Emma´s T20 Journal

[eaxh]

I am troubleshooting in my latest 19 trades as i am BE on them.
Not as it are supposed to be.

I see that i have taken trades after climatic moves.

I have 63% Ds scoore and that is why i am failing.

A very bad batch for me.

Why is that happening?

I have been frustrated with the result not being as i want them to be and that triggered my fomo which made me take signals in moves that was already gone (Climatic or too ugly pullback).

The worst thing is that i have seen them as good, or not completely good, but okey. If i look at how the good ones look… i cannot even understand why i have taken these climatic ones…

I have been confused. VERY confused. I have doubted all i have ever learnt.

Why? Because i think i have taken good trades (In the moment of fear) and then i see this result? It does not add up.
But now that i have gone through them again i can see what i did wrong and i know what setups to take.
Its fomo that caused the problem, not the lack of knowledge. MY ds0 trades gives me -2,6%.The batch ended 0. BE.

Edith- 
I now had an aha moment. 
I take ugly setups setgood context and cute setups in the wrong context.
 do again do right

Wrong setups - Dont take these...
 

16.12.2021_09.40.04_REC.png

 

16.12.2021_09.43.40_REC.png

 

16.12.2021_09.45.57_REC.png

 
 

Good setups - Take theese 
 
 

16.12.2021_09.44.00_REC.png

 

16.12.2021_09.44.13_REC.png

 

16.12.2021_09.44.58_REC.png

 

16.12.2021_09.45.21_REC.png

16.12.2021_09.44.35_REC.png

 
 
 
 

[eaxh]

FORECAST AND PREP
 
NEWS 9:30 GERMAN red news, 13:00 GPB NEWS, 13:45 and 14:30 EU news
D1 Range |Wide range|Wide range
H1 BBO |BBO |BBO
M5 BBO| Range |Bullish channel
 
FX

EU Bullish BO( watch M5)

Too ugly on M5.

GU Bullish BO, inside an overall messy range so i will not look into M5.

UJ Range

AU Range

EU M15.png

 

THOUGHTS AND TRADES
First M5 candle on Dax is a bearish trendcandle. Dropping down to M1 to see if there is a pullback coming,

It failes.
I see H1 as strongly going up so the short moves does not really tempt me today.

And YD it had a strong move up after FOMC so it could be a slow day today.

News makes dax go up. I drop down to M1 and wait for a pullback.

Pulls back beyond 10 ema and i am back on M5 now.

Break and pullback signal on M5.
 
Trade 20

Po is in. Accidentally triggered by spread. Does not feel good at all. But my feelings are irrelevant.

Rent.

If i look from a bgger perspective Like from H1 i can see that my trade is a bit high.Still a Ds1 but could have been filtered.

Trade 20.png

 

It goes down and stays in todays range. I am watching it on M5.

Makes a setup on M5 at the bottom of the range. Not taken. Filtered due to range low. 

16.12.2021_10.35.50_REC.png

 

Then a setup came to the upside. Now in hindsight.. H1 is up so why would i filter a long setup?   

Dax missed.png

 

NEO
 Nas hit a major level during the day and started to drop.

At the open the initial move is down. I am dropping down to M1 to see if it sets up.

Pullback gone.

Moving up instead. 
Dow is moving down after moving up first.

I will see if it breaks the low to the left.

Both us indices are now going down. I am on M1.

A PO on nas. But then the pullback is gone.

On M5 on both now


 Trade 21

Continuation to the downside on Nas. Down on M1 again and waiting for a cute pullback.
A 1 is showing and i have a po. Gets triggered and hits 2 R.

Ds1

16.12.2021_15.48.19_REC nas.png

 

Trade 21.png

 

Review of the day.
The trade on Dax is a little iffy. Its a break and a retest of some sort but i did not have a good feeling about it.
The trade on nas i had a good feeling about. Its a really good setup. These are the ones i always want to take, not the ones i have to think about. the good setups are no brainers.

 

[immy]

I see that i have taken trades after climatic moves.


 
 

 

I saw 4 trades one after the other and I was screaming... EMMAAAA RULE 3.... Is it climactic???????? good you realised it, I did not want to point it out myself.  

[immy]

I see that i have taken trades after climatic moves.


 
 



 

I saw 4 trades one after the other and I was screaming... EMMAAAA RULE 3.... Is it climactic???????? good you realised it, I did not want to point it out myself.  

What you had assumed was that as soon as you switch to m5, that there will be no learning curve. Oh but the moment you bring about a change there is a new learning path.  The setup looks the same but due to time and duration factors and changes of volatility the setup looks the same but it isn't ... 

The H1/M5 of FX is a different volatility structure ... the H1/m5 for Indices is very different. That's because a) it has two sessions, where one is 5times or 10times more volatile than the other. and b) overall Indices move very different to fx, and maybe even C) both US30 or US100 even though us indices move VERY differently...

I am however VERY clear about my setup. VERY CLEAR... 

I sit down at LO and I wait for Volatility breakout .... if its a range after open, then I want range breakout with momentum.... and repeat the same at NEO...

