Hooray, I have finally finished my Trading Plan and put together a rudimentary EA to setup my Pending Orders and manage my trades. So it is time for me to publish my plan and reboot my T20 journals.
I found starting out difficult because I didn't quite understand the more intricate details of the S1 and of course, I keep missing out bits on the flowchart. Now with a better understanding, I am rebooting my T20 journals from 12 Nov 2019.
Here goes my trading plan. Journals to follow.
Edward's Journal - Rebooted
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Edward's Journal - Rebooted
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Trade Count : B1T1
Server Date/Time : 12-Nov-19 1:23
Pair : GBPUSD
Chart : M15
Dir : Buy
Size : 0.15
Price : 1.28595
SL : 1.28431
TZ1 : 1.29209
TZ2 : 1.29683
Exit Type : SL
Notes : Setup 1 identified on morning scan of chart. 71 bars w3+w4. Green dot appeared during rollover but smaller box later established with new levels and gator very much asleep. Good 2.9 RR to TZ1. Spread was not ideal but acceptable at 1.3 pips.
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -30.41
Post-mortem : Trade triggered but did not rally and then SL was taken
Score : 1
DS : 100
Server Date/Time : 12-Nov-19 1:23
Pair : GBPUSD
Chart : M15
Dir : Buy
Size : 0.15
Price : 1.28595
SL : 1.28431
TZ1 : 1.29209
TZ2 : 1.29683
Exit Type : SL
Notes : Setup 1 identified on morning scan of chart. 71 bars w3+w4. Green dot appeared during rollover but smaller box later established with new levels and gator very much asleep. Good 2.9 RR to TZ1. Spread was not ideal but acceptable at 1.3 pips.
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -30.41
Post-mortem : Trade triggered but did not rally and then SL was taken
Score : 1
DS : 100
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Trade Count : B1T2
Server Date/Time : 12-Nov-19 1:23
Pair : GBPJPY
Chart : M15
Dir : Buy
Size : 0.16
Price : 140.239
SL : 140.008
TZ1 : 140.685
TZ2 : 141.098
Exit Type : SL to BE
Notes : Another good looking S1 with good bar count. PO setup on new green dot level on basis that gator still tight asleep. 1.9 RR to TZ1
Entry Chart :
Exit Chart :
Status : BE
Profit/Loss : 4
Post-mortem : Rallied to 1R+ but did not reach TZ1. EA moved SL tio BE + 2 pips. GBP fell on LO and trade was closed at BE (after transaction costs)
Score : 1
DS : 100
Server Date/Time : 12-Nov-19 1:23
Pair : GBPJPY
Chart : M15
Dir : Buy
Size : 0.16
Price : 140.239
SL : 140.008
TZ1 : 140.685
TZ2 : 141.098
Exit Type : SL to BE
Notes : Another good looking S1 with good bar count. PO setup on new green dot level on basis that gator still tight asleep. 1.9 RR to TZ1
Entry Chart :
Exit Chart :
Status : BE
Profit/Loss : 4
Post-mortem : Rallied to 1R+ but did not reach TZ1. EA moved SL tio BE + 2 pips. GBP fell on LO and trade was closed at BE (after transaction costs)
Score : 1
DS : 100
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Trade Count : B1T3
Server Date/Time : 14-Nov-19 2:31
Pair : EURJPY
Chart : M15
Dir : Sell
Size : 0.25
Price : 119.701
SL : 119.808
TZ1 : 119.444
TZ2 : 119.231
Exit Type : SL
Notes : M15 Setup 1 with good open gator on H1. All S1 boxes are ticked
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -32
Post-mortem : Trade triggered and SL taken. Pink dot subsequently appeared with gator still asleep but box is now on the big side (17 pips) and has less than 1R to TZ1
Score : 1
DS : 100
Server Date/Time : 14-Nov-19 2:31
Pair : EURJPY
Chart : M15
Dir : Sell
Size : 0.25
Price : 119.701
SL : 119.808
TZ1 : 119.444
TZ2 : 119.231
Exit Type : SL
Notes : M15 Setup 1 with good open gator on H1. All S1 boxes are ticked
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -32
Post-mortem : Trade triggered and SL taken. Pink dot subsequently appeared with gator still asleep but box is now on the big side (17 pips) and has less than 1R to TZ1
Score : 1
DS : 100
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Trade Count : D1T1
Server Date/Time : 14-Nov-19 11:55
Pair : DAX30
Chart : M15
Dir : Sell
Size : 1.2
Price : 13179.4
SL : 13194.9
TZ1 : 13163.8
TZ2 : 13145.9
Exit Type : SL to BE
Notes : Following on from discussions on whether we had a S1 at LO, wave 5 became another w3 and S1 appeared and was taken.
Entry Chart :
Exit Chart :
Status : BE
Profit/Loss : 0
Post-mortem : TP too close to TZ1. EA moved SL to BE to close at BE
Trade Score : 1
Trade DS : 100
Day Score: 1
Day DS: 100
Server Date/Time : 14-Nov-19 11:55
Pair : DAX30
Chart : M15
Dir : Sell
Size : 1.2
Price : 13179.4
SL : 13194.9
TZ1 : 13163.8
TZ2 : 13145.9
Exit Type : SL to BE
Notes : Following on from discussions on whether we had a S1 at LO, wave 5 became another w3 and S1 appeared and was taken.
