Emma´s T20 Journal

[eaxh]

Hi Emma - Great trades as usual!  
 
I have a question - Do you add a buffer to the pending order on EU or is the order placed at exactly the low of the previous candle. For example your trade on EU today looks like it was taken at the low of the previous candle, not the low minus 1 pip? It also looks like the SL is at the exact high of the previous candle. 

Just curious!

 

 

Thanks Darren

Yes you are seeing it correct. I have it set at spreadX2 as buffer, but i dont have any or very low spread on forex, so the orders ar sometimes set very close or at the candle.


 

[eaxh]

FORECAST AND PREP
 NEWS Some USD Red news event all day.

 D1 UP
 H1 Range. Has expand
 M5 Inner range
 In this condition our edge is not the best. I would like to see the range to be broken.

 120 pips range so tradeble, but not the bestlooking scenario.

  Feelings. Headache…..

 THOUGHTS AND TRADES


 Nothing on dags at all.
I tried a long in the beginning of the session. It was risky so placed sl to BE before 1 R. It became BE. 

Friday LO Trade 15.png

 FOREX.The currencies are moving from FO. Lets see how the first candle close.I have my eyes on UJ for a short position on M5.
FX was no trade.

[Darren]

Hi Emma - Great trades as usual!  
 
I have a question - Do you add a buffer to the pending order on EU or is the order placed at exactly the low of the previous candle. For example your trade on EU today looks like it was taken at the low of the previous candle, not the low minus 1 pip? It also looks like the SL is at the exact high of the previous candle. 

Just curious!

 


 

Thanks Darren

Yes you are seeing it correct. I have it set at spreadX2 as buffer, but i dont have any or very low spread on forex, so the orders ar sometimes set very close or at the candle.


 

 

Ok - makes sense! I wish my spread was that small!!! 
 

[immy]

Hi Emma - Great trades as usual!  
 
I have a question - Do you add a buffer to the pending order on EU or is the order placed at exactly the low of the previous candle. For example your trade on EU today looks like it was taken at the low of the previous candle, not the low minus 1 pip? It also looks like the SL is at the exact high of the previous candle. 

Just curious!

 



 

Thanks Darren

Yes you are seeing it correct. I have it set at spreadX2 as buffer, but i dont have any or very low spread on forex, so the orders ar sometimes set very close or at the candle.


 


 

Ok - makes sense! I wish my spread was that small!!! 
 

 

Pepperstone Razor account is also below 1 pip spread. 
 

[eaxh]

So this week i had one day when i was very undisciplined.....
One disciplined trade is okey, that happens. But the fact that i continued to trade that day even though i had taken a Ds0 is not okey.
In that situatuon i have to leave the screen. 
So Ds0 to me for not following my rules in these Ds0 situations.

Overall i have done fantastic!
Profit and Ds score is good. Winrate a bit low but the outcome of each trade is random so its okey.

I am becoming better and better on when i should not trade and when i should. Thats is an ongoing process that i always have to work with.
I am working on Drawing ranges and keep my fingers away when price is in it. 

I am looking forward to next week

RESULTS.png

 

[eaxh]

FORECAST AND PREP
  NEWS nothing relevant
 D1 UP
 H1 Range
 M5 Range
 From FO Neutral
  THOUGHTS AND TRADES
 No trades on DAX.
 Stayed inside the range all morning,.

 

Mnday LO No trads.png

 Nothing during the afternoon session.

I followed my rules and did not trade when my edge did not exist.
 

Monday NEO no trades.png

 FOREX
 Nothing during the morning session.

 In the afternoon EU broke the range to the downside. I am watching on M5 for a possible short trade.
 Did not happen during my tradingtime

Checked the charts and saw that Nas has broken out of an M1 range in an overall  bearish market (H1)
So placed a PO below the signal.
Ds1. Rent 
I am not superconfident about it.... 

Monday Trade 1 NAS.png

 


 
 
 

[eaxh]

FORECAST AND PREP
 NEWS Red USD new at 14:30
 D1 UP
 H1 UP               
 M5 UP
 From FO UP
 Dax has now broken out of its range o the upside.

