Joel's Journal

[vickyp]

Well done Joel.
Keep up the good work
Vicky

[raklian]

Trade: B2-T5
Date: 10/30/2018
Pair / TF: EURCAD H4
Signal Type: S1 SHORT

Thoughts and Feelings: Getting impatient with this setup. It already hit TZ1 so I should have not taken this trade but at the time I reasoned that the Wave 4 pullback was at least 50% so I should make the TZ2 the target instead. In hindsight, that was reckless since the pair was all over the place around the purple line to begin with. The 3-4 pattern ended long ago.

DS0
Total DS: 3/5 (60%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +1R

Overall R result: +5R

[raklian]

Trade: B2-T6
Date: 11/5/2018
Pair / TF: EURUSD M15
Signal Type: S1 SHORT

Thoughts and Feelings: Good 3-4 pattern, shallow AO Wave 4, and good distance from the entry to Wave 3 peak. A no brainer.

P.S. - After careful thought, I've decided to focus on M15 and H1. I did backtesting and found there are plenty of good setups during the NY session which I'm available to trade.

DS1
Total DS: 4/6 (66%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +2R

Overall R result: +6R

[raklian]

Trade: B2-T7
Date: 11/12/2018
Pair / TF: USDCHF H1
Signal Type: S1 LONG

Thoughts and Feelings: Good 3-4 pattern, shallow AO Wave 4, and good distance from the entry to Wave 3 peak. Additionally, I checked H4 to see that it was in the midst of a strong trend given the open gator and first pullback in Wave 5. I need to keep checking those things.

DS1
Total DS: 5/7 (71%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +3R

Overall R result: +7R

[immy]

Trade: B2-T5
Date: 10/30/2018
Pair / TF: EURCAD H4
Signal Type: S1 SHORT

Thoughts and Feelings: Getting impatient with this setup. It already hit TZ1 so I should have not taken this trade but at the time I reasoned that the Wave 4 pullback was at least 50% so I should make the TZ2 the target instead. In hindsight, that was reckless since the pair was all over the place around the purple line to begin with. The 3-4 pattern ended long ago.

DS0
Total DS: 3/5 (60%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +1R

Overall R result: +5R

after seeing 3 and 4 when price goes across the purple and/or pullss back more than 50% setup is broken

[raklian]

after seeing 3 and 4 when price goes across the purple and/or pullss back more than 50% setup is broken

This is really good to know so I'll take this to heart. Thanks, Immy.

[raklian]

Trade: B2-T8
Date: 11/14/2018
Pair / TF: GOLD H1
Signal Type: S1 SHORT

Thoughts and Feelings: Shallow Wave 4 AO and narrow setup box. It just didn't follow through all the way to TP.

DS1
Total DS: 6/8 (75%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +2R

Overall R result: +6R

[raklian]

Trade: B2-T9
Date: 11/15/2018
Pair / TF: GOLD M15
Signal Type: S1 LONG

Thoughts and Feelings: A decent 3-4 pattern structure with impulsive candles in Wave 3. A shallow and smooth Wave 4 AO. An easy trade.

DS1
Total DS: 7/9 (77.7%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +3R

Overall R result: +7R

[raklian]

Trade: B2-T10
Date: 11/27/2018
Pair / TF: AUDUSD M1
Signal Type: S2 SHORT

Thoughts and Feelings: This S2 setup occurred during an active New York session. On a higher timeframe, I saw a robust AO wave down with dark bars, so I knew momentum was kicking in. I took the S2 since the box with the dot candle was overlapping with the purple line, so I patiently waited for a new box to appear below which it did.

DS1
Total DS: 8/10 (80%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +4R

Overall R result: +8R

[raklian]

Trade: B2-T11
Date: 11/28/2018
Pair / TF: USDCAD M15
Signal Type: S1 LONG

Thoughts and Feelings: This was a beautiful Setup 1. No further explanation needed.

DS1
Total DS: 9/11 (81.8%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +5R

Overall R result: +9R