Minsk T20 - Banana 1H

[Minsk]

1 - Trade Number: B4 -T6
2 - Pair Name: USD-CAD
3 - Signal Date: 21-6-2022
4 - Signal Chart Time: 8:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: Banana #1
7 - Buy or Sell: Sell 

8 - D1 Trend:  Down
9 - H4 Trend:  Down 
10 - H1 Trend:  Down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
Yes, there  is, 4 candles. and 50 EMA on right side.

B - Is impulse move climactic?
No not climactic.

C - Is there a pause or a pullback?
Yes. It's a pause/slight pullback of 2 candles

D - Is the pullback impulsieve?
No, and it gives a banana #1.  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Looked like good signal, so I took it. I was aware there would be red news on CAD later in the afternoon, and thought the trade would probably would have finalised by that time. It hit the SL (at BE) way before that time.

13 - Discipline Score For this Trade: DS1 
13.1- If applicable, what is the Reason for DS0:  

14 - Discipline Score Running Total: 4/6 = 0,67
 
 

[immy]

1 - Trade Number: B4 -T6
2 - Pair Name: USD-CAD
3 - Signal Date: 21-6-2022
4 - Signal Chart Time: 8:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: Banana #1
7 - Buy or Sell: Sell 

8 - D1 Trend:  Down
9 - H4 Trend:  Down 
10 - H1 Trend:  Down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
Yes, there  is, 4 candles. and 50 EMA on right side.

B - Is impulse move climactic?
No not climactic.

C - Is there a pause or a pullback?
Yes. It's a pause/slight pullback of 2 candles

D - Is the pullback impulsieve?
No, and it gives a banana #1.  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Looked like good signal, so I took it. I was aware there would be red news on CAD later in the afternoon, and thought the trade would probably would have finalised by that time. It hit the SL (at BE) way before that time.

13 - Discipline Score For this Trade: DS1 
13.1- If applicable, what is the Reason for DS0:  

14 - Discipline Score Running Total: 4/6 = 0,67
 
 

 

Immediately reduce pairs to 4. Immediately. EU GU UJ DAX. 
 

[Minsk]

 After the BE result of the USD-CAD the Yen pairs started moving.

Looking at USD-JPY first. USD-JPY was not ready, as I wanted the level that was to the left being broken, and getting a banana signal after that. If it breaks the level it would be in uncharted territory. In hindsight, I should not have waited, looking at Immy's trade which is making lots of R's.

GBPJPY was looking good, close by levels cleared and a signal, But it was not like there wasn't anything to the left. Defo not uncharted territory.
So I looked for another currency that was strong versus the JPY, and that's why I looked at CHF-JPY. This  is already in uncharted territory, nothing to the left. And it looked a good setup too.

So I decided to spread the risk and do half risk on both these pairs.

I  deliberately violated my tradingplan, and I really thought about it before I made the choice to do so. I think these were valid arguments.

1 - Trade Number: B4 -T7
2 - Pair Name: GBP-JPY
3 - Signal Date: 21-6-2022
4 - Signal Chart Time: 12:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: Seed
7 - Buy or Sell: Buy 

8 - D1 Trend:  Up 
9 - H4 Trend:  Up 
10 - H1 Trend:  Up 

11 - Risk Percentage: 0.5 % 

Flowchart questions:
A - Is there an impulse move?
Yes, there  is, 3 candles. 50 EMA on right side.

B - Is impulse move climactic?
No not climactic.

C - Is there a pause or a pullback?
Yes. It's a pause of 1 candles.

D - Is the pullback impulsieve?
No, and it gives a seed.  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
I was hesitant on the GBP-JPY because of the level quite far to the left. Hence my choice to spread risk between 2 Yen pairs and do both half risk.
The GBP-JPY trade is still running. SL is at BE.

update: trade has finalised and 1.5R target has been hit.

13 - Discipline Score For this Trade: DS1 
13.1- If applicable, what is the Reason for DS0:  

14 - Discipline Score Running Total: 5/7 = 0,71

21-6-2022 GBP-JPY.PNG

 

21-6-2022 GBP-JPY result.PNG

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

1 - Trade Number: B4 -T8

2 - Pair Name: CHF-JPY
3 - Signal Date: 21-6-2022
4 - Signal Chart Time: 12:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: Seed
7 - Buy or Sell: Buy 

8 - D1 Trend:  Up 
9 - H4 Trend:  Up 
10 - H1 Trend:  Up 

11 - Risk Percentage: 0.5% 

Flowchart questions:
A - Is there an impulse move?
Yes, there  is, 2 candles and doji. 50 EMA on right side.

