Joel's Fruit Campaigns

[raklian]

Ameritrade thinkorswim
Best software.
And once u master trading m1
The world of trading stocks on m1 will open to you as well

What about futures such as SP500 e-mini? I have considered trading it in the past but never got around to do it. I can trade it on M1 like we do with DOW or DAX due to its high volatility to spread (actually it's commission) ratio.

More importantly, I'm thinking about how I will move from using indicators we have here on MT4 to ones on the Thinkorswim platform. What are the indicators on the Thinkorswim platform that are the equivalents to the ones we use for the Fruit strategy? These are just my thoughts at this point. Of course, I'm going to worry about it later, after I've mastered trading M1.

But thanks for opening up another possibility for me, Immy.

[immy]

Ameritrade thinkorswim
Best software.
And once u master trading m1
The world of trading stocks on m1 will open to you as well

What about futures such as SP500 e-mini? I have considered trading it in the past but never got around to do it. I can trade it on M1 like we do with DOW or DAX due to its high volatility to spread (actually it's commission) ratio.

More importantly, I'm thinking about how I will move from using indicators we have here on MT4 to ones on the Thinkorswim platform. What are the indicators on the Thinkorswim platform that are the equivalents to the ones we use for the Fruit strategy? These are just my thoughts at this point. Of course, I'm going to worry about it later, after I've mastered trading M1.

But thanks for opening up another possibility for me, Immy.

Yes, any of the US indices, the one that you can get with the cheapest commission/spread would do Emini S&P is the big boys game. Oh yes. First learn to Trade the M1 chart, with discipline. then we gradually challenge ourselves by increasing lots sizes. Just like Weight Lifting. We put on weight which to mind looks like "too little". I Started Lifting from 60KG. 3 days workout. 5x5 routine. Mondy, Wed, Friday. 5 Sets of Squats 5 reps each. 1.5 to 3 min rest between sets. I never hit plateau until 142KG. Then I dropped to 120, made my way back to 142 and went through it, stopped at 150, ... back to 130. and then I hit next plateau at 159. I never tried after that. Now I just squat 120. Easy without challenging myself.

I have type 2 diabetes.

Everytime I added 1.25KG to each side. 2.5KG increase. The mind always objected. Its nothing, add 5KG at least. Nope. if you do that, you hit plateu early. Trading is 90% mental.

If you think your lot size is LOW that's probably exactly what it should be. So first is. at least 80% discipline. You be the judge.
Then we start increasing lots. The moments lots size, increase discipline numbers will start to fall. we will then have to back off. start again. and go through...

The losing traders lose, 90% of them do that. The winning traders, do ALOT of work... and when the get to the winning side, eventually, they don't just make money. THEY MAKE HELL LOT OF MONEYL>..... its in the MIND

Now GIVE ME MY POST

[raklian]

Trade: B1-C4
Date: 1/18/2019
Pair / TF: DOW M1


What a disastrous day. I stopped trading for the day after I reached the daily hard stop loss of 0.025%.

Pre-trading market assessment: Trending up and looks like it's in middle of Wave 5 on several TFs above. Bias is trend up with a chance for a reversal.

1 - Just before the NEO at 17:00, DOW made a short-term move up with a completed 1-5 cycle. I was thinking a reversal to the downside was possible. At NEO bar, it created an engulfing candle that encompassed the wave 4 & 5 of the small move prior to it, so I entered at just beyond the candle low. It was going nowhere for five candles after that, so I got bit apprehensive and thought it might be a bottom of wave 4 and will spike up, so I exited there.

In hindsight, the whole thing was idiotic. LOL I let my thinking that it was going to reverse anytime soon due to the count being Wave 5 blinded me from seeing the obvious. The box was way over 30 pips and I shouldn't have thought about trading it. The spike up before the drop was a nice rubber band action but there was no fruit signal, so it was a non-starter to begin with. And we don't trade engulfing candles on their own at this point. It's not even one of the rules for beginners.

2- Why did I enter there? I definitely remember it was because of the fear of missing out a trade. I broke one of the cardinal rules of successful trading. At this point, I was thinking the box as a Fbox to trade at its breakout at the bottom. My bias was to short because I was still thinking about that Wave 5 count from earlier. Those thoughts were still lingering.

