Thomas's journal [trading The Hunt on H1]

[Kyle]

Great finish for your first T20. It took me four T20 campaigns just on the Hunt to get my first perfect score, with around 16/20 being a breakeven sort of point. Shows the power of the fruit when 11/20 can be 2R's in result. look forward to your next one being 15/20 or better and the result of that to your balance as well.
I have just started fruit campaigning, and looking forward to letting some pips run with it.

Keep posting in the journal. It does you a lot of good with constructive analysis, and encourages others, both in trading and in publishing their own journals

[ElBarto]

Thank you, Kyle and Sam, for passing by.
It took me quite some time to find a trading strategy, that suits my personalitiy and daily routine.
It took me even longer to recognise the value of keeping a journal.
Perhaps, the next step will be to switch from passive to active mode in the Syke group - who knows .

My weaknesses are definitely lack of discipline and patience.
That's why I truly admit guys like you, Kyle, who manage a DS of 20/20.
I'm far from achieving a similar score. But Fruits huge potential is undoubtedly worth working towards that.

[ElBarto]

Trade campaign 1/2

Summary

• Entry: Fruit + Box breakout
  Risk: 19.4 P + 50.6 P
  Exit: Box trail
  Result: 4.6 P - 23.9 P = -19.3 P, 0.21 R - 0.47 R = -0.26 R
  DS: 0

About the campaign

• Trend on D1 was down.
  For whatever reason I tried to catch a Wave 4 up on H1, with some small potential.
  Fruit entry was okay, though, trade management not.
  I missed the Momentum Add-On (DS = 0= and a Box Add-On (DS = 0). Also, Box trailing was activated way to early (DS = 0), as price didn't enter into Stage 3, yet.

[ElBarto]

Trade campaign 2/2

Summary

• Entry: Box breakout
  Risk: 14.8 P
  Exit: Initial SL
  Result: -15.9 P, -1.07 R
  DS: 1

About the campaign

• Alligator was sleeping and inside a tight box, AO was at its ZL. Price was near Purple Line and near Wave 3s 32.8 % Fibonacci retracement.
  A reasonable try to get into a possible Wave 5 down.

[ElBarto]

Trade campaign 3/2

Summary

• Entry: Fruit
  Risk: 28.1 P
  Exit: Initial SL
  Result: -28.4 P, -1.01 R
  DS: 1

About the campaign

• I tried to spot the end of the Wave 3 down, as the corresponding Wave 4 up should have offered a reasonable reward.
  Price on D1 was supposedly in a Wave 5 down, so this entry was against that trend. Nevertheless, its Alligator was open (market moving), thus I took the Fruit.
  Angulation was okay, Divergence visible.

[immy]

Ideally when you see the trend is strong, you should always go with SAR, had you done that you'd have recovered your rent and you'll be in line with the trend with perhaps even an add on. But its ok as it seems that its been going this direction for some time now. I don't trade UCAD but looked at it for you. great job, keep going.

[ElBarto]

Ideally when you see the trend is strong, you should always go with SAR, had you done that you'd have recovered your rent and you'll be in line with the trend with perhaps even an add on. But its ok as it seems that its been going this direction for some time now. I don't trade UCAD but looked at it for you. great job, keep going.

That's a good point, Immy.
I must admit that I thought this Wave 3 is going its third trading day down now, so it must come to an end, soon.
Obviously, that was not the case and a SAR would have been the appropriate choice.
Perhaps, I should stop thinking when trading?!

[ElBarto]

Trade campaign 4/2

Summary

• Entry: Fruit
  Risk: 18.5 P
  Exit: Initial SL
  Result: -19.8 P, -1.07 R
  DS: 1

About the campaign

• Low risk Fruit to target the end of an extended Wave 3 up.
  Got kicked out pretty quick and decided to SAR (see campaign 5/2).

[ElBarto]

Trade campaign 5/2

Summary

• Entry: N/A + Box breakout
  Risk: 47.9 P + 32 P
  Exit: Box trail
  Result: -30 P - 36.8 P = -66.8 P, -0.63 R - 0.87 R = -1.5 R
  DS: 0

About the campaign

• I was pretty indecisive whether to take the SAR of previous Fruit (see campaign 4/2) or not. Thus, I should have skipped this trade.
  Perhaps, this was the trigger for the following mistake!?
  I didn't wait for a new AIMS-Level to appear, but placed the PO anticipatory (DS = 0).
  According to my Trading Plan, the second candle after Fruit would have invalidated the SAR. Hence, there would have been no entry and the loss would have been avoided.
  Apart from that, trade location was not the best, too. Price on H4 just reached its Wave 3 downs 50 % Fibonacci retracement, as did price on D1.

[immy]

just need a little chart experience keep going. You'll soon know what you did there. There is nothing wrong technically its just about "choice" of signal. And that comes with experience. You gotta learn to appreciate a trend analysis. Simple stuff. E.g. here do you see how many times its diverged? I know you see that, and you think its best to take reversal because its diverging but actually divergence also means, "lack of or decreasing momentum" etc etc. there is nothing wrong with what you did. carry on.