Ganesh Trading Journal

[immy]

1. Trade Number: 8/20 Batch 5
2. Date/Time: 09/04/2020 - Morning Session
3. Symbol/TF: EU
4. Signal Type / Direction: Cherry Short
5. The situation on M5: No clear indication; FO open, potentially into new impulsive wave.
6. Comments and Feelings at the Time of Taking The Trade: Sentiment was strong; currencies flying; took the momentum and took the short.
7.Comments and Trades After Exiting the Trade: My pre-defined SL strategy is strong; used trailing stop here but still need to define exactly TM plan once I hit 1R
8. DS For this Trade: 1DS
9. DS Running Total: 83% (7/8)
10. Result: +3
11: Badge R: 3.8R (Target 10)
12. Psychological Return: +4
13. Market Sentiment: Moving
13. Screenshot:
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1. Trade Number: 9/20 Batch 5
2. Date/Time: 09/04/2020 - Morning Session
3. Symbol/TF: EU
4. Signal Type / Direction: S1 Short
5. The situation on M5: Well could have been start of impulsive wave down but wasn't...
6. Comments and Feelings at the Time of Taking The Trade: Based on above; felt strong sentiment and all factors added up; apart from large box in relation to the move; but still small in pips value...
7.Comments and Trades After Exiting the Trade: My new TM helped to get out of 0.5Rent; new TM if price closes or goes clearly above red line I'm out.
8. DS For this Trade: 1DS
9. DS Running Total: 88% (8/9)
10. Result: -0.5
11: Badge R: 3.3R (Target 10)
12. Psychological Return: +5
13. Market Sentiment: Moving
13. Screenshot:
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1. Trade Number: 10/20 Batch 5
2. Date/Time: 09/04/2020 - Morning Session
3. Symbol/TF: UC
4. Signal Type / Direction: Cherry Long
5. The situation on M5: Potentially new impulsive wave up
6. Comments and Feelings at the Time of Taking The Trade: Again market was flying in the morning, clear monarch went in.
7.Comments and Trades After Exiting the Trade: Price went to 1R, back to BE and I was out...
8. DS For this Trade: 1DS
9. DS Running Total: 90% (9/10)
10. Result: 0
11: Badge R: 3.3R (Target 10)
12. Psychological Return: +6
13. Market Sentiment: Moving
13. Screenshot:
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Hi noticed something

You're going too fast. Batch 5 and you've already added more pairs and trying different trade management etc.
Take it slow... slow down... don't change too many things too fast...
Remember you're doing T20 on the M1 chart. You gotta do at least 10 batches using the same method.
here is a shocker

THE URGE TO CHANGE = LOSING DISCIPLINE

Part of the vital objective of the T20 principle is to be able to STICK TO SOMETHING for at least 5 BATCHES...

But suppose we say , what's done is done. and lets say it. Lets say you're comfortable with what you have now. The Question now is ...will you stick to THIS current setup for the next 5 batches? or will you be somewhere else? if that continues to happen, where you will be at, by the end of the year. THINK... I think you should NOT make a further change for the NEXT 5 batches. IF you do so, you'll enter Stage 3... CHANGES are made in STAGE 3...

[immy]

Hi Aimsters,

I would like to introduce myself. My name is Ganesh and I’m from London. I was first introduced to trading in 2013 and straight away felt like this was my life calling. Unfortunately, it wasn’t as easy as many YouTube videos were promising, and I went from trying to giving up and then trying again and giving up. Time past by and in the mean time I was able to build a successful business, but I still felt that trading is something I wanted to do in the long term. So last September I decided to give this a proper go, especially as I have more time at hand now.

I luckily met a mentor via LinkedIn and he introduced me to a number of interesting concepts such as the AO, Divergence, Price Action, etc etc and he has been incredible in guiding me on the long term concepts.

He recommended to check out AIMS at the beginning and doing a bit of research I really liked the simplicity with a clear setup and also the focus behind the individual stages.

I still have a long way to go, particularly my mind (entrepreneurial mindset may not be the best for trading lol) but I am willing to work hard and give this a go.

I am going to spend the next few days, getting all the basis ready, watching Setup 1 and then putting my Trading Journal together with the aim to start trading the morning sessions for next week and to complete the first 10 batches of T20.

Best,
Ganesh

Congratulations @Ganesh04 TODAY is the BIRTHDAY or 1 year anniversary of your JOURNAL

[ganesha04]

Thanks a lot! Enjoyed every entry so far and it's just the beginning. Long way to go!

Appreciate all your advice so far! Means a lot.

