Emma´s T20 Journal

[eaxh]

I watch neo today. I saw M5 shoot up then a small pause and a new push up. 
I found a cute little setup on M1. 

A TTTTPP in the correct context. 

19.09.2022_19.53.39_REC DOW trade 15.png

 
 

[eaxh]

Today we dont have any news to be aware of. 
It have been moving this morning. No entry for me though.

I felt sure today. I was in line with my rules and guidelines.

Here are the dax chart of today. I did not even look at nas. It is quite dense so spread is too big. 

20.09.2022_11.02.49_REC dax no trade.png

 If one is scared to take a trade, the hack is to trade like backtesting. ZOOM OUT. Have the HTF to rest on. Too filter the noise out

[eaxh]

Today we have FOMC later in the day.

I did not place any trade today. 
I had one possible trade but nas have low volatility during LO right now so the spread is too big. 

21.09.2022_12.17.15_REC nas no trade.png

 

21.09.2022_12.19.33_REC dax no trade.png

 
 

[eaxh]

This morning it moved in a very "good" pattern. 
Did not manage to capture it. 

I am thinking that - did i not get into the first trade due to fear of being wrong?. 
I filtered it due to the look of it, not of fear. 

Skärmavbild 2022-09-22 kl. 11.51.40.png

 
 

[eaxh]

Today there were some news but nothing that should affect the indices. 


the daxtrade i cannot really see that that it is totally wrong. Although i can see that there is no momentum so i will give this a ds0. 

22.09.2022_16.11.11_REC DAx trade 16.png

 This one is all good. A ds1 

22.09.2022_16.02.02_REC NAS trad 17.png

 

 
 

[eaxh]

Today there were european news. Nothing that affected major. 

I am working on mapping my trading behaviour a´la "the mental game of trading" with Jared Tendler.
I can clearly see that my feeling and emotion are keeping me from preforming my best. 


Trades this morning. 
I have mixed up the numbers of them .... 


This trade triggered me to feel like the WORST trader alive. Just by being aware of that stopped me from going down a spiral of feeling shitty.

23.09.2022_12.30.22_REC DOW trade 18.png

 Then i took these. Valid and acording to the rules.

23.09.2022_12.20.53_REC dax trade 1 and 2.png

 This one i was hesitant about. BUT i also saw that the context was correct and i had a signal that was a good pattern. I had the fear telling me "are you really sure about this one?" You know...if its a rent, you will feel guilty of taking it".
I realised that my fear was dominant and i took over. 

23.09.2022_12.39.10_REC nas trade 3.png

 





Comment: I will remove dow. its more than i can handle. 
 

[eaxh]

News later in the day, nothing that will highly affect the morning session.

I came into the session with a slight worry. 
Worry that i am too worried to see the market clear. 
Worry that i pay too much attention to the htf, at the same time i am worried that i am going to get tunnelvision on M1. 

i placed one trade today. 
It was a rent. 
With me already being in a worried state, i am trying to find what made this one a rent so i can be more safe in the continuation. 
Problem with that is that it does not work that way. 
Exactly this pattern could be a winner next time and if i dont take that i will not see the benefit of the edge.

I have always said that i just have to take the setups. And that is true, but not that easy as i want to make it. 
There is more undernieth that i need to think about. Underlying flaws.

I am now making a strategy to work toward eliminating those errors that make me not take trades. 

26.09.2022_12.28.21_REC Trade 4 DAX.png

 
 

[eaxh]

When i am mapping the mental problems i have in trading i have identified a grey zone in my plan/rules that cause me to hesitate and being insecure about a section in my trading. 



I did not see this as a setup to take this morning. 
i was so focused in seeing a proper trendchange before entering a trade in the other direction.

I know that i have a problem with filtering kind of obvious trades and taking some that are a bit questionable.
When HTF is trending i dont have a problem with identifying when its OK to look for a setup and when it is best to wait. 
it is these trend changes.

I am not really sure how i can have an objective rule about this. 
To access the momentum and the feel for the market is not what works for me. 
I dont want to be mechanical either ( like when it crossed the 100 ema) That is usually not correct either. 

I can see that M1 was in a range/mess before the open. 
Could that be the objective rule i need. That it have to be a range in order to take an impuls directly in the other direction than the trend the price have just been in. 

1. Ok signal.png

 

2.png

 
 

3.png

 
 

[Minsk]

"I know that i have a problem with filtering kind of obvious trades and taking some that are a bit questionable."

I think I know what you say here, my journal has a lot of these. Immy has said to me: if you spot the setup and the flowchart gives a go, take the trade. Backtesting has no discretionary capacities, it takes the setup if its valid. And the system is profitable. So we can only be better than that if the obviously bad signals won't be taken, according to flow chart rules. (Immy correct me if I'm wrong).
I think we overthink too much sometimes. It looks dead simple on charts when Immy's comments are on it. 


 

[eaxh]

"I know that i have a problem with filtering kind of obvious trades and taking some that are a bit questionable."

I think I know what you say here, my journal has a lot of these. Immy has said to me: if you spot the setup and the flowchart gives a go, take the trade. Backtesting has no discretionary capacities, it takes the setup if its valid. And the system is profitable. So we can only be better than that if the obviously bad signals won't be taken, according to flow chart rules. (Immy correct me if I'm wrong).
I think we overthink too much sometimes. It looks dead simple on charts when Immy's comments are on it. 


 

 

I hear you. the urge of wanting to be more sure about the outcome often hurts more than it gain. 
We need some filtering but sometimes the brain just do everything in its power to stay safe. 

Pics in hidsight its obvious because of the outcome. our proffession is to be able to see it without what happened next....


I am working on it