Emma´s T20 Journal

[eaxh]

News No relevant ones

D1 Sideways
H1 Sideways Wied range 200+ pips (Have some levels inside it as well)
M5 Up Breakoutphase

If it goes up - GO
If it goes down – To to against the M5 i need a reason (bounce at a level or a momentumpush down)PO above the candles. Deleting it.
Waiting now for clear direction. Retest maybe

Trade 6 H1 and M5 – AWESOME. Setup on M1.. less awesome
Managing it according to plan. This setup is taken further from midline so trail !0 ema close or 5 bullish candles.
I see M5 momentum getting slower.
Arrow 1- SL to BE.
Candle closing below 10 ema so i place my SL below it. If i survive it i continue with my exit plan.
Out with BE.

Trade 7 Po above the banana
I am smelling a Btrap. Lets see what it does.
Price hits previous high, start to move sl with 20 ema. When it breaks the high i move sl to BE.
Start to trail candle safter 5 bullish candles. Exit with a small winner.
All according to plan.

Lets see if it manage to break this zone. Sellers are there. But not alot of them.

Arrow 2 – Now its the 4th pullback on m1 and i am not taking it. I am waiting for a possible S1 or S2 to form.
I could also take a short position. For that to happen price needs to go below the OL and pullback. Best scenario would be if it retested it as well.

Trade 8 Immy showed this one on Uk100. Assessed the overall situation and placed a PO above the box. Large spread though.
All according to my plan. Half a risk cause i want to trade dags if a setup arrives.

Trade 9   did not take the S1 on Dax. Box to vide for me . I waited for a poke and then pullback.
It happened and i traded it according to my plan.

Trade 10 Wrong one. Too far up on M5 so i got out at BE. DS0
After this one i am done.

Thursday trades LO 6 7 9 10.png

 

ThursdayTrade 8 UK .png

 

Overall good day. Good traded.
 

[immy]

When it comes to Discipline, I'm there.
What I need to work on is the context.

Have written a small guide to read every day (See previous posts)

-4.1% due to the fact that I have taken good setups (how they look on the M1) in the wrong places.

Results

I have taken 21 trades of which 1 DS0 95% Ds score (fantastic)
Winrate 29% (not as fantastic)
Average winner 0.9%
Avarage loser -0.46%

My thoughts on this. I must say that these statistics for August look skewed. How can it be so much minus when I am so disciplined.
Partly because there are less traders in August and maybe the setups do not work as well.
Another big reason is that I have difficulty judging the context.
To explain it in more detail, I have put these Ds scores based on the setup on M1 and if you look blindly at M1 I am a fantastic trader but it is not enough.
To remedy this and also get in that I should FIRST look at H1 and M5, I will now include the context in my Ds score.
Will specify more clearly in my trading plan.
Brief - M5 range -Ds0. M5 trending- Ds1
The thing with stretched is too difficult to judge with a score because it is so different depending on all situations, it will have it as a discrete thing to judge there and then but it will not affect the Ds score, however the Setup score will have more focus on it and the beauty of the Setup.

Have checked lots of my previous threes and how they look on the H1 and then how they look on the five minute graph.
It has been very instructive and useful.
August is a tough month and my few trades were almost all in the wrong place from a larger perspective.
I bring with me many new insights and more certainty in terms of context.

The fact is that this is my first loser month of the whole year, which is a little difficult for me to take in.
What I am going to do is accept that this happened, take to me all the lessons and insights. And continue.

I went through my trades in August and came to the conclusion that it would have been -2.9% instead if I had taken my profit at the outer band.
I have to get it into my trading plan somehow.
I want the cake and eat it too. It may not work in practice.
I do not want a hard goal at the upper or lower band, but I also do not want to trail 10 ema for happy life and maybe get a loss when I could have got myself a winner at a freebar tex.
I need a guide or some concrete reason to trail freebars. Can it be so simple that when an entry is close to the center line I can trail freebars?

