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immy
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Re: REVIEW BATCH 4

Unread post by immy »

eaxh wrote: 27 Jun 2022, 09:45 Batch 4 is done and i am out of DD. Not at BE on the account. but the slope down has come to an end.


What have i been doing good in this batch
- I have been taking trades in the correct context 
And that is, After an M5 pullback and after a range break.
-I have taken cute trades. not extented, not climactic and not slow. 
the impuls have been there. 
- I have not taken a trade after a missed one due to fomo. 
-I have taken trades based on onjectivity and i have had more certainty in what is my setup and what is not.
- I have been aware of M5 and the levels relevant to me .
- I have been taking CC in signal (confirmation candles) 

This eliminate some good signal, i know that. 
But for me it is more of an cure for overtrading. I concentrate on a certain kind of setups and becoming really good at them. 

What can i improve
Acually the onl problem in this batch.
- I have missed quite obvious trades in momentum moves due to hesitation. 
I will continue to work on that.
So dont hesitate when a setup is there. 

Problem with fixing this problem is that i start to overlook the hesitation and could be in a situation when i validate a signal 
i shouldnt. 

What i will do is take it slow. I will take the setups that look good TO ME. And eventually i will be more confident and miss less 
signals. 
 

I will continue with a half size risk for one more batch so i have a buffer for the normal risk DD without getting back to DD
right away again. resualts.png
 

 
Let me say this ....

If it was not for journals and posts like his, I'd have quit or deleted or taken everything offline by now. 

This is the work of a professional trader. Thank you for sharing and congratulations on your little success. I know the feeling, having just come out of drawdown myself, the feeling is awesome still I am hungry and a 6K trade does not quench my thirst. I want 10K and 20K trades. 

cheers 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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eaxh
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Tuesday 2022-06-27

Unread post by eaxh »

No news to look out for today 

LO
27.06.2022_10.11.41_REC trade 20.png
 
27.06.2022_10.56.19_REC dax lo.png
 
27.06.2022_10.57.50_REC NAS LO.png
 


NEO
27.06.2022_16.16.58_REC NAS DOW NEO.png
 
 
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eaxh
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Tuesday 2022-06-28 LO

Unread post by eaxh »

28.06.2022_10.28.21_REC NAS LO.png
 News today at 16:00

dax trade 1
A break of S1 and a retest of the high of wave 3 
Not ideal setup itself but context won.
DS1

DAx trade 2 
A continuation after a Setup on M5 in the right direction.
Not an A+ because on the levels to the left. A valid trade. A DS1
28.06.2022_10.29.00_REC LO DAX Trade 1 and 2.png
 
 
 
 
 
 
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eaxh
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Wednesday 2022-06-29 Lo and Neo

Unread post by eaxh »

29.06.2022_19.56.56_REC LO DAX.png
 
29.06.2022_19.58.12_REC LO NAS.png
 News at 15:30 (NEO) GBP, EUR and USD news.
29.06.2022_09.21.03_REC NAs pic 1.png
 Nothing during the morning session 




29.06.2022_16.39.49_REC nas no trade.png
 
29.06.2022_16.40.30_REC DOW trade 3.png
This one trade was maybe a bit climatic.... but i see it as valid. I just overhink it as it turned into a rent. NEXT
 
 
 
 
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immy
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Re: Wednesday 2022-06-29 Lo and Neo

Unread post by immy »

eaxh wrote: 29 Jun 2022, 18:59 29.06.2022_19.56.56_REC LO DAX.png
 29.06.2022_19.58.12_REC LO NAS.png
 News at 15:30 (NEO) GBP, EUR and USD news.29.06.2022_09.21.03_REC NAs pic 1.png
 Nothing during the morning session 





29.06.2022_16.39.49_REC nas no trade.png
 29.06.2022_16.40.30_REC DOW trade 3.png
This one trade was maybe a bit climatic.... but i see it as valid. I just overhink it as it turned into a rent. NEXT
 
 
 
 

 
When I looked at the news calendar today the first thought that came to my head was. This doesn't to look good. Too many conflicting news at the same time. Never a good idea. 

I lost 2% today. The market stabbed me in the back and the chest. The last two perfect setups of H1 did not work for me. Breaks my heart. Hate it when a beautiful-looking setup fails... but it is the truth. EVEN the most beautiful setups fail. 

