Tom's T20 Journal

[immy]

You're going live!
That's exciting, is this also for a funded account like Emma has?


 

Hey, not for funded just for me baby steps! Not looking at getting funded at the moment. I’ll never say never, but my dream is to grow a small account into something worthwhile for the future. 

I’ll be live after my holiday Seems the natural thing to do. Take the break, get focused, come back with new purpose

 

Hey....

Forget about growing a small account. Get ready and then get a small funded account. Make a goal to get 200K or more funded account .Money is made with money. 

cheers 
 

[tombacon89]

14.03.2022
PRE-NEO and NEO is what I had available today.

BATCH 4 TRADE 15 AND 16.png

batch 4 trade 15 and 16 m1.png

 
Trade 15. No signal. Context I see as correct. DS0 because there is no signal.

Trade 16 - DS1, but, iffy. price action not great on the pullback. arguable rule 4 pullback too impulsive. It was a break and re-test.

batch 4 trade 17.png

 Trade 17 - DS1. just did not work out. Tagged me out and then made progress. Is what is it.

BATCH 4 TRADE 18.png

 Trade 18 - DS1. M5 was nice TC. Hit 3R TP.

Here is my confusion for this afternoon....

My first live session. Previously recording on my spreadsheet on my demo. Not based on numbers PnL. But R:R numbers and what 1% would be. Now I see, on live; it is not corresponding as such.

SIZING ERROR. win should be £60.png

Todays trades -
1. BE. Took a tiny monetary loss. Spread. ATM SHOWED 1%
2. -1r - monetary was more than 2% loss. Should have been about £8. It was £17 ATM SHOWED 1%
3. -1r - monetary was £20. so way more than 2%. ATM was changed to HALF OF 1%. 
4. 3r - monetary was £21. ATM shown HALF OF 1%. 

I changed to half after noticing thinking next time it will be correct, however, all lot sizes were made at 1 lot. So I am not sure if it is me, the broker, the atm sizing coding or what. My 3r should have been much bigger than that if they were all the same position size.

So R:R I am up 2r for the session, unfortunately the figures don't show that lol. 

I know with such a small account there is always going to be some sort of rounding up or down to the nearest 0.1position size. I shall seek to find out why.... and happy to learn why on a small account. Not going to get pissedd off about it; best to get things sorted before going large and having these issues. perhaps a change in the way I record my data is required. 

Otherwise, I actually felt OK today. 

The setup of H1 charts shall begin now. 

No more trades for me today. 

DS 14/18
 

[tombacon89]

14.03.2022
Close

BATCH 4 TRADE 19 AND 20.png

 Trade 19. Saw it. took it. It felt pretty effortless.

Trade 20. Easier to take sitting on 3r. However. once in the trade, and momentum stopped. Even though I was at BE, my heart was thumping. I could feel it. The emotion was defo there. The want for a win was there. I saw the market start to range. Why did I care? I was sat at BE. But I did care. I watched it, waiting to move my SL to 1r. I felt trade management pressure on this one. Maybe the TM plan of locking in 1r is mentally tough, I have not experience this enough yet but what I see is manually moving to 1r means I have to watch. I have to endure it.... I cannot toggle the screen and look at something else. Something to consider..... by the time I am out I have accepted I am out. It goes to hit original 3r of course.. lol. that is fine. It does what it wants. I have no influence over it. 

4r Day overall. 6 trades.

BE
-1
-1
3r
3r
BE

DS - 16/20 for the batch. 3 trades were seeds knowingly taken. Happy with my DS score for this batch.

R performance (not monetary for reasons above) for the batch: 21.68% compound growth but 20R.

This was a mix of 2r, 3r and 3R moving stop to 1r at 2r. Demo and live. 

74.99% overall R to date.

I MUST SORT THIS LOT SIZE ISSUE OR I WILL DESTROY MY MONEY MANAGEMENT ACCOUNT.
 
 

[Darren]

Wow - 75% R to date is amazing! 
 
 

[immy]

14.03.2022
PRE-NEO and NEO is what I had available today.BATCH 4 TRADE 15 AND 16.pngbatch 4 trade 15 and 16 m1.png
 
Trade 15. No signal. Context I see as correct. DS0 because there is no signal.