I still have to say that this has been one of the best months when it comes to growing as a trader.
I manage my trades really well and am very disciplined and often calm. When i am in a trade i always knows what to do.
It is the context and outer band/trail freebar-exits that I will work with in the coming months.
 

 

Hi...

Great Post (as usual) and Clearly one that only successful traders can write. Your problems are yours now. But relatable as well. If you know what I mean. You are not stage 1, 2 or even 3. You are Stage 4 and beyond. Which means, consistently profitable trader. Not many like you in the world. You should be proud and build on your success. GET FUNDED if you need more money. pst. 

We all have our own minds and bodies. You have found your strengths and weaknesses and working with them. When it comes to strategies, there are no methods that don't have losing months of weeks. So keep going and don't change a thing. You're doing fantastic. 

7 Winning Months followed by a losing month which was August and we know that DAX volatility has dropped more than half. It has come from so high that I changed my Min SL to 30 to a low when I'm thinking that even 15 SL is too wide. That's the difference. 

KEEP an EYE on ATR60 using ATM M button. And make a note of it in your daily posts. What was Volatility today? say 15 for the first hour. or Was it 5. If you lose more within low volatility , you'll have a clear answer. 

You are THE QUEEN!!! keep going 

cheers 

ps: today , I think you traded too many times. 10 trades? I took 1. but hey, you are better than me now. So I can't say shit.
 

[eaxh]

Friday NEO Nasdaq.png

Nasdaq trade - Patienceproblem-. Was experience some fomo and i saw 3 candle pullback so went for it. not enough pullback. Managaed the trade according to my rules, but still. DS0 -0,4%



Us30 Trade was better. Had a acceptable pullback. Managed as rules sais. Ds1 +0,1%

Friday trade Us30.png

 
Did not have a good feeling about these. On M5 there were wicks... 

[eaxh]

 

Hi...

Great Post (as usual) and Clearly one that only successful traders can write. Your problems are yours now. But relatable as well. If you know what I mean. You are not stage 1, 2 or even 3. You are Stage 4 and beyond. Which means, consistently profitable trader. Not many like you in the world. You should be proud and build on your success. GET FUNDED if you need more money. pst. 

We all have our own minds and bodies. You have found your strengths and weaknesses and working with them. When it comes to strategies, there are no methods that don't have losing months of weeks. So keep going and don't change a thing. You're doing fantastic. 

7 Winning Months followed by a losing month which was August and we know that DAX volatility has dropped more than half. It has come from so high that I changed my Min SL to 30 to a low when I'm thinking that even 15 SL is too wide. That's the difference. 

KEEP an EYE on ATR60 using ATM M button. And make a note of it in your daily posts. What was Volatility today? say 15 for the first hour. or Was it 5. If you lose more within low volatility , you'll have a clear answer. 

You are THE QUEEN!!! keep going 

cheers 

ps: today , I think you traded too many times. 10 trades? I took 1. but hey, you are better than me now. So I can't say shit.
 

 

Hi Immy!
Thank you for the reply.

I will keep going and as you said.... I have to be more causious when it comes to low volatility.

It was 4 trades on dax, but yes they were more than my usual number.
Cheers
 

[immy]

Friday NEO Nasdaq.pngNasdaq trade - Patienceproblem-. Was experience some fomo and i saw 3 candle pullback so went for it. not enough pullback. Managaed the trade according to my rules, but still. DS0 -0,4%



Us30 Trade was better. Had a acceptable pullback. Managed as rules sais. Ds1 +0,1%Friday trade Us30.png 
Did not have a good feeling about these. On M5 there were wicks... 

 

Hey 

My 2 cents if you like 

the US30 trade moved 55 points in your favour, should have banked it or at least half of it. It is NFP after all. 

NAS there was a fundamental mistake. if you trade the NEWS method, please read the NEWS Strategy ebook in the NEWS strategy method. 

