Clint's Journal - T20 - H1

[seonard]

Hi All,

It is a pleasure to be a member of AIMS. I joined a month back and now finally I managed to start my journal. Thanks to Immy, Pedro, Steve and TJ for correcting and guiding me on my very first week.

I am from Copenhagen and I prefer to trade the NY session. I need to figure out to trade the London session though (normally bit hectic schedule at work during this session) and I am working on it

Stage 1 Setup 1- T20 Batch 01 - Trade Number 01

Trading details –

Timeframe – H1
Currency Pair – GBPUSD
Session and Date – NY, 28th July

Reason for taking the trade –
• Alligator sleeping
• AO near ZL
• Acceptable AIMS Box size

GBPUSD - H1

T20 - Trade01 - H1 - Entry - Crop.jpg

GBPUSD - H4
The alligator was not sleeping on H4. It was on Wave 5 in the same direction on which I placed the pending order in H1.

T20 - Trade01 - H4 - Entry - Crop.jpg

Moved the SL to BE

T20 - Trade01 - H1 - BE - Crop.jpg

I took my exit upon touch of TZ1
Risk: 31
Result: 54

T20 - Trade01 - H1 - TP@TZ1 - Crop.jpg

Looking for your feedback and suggestion on this trade.

Regards,
Clint

[immy]

Hello

well you probably know already and I must have written it to nearly all the guys who start their journals that keeping a journal may just be the very thing that keeps successful traders consistently remain profitable over a longer period of time. It helps you reflect over what you've done and paves the pathway towards where you want to be from where you are now... so well done and keep going ..

You asked for suggestions and feedback. That's a very good sign... we are here to learn and share and learn and share ...

You know what? you've nailed it to the T...

it might sound too simple but its the FACT. All you have to do now is REPEAT ... just keep doing the same thing over and over....

thats it ... nice trade...

[seonard]

Thank you so much Immy for your comments. It will surely keep me motivated going forward

Hopefully I would be able to learn a lot from you all in the coming days.

Regards,
Clint

[seonard]

Stage 1 Setup 1- T20 Batch 01 - Trade Number 02

Trading details –

Timeframe – H1
Currency Pair – USDCAD
Date –9th AUG

Reason for taking the trade –
• Alligator sleeping
• AO near ZL
• Acceptable AIMS Box size (though on a higher side 50 pips – but decided to take this trade as the setup looked nice to me)

USDCAD - H1

T20 - Trade02 - Pre.jpg

Moved the SL to BE

T20 - Trade02 - BE.jpg

Moved SL to H4 High

T20 - Trade02 - SL Move to H4 High.jpg

Price crossed H4 high and soon after a bear candle touched SL

Results -

Risk: 50
Result: 20

Please let me know your opinions on this trade.

Regards,
Clint

[seonard]

Stage 1 Setup 1- T20 Batch 01 - Trade Number 03

Trading details –

Timeframe – H1
Currency Pair – GBPUSD
Date – 9th AUG

Reason for taking the trade –
• Alligator sleeping
• AO near ZL
• Acceptable AIMS Box size (though on a higher side 44 pips – but decided to take this trade as the setup looked nice to me)

GBPUSD - H1

T20 - Trade03 - Pre.jpg

GBPUSD - H4

T20 - Trade03 - H4 -Pre.jpg

Moved SL to BE

T20T3_BE.jpg

Result - BE

Later on...

T20 - Trade03 - Final.jpg

Please provide your feedback, improvement areas on this trade.

Regards,
Clint

[immy]

Stage 1 Setup 1- T20 Batch 01 - Trade Number 03

Trading details –

Timeframe – H1
Currency Pair – GBPUSD
Date – 9th AUG

Reason for taking the trade –
• Alligator sleeping
• AO near ZL
• Acceptable AIMS Box size (though on a higher side 44 pips – but decided to take this trade as the setup looked nice to me)

GBPUSD - H1


Clint

Hey Clint

I think the box size on GU was big. We don't look at pips alone, we loo kat hte picture as well. infact for me its more visual. The box, visually was bigger. And i saw 1-5... these ones work too but the ones with higher probability are the ones that go straight into wave 5. with a clean 3 and 4 and a tight box.

cheers..

ps: its best to make a post per trade.

[seonard]

Thanks Immy.

I will keep that in mind for future trades.

I will update the UJ during weekend.


Regards,
Clint

[seonard]

Thanks Sam.

Yes, I have a detailed trading plan and thanks for providing your valuable feedback on the trade.

Actually I was hesitant while taking the trade. To me it didn't appear a 50% retrace for W4 and so I went for it. Honestly, I took the trade mainly to learn and I learnt - As you and Immy said, I should have waited for a clear W3 and W4 and a tight box.

Thanks again and will look for your suggestions and guidance going forward.

Regards,
Clint

[seonard]

Stage 1 Setup 1- T20 Batch 01 - Trade Number 04

Trading details –

Timeframe – H1
Currency Pair – USDJPY
Date – 10th AUG

Reason for taking the trade –
• Alligator sleeping
• AO near ZL
• Acceptable AIMS Box size
• Clear W3 and W4

USDJPY - H1

T20 - Trade04 - H1.jpg

I took my exit at 2R near TZ1

Risk: 27
Result: 54

T20 - Trade04 - TP.jpg

Please let me know your feedback on this trade.

Regards,
Clint

[acceleratum]

looks great so far, on the second trade you have to be wary that previous peak was too close so its a risky trade, it might bounce back down, also your moving sl to be too fast it seems and adjusting sl more than once, for discipline purposes we usually only move sl to be at 1R and then let it go either 2R or BE or -R . moving sl too soon might save you a bit but its alot more trouble, takes more chart time and also will cut your 2r winners, keep it simple during the first stage of training and dont keep scanning and adjusting the trades. Set it up and let it go.