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ps: now that I've said the above, can you tell me if your trade was within up or down trend on the D1 chart?
I was in a down trend, so I guess that is what it continued doing.
The trigger candle was green, and the seed was above the MA line. It appears now this was not the bottom of the down trend and the start of the upwards trend.
"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"
Eur/Jpy D1 Waltz
Trigger candle, then seed, PO placed. Second seed still ok. Filled and falling
End result was 2R
R result to date for this batch: +4R
DS score for batch: 6/13
Overall total R score: (all batches) +12.5R
My Feelings and Analysis at the time of entry and afterwards -Seeing the second seed I questioned if it was still valid, but after discussions confirmed. Held firm and it filled.
What could I have done different? My SL and TP were incorrect and I missed the 2R initially, lucky it came back and dropped again to finish with the 2R. This is the 3rd wrong positioning and something that I need to work on.
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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"
On review I need to sort this as overall this has been the downfall for this batch.
Even though this one worked it may not have and then I would have missed the 2R on offer.
Recap on the last few trades:
Taking gold and silver together (1R), missing a BE (due to wrong positioning) (1R), getting a BE rather than the 2R (2R) and if Eur/Jpy had not given me the 2R and BE instead (2R), this would be a total of 6R that I would have missed.
This is the area I need to work on and control.
Problem identified now to fix it.
"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"
Eur/Jpy D1 Waltz
Trigger candle, then seed, PO placed. Second seed still ok. Filled and falling
End result was 2R
R result to date for this batch: +4R
DS score for batch: 6/13
Overall total R score: (all batches) +12.5R
My Feelings and Analysis at the time of entry and afterwards -Seeing the second seed I questioned if it was still valid, but after discussions confirmed. Held firm and it filled.
What could I have done different? My SL and TP were incorrect and I missed the 2R initially, lucky it came back and dropped again to finish with the 2R. This is the 3rd wrong positioning and something that I need to work on.
The Discipline Score is dizzyingly low. You must do EVERYTHING to bring the score to 100% but at least above 80%.
However there are others, with whom you don't have a competition, but I say only to make a point, that don't even know whether they are disciplined or not. And Trading Success solely depends on Discipline Score.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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.
The Discipline Score is dizzyingly low. You must do EVERYTHING to bring the score to 100% but at least above 80%.
However there are others, with whom you don't have a competition, but I say only to make a point, that don't even know whether they are disciplined or not. And Trading Success solely depends on Discipline Score.
Immy I have been particular tough on myself this time round, the first few were from learning the system. The rest are any little thing wrong it doesn't score. I agree this score needs to come up. I feel I have identified an area that needs work, my SL and TP placement, and this should help.
Thanks for the imput
Vicky
"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"
Chf/Jpy D1 Waltz
Trigger candle, then 2 small waltz candles, this one was called out by Merry.
End result was BE
R result to date for this batch: +4R
DS score for batch: 7/14
Overall total R score: (all batches) +12.5R
My Feelings and Analysis at the time of entry and afterwards -This one was called out on the forum. Trigger candle and then small waltz candles. Started well and BE quickly.
What could I have done different? TP point was below the last lowest point to the left, BE was possible but the TP may not have been. Watch for this next time.
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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"
Aud/Nzd D1 Waltz
Trigger candle, seed. Started strong to BE. Bounced before TP.
End result was BE
R result to date for this batch: +4R
DS score for batch: 8/15
Overall total R score: (all batches) +12.5R
My Feelings and Analysis at the time of entry and afterwards - Good entry. After the intial move to BE it has bounced about. Immy predicted this would bounce back up to BE. Option of taking half at 1R and let the rest play out was discussed.
What could I have done different? Exit managed better, as above I could have taken half at 1R to take some profit, it could then be left to see if it continued or ended up at BE. On review it touched the bottom on the lower box 3 times before changing direction, watch for this next time.
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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"
Aud/Usd D1
Trigger candle, Doji. slow and steady on this one.
End result was 1.5R
R result to date for this batch: +5.5R
DS score for batch: 9/16
Overall total R score: (all batches) +14.0R
My Feelings and Analysis at the time of entry and afterwards - Trigger candle stood out when called out by Immy. Trigger candle was at the start of the trend. Small Doji. Good trade
What could I have done different? Could have gone with a 2R TP, it did reach the same level as the box low to the left.
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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"
Aud/Jpy D1
Trigger candle, Doji. slow and steady on this one.
End result was 1.5R
R result to date for this batch: +7R
DS score for batch: 10/17
Overall total R score: (all batches) +15.5R
My Feelings and Analysis at the time of entry and afterwards: - Initally concern to take too Aud pairs at the same time, but the signal was strong and a doji. 1.5R TP was good on this one, it has slowed near the box low to the left.
What could I have done different: Overall I was happy with this trade.
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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"
Eur/Nzd D1
2 large Trigger candle, 2 small candles 1 doji. BE. I had adjusted my SL just above BE the next day, so end result was a small profit.
End result was BE
R result to date for this batch: +7R
DS score for batch: 10/18 (no Ds due to moving SL up)
Overall total R score: (all batches) +15.5R
My Feelings and Analysis at the time of entry and afterwards: - On reviewing D1 in the morning I stopped on this pair. The candle formation stood out. On dropping to H1 I noticed it was looking like a setup long, a recheck an hour later on H1 confirmed the set up and the PO was placed.
What could I have done different: My inital thought was I should not have adjusted my SL, but on review the outcome would have been the same, it would not have made the 2R.
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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"
