Chris's Journal - Step 1 (Setup 1)

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Thanks Immy

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What Immy Sees:

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You want a small seed, but cherries are better with long wicks

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Starting a fresh T20 due to ammendments to trading plan during initial learning phase.

Will add paramenters later

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T20 1a - Trade 1

GBPUSD - S1 Short
Entry: 1.2756
Stop: 1.2807
T/P: 1.2654

RESULT: 2R profit. DS1 Trade

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T20 1a - Trade 2

USDJPY - Cherry - Long

Entry: 111.35
Stop: 110.89
T/P: 112.25

In retrospect the wave 4 probably didnt pull back far enough. So I will rate this one a SS0 (-1R)

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Immy: when a breakout is as strong as this UCAD chart without a pullback. its usually time to say goodbye.




Immy: we gotta learn to trade the AO. Understanding AO is the KEY...It makes the WAVES... we need to learn to read them waves..Peak of the wave is the end of one and beginning of another wave.

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Had a "bad" session at 1pm Friday, first scanning the entire lot accidently on H1 rather than H4, then making a few keying errors. I need to take the lesson that when work is stressful I give the 1pm (Perth time) trades a miss.

Batch 1a - Trade 3

AUDJPY - Long (No idea why I took it, but I think I misread the S2 mark on the chart as a seed mark. Lesson to be careful when using the smaller IPAD screen)
Entry: 84.14
Stop: 83.93
T/P: 84.56

RESULT: DS0 Trade (Breakeven)