Have a  good weekend. 
 
 

[eaxh]

I see that i have taken trades after climatic moves.


 
 




 

I saw 4 trades one after the other and I was screaming... EMMAAAA RULE 3.... Is it climactic???????? good you realised it, I did not want to point it out myself.  

What you had assumed was that as soon as you switch to m5, that there will be no learning curve. Oh but the moment you bring about a change there is a new learning path.  The setup looks the same but due to time and duration factors and changes of volatility the setup looks the same but it isn't ... 

The H1/M5 of FX is a different volatility structure ... the H1/m5 for Indices is very different. That's because a) it has two sessions, where one is 5times or 10times more volatile than the other. and b) overall Indices move very different to fx, and maybe even C) both US30 or US100 even though us indices move VERY differently...

I am however VERY clear about my setup. VERY CLEAR... 

I sit down at LO and I wait for Volatility breakout .... if its a range after open, then I want range breakout with momentum.... and repeat the same at NEO...

Have a  good weekend. 
 
 

 

yeah that rule just dissapeared that day....
I have been working very hard with looking at setups and be more sure of what is my setup. I am on my way back
I also see that indices and FS are different and i am ready to do the work that is neccessairy to build the skill that i need to trade more succesfully and consistent.

Hope you had a great weekend

 

[eaxh]

I am sorry for the messy journal.. 


FORECAST AND PREP
NEWS No relevant red news
D1 Range |Range| Range
H1 Bear Channel | Range in form of a wedge | Possible entered a range.
M5 wide Slow Bear channel|bullish breakout |
FX
EU – Ugly Bull channel.

GU Ugly tight range

UJ – bear channel getting tighter

AU- Parallell bear channel.



Watching GU if it closes below the range
It happens and  M5 is slow and late… So i am on M15 and a signal happens and i place a po.

Triggers and my intuition is bad. Very bad. I try to find wrong things with the setup.

Uj is now dropping and they usually moves in different direction…

The trade is VERY sloooow. On M15 so i can expect that of course, but to take a trade and then being stuck sideways is no fun.

Rented. My intuision was correct.

17.12.2021_12.59.40_REC PO GU.png

 

17.12.2021_13.01.16_REC Po GU M15.png

 

17.12.2021_13.00.41_REC PO GU M15.png

 


GU if its a trendcandle to the downside, but its stretched on M5.

 
EU have a TC to the downside after beaking the ugly channel.

Dropping down on M5 to see if there is a retest.

17.12.2021_15.21.28_REC EU M5 pullback no signal.png

 
 
Today i feel that i can trust my ability to trade. I am heavily affected when in drawdown. I always manage to pull myself out of it but i have to have a
way to manage it so i dont get affected that much.

One way to do it is too see it in batches like i should!!
 
DAX

 
M5 is channeling to the upside the last hour before the open.

First 2 M5 candle is range candles so i am waiting for action.

17.12.2021_09.46.43_REC M5 TC.png

 

17.12.2021_09.17.27_REC Trade 22.png

 

 

17.12.2021_09.18.53_REC Idea of Dax trade.png

 



Now i am on M5. I was trapped in a fakeout.



I easily get caught in that when i have a loser its because the setup was bad. And that leads to me overthink signals.

I have a year och record that i can be profitable. I have had drawdowns and i am still profitable.

How hard is it do just take the signals….

I did that now and I hate the signal in hindsight.
 
Picture 2 Tc on M5 adn no signal on M1.



Now i am on M5. H1 is in a confirmed range now.

I am not looking for signals on M5 until the range on H1 is broken.
 


Am i stupid for not taking this or smart because i am practicing the H1/M5?



Its now at the range lows and i need to wait for a break and retest.

M5 does a break andretest. I have a 1. Rather big. But keeping it. Changing it to the next candle if its a signal.

Po cancelled by the next candle.

 
TRADE 23
Candle after that is a 2 and a confirmation candle so po in again.

17.12.2021_10.45.29_REC Trade 23.png

17.12.2021_10.30.37_REC Signal M5 after a break 1130.png

 
 

It gets triggered and i am feeling scared. Winners have been rare lately.

Its going down and i am feeling tempted to place the sl to BE prematurely. I am not. It coles down and sl is brought to BE as i planned in advanced so
nothiing i have to keep looking at.

It hits 2 R and i am feeling good again.
Need to adress this… Cant be happy or low based on my trades outcome.

Its the main issue with my HSP ( High sensitive personality).

I also easily get overwhelmed by all the factos to put in the descision to trade or not to trade a signal…
 
US30

A TC on H1 that broke the levels to the left.

I am dropping down on M5 and spot a possible retest. I am waiting for a signal to get in.
Trade 24

Entry on a 2. I see it as valid. H1/M5 method.

Is moved to BE in the trigger candle.

Ended BE
 

17.12.2021_14.12.11_REC Trade 24.png

 

17.12.2021_14.08.42_REC Trad 24.png

 
 
Now i am waiting for the us open.
 
