Joel's Fruit Campaigns

[raklian]

Trade: B1-C10
Date: 1/30/2019
Pair / TF: DOW M1

Pre-trading market assessment: DOW broke a H1 high few hours ago and is trending up. Around NEO, DOW hit the H1 high to the left.

1. I was watching the market when this Setup occurred. I wanted to take it but I had to stick with the trading plan which is to start trading around NEO. In the future, I'm hoping to start trading earlier.

2. FBOX & FB - I was thinking since the trend was up and the gator started to sleep, I thought to take a breakout of the box and then the add on at the next box level. It turns out it bounced off a resistance level from the H1 box high to the left. I had accounted for the H1 high earlier when I was doing the pre-trading assessment but didn't consider it when I tried trading this breakout at the open. I thought S/R didn't matter and that they only look good in hindsight. What I chose to neglect was the "possibility" that DOW could reverse at that level. I should have waited for a convincing breakout above the level before considering trading it. Got to keep that in mind. RENT

3. I had cold feet and exited the trade when I reminded myself DOW hasn't breached the H1 high yet. I was so focused on taking this trade I forgot about that important detail. I need to remember levels, at least the ones that price actually bounced off. Also, in hindsight, this trade shouldn't have been entered in the first place. At the time of the first entry, the gators were inside a box so it was a FBOX but it was greater than 40 pips, too big for my comfort.

4. DOW finally breached the H1 high and then pulled back to create a shallow wave 4. A Setup 3-4-5 formation. I entered at the break of the box and DOW quickly spiked up. Apparently, I added a FAO on top of the spike. Immy later explained to me to think about the average price and what that entails for adding positions so far away from the gator. In hindsight, adding FAO at that point was a TERRIBLE IDEA. I also resolved to not trade FAO for these types of entries.

5. I didn't enter when I should have. I was distracted with chatting in slack.

6. The strong move up was from a big news. I anticipated this Setup before entering FBOX and FB. There is a third position which is the FAO but I'm not going to trade that anymore.


DS for the Day: DS0
Total DS: 1/10 (10%)

[raklian]

Trade: B1-C13
Date: 2/4/2019
Pair / TF: DOW M1

Pre-trading market assessment: Looked at H1 chart and see that DOW has been ranging in a narrow box all night. It is clear that we need to wait for a breakout of this range to consider trading any setups.


Not too long after NEO, DOW breached the lower level of the H1 box but it was short lived and no setups were found. DOW reversed and accelerated upwards. It was still inside the tight H1 range when my trading time ended, so that was it for the day.

I came back to check later and saw it had broken above the H1 box and created a 3-4-5 setup that I missed. I would have entered it had I been sitting on my chair looking at this chart.

Overall, I think I did pretty well in avoiding bad trades. I learned to be patient and wait for the market to show its hand which it didn't do for much of the day. I consider this skill to be as equally important as taking trades in the proper way.

DS for the Day: DS1
Total DS: 2/13 (15.3%)

[immy]

Trade: B1-C13
Date: 2/4/2019
Pair / TF: DOW M1

Pre-trading market assessment: Looked at H1 chart and see that DOW has been ranging in a narrow box all night. It is clear that we need to wait for a breakout of this range to consider trading any setups.


Not too long after NEO, DOW breached the lower level of the H1 box but it was short lived and no setups were found. DOW reversed and accelerated upwards. It was still inside the tight H1 range when my trading time ended, so that was it for the day.

I came back to check later and saw it had broken above the H1 box and created a 3-4-5 setup that I missed. I would have entered it had I been sitting on my chair looking at this chart.

Overall, I think I did pretty well in avoiding bad trades. I learned to be patient and wait for the market to show its hand which it didn't do for much of the day. I consider this skill to be as equally important as taking trades in the proper way.

DS for the Day: DS1
Total DS: 2/13 (15.3%)

Not taking trades is surely a skill. When marekt is clearly range bound, usually volaility is low and no momentum. The box really helps in this respect. Once its out of that zone. nothing can seemingly stop it. Trends Tend to Persist. One looks at the h1 chart and wonders? what if I had taken that trade and let it run. I'd have caught even today's price action. hmmmm

[raklian]

Trade: B1-C14
Date: 2/5/2019
Pair / TF: DOW M1

Pre-trading market assessment: Strong uptrend after breaking a narrow H1 range. At NEO, it broke out of M15 box to the upside and gator is open.

