Tom's T20 Journal

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Re: Tom's T20 Journal

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DAX LO14.04.22


Pre Session Questions: Have you done your pre-session routine and read the rules? Yes

A)Is there any red news to be aware of?

Checked on my phone and see red news at 0745 and 0830, but same website says not on the laptop...hmmm 

B) Have you identified and plotted the relevant range levels? 

Yes Daily is drifting short but currently in a little pullback. 

H4 is in tall range H1 is also in tall range, but is at the top of that range, having had a strong bullish move up from the range low to the range high. 

M5 is in a 65 pip range from FO.      

TRADE / SESSION SUMMARY: meh  

Did you trade the plan? No, was not a TC breakout. 

Did the charts look and feel clear to you during this session?  I got sucked in. 

Questions arising from this session? No. 

How did you feel? I am wanting this batch and 100 to be done with so I can review and reset tbh. I have to remind myself to not simply rush into a trade just to get it over with now…. which is EXACTLY what I did. D!ckhead.   

POSITIVE THOUGHTS ETC

 I can now review my 100 trades.  

DS Running Total: 10/20 - 50%
 
BATCH 5 TRADE 20.png
  
 
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'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Re: Tom's T20 Journal

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T100 REVIEW - TECHINICAL AND PERSONAL  TECHINICAL REVIEW 

I started this bannana thing on the 15th Dec 2021, it’s now 14th April 22. So 4 months, part time! I must say, and have said this before, testament to the strategy and results are fantastic even simply TRYING to do my best to trade it correctly. Again, thanks immy for your feedback and continued support, guidance etc! I am sure I speak for everyone here.   

My DS rate over 100 trades is 65%. Batch 1 and Batch 5 let me down… 35% and 50%. 2,3,4  were 90%, 70% and 80%.   

My DS WIN RATE over 65 DS1 trades is around 45%. (the first 3 full batches were 1:2R TGT, then batch 4 and 5 1:3) 

My DS1 profit/loss is 10.2R, 7R, 11.6R, 16.4R and 4R compounded. 

My DS0 profit/loss is 6.9R, 1.1R, 2R, 5.3R and -4.2R compounded. 

Batch 5 was my only losing batch, it was a BE on R:R but a tiny loss monetary. 0.16% it equates to. 

Compounded this is 74.7R. (assume 1r is exact per trade. £10,000 to £17,470.35) Next t100 will be purely live so will have slight variation in R rate compared to actual P/L, fees etc. So from now on all entries will be exact monetary amount won/lost and BE when spread is tracked. I was going to start a new t100 when I went live at around trade 84 or something. But, wanted the data from 100 trades. Now I have that. I have my ball park figure to work from.

I will start fresh tracking live, knowing it will be different slightly; but ACCURATE.  I have a good baseline now of expectations going forward for my own personal stats.   



THINGS I DID GOOD

 - I continually improved my knowledge and skill gaps, identifying them on my own towards the end of the t100 which shows a level of understanding and improvement. 

- called halts on my trading when things were getting out of control or totally wrong. 

- I ALWAYS stuck to my daily draw down and max dd limits. 

- I ALWAYS only risked 1%. 

- on 3/4 occasions out of 100 I manually went to BE out of fear. I would say this is good. But needs to be ZERO times. 

- I KEPT GOING WHEN MY HEAD WAS SPINNING AND CONFUSED!!!   


THINGS I DID ‘BAD’ 

- got carried away with myself, got over confident and traded outside of my trading plan at times. I could easily have increased my DS rate by not doing this. Or, if it was in my trading plan then this would not have been DS0. 

- probably changed my trading plan too often, to fit my emotions. Ie, wanting to trade more markets or at different times of the day to give myself flexibility. Albeit at the end of a batch never during a batch. Having said that, in batch 5 I reverted back to only one market at one time of the day. I know I CAN, stick to this if I wish to.


THINGS I IMPROVED ON 

- understanding the market cycle 

- objectivity has improved, I just need to not over analyse. Where is the balance…. that is the next feat. 