NAS

Breaks a level to the left. I drop down to M1 and watching for a trade to the upside.

Nas long move gone.

Goes dont but does not manage to break the low to the left.

Goes up and goes beyont the candles to the left. Does not set up.



DOW.
Nothing at the open. Waiting for action.

Breaks the level and goes down. Went too far so on M5 now.

17.12.2021_15.59.59_REC NEO no trades.png

 

Hits the low of 14th and 15th of december.

Crashed without any signal to take.



 dont have time to sit all evening long so i am logging out now and takes weekend.
 
The first trade today on DAx was not good.

Besides that misstake i think i have done good today.







 
 
 
 
 
 

[eaxh]

This week has been what i call a learning week.
The result of the week is -1,25%.
And i can see why and thats the most important when the result is not what is supposed to be. 

Like i wrote in the revent post i did i have been taking trades after climatic moves. 
If i see a move that is climatic or too late in the wave. i will not even concider it. It usually snaps back. 
I will experiece FOMO but a rule is a rule.

I dont really know what to expect for the week to come. 
i havent really traded before around cristmas. 

I will follow my rules and take trades that is Ds1 and that means according to the rules and not in a range. 

 

[eaxh]

FORECAST AND PREP
NEWS No news
D1RANGE|Wide range | Wide range
H1 Tight Bear channel | Tight bear channel |Bearish breakout phase
M5 Wide bear channel | Wide bear channel | Bear channel
 
FX
EU – Bull channel after a BO. Suggesting another push today. Famous

GU – Bear channel after bear channel- suggesting a slow day in a range

UJ – Squeezing bear channel with alot to the left.

AU- Bearish BO. Have gone too far so not lokking to trade a pullback here
 
EU
 

20.12.2021_10.12.23_REC Pic 6.png

 

20.12.2021_10.00.42_REC Pic 5.png

 

20.12.2021_15.20.03_REC Pic 17.png

 
 
 
THOUGHTS AND TRADES
 
DAX opens and makes a range. I mark the high and low of it and does not touch it before it is broken.

Trade
TRADE 25

Dax goes down and i have a empty 2 and i am taking it.

I am a bit scared. They are buying the lows. RENT.

Ds1

20.12.2021_09.18.55_REC Pic 1.png

 

20.12.2021_09.19.42_REC Pic 2 Trade 25.png

 

The setup failed.

Thougths after. From an H1 perspective this trade was not in the correct spot. But from the phases and market cycle i see it as valid.

Ticks all the boxes for bananarules. One can argue that the lower level to the left is the range low. Still have room though.

I am not on M5.
 
Dax tried to break the range one again to the downside but got rejecter right away.

I now have a bigger range.

20.12.2021_09.25.07_REC Pic 3.png

 



I have alarms set


 
Dax is now testing the lows. I am not taking a trade here on M1. Its a channel so i am waitiong for m5.

 

20.12.2021_10.06.12_REC Pic 5.png

Pic 12.png

20.12.2021_11.00.18_REC Pic 8.png

 

20.12.2021_10.35.21_REC Pic 7.png

 

20.12.2021_11.02.12_REC Pic 9.png

 

Goes rup to the openline right away, lets see if it bounces or continues.

Anyway. Its lunchtime. I will take the computer with me.

20.12.2021_11.47.32_REC poic 10.png

 

20.12.2021_11.48.52_REC Pic 11 Trade 26.png

 

20.12.2021_13.13.18_REC pic 13.png

 

20.12.2021_13.13.54_REC pic 14.png

 

20.12.2021_13.22.21_REC Pic 15.png

 


 
NEO

20.12.2021_15.51.31_REC Pic 18.png

 

20.12.2021_15.44.23_REC pic 18.png

 

20.12.2021_16.06.17_REC Pic 19.png

 

20.12.2021_16.11.22_REC pic 20.png

 
TRADE 27
Feelings during the trade. Iffy about the setup, iffy on the context. Iffy about everything.

20.12.2021_16.16.57_REC Trade 27.png

 

Rented.

 
Did i do well today?

1, i had an idea on every trade and the setup was according to the rules.

I sense that i am not in a good streak and that might affect my patience.

I rank my trades as Ds´s because they are according to the rules.





I will be back tomorrow.




 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

[eaxh]

I have gone through the trading day once again and it was very good to do so.
This is what i noticed.
I am in a slump.... deep down.... I am very hard on myself but that is because i know more and i am trading in fear. A fear of losing.

20.12.2021_19.42.53_REC Day review DAX 1.png

 

20.12.2021_19.50.03_REC Dax M1 lo 2.png

 

20.12.2021_19.53.36_REC Dax M5.png

 

NEO

20.12.2021_19.58.58_REC NEO Dow m1.png

 

20.12.2021_20.02.15_REC NEO DOW M5.png

 

I will get through this.... I will! 
Right now it is very frustrating...

[eaxh]

Will watch this whenever i am uncertain about the banana. 
I have complicated it ALOT!!!!
I have complicated the s*it out of it...