Emma´s T20 Journal

[eaxh]

 

Wow what amount of time and effort you have put in.
Thank you very much. 
 
Will read everything in detail.

[dcheungts]

This morning
D1- up and squeezed even more than yesterday.
H1 had entered a range.
M5 was in a range. 

News today FOMC at 20:00 

The movement just before LO shows that it tries to break the upper level and gets rejected from above.
Had the range marked and had in mind that i dont enter inside the range. i wait.
when it broke the lower level of the range i waited. I want to get in on a valid pullback. 
When it was time for a pullback i first saw that it wass a little to strong. But i also saw that the price went up and restested the box low from premarket. 
I entered with a po below a bearcandle that closed below 20 ema.
Trailed Close above 10.
Felt very good to be disciplined :)Onsdag trade 12 dax.png
 Onsdag trade 12 och 13.png

I am a little uncertain whether i trade the news correct....
Wait for the direction and then wait for the pullback. the pullback was a little to deep perhaps?
 Trade 13 FOMC .png
 
 







 

Hi Ema ,
your Us30 Setup was really risky . Try to use the flow Progress which i send to you .
Always  need at first a Break then  for example  a15M pullback candle  look in PIC 2.

This was the perfect hidden S1 location betwwen 2 trendcandles .
 
If you use 15M for Structure and Trend and 1M for Entry then u would catch the big move in Pic 3.

I use 1597T trendchart and 5M entry chart so i catched the Setup right at Start and was a very big move 245 point move .

If u understand this concept then u really not need the fast scalping . In a day u get such perfect setup 3-4 times !!!!!

Regards
Dennis 
 
 
 
 
 

[eaxh]

D1 up
H1 was trending down.
M5 was down.

I had some levels marked. mostly daily low and highs.
I waited for the break of premarket area. 
There was a signal right after the first M5 candle close. Did not take it due to it bounce right at Frankfurt open. ( arrow)

Then i had the perfect kc signal. it went abow the channel and i hit trail candles. i suck at taking profits. It went up to 2R...
Should i always trail 10 ema perhaps....

After that i waited for M5 to maybe give me a signal. I saw that it rejected the H1 level i had drawed. Wish shpuld have given be a bearish bias. But if looking on m5, I was still thinking in bullish terms...
If i had taken h1 as the primarly signal i would have taken the short trade on m1 after it crossed the emas to the downside, but as i was looking for a long trade i did not see it as an opportunity.

Torsdag trade 14 DAX .png

At neo today i had very limited amount of time. Took the first valid signal on Nasdaq 100 (M1)
Trailed free bars.

Torsdag trade 15.png

Had a disciplined day today. Wath i really need to practice on my exits.
I am a little confused on when to do what. When i take profits outside the channel, it seems to stay above 10 ema and continue. And if i trail 10 ema, it makes me get out with small profit. 

Should i just decide to always trail 10 ema??

 

Thursday 2021-06-17.png

 
 
 

[dcheungts]

D1 up
H1 was trending down.
M5 was down.

I had some levels marked. mostly daily low and highs.
I waited for the break of premarket area. 
There was a signal right after the first M5 candle close. Did not take it due to it bounce right at Frankfurt open. ( arrow)

Then i had the perfect kc signal. it went abow the channel and i hit trail candles. i suck at taking profits. It went up to 2R...
Should i always trail 10 ema perhaps....

After that i waited for M5 to maybe give me a signal. I saw that it rejected the H1 level i had drawed. Wish shpuld have given be a bearish bias. But if looking on m5, I was still thinking in bullish terms...
If i had taken h1 as the primarly signal i would have taken the short trade on m1 after it crossed the emas to the downside, but as i was looking for a long trade i did not see it as an opportunity.
Torsdag trade 14 DAX .png
At neo today i had very limited amount of time. Took the first valid signal on Nasdaq 100 (M1)
Trailed free bars.Torsdag trade 15.png

Had a disciplined day today. Wath i really need to practice on my exits.
I am a little confused on when to do what. When i take profits outside the channel, it seems to stay above 10 ema and continue. And if i trail 10 ema, it makes me get out with small profit. 

Should i just decide to always trail 10 ema??

 Thursday 2021-06-17.png
 
 
 












 

Why u not use the Ext 1.27 and ext. 1. 38 as TP Target ? This is the area usual ends. I show u on the following pic how i handle the trailing.  
This was today my US30 Trade TP Target was FIbo ext 1.27- 138. A 140 Point TP move . 

After Price start to approach Fibo end u need switch to 1M and trail the 1M candle .

But overall your ger30 trade was  not the best place to go in for a homerun . If i trade then i would wait for the real PB and TP the  FIbo ext 1.27- 138 . I show u how i would  go to trade at pic 5
 
 
 
 As u see in PIC 5 look the target TP where its ended  excatly on ext 1.27  !!!!!!
83 point move !!!! 

35 point SL is below the Main Swing 
83 point TP   Ratio ~ 2.37   

Stress free!!!!!   
 
 
 
 
 
 

[dcheungts]

Maybe my Story can help you to improve !

I was in same situation like you and had problem to win consitantly. I need to scalp to ensure my daily income but at the end i find out is very difficult to win each day a Target of % with scalping. At the end i blow everytime my account. Then i had the idea if i split the investment of longer terms and short terms.

