Minsk T20 - Banana 1H

[Minsk]

No trades. No nice setups on my charts.
MArket exploded when red news got out. Huge news driven candles.
Wondering if there will be setups again to take.....

[Minsk]

1 - Trade Number: B4 -T13
2 - Pair Name: USD - JPY
3 - Signal Date: 11-8-2022
4 - Signal Chart Time: 13:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: #3
7 - Buy or Sell: Sell 

8 - D1 Trend:  didn't check before I placed the trade, 
9 - H4 Trend:  didn't check before I placed the trade 
10 - H1 Trend:  day after huge news candle down, trend is down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 2 trend candles

B - Is impulse move climactic?
no not climactic

C - Is there a pause or a pullback?
there isa 3 candles pullback, 

D - Is the pullback impulsieve?
no, nice smaller candles, signal candle #3 is 15.80 pips  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
My patience  gets rewarded. A really nice DS1 trade for 3R profit.


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

14 - Discipline Score Running Total: 8/13 = 0,62
 

[Minsk]

Day at the office so no trading today.

[eaxh]

1 - Trade Number: B4 -T13
2 - Pair Name: USD - JPY
3 - Signal Date: 11-8-2022
4 - Signal Chart Time: 13:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: #3
7 - Buy or Sell: Sell 

8 - D1 Trend:  didn't check before I placed the trade, 
9 - H4 Trend:  didn't check before I placed the trade 
10 - H1 Trend:  day after huge news candle down, trend is down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 2 trend candles

B - Is impulse move climactic?
no not climactic

C - Is there a pause or a pullback?
there isa 3 candles pullback, 

D - Is the pullback impulsieve?
no, nice smaller candles, signal candle #3 is 15.80 pips  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
My patience  gets rewarded. A really nice DS1 trade for 3R profit.


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

14 - Discipline Score Running Total: 8/13 = 0,62
 

 

PURRFECT ONE!!

This is the one we take. Not the ones we have to think about and weigh pros and cons. 
The banana setup is easy peasy 
 

Keep up the good work! 

[Minsk]

1 - Trade Number: B4 -T13
2 - Pair Name: USD - JPY
3 - Signal Date: 11-8-2022
4 - Signal Chart Time: 13:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: #3
7 - Buy or Sell: Sell 

8 - D1 Trend:  didn't check before I placed the trade, 
9 - H4 Trend:  didn't check before I placed the trade 
10 - H1 Trend:  day after huge news candle down, trend is down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 2 trend candles

B - Is impulse move climactic?
no not climactic

C - Is there a pause or a pullback?
there isa 3 candles pullback, 

D - Is the pullback impulsieve?
no, nice smaller candles, signal candle #3 is 15.80 pips  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
My patience  gets rewarded. A really nice DS1 trade for 3R profit.


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

14 - Discipline Score Running Total: 8/13 = 0,62
 


 

Perfect text book trade. i can take this any given day. i was out of surgery and feeling groggy due to anthesis so did not take it. Even with half conciseness i recognized this setup.  
 
 

 

Surgery, Are you OK doing Ok Sam? 
 

[Minsk]

1 - Trade Number: B4 -T13
2 - Pair Name: USD - JPY
3 - Signal Date: 11-8-2022
4 - Signal Chart Time: 13:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: #3
7 - Buy or Sell: Sell 

8 - D1 Trend:  didn't check before I placed the trade, 
9 - H4 Trend:  didn't check before I placed the trade 
10 - H1 Trend:  day after huge news candle down, trend is down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 2 trend candles

B - Is impulse move climactic?
no not climactic

C - Is there a pause or a pullback?
there isa 3 candles pullback, 

D - Is the pullback impulsieve?
no, nice smaller candles, signal candle #3 is 15.80 pips  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
My patience  gets rewarded. A really nice DS1 trade for 3R profit.


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

14 - Discipline Score Running Total: 8/13 = 0,62
 



 

PURRFECT ONE!!

This is the one we take. Not the ones we have to think about and weigh pros and cons. 
The banana setup is easy peasy 
 

Keep up the good work! 


