mirgi's journal

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zlabis
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Re: mirgi's journal

Unread post by zlabis »

mirgi wrote:T20/5 traiding with profit 64 pips. DS 18/20.

SEED -1
AA FRUIT +33
CHERRY +32
4xBE
Great results and discilpine. DS of 90% is getting interesting ;-)

Your chart is what I call very clean and tidy. Only issue I want to point to, if I may, there are many, many signals on your chart. Latest chart consists of 59 bars and 16(!!!) are signal bars. Maybe less is more and, due to assumption that you're trading Seeds/Cherries and maybe AAs, Fruit indy is not very usefull, IMHO. Fruits indy can often produces counter signals to Seed/Cherry/AA-trades and can lead to contradictions. Without Fruits signal count would be only 10.

Just my 5 cents ;-)
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immy
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Re: mirgi's journal

Unread post by immy »

Totally agree with Michael there. If you're not taking a signal don't have that indicator on. If you have any indicator that does not contribute to the process its an extra burden on your sense. You might have read the last post in the seed topic that I have, myself, restricted my self only to Seed and cherries and out of those I will be taking only the seeds and cherries that are 1. near red/green line and 2. in line with structure of m1 and on m5. Which means, i might trade when there is wave 4 on m5 but i'll know that it is wave 4 and make a decision whether I want to trade during wave 4 of m5 or not. So reducing entry signals and then selecting the best ones is OUR JOB!

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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

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mirgi
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Re: mirgi's journal

Unread post by mirgi »

Thanks Michael and Immy,

oki I will change my chart with indicator cherry, seed and AA without Fruit. Fruit I used in my Trading plan for exit from AA. Next T20 I will trade on small live account only seed and cherry.
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mirgi
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Re: mirgi's journal

Unread post by mirgi »

My T20/7 Traiding - Live:

Trading plan - CHERRY and Grant SEED according to GFC

Instrument: DAX30 TF M1

Trading time: (LO) 9 - 11:00 am / (NEO) 15.30 - 16.45 pm (GMT+2).

Initial Entry:
1. Has Ewaves made new lower / higher peak?
2. Is price the correct side of purple line?
3. Has AO Changed colour and retraced?
4. Is there a Seed/Cherry max. 10 pips?
5. Will Entry be correct side of gator?
6. Is TZ1 level is far enough away - AT LEAST 1 : 2 of Risk:Reward ratio?
7. Is pullback too much?

When all YES - after Place PO 2 pips above / 1 pips below high/low of Seed/Cherry candle

Stop Loss:
- SL Max Seed/Cherry 10points so MAX SL 13
- move SL to BE when RR 1:1
To ensure further that my losses are kept to a minimum, I will have a maximum daily stop of 3% of my equity.

Take Profit:
- TP on TZ1 line after cherry/seed W5
- TP RR 2:1 max. 26 pips

For every trade I enter fixed 1.0 lot.

I added the condition 6 and 7
Last edited by mirgi on 12 Oct 2015, 10:41, edited 1 time in total.
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mirgi
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Re: mirgi's journal

Unread post by mirgi »

My T20/7 Live Traiding:

Trading time: (LO) 9 - 11:00 am (GMT+2).

121. campaign
Short CHERRY 11:53, SELL 10141 -10
RENT -10
1.0 lot.
SL got hit above CHERRY. I have not respected the trading plan - TZ1 wasnt enough far and Cherry was already TZ2!!! DS 0
Today's result: -10 p

DS 0/1
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Last edited by mirgi on 30 Nov 2015, 09:36, edited 1 time in total.
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mirgi
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Re: mirgi's journal

Unread post by mirgi »

Today no trade - according to my trading plan today. NEXT day

I am pleased that today I kept to my plan 100%

Thanks Thanks Thanks
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mirgi
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Re: mirgi's journal

Unread post by mirgi »

My T20/6 Live Traiding:

Trading time: (LO) 9 - 11:00 am (GMT+2).

122. campaign
Short CHERRY 10:16, SELL 10144,0 BE
BE
1.0 lot.
SL moved to BE after RR 1:1. DS 1

123. campaign
Short CHERRY 10:48, SELL 10118,2 BE
BE
1.0 lot.
Accoding to my trading plan is trade ok (new lower peak, wave 3 etc.), but in Skype room I read that this signal I must next time filtered, because after divergence and without a cross of 0 line we can assume that there is not much further to go to down side at this moment, we need reset AO. Closed at entry price after I read skype room. Soo DS 0.


Today's result: 0 p

DS 1/3
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mirgi
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Re: mirgi's journal

Unread post by mirgi »

My T20/6 Live Traiding:

Trading time: (LO) 9 - 11:00 am (GMT+1).

124. campaign
Short CHERRY 10:23, SELL 10776,9 BE
BE
1.0 lot.
SL moved too soon for BE, I held mouse with SL to BE but I dodnt know how I let her and was already here.

DS 0

Today's result: 0 p

DS 1/4
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mirgi
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Re: mirgi's journal

Unread post by mirgi »

My T20/6 Live Traiding:

Trading time: (LO) 9 - 11:00 am (GMT+1).

125. campaign
Long CHERRY 11:03, BUY 10790,0 BE
BE
1.0 lot.
SL moved to BE after RR 1:1. DS 1

DS 1

Today's result: 0 p

DS 2/5
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mirgi
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Re: mirgi's journal

Unread post by mirgi »

My T20/6 Live Traiding:

Trading time: (NEO) 14.30 - 15.45 pm (GMT+1).

126. campaign
Short CHERRY 15:38, SELL 10741,0 -12
RENT -12
1.0 lot.
SL above CHERRY. I broke the rules of my trading plan, purple was going through the box and purple was belove gator.

Result for next trading: I have to follow my trading plan.

DS 0

Today's result: -12p

DS 2/6
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