Everythings up.
 THOUGHTS AND TRADES

 Dax have a break and retest situatuon after the open but it failes so i am waiting. 

Tuesday LO.png

  FOREX
 TRADE 2
 Gu is about to go up. Lets see how the first candle closes.
I monitor GU After the first trend candlde close. I have a break and retest of the previous peak and a 3.
So i place an order and gets triggered.

I am feeling nervous. I am feeling the pressure from the challenge. But i also know that this one has a randon outcome.
I am a bit tired today so its harder to stay in a calm state of mind.
 This was a tricky situation for me.

I saw it as a new wave after a bit sideways (not alot but the EMAS was sideways) and that this was a valid one.
But Immy showed how he saw it.

He saw it as a channel and i agree when i looked at it again.
So i took the third pullback in a channel and that is not my setup so i will change this to a Ds0.

Tuesday Trade 2 GU M5.png

 

Tuesday Trade 2 GU H1.png

  NEO.  TRADE 3
 I saw this break and pullback on Us30 and it hit 2 R.

Tuesday Trade 3.png

 
No trades on Nas
 

Tuesday NEO NAS.png

 

 After that i decided to take the rest of the day off.

 

[eaxh]

FORECAST AND PREP
 NEWS nothing relevant…
 D1 UP
 H1 UP
 M5 no trend at the moment, but not a defined range either.

  THOUGHTS AND TRADES

 No Trades during Dax. Way to low volume for me to trade M1.
Maybe its time to change to H1/M5 method on dax as well… Its just a waste of time to sit through these sh***y mornings. I rather focus on FX and if for example Gu mover good i can drop down and catch some momentum trades there..
Something to think about.
Could be that dax is back one day and then i can go back to trade it like i used to before the summer and DAX40 arrived

Wednesday DAX no trades.png

 
  NEO

 I failed. I rented once. Bad descision to trade…
And then i failed twice. Clean move on DOW but climatic. So a Ds0 on that one.Its feeling like i am never going to hit phase 2 target.
 

Wednesday Trade 4.png

 

Wednesday Trade 5.png

 


Today i am dissapointed with myself.

[eaxh]

FORECAST AND PREP
 NEWS Nothing relevant /Nothing RED
 D1 Up, Marking YD high and low
 H1 Range

 M5 Up inside a wide range
 Spread lliks HUGE as usual these days.

 THOUGHTS AND TRADES


Nothing on dax 
   FX

 GU is Bullish. Lets see if a TC prints and then i am digging deeper on M5 for a setup Long.


 In the afternoon i see that UJ has broken the range on H1. I drop down to M5 and monitor it. It does a retest and prints a 4.
I go in with a PO and it gets triggered right away.
Now what i can do is just to wait.
 

Thursday Trade 6 UJ M5.png

 

Thursday Trade 6 UJ H1.png

  NEO!.
 Place a trade on Usd30 short and i am SO DAMN SCARED.
 I am feeling a massive fear of losing money
 It was a winner.
 

Trade 7.png

 And then M5 was stretched so i went long on M1.
Was a looser.

Not completely superawesome….

Thursday Trade 8.png

 


 So i 3% day. GREAT
 

[eaxh]

RESULTAT.png

 
This week have been stressful... VERY stressful.
I  had 2,5% left on my challenge and thats a week profits so i had in my mind that i should be able to pass this week. 
And then i started the week with losers, i traded a bit bad with 2 Ds0 trades and my confident was in the bottom.
At that point my probability mindset did not exist. I was just so afraid of having more losers. 
The ironic in this is that i had 45 days left on my challenge.... 

What i did is that i continued to trade, i followed my rules and made a DS score of 78% which is according to plan. 

And i can now say that my probibalistic mindset is mostly back. 
I now "know" more accurate how the statistics will play out if i just do what i have done these past year and a half. 
I have grown SO MUCH during this challenge. 

AND I MADE IT! 

NOW the fun begins.