3 - Of all the trades for this day, this gave me the most trouble. At first, I was seeing this as a perfect Fbox breakout to the upside so I entered at box level break. But then next candle formed a fruit signal, the notion of this being a Fbox breakout went out of the window. I closed the trade at a loss and entered a short under the fruit bar. Why? Maybe it was because I suddenly (more like shifting my focus) was seeing things such as the move down was Wave 3 and this fruit signal sat on top of Wave 4. Then of course, the fruit signal trade got stopped out as it went up. It turned out it was a Fbox break after all. I was still confused so I didn't enter trades at these subsequent levels

4 - What trade wast that? I absolutely have no idea. It made sense at the time but now it's not even part of the fruit strategy. I was thinking that the spike up was a "last gasp" before dropping. I was still thinking about that wave 5 count from earlier. I kept thinking it will drop anytime now. I was letting me thinking doing the "seeing" rather than seeing what I'm seeing. The trend was up overall according to the H1 and D1 charts, but I attempted to short. It turns out there was NO REASON, at least no GOOD REASON, to go short around this point.

I need to let the bias of the overall trend determine where to put trades where they make sense. It's what I need to focus on.

From now on: Focus on taking breakout trades with Fbox that has around 30 pips or less. Do not trade fruit signals that are not clear (even you know there is a chance it's a Wave 4). Most of the time, trade with the trend - it is possible to go on days without trading fruits.

DS for the Day: DS0
Total DS: 0/4 (0%)

[immy]

ah, finally i get to read the Raklian Report.

What an interesting trading session. I'm sure you must have been disgusted and probably even confused. Why did I short there , ? why did I go long and then immediately short and then kept watching?

Why the hell did I consider "engulfing candle" whatever the heck is engulfing candle. Where is it mentioned in the fruit trading method? how does it increase my trading edge? Do markets always follow wave counts?

I am so glad that you took those trades and recorded them and commented on them. It looks like one of those days when I completely forget who i am as a trader. My chart looks like this. I laugh hysterically ... in disbelief. Happens to me every now and then. its normal. you have to learn from it. I remind myself, I have set a goal based on these experiences. I keep doing "reality check" am I seeing what should be seeing? I go out of trading room. Come back quick and things improve.

If you did not record it, you won't even know "the CURSE of M1" day happened to you. Tunnel vision.

I took had a bit of the bias. I was short biased I added to my losing trades, and I kept on and then later had the audacity to share the "screenshot of the victory".However, during the weekly review on Saturday, i was disgusted with myself for doing that. it was great trade "only" because it did eventually turn around in the direction I was hoping it will go. Had it turned into a bigger loser, I'd be disgusted and asking, WTH was I doing. So I stand corrected as well. What did I learn from this? I have reminded myself to NEVER add to losing trades. Its one of my cardinal rules.

This is INTRADAY Trading. it can make you rich but you have to LEARN to deal with this shit. Thats' why we have the Daily and weekly stop losses. So that we can protect ourselves from ourselves.

Well done on stopping when you hit your daily SL. its a GREAT rule.

Do your counts AFTER the Open. Open is what we call THE CIP. Chaos Influx Point. That's where the NEW waves start from. You are trading m1, you are sitting at the origin of the river. You don't have to know where does the river bend down in the planes. You are there in the mountains where the ice is melting. How strong is the current in the river at down there doe not concern you. a HTF is like that for M1. The pattern that is visible on h1, is too late for you.

ps: this thing kept happening to jozef for a few months. until he finally found the answer. Now it does not happen to him more often.

[raklian]

Do your counts AFTER the Open. Open is what we call THE CIP. Chaos Influx Point. That's where the NEW waves start from. You are trading m1, you are sitting at the origin of the river. You don't have to know where does the river bend down in the planes. You are there in the mountains where the ice is melting. How strong is the current in the river at down there doe not concern you. a HTF is like that for M1. The pattern that is visible on h1, is too late for you.

This is a very good advice. I'm adding this to a document that I have on my desktop entitled: "Pearls of Trading Wisdom by Immy".

[raklian]

Trade: B1-C5
Date: 1/22/2019
Pair / TF: DOW M1

The train wreck keeps on giving.

I'm expecting this this sort of situation to continue for few weeks or even few months which is how long it will probably take my mind to internalize the lessons I'm trying (as well as Immy's) to teach myself.

This time, I'm gonna keep my comments straight to the point and brief. I'm gonna be doing journals like this for months to come, so need to be more efficient about it.

1 & 2 - breakout trades that ended up as rents

3 - why did I take a third breakout trade, with the box being over 30 pips? BIG RENT

4 - wrong time to take a fruit entry. Should have known that since the market finally broke free from that tight range it was gonna drop far and hard RENT

5 - I think it was an okay fruit entry but I shouldn't have expected much out of it RENT

6 - Setup 1 / Fbox breakout trade RENT

7 - Another attempt at Setup 1 /Fbox breakout ONLY PROFITABLE TRADE OF THE DAY I exited at the TZ1 level but then Immy said it doesn't matter when the market is strongly trending.

