Paul's T20 Batch 3 Journal

[kxpgtech]

Today I started Batch #3 with a new FTMO 14 Days Trial Account. I will use this account exclusively for both Setup 1 and Banana Methods.
As in the end of Batch #2, I changed the AIMS Signal to Banana Signal in M5. But keep it in M1. In this batch, I will also practice how to trade the Banana Signal on M1 because I think that M5 is too slow for me. It took me a while to learn the Banana Method. However, I don't think that I understand it yet. It may take a lot of practice to know it in the details.

Trade 41
1. Trade Number: B3-T1 (Batch 3 Trade 1)
2. Date/Time: 12/16/2022 at 18:55.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana SELL
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the trading range (the red line in the chart) with 2 TC.  I decided to skip the first PB because of the level on the left. On the second PB, I placed a Sell Stop order for 47.05 Lots at P 32724.7, SL 32737.3, TP 32640.56, Risk 1%. The order was filled at 18.55 and hit 1R at 19:12. I closed 23.5 lots for $448.85 profit. To reserve capital, I also move SL to the above the latest Banana Candle. The trade stopped out at 19:19 for $292.02 loss.  The net profit was $156.83.

Trade B3 T1Banana.png

6. Post Trader Questions: 
a) I think this is a perfect Banana Trade.
b) My first mistake was skipping the first PB.
c) My second mistake was shooting for 6R instead of 2R.

7. DS For this Trade: 1
8. DS Running Total: 1 / 1 (100%)

Trade 42
1. Trade Number: B3-T2 (Batch 3 Trade 2)
2. Date/Time: 12/16/2022 at 19:53.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana SELL
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the trading range (the red line in the chart) with 3 TC.  On the first PB, I placed a Sell Stop order for 53.87 Lots at P 32695.7, SL 32707.73, TP 32608.6, Risk 1%. The order was filled at 19:53 and hit 1R at 19:55. I closed 27 lots for $577.80 profit. The trade stopped out at 20:15 for $456.62 loss.  The net profit was $231.18.

Trade B3 T2Banana.png

 
6. Post Trader Questions: 
a) I think this is a perfect Banana Trade.
b) I forgot to change the target to 2R. If I use 2R, this target would be hit.

7. DS For this Trade: 1
8. DS Running Total: 2 / 2 (100%)
 
Trade 43
1. Trade Number: B3-T3 (Batch 3 Trade 3)
2. Date/Time: 12/16/2022 at 20:25.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the trading range (the red line in the chart) with 2TC.  On the first PB, I placed a Sell Stop order for 64.31 Lots at P 32677.8, SL 32692.03, TP 32652.86, Risk 1%. The order was filled at 20:25 and hit 1R at 20:29. I decided to wait for 2R without moving SL or taking 1/2 profit. The price moved to 32653.00 then moved back. It hit SL at 20:32 for $990.37 loss.

Trade B3 T3Banana.png

6. Post Trader Questions: 
a) I think this is a perfect Banana Trade.
b) If I follow the trading plan, taking 1/2 profit then this would be a BE trade.

7. DS For this Trade: 0.5
8. DS Running Total: 2.5 / 3 (83%)
 
Trade 44
1. Trade Number: B3-T4 (Batch 3 Trade 4)
2. Date/Time: 12/16/2022 at 20:55.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana BUY
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the trading range (the red line in the chart) with 1TC. I was reluctant because the PB candle was big. But after I saw the 3rd bullish Banana candle with a long tail and very small body, I placed a Buy Stop order for 51.39 Lots at P 32721.2, SL 32701.2, TP 32775.94, Risk 1%. The price hit SL at 20:57 for $1074.05 loss.

Trade B3 T4Banana.png

6. Post Trader Questions: 
a) With 3 long PB candles, I should wait for confirmation before taking this trade.
b) Price formed a TR before resume the uptrend.

