John's Trading Journal

[HFTrader]

Trade #16
Gold
Same as Trade #15 same thing. new low no followthru and sharp rally
Result: -7 -$73.68
DS1

[HFTrader]

Trades #17 and #18
Gold
Back to back sell the new low
Result for both: -2 -$27.36
DS1s on both

[HFTrader]

Trade #19
Gold
Sell new low again. but didn't do it the way by TP is setup. Got crossed between an S1....should have sold earlier.
Result: +8 +$.76.32
DS0

[HFTrader]

Trade #20
emini s&p
S1 supposed to be. didn't wait for a fractal to setup to be broken
Result: -5 -$53.68
DS0

[HFTrader]

will calculate results tomorrow am. very tired and pissed at the way I traded today and the system I used.
Will start a new T20 tomorrow:
1. S1 ONLY
2. Should be mostly 3...4 go into 5. OK to take currencies if a slight div.
3. AO MUST get back to 0 line
4. There must be a cross back across 0 AND break the fractal
5. ALL OTHER SETUPS/SIGNALS ARE STRICTLY FORBIDDEN!!!!!

[acceleratum]

I cant really comment on the strategy since those charts are alien to me but your on the right path, strict rules simple entry, thats the best option weve found.

[immy]

will calculate results tomorrow am. very tired and pissed at the way I traded today and the system I used.
Will start a new T20 tomorrow:
1. S1 ONLY
2. Should be mostly 3...4 go into 5. OK to take currencies if a slight div.
3. AO MUST get back to 0 line
4. There must be a cross back across 0 AND break the fractal
5. ALL OTHER SETUPS/SIGNALS ARE STRICTLY FORBIDDEN!!!!!

Hey John

Well done on completing another T20. I'm sure you know the power of T20 now. IN the above post however you failed to mention your overall T20 score for this batch. sorry if I missed it.

Its important to review after each batch . highlight hte mistakes, take action based on the mistakes . that then becomes the objective of the next batch. if successfully achieve d in the next batch we can then challenge our selves with something else. If fail, go back, if succeed go forward.

cheers

[HFTrader]

Thurs 0520 (am obviously) Been super busy getting ready to put home on the market. Lots of last minute things to deal with. LOL
TY Immy and Pedro for your help and comments.
Just calculated results on last T20.
9 DS1's and 11 DS0's.
-$230.40 That equates to -4.6% of account. Using max 2% risk on these T20s

Crap score due mainly to either taking setups that aren't in my plan. Still guilty of NOT following Immy's incredible comment paraphrased "don't go looking for setups....wait for your setup to come to you" My main mental issue is and always has been I see a great move and think to myself..."wow how could I have gotten in on that?" O KNOW that's not the way to think but need to figure a way to not think like that!

So Rules for next T20

1. the setup ONLY
2. Should be mostly 3...4 go into 5. OK to take currencies if a slight div.
3. AO MUST get back to 0 line
4. There must be a cross back across 0 AND break the fractal
5. Price MUST retrace at least to the 34 EMA
6. Profit Targets will be: Gold and Crude: 12 ticks Currencies: 11 ticks Dow & Nasdaq: 14 ticks s&p: 6 ticks
7. SL Initial Disaster Stop: Gold and Crude 8 ticks Currencies 9 ticks Dow and Nasdaq: 12 s&p 7
8. Will Move SL to 1 tick above/below entry bar. Wil exit on candle trail each succeeding candle or until PT is hit.

This T20 is MOSTLY designed to: 1) see if I can follow the rules, 2) Get a feel for The Setup Strategy....this is also VERY similar to my friend David's strategy. 3) Also want to see how many setups this produces or how long it will take to complete the T20. However, I'm not spending NEARLY as much time trading as I will be at end of summer when hopefully my move is completed.

Will also try to mark the charts more clearly.

[HFTrader]

I'm going to try posting some trades I was considering trading and skipped....along with comments as to why I skipped it

[HFTrader]

ok i haven't started yet and I'm thinking about changing my TP. I think i might do 1 Min charts for this T20 so they coincide with the aims M! charts. They won't be exact because of: 1. Things like gold and crude are different instruments. ie Comex gold us whatever the MT4 is using....but it's really close. Will decide later this morning as I have some "house" stuff that needs tending to