[ganesha04]

Some learning from a last week about PC setup which I forgot to post:

[ganesha04]

1. Trade Number: 11/20 Batch 5
2. Date/Time: 15/04/2020 - Morning Session
3. Symbol/TF: Dax
4. Signal Type / Direction: Cherry Short
5. The situation on M5: Clear breakout; potentially new impulse wave.
6. Comments and Feelings at the Time of Taking The Trade: Market was moving beautifully and was waiting patiently for a Hunt.
7.Comments and Trades After Exiting the Trade: Took the cherry, even though Seed followed, but nice 2R
8. DS For this Trade: 1DS
9. DS Running Total: 91% (10/11)
10. Result: 2
11: Badge R: 5.3R (Target 10)
12. Psychological Return: +7
13. Market Sentiment: Moving
13. Screenshot:

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1. Trade Number: 12/20 Batch 5
2. Date/Time: 15/04/2020 - Morning Session
3. Symbol/TF: Dax
4. Signal Type / Direction: Short S1
5. The situation on M5: Potential 3rd into 5th...
6. Comments and Feelings at the Time of Taking The Trade: Market had already come down a lot but according to my rules, it was still a Setup.
7.Comments and Trades After Exiting the Trade: Nice break; went to 1R, activated my trailing stop and I got out.
8. DS For this Trade: 1DS
9. DS Running Total: 92% (11/12)
10. Result: 1
11: Badge R: 6.3R (Target 10)
12. Psychological Return: +8
13. Market Sentiment: Moving
13. Screenshot:

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1. Trade Number: 13/20 Batch 5
2. Date/Time: 15/04/2020 - Afternoon Session
3. Symbol/TF: Dax
4. Signal Type / Direction: Short S1
5. The situation on M5: Within the 5th wave on M5?
6. Comments and Feelings at the Time of Taking The Trade: Literally same scenario as in the morning...
7.Comments and Trades After Exiting the Trade: Got -0.5R as per my TM rules at close over red line.
8. DS For this Trade: 1DS
9. DS Running Total: 92% (12/13)
10. Result: -0.5
11: Badge R: 5.8R (Target 10)
12. Psychological Return: +8
13. Market Sentiment: Moving
13. Screenshot:

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[ganesha04]

1. Trade Number: 14/20 Batch 5
2. Date/Time: 16/04/2020 - Afternoon Session
3. Symbol/TF: Dax
4. Signal Type / Direction: Short Cherry
5. The situation on M5:
6. Comments and Feelings at the Time of Taking The Trade: Price broke out heavy at NYO; came down at a steep line away from Gator, on the pullback Cherry; rented it...
7.Comments and Trades After Exiting the Trade: I was trading it live with Immy; there was actually a PC cherry (had to change settings) and if I had taken 2nd cherry I would have made a 2R. Immy also suggested to reduce my % to 0.5 on Hunt which I will include in the TM I am writing atm.
8. DS For this Trade: 1DS
9. DS Running Total: 93% (13/14)
10. Result: -1
11: Badge R: 4.8R (Target 10)
12. Psychological Return: +8
13. Market Sentiment: Moving
13. Screenshot:

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Screen Shot 2020-04-16 at 15.31.38.png

Compare this cherry to yesterday cherry:

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[ganesha04]

1. Trade Number: 15/20 Batch 5
2. Date/Time: 17/04/2020 - Morning Session
3. Symbol/TF: EU
4. Signal Type / Direction: Short S1
5. The situation on M5: Potential new Impulsive wave; first pullback after a breakdown.
6. Comments and Feelings at the Time of Taking The Trade: Was watching the M1 gaining nice downward momentum; Clear 3rd-4th wave (only slight problem I had was the purple line crossed slightly). However, strong PC Cherry on the M5 with nice Hunt pattern after a breakdown. Got in
7.Comments and Trades After Exiting the Trade: Trade played out beautifully but DS0 as technically a S0...
8. DS For this Trade: 1DS
9. DS Running Total: 91% (13/15)
10. Result: +1
11: Badge R: 5.8R (Target 10)
12. Psychological Return: +9
13. Market Sentiment: Moving
13. Screenshot:

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1. Trade Number: 16/20 Batch 5
2. Date/Time: 17/04/2020 - Morning Session
3. Symbol/TF: EU/JPY
4. Signal Type / Direction: Short S1
5. The situation on M5: Looks like 3rd into 5th of impulsive wave down.
6. Comments and Feelings at the Time of Taking The Trade: Beautful S1 forming; after FO downward movement.
7. Comments and Trades After Exiting the Trade: took 0.5R rent on the first setup and then 1R on next... Later learned from Immy that EU JPY and EU USD are correlated; so should have managed my risk accordingly and only taken one trade.
8. DS For this Trade: 1DS
9. DS Running Total: 91% (14/16)
10. Result: +0.5 (-0.5R; 1R)
11: Badge R: 6.3R (Target 10)
12. Psychological Return: +10
13. Market Sentiment: Moving
13. Screenshot:

[immy]

1. Trade Number: 15/20 Batch 5
2. Date/Time: 17/04/2020 - Morning Session
3. Symbol/TF: EU
4. Signal Type / Direction: Short S1
5. The situation on M5: Potential new Impulsive wave; first pullback after a breakdown.
6. Comments and Feelings at the Time of Taking The Trade: Was watching the M1 gaining nice downward momentum; Clear 3rd-4th wave (only slight problem I had was the purple line crossed slightly). However, strong PC Cherry on the M5 with nice Hunt pattern after a breakdown. Got in
7.Comments and Trades After Exiting the Trade: Trade played out beautifully but DS0 as technically a S0...
8. DS For this Trade: 1DS
9. DS Running Total: 91% (13/15)
10. Result: +1
11: Badge R: 5.8R (Target 10)
12. Psychological Return: +9
13. Market Sentiment: Moving
13. Screenshot:
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1. Trade Number: 16/20 Batch 5
2. Date/Time: 17/04/2020 - Morning Session
3. Symbol/TF: EU/JPY
4. Signal Type / Direction: Short S1
5. The situation on M5: Looks like 3rd into 5th of impulsive wave down.
6. Comments and Feelings at the Time of Taking The Trade: Beautiful S1 forming; after FO downward movement.
7. Comments and Trades After Exiting the Trade: took 0.5R rent on the first setup and then 1R on next... Later learned from Immy that EU JPY and EU USD are correlated; so should have managed my risk accordingly and only taken one trade.
8. DS For this Trade: 1DS
9. DS Running Total: 91% (14/16)
10. Result: +0.5 (-0.5R; 1R)
11: Badge R: 6.3R (Target 10)
12. Psychological Return: +10
13. Market Sentiment: Moving
13. Screenshot:
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8.png

WHY 1 R Profit?

but man that EUR/JPY m1 you spotted... i'll kill for that... what a lovely setup... this method is deadly... as long as you could wait for setups like these...

Try to Keep each trade separate... give each trade its own subject. most people using this forum forget about subject line. pay attention to the subject line and update it as Trade x batch x pair xxx

[ganesha04]

Thanks Immy; 1R because my ATM management with the trailing stop somehow got me out... still not sure why...

1. Trade Number: 17/20 Batch 5
2. Date/Time: 20/04/2020 - Morning Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Short S1 (twice) & Monarch
5. The situation on M5: Some sort of PC pattern
6. Comments and Feelings at the Time of Taking The Trade: I saw a 3 down before LO; took the S1; 0.5 Rent as per new TM... AO went back into green close to 0 line and then lining up for another potential break into the 5th (according to my rules 2 trades per Setup, this was still valid); took the trade and trailing stop around 1R. Then Price pull back, created a beautiful PC Monarch pattern and went down for a further 2R.
7. Comments and Trades After Exiting the Trade: Heck of a trade to see through but I was really proud of myself that I was able to see the Monarch PC patter; which was a beautiful 1-2. Well Done ME
8. DS For this Trade: 1DS
9. DS Running Total: 91% (15/17)
10. Result: +2.1 (-0.5R; 0.6R; 2R)
11: Badge R: 8.4R (Target 10)
12. Psychological Return: +11
13. Market Sentiment: Moving
13. Screenshot:

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[ganesha04]

1. Trade Number: 18/20 Batch 5
2. Date/Time: 20/04/2020 - Morning Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Long S1 (twice) & Cherry Short
5. The situation on M5: Initially Hunt for S1 on M1; then reversed.
6. Comments and Feelings at the Time of Taking The Trade: Saw an S1 prior LO open, first one stopped out -0.7R and second one was a BE trade. Then price reversed and a beautiful cherry formed within a Waltz on the M5
7. Comments and Trades After Exiting the Trade: A Small loosing day; but need to accept it; I did everything right.
8. DS For this Trade: 1DS
9. DS Running Total: 91% (16/18)
10. Result: -0.7R (-0.7R; 0R; 0R)
11: Badge R: 7.7R (Target 10)
12. Psychological Return: +12
13. Market Sentiment: Moving
13. Screenshot: