Luis´s Journal

Start a Trading Journal - Start Posting Your T20 Trades Here.
Tips for First Post: Start with personal introduction, share your story, your future plans.
Use Template Prodvided for Recording Trades.
Post Reply
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Luis´s Journal

Unread post by immy »

luisvence517 wrote: 24 Jun 2018, 23:25 Thank you for your congrat and your suggestion.
My cumulative statistics, with this 3 “oficial online” T-20 + 2 T-20 (before, in “test mode”) are the next:
H1: 53 trades (BE 34% / 2R 32% / -1R 34%) = 15 R
H4: 23 trades (BE 43% / 2R 30% / -1R 27%) = 8 R
D: 5 trades (BE 40% / 2R 40% / -1R 20%)= 3 R
Total: 81 trades (not 100 in 5 T-20 because I excludes the hunts in the firsts batchs):
BE 37% / 2R 32% / -1R 31% = 26 R
Period: NOV12 2017 – JUN20 2018 (7 months)
Average: 3,71 R per month (risk 2% = 7,43% per month).
My idea or plan is will continue with this 3 TF until the fifth batch T-20 for achieve a complete statistic for approx 1 year and 120 trades and then I will elaborate a definitive plan.
Thats pretty good stats. to a person who wants to be a millionaire in 2 weeks, this would not be interesting but to a pragmatic person these figures have millions of dollars value.

You have in your hands a winning formula. A method that gives you a positive edge.

I count BE as a winner because it wins back the initial investment but no profit on top. You don't lose anything but you have won back what you could potentially have lost. With that in mind, your overall stats show 69% winners (37%BE)
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
luisvence517
Free Member
Free Member
Posts: 127
Joined: 06 Nov 2017, 22:36
7

Re: Luis´s Journal

Unread post by luisvence517 »

Exactly, Immy. My magic number (the one that doubles capital in 1 year at compound interest) is 6% monthly. So for now, 7.43% are on the right way! :thumbs
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Luis´s Journal

Unread post by immy »

Its good to know that you're thinking in realistic terms.

The problem always occurs when we set very ambitious plans. Ambition is great but unrealistic ambition can negatively effect performance in any field. It can frustrate you even though you might be enjoying better than normal success simply because you've set the bar too high.

So that fact that you have set a realistic target, i.e. 6% a month, and know that by doing 6 or 7% a month, you can double your account in a year. btw 10% means 300% a year. its only 3% more but that 3% more per month can have its effect.

Again, you will not get it exactly because market does not play out the way it played out last month or last year or 10 years ago. Its does what it does in the future but there is a higher probability it will do something similar to what it did all these years that we have data for.

I tried a few times to double my risk and go for crazy targets, I failed. When I slowed down my trading, reduced risk, I felt relaxed and I continued with, what appears to be mediocre to beginners" but in reality pretty good results. 5-10% a month, that's what we are after.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
luisvence517
Free Member
Free Member
Posts: 127
Joined: 06 Nov 2017, 22:36
7

Re: Luis´s Journal

Unread post by luisvence517 »

Amen Immy!!!
luisvence517
Free Member
Free Member
Posts: 127
Joined: 06 Nov 2017, 22:36
7

Re: Luis´s Journal

Unread post by luisvence517 »

I will be on vacation till July 30 :wave:
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Luis´s Journal

Unread post by immy »

Enjoy your holidays
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
luisvence517
Free Member
Free Member
Posts: 127
Joined: 06 Nov 2017, 22:36
7

Re: Luis´s Journal

Unread post by luisvence517 »

Thank you very much Immy!
luisvence517
Free Member
Free Member
Posts: 127
Joined: 06 Nov 2017, 22:36
7

Re: Luis´s Journal

Unread post by luisvence517 »

Batch 4 – Trade 3
Date: 6/8/2018
Pair: NZDCAD
TF: H1
Signal Type: S1
Check list Setup S1:
Sleeping Alligator: yes
Red or Blue Dot: yes
Dot Candle inside de AIMS Box: yes
Tight AIMS Box: yes
Purple Line correct: yes
AO close to ZL towards Wave 5: yes
Towards TZ1 R:R = 1:2: yes
DS: 1
DS acc: 3/3 (100%)
Outcome: BE

Pending Order:
nzdcadh1po.PNG
Execution:
nzdcadh1exec.PNG
Close:
nzdcadh1close.PNG
You do not have the required permissions to view the files attached to this post.
luisvence517
Free Member
Free Member
Posts: 127
Joined: 06 Nov 2017, 22:36
7

Re: Luis´s Journal

Unread post by luisvence517 »

Batch 4 – Trade 4
Date: 7/8/2018
Pair: USDCAD
TF: H4
Signal Type: S1
Check list Setup S1:
Sleeping Alligator: yes
Red or Blue Dot: yes
Dot Candle inside de AIMS Box: yes
Tight AIMS Box: yes
Purple Line correct: yes
AO close to ZL towards Wave 5: yes
Towards TZ1 R:R = 1:2: yes
DS: 1
DS acc: 4/4 (100%)
Outcome: -1R

Pending Order:
usdcadh4po.PNG
Execution:
usdcadh4exec.PNG
Close:
usdcadh4close.PNG
You do not have the required permissions to view the files attached to this post.
luisvence517
Free Member
Free Member
Posts: 127
Joined: 06 Nov 2017, 22:36
7

Re: Luis´s Journal

Unread post by luisvence517 »

Batch 4 – Trade 5
Date: 7/8/2018
Pair: GBPUSD
TF: H1
Signal Type: S1
Check list Setup S1:
Sleeping Alligator: yes
Red or Blue Dot: yes
Dot Candle inside de AIMS Box: yes
Tight AIMS Box: yes
Purple Line correct: yes
AO close to ZL towards Wave 5: yes
Towards TZ1 R:R = 1:2: yes
DS: 1
DS acc: 5/5 (100%)
Outcome: 2R

Pending Order:
gbpusdh1po.PNG
Execution:
gbpusdh1exec.PNG
Close:
gbpusdh1close.PNG
You do not have the required permissions to view the files attached to this post.
Post Reply