Pedro's Journal !

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18: Setup Box Trail
19: Setup addon BE

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20: Setup Rent (TZ1 had room when I placed po)
1: Setup trail candle (should trail box instead)

Think the second one was heavily influentiated by first rent, as in reversing position.

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20 Trades Taken
2 cherry / 1 apple / 17 setups

Around 10% profit based on account equity (tiny account)
1 big mistake taking a news breakout, against purple, etc..
Some rents due to PO placed too soon on w4 sideways whip.
Seems like my favorites are setups into W5 which I spot easily,
Rarely see Hunt signals or they are inside the setup anyways so end up not trading them.
Apples don't look very good, don't feel right, Think I need some apple intensive training to feel confidence taking them.

Need to "improve" my exits, mostly been doing box or candle trail depending on how strong the breakout is. Since TZ1 isnt hit very often need to create more specific rules on which exit to use.

[immy]

my 2 cents...

Trade the setups that YOU are most comfortable with. Trust me there are times when I feel like "apple" is not for me. then after a while, i see some apple setups and I jump with excitement. So see how it goes. I think Setup 1 in to Wave 5 is THE SETUP .... Love it...

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Setup 2R - 5 of 5- scooby with no divergence.

[immy]

smashingly fantastic.... as long as you keep recording them trades, you'll stay on track. keep going.... no change required... tis Working

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Cherry 2R : Took the smaller signal for better R:R but could easily take setup as well.
Setup BE :maybe shouldnt use BE settings? this clearly will drop further.

[immy]

this obviously is a Low Risk and High reward method. Yes, you got out early and yes it dropped from there but who cares. You are catching 2R's on a regular basis. When applied to H1 and above ,2R is nthing. as you know, GU has produced 30R trading only pure Seeds... all the best

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Setup Rent - wrong direction
Setup Trailing Candles, bad entry,too soon, exit signals right after.

[immy]

Hey pedro, you only ignored about 5 exit signals on that long? is that your idea of letting them run?