Emma´s T20 Journal

[eaxh]

26.01.2022_15.58.41_REC pic 1 NEO.png

  

26.01.2022_16.18.31_REC pic 2 neo.png

 One thing that is getting clearer and clearer for me as i progress is that i dont need alot of trades. I need to trade the very best ones.I feel that its easier to filter trades and i do that objectivly. Not because i am scared. Sometimes i am confused and then its best to let the trade go.
And by doing that i make sure that i have an edge.

[eaxh]

FORECAST AND PREP
NEWS Red USD news at 14:30. Will check in 1 h before NEO to see if there is something interesting.
D1 Wide range
H1 Range (or sideways.)
M5 Range from FO
  

27.01.2022_09.13.18_REC thursday pic 1 lo.png

  

27.01.2022_09.43.40_REC pic 2 LO.png

 
 

27.01.2022_09.53.41_REC pic 3.png

 
 
 
Its a little confused day today. Its moving. Is moving slow. Its channeling.

So my confusion is mostly fomo. I will have to wait for some kind of reset/ fresh phase and then go from there.
I missed the move today based on filering as i didn´t was sure about the market. Its waking up some bad feeling to not have taken some profits even
thoug it moved and signaled. But at the same time it was hard to trade those signal as the markes was slow and the most of the time when the market
is slow it will not be beneficial for me as i usually gets stuck in shitty markets by doing so.



This morning session is gone and thats okey.
NEXT SESSION!!

27.01.2022_10.03.44_REC FINAL PIC lo.png

 
 

[eaxh]

NEO

I tried to catch the momentum that could follow after the new. 
Unfortunatley the market (today) was in an overall bullish state but a BE is a winner. 
 

27.01.2022_14.40.01_REC NEO trade 11.png

 
 
The us indices has been going up steady all day long.  Lets see that the open brings. 

27.01.2022_15.49.31_REC neo pic.png

 
 

27.01.2022_15.52.13_REC neo trade 12.png

 
In hindsight… was it fomo?

lets analyse.

first or second pullback? Yes

impuls? Yes
Pullback? Yes.

signal? Yes.


is the impuls climatic? No i would not call it that.

the move as a whole is a bit up there. So there in lies the iffyness.
I took the fakeout of the channel which has an opposite edge. 

this is one of the reasons i dont take the second pullback. I just analyze the shiet out of it.

I just have the feeling that it was not good. 
And its the feeling i want gone and therefore i need to asses if it was valid but not the best or if i had a total blackout and just traded the isolated
pattern of the pullback.



However...
I will stop trading now for today.
 

[eaxh]

FORECAST AND PREP
NEWS no relevant news.
D1 Wide range
H1 range
M5 range
THOUGHTS AND TRADES
 

28.01.2022_09.30.33_REC pic 1 lo.png

 
Disciplined and objective so far. I am just taking my signals.
 

28.01.2022_09.44.51_REC pic 2.png

 
 
Today i feel impatient. Have the feeling that it is getting too slow. I want to look at other markets.

I am not going to!! I trade dax and i wait for my setups!!
 
I placed a trade on UJ today (on the FX account). There was a signal on m5 after a TC on H1. It was valid. But one question concerned me. The
climatic one...and it was climatic. or rather it just SCREAMES THAT THE MOVE IS GONE!!!!!!!
It was a loss.

This is not good for the mindset.

I attach the pic of it.

trade 6.png

 
 
 
 
 

28.01.2022_10.02.16_REC pic 3.png

 
  

28.01.2022_10.09.51_REC pic 3.png

 
Signal came but cancelled right away.

28.01.2022_10.40.58_REC last pic lo.png

 
 
 

[eaxh]

NEO
 News 1H prior NEO.

 Nas is making a good impuls followed by a pullback. I am in. Sl at BE now. I am calm.
 

28.01.2022_14.42.26_REC Trade 13.png

 

2 R is hit.
 

28.01.2022_15.49.52_REC trade 14.png

 I am feeling it.

Its a Ds1 so thats all i need to think of!!
 Ended BE.


Great week.

Monthly review is posted during the weekend. 
 
 

[eaxh]

Monthly review. A brutally honest one with no common thread and order as usual 
 
 

RESULTAT JANUARI.png

 

I have been focusing alot more of levels and channel lines that i have to to make profits.
I have the urge to control  that no level or anything that talks against the trade are there.

To be safe i guess. To make the probability of success as high as possible.

Thoughts like that is not wrong, but it creates one problem.

The problem of taking PERFECT trades.
There is no perfect trade. The edge is not 100 or 0 %. The levels are not hard concrete walls that always make the price bounce or take forever to get
through.

Levels that been tested more than once in the near future is good to mark but they are still not made of concrete. And they dont last forever. I can
trade if m5 is in a wide sideways market, as long as there are room and the pattern is correct and the market has room to trend inside the range.



I will mark range low and highs OF COURSE. They are 100% filterlines.

I dont trade inside M1 channels AND OF COURSE NOT WHEN M1 IS IN A RANGE NIETHER.That is not where my trading edge exists.

In backtesting we dont look at S/R. The rules of how the aestatics of the pullback is ENOUGH.
First or perhaps second pullback. I can have a rule that say i can take the second if i have taken the first one and if that one was successful.

I dont need more filters than that. ( Range is a filter of course)
I LOVE backtesting. I dont look at levels ( just the recent ones and major range H and L of the HTF) and its effortless and the result is stunning!!!

