Joel's Journal

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raklian
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Re: Joel's Journal

Unread post by raklian »

Trade: B2-T12
Date: 11/28/2018
Pair / TF: GBPUSD M1
Signal Type: S2 SHORT

Thoughts and Feelings: Good wave 3 with a steady pullback into a small Wave 4. I waited for a new box after the pink dot signal before entering the trade. I took this trade during an active New York session.

Per Immy's response to this entry, I'm changing my DS to DS0 since trading M1 wasn't a part of my trading plan. For the 3rd batch, I will adjust the trade plan so I can trade M1, M5, and M15 (as well as H1) ONLY during London and New York sessions.

DS0
Total DS: 9/12 (75%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +6R

Overall R result: +10R
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Last edited by raklian on 30 Nov 2018, 03:39, edited 2 times in total.
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immy
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Re: Joel's Journal

Unread post by immy »

raklian wrote: 28 Nov 2018, 19:28 Trade: B2-T12
Date: 11/28/2018
Pair / TF: GBPUSD M1
Signal Type: S2 SHORT

Thoughts and Feelings: Good wave 3 with a steady pullback into a small Wave 4. I waited for a new box after the pink dot signal before entering the trade. I took this trade during an active New York session.

DS1
Total DS: 10/12 (83%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +6R

Overall R result: +10R
Give yourself a nice lovel Juicy Fat DS0... GU M1 is NOT part of your Trade Plan
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! 🍌
raklian
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Re: Joel's Journal

Unread post by raklian »

Trade: B2-T13
Date: 11/29/2018
Pair / TF: USDJPY M15
Signal Type: S1 SHORT

Thoughts and Feelings: In hindsight, the entry was too close to the peak of Wave 3 to the left. Shouldn't have entered this trade to begin with.


DS0
Total DS: 9/13 (69%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +5R

Overall R result: +9R
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raklian
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Re: Joel's Journal

Unread post by raklian »

Trade: B2-T14
Date: 11/29/2018
Pair / TF: GBPUSD M15
Signal Type: S1 SHORT

Thoughts and Feelings: Entry too close to Wave 3 peak, again. Got to remind myself to have at least 1R room to Wave 3 peak.


DS0
Total DS: 9/14 (64%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +4R

Overall R result: +8R
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raklian
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Re: Joel's Journal

Unread post by raklian »

Trade: B2-T15
Date: 11/29/2018
Pair / TF: GBPUSD M15
Signal Type: S1 SHORT

Thoughts and Feelings: Entered this trade during off-trading hours, so giving me a DS0 for this one. I'm going to try limit my trades during the London and New York sessions when the markets are active.


DS0
Total DS: 9/15 (60%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +3R

Overall R result: +7R
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immy
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Re: Joel's Journal

Unread post by immy »

raklian wrote: 30 Nov 2018, 03:31 Trade: B2-T14
Date: 11/29/2018
Pair / TF: GBPUSD M15
Signal Type: S1 SHORT

Thoughts and Feelings: Entry too close to Wave 3 peak, again. Got to remind myself to have at least 1R room to Wave 3 peak.


DS0
Total DS: 9/14 (64%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +4R

Overall R result: +8R
You should consider a cut off time. If trading M15, you definitely need to NOT trade after London Close on that pair. Not unless something is happening in the market and its alive and kicking...
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: Joel's Journal

Unread post by immy »

raklian wrote: 30 Nov 2018, 03:36 Trade: B2-T15
Date: 11/29/2018
Pair / TF: GBPUSD M15
Signal Type: S1 SHORT

Thoughts and Feelings: Entered this trade during off-trading hours, so giving me a DS0 for this one. I'm going to try limit my trades during the London and New York sessions when the markets are active.


DS0
Total DS: 9/15 (60%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +3R

Overall R result: +7R
Asian Session for GU? :no
Quality mate... not quantity ...
having said that, its your T20's so best to take whatever you think is right. if wrong, i'm here to comment... a slight nudge, a little kick in the behind... helps.. if you don'[t mind lol :bow :cowboy
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! 🍌
raklian
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Posts: 106
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Re: Joel's Journal

Unread post by raklian »

Trade: B2-T16
Date: 12/5/2018
Pair / TF: EURJPY M15
Signal Type: S1 SHORT

Thoughts and Feelings: Got whipsawed right off the bat. I thought to take this particular pair since it's an Asian pair. I'm starting to realize that the entire market really moves during the London/New York hours. I really need to engage those hours and stick with them.

Still giving myself a DS1 because it's a reasonable trade although not the most ideal.

Immy, please keep kicking me for something you think I could improve on. I know at some point down the road your leg will tire of it. :lol


DS1
Total DS: 10/16 (62.5%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +2R

Overall R result: +6R
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immy
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Re: Joel's Journal

Unread post by immy »

raklian wrote: 05 Dec 2018, 05:45 Trade: B2-T16
Date: 12/5/2018
Pair / TF: EURJPY M15
Signal Type: S1 SHORT

Thoughts and Feelings: Got whipsawed right off the bat. I thought to take this particular pair since it's an Asian pair. I'm starting to realize that the entire market really moves during the London/New York hours. I really need to engage those hours and stick with them.

Still giving myself a DS1 because it's a reasonable trade although not the most ideal.

Immy, please keep kicking me for something you think I could improve on. I know at some point down the road your leg will tire of it. :lol


DS1
Total DS: 10/16 (62.5%)
R:R – 1:1 with no BE
Trade Outcome: SL -1R

R result to date for this batch: +2R

Overall R result: +6R

The point is that you need to apply your edge. You have no edge in the market if nobody is trading. You can sit and have your trap set up in the fields of scotland, but if you're trying to catch a kiwi, you probably need to go to New Zealand.

The setup is there, but no orders to move the market. The orders will flow when the banks are open for business in europe.

and yes, the kicking is the only way to get the donkies running... keep working hard ... if not, here comes a kick... its my job.. not proud of it. but someone's gotta do it matey
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! 🍌
raklian
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Posts: 106
Joined: 09 Aug 2018, 02:50
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Re: Joel's Journal

Unread post by raklian »

Trade: B2-T17
Date: 12/5/2018
Pair / TF: GOLD H1
Signal Type: S1 LONG

Thoughts and Feelings: Noticed an engulfing candle prior to the blue dot, a telltale sign Wave 4 was likely ending. The pair took its time to reach TP, at one point it looked like it was going to reverse to the downside.


DS1
Total DS: 11/17 (64.7%)
R:R – 1:1 with no BE
Trade Outcome: TP +1R

R result to date for this batch: +3R

Overall R result: +7R
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