Journey of Consistency by Ghost

[Moderator]

1. Trade Number: 6
2. Date/Time: 27/09
3. Symbol: EUR/USD
4. Time Frame: H1
5 Buy/Sell: Buy
5. Initial Entry Type: One of Three: FE /
6. Add Ons Taken: NA
7. Comments and Feelings : An FE Signal. Have to take it.
8. DS for this trade: 1
9. DS Total: 5/6
10. Running Profit/Loss

[Moderator]

1. Trade Number: 7
2. Date/Time: 01/10
3. Symbol: DAX
4. Time Frame: M5
5 Buy/Sell: Buy
5. Initial Entry Type: FBOX
6. Add Ons Taken: No
7. Comments and Feelings : LO Breakout DS0, i'[m not supposed to trade DAXM5
8. DS for this trade: 0 (because dax or dax m5 is not part of the plan)
9. DS Total: 3/7
10. Running Profit/Loss

[Moderator]

1. Trade Number: 8
2. Date/Time: 02/10
3. Symbol: EUR/JPY
4. Time Frame: H1
5 Buy/Sell: Buy
5. Initial Entry Type: FE
6. Add Ons Taken: No
7. Comments and Feelings : I thought the angle was good and it was probably at the end of a peak of wave.
8. DS for this trade: 1
9. DS Total: 4/8
10. Running Profit/Loss

[Moderator]

1. Trade Number: 9
2. Date/Time: 02/10
3. Symbol: EUR/USD
4. Time Frame: H1
5 Buy/Sell: Buy
5. Initial Entry Type: FE
6. Add Ons Taken: No
7. Comments and Feelings : I thought the angle was good and it was probably at the end of a peak of wave.
8. DS for this trade: 1
9. DS Total: 5/9
10. Running Profit/Loss

[Moderator]

Observation. 1 Month and 12 Days.

I have changed 3 times already.

THINK

[Moderator]

1. Trade Number: 10
2. Date/Time: 15/10
3. Symbol: USD/CAD
4. Time Frame: H1
5 Buy/Sell: Sell
5. Initial Entry Type: FBOX plus FB Add on
6. Add Ons Taken: Yes
7. Comments and Feelings : I thought the box was saddle but aware that it could reverse and go up. It reversed, and took SAR. disaster. 1.5R loss. Nice

Reason for DS0 Zero because I have no idea what this setup is. I'm not supposed to take any FBOX. It has to have a wave idea or at least going into a TZ1

8. DS for this trade: 0
9. DS Total: 7/10
10. Running Profit/Loss

T10 - ~USDCAD FBOX 2.png

T10 - ~USDCAD FBOX.png

[Moderator]

1. Trade Number: 11
2. Date/Time: 16/10
3. Symbol: USD/CAD
4. Time Frame: M15
5 Buy/Sell: Sell
5. Initial Entry Type: FBOX plus FB Add on (Setup 1 / Famous)
6. Add Ons Taken: Yes
7. Comments and Feelings : I spotted the setup while searching through H1 charts using The Setup template. so its a setup 1 / famous. Slack helped.
8. DS for this trade: 1
9. DS Total: 8/11
10. Running Profit/Loss

[Moderator]

This is a Great Method. I mean not only the trading method but the concept of training for discipline.
Its pretty clear to me under 2 months that I cannot stick to one thing. I keep looking at both templates and can't decide which setup to take.
I am doomed.

I must stick to one method of entry and exit for at least 20 trades.

[Moderator]

1. Trade Number: 12
2. Date/Time: 22/10/2018
3. Symbol: GBP/USD
4. Time Frame: H1
5 Buy/Sell: Sell
5. Initial Entry Type: FBOX
6. Add Taken:
7. Comments and Feelings at the Time of Taking The Trade:
Clearly a down trend market. FBOX is available. could be next 5 down. Lets find out.


6. After Comments: I exited based on the fact it moved too fast. #It can pullback and chew on the profits. had no chance to add on. So best get the profit into the bank. I need it.

DS for this trade: 1 (I think tis a 1 for now though being strict it should be 0 )
DS Total: 9/12 (75% on target)


Profit in R's:

[Moderator]

I was looking at the myfxbook bit in my signature and noticed 3% drawdown. I am not sure how this happened.
So I thought I must investigate.

This is what I found.


I took trades not part of either Setup 1 or Fruit Method.
all the losing shit trades are DS0 and I failed to report it.

Lets have a look.

Ghost-Losing Trades.png

Below I will add pictures of the trades using The Setup Template. I'm astonished that none of these losses would have occured had I traded the setup method.

Ghost-Losing Trades1.png

IN the above you can see, following setup 1 would have been better. The first long trade is a Setup 2, that's ok. but then IB trade brought in 1% loss. Why mix things up? it ruined the experience also now I don't know which method was working better. I must restart.

Ghost-Losing Trades2.png

Above first is an IB trade but there is also 0.5R profit to it. but why did I take these trades on this account. I have to confess. I tried a 3rd method in secret. But since I have decided to keep everything open, now I share it. I am a bad actor. A bad trader. A bad person. cry cry cry

Ghost-Losing Trades3.png

I feel like crying now

and GU

Ghost-Losing Trades4.png

Conclusion:

Had I not taken the trades outside the method my drawdown will never have been 3%. Why not stick to one plan? So I have to stick to one and that means I have to finish my Fruit T20. So lets do it.