Minsk T20 - Banana 1H

[Minsk]

Batch 2 - T8
19-3-2022
Banana 1H
LUNA - USD Long

Forex markets are closed, so looking at crypto's.

The 7 questions answered:
There is an impulse move up with a higher high, after a swing low.
Pullback is good. Placed banana signal.
Impulse move is not climactic.
The pullback is not impulsive.
This is the second pullback.
No levels to the left that are close enough to prevent a 3R theoretically. Not trying for more as it's the second pullback.

Banana signals  marked with a pink dot.
Target = 3R.
Easy 3R 

DS1
total DS: 5/8=0.63
 

[Minsk]

Batch 2 - T9
21-3-2022
Banana 1H
EUR-USD SHORT

Back to Forex pairs.

The 7 questions answered:
There is an impulse down after a swing high. Pullback, then a trading channel going down. A pullback from the trading channel.
That pullback is good. Price going down again. 
That impulse move is not climactic.
The pullback is not impulsive.
This is the third pullback.
No levels to the left that are close enough to prevent a 3R theoretically, looking at last 20 bars. 

Banana signal  marked with a pink dot.
Target = 3R.
Exit at 3R 

DS1
total DS: 6/9=0.67
 

[Minsk]

Batch 2 - T10
21-3-2022
Banana 1H
USD-JPY LONG

The 7 questions answered:
There is an impulse up after a trading range in an up trend, EMA's 10 and 20 just expanded again.
The pullback is good. Price going down again. 
That impulse move is not climactic.
The pullback is not impulsive.
This is the first pullback after breakout of trading range.
No levels to the left that are close enough to prevent a 3R theoretically, looking at last 20 bars. 

Banana signal  marked with a pink dot.
Target = 3R. Expect more as this is first pullback. So trailing to see what is possible.
Exit not yet happened as it's still going up. It's at 7R. No candle closed below 10 EMA.

DS1
total DS: 7/10=0.70

EDITED
Trailing would have gotten me stopped out at 11R. That's massive gains. In 11 bars = 11 hours 
 
 
 

[Minsk]

Batch 2 - T11
22-3-2022
Banana 1H
EUR-JPY LONG

This mornings Banana:

The 7 questions answered:
There is an impulse up after a trading range in an up trend, EMA's 10 and 20 just expanded again.
The pullback is good, 2 candles.  
That impulse move is not climactic.
The pullback is not impulsive.
This is the first pullback after breakout of trading range.
No levels to the left within last 20 bars. 

Banana signal  marked with a pink dot.
Target = 3R. 
Target hit, exit at 3R.

DS1
total DS: 8/11=0.73

[Minsk]

Batch 2 - T12
22-3-2022
Banana 1H
ADA-USD LONG

Testing the waters with an account. 
Connected a Pepperstone Demo account to Tradingview. Let's see how it is to actually trade via Tradingview.
Consiously broken rules, so DS 0.

The 7 questions answered:
There is 1 impulse candle up. That's not how it should be, you want 2 or 3 candles with little to no wicks. => DS 0
The pullback is good, 2 candles.  
That impulse move is not climactic for a crypto.
The pullback is not impulsive.
This is the third pullback. Ideally you'd want the 1st or 2nd pullback. => DS 0
No levels to the left within last 20 bars. 

Banana signals  marked with a pink dot. Confirmed by Banana indicator in MT4.
Target = 3R. 
Let's see what happens.....

DS0 because of violating the rules.
total DS: 8/12=0.67

==========================================================

EDITED
Result is getting stopped out. Not a surprise.
Good news is that it works trading Pepperstone via TradingView.
 
 

[Minsk]

Batch 2 - T13
24-3-2022
Banana 1H
AUD-USD LONG

On the Pepperstone Demo account via Tradingview.

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Breakout of a trading range, indicated with pink rectangle.

2 - Is there a good pullback?
Yes. Pullback is 3 candles. Compared to the big impulse candle, the pullback candles are smaller. Pullback 1-legged goes back to 10 ema. Pullback is about 50%.

