$200,000 Forex Funded Account Challenge - Evaluation Phase 2

[immy]

Analysis at the time of PO: 
US100 NASDAQ QQQ Pending Buy Order 
Signal Type : Number 3 
Impulse Candles = 3 
Pullback Candles = 3 

Context: Wide Trading Range 
A feel-good setup. 

3 impulse candles
3 pullback/pause candles with signals
The pattern is correct. Context is Wide Trading Range 
Analysis after Exit

B3T2 
I actively monitored this trade during the open. Indices usually gyrate and then find direction. So I allowed some space for it. IT went very near BE level and I moved SL to BE and left the screen. BE exit. I'm fine with it. 

 
 

[immy]

1. Trade Number: B3T1
2. Date/Time: 3 June 2022  12.00
3. Symbol/TF: DAX H1
4. Signal Type / Direction: Number 1 Sell

5. Questions Before Trade is Taken:

a) How do I feel before setting the order?

I have forgotten these. 

b) Is this technically The Setup?
Yes. this was a TTPP

6. Question After The Trade has been closed: 

a) How Do I feel after closing the trade (or end of the session for Day Traders)?

I felt pretty good about taking this trade. IT was going against 50ema but that's fine I thought. The impulse was pretty good. The trade the day before was also good but I missed it. 

b) Have I done well and why? 
Yes, I have followed the plan. 

c) Have done badly and Why?

d) What Could I have done differently? 

7. DS For this Trade: 1
8. DS Running Total: 3 /3

ps: I forgot to update this trade on Friday. 
Tdoay I saw the seed but did not take it as  I was taking NASDAQ. Turns out this was a better setup. This is why Reducing your pair is better. 
 
H1 Trend Down, H4 Trend Up pulling Down, D1 Trend Up

[immy]

B3T3 

Trade 3.jpg

 

A Meh Trade Forgot ot update it here 
 

Below Missed Trades 



This was a nice signal but I committed to NASDAQ and ignored this one. NAS was BE this was 3R. 

2022-06-06_15-47-00.jpg

 
USDJPY 

I saw that the white trend candle , broke the level and it felt like it was going to continue. I know yens are all trending up. I knew h4 was up trend and D1 is up trend. I put a PO but was deleted as price went down. Then I did not get a signal. I was tempted to go long on the small doji but it was not a signal and I was in other trades. 

2022-06-06_15-49-17.jpg

 
 
 
 
 
 
 
 
 

[immy]

I just had a rough backtest from March until May and I found this 

EUR/USD 26 R
GBP/USD 24 R
USD/JPY 44R

Total: 94 R

So this is the BAR I have to use to measure my performance. 

I used 50 ema filter On and 1R SL with 3R TP and Move to BE at 2R. 

sam: can you believe this? this is the potential of the market

how much did you gain and how much did I or anyone else? this is the game. 

We have to measure our performance with the performance of the System. If we could achieve even half the results, we would be VERY happy people. 

Good weekend everyone... 
 

Ps: Further analysis and comparison to Indices.

NAS did only 11R (with lots of rents)  and US30 10R. and DAX is 12R.

You can see that we can only count this as a single number for these 3 due to their high correlation.
And the results are nearly the same.

If we take the average it comes to 11.

So even if you traded just one of these, your results will be the same in terms of probability and risk.

e.g. if you say the result of these three is not 3, instead of its 10+11+12=33 then you are saying that if you took 1% risk (while you risked 3% at the time) you would have made 33%. But if you did the same on USD/JPY and risked 3% per trade then you'd have made 44x3 = 132%

 
 pps: DAX30 Jan until March is 17 R's. 
GU 17R
 
 
Trading 3 Correlated Markets = Trading 1 Market

Yep, If you trade 3 markets that are highly correlated, like the Stock indices then you are essentially trading the SAME market. IF you riks 1% on each market at the same time, you're risking 3% on ONE MARKET. 

Do Not Risk 1% on 3 Signals on 3 indices. Instead divide your risk. If I see signals on all 3 markets, I will either chose 1 and go 1% risk on that market. Or I'll choose 2 and go 0.5% risk on 2 of them. IF I want to take all three signals on US30, DAX and NAS then I'll risk 0.33% on each. or I'l go 0.5% on each and take total risk of 1.5%.  
 
 
So, I actually trade 6 Markets on 8 Charts 





 

 

If Just 4 markets can give you nearly 100% (double your account) in 3 months then why do I need to watch 8 or more markets? 

Hence I will watch EU GU UJ and DAX (Avoid US Spikes at the open, no need to worry about that) . 


 

[Minsk]

1. Trade Number:
B3T2

2. Date/Time: 6 June 2022  13.00

3. Symbol/TF: GBP/USD H1

4. Signal Type / Direction: Number 3 Buy 

6. How do I feel before setting the order?

It was a feel-good trade. First I saw this as climactic. After hitting the gym and back I saw the 5 candle pattern and felt great about it. 

