Batch 5
After i have been looking at the trades again i have found 3 trades that does not match my tradingplan.
Trade 2. WEAK
Trade 3. Climatic
Trade 10 no confirmation candle as the entry.
Trade 9 is in the grey area. The first pullback candle is a bearish TC so i an not giving it high score. A
LL the setups taken are in the line of the HTF. No range trading.
So that is good.
I still dont have the result i was expecting.
When i think of the reason why i can assume that is it because of the setups i did not take.
There were winners when i had my concerns ( based on small things) they were in the line of Ds1 but i have filterered them …
What do i need to do?
Continue. I dont need to change anything now.
I am out of he worst DD and slowly going towards BE.
I will
Still taking confirmationcandles as entry.
Still taking them in like with HTF.
Will focus on continuationsetups. AKA hunt.
When doing so there is no stress on M1. I just wait for m5 to be in the right position. There is no constant looking for signals.
As i have come to trade 100 trades since i starter the batches i will go through all of them All in all on those 100 trades-2,3%
Ds score 89% ( something is wrong here)
Winrate incl be 42%
Winrate excl be 26,2%26,2x3=78R-72,8R= 5,2R.
Statistically i should be up 5,2R. Lost in commission and loweiring size. Also slippage on all BE´s
so the losers in the beginning is bigger than the winners with lower size. Makes sense. And the statistics dont lie. So in the long run i should be able to dit myself out of this DD. I will continue the batches with a quarter size until i see the results on the account.
I will not increase the size untill i am at BE.
It will have to take time.
I will continue to record the batches in this format. Its manageble and easy to go throught the trades.
GOING THROUGH ALL THE 100 TRADES
When going through all of the batches i can see that i have done some rangetrading and countertrend trades which of course bring the profitability down.
I also see alot of trades in the beginning taken with no confirmation candles as entry.
I have also taken trades too late in a pullback.( setups on the HTF) Not my setups.
I can see what went wrong. And that makes me calm. I have found the problem, and i can see that at the 2 last batches are way better.
I had too much of desicionmaking in a greay areas in the beginning. Now i DONT do countertrendtrading and with the TTTTPPP way to look at signals i KNOW my setup.
The most important is that i know when not to trade now.
When i got bored or greedy and the same time had some greay ares in the plan/rules trades were taken at the wrong places and that is what will happen..
Good thing though is that i have a solid plan now that i am confident with. The problem and source of it is found and adjusted.
I am more calm, objective and i see the way forward. And as i wrote, it will take time and that is OK!.
This summer and vacation was needed. My head is clear now