Trade 16 - DS1, but, iffy. price action not great on the pullback. arguable rule 4 pullback too impulsive. It was a break and re-test.batch 4 trade 17.png
 Trade 17 - DS1. just did not work out. Tagged me out and then made progress. Is what is it.BATCH 4 TRADE 18.png
 Trade 18 - DS1. M5 was nice TC. Hit 3R TP.

Here is my confusion for this afternoon....

My first live session. Previously recording on my spreadsheet on my demo. Not based on numbers PnL. But R:R numbers and what 1% would be. Now I see, on live; it is not corresponding as such.SIZING ERROR. win should be £60.png

Todays trades -
1. BE. Took a tiny monetary loss. Spread. ATM SHOWED 1%
2. -1r - monetary was more than 2% loss. Should have been about £8. It was £17 ATM SHOWED 1%
3. -1r - monetary was £20. so way more than 2%. ATM was changed to HALF OF 1%. 
4. 3r - monetary was £21. ATM shown HALF OF 1%. 

I changed to half after noticing thinking next time it will be correct, however, all lot sizes were made at 1 lot. So I am not sure if it is me, the broker, the atm sizing coding or what. My 3r should have been much bigger than that if they were all the same position size.

So R:R I am up 2r for the session, unfortunately the figures don't show that lol. 

I know with such a small account there is always going to be some sort of rounding up or down to the nearest 0.1position size. I shall seek to find out why.... and happy to learn why on a small account. Not going to get pissedd off about it; best to get things sorted before going large and having these issues. perhaps a change in the way I record my data is required. 

Otherwise, I actually felt OK today. 

The setup of H1 charts shall begin now. 

No more trades for me today. 

DS 14/18
 


 

Yep, two SHIT trades....
 
First trade, indeed DS not just 0 ... but -1... You should give yourself a -1 if you trade without a signal. 
Second trade... again a DS0.. .why? where is the impulse move? where is the context? where is the momentum? where is the trend? 
 

[tombacon89]

14.03.2022
PRE-NEO and NEO is what I had available today.BATCH 4 TRADE 15 AND 16.pngbatch 4 trade 15 and 16 m1.png
 
Trade 15. No signal. Context I see as correct. DS0 because there is no signal.

Trade 16 - DS1, but, iffy. price action not great on the pullback. arguable rule 4 pullback too impulsive. It was a break and re-test.batch 4 trade 17.png
 Trade 17 - DS1. just did not work out. Tagged me out and then made progress. Is what is it.BATCH 4 TRADE 18.png
 Trade 18 - DS1. M5 was nice TC. Hit 3R TP.

Here is my confusion for this afternoon....

My first live session. Previously recording on my spreadsheet on my demo. Not based on numbers PnL. But R:R numbers and what 1% would be. Now I see, on live; it is not corresponding as such.SIZING ERROR. win should be £60.png

Todays trades -
1. BE. Took a tiny monetary loss. Spread. ATM SHOWED 1%
2. -1r - monetary was more than 2% loss. Should have been about £8. It was £17 ATM SHOWED 1%
3. -1r - monetary was £20. so way more than 2%. ATM was changed to HALF OF 1%. 
4. 3r - monetary was £21. ATM shown HALF OF 1%. 

I changed to half after noticing thinking next time it will be correct, however, all lot sizes were made at 1 lot. So I am not sure if it is me, the broker, the atm sizing coding or what. My 3r should have been much bigger than that if they were all the same position size.

So R:R I am up 2r for the session, unfortunately the figures don't show that lol. 

I know with such a small account there is always going to be some sort of rounding up or down to the nearest 0.1position size. I shall seek to find out why.... and happy to learn why on a small account. Not going to get pissedd off about it; best to get things sorted before going large and having these issues. perhaps a change in the way I record my data is required. 

Otherwise, I actually felt OK today. 

The setup of H1 charts shall begin now. 

No more trades for me today. 

DS 14/18
 



 

Yep, two SHIT trades....
 
