Emma´s T20 Journal

[immy]

1. Trade Number: Batch 3 Trade 7

2. Date/Time: 3/12-2020 8:15

3. Symbol/TF: GER30/ S12

4. Signal Type / Direction : Setup 1 Sell

5. Decision making:
The m5 had a  bearish gator and was outside the box. M1 vas in a nice little pullback.
A pink dot was showing on s12 so i waited for a fresh level. It came with a red dot. So po in. 

6.Feelings during the trade:
the outcome is random, but ofcourse i want it not to be rent 

7.Comments After Exiting the Trade:Happy to have cought some pips 

8. DS For this Trade: 1

9. DS Running Total: 6/7 (86% )

 Batch 3 Trade 7.png
 
 
 

 

You know what... You're absolutely RIGHT

We know that the out of an individual trade can be random. but WE MUST DO EVERYTHING in our powers to ensure that we trade in the best possible circumstances in order to increase our odds of success. This wanting is VERY important. 
we are NOT mechanical traders

We want ot assess the situation, we want the volatility, we want the momentum, we want all of that to be CLEARLY in our favour... and we WANT TO WIN... we don't want to lose. This WANTING is VERY important.... 

all the best....
 

[eaxh]

 

You know what... You're absolutely RIGHT

We know that the out of an individual trade can be random. but WE MUST DO EVERYTHING in our powers to ensure that we trade in the best possible circumstances in order to increase our odds of success. This wanting is VERY important. 
we are NOT mechanical traders

We want ot assess the situation, we want the volatility, we want the momentum, we want all of that to be CLEARLY in our favour... and we WANT TO WIN... we don't want to lose. This WANTING is VERY important.... 

all the best....
 

 

Thank u for the reply!

I´m starting to love the stage 1 now. 
I see the importance. 
I take advantage of and value the process in a different way now than at the beginning.
It doesn't feel as difficult and unreachable anymore.


Cheers

[eaxh]

 1. Trade Number: Batch 3 Trade 8
 2. Date/Time: 7/12-2020 8:33

3. Symbol/TF: GER30/ S12

4. Signal Type / Direction : Setup 1 Sell

 5. Decision making:
Saw the setup 1 pattern. The M5 and M1 had a strong momentum down.
Po in

6.Feelings during the trade:
it reached SL-BE. Always a good feeling
 
7.Comments After Exiting the Trade:Ended BE. Happy with the trade.


8. DS For this Trade: 1
 
9. DS Running Total: 7/8 (88% )

Batch 3 Trade 8.png

 

[eaxh]

Didn´t have a good feeling about this trade.
But thats one of my biggest problems right now. Those feeling thats make me unsure.
Just trade the setup outside the range in the first and second pullback of the 5Xhtf in the direction of the 10Xhtf.
So i did what i was supposed to.

1. Trade Number: Batch 3 Trade 9

2. Date/Time: 9/12-2020 8:38

3. Symbol/TF: GER30/ S12

4. Signal Type / Direction : Setup 1 Buy
 5. Decision making:

I saw the setup 1 coming.
I had a concern about the big rejection against the high from 1/12.
But i had enough space for it to hit TP before the high of wave 3.

6.Feelings during the trade:
Sl was moved to be at 1R. always feels nice.

7.Comments After Exiting the Trade:
Ended BE. Happy with the trade.

8. DS For this Trade: 1
9. DS Running Total: 8/9 (89% )

 

Batch 3 Trade 9.png

 
 

[immy]

Lovely Trade indeed...

[eaxh]

After this there was a secont entry, but i filtered it, the entry has to be taken abow all the levels and that placed the SL to far away and the risk was to big. 
I saw that the entry was taken on the m1 in the chatroom as s2. Wich make alot of sense. 
maybe setup 1 on s12 is too choppy. 
I'm starting to gravitate to trade on the m1..
Not because the s12 is to quick, but because its easier to read, less noise... 


1. Trade Number: Batch 3 Trade 102. Date/Time: 15/12-2020 8:12

3. Symbol/TF: GER30/ S12

4. Signal Type / Direction : Setup 1 Buy / FOMO entry

 5. Decision making:
M5 and M1 gator was open to the upside.
The s12 created a setup 1


 6.Feelings during the trade:
all criteras for setup 1 was not fullfilled. I call it fomoS1.