I an working toward making the live session more like that.
If M5 hat a TC, that is a good guide but not a rule.

I can treat it as H1/m5 but with M5/M1.

 
I have been disciplined and very choosy with my trades, which is well done.

I will continue with my daily routine as i do now. I go through the charts everyday after. Look at my trades and see how they look on M5. I look if i have missed a trade. I also see if i see the trades different now than in live trading.

 I see that i put too much effort in my thinking process in live trading to eliminate risk.
The simple answer is.
The best objective rules for me is the cuteness ( the 4 rules) and not to late in a trend and also not in a range.

 
TRADE THE CUTE SETUPS WHEN M1 IS NOT IN A RANGE and has cleared the recent high and lows to the left.
WHICH ALSO MEANS THAT M5 COULD NOT BE IN A TIGHT RANGE.

And the answer to what my problem is…. FEAR…..
Fear of losing money. Fear of that my fear will take over and that i dont notice that.

And i HATE HATE HATE the feeling of being confused. When i think… overthink and think again to end up even more confused because i check
everything that could talk against or for the trade.
 
I am impatient as well. I want the result to come quicker.

I have taken trades with 0,5% risk and the 14 trades i have gained 2,2%. Risking 1 % would
generate +4,4% and that is exactly as the strategy will bring.

My problem is also that when i have losing trades i also lose my mindset. THAT is the thing i will work on.

 
 
The statistics are what they should be. My Ds score is good.

So i just need to continue to do what i do. Slowly i will be more and more confident and the fear an hasitation will get smaller.
 

I am looking forward to next month.






 
 

[eaxh]

This kind of objectivity is what i strives for!!
Its so freakin easy 
 
of course i know that its is only 3 days so i can not use this as a backtesting. I just want to post where my trades are and how they look on m5.

I want to do this as a routine.

03 M1.png

 

03 M5.png

 

04 jan m1.png

 

04 jan m5.png

 

05 jan m1.png

 

05 jan m5.png

 

[eaxh]

I count this day to FEBRUARY

FORECAST AND PREP
 NEWS No relevant
D1 Wide range
H1 range
M5 Tight range (Wedge)
 
THOUGHTS AND TRADES


Trade 1.

Pattern of the trade is correct. BUT and there is a big BUT. It did nlt brake the low to the left. So i will journal this as a Ds0.
 
Trade 2.

Broke the level to the left with a cute setup.

I had the start of premarket to the left. It went up there and my sl was brought to BE. It turned arount there and ended be.



 
 

Monday pic 1 trade 1 and 2.png

 
 
Will now wait for my levels to be broken.
 
Breaks with a TC on M5
 
Trade 3.
Have a sooo shitty feeling about this one.
It slipped. I am placing SL at BE where it should have been if i was not slipped.
Hits 2 R.
 

31.01.2022_09.58.19_REC monday Trade 3.png

 
 

pic 4.png

 
 


 
 
FILTERED SIGNALS!!
Filtered 1
no impuls, inside all. Not absolutley not valid.

Filtered 2 and 3
3rd pullback. Needs a reset. Also not cute.

Filtered 4
Not cute. Impulsive pullback so not valid.

Filtered 5
I did not want to filter this one . i hesitated and did not have the chance to put in an order before it was already gone…. 2R missed.
Why did a hesitated? Seed and is it climatic? However… its gone.


Random thoughts
With this ”new” or easier way to look at the market i am going to CURE my fear of taking trades and also cure the bad feeling i have when i am in a
trade. NO sigle trade will ruin my life or account.

I have a feeling of that when i take a losing trade i will never make it. And i am question the trade. The problem is that ”that feeling” is the feeling
that stops me from taking the good trades. The ones that are Ds1.

I will target 80% Ds score and that will make me less iffy and less hard on myself and on the rules and guidelines.

The signals has a positive edge with NO FILTER AT ALL. So with the cuteness ”4 rules” filter and the break of highs i cant lose.
I want and i will get rid of the perfectionist inside me that ruins my trading.

Will attend at NEO 



 
 
 

[Darren]

What a great review - consistent as always!!! 
 
 

[eaxh]

NEO!
 Have marked the most relevant levels on HTF and also the most recent swings. Now waiting for the open.
I am keeping in mind that us open could be crazy. I dont need to stress anything. Wait for clear market.

 

31.01.2022_15.32.34_REC neo pic 1.png

  Trade 4. NAS

A good pullback. A bit large candle. We will see ig 2R is hit or i fits a BE. Its a Ds1 and that is all that matters.It almost hits 2 R and then stops. We will see what happens. I will keep my management. Its a Ds1!! BE
 

31.01.2022_15.50.54_REC NEO trade 4.png

 
 Trade 5. DOW
 A good setup. Rent.

 

31.01.2022_16.04.29_REC Neo Trade 5.png

 
 

31.01.2022_16.18.13_REC monday NEO last pic.png

 


My feelings druing this session is like screwed is up. Fomo is here. I traded 2 valid setups and that is enough!!  Today they were a rent and a BE, next time 2 winners, 2 BE or any random outcome.
I did Ds1!!!


Took this final trade. The trade itself Ds1. The fact that i did not have any profits from this session, made it a bit risky. 

 

31.01.2022_16.27.48_REC Monday TRADE 6.png