- fomo and not chasing trades or losses. Always room for improvement for every trader here!   


THINGS I NEED TO IMPROVE ON 

- keeping it simple, NOT TRADING MARKET CYCLE. This is what has become apparent to me from batch 5. SO, I am actually glad I kind of went down this route. I now need to understand I DO NOT TRADE MARKET CYCLE but I have to be aware of MARKET CYCLE, and trade the setup. That is the difference. 

- I started to over analyse when going to small live account. Which, can be good or bad. I need the middle ground and to confirm my ‘style’  

- now I am live, trust the balance of probabilities again and trade the signals and setups. I am getting there with the context of trades now, I need to work/trust the edge again.     




EMOTIONAL / PERSONAL REVIEW  

THINGS I DID GOOD 

- I embraced the change from the setup 1 into the progression that is the bannana setup 

- I identified weaknesses/flaws in my trading early and asked questions in the early stages. Or, if I did not identify them, someone else did and I tried to address and understand the issues early. Early identification = early rectification.. if that is a word. 

- I kept up to my journal! This, possibly one of the hardest most time consuming tasks. But I did it, it took a few variations to get it how I want it. It is now habit :) 

- I got through the early frustrations of getting my charts setup how I want them; getting atm setup etc. My most frustrating days, were around tech issues lol. But now I feel happy with my layout, and the mechanics of the software etc. 

- I really focused on the emotional side of trading. I knew before, that trading is not as simple as pressing buy or sell. I think also this is what fascinates me about trading… it teaches you a lot about yourself; if you let it…. 

- I tried to tackle my emotional issues head on, fomo trades in the beginning. I sat and watched the market for a few sessions. Purely to tackle the fomo head on, I banned myself from trading but sat and watched to endure seeing everyone else making money. Looking back, I was just mad keen to learn and prove I could do it correctly. 

- I did not let the batch 5 drawdown phase me, I still focused on the DS1 even though it was hard! It was not the drawdown that got in my head. Perhaps experiencing a bit of draw down is a good thing for me!   



THINGS I DID BAD 

- what I call the 2 types of DS0. Technical DS0, and the going against your trading plan DS0. 

- going against my trading plan. Arguable, changing my trading plan batch by batch to fit my style. Going forward, as said above and below. If I am to change this, now is the time before the next t100 and I HAVE to stick to it for the next 100. 1, for discipline, and 2, for more accurate stats to going into my third t100.  


THINGS I IMPROVED ON

- my urge to take a trade and fomo has improved, but there is room for further improvement for sure!! 

- probability mindset 

- concentration levels and how long I can sustain concentration for. Adjusting my time on screen to suit. Knowing when enough is enough, or when it’s simply not happening and having the ability to walk away. 

- shaking off bad judgement errors and tilt quicker. NEXT. 

- there is probably a lot more in here, but now that is all I can think of.   



THINGS I NEED TO IMPROVE ON 

- my acceptance of risk and getting to BE so quick. I see BE as the safety blanket. But really, I only need to see DS1 as the safety blanket that soothes and calms me. 

- having the ability to simply take DS1 trades, especially on M1. Knowing the subtle differences that turn an m1 trade into a DS0 within a second, or a few seconds. Like, the quality of the pull back etc.  NEXT T100 VISION WHAT WILL I KEEP DOING 

- keep plotting market cycle, and pre-market top down analysis. BUT, It is literally awareness. I need to focus on the SETUP more than the cycle.

- positive thoughts at the end of the journal

- my journal routine, I am happy with my journal layout and session justification template

- keep putting in the effort

- keep trying to remain fully objective but also not been a perfectionist

- find the balance between analysis and paralysis; or analysis and perfection.

- keep been honest with myself and others, keep documenting my feelings every session

- doing my best to remain disciplined to my trading plan. 



CONSIDERATIONS FOR THE START OF MY NEXT T100. 