B - Is impulse move climactic?
No not climactic.

C - Is there a pause or a pullback?
Yes. It's a 1 candle pullback.

D - Is the pullback impulsieve?
No, and it gives a seed.  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Because I wasn't really sure about  GBP-JPY because of levels to the left, I looked  for another currency that was strong versus the JPY, and that's why I looked at CHF-JPY. This  is one already in uncharted territory, nothing to the left. And it looked a good setup too.

So  half risk on both these pairs.

I  deliberately violated my tradingplan, and I really thought about it before I made the choice to do so. I think these were valid arguments.

In hindsight, it was a good choice to trade this pair. It went straight to TP of 1.5R in this case.

13 - Discipline Score For this Trade: DS0 
13.1- If applicable, what is the Reason for DS0:  
Violation of trading plan, this pair is not in it. Valid arguments do not justify using it.

14 - Discipline Score Running Total: 5/8 = 0,63

 

21-6-2022 CHF-JPY.PNG

 

21-6-2022 CHF-JPY result.PNG

 
 
 
 
 

[Minsk]

1 - Trade Number: B4 -T9
2 - Pair Name: USD-JPY
3 - Signal Date: 21-6-2022
4 - Signal Chart Time: 18:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: Seed
7 - Buy or Sell: Buy 

8 - D1 Trend:  Up 
9 - H4 Trend:  Up 
10 - H1 Trend:  Up 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
Yes, there  is, 3 candles. 50 EMA on right side.

B - Is impulse move climactic?
No not climactic.

C - Is there a pause or a pullback?
Yes. It's a pulback of 3 candles.

D - Is the pullback impulsieve?
No, and it gives a seed.  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
GBP-JPY trade is running risk free as SL is at BE there.
So I could take this signal on USD-JPY. It had broken the levl and it gave a signal. This was the 2nd pullback/pause after separation of 5 and 10 EMA.

Updated: trade has finalised, result BE.

13 - Discipline Score For this Trade: DS1 
13.1- If applicable, what is the Reason for DS0:  

14 - Discipline Score Running Total: 6/9 = 0,67
 
 

[Minsk]

1 - Trade Number: B4 -T6
2 - Pair Name: USD-CAD
3 - Signal Date: 21-6-2022
4 - Signal Chart Time: 8:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: Banana #1
7 - Buy or Sell: Sell 

8 - D1 Trend:  Down
9 - H4 Trend:  Down 
10 - H1 Trend:  Down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
Yes, there  is, 4 candles. and 50 EMA on right side.

B - Is impulse move climactic?
No not climactic.

C - Is there a pause or a pullback?
Yes. It's a pause/slight pullback of 2 candles

D - Is the pullback impulsieve?
No, and it gives a banana #1.  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Looked like good signal, so I took it. I was aware there would be red news on CAD later in the afternoon, and thought the trade would probably would have finalised by that time. It hit the SL (at BE) way before that time.

13 - Discipline Score For this Trade: DS1 
13.1- If applicable, what is the Reason for DS0:  

14 - Discipline Score Running Total: 4/6 = 0,67
 
 


 

Immediately reduce pairs to 4. Immediately. EU GU UJ DAX. 
 

 

Per Immy's request/advice:
Pairs are now EUR-USD, GBP-USD, USD-JPY and DAX.
Dax is new for me. 

[immy]

 

13 - Discipline Score For this Trade: DS1 because of valid arguments to violate the tradingplan.

 
 
 
 

 

These are exactly the lines taken from the British Prime Minister's code of conduct. It was right not to do the right thing. It was right to do the wrong thing. At this time the wrong is the right. When I like to see Red the blue looks red and so the blue is red. 
 

[Minsk]

 
yes you are right.
it's a DS0
 

[immy]

You are Stage 1.  Every time you exit, say 1R instead of 3R or 2R instead or 3R, or move SL too early, or exit too early, or change the time frame, or trade another pair, despite the fancy thoughts and awesome ideas... IT WILL BE DS0... If you do it knowingly, you can, but you will have to accept and say, I am willing to accept a DS0. Willing to DENY my goal of 100% discipline score for profit? 

[Minsk]

Nothing to report for today, no trades.
 

[tombacon89]

Nothing to report for today, no trades.
 

 

This is a powerful journal entry… to simply 
write one line is keeping in line with your good habits .