Emma´s T20 Journal

[eaxh]

Today i didnt trade. I watched the market closely and was observing. saw that h1 was in a sliw correctionwave and the momentum on s12 was probably going to be low at tidays london open.
And as i thought, not much momentum on the lower timeframes. Is stuck inside the premarket range for a while. 
Breaks out, but becouse of the low momentum the spread was to big on s12. 

So back for it tomorrow


 

Hi Emma

That is some pro-level analysis... Keep it up. that's what it is. We don't trade every day just for the sake of it. 
Now I know there are pro's who can find a stock or two to trade nearly every day but even they have bad and good days. 
Your analysis was spot on. First thing for a day trader is to "sense" volatility. If you can't do that, trend analysis will not help as much. 
We, as day traders, want to know Volatility, the momentum and those two will create THE TREND. 
 

cheers 

 

Hi Immy!

I am really appreciating that lovely feedback
I have been studying really hard. reading all the books of bill williams, mark douglas and spended probably houndred of hours watching your videos to learn and understand things.

So this comment put a big smile on my face

No its just to put in more hard work.

Kind Regards

Emma 

[eaxh]

Now i am about 2 month into my practical learning in trading. And i will write a little more detailed thoughts so i can go back in a couple of months to see how i progress.

7.46 (premarket)
s12 is in a new wave 3 of the wave 5 of m1, in the wave 3 on m1 ( wich continued during the first hour of LO)

At lo i see a fractal breakout.
later in the wave i see a cherry , but kind of late in the wave.
8:07 i see a setup 2.
8:09 i see a lovely cherry.
8:18 i see a seed.
8.39 i saw a setup 1 that would have been profitable, but it had already showed divergence so i filtered it.

All off these would have been profitable.
So my imaginary liveaccount had a lovely day.

I have noticed that when the momentum is very strong th es12 dont have "time" to make tight boxes whit a blue or red dot, it moore often creates setups 2´s.

My t20 trainingaccount didnt moove. Because these is not my setups.
So ds1 for not trading.

As writing this m1 is in some kind of 4th wave, and the wave 3 was approx 70 candels so i will see if it breaks out in a wave 5 during my tradingtime or not.

Days like this is extremely full of opportunitys so se setups before they becomes winners or losers. To see them form out in Real time is really valuble for me.
when i see a chart after the trade it becomes so obvious and I validate och unvalid the signal based on the outcome, But that doesnt help me see the pattern that i am going to trade.


 

[immy]

1. Trade Number: Batch 2 trade 4
2. Date/Time: 18/9-2020 8:47
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 Buy

5. Decision making:
Very tight box, sleeping gator , close to zeroline. Impulswave and a pullback within 40-96 candels.
Placed PO
6.Feelings during the trade:
Its a Ds1 and i should not make it a ds0 by closing it or move stoploss och target.
It´s very tempting though.
7.Comments After Exiting the Trade: It was a Ds1. Should i have taken it if i didnt do the t20?. No because it was most probably the end of wave 4 on m1.
This is what i have a problem with.

Should i take trade like this when my mind screames dont do it! because it is according to the T20 rules. Impuls,pullback, ctzl, Sleeeping gator and tight box.
It is this that is the thing you should accieve of T20? To just do what the rules says? Even if i know more and most probably would filtered this if it was a live account?


8. DS For this Trade: 1 ( re-evaluate this trade to DS0) It was my wantingtotrade-mind who made an error.
9. DS Running Total: 3/4 (75% )



b2 t4.png

 

The Answer has Finally Arrived 

[eaxh]

1. Trade Number: Batch 2 trade 4
2. Date/Time: 18/9-2020 8:47
3. Symbol/TF: GER30/ S12
4. Signal Type / Direction : Setup 1 Buy

5. Decision making:
Very tight box, sleeping gator , close to zeroline. Impulswave and a pullback within 40-96 candels.
Placed PO
6.Feelings during the trade:
Its a Ds1 and i should not make it a ds0 by closing it or move stoploss och target.
It´s very tempting though.
7.Comments After Exiting the Trade: It was a Ds1. Should i have taken it if i didnt do the t20?. No because it was most probably the end of wave 4 on m1.
This is what i have a problem with.

Should i take trade like this when my mind screames dont do it! because it is according to the T20 rules. Impuls,pullback, ctzl, Sleeeping gator and tight box.
It is this that is the thing you should accieve of T20? To just do what the rules says? Even if i know more and most probably would filtered this if it was a live account?


8. DS For this Trade: 1 ( re-evaluate this trade to DS0) It was my wantingtotrade-mind who made an error.
9. DS Running Total: 3/4 (75% )



b2 t4.png


 

The Answer has Finally Arrived 



 

This is a VERY helpfull video!

thank you

This trade was really an eye-opener and i now can catch myself before i make that error again.

And i still took another one like this some days ago

so now its time to Only take ds1's And if i make a ds0 it would not be this mistake .


thanks again!!

 

[eaxh]

Hello Future Emma who is a professional trader 
 
Here are my thought´s during todays Session.

It was a wery intresting session and i learnt alot. I´m training myself to see levels and to see candels and what they tell me about what the price is going.
Lo open, breaks the premarket range right at the first candle. Se a waltz (if i have understand it right) that gives 2 R right away. Then it reacts to an important level and goes down. 
8.03 setup 1 to big box. then it creates a smaller pox but goes down.  (very unclean pullback on M1)
8:10 i se a cherry, but M5 and M1 are both showing bearish signals.

Then its very up and down.

