Emma´s T20 Journal

[eaxh]

FORECAST AND PREP
 NEWS Red US news at 14:15 and 16:00, Red GBP news at 15:00
 DAXY
D1 Very wide and irregular range
H1 range of 450 pips so can trade inside it if it sets up
M5 in a range from fo.
I have a 100 pips gap to the downside on my feed.
Lets see what happens in the open.

  FX

Watching EU. If it closes below the level to the left i am zooming in on M5 for an entry.

Nothing on GU and UJ at the morning

In DECEMBER i am testing 0,5% trades.
  
THOUGHTS AND TRADES 
DAX

Goes down but is not setting up. Now i am just waiting
 
After 1,5 H of waiting i look at the chrts and see a signal on M1 with a continuation, I look at M5 and see a 2 so i am placing a PO and gets triggered fast.

Trade 1
Goes to BE fast. +1%
 NEO
Dow is in a very defined range on M5 of about 100 pips.

Trade 1.png

 
Nas is alot messier.

We will see what happens at the open,
At the open, borh indices starts to go down. I have a level on nas below and dow it not out of the range yet. Will have to wait.

DOW below support now.
II did not trade DOW. It went up too fast too far for me.


 TRADE 2

I place one trade to the downside on nas. Valid but not the best one. There were wicks and could have been filered based on that. But Ds1.
It rented.

 TRADE 3


After a while nas went up and above the openline and pulled back. I went long and it was a BE trade.
Ds1

Trade 2 and 3.png

 

Total +0,5%

Totally according to plan.

I feel calm trading half size
 

[eaxh]

FORECAST AND PREP
 NEWS Opec meetings all day
 D1 same levels as YD. Sideways
 H1 Sideways
 M5 sligtly down but range.


 THOUGHTS AND TRADES DAX
Trade 4 was a LOBOT attempt. Good one. BE

Trade 5

Placed a trade.
I saw it as a new start or a place that the price gould take off from because of new potentiell place of a move up.
I read it completely wrong.
Its the third pullback.
I will print it out and have as an example of what not to do.

Trade 4 and 5.png

  I am feeling confused now. In this state i will not make good descisions.
So i am taking a break. There is nothing on FX this hour.
Will check in in an hour.

SAME ON DAX

 FX


Everything is moving. false alarm.
Checking it  it.Nothing on FX today. Besides GU that made a bullish TC  but m5 did not set up.
 Descicion is made.
I will trade DAX on M5!
DEAL

 NEO.Trade 6.
 Placed a good trade on NAS.I usually dont take these signals. This one had a good rejection from a tested level and therefore i saw the move down as the new direction, not the pullback of the higher timeframe.
Makes sense to me.

Trade 6.png

 I think i now have the missing piece in my trading.
I sometimes get VERY confused. I know to not trade in that state so thats good.
Like trade 5 today. I had tunnelvision on the fact that it had went through the openline and retested it. I forgot the phases, i forgot that in was just a deep pullback on M5.Later during the day i think i had an AHA moment. THE RANGE WAS MISSING!
Well it was the third pullback so it was not good anyway but i think something else clicked.I have not seen the difference on when to take a signal against M5 and  when not to. I just dont see the difference. Its embarrassing to admit that i have been blind.

Now i think i see it. Its the range that needs to form. And THEN a impuls and pullback.
I have been focusing to much on the averages and the signals that i have placed the phases in the back somewhere.At the open or anything actually. When its in a range, trade the pullback after the break and maybe one more pullback. BUT THEN STOP. I dont have to trade the ups and the downs, i just need one good trade (DS1, outcome is random) in the direction of the breakout or trend of the HTF.


 The most important lesson today.
If i am feeling insecure, its usually because i should not look for a trade now.
I have to wait for a range or for the HTF to do a pullback.
And thats it. Because when that happens i have a starting point, like a reset.

When i do that it is SO EASY to trade.
And it should be easy. Its me that messes it up sometimes.I am a trader. That is a person who is making money from trading. Not a person who is trading all day long. An investor does not sit and invest all day long….