Longer terms means i use 5M chart entry and stay inside this day till the trail SL kick me out and this is my daily safe income , This need reach everyday
2%-4%

Then short terms where i can earn pocket money and invest very low 0.5% and Roll over .

At the end i find out the longer terms create more win in % then the Short terms and stress free . And i can never reach this TP % result with scalping.
This week till today i make with long terms  trade 33%   and short terms just reach 14%  ! And this 14% was very hard to earn !!!!

I dont like trade the opens so much because they are too fast and always goto both direction to kill the people. For a few years ago i love to trade the Ger30 only because he move very good during the LO but since i know AIMS and S1 strategy and what im looking for to win money i dont use it anymore. What i need is a stable structure and not the fast moving sprints at open. 

The important thing is that you always have the same Trade action and not according to the current situation . Look all my setups have the same Progress and procedure and is boring ......

But the positive is that i dont need to think about during the placement of the order and i dont worry about loosing !
If you still are in worry after the PO then u really need to think about to change for a stress free methods.    

The Logic behind Setup 1 is perfect  ,because u wait he show u a trend with Wave 3  then the pullback then Entry on wave 5 . 
I think not much ppl really understand this Logic behind and used it in the right way . The ppl try only look at the AO and Alligator
to get the signal to enter but the hint is on the logic and not indicator . As u see i only use Setup1  and have a really high win rate !

Currently u always scalp the wave 3 and you always dont know when he endet this is the reason why i say u trade entry on yesterdays US30 and todays Ger30 are risky . If you use wave 5  as entry u still have wave3  High as indication to protect you .      
 
 
 
 
 
 

[eaxh]

Dax on D1 is moving up steadily in its channel.
H1 is in a wide sideways range. I saw that during the night price has tested a level and got rejected and start moving down so my guess was that today is going to be bearish.

At the open price went sideways a bit but then the lower level was broken and it made a pullback. i entered by using a PO under the clean pullback. 
I had the sl above LO as i was thinking that there is he place i wiöll be proven wrong if it does not continue down. 
It kicked me out and continued my trade without me. 

After that i didi not have more time to look at charts today.

Fredag Trade 16.png

 

I am good at entrys, i suck at exits... 
But i am working on it.

The week ens in the positive side in profits. 68% ds score which is okey but needs improvement. I have a winrate of 62% which feel okey. have to start to trail 10 ema. and only trail candels after 5 consecutive candles maybe?... 

Fredag 2021-06-18.png

 
 

[eaxh]

Today i had an overall good and calm feeling. I was feeling mostly confident and sure of what to do. 
Some small confusions are always there but its getting better.

D1 is still trending up ( marked the levels that are near in time and space)
H1 had a breakoutphase to the downside for two days so a correction might be possible.
M5 was going up from frankfurt open
At Lo it had moved about 100 pips already.

At the open it tried to go up but started to fall down and through the open line and made a nice 2 candle pullback. I placed a po under the candle and the trade went as planned. Started to trail free bars. The thing here is that i want to trail 10 ema or trail candles when it is stretched. This was going nicely down. no need to trail candles at the moment.

It was getting closer to FO and i was thinking that i dont trade in this area. but at the same time it was LO and it can just continue to move down more. At first i had a PO under the cherry. Cancelled it at it continue to the upside. When the candle with the arrow on was printed i placed a po under it. Wanted to catch another possible push. 
Was rent.
I have alot of these "same looking setups" that always fails but i cant find the sign.... the specific thing that i can use to filter them.

The third trade is just perfect. No words needed.
It broke through the ol and retested it beautifully 
 

Måndag Trade1 2 3 LO DAX .png

 

Monday 2021-06-21.png

 
 
 

[eaxh]

Todays status- headache but was feeling mentally good and calm. I am getting more and more sure about what condition i want the market to be in before i search for a trade. 
And i think that is the key for me to stay away from shitty markets. Because that is one of my problems.

To look for setups after i have decided that the conditions are right instead of what i have been doing mostly and that is... to see a peeerfect pullback and then decide if the market is good overall for thhat pullback. 

D1 has probably entered sideways market. Marking near relevant levels.
H1 YD was up and during night there wass a doubletop. so might go down.
M5 is down from FO
My first trade today was right after LO. Good one and good managed. all godd

Efter that m5 started to pullback so i waited for a reversal or continuatuon of the trend.

At 10:40 i saw an KC setup on m5.
As m5 was starting to go down again i was in LookingorATradeMode

I entred with a Po under the last pullback candle and trailed candles after 5 black candles.

So calm and a very good day.

Tisday trade 4 och 5 LO dax.png

 

Tisdag 2021-06-22.png

 

 
 

[immy]

I love number 4 and 5 trades. specially the 5. Number 5 is such a clever trade. early entry ... of course number 4 is the one we ought to take over and over and over again.

[eaxh]

Today i had a limited amount of time to trade so lucky for me that i had a setup to take.


At LO i saw the price went up and got rejected immediately and price came down under the open line. There was an opportunity to go short but the time i was hesitated, it moved without me. And i did not want to just jump in because it had cost me money before so i waited. 
SHOULD HAVE GONE SHORT. I should NOT hesitate.

Then i was glad to see another chance to ho short. After 5 black candles i hit candletrail and the exit was on point

I finally trade the way i want and plan to. 

After that i had to leave.
 
 

Onsdag 2021-06-23.png

Onsdag Trade 6 LO.png