Emma´s T20 Journal

[eaxh]

FORECAST AND PREP

NEWS 14:15 ADP US RED NEWS

D1 Down, but at a support
H1 Range
M5 66 pips range

From FO neutral

When it moves – NEED to go outside the m5 range. Its too small for trading inside it.


 THOUGHTS AND TRADES

The first candle makes a strong push down to test the range low. First candle closes inside it., the next push through.We now have a breakout. Not as strong candles as i normally want it to be, but in fact that it has broken the overnight range, i will go for it if a signal appears. Did not happen. 

AT 10:03. A one candle pullback retest on the former range low. Not my setup though.

I am so focused on the trading skill.
A big improvement!

DaX goes into a tight bear channel and then having trouble to break 14990 area. Will probably go into a trading range.

Made a wierd pullback that i did not take. Then it broke out to the downside and made a 2 legged pullback.

TRADE 3 I first went short at a not signal. Saw it as one. RENT

TRADE 4 Then i saw a seed and i re-entered. 2 R.

At 10:44 Immy takes a trade. I dont have the signal on my feed. I am getting fomo and i want to trade immediatley.
I am aware of the fomo but i will just let it be. The feeling can be there but i am not identify myself with it.
I am a disciplined trader. 

Then it was time for M5 to pullback and when that happens there is usually no business for me.

Wednesday 2021-10-06 Trade 3 and 4.png

 
 

[immy]

This last post has one of the most powerful comments. If anyone reads this, please let me know if you understand what I mean!

[eaxh]

Placed another trade. 

am feeling very bad...
If it was a winner i would be happy.. FOMO is real. I am walking away now.

Wednesday trade 5.png

 

Wednesday trade 5..png

 
 

[eaxh]

FORECAST AND PREP
 NEWS NO relevant red news. 14:30 Us orange news
 D1 Down
 H1 Possible range is forming
 M5 Up at the moment
 From FO
 THOUGHTS AND TRADES

 Today the market is inside a  range…….


So i am waiting

 

tHURSDAY NO TRADES.png

 
Waited and waited and waited.... Good job Emma!!!!

[eaxh]

Us30 is flying..
 Nas is going up. Reacts tp a level and make a very clean setup. I have a PO.

Us30´s going up as well. Not as clean at nas so i take the trade on nas. Concern is the level to the left on M5. Its a calculated risk. I am accepting the risk to find out.
 Took a trade on us30 as well.. my sl it hit and i have one trade left . have a hard time being confident about this setup. Was it a ds0. Its a grey zone trade…..
Immy clarified- It was in a tradingrange and no signal - DS0 (THANK YOU)


 Us30 is creating a setup with a seed. I feel fear of loosing money. I am taking my setup.
Feels good that immy took the same one. The seed disappeard.... 
 

Thursday Trade 5 adn 6 NEO.png

 

Thursday trade 7 and 8.png

 
I am learning every day. I know what to look for, but sometime i get lost. I am very thankful for all support that Immy gives me. 
AIMS ROCK!!!!
 

 

[immy]

Overall great trading Emma.

You got two rents two winners. That's 2% isn't it?

And I should have taken trade 8 as well. It was a 7. Not bad
 

[eaxh]

Overall great trading Emma.

You got two rents two winners. That's 2% isn't it?

And I should have taken trade 8 as well. It was a 7. Not bad
 

 

Thanks Immy!
You know your math.... thats 2% 

I felt that too. I am progressing and trading less and less scared.
Its a good feeling.
 

[eaxh]

Friday 2021-10-08

FORECAST AND PREP

NEWS NFP ats 14:30

D1 Down
H1 Up, could be entering a range
M5 65 pips range.

From FO slightly up.

THOUGHTS AND TRADES

Dags openes to the upside. Low volatility. Spread looks huge.

I am not doing anything untill the M5 range is broken.A

t 10:05 there is a gooooood setup (aesthically) but not the best context. M5 is in a range and its NFP day so i am waiting for a clear direction from M5.

If its breaks the range i am in ona setup ASAP.Price stays inside that range the whole session… No FX trading today as it is NFP day
 

08.10.2021_11.08.00_REC.png

 
 

[eaxh]

Resultat vecka 21.png

 this week i have had overall good performance.

I still have to work on taking signals, and only signals.

I also have to monitor myself better so i dont get lured into taking trades inside the ranges. 

Overall i just have to continue to do what i do and i will a little better at the skill every week.
 

[eaxh]

NEWS no news Us bank holiday

D1 down
H1 range
M5 down
From FO Down.

Respect the phases and dont trade when 1 is in a range or M5 in a tight range (THE SAME) 

THOUGHTS AND TRADES

Dags opens to the down side and make a good 3 candle pullback with a banana. IT doesnt trigger.

Price shoots up. I am in waitingmode again. 

TRADE 1 Goes up and above the OL with an impulsmove folled by a 2 legged pullback with a seed. PO is in above the seed.
There was onother seed and later a PC candle. I kept the order and got triggered by the next candle. Discretiontrade.Looks like a b trap.RENT
NEXT.

 M5 is looking like its continuing to the downside.

I have 2 impulscandles to the downside. I am now waiting for a pulback.. The move continues. Waited for a 2-legged pullback. Did not have an entry. It went up too long.
Questionmark about this one. I see it as range not confirmed untill the low was rejected, so should this have been a valid one? Its a greyzone for me. Or is it unvalid based on the HH before it broke the downsequense?
I have a concern about this. 
In hindsight i can see that its defenitly a range.

 Now its in a range. I will wait for the high or low to be broken.

It did not happen.
 

The story of today.png