I am a waiting person. Need to settle with it more than i am today.

 That was the chatter of today.

[eaxh]

FORECAST AND PREP
 NEWS
 RED GBP news at 12:00
 NFP day. 14:30 and ISM at 16:00 and also tentative – Currency report.

Alot of going on. I wont trade FX on H1 today. And check in at 14:30.
D1 range. Not defined, very messsy
H1 ca 400 pips range. Can trade inside it.
M5 FX
 Watching EU and UJ on M5. FO candle was a TC outside the level to the left.

 TRADE 1 on FX H1/M5 acc

Eu M5 prints a Bearish 3. And it triggers on the next candle.
GU left without a signal. It also had a TC, but it had levels to the left.THOUGHTS AND TRADES
 Dax fist candle is a trend candle from the high of the range. IF i get a signal to go short i am taking it.
Dax is now doing a pullback, But the first pullback cndle is a bit to bullish. So lets see it the next candle closes below the EMAs. Its to bullish. GONE!

TRADE 7

Trade 7.png

 


The pullback did not go furter up. It went sideways and then made a signal. A number 1.
I must admit that i did not really liked it. But it was a TC on H1 so i took it.
It did 2 R. So yeey


Week review
The  week started with hitting the DD two days in a row. 
That did not feel good at all. 
Thats when i made the discicion that i have been thinking alot on. I started to trade with 0,5% risk. 
And that was a great desicion. I feel more calm.
Now its nearly IMPOSSIBLE for me to loose my Funded account. Wiie 

I am crawling my way up from my drawdown that happened in the start of the week. 
So all in all -2% this week.
First -2,-2,+0,5,+0,5,+1 = -2%
And it feel okey, i am in for the long run so no need to rush it. 

I also made another change in my trading. 
I dont trade DAX on M1 anymore. It makes me loose more than i gain on it. So H1/M5 on DAX and FX in the morning and then a afternoon session on Nas and dow. On those i am allowed to go in on M1. 

 

[immy]

I enjoy reading your posts more than the dozens of youtube videos that get uploaded by the channels that I follow or find interesting. you'rs is the work of a practitioner at work... getting better, "getting those "one good trade" in , over and over... Mike Bellafiore's book the One Good Trade comes to mind.... followed by another great book "The playbook". (smb capital) keep it up!

[eaxh]

I enjoy reading your posts more than the dozens of youtube videos that get uploaded by the channels that I follow or find interesting. you'rs is the work of a practitioner at work... getting better, "getting those "one good trade" in , over and over... Mike Bellafiore's book the One Good Trade comes to mind.... followed by another great book "The playbook". (smb capital) keep it up!

 

That was very beautiful words 
 
Thank you

[eaxh]

Monday 2021-12-06
 FORECAST AND PREP
 NEWS Red GBP news at 12:00
 D1 Range
 H1 Wide range ca 500 pips
 M5 Up.
 FX

 Nothing on FX so far.
GU had a trend candle but M5 was too climatic and there were a level as well so not taken.

 THOUGHTS AND TRADES
 I feel the temptation to Drop down on Dax M1. But i am not doing it. I have legit reasons not to.Time is 11:00 and dax has finally made itself out of its range.

 TRADE 8

Dax has a TC on H1. I am checking in on M5 for a short signal.
’A short signal appeared and i placed a PO.
Ds1
+2R
 

Trade 8.png

  NEO
 I have marked levels and everything is ready for NEO.
Nas has moved up with 160 pips the last 3 to 4 hours…. Its a little to much up in the air.Nas dropped 200 pips… need a reset now…
TRADE 9

Payed a rent on Dow. I saw it as valid, The signal was to big.. AND Immy showed with picture. The pattern was just wrong.
The tho candels before the signal combined is a pinnbar.I am on M5 now.


TRADE 10
It starts to move and i look on M1. Finds a signal and go long. BE.
Ds1
 

Trade 9 and 10.png

  

2021-12-06 Picture NAS.png

 I need to start drawing the phases. I forget that….Day is over.
I am happy with the day.