 7.Comments After Exiting the Trade:
Wasnt enough momentum for this one.
Dont like when this happens…


 8. DS For this Trade: 0

9. DS Running Total: 8/10 (80% )
 

Batch 3 Trade 10.png

 
 
 

[eaxh]

1. Trade Number: Batch 3 Trade 11
 2. Date/Time: 18/12-2020 8:12

3. Symbol/TF: GER30/ S12

4. Signal Type / Direction : Setup 1 Buy

 5. Decision making:
waltz on m5, scooby on m1 and a setup 1 pattern om s12.
I set the po over the box on m1 to be safer

  6.Feelings during the trade:
i did a silly mistake so the sl was to far away so i changed it

  7.Comments After Exiting the Trade:
got out be.I dont know if i should call it dso or ds1.
i believe i did the best i could according to minimize risk.
But for the t20 stage 1 its probably i ds0

 8. DS For this Trade: 0

9. DS Running Total: 6/11 (73% )
 

Batch 3 trade 11.png

 
 

[eaxh]

Now I'm half into my third batch and I've now gained some insights.

I thought from the beginning that s12 will give me the most opportunities due to waves within waves within waves.
But it also brings more noise and more confusion. It feels a little bit wrong due to that i don't want to be someone who doesn't finish a batch.

But I also want to give myself the best opportunity to develop and feel that s12 might be more in the future when the m1 is moving to fast.
But for now, I don't want it as my number one time frame.
I have to do what I feel is best for me at this point and that is to focus on m5/m1.
when I look at m1 during livetrading so I see a nice clean pullback and it gives me no confusing at all, but the s1 that usually forms on s12 is so confusing.
Maybe I took myself some water over my head when it comes to trading s12 as a complete beginner 

I trade the H1/M1 on forex with almost no confusion at all. 
I understand the fractal geometry for s1.
 

I am going to write a tradingplan with clear rules.

So when the next year starts i will trade pullbacks on m1 (which is the s12 S1)
And s1 on m1 maybe also. 

And then as i get more and more experience i can start with lobot and that is my goal.


That's what I've come up with right now. I look forward to next year
 

[eaxh]

I understand my problem now. And that is that I filter pretty much everything.
It is not because i am afraid to get rented, i understand the probibalistic thing and the randomness. But what i dont want to do is to get rented when i could have avoided it.

I just want to take good setups and have seen everything about how to filter out those that are not as good probability as the good ones.
Which results in me filtering out most of it.
So I was going to take this opportunity to find out if I'm crazy or have actually understood how to filter out trades.
These are both on gold (I know it's not the best on the m1, but I'm thinking about the patterns and structure now)
The first one has gone through my filtering and I think it's a good setup.

While the other didn't really go through, and shouldn't have been taken(that i my thouht) Because it looks like its already done a 3,4,5. But I try to open my minded and not be so perfectionist because on dax when i filter setups that everyone else take it feels like i am missing something. Or thinking about it mutch.

So my question is. Are these 2 both good, or I would have done the right thing to filter the other.
 

FRÅGA 1.png

FRÅGA.png

 
 
 

[immy]

The Two Pictures have a total different story behind it
1. The long was taken when Gold was experiencing some bullish volatility and the trend was CLEARLy up on the hourly chart. Perfect H1/M1 setup.
2. The short was taken on the 22nd, low volatility period, the trend had a massive setup the day before but there was no strong downtrend present.
The Setup on m1 was NOT beautiful setup 1 as you have point it out yourself. You can clearly see that price has hit levels to the left n h1, and m5 is showing a FAKEout ... of the box low which is also the same move you're pointing with black arrow on the m1. So based on this pattern and the Flowchart rules you should have NOT taken this short setup.

The H1/M1 setup = HIGH VOLATILITY = lets take advantage of it by dropping to m1. We are assuming that a Strong Trend Candle on H1 is usually followed by another strong trend candle.

hope this helps.