7. Is this technically The Setup?
Yes, It is the TTTPP setup. TTTPP. It was obvious that there was some resistance but I did not care about it. The Signal looked lovely. Did not work 

8. D1 Trend:  
Up Trend 

9. H4 Trend:   
Up Trend

10. H1 Trend: 
Up Trend

11. Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)

I feel pretty good about it. The setup was good. Just did not work. I will take setups like these over and over again. Though, the thought of "what if I filtered it based on the support/resistance levels to the left?" lingers. and it's valid but it's one of those... the ones I take, rents the ones I miss-hit 3R. I'm in that drawdown period. 


7. Discipline Score For this Trade: 1
8. Discipline Score Running Total: 1 /1
 Trade 1.jpg
 



GBP/USD 

There is a signal and the pattern is a 5 candle pattern. 3 impulse and 2 pullback candles with signals. 

Some resistance but the Setup is better so I'll take it. 

Nice clean 3 candle impulse 
2 candle pullback

Essentially THE Pattern we are after. Context though is not the greatest. 2022-06-06_12-59-23.jpg
 

US100 NASDAQ QQQ Pending Buy Order 
Signal Type : Number 3 
Impulse Candles = 3 
Pullback Candles = 3 

Context: Wide Trading Range 
A feel good setup. 

3 impulse candles
3 pullback/pause candles with signals
The pattern is correct. Context is Wide Trading Range 2022-06-06_13-05-03.jpg
 
 
 
 
 
 
 

 

GBP-USD:
Thx for the heads up on this one. It did have a nice impulse and pullback pattern. 
I filtered it because of the levels. And my level history of last week.
 

[immy]

Love these types of setups ... 

I'd have gone long before the breakout too. (that was a TTPP Pattern) Because I am long on DAX h1 using the TR method. Also on the NASDAQ but these are not part of my T20's. Just play the account. 



Also Missed a Trade on GU H1/M5 
 
 
 
 

[immy]

Love these types of setups ... 

I'd have gone long before the breakout too. (that was a TTPP Pattern) Because I am long on DAX h1 using the TR method. Also on the NASDAQ but these are not part of my T20's. Just play the account. 



Also Missed a Trade on GU H1/M5 
 
 
 
 






 

 

2022-06-07_16-33-35.jpg

Exit Loss. Did not work, which was highly expected. 

2022-06-07_16-52-05.jpg

 
 

GBPUSD Sell the TR Highs Idea... Looks aggressively bullish though that might be an issue. Just playing with it. 100 risk 1000 reward. could not be a bad bet. High probability of losing the trade but the risk-reward is big. Understanding this bit of statistics takes a while. There are trade setusp with low probability of success but they are not BAD setups because they provide a huge risk to reward ratio. 

e.g. UJ creates those tiny seeds within trading ranges. When you take them, you will have a lot of losing trades but the ones that win will win you 20Rs. Very hard to do. 
 
 

2022-06-07_16-48-17.jpg

 
 
 
 

[immy]

1. Trade Number:
B3T4

2. Pair Name: 
USDJPY

3. Signal Date: 
7 June 2022

4. Signal Chart Time: 
19.00

5. Signal Time Frame: 
H1

6. Signal Type and Number 
B2 - Pattern RTRPP (not a TTTPP) Sell - Trend Reversal with New Lower Low 

7. Buy or Sell:  
Sell 

8. D1 Trend:  
Up

9. H4 Trend:   
Up 

10. H1 Trend: 
Up  (far from 50ema and new lower low)MTR

11. Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Risk %: Quarter: Due to late in the day and trend reversal. The Trade was a loser of course, that was more expected, as UJ was trending strong. And also, as my 12 year old when he was stood beside me, pointed out that the setup did not have a clean 2 trend candles. IT had wicks. He was right. 

Trade 4 - Entry.jpg

 
 Trade Exit 

 

Trade 4 - Exit.jpg

 
 
DS Score: 1 

Total : 4/4 (100%)

Lessons: I have learned my lessons and I will NOT take trades against 50 when its moving strongly like this. 

[immy]

1. Trade Number:
B3T5

2. Pair Name: 
EURUSD

3. Signal Date: 
7 June 2022

4. Signal Chart Time: 
20.00

5. Signal Time Frame: 
H1

6. Signal Type and Number 
A signal but not really a signal. I used a limit buy on this but I am not supposed to use this for markets that are stuck on trading range on the daily chart or h4. Just not supposed to trade ranges. 

7. Buy or Sell:  
Buy

8. D1 Trend:  
TR

9. H4 Trend:   
TR

10. H1 Trend: 
TR (lines are mingled, no clear trend. 

11. Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Oh well, I don't really know now, writing this on the 11 of June, what I was thinking. 

Lesson: I have changed my templates so that I can be more conscious of trends and overall structure. 
 

[immy]

Attached is the picture of a signal on the USDJPY H1 chart.

I Saw this today before my morning walk, I thought about setting a pending buy (limit) order but I don't do that for banana signals, I do it only for seeds.

Then I decided to not to do it. Now its hit 3R.

I am definitely what we call in Cricket, "out of form" or in trading," out of the zone". I know that I will get back in, hopefully soon.

When not in the zone,

• I see things late,
• I don't trust myself and my system, and
• I hesitate and make mistakes.