- my trading plan. I started to look at H1 as a sideline, I took a couple of trades. However, It has been about a month now and if I am totally honest it is not really fitting my lifestyle. As much as I don’t want to be the barber at the shop every day I do enjoy it. I have to do what I enjoy and fits me. I am open to looking at daily or h4, but difficult with tiny account. So maybe another 100 on m1 then consider this. 

- a bit more freedom in the markets I am looking at. Do I, go to h1/m5 on say 4 markets and allow myself to trade whenever I have available time to sit down and trade providing I do my pre-market routine before? Which may be better with my other commitments and work. Or do I only stick with M5/M1, as I am now but follow 2 markets. (when I did change to 2 markets I really enjoyed trading, it was my most enjoyable time out of this t100. It went a lot quicker, and I had less time to self destruct if I did make mistake. surprisingly, my DS scores were way higher! 


- going back to 2R TP. This logic comes from analysis I have done over my 100 trades. My results are this: Over 100 trades I would have taken 4R more profit with 1:3 than taking 2R TP. So it is the probability mindset which I really buy into, and, possibly a bit easier for me whilst in trades to bank some profit more regularly than see profits turn around. Or, is that me been scared so really I should stick to 3r and face it head on. 


These changes are only considerations; I need to think about over the weekend / before I return to trade my next t100 and get into my trading plan.  



WHAT DO I WANT TO ACHIEVE FROM THE NEXT 100 TRADES? 

- an overall DS of minimum 75% - ideally 80% 

- be in a positive position to seriously consider a challenge. I have thought about taking one soon. But, I think a little more time live is required yet. I am going to up my account size a little first.    


Sometimes, it is not the scored results that prove you are disciplined or not. It is also the unseen, unscored, undocumented efforts that actually show great discipline. Such as now, NEO, I could be trading it right now. But I am not because I have committed to not trading until this review is done and my trading plan is amended. So as much as my 65% is below where I want it to be, I know there is more discipline there; I simply need to transfer some of it over into the trades I take going forward to bump up that DS overall next time.

Overall, I HAVE to be pleased with my progress so far. :)

Happy Easter everyone :)
 
 
 
'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Re: Tom's T20 Journal

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NAS NEO 20.04.22


Pre Session Questions: Have you done your pre-session routine and read the rules? 

Yes

A)Is there any red news to be aware of?

No 

B) Have you identified and plotted the relevant range levels? 

Yes - I intend on keeping this simple from now on… 

Nas has broken an m5 range after a bullish move. It tried to break short of this just before the open. It then went into a micro range on m1.

Levels are set for a short trade or a long trade.      


TRADE / SESSION SUMMARY: 

I sit down starting my second t100, I feel settled. It does not mean I have to take a trade to officially start this t100, so I will simply wait and see what presents or not.  

It did present, it was a bit stretched but it was NEO and momentum was there. I took the trade. It was DS1.    


Did you trade the plan?  Yes 

Did the charts look and feel clear to you during this session? Yes 

Questions arising from this session? No 

How did you feel? 

There was the feeling/question within me of is this climatic? has it gone too far from the original range breakout? tp is going to be wayyy climatic when I saw the signal forming. I Considered this and I could have filtered this and seen this as a valid filter…  

this is where a 2r tp would be a more comfortable TP for me. But I went for it with 3R and move to 1r after 2r is hit.  

It took of straight away which made me chilled out.   


POSITIVE THOUGHTS ETC 

First session, felt structured and objective, objective in that I was in tune with the rules and was right to question the rules for a possible filter. Kept it simple. Didn’t get bogged down with crazy analysis, just drew what I saw and traded what it was. Just do this again and again.....


DS Running Total:  1/1
 
NAS NEO 20 04 22.png
 
NAS NEO 20 04 22 ZOOM OUT.png
 
BATCH 1 TRADE 1.png
 
BATCH 1 TRADE 1 M5.png
 
NAS NEO 20 04 22 TOO FAR GONE .png
 
NAS NEO 20 04 22 CHANNEL.png
 
 
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'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Re: Tom's T20 Journal

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NAS NEO 20.04.22


Pre Session Questions: 

Have you done your pre-session routine and read the rules? 