Chaos wins 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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eaxh
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Re: Wednesday 2022-06-29 Lo and Neo

Unread post by eaxh »

immy wrote: 29 Jun 2022, 19:25
eaxh wrote: 29 Jun 2022, 18:59 29.06.2022_19.56.56_REC LO DAX.png
 29.06.2022_19.58.12_REC LO NAS.png
 News at 15:30 (NEO) GBP, EUR and USD news.29.06.2022_09.21.03_REC NAs pic 1.png
 Nothing during the morning session 





29.06.2022_16.39.49_REC nas no trade.png
 29.06.2022_16.40.30_REC DOW trade 3.png
This one trade was maybe a bit climatic.... but i see it as valid. I just overhink it as it turned into a rent. NEXT
 
 
 
 


 
When I looked at the news calendar today the first thought that came to my head was. This doesn't to look good. Too many conflicting news at the same time. Never a good idea. 

I lost 2% today. The market stabbed me in the back and the chest. The last two perfect setups of H1 did not work for me. Breaks my heart. Hate it when a beautiful-looking setup fails... but it is the truth. EVEN the most beautiful setups fail. 

Chaos wins 
 

 
Thank you for the reply!

Market did not move in out favour today... next 

We just did our job 😊
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Thursday 2022-06-30

Unread post by eaxh »

No news to be aware of. 
I will post the sessions and trades in pictures with short comments. 
30.06.2022_09.15.14_REC DAAX FILTERED.png
 
30.06.2022_09.16.28_REC PLAC ON M5.png
 
30.06.2022_10.40.07_REC DAX LO session.png
 
30.06.2022_10.42.31_REC dax.png
 
30.06.2022_10.38.09_REC trade 4 and nas session.png
 





No trading in the afternoon i think. 
Have alot to do.

I will soon go on vacation and pause the trading. 
Have not decided the exact date yet. But i will slow down a bit next week.

 
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Friday 2022-07-01

Unread post by eaxh »

News at 11:00. RED eur news. 

Session in pics

01.07.2022_09.34.26_REC Dax TRADE MISSED.png
 
01.07.2022_10.25.28_REC traDE 5.png
 
01.07.2022_09.57.24_REC NAS tougths.png
 
A aha moment. A HUGE GAMECHANGER. 
I dont need to analyse every moment. 
I dont need to have the mindsed " what could it do now" in every situation. 
That create a process in m mind to look for opportunitys. 
What i have realised is that by doing so i will tired my brain and create fomo because i see the market move without me. 
So seeing setups (Or signals) in an environment that i should not trade being successful, creates massive risk of fomoof taking a 
second pullback where my edge does not exist. 


Now in these situations i wait. NO analysis. I dont know what it will do anyway. I just wait for my type of market( where my edge exists).



This leads to more quality trades with a bigger confidene behind them as i KNOW that they are my edge. 
And less fomo. 






 
 
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Last edited by eaxh on 01 Jul 2022, 11:49, edited 1 time in total.
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Minsk
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Re: Friday 2022-07-01

Unread post by Minsk »

eaxh wrote: 01 Jul 2022, 11:20 News at 11:00. RED eur news. 

Session in pics


01.07.2022_09.34.26_REC Dax TRADE MISSED.png
 01.07.2022_10.25.28_REC traDE 5.png
 

01.07.2022_09.57.24_REC NAS tougths.png
 
A aha moment. A HUGE GAMECHANGER. 
I dont need to analyse every moment. 
I dont need to have the mindsed " what could it do now" in every situation. 
That create a process in m mind to look for opportunitys. 
What i have kommit underfund med är att nby doing so i will tired my brain and create fomo because i see the market move without me. 
So seeing setups (Or signals) in an environment that i should not trade being successful, creates massive risk of fomoof taking a 
second pullback where my edge does not exist. 


Now in these situations i wait. NO analysis. I dont know what it will do anyway. I just wait for my type of market( where my edge exists).



This leads to more quality trades with a bigger confidene behind them as i KNOW that they are my edge. 
And less fomo. 





 
thank you for sharing your troubles and how you work through them.
i will probably face them all when i will trade real money.
Thanks to you sharing all of it, I have seen it in your journal, and hopefully that will help me in future.
What I have distilled so far, is that being in DD is no fun and stressfull. I take this lesson from that: capital preservation is a very important feat to pay attention to. Plus take only high probability setups, do not settle for less.
 
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Friday NEO session

Unread post by eaxh »

01.07.2022_16.01.35_REC trade 6.png
 

Today i was lucky. 
The news moved in my favor and gave me a positive slippage  :cool
 
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