean pullback to put an order below. But then when the seed came i thought that this is my chance to get in. I am very happy that i did. at the end of the candle at the arrow i placed sl to be.
I trailed 10 ema untill i saw 5 consecutive candles. got out with candletrail. 

When that trade was done i left. 
I want to enjoy time with the kids when they have summer holiday :)Tisdag trade 3 lo.png
 Tisdag 2021-07-27.png
 

 

Another trade to Print and laminate. 
we traded it live minute by minute together (even I got out earlier lol). it was fun. 

Although I do have to point out. 

Our trade plans should not be focused on these type of trades. IT should be the ultimate goal of our trading plan or session to catch these trades only. They look beautiful and they have a massive big addition to the profit total but we must realise that these type of runs are the "outliers". Trading plans focused to catch big big moves will suffer in the longer term. 

When you look for a trading edge and quantify data, you're supposed to extract the outliers and treat them differently. 
In short, the base hits, KC123 1R and 1.5R and the occasional 2R trades are the ones that grow our accounts consistently. 

Great Trade keep it up!!!

[eaxh]

What a fantastic day!

D1 sideways
H1 sideways
M5 down

And overall down from FO to LO
There was no relevant news to look out for.

because h1 was in a range i wanted it to break the lower level that i had drawed.
It did that quick. Then as the price paused a was a little iffy as the wicks were all in the bottom. i did not get a clean pullback to put an order below. But then when the seed came i thought that this is my chance to get in. I am very happy that i did. at the end of the candle at the arrow i placed sl to be.
I trailed 10 ema untill i saw 5 consecutive candles. got out with candletrail. 

When that trade was done i left. 
I want to enjoy time with the kids when they have summer holiday :)Tisdag trade 3 lo.png
 Tisdag 2021-07-27.png
 


 

Another trade to Print and laminate. 
we traded it live minute by minute together (even I got out earlier lol). it was fun. 

Although I do have to point out. 

Our trade plans should not be focused on these type of trades. IT should be the ultimate goal of our trading plan or session to catch these trades only. They look beautiful and they have a massive big addition to the profit total but we must realise that these type of runs are the "outliers". Trading plans focused to catch big big moves will suffer in the longer term. 

When you look for a trading edge and quantify data, you're supposed to extract the outliers and treat them differently. 
In short, the base hits, KC123 1R and 1.5R and the occasional 2R trades are the ones that grow our accounts consistently. 

Great Trade keep it up!!!

 

I have been thinking about that too, but I don't know when to take profits at the outer band and when to trail 10 ema. I like it cause it is a clear rule to follow. But it also gives me small small winners or even be when I could have taken 1 or 1,5 R at the outer band or a little more.

when the signal is at 20 ema, the outher band is a very good target. And then when its not its a very bad target. Hmm i don't know. 

The thing is.. when I have 2 different kinds of managing i vill analyse the s**t out of everything and most probably fall asleep when London session is over. 

I think I will have the answer shortly as my brain now is on full speed to find a solution.