8 - Adam's apple attempt - managed to add FAO but market wanted to do the C 2x RENT

At this point, I need to start thinking about being more "picky" about which moves to trade and become a SPECIALIST at it.

Already, I'm horrible at breakout trades at the open. It's probably due to my weak knowledge about how to analyze market conditions leading up to the open. I'm going to hold off trading open plays until I have more experience with the fruit strategy overall. This means I'm not going to be salivating for trades right out of the gate, so I'll be waiting until the market calms down and gets its bearings.

I'm still going to do box breakouts but that's after the market has calmed down and starts MOVING, and I will trade them in line with the trend, current or HTF. Setup 1/2 types are good to begin with. I will use the purple line as the trend.

Will trade fruits but this time I want to focus on trading them after a move has made a clear 1-5 cycle and the AO has matured by peaking with at least two dark zones in it.

Immy, can I do cherry/seed-type trades when the market is making a strong impulsive move, then retracing with a few candles to the area of red/green gators, creating dark bars in the AO, and then enter at the breakout of the candle? Cherry and seed indicators aren't necessary, right? I can ONLY trade them under the right conditions.


DS for the Day: DS0
Total DS: 0/5 (0%)

[immy]

Hi Joel

Read the post, very interesting and enlightening. You are on the right track. You have or are developing a growth mindset.

You are not upset with yourself that you are not the master of it. You are not assuming you were born a trader. (no one is)

You understand the important of Deliberate Practice in order to achieve mastery. thats great attitude.

I like that you're taking a lot of trades. on this way you will know which types of entries you like the most. "you will create your playbook". wink wink

if you want to add cherries and seeds, that's fine but use them Sparsely. very rarely. they can interfere with the fruit method which is already very fast.

onward and forward we go...

[raklian]

Trade: B1-C6
Date: 1/23/2019
Pair / TF: DOW M1

Pre-trading market assessment: DOW was moving and made a large 3-4-5 uptrend move before the NEO.

1 - Fruit entry & FAO: Considered this fruit because area is in TZ on M1 and H1 where complete 1-5 cycles identified. 2x RENT

(Immy, I noticed my chart didn't have a fruit signal at 16:51 like yours did)

2 - I could have shorted at Fbox break if it wasn't for the fact I kept thinking we were trending up

3 - Apple that didn't work out. Next time, I should not take apples when all signs point the move up showing exhaustion and is in TZ - RENT

4 - Fruit entry - that was a dumb one. No REASON for it. RENT

5 - Hunt signal: The move down was impulsive and AO made new peak and dark bars. Add on at box break few levels later. That was a dumb MISTAKE. PROFIT

6 - Setup 1 type Fbox break - That was a classic. No explanation needed. PROFIT

Overall, a losing day but not as steep as the previous day. I think that's progress!

Of course, still have work to do in refining how I trade this system.


DS for the Day: DS0
Total DS: 0/6 (0%)

[raklian]

Trade: B1-C7
Date: 1/24/2019
Pair / TF: DOW M1

Pre-trading market assessment: DOW was moving in a tight range until ECB news where it broke out to the downside with a strong impulsive move before creating a sideways movement not different from a Setup 1.

1 - Setup 2-like box break but I exited when it broke through the high of the first bar that crossed the green gator. It turns out I should have not exited because, as Immy reminded me, that bar never really closed beyond the green gator. Lesson learned. REMT

2 - Setup 1 Fbox break short - it wasn't going any where and I exited when saw the double bottom. TINY PROFIT

I could have gone long at that fruit signal but I didn't see it as valid at the time.

3 - HUNT seed - prior move up was strongly impulsive and AO created red bars, so trading above that inside seed bar was prudent. It didn't go anywhere and it reached strong resistance level as evident to the left, so I exited when it broke through the ledge. TINY PROFIT

4 - Fbox break short - TINY PROFIT

5 - Setup 1 Fbox break short - I trailed as the candle formation was steep.

6 - TRADE of the DAY - the fully loaded fruit trade It had completed a Setup 1 formation, movement was near the bottom of today's range, was hovering inside TZ bouncing off the 100%, and showed a great angle to the gator. I knew the conditions were right to gamble.


DS for the Day: DS0
Total DS: 0/7 (0%)

[immy]

Ahhh, finally the Chronicle of Raklian arrives. The newspaper boys of New York would be running hard to get their copy every morning .