But here is the summary: 
You want to see 5 seconds before News Release. Mark that price 
IF price goes away from it, and comes back to it its find, but if it goes in one pip on the other side, then the NEWS Trade is off. 
But anyway, you were not trading news method. you were simply taking yoru pullback entries right? 

IN that case, as you know, you violated the rule of "climactic" price. and then did not wait enough. 

Better luck next time 

cheers 

have a great weekend. 

[immy]

You Can Call this Bit :

FORECAST and PREP

Starting Here >>>>>>>>>

 Some orange Us news in the afternoon.

 D1 Up
H1 Up (Has hit a zone in the morning)
M5 Up Strong

 Tricky today.
In the picture i posted here below i can see that it has broken a wedgeformation. On the other hand it has hit a resistance.
So i have some zones to play inside.
 H1 Senario.png
 

If it goes down – Trade towards the next zone
If it goes up ( based on - It broke the wedge to the upside and retested it twice)
My thinking is that there are 2 types of traders today. The trendlinetraders and the S/R traders.
I have to be careful.
But the trend is up on H1 so that is focus Nr 1.
  Po above the fractal high in the open.
Price drops. I have my order there still. Waiting for the first candle to close on M1.

<<<<< To Here 

The above is a GREAT GREAT GREAT way to prepare yourself for the day ahead. 

 

Great Forecasting Process. Your process is developing day by day, week by week. You're turning into a Professional Trader. 
  
 
 

[eaxh]

News NFP later in the day. Nothing relevant in the morning

FORECAST AND PREP ( Thank you Immy for the suggestion to mark it that way) And Yes i am benefitting alot from it 
 )

D1 Sideways, same as YD.
H1 Sideways Wedge formation
M5 Down (down from FO)

Difficult to assess what the market could do today.
If it goes up – Yd high and overnight high to be aware of.
If it goes down- Overnight low and yd low. Both corresponding with previous levels.

Arrow 1 A setup was there to take right at the open but i did not because it had not cleared a single level at that time.

Failed Boxbreak on M5. Barcode and later a impulsive drop.
It the pullback looks good i´ll take it.
Doubble bottom på M5

TRADING 

Trade 11
Po below the last banana. Sl above LO initially. Wicks so not sure about it.
Arrow 2 Moving Sl to above the box.
Slow market. Still disciplined. Nothing to worry about. As soon at it moves down i can start to trail 20 ema until 10 ema close or i.e free bars.
I am watching M5 to not get stressed over the fluctuations.
Patterntraders and the S/R traders are against each other. Lets see who wins.
Arrow 3 Still no reason to get out.
Move SL to next box when price drops a bit. M1 looks like a mess.
Out with a small rent -0,3% T

he market moves up and clear the High of londin session. Have one more level. So little iffy about the setup on M1. I
f it only is M1 that speaks for the trade i should filter it. PERIOD.
But M5 and M1 speaks for this one. Hmmmmm……. Sooooooo haaaaard

Trade 12
I place a PO.  Triggered by spread. Does not look good for this trade.
And my feed is frosen…. Gets back quick. Should have made the analysis that it would probably be a complex pullback as the one before was more clean looking. Entry to early, but valid.
Failed to make a H.H. No reason to exit for now.
If it goes up i can move my SL to the H.L. If not i dont do anything for now. It went up to the box high so i moved my SL to below the new box low.
Dax is slooow. NFP day so understandeble.
Arrow 4 tighten my SL to below the new box.  
Now i am in a little profit. Will start to trail 20 ema now. Candle almost reached the upper band.
Feed is very laggy.
I sense a change in the momentum ( from whats left of it)
53 minuets into the trade and i am falling asleep. As i an writing this it moves to the upside.
Seems like all the traders went to bed.
Out BE.

Friday trades11 and 12.png

 
Disciplined day


Review of the week

Weekbatch 16 review.png

Okey week resultwise. I have been disciplined and i continue to work on the context bit. 
I am chugging along o good work this week!
The average winner was very low due to all BE trades. but okey.
 
