Emma´s T20 Journal

[eaxh]

I have traded into purple on the M5. Not just once.

Have also had quite a few entries that are on candles that do not even have a signal.
Often just waiting for a break on the candle so that I end up in the next impulse.
Have also had entries on confirmation candles without a real impulse before, just a slow move.

I have to ask myself the question - Can I trade into the purple on M5? NO Not when it comes to S1 on M1.

Is the price against purple so the trend on M5 is not confirmed?
On the other hand, I can use the movement towards purple in the form of taking huntsignals on M1, but then again i should not jump in too early, instead wait until a real impulse.
At the same time, I think that if the M5 goes towards purple, it is wave 4 that I trade in and it is not recommended.
I dont want to trade inside wave 4. why should i?
I mean... LOBOT it LOBOT. for about 15 minuites. 
After that I should only take signals inside Wave 3 and wave 5 of M1 AND M5. 
That is the place were i will have the most probability to succeed.

The ironic in this is that that was what i did in the beginning of this year, which also were the best months i have had.... 
I have tweaked my rules to be able to trade in more situations. That has only hurt me..


I feel like I do not have enough meat on my legs to trade against  M5. Probably a factor as to why they're doing so poorly.
I do not really know how to put it in my plan so that it will be easy to judge.

On H1 I have also added purple and it will make it a lot easier!
Then I see clearly if it is okay to trade. Also sees if the market is in a range and should not be traded or if it is a trend and is okey to take hunt signals.

I feel disappointed in myself.
At the same time I'm glad I did not get lucky these weeks with gains because then I would not have noticed my erroneous behavior.

Just feels harder right now.
I take ONE trade at a time and strive to get as many ds1 as possible. These are the ones that matters.

DONT CARE ABOUT THE PERCENTAGE !! it will sort it out itself automatically.
 

[immy]

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
 
 

 

My thoughts are that the NASDAQ trade was a GOOD GOOD signal... but it  was a bit spiky today .... and you paid a rent. Nothing wrong with that... but you also trade US30. Don't do that. I would suggest, just STICK to one. What I do is that I am mentally prepare to choose one. Sometimes I end up trading both but mostly I would go for the smoother one and in most cases that is nasdaq. US30 is WAY TOO spiky.  It needs 50 Stop loss. 

The US30 trade was NOT good. It was near previous lows. and US30 was NOT clearly moving at that time. We have to be careful at US open. In most cases its actually better to trade after the first 15 minutes for NEOBOT which is the opposite of DAX30 (soon to be DAX40). 

Meanwhile enjoy yourself and have a great weekend 

ps: the trading of the open is a unique skill. 
 

[eaxh]

Monday 2021-09-20

FORECAST AND PREP

NEWS Red cad news all day long.

D1 Down
H1 Strongly down
M5 Down
From FO down

If it goes up Use the high and lows to validate an entry
If it goes down hmmm… H1 is a little stretched

THOUGHTS AND TRADES

TRADE 1 I waited for my signal. A good sell banana. +1,6%. Day on daX is done.
I had a small hesitation about the strong candle before it, but everything else was correct so took it anyway.

Today DaX has been slow and steadily… can it be because of the new 10 stocks in the index.

I am happy that i took the signal.
 

Skärmbild 2021-09-20 092706 Monday trade 1 DAX.png

 

Skärmbild 2021-09-20 104605 hits a Zone.png

 
 

[eaxh]

FORECAST AND PREP

NEWS Red AUD news all day

D1 Range
H1 Up
M5 Up

From FO UpI

f it goes up GO
If it goes down BE aware of the low to the left. MAJOR LEVEL ON D1

Pay only a 15 % on D1 levels.

THOUGHTS AND TRADES

Dax opened to the upside and was pulling back, but the pullback did not end anywhere so no trade there.

First M5 candle bearish so i´ll wait.
There is an impulsmove on M1 that broke the range high and closed above it.

Pause from trading – Meeting. 

NEO
Marked important levels from H1.
They look very similar today before the open.

TRADE 2
Did not trade untill it went below the recent low, made a 2 legged pullback with a impulse and pause.
Got in below the pause. A perfect trade.
 

Skärmbild 2021-09-21 163003 Tuesday Trade 2.png

 
 

[eaxh]

FORECAST AND PREP

NEWS FOMC at 20:00

D1 SidewaysH
1 UP
M5 Up

From FO UP

If it goes up – M5 a it stretched and far up, but LO often givs another push so i am in if it sets up on M1 to the upside
If it goes down , We have the major level on D1. So be a little aware of that.

