H4 Setup 1 and Monarch Hunt
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SprayPlaster
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- Joined: 29 Mar 2016, 02:45
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Re: H4 Setup 1 and Monarch Hunt
Forgot to add chart
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immy
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Re: H4 Setup 1 and Monarch Hunt
Valid signal, earns you a DS1, but visually too far from where the "wave" started. Quite towards the end of it. Taking such trades will eventually help you understand the wave and how to ride them. keep going...SprayPlaster wrote: 22 Mar 2018, 01:21 Trade 15
Pair: AUDUSD H4
Entry: Seed
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 0 (13/15)
Pre-trade comments: New wave 3, seed is bouncing off the levels to the left.
Post-trade comments: On hindsight, I feel like I was too hasty in trying to get into this trade, normally I would've preferred a bit more retracement especially after such a strong move down. So DS0.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: H4 Setup 1 and Monarch Hunt
Thanks iMi, will change it accordingly.immy wrote: 27 Mar 2018, 13:51Valid signal, earns you a DS1, but visually too far from where the "wave" started. Quite towards the end of it. Taking such trades will eventually help you understand the wave and how to ride them. keep going...SprayPlaster wrote: 22 Mar 2018, 01:21 Trade 15
Pair: AUDUSD H4
Entry: Seed
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 0 (13/15)
Pre-trade comments: New wave 3, seed is bouncing off the levels to the left.
Post-trade comments: On hindsight, I feel like I was too hasty in trying to get into this trade, normally I would've preferred a bit more retracement especially after such a strong move down. So DS0.
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SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: H4 Setup 1 and Monarch Hunt
Trade 17
Pair: DAX H4
Entry: Seed
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (16/17)
Pre-trade comments: Valid hunt setup on wave 5. Price is also bouncing off BRN
Post-trade comments: -
Pair: DAX H4
Entry: Seed
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (16/17)
Pre-trade comments: Valid hunt setup on wave 5. Price is also bouncing off BRN
Post-trade comments: -
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SprayPlaster
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- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: H4 Setup 1 and Monarch Hunt
Trade 18
Pair: GBPNZD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (17/18)
Pre-trade comments: Clear 3, clear 4, sleeping gator, purple not too far away, setup 1
Post-trade comments: got B-trapped?
Pair: GBPNZD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1 (17/18)
Pre-trade comments: Clear 3, clear 4, sleeping gator, purple not too far away, setup 1
Post-trade comments: got B-trapped?
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SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: H4 Setup 1 and Monarch Hunt
Trade 19
Pair: NZDCAD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (18/19)
Pre-trade comments: Clear 3, clear 4, sleeping gator, purple not too far away, small box, setup 1
Post-trade comments: price reached TZ1 and bounced back up.
Didn't take the monarch hunt signals after as TZ1 has been reached.
Pair: NZDCAD H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (18/19)
Pre-trade comments: Clear 3, clear 4, sleeping gator, purple not too far away, small box, setup 1
Post-trade comments: price reached TZ1 and bounced back up.
Didn't take the monarch hunt signals after as TZ1 has been reached.
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: H4 Setup 1 and Monarch Hunt
NEXT BATCH - FRUIT METHOD 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: H4 Setup 1 and Monarch Hunt
Oh, wow! Im really excited about this! I'll have to spend this weekend reading the fruit ebook over and over haha.
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SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: H4 Setup 1 and Monarch Hunt
Trade 20
Pair: EURGBP H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (19/20)
Pre-trade comments: Clear 3, clear 4, sleeping gator, purple not too far away, small box, setup 1. At first purple gator was inside the box when the red dot signal was printed, so I waited for a new lower box to form. When the new box is formed and purple is confirmed to be outside of it, I placed the PO straight away.
Post-trade comments: -
Didn't take the monarch hunt signals after as TZ1 has been reached.
Pair: EURGBP H4
Entry: Setup 1
Exit: TP at 2R and SL to BE at 1:1
Result: BE
Disciplinary Score : DS 1 (19/20)
Pre-trade comments: Clear 3, clear 4, sleeping gator, purple not too far away, small box, setup 1. At first purple gator was inside the box when the red dot signal was printed, so I waited for a new lower box to form. When the new box is formed and purple is confirmed to be outside of it, I placed the PO straight away.
Post-trade comments: -
Didn't take the monarch hunt signals after as TZ1 has been reached.
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SprayPlaster
- Free Member
- Posts: 152
- Joined: 29 Mar 2016, 02:45
- 9
Re: H4 Setup 1 and Monarch Hunt
Bonus trade (haven't decided if I'm gonna modify some rules with the next batch yet so I'm just leaving this here as a bonus trade)
Pair: USDJPY H4
Entry: Seed
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1
Pre-trade comments: Clear new 3. Valid hunt signal bouncing off green. H1 also has a nice setup 1.
Post-trade comments: -
Pair: USDJPY H4
Entry: Seed
Exit: TP at 2R and SL to BE at 1:1
Result: -1R
Disciplinary Score : DS 1
Pre-trade comments: Clear new 3. Valid hunt signal bouncing off green. H1 also has a nice setup 1.
Post-trade comments: -
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