 

[eaxh]

Friday NEO Nasdaq.pngNasdaq trade - Patienceproblem-. Was experience some fomo and i saw 3 candle pullback so went for it. not enough pullback. Managaed the trade according to my rules, but still. DS0 -0,4%



Us30 Trade was better. Had a acceptable pullback. Managed as rules sais. Ds1 +0,1%Friday trade Us30.png 
Did not have a good feeling about these. On M5 there were wicks... 


 

Hey 

My 2 cents if you like 

the US30 trade moved 55 points in your favour, should have banked it or at least half of it. It is NFP after all. 

NAS there was a fundamental mistake. if you trade the NEWS method, please read the NEWS Strategy ebook in the NEWS strategy method. 

But here is the summary: 
You want to see 5 seconds before News Release. Mark that price 
IF price goes away from it, and comes back to it its find, but if it goes in one pip on the other side, then the NEWS Trade is off. 
But anyway, you were not trading news method. you were simply taking yoru pullback entries right? 

IN that case, as you know, you violated the rule of "climactic" price. and then did not wait enough. 

Better luck next time 

cheers 

have a great weekend. 

 

Hi Immy.

Nasdaq was wrong , i realised that quick. 
I like and understand the suggestion to close half.
That is something i have to implement in my trading plan to have as an option in this kinds of situations. 

And yes i maybe should have recorded these trades in my normal journal as they were pullback entries. I wanted to benefit from the volatility after the news. I was to eager to trade and failed that one.

I really value the insights and guidance you provide.
Thank you Thank you Thank you 
 
 

[eaxh]

FORECAST AND PREP

NEWS Nothing at all. US Bank holiday.

D1 Sideways
H1 Up, alot to the left
M5 Up (currently in a pause)
Up from FO

M1 could be in a S1 situation at the open. If so, i´ll will take a long enty above the boxes.

Be aware of the closest level to the left.
If it goes down? Wait untill M5 has changed direction as there is no level at the market where it is right now.Us bank holiday so could be a slow day.

MY THOUGHTS DURING THE SESSION 

Market open to the downside and reacts to a level. Will not place an order there. I´ll wait for the M5 candle to close and wait for clear direction.
m5 is having a KC setup to the upside,
Before it there is a climatic move. If it continues above the levels i might take a long entry.

Price breaks the levels to the left and poke the upper band. I am in hunting mode.
Just did a one candle pause so i did not have a chance to enter.M5 is starting to pull back. Want 2 candle pullback/Pause on M5 before entering.

Thoughts about the day
I could have taken the S2 in the beginning of the session. Not in my riles, because i need a poke. But its two different kinds of entry. 
I am going to refine my tradingplan so id ont miss these perfect S2´s.

Monday 2021-09-06.png

 

[eaxh]

FORECAST AND PREP

NEWS Orange german news at 11:00 After my trading time.

D1 Sideways(YD Half strong move up.
H1 Up (Flagging)
M5 Up.

No trend from FO.If it goes up – GO. Because the trend is up on M5 and H1
If it goes down – Wait for M5 to confirm downtrend.

Iffy situation.
LOW ATR 

THOUGHTS DURING THE SESSION

Lo opens strong below FO.
Very near the Morning low and an H1 level. Iffy.

First candle- HUUUGE wick on M5. I am in waiting mode.Huge rejection from down under. A trade to the upside is okey.
H1 traders might look for longs.

Po above the 2 candle pullback. Moving it to the next candle and then closing it. No follow through.
Risky pending order, but H1 speaked for it.

Finally went down, but went to a zone on H1. Be careful. M5 down so that speaks for it. Okey to trade.

Wicks on both m5 and m1 Po closed.
The level on H1 attracted buyers.

TRADE 1 11:26 S1 sell. Wierd looking one but gives it a try.
Ended in rent.
Arrow 1- When this box formed i could have moved the sl to above that box.

After that my time was up.
okey day

Tuesday trade 1.png