Emma´s T20 Journal

[eaxh]

D1 and H1 was still in the same range as the previous days. 
M5 strong downtrend from FO.

If it goes up= be careful, there are alot of levels up there.
If it goes down= Go for it!

The price was near the upper edge of the trading range on H1. It had done 3 small waves which could indicate a major reversal so i was ready for a downmove today. 

At the open the price just shoot up. It was still inside the range so i was not interested until it had broken it. The first setup was filtered (Arrow)

Then it made itself out of the range and pulled back and i took a long position( Trade 3) I saw it as a clean pullback and went for it. 
Was rent so NEXT.
Hindsight- Could have been a little late in the move on M1 and too early for an entry in the bigger context.

Then it made a S1 pattern( Was Kc on M5) so i waited for some kind of resumption of the trend from LO.
When it did start to move in the same direction again and pulled back i placed a po and waited. IT went sideways for a whine but then when it started to go up and made a fractal low that was in line with my entry i placed the Sl to Be. 

Torsdag trade 3 och 4.png

 

Torsdag 2021-08-05.png

 
 

[eaxh]

D1 range
H1 up trading channel
M5 Up
Price very near all time high.

Important us news in the afternoon so traders could be waiting for it.

If it goes down = be aware of the pre range highs on H1.
--"-- Up = VERY CAREFUL as the ath is only about 30 pips above.

At LO the price went up and made alot of wicks which made me wait.
Then price went down and poked the outer band so i waited for a confirmation candle. When it arrived i placed a po under it and got out with a small rent. All according to the plan. 

After it went into a S1 pattern and i had a pending ofrder below to first bearish trendcandle that gave signs for a resumption of the previous move.
As ift went up again i deleted the pending order. 
I shouldnt have done that..... But a lesson learnt!

 

Friday trade 5.png

 This is what happened.

could have been the perfect one i was dreaming for to catch..png

 

Week 12 score.png

 Weekly review

This week i have become better at filering trades that have a climatic move before it. I have also filter some trades that have been in a overall range and therefore have a lower change of succeed.

I have with suggestion from Immy started to score all the trades with a score from 1 to 10. My avarage this week was kond of low. But all ones are valid. I have to becole EVEN better on filtering trades, specially the ones that i take within a range. I am getting tricked by the cute setup and forgets the context. CONTEXT FIRST then Setup!

This week does not need more comments than that. I am chugging along.
 

[eaxh]

Monthly score 
Ds score 83%
Winrate 55%
Profit +5,7%

This month went by very fast.
I was away one week in july on holiday and that was well needed.
I have studying almost everyday for a year now. If it were not trading hours i have read books, chatt converations and everything i have come across ,watched videos to learn as much as i can. 

In july i was very disciplined.

+ I now know how to manage my trades and do it with confidence.
+ I have a very strict risk management which i follow to the letter.
+ I am getting better to not ant on my emotions.

- I am taking pullbacks after climatic moves.
- I am taking pullbacks when M5 is in a range.

What i need to put more attention on.

• Filter pullbacks that comes after a climatic move ( to stretched) Also on m5.
• Only take pullback when M5 in trending, alt in a WIDE range. But always best probability in a trend.

Besides that.... AWESOME WORK EMMA! 

Equity curve. Too bad that the 5th wave was truncated 
 

Juli.gif

Favourite trade of July 

Till utverdering. Super.png

 
 
 

[eaxh]

D1 Range
H1 Sideways, could have entered a downtrend
M5 down, could be caught in a range
No relevant news.

If it goes down = Previous range high on H1 is near. Besides that, down is good
If it goes up = High to the left on M5 need to clear. Above that we have ATH so careful careful....

Filtered trades
Arrow 1 = Too climatic for such a shallow pullback. needed more pullback
Arrow 2 (trade 1) = misstake and did not have the chance to delete the po before it was triggered. Thought for a second that the upmove was to continue. It was fomo so deleted it. Ds0 for that.
Arrow 3 = Was waiting for the candle to close.
Arrow 4 = At Lo och Fo and after 7 consecutive candles on m5, so no. 

