Vicky's Journals

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vickyp
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Re: Vicky's Journals

Unread post by vickyp »

14/11/18

Batch 6

Trade 08

Usd/Cad H1 Long
S1, This one entry was not right, the gator was not closed. I saw the second blue dot, and took this as an entry.

End result was -1R

R result to date for this batch: +2R

DS score for batch: 6/8

Overall total R score: (all batches) +18R
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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vickyp
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Re: Vicky's Journals

Unread post by vickyp »

14/11/18

Batch 6

Trade 09

Gold H1 Short
S1, This one looked good, started well. but then it took off in the other direction.

End result was -1R

R result to date for this batch: +1R

DS score for batch: 7/9

Overall total R score: (all batches) +17R
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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vickyp
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Re: Vicky's Journals

Unread post by vickyp »

14/11/18

Batch 6

Trade 10 (half way)

Silver H1 Short
S1, Looking now, not a good entry. gator not closed, still in long W3.

End result was -1R

R result to date for this batch: 0R

DS score for batch: 7/10

Overall total R score: (all batches) +16R
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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vickyp
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Re: Vicky's Journals

Unread post by vickyp »

Note to self ....
Half way of batch 6. At 0R.
There has been some claw back of the last batches losses but still a way to go.
More discipline Vicky, we need a strong second half!
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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vickyp
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Re: Vicky's Journals

Unread post by vickyp »

19/11/18

Batch 6

Trade 11

Nzd/Usd H4 Long
S1, Good start, then slow and steady. Was aiming for the TZ1 line, which it didn't make.
Exit taken at 1R as per Immy call out. For future refernce would the dark bars going down quickly (ie not smoothly) be an indication to exit?

End result was +1R

R result to date for this batch: +1R

DS score for batch: 7/11

Overall total R score: (all batches) +17R
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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vickyp
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Re: Vicky's Journals

Unread post by vickyp »

20/11/18

Batch 6

Trade 12

Silver H1 Long
S1, Starts ok. Them changes direction. W5 very quick. This looked a good S1 but it didn't eventuate.

End result was -1R

R result to date for this batch: 0R

DS score for batch: 8/12

Overall total R score: (all batches) +16R
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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vickyp
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Re: Vicky's Journals

Unread post by vickyp »

21/11/18

Batch 6

Trade 13

Gbp/Jpy H1 Short
S1, By the time the PO filled the W5 was showing, the TZ line was a 2R away, all looked good. But it didn't play out that way.

End result was -0.5R (due to T Fractual button)

R result to date for this batch: -0.5R

DS score for batch: 9/13

Overall total R score: (all batches) +15.5R
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immy
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Re: Vicky's Journals

Unread post by immy »

vickyp wrote: 15 Nov 2018, 14:23 14/11/18

Batch 6

Trade 08

Usd/Cad H1 Long
S1, This one entry was not right, the gator was not closed. I saw the second blue dot, and took this as an entry.

End result was -1R

R result to date for this batch: +2R

DS score for batch: 6/8

Overall total R score: (all batches) +18R
Hi Vicky

I think this is not a setup 1 that you're looking for.

You did not see a clear end to the 3 up. and already assumed 4th was over.

Trading Setup 1 means you're assuming or seeing a Wave 3, followed by a clear Wave 4. and you're assuming that from what you see, 4th wave might be over and the breakout of the RANGE of 4 will take price into the 5th wave. If you plot that trade on your H4 chart you'll see that you've traded right at the peak of a Wave.

The Levels to the left were too close. and there was only 1R distance from entry to tZ1.

There was clear divergence on AO suggesting 1-5 complete.

There was no Fresh Cross of ZL, suggesting A wave 4.

This was not a trade taken in anticipation of a new Wave 5 rather taken at the peak/end of a wave 3 sequence.

hope this helps...
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! 🍌
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immy
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Re: Vicky's Journals

Unread post by immy »

vickyp wrote: 21 Nov 2018, 05:46 21/11/18

Batch 6

Trade 13

Gbp/Jpy H1 Short
S1, By the time the PO filled the W5 was showing, the TZ line was a 2R away, all looked good. But it didn't play out that way.

End result was -0.5R (due to T Fractual button)

R result to date for this batch: -0.5R

DS score for batch: 9/13

Overall total R score: (all batches) +15.5R
Another DS0 I'd call it. The BOX was Just too big. a 90 pips box is not worth it.
Plus note that it was Setup 2 box. So the TIGHT box that one could have taken , was already broken. Your entry was on the 2nd, and WAY FAR AWAY box low. Not a setup you want to take. it does not give you an edge.

The essence of Setup 1 is to take TIGHT boxes... that break into Wave 5. Discipline please.
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! 🍌
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immy
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Posts: 9654
Joined: 22 Nov 2010, 16:46
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Re: Vicky's Journals

Unread post by immy »

Why am I commenting on H1 trades? You trade H4 don't you?
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! 🍌
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