7. DS For this Trade: 0
8. DS Running Total: 2.5 / 4 (63%)
 
Trade 45
1. Trade Number: B3-T5 (Batch 3 Trade 5)
2. Date/Time: 12/16/2022 at 21:06.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: The price formed a trading range. when I saw a Blue Dot at 22:01, the AIMS Box was small and AO was near Zero line, I placed a Buy Stop order for 43.73 Lots at P 32728.1, SL 32708.00, TP 32788.3, Risk 1%. When the price hit 1R at 21:12, I closed 21 Lot for $907.20 profit at 21:12. The other 22.73 lots hit target at 21:16 for $1368.35 Profit. Total profit for the trade was $2275.55.

Trade B3 T5.png

 

6. Post Trader Questions: 
a) This was a near perfect Setup 1 on 1M and also a Banana Trade on M5.
b) I used the level to the left om=n M5 to set the target for this trade.

7. DS For this Trade: 1
8. DS Running Total: 3.5 / 5 (70%)

Trade 46
1. Trade Number: B3-T6 (Batch 3 Trade 6)
2. Date/Time: 12/19/2022 at 13:00.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana SELL
5. Comments and Feelings at the Time of Taking the Trade: The price broke down of the trading range with 3 TC. It then PB with a Seed and 2 Banana candles. After the second Banana candle, I placed a Sell Stop order for 79.58 Lots at P 33006.40, SL 33019.46, TP 32973.12, Risk 1%. When the price hit 1R, I closed 39.5 lots for $422,65. The other 40.08 lot hit target at 13:43 for $1346.67 Profit. Total profit for the trade was $1769.34.

Trade B3 T6Banana.png

 
6. Post Trader Questions: 
a) This was a perfect Banana Trade.
b) It needs patience to wait for the setup.

7. DS For this Trade: 1
8. DS Running Total: 4.5 / 6 (75%)

Trade 47
1. Trade Number: B3-T7 (Batch 3 Trade 7)
2. Date/Time: 12/19/2022 at 13:22.
3. Symbol/TF: GBPUSD M1
4. Signal Type / Direction: Banana SELL
5. Comments and Feelings at the Time of Taking the Trade: The price broke down of the trading range with 5 TC. It then PB with 2 Banana candles. After that, it moved down then quickly came back, After a seed candle appeared, I wait for a confirmation candle, then placed a Sell Stop order for 17.41 Lots at P 1.21859, SL 1.21920, TP 1.21717, Risk 1%. The price hit SL 3 candles later for $1079.42 loss.

Trade B3 T7Banana.png

6. Post Trader Questions: 
a) This was a Banana Trade. But it stopped me out because it formed a long trading range later.
b) This kind of loss is unavoidable.

7. DS For this Trade: 1
8. DS Running Total: 5.5 / 7 (79%)

Trade 48
1. Trade Number: B3-T8 (Batch 3 Trade 8)
2. Date/Time: 12/19/2022 at 13:55.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana SELL
5. Comments and Feelings at the Time of Taking the Trade: The price broke down of the trading range with 4 TC. It then PB with 1 Banana and 1 Seed candle. After that, it moved up with a TD candle. After I saw it moved down with a RED candle, I assumed that it would continue to move down. So I placed a Sell Stop order for 73.14 Lots at P 32960.90, SL 32975.05, TP 32928.58, Risk 1%. The price hit SL 4 candles later for $1126.36 loss.

Trade B3 T8Banana.png

 
6. Post Trader Questions: 
a) This was not a Banana Trade. 
b) I lost patience in this trade and read into the Chart something that was not there,
c) I should cancel or get out of the trade when the Blue Banana signal appeared.

7. DS For this Trade: 0
8. DS Running Total: 5.5 / 8 (69%).

Trade 49
1. Trade Number: B3-T9 (Batch 3 Trade 9)
2. Date/Time: 12/19/2022 at 14:12.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: The price moved back from the bottom then paused when it hit the Blue Gator line. I saw a Red dot when AO was near ZL, Gator sleeping, the BL was above the Gator, and the Box was small. After missing the move, I placed a Sell Limit order for 99.51 Lots at P 32969.90, SL 32980.42, TP 32941.64, Risk 1%. The price hit SL 4 candles later for $1074.71 loss.

