Emma´s T20 Journal

[immy]

FORECAST AND PREP
 NEWS Nothing relevant
 D1 Up within a wide range    
 H1 Range in an overall uptrend (S1)
 M5 Up.
 THOUGHTS AND TRADES
 If it sets up at LO i will take it. Did not happen.
 09.12.2021_19.23.00_REC Lo session.png
 I missed a winning setup to the downside on Nas M15. I am feeling it.
 FX. (FX account)I placed a sh*t trade on UJ…. Did not pay attention before LO but it made another pullback and set up.
Its the second pullback so its okey. But not really the setup i am after…
Its a sideways market.


I am dissapointed… I forgot. Had TC- tunnelvision…
 GU is moving outside the range. Still has a level to the left. Lets see how the candle closes.
No TC.

 EU had a TC after a slow market on H1. I dropped down to M5 and saw a signal and jumped in. It became a riskfree trade and i entered a second trade as well. Both hit 2R.Trade 5 and 6.png
 


NEO
No trade... inside the same range as all day so nothing to trade at the open.

 
 

 

The EU trades is one of THE BEST trades you've taken. Bravo.. .well done 

[eaxh]

FORECAST AND PREP
 NEWS Nothing relevant
 D1 Up within a wide range    
 H1 Range in an overall uptrend (S1)
 M5 Up.
 THOUGHTS AND TRADES
 If it sets up at LO i will take it. Did not happen.
 09.12.2021_19.23.00_REC Lo session.png
 I missed a winning setup to the downside on Nas M15. I am feeling it.
 FX. (FX account)I placed a sh*t trade on UJ…. Did not pay attention before LO but it made another pullback and set up.
Its the second pullback so its okey. But not really the setup i am after…
Its a sideways market.


I am dissapointed… I forgot. Had TC- tunnelvision…
 GU is moving outside the range. Still has a level to the left. Lets see how the candle closes.
No TC.

 EU had a TC after a slow market on H1. I dropped down to M5 and saw a signal and jumped in. It became a riskfree trade and i entered a second trade as well. Both hit 2R.Trade 5 and 6.png
 


NEO
No trade... inside the same range as all day so nothing to trade at the open.

 
 


 

The EU trades is one of THE BEST trades you've taken. Bravo.. .well done 

 

Thank you
It was my first succesful doubletrade!

[eaxh]

FORECAST AND PREP
 NEWS GBP news later tonight. Nothing during the day to be aware of.
 NAS, DOW, DAX'
 D1, Range, Range, range
 H1 Range, Up, Up ( Breaks the bull channel)
 M5 Tilted range, Tilted range, Down

No trade in the morning.  FX
The major pairs are stuck in a sideways mess. 
There are space between levels to trade, but not the most beneficial.
 Placed a FOMO trade on EU M15 sell. I am embarrassed 
 
Was DS0Major miss.
NEXT

  NEO.
 All the indices moved before the opeen. It moved even more after the open but did so without signals.
 I was disciplined and did not trade.

[tombacon89]

Hey Emma. I read through your journal this weekend thankyou for been so honest throughout. It has been interesting to see you develop, especially going through your setup one stuff in the early days has helped me. Keep going

[eaxh]

Have to write this down so I don't forget it.

Today i was confused. I did not really know what was up and what was down. 
i realised when I read through my day that I have been sloppy when defining the market cycles. I have writing stuff as up,down and sideways when i supposed to write breakoutphase, channel and if its tight or Wide, steep etc.. 

I got to do it right.
Like today. I write in the forecast in the fx section  that all pairs that u am Watching was in a messy sideways range. And that was true... but that's not the correct label on it. 
and I did not decided levels that had to be broken.
and that lead inte trading a wrong setup.
feeling it still.

Have to work on doing things in the proper way.

 
 

[eaxh]

Hey Emma. I read through your journal this weekend thankyou for been so honest throughout. It has been interesting to see you develop, especially going through your setup one stuff in the early days has helped me. Keep going

 

Hi Tom!
Thank you for your kind words and if feels good to be able to help. 
Just keep working  

[eaxh]

Today 
 

NEWS 14:30 red usd news

 Market cycle. Check HH,LL,LH,HL.

