Pedro's Journal !

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Setup overnight, kicked out.

[immy]

Hey Peds..


Had it dropped like UCAD yesterday, then perhaps everyone would be congratulating you. And as you and I know those are nativities we have all enjoyed in our time. The real question, of course always is, was this a setup. And we know that if you were doing your Stage 1, discipline training, perhaps its NOT a setup 1. So, when and if you asked what was wrong with the setup... the usual reply to a T20 volunteer would be, well nothing much.. just that tiny little thing that its not Setup 1. (no cross of ZL) no touch of purple, ... but by the rules of eWH it was going into a 5.

(bit sarcastic, nah just joking) so nothing wrong there tbh... personally I did not like it. due to situations today, and the extended down move on this pair etc etc. But for you, as a "veteran" trader, perhaps you should be asking different questions. only you know it better... At stage 3, i.e. with 5 batches of T20 and some hunting under your belt, you are , or theoretically one should be, very close to understanding their self, their trading style. Again, if we were to do systematic 100% objective trading, then perhaps it would all be automated. But is that really possible? I don't know. However, I know that as long as you keep trading the correct setups, you will , in the longer term, accumulate profits that will exceed the sum total of your losses.

onward we march... Happy Spring Holidays everyone ...

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Thanks for the feedback, I am aware it is not THE setup 1, but then again Im following my plan and customized the entries quite a bit, I do try to warn everyone that Im not strictly doing the stage 1 Setup, unfortunately there's always someone who tries to copy others entries, and that is not the point, discipline first, after that learn variety, discipline again, then customize. Thats my plan and I work on it, every new kind of entry, I do t20 batches to test it, then take what I leaned or scrap it, Ultimately I want to achieve my own method, but the Setup1 following flowchart rules is the one I never dropped and it has always been successful. So if anyone reads this, dont strictly copy others methods, follow the plan for beginners and dont skip the stages, that is the path to success!
Happy Holidays everyone!

[immy]

A short concise accurate post. I love it. MUST READ

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Cherry - Trailing bars when tz1a hit

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Setup - Trail bars after big move.

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Cherry ft + be

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Cherry trailed bars during speech

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Setup - Touched sl to BE exit BE

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Setup - sl to trigger candle to reduce loss