Arno's T20 Setup 1 Journal

Start a Trading Journal - Start Posting Your T20 Trades Here.
Tips for First Post: Start with personal introduction, share your story, your future plans.
Use Template Prodvided for Recording Trades.
User avatar
arnoprofits
AIMSter
AIMSter
Posts: 13
Joined: 22 Apr 2012, 22:43
13

Arno's T20 Setup 1 Journal

Unread post by arnoprofits »

Hello everybody !
I'm Arno, a born Swiss living in Namibia sine 1981. I started trading Forex about 8 years ago when I also joined the Aimsters, didn't last long, not understanding the methodology well as Newbee. Have been trading on and off and I'm embarrassed to say that I have spent 8 years already trying to become better than a Break even trader. I have never blown an account but spent a pile of money on multiple different courses, strategies, methods, Rooms and services. ( I guess the story of too many traders). Then I think in 2015 I joined for the 2nd time, knowing more about trading, but again didn't hang around long as I jumped from system to system looking for the Holy Grail in Forex lol.
I always knew that I lacked something that I could never put my finger on..... Having come back to "iTradeAIMS" again, having gone through some of the Videos I received as an old Premier member I am now realizing that there are 2 things lacking in my trading: Discipline & consistency, and without these I will never be a profitable trader and have to acknowledge that had I stuck and continued with Immy and his teachings I could have maybe been a successful trader by now....Yeah.....could have, would have should have....Well, I'm NOT !!
I am self employed since 2001 operating 3 Gas Filling stations of which one is newly built in 2019, in partnership with the local Government. Having been my own Boss I feel, has been detrimental to my beloved Forex trading, since I believe having had no one to report to and being accountable to, in the last 20 years has put me too much in a Comfort zone, hence commitment and especially discipline have vanished. But I'm convinced that by diligently and committedly working through all the stages, I can still become a profitable trader one day. I am prepared to be teachable and work hard.
It will also learn me again to reorganize life and attitude towards myself, my Goals and especially people around me, finding back, purpose and vision again, which have become rather blurry the last few years.
I want to start working on my Trading plan and have 2 questions:
a) Due to my very irregular and inconsistent Business schedule during a day, it is difficult for me to trade for ex the London and/or NU open every day for 2 hours but am able to be in front of the Pc and check the charts at least 10 times or more in between during 8h and 20h. Am I allowed to choose a combination of 1-3 Indices plus the 3 Major pairs like E/U, G/U, and U/J during the 5 Batches T20 sticking to the same T'frame like M15/H1 splitscreen?
b) Can I trade the M5/M30 ? Saw a video of H1 and M5 too although not exactly 5x times higher ? The M1/M5 is too fast for me..... 8-|

thanking you.....
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Arno's T20 Setup 1 Journal

Unread post by immy »

arnoprofits wrote: 04 May 2020, 12:47 Hello everybody !

a) Due to my very irregular and inconsistent Business schedule during a day, it is difficult for me to trade for ex the London and/or NU open every day for 2 hours but am able to be in front of the Pc and check the charts at least 10 times or more in between during 8h and 20h. Am I allowed to choose a combination of 1-3 Indices plus the 3 Major pairs like E/U, G/U, and U/J during the 5 Batches T20 sticking to the same T'frame like M15/H1 splitscreen?
b) Can I trade the M5/M30 ? Saw a video of H1 and M5 too although not exactly 5x times higher ? The M1/M5 is too fast for me..... 8-|

thanking you.....

Congratulations on starting your journal. I read your story and I can confirm that it is a common story among all of struggling forex traders. I ran a survey for over a year and the common theme was last of discipline and consistency. Nobody, I mean, nobody, keeps a record of their trades, and nobody keeps a record of their discipline...

If you do this, I can almost guarantee you will find sucess.

The answer to your question is in Lesson 3. Go through those steps 1 by 1...
Here is lesson 3 step 5 (but make sure you have completed all the steps). this lesson gives you option as to what you should do if you can't trade dax m5/m1)

https://itradeaims.net/amember/page/stage1-module2



cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
User avatar
arnoprofits
AIMSter
AIMSter
Posts: 13
Joined: 22 Apr 2012, 22:43
13

Re: Arno's T20 Setup 1 Journal

Unread post by arnoprofits »

Thank you very much Immy.......appreciated; I have gone through the "Which Trading Time Frames to choose" a couple of times already, I would love to trade the Dax M1/M5 but I will not be able to be in front of the screen regularly for LO or NY thus I was wondering whether it would be fine with you if I trade the Dax or UK100 or DOW30 on the M15 chart together with the 3 pairs of E/U, G/U and U/J respectively which could work for me. You would know better with all your experience with people if it can work.....I know that I Have to stick to the plan once determined until the end of all the Batches of T20s.

Arno
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Arno's T20 Setup 1 Journal

Unread post by immy »

this is a dangerous combination. Chose either 1 Index or 3 Forex Pairs.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
User avatar
arnoprofits
AIMSter
AIMSter
Posts: 13
Joined: 22 Apr 2012, 22:43
13

Re: Arno's T20 Setup 1 Journal

Unread post by arnoprofits »

ok thank you Immy....understand..

Good night...
User avatar
arnoprofits
AIMSter
AIMSter
Posts: 13
Joined: 22 Apr 2012, 22:43
13

Trading Plan

Unread post by arnoprofits »

Update on the preparation of my Trading Plan:
Every day I will work on, preparing and writing down, at least 2 questions of the 52, to formulate my Trading plan.....in order to having it finalized by the end of this month. I want to do it properly since it is the foundation of my new trading life....and SUCCESS !!
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Arno's T20 Setup 1 Journal

Unread post by immy »

that's a good way of doing it... but give yourself 2 weeks to complete it. Not that long.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
User avatar
arnoprofits
AIMSter
AIMSter
Posts: 13
Joined: 22 Apr 2012, 22:43
13

Re: Arno's T20 Setup 1 Journal

Unread post by arnoprofits »

Update......!!
Making good progress with my Trading Plan and studying Tutorial Videos.......Incredible what I have missed in all these year....
Well....I guess it's never too late !!
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Arno's T20 Setup 1 Journal

Unread post by immy »

Never too late... never... keep going...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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! 🍌
User avatar
arnoprofits
AIMSter
AIMSter
Posts: 13
Joined: 22 Apr 2012, 22:43
13

Re: Arno's T20 Setup 1 Journal

Unread post by arnoprofits »

Saw some nice S 1's this morning.....but am not trading yet......need to learn discipline first....almost done with the Trading Plan...then only I will start trading my S 1 on the chosen Time frames....excited already.......
Post Reply