NAS, DOW, DAX

D1 Range undefined | Wide range |Wide range
 H1 tight range | tight range | Tight range (could be breaking out now, not confirmed)
 M5 tight bull Channel  | normal bull channel |  Normal bull channel
  THOUGHTS AND TRADES
 Nas had a TC to the downside.

I went down to M5 and waited for a pullback with a signal.

It happened and rented.

Was a shallow pullback compare to the move down but its a signal in a moving market so i placed a PO.

It made a 2 legged pullnback and i have a po on that one as well.
 Trade on nas is triggered and sl is brought to BE rather quick.

I took the trade on Dow as well.

There is a level to the left on that one, but it is a break and retest of the tight H1 range so i decided to go for it.

I placed 0,25% on each so same risk in total as i should.
 Nas trade ended BE and dow was a rent. -0,25%.
 So at the moment the main account is down -0,75 for the day.

 I see a signal on M15 on Nas.
A 2 legged pullback and i am selling it. Its a good pullback in a moving market.

In my head there is an internal fight. I know its a signal its not that. I just think i might be desperate to trade M15 when the M5 did not work?.
This might not be the way to use M15…
Anyway.. its a signal and i am in it.BUT ITS A DS0. I go to M15 if M5 is pulling back too much. Not when i rented on M5 before….
 I feel like everything is so damn fragile. With that said i am taking a break The Nas trade on M15 rented.

Trade 14, 15 and 16 M5 .png

 
 

Trade 14, 15 and 16.png

 

Trade 17.png

 Review of the morning

What went wrong?I didn´t follow the rules. It was an undisciplined morning.
I don teven want to post this because i am embarrassed and feeling so guilty and bad…. 
I am in such a bad streak.
I can´t decribe in words the anxiety i have. 

What can do for not doing so again.
1. Be kind to myself and just admit to myself that is okey to be out of focus and its okey to just take one trade, if its a loser and i am not feeling good about it, dont continue to trade.

I am taking the rest of the day of. 

-1,25% today 

 
 
 

[eaxh]

I did what i usually do

 I just go all in or nothing. 
I decided to only trade Dax on M5. its not bad, absolutley not. But i became laserfocus on finding trendcandles on H1 so i can jump down to M5. 
and i forgot everything else.

I have this issue overall in life and i tend to just go for the things that feels good and not really plan things. It usually works out anyway, but trading is different. I need to just do what i have always done.

One problem during my journey has been not being able to tell if i should trade M1 or not. Is the volatility there? is it good enough for it. 
My focus was most on M1, when it should have been on M5. 
So i thought that HEY, if i am only on M5 then i dont have that problem anymore instead of be 100% sure of when to be on M1 and when i shoudnt. 
I have failed.



I lowered mg size to be able to trade better and have less pressure on myself. And i did also limited myself to M5. Was that good? 
From the beginning of Dec untill today I have  been SO CONFUSED!!!! I am a mess. 
i need to go back to what i been doing and what made me profitable and successfull. 
Immy reminded me todayabout it and also asked me about me being on M5 and i was like... yes i love M5. And i do and i am keeping it as my main timeframe, but for indices i have to have the option to go down to M1. 

I can not treat Indices and FX the same because they are not the same. 
I tried to simplify it to the point that i dont have a clue what i am doing. 

This confusion is eating me up from inside and out.

I like the lower size, i Love FX on H1 and M5, but for indices that should be an option if M1 is to slow, not the other way around. 
Why miss all the juicy setups on M1 when price is just flying och tanking and then M5 is too stretched to trade... i dont see the logic in that.

Anyway,.. I have changed a bit.. 
I am allowed to drop down to M1 in there is a M5 trendcandle. ON indices only of course. 

I have the plan attached. Its swenglish but i am uploading it to have it in here.