1 FBox - DS0: No clear setup in hindsight

2 FBox & FB - DS0: FBox entry ok but the add-on was too far away so the average price was terrible.

3 FBox & FB - DS0: Botched exit for the add-on position, should have exited either at close beyond green or box level

4 Setup 1 & FB - DS0: Terrible exit management. I should have exited add-on at the first fruit since the move down was very strong, and then exit the first position later at the break of the level near the bottom.

5 Setup 1 - DS1: Ok entry and exited at break of level.

6 FBox - DS0: No idea why I entered there. Looking at it now, there was NO reason to take this trade.

Comments: For the NEO open play, I should avoid any random FBox breaks, so I should take ones that have the 3-4-5 pattern either before or during the open.

I should stop adding on later in the move. I should only add on when the average price is favorable or results in a small loss should the market turn around at that instant.

Lastly, I need to trust the system more when it comes to holding profitable positions. I need to steel my resolve and exit at close of green or break of trailing level. I need to learn to accept small losses knowing I will hit trades in the future that will erase those rents.

DS for trades: 1/6 (16.7%) - starting counting from today.

DS for the Day: DS0
Total DS: 2/14 (14.2%)

[raklian]

Trade: B1-C15
Date: 2/6/2019
Pair / TF: DOW M1

Pre-trading market assessment: Just broke out of a H1 high but gator is sleeping. Market is still inside M15 box close to its high. Need to watch out for fake outs near there.

1 Open play FBOX breakout. I was thinking the breakout to the upside is the 5th wave, but in hindsight, since it was still in the purple line area, it could have gone either way so it's basically a coin toss. And besides, we're hovering near the M15 high. Not a good way to try skew probabilities in your favor. I should have only gone in if there was a very clear setup. DS0

2 I was trying to trade setup but a earlier downward spike was too impulsive and price was still hovering around the purple line. At that point, there was no edge or advantage. The funny thing is that I knew that beforehand but still went ahead with the trade. A breach of discipline. DS0

3 A ok FBOX trade but I exited prematurely due to nervousness. If it was a losing trade, I should have let it hit the SL. DS0

DS for trades: 1/9 (11.1%)

DS for the Day: DS0
Total DS: 2/15 (13.3%)

[raklian]

Trade: B1-C16
Date: 2/7/2019
Pair / TF: DOW M1

All trades (1-4) are DS0 as they were entered late into the session, and in hindsight, they occurred within opposing trends on higher timeframes.

DS for trades: 1/13 (0.76%)

DS for the Day: DS0
Total DS: 2/16 (12.5%)

[raklian]

Trade: B1-C17
Date: 2/8/2019
Pair / TF: DOW M1

Pre-trading market assessment: Both M15 and H1 show downtrend with open gators.

1 - Cherry trade: got out at fruit (DS1)

2 - Setup 1 trade: I should have exited just the add-on position at the fruit and let the initial position run or exit at close beyond green gator. (DS0)


DS for trades: 2/15 (0.13%)

DS for the Day: DS0
Total DS: 2/17 (11.7%)

[immy]

Trade: B1-C16
Date: 2/7/2019
Pair / TF: DOW M1

All trades (1-4) are DS0 as they were entered late into the session, and in hindsight, they occurred within opposing trends on higher timeframes.

DS for trades: 1/13 (0.76%)

DS for the Day: DS0
Total DS: 2/16 (12.5%)

Hello Joel!!

I'm back and the first thing I saw was this. And my response was
"WTF is going on mate? This is not trading " and have you been trading less or have you not updated your journal?

But i know exactly what it is. IT's the silliness of M1 time frame.

Restrict yourself to 1. Your time of trading only 2. Trade ONLY The Classic Break into the next wave. won't call it wave 5 won't call it tZ1. just the NEXT wave, with purple corrrect. TRADE only those setups.

cheers