Entry Chart :
Exit Chart :
Status : BE
Profit/Loss : 0
Post-mortem : TP too close to TZ1. EA moved SL to BE to close at BE
Trade Score : 1
Trade DS : 100
Day Score: 1
Day DS: 100
Last edited by edwardko on 19 Nov 2019, 22:58, edited 1 time in total.
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Trade Count : B1T4
Server Date/Time : 15-Nov-19 2:16
Pair : AUDUSD
Chart : M15
Dir : Sell
Size : 0.28
Price : 0.67829
SL : 0.67901
TZ1 : 0.67481
TZ2 : 0.67235
Exit Type : SL
Notes : AU appears more developed in terms of the length of w4 compared to other AUD pairs. It is also closer to purple. SL adjusted to take into account new upper box level that is forming. H1 gator is still open but less so than the other two AUD pairs but nevertheless on w3.
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -30
Post-mortem : SL taken - prices pushed to purple. Will continue rto monitor for possible further S1
Score : 1
DS : 100
Server Date/Time : 15-Nov-19 2:16
Pair : AUDUSD
Chart : M15
Dir : Sell
Size : 0.28
Price : 0.67829
SL : 0.67901
TZ1 : 0.67481
TZ2 : 0.67235
Exit Type : SL
Notes : AU appears more developed in terms of the length of w4 compared to other AUD pairs. It is also closer to purple. SL adjusted to take into account new upper box level that is forming. H1 gator is still open but less so than the other two AUD pairs but nevertheless on w3.
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -30
Post-mortem : SL taken - prices pushed to purple. Will continue rto monitor for possible further S1
Score : 1
DS : 100
Last edited by edwardko on 21 Nov 2019, 07:36, edited 1 time in total.
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Trade Count : D2T1
Server Date/Time : 18-Nov-19 9:56
Pair : DAX30
Chart : M1
Dir : Buy
Size : 6.1
Price : 13251.7
SL : 13242.2
TZ1 : 13263.6
TZ2 : 13276.8
Exit Type : SL to BE
Notes : Dax moved up on FO and then went flat prior to LO. Blue dot at 9:55 and PO taken at 9:57
Entry Chart :
Exit Chart :
Status : BE
Profit/Loss : 5
Post-mortem : Prices spiked up sufficiently to move SL to BE+2 pips which was then taken
Trade Score : 1
Trade DS : 100
Server Date/Time : 18-Nov-19 9:56
Pair : DAX30
Chart : M1
Dir : Buy
Size : 6.1
Price : 13251.7
SL : 13242.2
TZ1 : 13263.6
TZ2 : 13276.8
Exit Type : SL to BE
Notes : Dax moved up on FO and then went flat prior to LO. Blue dot at 9:55 and PO taken at 9:57
Entry Chart :
Exit Chart :
Status : BE
Profit/Loss : 5
Post-mortem : Prices spiked up sufficiently to move SL to BE+2 pips which was then taken
Trade Score : 1
Trade DS : 100
Last edited by edwardko on 19 Nov 2019, 22:59, edited 2 times in total.
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Trade Count : D2T2
Server Date/Time : 18-Nov-19 11:57
Pair : DAX30
Chart : M1
Dir : Sell
Size : 1.3
Price : 13219.1
SL : 13232.8
TZ1 : 13184.9
TZ2 : 13160.6
Exit Type : SL
Notes : Bearish wave 3 with a wave 4 correction just bouncing off purple and purple just clipping AIMS box.
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -29
Post-mortem : Trade triggered but lower prices rejected to cause SL to be taken.
Trade Score : 1
Trade DS : 100
Day Score: 1
Day DS: 100
Server Date/Time : 18-Nov-19 11:57
Pair : DAX30
Chart : M1
Dir : Sell
Size : 1.3
Price : 13219.1
SL : 13232.8
TZ1 : 13184.9
TZ2 : 13160.6
Exit Type : SL
Notes : Bearish wave 3 with a wave 4 correction just bouncing off purple and purple just clipping AIMS box.
Entry Chart :
Exit Chart :
Status : Lost
Profit/Loss : -29
Post-mortem : Trade triggered but lower prices rejected to cause SL to be taken.
Trade Score : 1
Trade DS : 100
Day Score: 1
Day DS: 100
Last edited by edwardko on 19 Nov 2019, 23:00, edited 1 time in total.
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Edward's Journal - Rebooted
Congratulations on Completing your trading plan and starting your new journal.
Its the best thing you could have done ever to put yourselves in the top 5% in the world.
Although I see you have a tough and rough start. That's a great lesson. If you survive this, you will come out stronger better trader on the other side
all the best
Its the best thing you could have done ever to put yourselves in the top 5% in the world.
Although I see you have a tough and rough start. That's a great lesson. If you survive this, you will come out stronger better trader on the other side
all the best
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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edwardko
- AIMSter
- Posts: 35
- Joined: 05 Oct 2019, 11:34
- 6
Re: Edward's Journal - Rebooted
Thanks Immy for your word of encouragement. I will do my best to learn from the best.