I did not read them, but I visualised them through them in my head, this is my next step to really focusing on been in the zone. The test of how much I ‘understand’ the rules will come from this. I can fall back on reading them if required.  

A)Is there any red news to be aware of?

No 

B) Have you identified and plotted the relevant range levels? Yes   

Daily is sideways
H4 has been bullish and broke a key HTF S/R, but, maybe start of a pull back to retest that level
H1 is in a bullish channel which is indecisive but the bias in long, open space to play for long.
M5 is tall choppy range. 


WAIT AND SEE.....

TRADE / SESSION SUMMARY: 

Did you trade the plan? 

Yes - however, my entry was this. We had the 2 signal, I was waiting on the 3 signal forming. In the last few seconds of the ‘3’ forming, price re-tested and shot up. As it was doing so, I placed the order. This was either going to be a 3 signal closing very close to the entry so risk not getting the order in; or a confirmation candle. It was not the typical ‘must wait for the close of the candle entry’ But, I knew what it was and why I was doing it. I felt in tune at the vital seconds required.  

Did the charts look and feel clear to you during this session? 

Yes 

Questions arising from this session?

No

 How did you feel? 

Good, felt on it this morning. Two trades the same as emma I have taken now :) :) :)  


POSITIVE THOUGHTS ETC 

‘ I am feeling/learning recently it is not about been IN a trade to be TRADING.’  

I feel content with filtering this morning. 

I know what I want to see. I rode out the messyness before the trade took off and whilst it was messy and faffy I was like ‘ok, good chance it’s going to be a rent, no dramas.’  


DS Running Total:  2/2

 
DAX LO 21 O4 22.png
 
DAX LO M5 21 04 22.png
 
BATCH 1 TRADE 2.png
 
 
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'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Re: Tom's T20 Journal

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NAS NEO 20.04.22


Pre Session Questions: 

Have you done your pre-session routine and read the rules? I visualised them through them in my head. 

A)Is there any red news to be aware of?

No 
B) Have you identified and plotted the relevant range levels? 

Yes   

Daily is kind of bearish but pulling back, 2 legged, with a signal candle yesterday off a level. 

H4 tall range H1 bullish, ema’s open to upside.

Valid h1 long signal you would be already in. 

M5 - wedge/channel, bullish favorable. Room to trade up to the htf highs.     


TRADE / SESSION SUMMARY: 

I did good today. I enjoyed it!


Did you trade the plan?  

Yes

Did the charts look and feel clear to you during this session? 

Yes 

Questions arising from this session? 

No 

How did you feel? 

I sit down thinking I am ready to be objective but free flowing. That is how I am thinking and feeling this aft. I’ll take what comes my way, or steer clear from it. Either is fine. 

I felt ‘in the zone’ today.

I was HAPPY with my patience, objectivity and discipline.   If I was grading my sessions as DS. This would be a DS1.



POSITIVE THOUGHTS ETC

I did what I needed to do and I am gone. I held my own today. I did good. I did not get sucked in.   The sun is shining and it's time to enjoy it.

DS Running Total:  2/2
 
NAS DAILY.png
 
NAS H4.png
 
NAS H1.png
 
NAS M5.png
 
NAS M5 WEDGE.png
 
M1 TRAIN HAS LEFT THE STATION.png
 
NAS RANGE FILTER.png
 
NAS close of session.png
 
 
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Re: Tom's T20 Journal

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DAILY.png
 
H4.png
 
H1.png
 
M5.png
 
The Open.png
BATCH 1 TRADE 3.png
 
 
CHANNEL ON M1.png
 
IMPULSE MOVE REQUIRED.png
 
FILTERED LEVELS LEFT AND RULE 3.png
 
 DAX LO 22.04.22


Pre Session Questions: Have you done your pre-session routine and read the rules? I visualised them through them in my head. 
A)Is there any red news to be aware of?

Yes - EUR red news 0830hrs, alarm set 0825. 

