Thomas's journal [trading The Hunt on H1]

[ElBarto]

IF your doing the same mistakes your in the right path to do the same winners

A good point, absolutely .

[ElBarto]

Trade campaign 15/1

Summary

• Pair: EUR/USD
  Entry: Setup 1
  Risk: 36.1 P + 36.1 P = 72.2 P
  Exit: Box trail/Box trail
  Result: - 17 P - 17.1 P = - 34.1 P, - 0.47 R - 0.47 R = - 0.94 R
  DS: 1 [12/15]

About the campaign

• Pre-trade remarks:
  • H1, VL (1): Setup 1 into Wave 5 down
  • H1, HL (1): 1:1 for the first Entry
  • H1, HL (2): TZ1(a) (as Price didn't retrace more than 23.6 % of Wave 3, yet)
  • H1, HL (3): TZ1
  • H4, VL (1): Price within a Wave 4 down

• Post-trade remarks:
  • If looking at [H4], this was not the best spot to go short. The entries were at around the 38.2 % retracement level of Wave 3. Therefore, the end of Wave 4 down could have been assumed.
    Still, Alligator was open to the downside (which is, according to my TP, the only relevant criteria for [H4]).

[ElBarto]

Trade campaign 16/1

Summary

• Pair: USD/CHF
  Entry: Setup 1
  Risk: 17.2 P + 17.2 P = 34.42 P
  Exit: Initial SL/Initial SL
  Result: - 18.1 P - 18.1 P = - 36.2 P, -1.05 R - 1.05 R = - 2.1 R
  DS: 1 [13/16]

About the campaign

• Pre-trade remarks:
  • H1, VL (1): Setup 1 into Wave 5 up
  • H1, HL (1): 1:1 for the first Entry
  • H1, HL (2): TZ1(a) (as Price didn't retrace more than 23.6 % of Wave 3, yet)
  • H1, HL (3): TZ1
  • H4, VL (1): Price within a Wave 3 up

• Post-trade remarks:
  • ---

[immy]

Remind Me, Which Batch are you going through? have you completed 5 batches? Are you ready for Stage 2?

[ElBarto]

Remind Me, Which Batch are you going through? have you completed 5 batches? Are you ready for Stage 2?

With this particular TP, it's batch number one. I always re-started with the first batch, when making (minor) changes to my plan.
I think, this already disqualifies me for Stage 2 .

[immy]

Thank you for your reply. I would suggest you now add The Hunt Signals. You understand the Setup 1 pretty nicely. Your approach will simply be. Wait for a Setup 1 signal. if you take a trade based on that fine. If there is no setup 1 signal but it breaks out, you wait for Hunt signal, of course following the stuff shared in the Hunt Video and the hunt rules. Basically, you're trying to Catch the 5th wave after a clear 3. But with Hunt you'll be able to catch the 5th wave within a fresh 3. then wait for 4 catch the 5th wave, and within 5th wave catch another hunt signal. Hope it makes sense, if not, Skype is your friend...

ps: you have to make the decision I can only "show the path" you have to walk it.

[ElBarto]

Thank you for your reply. I would suggest you now add The Hunt Signals. You understand the Setup 1 pretty nicely. Your approach will simply be. Wait for a Setup 1 signal. if you take a trade based on that fine. If there is no setup 1 signal but it breaks out, you wait for Hunt signal, of course following the stuff shared in the Hunt Video and the hunt rules. Basically, you're trying to Catch the 5th wave after a clear 3. But with Hunt you'll be able to catch the 5th wave within a fresh 3. then wait for 4 catch the 5th wave, and within 5th wave catch another hunt signal. Hope it makes sense, if not, Skype is your friend...

ps: you have to make the decision I can only "show the path" you have to walk it.

I have to thank you, for your time and your suggestion.
I'll add The Hunt Signals and revise my TP accordingly after my actual batch of T20 is finished.

One question, if I may: what would be your recommendation for taking profit?
Currently, I'm using BE at 1:1, TP at 5:1 and box trail.
I'm fine with BE and box trail, but, should I set TP near TZ1, instead?

[immy]

I love your current TM. Stick to that.

[ElBarto]

I love your current TM. Stick to that.

Thank you, Immy. Then I'll keep it as is.

[ElBarto]

Trade campaign 17/1

Summary

• Pair: USD/CHF
  Entry: Setup 1
  Risk: 20.6 P + 20.6 P = 41.2 P
  Exit: TP(1:1)/Box trail
  Result: 22.1 P + 35 P = 57.1 P, 1.07 R + 1.7 R = 2.77 R
  DS: 1 [14/17]

About the campaign

• Pre-trade remarks:
  • H1, VL (1): Setup 1 into Wave 5 down
  • H1, HL (1): 1:1 for the first Entry
  • H1, HL (2): TZ1(a) (as Price didn't retrace more than 23.6 % of Wave 3, yet)
  • H1, HL (3): TZ1
  • H4, VL (1): Price within a Wave 3 down

• Post-trade remarks:
  • ---