THOUGHTS AND TRADES
No trades during My short LO session. Had to go to a meeting. 


NEO
Both us30 and nasdaq is in a range on H1. Range marked.
M5 is also in a range so want them broken before entering.
FOMC today so i dont expect much.

Missed 2 signals… or i did not actually. I filtered them as i had a range marked on M5.


Took one that i would even look at in backtesting.
 

Skärmbild 2021-09-22 163728 Wednesday Trade 3.png

Skärmbild 2021-09-22 160543.png

 

Skärmbild 2021-09-22 163236 why did i take the UGLY one.png

 
I am very confused!
I looked at M5 as well when this happened. (See the ones below)

I did not take these as i saw it as M5 was in a range on both Nasdaq and Us30.
Immy pointed out that he did not look at M5 for these ones. When i had contextproblem i would definetley have taken these ones. 
But now when i look at M5 more i filter signals as these.

When looking on M! just on market structure these are phenomenal trades. 
 

Skärmbild 2021-09-22 163854 It was still in a range.png

 
 

Skärmbild 2021-09-22 162446 trade in here.png

 
 Need to stop this..
I try to make it right but its keep getting worse.
And the H1 thing confuse me, even though its EXACTLY the same setups. 
hm... 
This is so typical me. I do it 200% or 0%.
I have to take a step back and take it slow.

I am going to continue with Dax as usual in the morning. And i want to trade the Us open as well. 
As Immy said as well today is that i need to make a desicion. Do i trade the market structure on M1 or do i want both M1 and M5 to be in line. 

I an thinking like this. 
When i trade H1 hunt i only look at H1 and pay only little attention when H1 is in a range. 
As trading hunt on M1 i am lokking at EVERYTING. Levels, multiple timeframes etc. And that make me confused. 
I know that i cant really compare the power of a setup on H1 to a setup on M1, but if i am going to do it easy and simplify it for myself i have to go with market structure. 

I also have to narrow my lH1 list down to 4 pairs. I have to start SLOW!!
I am also lowering my size on H1 trades to 0,25% for now. 

Feeling alot of frustation right now.

   
 
 
 
 

[eaxh]

Checked in when at the news to try to get something out of the volatility that often follows.

Skärmbild 2021-09-22 201653 trade 4 .png

 a goos 1.2% winner

[immy]

Checked in when at the news to try to get something out of the volatility that often follows.Skärmbild 2021-09-22 201653 trade 4 .png
 a goos 1.2% winner

 

PURRRRRRRRRRRFRECT.... 
 
 
 
 
 
 
 
 
 
 
 
 

[eaxh]

FORECAST AND PREP

NEWS 09:30 german Red news! WATCH OUT

D1 Range 1000 pips
H1 Up
M5 Up
From FO Strongly Up

If it goes up Go, but respect the market phases.
If it goes down Same here..

THOUGHTS AND TRADES
Pre market is a complete 1-5 wave.
The open is to the downside but not drastically moving.

I am marking all the impulsmoves. Then filtering or taking them.
Making notes as well.

1: Signal candle to big.
2: did not break the high to the left with enough power.

3: TRADE 5 DS1 rented. Not putting to much thought into it. I am reviewing at the end of the week.

4: TRADE 6 Ds1 S1 long. Concern. Little far up on M5. (CHANGED IT TO A DS0)
Goes into a trading range immidiatley… The MA´s were touching when i took the setup.
Arrow: Proper S1 Long. I went in to early. (Wishful thinking). It was not a good setup. 
Got out BE.

BAD TRADING

FOMO FOMO FOMO!!!!!

Notice that my emotions behave like my equity curve 

Currently in a trading range.

Time for lunch

  I did not trade good this morning.
I was EXTREMLY disciplined and patience in the beginning of the session, but then fomo took over.
The good thing is that i became aware of it and got out of that mental state.

Skärmbild 2021-09-23 104405 Thursday Trade 5 and 6.png

 
 

[eaxh]

Checked in when at the news to try to get something out of the volatility that often follows.Skärmbild 2021-09-22 201653 trade 4 .png
 a goos 1.2% winner


 

PURRRRRRRRRRRFRECT.... 
 
 
 
 
 
 
 
 
 
 
 
 

 

 Thanks Immy!
 

[eaxh]

TRADE 7
Thoughts- Is it to early to enter a trade to the downside?
I traded against the purple and did not even consider it in my descicionmaking.I feel like a Walking Catastrophe.

 

Skärmbild 2021-09-23 105859 Trade 7.png