Emma´s H1 banana Journal T20

[immy]

I am trading too much on H1. I have the benefit of CHOOSING the ones that look AWESOME, not just a valid signal. It does have an edge when JUST taking valid signals. I am in a losingstreak on H1 so the "normal brain" wants to end it quick. And my brain being highly sensitive it goes on and on and on about how i am going to end the losingstreak. 
When this happens i have learnt that i need to stop myself and give myself time, time to adjust to the timeframe and also adjusting to have more intruments. 
But this is what i actually think could help a little.
I have narrowed it down to EU GU UJ USDCAD, KIWI and AUSSIE. I will take it slow. 

I know the setup, i do. But its just so many signals and i havent done good when picking the trades....

I will keep going. I have the goal of making profits in the bathes and when that is happening i can get funded with the H1 banana as well.
I need a goal. I am not good with doing something "on the side".
I need to be focused and know where i am headed. (if that is even a word hehe...)

This rent period is not easy for the brain to accept. And I dont thing i have taken that bad setups...

Well... I will continue.

 trade 10.png
 trade 11.png
 trade 12.png
 
 
 

 

hi 

I have also taken those rents on AU and UJ. They look stupid now but had they gone in our favour we would be happy about it. NEXT 

[eaxh]

I have failed to understand the flow of H1. I have had a hard time seeing when it is too late to take a trade in a move and i have just overall had a lot of insecurities when looking and trading H1. 
I have chosen the "wrong" pair and am now in a DD. 

I have now gotten back to basics as i always have to do once in a while. I am the master of complicating things and i renew and get new ideas. My mind spinns and i change something. 

The truth is that this concept does NOT need any change. It is just me that had not really understood it yet.

Right now i have this trade running and it looks late i can admit that. But, There is a fresh cross of the emas, There is a 2 candle BO and a cute pullback.
For me THIS IS THE SETUP.
The overall results shows different.

Skärmavbild 2022-04-26 kl. 18.55.09.png

 
 

[eaxh]

I am on the way to make it on H1 as well 
Drawdown has ended and the work continues

Skärmavbild 2022-04-27 kl. 20.03.07.png

 

Skärmavbild 2022-04-27 kl. 20.05.28.png

 

Skärmavbild 2022-04-27 kl. 20.07.01.png

 

[eaxh]

Skärmavbild 2022-05-02 kl. 12.05.03.png

 

[eaxh]

A quick BE trade.

Skärmavbild 2022-05-02 kl. 17.47.02.png

 

[immy]

Skärmavbild 2022-05-02 kl. 12.05.03.png
 

 

NEVER will I EVER take a 50 pips SL on a Forex Pair. NEVER 

[immy]

A quick BE trade.Skärmavbild 2022-05-02 kl. 17.47.02.png
 



 

Hi!!!

I wanted to say Don't use BE. But really it does not matter. It's a matter of preference. If you like to use it, its fine. But I do think that we should avoid getting stopped out at BE when its a Seed. But then it needs manual intervention. So there is hard work. 

=======================I wrote the below before the above. 

Move SL to BE at 2R for Small Seeds, or at least after ONE touch. Price almost always comes back to retest a seed. Let that happen once then you can BE it. Fascination with BE should be tamed down. BE does not improve profitability tbh. 


e.g. in this optimised test on GU from 2020 until End of 2021. I have found that if you set 5R targets and don't do BE or sell half at 1R but don't move SL to Entry level, you will have done pretty good. 

Profit factor or 1.79 and $70,000 Profit on a 100K account. Is not bad at all. Total trades are around a 100. 

Below Results with Closed half at 1R and no BE
https://www.screencast.com/t/rcEqq2nmi2vA


Below Results without BE

https://www.screencast.com/t/jiHU9pY5X6Xw

 
 

[eaxh]

Skärmavbild 2022-05-02 kl. 12.05.03.png
 


 

NEVER will I EVER take a 50 pips SL on a Forex Pair. NEVER 

 

Lesson learned Thank you!

[eaxh]

A quick BE trade.Skärmavbild 2022-05-02 kl. 17.47.02.png
 




 

Hi!!!

I wanted to say Don't use BE. But really it does not matter. It's a matter of preference. If you like to use it, its fine. But I do think that we should avoid getting stopped out at BE when its a Seed. But then it needs manual intervention. So there is hard work. 

=======================I wrote the below before the above. 

Move SL to BE at 2R for Small Seeds, or at least after ONE touch. Price almost always comes back to retest a seed. Let that happen once then you can BE it. Fascination with BE should be tamed down. BE does not improve profitability tbh. 


e.g. in this optimised test on GU from 2020 until End of 2021. I have found that if you set 5R targets and don't do BE or sell half at 1R but don't move SL to Entry level, you will have done pretty good. 

Profit factor or 1.79 and $70,000 Profit on a 100K account. Is not bad at all. Total trades are around a 100. 

Below Results with Closed half at 1R and no BE
https://www.screencast.com/t/rcEqq2nmi2vA


Below Results without BE

https://www.screencast.com/t/jiHU9pY5X6Xw

 
 

 

Hi!
Thank you for the input. 
Very interesting results. I am going to change the management to move SL to BE at 2 R when small seeds like this. It makes sense.
 

[eaxh]

Skärmavbild 2022-05-04 kl. 20.06.48.png