First trade, indeed DS not just 0 ... but -1... You should give yourself a -1 if you trade without a signal. 
Second trade... again a DS0.. .why? where is the impulse move? where is the context? where is the momentum? where is the trend? 
 

 

I agree. 100%. sh!t trades. 
 

[tombacon89]

17.03.22
LO

I have established that on indices my minimum lot size with my account is 1.0. So unfortunately, to meet correct risk management 1% I do not have a big enough account to make this relative for now. So my indices trades will have to be demo now until I am in a position to invest more initially. Forex is tradeable for me though live. 


Ok so today was the first day of looking at H1. I have 6 forex pairs loaded for now. EU GU UJ UCAD UCHF AU

What did I notice this morning? I love looking from the TOP down.

I looked at H1 across the board, I looked at the key levels, s/r, major and minor swings for each pair. I saw some nice trend candles on H1.

(the barber shop mentality) I dropped down to M5 to see what is going on in the m5 world. Some nice moves, some nice trend candles going on, some not so nice. This made it easy to discount a lot of rubbish.

I dropped down to M1 on the pairs I see as potential. What do I see, well, some areas where I would be interested, some areas where I would not.

Having several pairs, doing top down analysis actually helped me to only give attention to the relevant stuff. I had dax and us30 still m5/m1 charts up. I drew my lines on those m5 charts and barely looked at them again. Because I knew, it was crap market. I didn't have the urge to force m1 on those charts which has been my recent downfall, at times.

I think I can say to myself now that part of my forcing trades is partly out of boredom. In my earlier batch 2 review I said I found it restricting only looking at one chart. What do I like about trading???? I like the ANALYSIS. I enjoyed sifting through multiple charts this morning. I was not bored, as much as I was looking for setups, I did not crave them, my mind was busy in a good way. 

I took one trade this morning. 

GU - M1. M5 just had a nice trend candle, M1 pulled back, break and retest. The pullback was a tinnnny bit impulsive, but the 3 signal was a good pin bar on that level. I took it. It had room to get to 3r to the next level. Momentum was not amazing but it was relative.

Whilst in the trade, it was a little nervy, as the trade never took off straight away. I notice myself getting a little anxious when trades don't run straight away. Once at BE, I was calm. SL moved to 1R when price hit 2r. 

BATCH 5 TRADE 1.png

DS 1/1

I also looked at EU around the same time, but did not take a trade on it.

EU M1 NO TRADE.png

 
 

[immy]

Feck that broker.... Pepperstone is better... try them... you will have .1 lots

but hey, it's good that you are trading forex h1 instead.... that might be a blessing in disguise... TRUST me when I say this... You will EASILY find success on h1. 


Multiple charts... not being bored.. .doing analysis (but not paralysis) ... I can related to that... works for me 

[tombacon89]

Delayed entry.

In between two night shifts at work. Logged on to see what H1 was doing and saw the following, so I took it. I was not around for long. Was not paying attention and atm was set to 2r. 

BATCH 5 TRADE 2
DS1 entry. 
2R

 

BATCH 2 TRADE 5 M5.png

BATCH 5 TRADE 2.png

 DS 2/2

[tombacon89]

21.03.2022
LO

BATCH 5 TRADE 3.png

DS1
-1R
M5 was climatic, but produced an inside bar. Calculated risk to get to BE before the support zone on htf. M1 had 5 signal. Price was not climatic on M1. Returned to emas. I took the trade, it rented, then went into range. Was not the highest probability trade. Pullback was far from breakout. 
 

BATCH 5 TRADE 4.png

DAX M1
BE
DS0 - why? Had PO set for the first signal. Cancelled PO when new bar formed, much tighter. Pressed buy bar on the tighter bar. PO set above first original signal then hit entry. I Wanted to trade the smaller bar, I went to BE manually as I was not in the trade I wanted to be in. Emotional reason for this? probably some greed wanted the tighter entry meaning price not needed to move as far. Not fully accepting the risk - the need to get to BE. = fear of losing. 

Calling it a day. Not in the correct mindset.

I am transferring over to a different broker (pepperstone) so need to get everything setup on that now. I won't trade and do the admin at the same time. 

DS 3/4