 

[eaxh]

Tuesday 2021-12-07

Today i was uptaken in the morning so only NEO today.
 FORECAST AND PREP
 NEWS nothing relevant
 Nas and dow
  THOUGHTS AND TRADES
 TRADE 11
 I managed to stay out of the messy Us upen. I waited for a clean signal. 
It happened on Dow and i got in with confident and got out with BE.
Ds1

Trade 11.png

 

Trade 11 M5.png

 


Its an awesome feeling to be so sure about what is my setup.
M1 has messed up my head without me wanting to admitt it.I have been rushing it and i have felt the need to trade alot. And if i dont i down make it.
Now its different. I dont need to rush it I am on M5 now after H1 had a TC.
It just went and went 

07.12.2021_16.18.20_REC Dow TC.png

 

 I am not feeling the need to go down to M1.

Great tradingday and great descisions made.

 
 

[eaxh]

Wednesday 2021-12-08
 FORECAST AND PREP
 NEWS  Red US news at 1:00
 D1 up
 H1up
 M5 down
 THOUGHTS AND TRADES
 Trade 12
 Payed a rent on UJ. Was a little prematurely setup but valid…( re-assessed it as a ds0) there was no TC.. i just try to tweek the rules to look good.
In backtesting this would not have been consider because the TC on H1 was not there. But strongly moving so nothing wrong with the setup itself.This is the reason why we look for a TC. To not trade setups like this one..

Trade 12.png

 Trade 13

At 13:00 TC on US30 and DAX
Zoomin in on M5.
Valid signal but not the cutest one….No signal right away. I will monitor it for a while.At this point i am down 0,85% for the day on the main account.

Trade 13.png

 On FX account.

At 16:00 EU have a TC on H1, but m5 is in a channel that is contacting so i am monitoring it for a siderways move and then we will see what happens.
On m5 its not  setup to take. I am dropping to M15 instead. 15 had a signal so i am in it
Ds1.
+2R

  NEO
 I have Nas and Dow infront of me.

Nas had a very strong day YD and hade done 3 pullbacks on H1 so a slow or perhaps a downday…

Dow has alot of levels to the left.

I am waiting for the open to happen.
 No setup yet. Both are inside ranges on M5.
 Dow is breaking the range to the downside…

I am watching on M1 for a trade to the downside.

A break and retest perhaps?

It prints a 1. A little on the large side but dow can move…

GONE
It was a little too deep pullback for my signals. Too bad..
No setup.
  Day is over.
I am not happy about my brainfart this morning on UJ.
But i am moving on

[eaxh]

FORECAST AND PREP
 NEWS Nothing relevant
 D1 Up within a wide range    
 H1 Range in an overall uptrend (S1)
 M5 Up.
 THOUGHTS AND TRADES
 If it sets up at LO i will take it. Did not happen.
 

09.12.2021_19.23.00_REC Lo session.png

 I missed a winning setup to the downside on Nas M15. I am feeling it.
 FX. (FX account)I placed a sh*t trade on UJ…. Did not pay attention before LO but it made another pullback and set up.
Its the second pullback so its okey. But not really the setup i am after…
Its a sideways market.


I am dissapointed… I forgot. Had TC- tunnelvision…
 GU is moving outside the range. Still has a level to the left. Lets see how the candle closes.
No TC.

 EU had a TC after a slow market on H1. I dropped down to M5 and saw a signal and jumped in. It became a riskfree trade and i entered a second trade as well. Both hit 2R.

Trade 5 and 6.png

 


NEO
No trade... inside the same range as all day so nothing to trade at the open.

 
 

[eaxh]

FORECAST AND PREPNEWS 14: 30 Red USD News
 DAX | NAS | DOW
 D1 Range|Range | Range
 H1 Bear channel | Tight range in a down trend |Range
 M5 Wierd, no trend | Range | Range ( not defined )

No trades taken today...

I was disciplined and followed the rules so all good

This week ends with a small profit on the Index account and +2,5% on the FX account.
I am happy with the week