Emma´s T20 Journal

[eaxh]

Today i had time to trade the us open.
I had Nasdaq and Us30 infront of me.

Was checking H1 adn they were not in a range so if it breaks out of its M5 box i assessed that a trade is totally valid.

I waited for nasdaq. The move down was a little too impulsive, but it pulled back all the way to the moving average so i tried it. And that one was 2 R.
When i was in the trade and had moved the sl to BE i saw a setup long on Us30. 
M5 had a trendcandle that closed above the m5 box so i saw it as valid. Was rent.

Skärmbild 2021-09-13 160807 monday trade 3 NEO.png

 

Skärmbild 2021-09-13 160950 monday trade 4 NEO.png

 
positive result today. My losingstreak is over

[immy]

mostly stay away from US30 if you find NAS moving. NAS is smoother, kinder ... US30 is RODEO... literally... imho

ps: having said that, sometimes you can catch some HUGE monster winners on US30. but as discussed, one can't do both. You either have to choose to make 2R per trade or you have to keep the profits open and look for letting them run. With taht comes, low win rate but higher risk reward ratio. Its a choice one has to make but from my 10 years of experience I can say with authority. letting trades run on m1 is NOT suitable for any time of trader. Its' hard. Best is to go with 2R and keep a nice 1:2 risk reward ... your win rate will stay above 60% and you'll have more fun...

pps: the ps was longer than the reply lol

[eaxh]

mostly stay away from US30 if you find NAS moving. NAS is smoother, kinder ... US30 is RODEO... literally... imho

ps: having said that, sometimes you can catch some HUGE monster winners on US30. but as discussed, one can't do both. You either have to choose to make 2R per trade or you have to keep the profits open and look for letting them run. With taht comes, low win rate but higher risk reward ratio. Its a choice one has to make but from my 10 years of experience I can say with authority. letting trades run on m1 is NOT suitable for any time of trader. Its' hard. Best is to go with 2R and keep a nice 1:2 risk reward ... your win rate will stay above 60% and you'll have more fun...

pps: the ps was longer than the reply lol

 

Thank you for your wise words. I totally get and agree with what you are saying. 

[eaxh]

FORECAST AND PREP

NEWS red us news at 14:30
D1 down( previous candles) Overall ALOT to the left
H1 Rnge
M5 Bearish breakout phase

Down From FO


THOUGHTS AND TRADES

TRADE 5
DaX opened to the upside and made a perfect banana pullback. My entry was not that great. It slipped. But i did the best og the siduation. I took profits at premarket high. +0,9%. And 2 R so awesome.I took an entry against M5 based on the strong H1 level below it. Which make the context better. Now it is still inside the premarket area so i am waitiing.
 TRADE 6
Breaks out of premarket to the downside and makes a pullback with 2 seeds. PO below them.
Feels great to dont have to intervene.TRADE 7 S1 on m1. Perfect signal and a BE result.

 

Skärmbild 2021-09-13 093854Tuesday dax trades 5 6 7 .png

 TRADE 8 and 9
Same setups, both be.
TRADE 10
Valid and good. Rented right away.TRADE 11 Nasdaq short. I am feeling nervous….
This is a Ds0 Trade. I was unfocused and did not enter on the first signal. I took the boxbreak which is fine but my SL was missplaced. So instead of a winner or BE i had a rent. Need to take notes on this one and not do the same again.
I have my managing for a reason. 

Skärmbild 2021-09-14 Tuesday nas trade 9 and 10 11.png

 
 

[immy]

Ouch! that's all I have to say, I know the rest of the story... we did it together... we did it to ourselves lol ... Never mind NEXT....

[eaxh]

FORECAST AND PREP


NEWS Nothing in the morning. Red news CAD at 14:30. Can affect. 15:15 US orange news
D1 No trend so Range
H1 Range (Bullish flag)
M5 Wide trading range.

Down From FO

THOUGHTS AND TRADES

TRADE 12
Po on the open pullback. Rented almost right away.. IT retested FO so i tried it. Ds0
Way to deep adn i entered after a trendcandle to the other side. 

It stays in H1 range the whole first hour… So i am waiting

Trade 13 It went up and retested the box so i entered above it. +2R 

Trade 14 And right after it was another one so i placed a PO and it ended BE.
All good.

