Zsigmond's Journal of T20's

[zsizsa]

Today's morning session was experience. We had a huge move down with more than 300 points. Unfortunately no Setup 1 for me on the M1. 
 But later, right at the New York open on the M5 a beautiful Setup 0 occurred. At Stage 1 I have to filter it out, so I just watched it and right when they rang the bell the move started. It didn't hit the measured target, however a 2R target was reached anyway. Although I didn't have a chance for a good Setup 1, today session was a great one, enjoyed it very much. 
 

DAX_Setup 0_Short_2021_02_23.JPG

 
 

[zsizsa]

Sidenote: Sorry for the picture, but in the morning I was experimenting with the ATM, what I bought yesterday. You will see a lot of trades, but these were taken on my demo account without any concept. I was just pushing the buttons and testing the functions. What matters is the last trade.

1. Trade Number: Batch 1 Trade 9
2. Date/Time: 2021.02.25
3. Symbol/TF: DAX 30 M5
4. Signal Type / Direction : Short

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? (explain in one or two sentences how you feel - refer to your emotions) [This question is about your emotional response]

I knew that I will not stick to my trading plan, because I took this trade on the M5 instead of the M1. But the M1 chart did not provide any opportunities that fits in the parameters of a Setup 1.

b) Intuitive Signal?

I felt calm and relaxed. And I was aware that I broke my trading plan with this.

c) Is this technically The Setup 1?
As I started to write this part I said "YES, no doubt", but by the end I realised that I have missed out a few points from the flow-chart, so I should filter out this trade. Now I know that I was lucky.
We had a wave 3 down in the morning and then the cross of ZL with a sleeping gator and a red dot as well. But the box was wide (36 points or so..) and the target price closer than my 1,5R. 

6. Post Trade Questions: 
a) How Do I feel after closing the trade (or end of the session for Day Traders)? Right after the trade I felt great, but at finishing this post I realised that I made a lot of mistakes. More than at any previous trades.
b) Have I done well and why? Nope... Above the details.
c) Have done badly and Why? Yes
d) What Could I have done differently? I should filter it out based on the flow-chart!!!!

7. DS For this Trade: 0
8. DS Running Total: 3/9 Wooowww  

UPDATE: Ok, Immy was talking about this trade in todays s session and now I see that I did not pay attention to the M30 time frame too (in this case this is the 5 times higher TF). Based on the M30 I should have been filtered it out. Now it is clear that this trade was nothing but pure luck. This is sad

DAX_M5_Setup1_SHORT_2021_02_25.JPG

 
 
 
 
 
 

[zsizsa]

In the afternoon there was a nice setup at first glance. I was waiting patiently to pull the trigger. But the ideal signal did not arrived.
As You can see on the chart below, the higher TF was supportive for the trade direction. On the M1's AO there was a wave 3 and a cross of the ZL. But the box was too wide and when a pink dot arrived the box the gator wasn't sleeping either. So I filtered it out.

DAX_M5_Setup1_SHORT_2021_02_25_2.JPG

 And it is on his way to TZ1...

DAX_M5_Setup1_SHORT_2021_02_25_2_2.JPG

 
 
 
 
 
 

[immy]

Today's morning session was experience. We had a huge move down with more than 300 points. Unfortunately no Setup 1 for me on the M1. 
 But later, right at the New York open on the M5 a beautiful Setup 0 occurred. At Stage 1 I have to filter it out, so I just watched it and right when they rang the bell the move started. It didn't hit the measured target, however a 2R target was reached anyway. Although I didn't have a chance for a good Setup 1, today session was a great one, enjoyed it very much. 
 DAX_Setup 0_Short_2021_02_23.JPG
 
 

 

This is NOT a setup 0 because although purple might be inside the box slightly it still did not mingle with the gator. it stayed untouched hovering above it. We must understand that these things are never "black and white" 0/1 ... a setup 0 can and setup 1 are very similar ... very near... 
 

[immy]

8. DS Running Total: 3/9 Wooowww  


 

YES... that's exactly what is the purpose of this exercise. It makes you go WOW!!! It happend to me many times. It's happening to me right now, you will find in my video coming out tomorrow. I messed up even with this much experinece. 

And so many people so hate this GROUND REALITY that they don't even bother taking this challenge. The T20 challenge is really the work of brave people. 
  
 
 

[immy]

In the afternoon there was a nice setup at first glance. I was waiting patiently to pull the trigger. But the ideal signal did not arrived.
As You can see on the chart below, the higher TF was supportive for the trade direction. On the M1's AO there was a wave 3 and a cross of the ZL. But the box was too wide and when a pink dot arrived the box the gator wasn't sleeping either. So I filtered it out.DAX_M5_Setup1_SHORT_2021_02_25_2.JPG
 And it is on his way to TZ1...DAX_M5_Setup1_SHORT_2021_02_25_2_2.JPG
 
 
 
 
 
 

 

WATCH THE FLOW CHART VIDEOS AGAIN... STUDY THE FLOWCHART... 
You said with pink dot gator was not sleeping (looking at too minute things... zoom out look at the picture as a whole forget about gator mouth, focus on the setup pattern from the scope of 100-60 candles. not just the tiny points at the end of gator lines)... in fact Pink dot creates setup 2 and gator open is the definition of setup 2 ...
 

[zsizsa]

1. Trade Number: Batch 1 Trade 10
2. Date/Time: 2021.03.01
3. Symbol/TF: DAX30 M1
4. Signal Type / Direction : Long Setup 1

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? The only one thing what made me uncertain was that I never pulled the trigger at LO. As You can see on the pics my MT4 isn't showing the overnight range. So I double checked it on the TradingView parallel and it looked nice and it had a red histogram on AO. After that in the chatroom Immy called out too that it is a SETUP 1.

b) Intuitive Signal?
It really seemed so. No levels were to the left and the other parameters were fine. 

c) Is this technically The Setup 1?

Yes. Good breakout in the pre-market and after that beautiful sideways ranging. It has cleared the levels to the left as You can see on the M5 chart. Before LO it only the M5 box range was what needed to be cleared. On the M5 the direction was supportive as well. 

6. Post Trade Questions: 
a) How Do I feel after closing the trade (or end of the session for Day Traders)? Good
b) Have I done well and why? I double checked it on other platform as well, and I paid a lot of attention for the levels to the left and for the higher TF.
c) Have done badly and Why? I have to learn not to wait for others supportive opinion. I have to work on my self-confidence and accept the consequences if something goes wrong.
d) What Could I have done differently? Next time I will watch the chatroom after I'm out of any trade and I will make my conclusions what might have been good or wrong that I made.

7. DS For this Trade: 1
8. DS Running Total: 4/10

DAX_SETUP1_Long_2021_03_01_2_2.png

DAX_SETUP1_Long_2021_03_01_1_2.JPG

 
 
 
 
 

[zsizsa]

I'm verry disappointed in myself. I watched multiple times Immy's video on the weekend, in which he discussed the details of the Setup1. Nevertheless, I made a mistake. 
On the 5*Higher Timeframe the PA made an impulsive move to the downside. My only problem was that price went against the purple line (which is the red gator line on the M30 TF). And this rule was not defined in my trading plan neither.
Immy asked me in the chatroom which TF I'm trading. Because if I trade the M1 it shouldn't bother me that the purple line on the M5 is in front of the actual price, especially in this case, where the move and the pullback was nice and clean. And last week's video was about this. 

DAX_Setup1_Short_M5.JPG

And on the M1 this pullback was a beauty. I don't think I should explain anything on it...
 

DAX_Setup1_Short_M1.JPG

 I'm ashamed. DS -1 for this!!!