Trade B3 T9Setup 1.png

 
6. Post Trader Questions: 
a) This was a perfect Setup 1 with 1.5R. 
b) I lost because I did not cancel the limit order when the price came back without forming a new lower low.

7. DS For this Trade: 0.5
8. DS Running Total: 6 / 9 (67%)


Trade 50
1. Trade Number: B3-T10 (Batch 3 Trade 10)
2. Date/Time: 12/19/2022 at 14:21.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana BUY.
5. Comments and Feelings at the Time of Taking the Trade: The price formed a double bottom then broke out of the neckline with 1 TC. After hitting the 100EMA, it pulled back with 2 TC, then a Banana candle up.  with 1 Banana and 1 Seed candle. I placed a Buy Stop order for 69.98 Lots at P 32978.8, SL 32964.65, TP 33012.8, Risk 1%. The price hit 1R two minute later, but I decided not to close 1/2 of the order or move SL to BE with a hope of making more money. After hitting 2R, it moved down and hit SL for $1007.71 loss.

Trade B3 T10Banana.png

 
6. Post Trader Questions: 
a) This was a near perfect Banana with 2R. 
b) I knew that the 5M trend was still a downtrend, but with the NL broken, I believed that price would go up. 
c) I lost because I was greedy. I souls get out when the Evening Star candle formation appeared and made some money. I also broke the trading plan by not taking closing 35 lots at 1R or move SL to BE.

7. DS For this Trade: 0
8. DS Running Total: 6 / 10 (60%).

Trade 51
1. Trade Number: B3-T11 (Batch 3 Trade 11)
2. Date/Time: 12/19/2022 at 15:19.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the TR with 3 TC. After that, it pulled back with 1 Seed and 1 Banana candles. I placed a Sell Stop order for 67.74 Lots at P 32942.4, SL 32934.12, TP 32887.25 (based on 100% expansion), Risk 1%. The price hit 1R two minute later, but I decided to wait before closing 1/2 order because the momentum was great. When the price hit 61% expansion level, I closed 33.3 lots for $1302.03. I decided to use the AIMS Box as Trailing SL for the other 34.44 lot. Before hitting 100% expansion, it moved back and hit SL for $833.45 profit. The total profit for this trade was $2135.48.

Trade B3 T11Banana.png

6. Post Trader Questions: 
a) This was a perfect Banana with 5R. 
b) After this trade, I felt more comfortable with the Banana Method.

7. DS For this Trade: 1
8. DS Running Total: 7 / 11 (64%).

Trade 52
1. Trade Number: B3-T12 (Batch 3 Trade 12)
2. Date/Time: 12/19/2022 at 16:45.
3. Symbol/TF: US100 M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the TR with 5 TC. After that, it pulled back with 1 Banana candle, then moved decisively up to 20EMA with 1 TC followed by a pin bar. After a Confirmation candle, I placed a Sell Stop order for 43.04 Lots at P 11201.5, SL 11224.39, TP 11108.51 (based on 4R), Risk 1%. The price hit 1R two minute later, I decided to close 21.5 lots for $574.05 profit. The other 21.51 lots hit profit target at 17:04 for $1247.17 profit. The total profit for this trade was $1821.22.

Trade B3 T12Banana.png

 
6. Post Trader Questions: 
a) This was a perfect Banana with 4R. 
b) After this trade, I think that I understand the Banana Method a lot more

7. DS For this Trade: 1
8. DS Running Total: 8 / 12 (67%).

Trade 53
1. Trade Number: B3-T13 (Batch 3 Trade 13)
2. Date/Time: 12/19/2022 at 17:26.
3. Symbol/TF: US100 M1
4. Signal Type / Direction: Banana BUY.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the TR with 2 TC. After that, it pulled back with 1 Seed candle and 1 Banana candle, then moved up to 20EMA and formed a pin bar then gave a Banana Buy candle, followed by a green Confirmation candle. I placed a Buy Stop order for 89.06 Lots at P 11193.7, SL 11182.49, TP 11224.37 based on 1R (based on the level on the left), Risk 1%. The price formed a trading range then stopped out at 17:32 for $1095.44 loss.