B) Have you identified and plotted the relevant range levels? Yes  

Daily is sideways after the huge bearish breakout of it’s range at the start of the year. The daily pullback was impulsive, now it’s sideways. Yesterday was a bearish hammer type candle. 

H4 is in a tall range, 3 bearish candles yesterday. Emas indicate sideways movement 

H1 is on a S/R level that has been respected several times over the past few days. But the move down yesterday has produced a short signal, but ema's were not in line with 100 ema.

M5 is in a bearish bias move, big short yesterday and now we are seeing the pullback. The classic setup one style, M5 setup one, but H1 bannana :)  Wave 3 down, wave 4 correction, now it will either short the wave 5. or could see it fail and go long. 

Plenty of room on M1 this morning ONCE m5 levels are broken.    


TRADE / SESSION SUMMARY: 

Did you trade the plan? Yes - my long trade was DS1 at LO. It didn’t work.   I also manually cancelled a PO and by the time I went to press buy bar, the signal I wanted had already moved too far. this was a valid trade which emma took. Unfortunately for me, I didn't get in in time. It rented. Stroke of luck for me, but, it was also DS1 so well done to EMMA :) 

Did the charts look and feel clear to you during this session? Yes - even though they were shoittteee charts today. I felt I understood them. 

Questions arising from this session? No 

How did you feel?

Sat down feeling a little more tired than usual. Once I had drawn my top down analysis levels I felt set. Feeling like I just need to do what I did yesterday. Remain objective, stick to the plan. No fear or fomo feelings at all. 


POSITIVE THOUGHTS ETC 

I didn’t chase price after a loss. I remained objective and focused on the next setup very quickly after the loss. I had put the loss to bed, it's gone. Move on. Reset and refocus. I did, just did not get my order in intime that is all.

I did not let a loss affect me. I accepted it. In fact I have pretty much forgotten about it. This is muchhhh better than the beginning of this journey.  I notice, when i am a little tired. I care less, maybe this helps with taking losses? lol..

DS Running Total:  3/3
 
 
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'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Re: Tom's T20 Journal

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NAS NEO 22.04.22


Pre Session Questions: Have you done your pre-session routine and read the rules? 

I visualised them through them in my head. 

A)Is there any red news to be aware of?

3:30 GBP RED NEWS 

B) Have you identified and plotted the relevant range levels? Yes   

H4 has broken short of the tall range it was in, it is in a small pullback/sideways move 

H1 is on a S/R level looking for rejection to go short. It is a signal on H1 2lpb style.H1 lows marked. Likely target. 

M5 is messy, tall range, but has had a bullish channel that may see break from the range highs. Aware of levels left on m5 within the H1.    


TRADE / SESSION SUMMARY: 

Did you trade the plan? Yes - it was however, calculated risk. Momentum was there it was still neo and I could get to BE before the key level. It was slightly stretched, so a little iffy but correct as per my TP.

Funny, because this morning I filtered a long trade, similar situation. However, the difference was LO had passed by that point and it was what I classed as properly climatic; this was still NEO, the momentum was there. Subtle differences.   


Did the charts look and feel clear to you during this session? 

Yes - I knew my trade was a little stretched before I took it, but not massively for NEO. I was objective in taking it, it’s in my TP I can take trades with calc risk to get to BE before a level. SO it’s DS1.   


Questions arising from this session? No 


How did you feel?  

I felt chilled, even in the trade. I knew where I was within the market. I saw the H1 lows were pertinent and if the trade was going fail it was probably going to be at that point. I’d accepted that prior, I’d measured out the opportunity to get to BE in points and I had sufficient room. 

I then Waited. Price went back into m5 range. I Said, I need it to break the highs or lows before I do anything. I filtered the next signal. It would have been a 1r. hey ho. Happy with my decision making there.

The later signal just before it broke, the movement and makeup of the impulse move was different, slightly. It was longer and more wicky, again, subtle difference. 

Filtered the first signal after the break of the lows also. That would have rented. Then it went into range.  