8.22 seed, but over the previous swing low, so a unvalid one.
Then m1 is testing the 61.8 retracement. So cool to see all the levels being testen, often exaktly at the levels. 
The price is meeting buyers right at Lo-line.
Then the price goes down and breaks the retracementline with a bearish candle.
8.38 is stuck in a range.
Then it braks Lo and show bullish candels with tails. wait and see if it breaks or if it is a fakeout. 
8.45 creates a setup 2, BUT 3-3 situation and mor of a pause than a pullback on m1)

Then the price is a nontradeble situation. ( or its been that for the whole session)

9.34 Some bigger candels are showing.
some cherrys but still alot of levels to the left. are these low probability ones because of the levels to the left or are they high probability because of the hight probability of the price going up and reacting to those levels?

After this it goes down and test the lo-line and bounce on the purple.
Goes up and then goes down and bounce exaktly at le Purple again.

[immy]

tip: should have added screenshots to the last post... with annotations...

[eaxh]

tip: should have added screenshots to the last post... with annotations...

 

Thank you,  That's a very Good tip!

Will  do that in the future

[eaxh]

Today before Lo i didn´t see a clear trend on any of the timeframes.
I have markt the levels thats relevent for this session, yesterdays, overnight and premarket highs and lows.
Based on what i see on M1 and M5 i can assume that the price will go up. But i will prepare for whatever it will do.

At Lo the price shoots up, makes a pullback and go up and test the same high again. Then it goes down and test Purple on M1.

When i just look at the s12 chart its easy to look att all the signal, So i remind myself to look at the bigger pitcure. And right now thas is nothing clear.
8.18 Test Lo, but is rejectes so its still in range.
The price has now breaked the Purple om M1. Now wait for it to break the premarket range or bounge against it.
8.30 Testing FO, stays sideways at FO. On both M1 and M5 i can see bullish candels so seams like the buyers try to take commando.

8:42 The price moves strongly to LO-line..

Then i got some Computerproblems... I think i missed a Setup 1 on s12 from what i can se on the M1 (8:47)

2020-10-10.png

2020-10-10 2.png

 
 
The potential setup 1 when my computer was down

2020-10-10 s1.png

 
I am struggling to make up my mind if my next batch should be on m1/m5, because it gives more valid signals and cleaner setup 1´s and huntsignals.
But I am also thinking about taking it on H1/H4 because it gives more valid signals and I can trade more pairs.
 

[eaxh]

Feels like i never going to end this second batch.. But in this time of just observing, because of the lack of good trading opportunitys that fit my rules, i have learnt more than on the whole time. 
I have come to a point where its more easy to be disciplined in my trading than not to be. 

BEING DISCIPLINED IN TRADING HAS NOW BECOMED THE PATH OF LEAST RESISTANCE

The more i learn the more i just want to delete some trades i have taken 
But they are the ones that i have learned the most of. 
 

Today before FO , Its mostly sleeping gators at all the relevant timeframes, but at Fo the price makes a short but strong move down.After that, it reversed and made a steady trend up. The Trend ended(Bounced) at a leve, the yesterdays LO.

At LO the prices goes down in a big wave 3.
Now the price might make a 4 on m1, bit we will have to see if it breakes the level, or i fits bounce on it again.
The premarket range is proken, wait for a retest on m1 that creates setup 1 on s12.


 Setup 2 at 8.10 (right before i spotted what i think is an apple) and after that it creates a perfect seed.It is 14 minutes into lo and its already made 100 pip move. ITs that an indication that it will continue? Or reverse. The TZ is hit and its double divence. But it is a high probability that the wave 5 on m1 is also going to make a big move? Or this one just continue. We will see.

Skärmbild 2020-10-21 setup 2.png

 

Skärmbild 2020-10-21 8.20 double divergence.png

 The wave 5 happened, but did not create a setup one on s12. I did see cherries and seeds though. And because of the big moves today i would have taken them. But not now, it would have not been disciplined of me.
 

Skärmbild 2020-10-21 wave 5 setups.png

  So another great learning day
 
 

[eaxh]

Have marked all the relevant levels at the moment. H1 is showing strong momentum down so lets se what the market have to offer today. From 6.00 it has made a correction wave to the purple and from what the h1 showing, i think we can expect a bearish LO.It makes a 100 pip move down right att Lo. Now, wait for a pullback.
Now it has moved 130 pip without a bigger pullback. It this one of those crazy daxdays.8:18 the gator is now and mingle with the purple on s12.Wait for a box and dot to form below the purple, or i will not take it.

Skärmbild 2020-10-22 1.png

 Picture 1. I know its not my setup at t20 but i reconiced the pattern and its not even a setup 1 according to any rules, because it dont have a red or blue dot.
It was right into the Btrap, but a profitable Btrap.Maybe it has to make a pigger pullback because the wave 3 down was soo strong.

Skärmbild 2020-10-22 2.png

 Pic 2 Setup 0 but with many levels to the left.8:30 now the M1 is probably in the making of wave 4, so i´ll wait for the impulswave before i look for setups.
The potential wave 4 is now testing the 61,8 fib retracement.9.00 i took a quick look at the H1 and i saw an huge bullish pinnbar.I was thinking dont thade the 4th wave on m1, but when it broked the 61,8 fib R-level and the purple i was thinking maybe it had changed direction.Po at 9.06 SL hit before it triggeredPic 3
 

Skärmbild 2020-10-22 3.png

  Pic 4,  if i was a lobot trader, i probably would have taken this and waited for som more good action
 

Skärmbild 2020-10-22 4.png