Trade B3 T13Banana.png

 
6. Post Trader Questions: 
a) This was a Banana trade with 1R. However, I would better wait until the price break the 100EMA.
b) In fact, this was a deep PB on M5, but I took it for a reverse.
c) After this trade, I realized that I have to look at the context carefully before taking the trade.

7. DS For this Trade: 0
8. DS Running Total: 8 / 13 (62%).

Trade 54
1. Trade Number: B3-T14 (Batch 3 Trade 14)
2. Date/Time: 12/19/2022 at 17:45.
3. Symbol/TF: US100 M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the TR with 1 TC. After that, it pulled back with 3 candles but no Banana signal. I placed a Sell Stop order for 72.84 Lots at P 11149.2, SL 11163.15, TP 11123, Risk 1%. The trade stopped out at 17:49 for $1034.33 loss.

Trade B3 T14Banana.png

 
6. Post Trader Questions: 
a) This was not a Banana trade.
b) I don't know why I took the trade, maybe to test my ability to predict a Banana signal before it formed.
c) After this trade, I decided to be more patience waiting for the signal before taking trade.

7. DS For this Trade: 0
8. DS Running Total: 8 / 14 (57%).

Trade 55
1. Trade Number: B3-T15 (Batch 3 Trade 15)
2. Date/Time: 12/19/2022 at 17:58.
3. Symbol/TF: US100 M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the TR with 5 TC. After that, it pulled back with 1 Banana candle, then moved decisively up to 20EMA with 1 TC followed by a pin bar. After a Confirmation candle, I placed a Sell Stop order for 70.91 Lots at P 11150.23, SL 11224.39, TP 11088.99 (based on 3.3 R), Risk 1%. The price hit 1R at 18:01, I decided to close 35 lots for $645.50 profit. The other 35.9 lots hit profit target at 18:34 for $1303.53 profit. The total profit for this trade was $1958.03.

Trade B3 T15Banana.png

 
6. Post Trader Questions: 
a) This was a perfect Banana with ~3R. 
b) Practice like this helps me understand and appreciate the Banana Method a lot more.

7. DS For this Trade: 1
8. DS Running Total: 9 / 15 (60%).

Trade 56
1. Trade Number: B3-T16 (Batch 3 Trade 16)
2. Date/Time: 12/20/2022 at 14:37.
3. Symbol/TF: US100 M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the TR with 1 TC. After that, it pulled back with 1 seed candle, then moved down with 1 TC followed by a seed candle. After a Confirmation candle, I placed a Sell Stop order for 218.4 Lots at P 11046.9, SL 11051.85, TP 11040, Risk 1%. The price hit SL one minute later for $1070.55 Loss.

Trade B3 T16Banana.png

 
6. Post Trader Questions: 
a) This was a near perfect Banana because this was the second PB and the level on the left was at least 1R. 
b) The only concern I had was the candles did not pull back to the 10EMA yet. And this may be the reason for the loss. But based on the Video I learned, this close to 19EMA was OK. In fact, after that price moved down drastically.

7. DS For this Trade: 1
8. DS Running Total: 10 / 16 (63%).
 
Trade 57
1. Trade Number: B3-T16 (Batch 3 Trade 16)
2. Date/Time: 12/20/2022 at 14:56.
3. Symbol/TF: US100 M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: On the second PB, I placed a Sell Stop order for 184.15 Lots at P 11035.5, SL 11041.03, TP 11015.96, Risk 1%. When the price hit ~2R, I closed 92 Lots for $1278.8 Profit. The other lot continued to move down and almost hit target, but it suddenly stopped out at 100EMA, but the price was still far away from that. I don't know why. It may be a quick spike!