Skärmbild 2021-09-15 105429 Wednesday 12 13 14 .png

 

NEO.
Nasdaq. Ds1 

Skärmbild 2021-09-15 154929 Wednesday trade 15.png

 
 
Today i had a fantastic day. I learnt ALOT and i am very exited to trade with this new insight that i gained today thanks to Immy.

 

[eaxh]

FORECAST AND PREP

NEWS EU 14:00
Red US news at 14:30

D1 down
H1 Range
M5 Up

Could be a S1 situation at the open. If so Take it.

Otherwise wait for an impuls.

TRADE 16
At the open PO above the S1. No immidiate reaction to LO. But i have my managing so i´ll just wait and see.
Out BE.

Alot of wicks on M5. Will leave M1 (mentally)
It flew up and left me behind.
I will now wait for a S1.The S1 Showed up so i have a PO above the box. M5 save a seed. VALID
Cancelled the PO as price is going down.

TRADE 17
Placed another PO and was triggered.
Its the second pullback on M5.  Rent

TRADE 18
It breaks out to the upside and makes a seed so i traded it. Was BE.

TRADE 19
It moves to the downside and M5 has a Kc setup to the downside so i plave a po on M1 S1 short.
Gets triggered but no immidiate follow through. Rented. -0,3%Down -0,7% on dags this morning.
I did good. I was disciplined and i waited for confirmations.
 

Skärmbild 2021-09-16 105108 Thursday trade 16 17 18.png

 

Skärmbild 2021-09-16 130447 Thursday Trade 19.png

 
 

[eaxh]

Hmmm…. It was not over there….

I have been thinking and thinking and i find all my trades today at dax valid.
But i still have a Bad feeling inside of me. Probably because i had some losses….
All my trade has had impulses before them and all have been on signals and after a new low or high.

Trade 20
The m5 move down failed and it went up like the M5 was to continue its move from the morning session. I placed a PO when M1 showed a S1 Long. Rented on that one.Then i was away untill the Us news came on.


Trade 21
The news brought daX up and then in a sideways pause with a seed. I entered on it.

Skärmbild 2021-09-16 174927 Thursday trade 20 21.png

 
Feeling nervous. I am losing my confidence…. Secondguessing everything…
Good things always come out of this periods so i´ll try to enjoy it as good as i can.
I feel relieved when the SL it brought to BE. PHEW.
I am rather emotional today.
It was a tough day YD with alot of brainwork when processing alot of new info about trading.
I am glad for that and that will improve my trading overall.
But i am a little tired today. (not complaining, just writing it down)


Trade 22
The icing on the cake..... 

Skärmbild 2021-09-16 154105 Thursday Trade 22 .png

 
I am in a drawdown to this day this month. Total -2,6% and it makes me sick.

I have made it simple for me to not trade against M5. As i did in the previous post.
I have added the purple line  
Now i dont have to think at all 
 
 
 
 

[eaxh]

FORECAST AND PREPNEWS No relevant during my trading session.D1 Sideways (Wedging)H1 SidewaysM5 UpFrom FO – Neutral.If it goes up- GOIf it goes down Wait for the level on M1 to be broken. (Purple zone)New thing to make it more clear.
Dont trade against Purple. Neither on M5 OR M1. PERIOD!THOUGHTS AND TRADESDags is opening to the upside and pulls back, But no entry signal yet.
It could be a 2 legged pullback.
NO it was not.
LOBOT is over and i vill wait.

The price reacts to a  H1 level and goes down.
Retests LO and i place a PO below it.
It starts to go up again so i delete the PO.

daxxx is now a candidate for long sig the box is broken with an impuls. Po closed
 Hits premarket low. If it breaks its a GO.

Price breaks out of premarket range and makes a Setup with a banana. I Place a PO below it.
Goes inte a Box. So PO below the box. Could make it or break it…. We´ll seee. Probably a B-trap.
M5 very wicky on the downside. Its not going up either so i will probably get stuck in a S1 as usual….
RENT
 

Skärmbild 2021-09-17 104947 Friday Trade 23.png

 

Weekly review.

Skärmbild 2021-09-17 105450 resultat.png

 
No bad.... The reason for the losing week is the massive amount of breakevens. 
Just continue. and look for the purple. 

[eaxh]

I did not think that i will have time for NEO today but i made it

I did not have a good end of the week.

Losingstreak here i come....

Skärmbild 2021-09-17 154028 trade on NASDAQ.png

 

Skärmbild 2021-09-17 160312 trade 24 adn 25 NEO trades.png