I realised today that my settings for the banana was wrong. I search for the settings Immy shared and changed mine. 
The arrow 3, missed trade... shouldnt have been a missed trade. I did not have the bananas there at the time of pullback. 

After that M1 was in a range and alot of history to the left so i left.

Monday trade 1 Big misstake....png

 

Monday 2021-08-09 191546.png

 
 
 

[eaxh]

11:00 SWE-time Orange German news

D1 Range
H1 range 110 pips
M5 up at the moment but overall traped in a range with ALOT to the left

Watch levels both up and down.
Very close to ATH

Very low atr

I dont want to trade in these in environments. Spread is to high and pullback dont really have an egde.

So no trading today VERY DISCIPLINED AND GOOD
 

Filtered trades
Arrow 1 = Wrong context
Arrow 2 = Went above the Box on H1. Wass waiting for an entr but the entry was in freebar territory so no.

Stayed inside the range the whole session. 

Tisday 2021.08-10 no trades.png

 
 

[eaxh]

EM Move.png

 No relevant news

D1 range
H1 same range as yesterday 110 pips
M5 tight range of 40 pips

Overall not good context.

Have to breah the m5 range for an entry to be consider to look at. 
If it goes up = ATH very near. Breakout often fails.
Down = Have room for a trade to the downside to the Range low of H1

Arrow 1 = Missed the pause, but dont want an entry outside the channel so would not have taken it in this condition. If it was clear ait to the left i would have tried it.
Arrow 2 = Move is gone
Arrow 3 = Wrong context

No trade today, VERY disciplined Emma!! 
I am becoming the queen of filtering. Slowly but surely
 

Wednesday 2021-08-11 No trades.png

Today it moved outside my trading hours. 
I am happy for those who caught it.

I am not sure that i would have taken it.... The signal was before clearing the range high on H1 and was very close ATH.
 

EM Move.png

 
 

[eaxh]

D1 Range (At the highs) Could have done a fakeout or a breakout to the upside. Still not confirmed
H1 Up (FO candle bounced at pre range high)
M5 Down. Right at Lo the momentum shifted to the upside which was in line whit the bounce on H1 so i was bullish.

I assessed that it was okey to take signals both up and down as long as M5 is not stuck in a range.

The overall problem today is that the volatility is still pretty low.
But that also means that i risk less due to my fixed SL.

London open was above FO.

TRADE 2 The first candle went up and i was ready to take a pullback. I dont really like to use hindsight because trading is in blind sight... But it went up and poked the band and made a banana near the midline. ITt was a little big but i have seen it go quick so many times. 
It failed and i had a rent. 

The first candle on M5 was a confusion candle. But if i wait for the first M5 candle to close everyday i may miss alot of these early lobot signals.
So i am not really sure if this was hoping for to much orjust rent... hmm..
The signal itself is not 100% and the volatility i low... but its LO so i tried it. 

After that i was waiting for a long time. It was sideways on M5 and M1 for about 1
one hour.

TRADE 3 Then it went below the boxes to the left on M1, poked down below the box on M5 and poked the lower band and made a cute pullback. 
So my thought was that its a valid signal. Was a lowrisk trade, but at the same time not very advantageous due to the overall condition.

The day in a summary - Was very disciplined but a little to hopeful.

I was calm during the whole session.

The same thing as YD happened today as well.... It moved! ALOT! after i had left. 
Its something i have to accept and move on. I will ave more time for trading from Monday when School and preschool start again after the summer.
I am really looking forward to trade in a empty house

I am also going to get myself familiar with the IG platform and how it works. I have waited for a feature that is finally here! In there i can trade with a very favourably account with a VERY small taxrate.
There is alot happening this fall i am soooo READY 
 

 
 Note to self - Have to start trading the Us open. Maybe not everyday but maybe 3 days in a week. I miss Us30 and Nasdaq.