Trade B3 T17Banana.png

 
6. Post Trader Questions: 
a) This was a perfect Banana. 
b) This may be the third PB instead of the second PB because there was one candle PB before that, but its low was the same as the previous candle and can be consider as a pause.
c) The sudden stop out for unknown reason help me understand the importance of moving SL to BE or close haft of the order at 1R or better.
d) If I used Trailing Stop in this case, I would make more money.

7. DS For this Trade: 1
8. DS Running Total: 11 / 17 (69%).
 
Trade 58
1. Trade Number: B3-T18 (Batch 3 Trade 18)
2. Date/Time: 12/20/2022 at 15:12.
3. Symbol/TF: GBPUSD M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of the TR with 12 short PB. After a long PB with a Banana candle, I placed a Sell Stop order for 15.06 Lots at P 1.21018, SL 1.21084, TP 1.20891, Risk 1%. The price hit SL 2 minutes later for $1054.2 Loss.

Trade B3 T18Banana.png

6. Post Trader Questions: 
a) This was the Third PB, not the Second PB
b) I made mistake on judgment because this long move was a climatic move. I will remember this and avoid this kind of trade in the future.

7. DS For this Trade: 0
8. DS Running Total: 11 / 18 (61%).

Trade 59
1. Trade Number: B3-T19 (Batch 3 Trade 19)
2. Date/Time: 12/20/2022 at 16:51.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: The price broke out of a long TR with 2 TC and 3 normal candles. After a Red Seed candle appeared, I placed a Sell Stop order for 29.9 Lots at P 32661.6, SL 32688.62, TP 32521.31, Risk 1%. The price hit SL instantly for $914.94 Loss.

Trade B3 T19Banana.png

 
6. Post Trader Questions: 
a) This was a near perfect Banana Trade.
b) Before taking the trade, I check the 5M chart and see that we still have room for moving down. However, the major trend is uptrend and have not broken yet. But I accept the loss because the chance was 50/50.

7. DS For this Trade: 1
8. DS Running Total: 12 / 19 (63%).

Trade 60
1. Trade Number: B3-T15 (Batch 3 Trade 15)
2. Date/Time: 12/22/2022 at 13:00.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 & Banana SELL.
5. Comments and Feelings at the Time of Taking the Trade: I saw a red dot at 12:57. At that time, the AO was near ZL, Gator was sleeping, and BL was above Gator lines. A banana signal also appeared. I placed a Sell Stop order for 50.27 Lots at P 33333.5, SL 33352.49, TP 33272.25 (~3R), Risk 1%. I left to do something else. When I came back, the price already hit the target at 13:22 for $3101.66 Profit.

Trade B3 20 Setup1.png

Trade B3 20 Banana.png

 
6. Post Trader Questions: 
a) This was a perfect Banana and Setup 1 with ~3R. 
b) Practice like this helps me understand and appreciate the Banana Method a lot more, especially when both Banana and Setup 1 or Setup 2 happen at the same time.

7. DS For this Trade: 1
8. DS Running Total: 13 / 20 (65%).


End of Batch 2 Review
1. After this batch, I understood the relationship between the Setup 1 and Setup 2 with the Banana Signals.
2. This understanding helps me trusting the Banana Signal Method more.
3. I also realized that Banana on 1M suites my personality the best, because I love fast moving action.
4. This batch also teaches me that any instrument can work perfectly. But for me, the US100 and US30 are the best.
5. After this batch, I will open another FTMO Trial Account and trade only the Banana Signals to help master the Banana Method.
6. I also found that in trading the Banana Signal, momentum is the most important factor.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

[immy]

Today I started Batch #3 with a new FTMO 14 Days Trial Account. I will use this account exclusively for the Setup 1 Method until Immy instructs me to change. I still use 1M as the trading timeframe.
As in the end of Batch #2, I changed the AIMS Signal to Banana Signal in M5. But keep it in M1.

 

 

dont wait for my instruction. this is your decision to take. both methods work and you have choice to make. 
 

[kxpgtech]

Thanks, Immy.