 

Thanks, yes textbook example, a blind person could spot this one 
 
 

[immy]

1 - Trade Number: B4 -T13
2 - Pair Name: USD - JPY
3 - Signal Date: 11-8-2022
4 - Signal Chart Time: 13:00
5 - Signal Time Frame: 1H
6 - Signal Type and Number: #3
7 - Buy or Sell: Sell 

8 - D1 Trend:  didn't check before I placed the trade, 
9 - H4 Trend:  didn't check before I placed the trade 
10 - H1 Trend:  day after huge news candle down, trend is down 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 2 trend candles

B - Is impulse move climactic?
no not climactic

C - Is there a pause or a pullback?
there isa 3 candles pullback, 

D - Is the pullback impulsieve?
no, nice smaller candles, signal candle #3 is 15.80 pips  

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
My patience  gets rewarded. A really nice DS1 trade for 3R profit.


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

14 - Discipline Score Running Total: 8/13 = 0,62
 




 

Perfect text book trade. i can take this any given day. i was out of surgery and feeling groggy due to anthesis so did not take it. Even with half conciseness i recognized this setup.  
 
 



 

Surgery, Are you OK doing Ok Sam? 
 


 

yep oral surgery. four wisdom tooth extraction. Painful. Recovering well. Thanks for asking.
 

 

Damn, you're so f**** wise... I don't even have a single wisdom tooth.. sorry buddy, it must have been painful. Hopefully you recovering nicely ... cheers 

[Minsk]

it's almost embarrassing to post this... 
effed up again. don't try to be smart. stick to the trading plan => only H1

1 - Trade Number: B4 -T14
2 - Pair Name: USD - JPY
3 - Signal Date: 15-8-2022
4 - Signal Chart Time: no signal on H! 
5 - Signal Time Frame: m5
6 - Signal Type and Number: seed
7 - Buy or Sell: Sell 

8 - D1 Trend:  didn't check 
9 - H4 Trend:  didn't check 
10 - H1 Trend:  it's moving sidesways, breaks box level downwards 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 2 trend candles and fast moving down 3rd candle on H1

B - Is impulse move climactic?
3rd candle is

C - Is there a pause or a pullback?
no pullback yet

D - Is the pullback impulsieve?
NA 

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Afraid to miss the move and trying to be smart and enter on m5 instead of just wait for a good setup to present itself on H1. Stay on H1.
I think I have now finally learned this lesson, as I was really pissed off with myself. Instant punishment. Not following plan? Result: You loose!
Capital preservation is more important than missing a move. There will always be next moves. Lost money is lost. That's no problem if loosing and following plan, as the edge will take care of that. But not OK if not following plan and I ruin the edge by eff ups.


13 - Discipline Score For this Trade: DS0 
13.1- If applicable, what is the Reason for DS0:  see 12

14 - Discipline Score Running Total: 8/14 = 0,57
 

[immy]

it's almost embarrassing to post this... 
effed up again. don't try to be smart. stick to the trading plan => only H1

1 - Trade Number: B4 -T14
2 - Pair Name: USD - JPY
3 - Signal Date: 15-8-2022
4 - Signal Chart Time: no signal on H! 
5 - Signal Time Frame: m5
6 - Signal Type and Number: seed
7 - Buy or Sell: Sell 

8 - D1 Trend:  didn't check 
9 - H4 Trend:  didn't check 
10 - H1 Trend:  it's moving sidesways, breaks box level downwards 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 2 trend candles and fast moving down 3rd candle on H1

B - Is impulse move climactic?
3rd candle is

C - Is there a pause or a pullback?
no pullback yet

D - Is the pullback impulsieve?
NA 

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Afraid to miss the move and trying to be smart and enter on m5 instead of just wait for a good setup to present itself on H1. Stay on H1.
I think I have now finally learned this lesson, as I was really pissed off with myself. Instant punishment. Not following plan? Result: You loose!
Capital preservation is more important than missing a move. There will always be next moves. Lost money is lost. That's no problem if loosing and following plan, as the edge will take care of that. But not OK if not following plan and I ruin the edge by eff ups.


13 - Discipline Score For this Trade: DS0 
13.1- If applicable, what is the Reason for DS0:  see 12

14 - Discipline Score Running Total: 8/14 = 0,57
 

 

oh no no no no no .... this is NOT the setup.... nah

[Minsk]

Your FOMO is clearly visible on this trade. Even from M5 perspective it was late entry seed. you want to get in early when AO is close to Zero Line. Best to ignore M5 and stick with H1. Higher time frame is filter in itself. Nevermind, we all go through this. i have made mistakes like that too. 
 

 

yes you're absolutely right, FOMO.