Chris's Journal - Step 1 (Setup 1)

[Boad]

Batch 1a - Trade 4

NZDUSD - Cherry Long
Entry: 0.72738
Stop: 0.72480
T/P: 0.73254

RESULT: S1 (BE)

[Boad]

Batch 1a - Trade 5

AUDNZD - H4 Cherry Short (Part of my bad trading on Friday I deleted this trade by accident therefore an S0
Entry: 1.03857
Stop: 1.04060
T/P: 1.0352

RESULT: S0

[Boad]

Batch 1a - Trade 6

EURCAD (Famous - Short)
Entry: 1.47520
Stop: 1.47620
T/P: 1.47320

RESULT: S1 (-1R)

[Boad]

Batch 1a - Trade 7

USDCAD (Famous - Short)
Entry: 1.32150
Stop: 1.32250
T/P: 1.31950

RESULT: S1 (-1R)

[acceleratum]

drag the trades from the history to the screen before taking the picture so we can see where you got in and out ?

[Boad]

drag the trades from the history to the screen before taking the picture so we can see where you got in and out ?

I must admit I didnt know you could do that. Will try and do it going forward

[Boad]

Batch 1a - Trade 8

USDJPy (H4 S1 Long)
Entry: 111.46
Stop: 111.1
T/P: 112.18

Result S1 (2R)

[Boad]

Immy on importance of using whole flowchart, including S2 and working towards TZ1:

- We should follow the flowchart in its entirety. I think that is better training. hte distinction we want to make is, only take the signals with these additiona lparamenters. that is Trading into 5. only.
- so in the past, we followed FC as and when a signal appeared. now what we do is we look for 3-4 only then look for a dot. before it was simply IS HTERE A DOT.
- now it starts with Is there a clear 3 and 4, rather is there a 3? Then we begin the search for the setup.
- when is a setup 0 a setup 0... that's when we ask the question of is Purple correct. , so when its on the correct sdie, its a setup, but if its inside the box its a setup 0. indicating that you might not be trading into a new 5. but if you know there is a clear 3 and 4, but a slightly longer wave 4, time wise, the x axis, then one might consider taking the setup 0. The setup 0 distintion is not useful anymore as long as you know you're ONLY trading into Wave 5.
- the most important bit that I added to the Flowhart was the Qustion of Working towards TZ1. The moment you ask, where is TZ1, you are forced to learn how to look for 3 and 4. It enforces the idea and necessity of learning to trade in line with method of correctly reading the AO.

[Boad]

Batch 1a - Trade 9

USDCAD (H4 Cherry Short)
Entry: 1.3222
Stop: 1.3262
T/P: 1.3142

Result S1 (2R)

[Boad]

Batch 1a - Trade 10

EURJPY (Famous)
Entry: 127.36
Stop: 127.15
T/P: 127.78

Result S1 (2R)