POSITIVE THOUGHTS ETC


 I just went with it this afternoon…… 

I don’t get frustrated if I filter a signal and it works out. I just, move on. I suppose, I see filters a bit like BE trades….  

I'm happy with my trading this week.

DS Running Total:  4/4
DAILY.png
 
H4.png
 
H1.png
 
M5.png
 
M1 PRE OPEN.png
 
M1 OPEN.png
 
BATCH1 TRADE 4.png
 
M5 RANGEBOUND NOW.png
 
M1 FILTER and BREAK.png
 
 
 
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"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Re: Tom's T20 Journal

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DAX LO 26.04.22


Pre Session Questions: 

Have you done your pre-session routine and read the rules? 

I visualised them through them in my head. 

A)Is there any red news to be aware of?

No 

B) Have you identified and plotted the relevant range levels? 

Yes  as per screenshots   (from now on. Only H1 down. no need for daily and h4.)



TRADE / SESSION SUMMARY: 

Did you trade the plan? 

No -  trade 2 was inside tall TR on m5. Not clean. Tried to be clever and take the setup one style break and retest on m1. But, it was not clean on m5. Not clean and wicky means. Indecisive markets.  Indecisive, and trading ranges… are not where the edge exist.   


Did the charts look and feel clear to you during this session? 

Yes - but trying to be clever got in the way.   


Questions arising from this session? 

No  - learning points brought out

How did you feel?  

The session open seemed QUICK today quicker than normal… then once the trading range formed at the lows; I felt time slow again which is what I prefer. Feeling like the trade I took near the open was scrappy. I focused more on the cycle, than the setup. Looking now, it was a scrappy trade albeit bearish bias. Maybe some unconscious fomo there? i did not feel fomo at the time, but, it's possible. Forcing a mediocre trade. 


My second trade. Well. I had justified the trade to myself but actually, it was not correct.  


When in the trade. I did not FEEL the need for the outcome to be anything, although I took calc risk to get to BE, that was different to the feeling urge to get to BE. This has to be a progression!   


POSITIVE THOUGHTS ETC Today has been a GOOD LEARNING DAY.

I feel clarity has come on the levels I need to plot. H1 RANGE HIGHS AND LOWS. Those are the KEY levels, the levels to play for and play off. And, liklihood is, those will become S/R. However, I DO NOT NEED TO TRADE IT AS S/R. That is not the edge.  

I am not feeling bad, guilty, or frustrated for my mistakes. No tilt. Just need a break from the screens and reset next time. This is muchhh better than a couple of months ago when I would eat myself up and over think the trade post event. :) feel like i am handling my emotions better recently for sure.


 DS Running Total: 5/6

 
DAX DAILY.png
 
DAX H4.png
 
H1 dax.png
 
H1 long possible.png
 
M5 DAX.png
 
BATCH 1 TRADE 5.png
 
BATCH 1 TRADE 6.png
 
SR TR CONFULENCE.png
 
 
 
 
 
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'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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Re: Tom's T20 Journal

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NAS NEO
 27.04.22


Pre Session Questions: Have you done your pre-session routine and read the rules? I visualised them through them in my head. 
A)Is there any red news to be aware of?

No 

B) Have you identified and plotted the relevant range levels from H1 down? Yes 

H1 is in tall range. Bearish Bias 

M5 has a tall trading range and a tight trading range within it. It broke from a tight range short just before the open but has levels left marked for awareness. Need the momentum of the open.    


TRADE / SESSION SUMMARY: 

I am not averse to m5 trades on this t100, as it is part of finding who I am as a trader. I will not DS0 myself for taking an M5 trade just because it is M5, I have a few pairs up on FX and scan for h1/m5. HOWEVER, see M1 indices as my primary.


What I have experienced today is that I cannot trade M5/M1 on the same pair. I was not on it today. The trades I missed due to speed of the market, well, so be it. I can live with that.  


Did you trade the plan? 

I have proved to myself I cannot trade m1 and m5 on the same chart. It must be either m5, or m1.   