3 - Is the impulse move too climactic?
No, it's not too far from 10 ema.

4 - Is the pullback impulsive?
I'd say no because in comparison the impulse candle is bigger. But one could argue about it in this case.
5 - Is this the 1st or 2nd pullback?1st pullback.

6 - Is there an S/R zone near entry level?
No.

7 - What is the market phase on the current and higher time frame?
Current: uptrend
HTF: uptrend
Banana signals  marked with a pink dot. 
Target = 3R. 
Evening trade as work was too busy. So of to bed with SL set and TP set on 3R. Can't move SL higher until next morning.

DS0
total DS: 8/13=0.62
 
Edited to add:
When  I got at my computer this morning I see that price has been above 1R, and is below entry right now. 
I accept that this can cost me 1R if it goes lower.
 
Edited again:
This was not a good enough breakout of the TR. We need 2-3 candles for that. This was only 1 big candle. So DS0 for violating Q1.

I do learn a lot now, I make mistakes and that's Ok. Although I find I must do better on applying obvious things that are clearly stated in the rules. I can't always check my own laptop with MT4 on it, so I don't have the Banana Indicator all the time. However I want to learn it without the indicator as well, my own brain must grasp the concept.
 

[immy]

2 things I'd like to say

1. Question 1: Is there an Impulse Move? Is there a Breakout with a Higher High or Lower Low?

Explanation:

There is a good Impulse move with at least 1,2 or 3 trend candles that has little to no wicks. If there was a trading range before then there must be a Breakout. A breakout can happen out of a Trading Range or if there is a confirmed trend, there must be a New Higher High for Longs or New Lower Low for Shorts. I am looking for 2-3 Trend Candles that break out of a trading range or when there is a trend I am looking for a new swing high or low.


Revisit Question 1.

2. Why go with .1Lot when its a demo account. use the correct 1% lot size. Calculate your lots size for your pairs for 10 pips, 15 and 20 pips. Keep 4 to 4 max 8 h1 pairs and that will do the trick.

If you don't know how to calculate lot size. its ok. use this calculator 
https://www.myfxbook.com/forex-calculat ... ition-size

[Minsk]

2 things I'd like to say

1. Question 1: Is there an Impulse Move? Is there a Breakout with a Higher High or Lower Low?

Explanation:

There is a good Impulse move with at least 1,2 or 3 trend candles that has little to no wicks. If there was a trading range before then there must be a Breakout. A breakout can happen out of a Trading Range or if there is a confirmed trend, there must be a New Higher High for Longs or New Lower Low for Shorts. I am looking for 2-3 Trend Candles that break out of a trading range or when there is a trend I am looking for a new swing high or low.


Revisit Question 1.

2. Why go with .1Lot when its a demo account. use the correct 1% lot size. Calculate your lots size for your pairs for 10 pips, 15 and 20 pips. Keep 4 to 4 max 8 h1 pairs and that will do the trick.

If you don't know how to calculate lot size. its ok. use this calculator 
https://www.myfxbook.com/forex-calculat ... ition-size

 

Revisit Q1: There is a breakout of the TR, but it's only 1 big candle (without much wick) but that is not good enough, we need 2-3 trend candles breaking out. So a DS0 for violating Q1.

The lot size: I never changed anything to that, so it's standard setting. I will figure out how to get in on 1%. I indeed have no clue about lot size etc, so I need to learn.

Thanks for the feedback, much appreciated!


 

[immy]

Why don't you use Pepperstones MT4 and install the banana indicator?

I have given you free scripts with the banana installation program. 
They allow you to set orders with one drag and drop and 1% risk. SL and Take profit levels set on auto 
https://www.screencast.com/t/tny4itirBS

[Minsk]

Why don't you use Pepperstones MT4 and install the banana indicator?


 

I have Pepperstone MT4 installed on my personal laptop. I use it to look at the signals, if I'm not working.
I clearly need to look at the MT4 tool. There is obviously more in it than I know.