Thursday trade 2.png

 

Thursday trade 3.png

 

Torsdag 2021-08-12.png

 


 
 

[eaxh]

Friday
D1 Up
H1 up (Flagging)
M5 Could have started something to the downside (The flag) I would say range

When price is outside the closest levels on M5 a.k.a the flaglines - GO GO GO!!

(TRADE 4)
Today my first tradde was a totally valid Lobot trade. A 3-c pullback. It first went in profit and i started to trail 10 ema. As it went down i was feeling a little fear but i stayed calm and did as my plain sais. Put SL under the candle that closed below 10 ema and got out with a small rent.

(TRADE 5)
A couple of candle later it was another valid Kc setup. Po in and triggered. It went sideways or a while (Felt like FOREVER) But i stayed in
I waited for close on 10 ema or 5 candles. I got out with 10 ema trail.

Summary of the day
 Good discipline. my entries and exits were completely as planned. All good.

Friday trades 4 and 5.png

Week 13 Review
Overall a s**t week. The market wasnt moving during london open the first 4 days of the week. Thursdays trade was  . In the middle of everything. FOMO Thursday. I changed these trades to 0 in setup score.

Besides that i have been very disciplined with not taking trades. 
I can sit here and write that i have made a very bad misstake and clas down on myself.
That is not what i am going to do! 
I look at it this way. 
I learned that i need to be even more on guard when it comes to losing objectivity.
And if this was a couple of months ago i would have probably be down more than a half procent after a week like this.

Good job Emma. I am progressing a little every day. It goes two steps forward and one step back but the most important thing is that I stay on the right path.
 

Friday and the whole week 13.png

 
 
 

[eaxh]

D1 Trending up. Marking Fridays close and ATH
H1 Down. Opened with a Gap this week, not filled yet
M5 Down

No news at all ( red and orange ones)

If it goes down and sets up = Go! 
If it goes up and sets up = Wait for the premarket range to be cleared then go!

The first candles try to go down but there are buyers that tries to take over immediatley.

Arrow 1= Filtered, waaay to deep pullback
Arrow 2= Po below. Cancelled when price shoots up.
Gap gets filled
Arrow 3= Filtered Climatic move before the pullback. Could have been okey if it did a ABC pullback towards the 20 ema but still a climatic move before it.
Arrow 4= Alot to the left and right into premarket area so filtered.

No trades today.

I'm very happy with the way I handled myself today.

Måndag 2021-08-16 110012 inga trades.png

 
 

[eaxh]

 No relevant news for DAX in the morning.D1 Up
H1 No confirmed trend so sideways 115 pips
M5 Down Down from FOIf going down, i want it to clear the YD lows before entering the marketIf going up, i have room to the range highs (Overnight and YD high) But against the trend on M5. At the same time there is probably buyers at the range low on H1 so i fits goes up  its okey too.
If entry is to be made above FOBroke the lower level and poke (1) is fulfilled. Now wait for an entry     1.       10:08 2-C Pullback S Moving Sl with 20 ema, trailing 10 ema for exit. Reacts to the H1 Zone. 
                                   Sl to BE when Entry is in line with the midline. Feeeling calm.
                                   Having trouble at the H1 zone which is what i thought.
                                   Out BE
 DS1 SS7 – Should have been a 10 if H1 was trending down instead of ”just broke the range. And a level was near.Thought= I cound have set a hard at The level i drawed on H1. But at the same time i dont want to set hard targets.  Arrow 1= Because of the rejection from a major level i dont count this as possible setup to take.
Experienced some fomo and placed a PO but deleted it ASAP. Phew!The price is moving up and are now inside Premarket area and the Change of trend is still not confirmed on M5 so i´ll wait. Arrow 2= Inside premarket and no trend on M5Arrow 3= Bounced against the FO Waiting for M1 to break of the range (35 pips) Did not do that during my trading session. 

Overall 10/10 on my performance today.

Tisdag trade 1.png