 

GAMEPLAN.docx

 I can´t express the level of blaha that is inside of me at this point. 
I will be back with total focus i am sure. I always have AHA moments after this kind of despair i am in right now. 
An FYI it happens about 2-3 times a month.... 
I am so sick with myself sometimes.
 

 
 

[Darren]

Thanks for being so honest Emma - I have gone through a lot of the same feelings as you as I am sure a lot of people reading your journal have as well!

Your trade plan is much the same as mine at the moment so we should be taking similar trades when I actually find the time to trade! 
 
 

[eaxh]

FORECAST AND PREP
 NEWS 14:30 Red US news and FOMC at 20:00
 D1 Range | Wide range | Wide range
 H1 Tight range | Range |Parallell bear channel
 M5 Range |Wide range| BO to the upside
 Have a major level below and a minor above.

 THOUGHTS AND TRADES
  FX

EU- Bullchannel after a bear BO. Could see shorts coming later in the day.

GU – Wide range. Not touching it untill broken

UJ- Wide range

AU-RANGE ( JUST H1)
 Not trading FX on H1 today as it is fomc day.
 Gu made a TC that closed outside the range.


 Gu dropped from the range high. I will watch it when it closes. Went below a level and closed below it. So checking M5.
A 3 is printed and i am taking it. PO is in. Its cancelled. Waiting for the next candle. Its a BOB and the pullback is not available right now.
Could form a 2 legged one. Lets see.

Missed it 

15.12.2021_16.39.00_REC.png

 


EU is TC but 3rd pullbac on M5 so no.




  DAX

 First M5 candle is not a TC. I am on M5 untill i see a TC.There is a setup on M1 but because of lack of TC on M5 i am not in it.
Channel.
Channel is broken, but towards the openline and inside a range now.. so I am not interested in dropping down to M1.
Low volume on dax today.
Nothing on dax in the morning.
I will check every hour for a TC on the indices.
Nothing during the day.
 

15.12.2021_15.23.47_REC.png

  NEO
 Nothing exiting happened when the news came out.
fomc tonight thoughDow went dont to a level to the left with no pause to get in.In the next push dow makes it below that level on h1. Its a little too long push on M1. So waiting for a pause on M5.
Flicking back and forth to M1 and thinking… maybe its not too late etc…
Prints a 1, but its too late now.

15.12.2021_15.48.24_REC.png

 
Moving to M5 to see if i can wait through the pullback and get something in the next possible push.
A setup is probably coming on M5.
too big bar so no signal… now
I am waiting.
It has went below a level to the left and is now retesting it. If it is a signal i will get in. If its not i wait for a push and then zoom in on M1 maybe.
I have a signal and PO is in. And its closed by ATM.


 Trade 19
 Next candle is a confirmationcandle with a 3 printed on it. The setup itselt is a little iffy. Not the cleanest looking pullback,  but the context is perfect.  Break and a retest. So i weighted the context higher than the look of the pullback.
I have the feeling ists a rent. I have rented so much that i get very suprised i fits a winner…
I have taken it so i can just wait now.
Its stuck in a sideways mess now. Nas is going up and they usually dow usually does the same.
RENT

Trade 19.png

 


I hade that i am so emotionell engaged in every trade. Its not healthy.


 Nas is rubbish atm.
Nas brokes out of the range to the downside. I drop down to M1 after a TC on M5
Has a 1 sifnal but not reeally keen on taking it and the bar after is a huge bullish OB.Not interested. Back on M5.


 Trade 18Nas M5 have a filled 1. I placed a PO and it gets triggered. I have nervs. I feel it.
Ds1.
Its a rent. NEXTI have one more trade

Trade 18.png

  Today it haas been feeling better. I think i have found the balance i needed. I cant do just on M1 or just on M5 on indices. It demands us traders to be flexible.

 I think i did good today. I took valid signals and i was objective. 
Feels like everything i touch is getting rented. 
 

Question to Immy
one thing i am thinking about though. Is what i did today is risking double as they often move the same? 
Or is it good to do this? I did not risked it at the same time.