Did the charts look and feel clear to you during this session? 

I had conflicting thoughts in my head about which M5 range / levels were the accurate ones to mark. I was thinking, aggressive at the open, be aware of the levels left but let momentum be the factor as it is NEO. Then I saw, tall TR on m5 , so, was thinking, well do I be very conservative for short trades and wait for the lows to break. 

This lead to more conflicting stuff, H1 s/r. My M5 trade was straight into it. I had previously marked this level, then for some reason decided to remove it. I need to find my process and stick to it. I do not know yet whether I am an aggressive trader or conservative, I am experiencing both. My results were great when I was in the 'F' it mode. It was easier to be in that mode. When i say F it mode, i mean, focus on M1 mode. 

 note something immy said in discord and I can agree and relate to it. Is the 100ema filtering too much for me? I did well trading the micro phases of m1. A bit more aggressive, I experienced in batch 3 and 4 of my first 100. Defo something to think about...... My thoughts right now are, if I go with the momentum settings. I will focus more on the setup than the larger scale analysis.' 


Questions arising from this session? 

I have identified things I can only work on and discover for myself.  This is a personality thing. 


How did you feel?  

I sit down pre-session in a good mood thinking today I simply need to stick to the plan. Simply need to mark the levels and trade the setups. It was not a clear as that though. I should have walked away when I was confused, that’s not a good trading mindset. 

At the highs I was conflicted between M1 and M5, I annotated the chart on M1 in an impulsive pullback. But then went long on the M5 because it was a signal. I should have not done this, I should have waited for M1 to break the M5 pb high, then look for my M1 entry. Impatience cost me. Also, had I followed my pre-market analysis from H1 and not removed that level I would have seen this was a low probability area to be going long.  HOWEVER again, momentum trading was the one today..



POSITIVE THOUGHTS ETC

Today was another learning day, everyone has a bad day, sometimes they are required to sharpen the knife again.   

It has been a productive day in opening up the mindset again. I am still discovering what is my style and that is ok. I have to go through these days to get to where I feel comfortable. I know I will trade best when I feel comfortable and at ease with what I need to do.

I don't feel bad now I have written this down :)


DS Running Total: 5/7

 
H1.png
 
M5.png
 
M5 review.png
 
M1 move.png
 
BATCH 1 TRADE 7.png
 
MOMENTUM .png
 
 
 
 
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'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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tombacon89
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Re: Tom's T20 Journal

Unread post by tombacon89 »

No trade for me this morning. Worked nights last night so LO was a no go. I took neo off. Just because I simply couldn’t be bothered. I felt tired. So, was not feeling like trading. I should have done that yesterday but, I felt like trading so I did 😊

One comment I made from my journal yesterday was ‘I cannot trade m5 m1 together.’

Here’s what I mean by that. My m5 trade was a stand-alone m5 trade because I was too impatient on m1. What should have happened, for an M5 trade. Was for me to trade H1/M5. 

I did not look at H1. Had I, I would have seen the location of H1 and also it was not a true trend candle. It was a bullish candle that had a wick at the top.

Which, that wick was my impulsive m1 pullback what I had already identified on m1 as rule 4. I just blindly went into M5. That is NOT the concept of trading M5. I need to check H1 TC as the 5xhtf and take the micro pull backs on m5. 

On reflection. I am glad I took that trade now, because I have learned something. 

So.

Here Is what I will do. I will take 2 live accounts now, one for H1/M5 and or HTF trades. I am considering H4/Daily for HTF as that will be achievable every day for me, especially in years to come when my life gets even busier with kids etc. The other account purely M5/M1 indices. 

The money I’ve saved for the challenge will go into the h1/m5 HTF account for now; and I’ll keep putting a little away each month again, and hopefully growing the accounts until I am ready for a challenge. 
'Do Not let yourself get in the way of your profit producing tools'

"If it’s meant to be, the universe is gonna throw it back to me, to get it back all we need is to let it go, put your faith put your trust in the chemicals" - Various Cruelties - Chemicals
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