Minsk T20 - Banana 1H

[Minsk]

No setups to my liking, so no trades
 

[Minsk]

 no setups, no trades

[Minsk]

no trades. because I didn't see a nice setup.

looking at the monthly possible trades in august I missed  a lot.
some because there was USD red news close to the signal. Some because I was at office so not possible to trade, some because I just didn't see it as a good setup.
Without indices it was possible to make about 20-25R, that's a truckload. Not many trades needed to get that even. 
Message to myself: a few very good setups you get, make enough R's. So only go for obvious good ones.

[Minsk]

1 - Trade Number: B4 -T17
2 - Pair Name: EUR-USD
3 - Signal Date: 31-8-2022
4 - Signal Chart Time: 12:00
5 - Signal Time Frame: H1
6 - Signal Type and Number: seed
7 - Buy or Sell: Sell 

8 - D1 Trend:  
9 - H4 Trend:   
10 - H1 Trend:  In hindsight when I zoom out  enough I'd say it's flat, so Trading Range. At the moment of the trade I didn't see it like that. I saw it going down. Breaking a level downwards. 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 3 candles

B - Is impulse move climactic?
no

C - Is there a pause or a pullback?
pullback, 1 candle, 19.3 pips

D - Is the pullback impulsieve?
no

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Technically correct setup, but context was not good. I saw a level where price closed below. If I had looked better and zoomed out more, I would have seen price was actually quite flat, so in a trading range.
EDITED: for reason trading in trading range it is a DS0.
I think in this case I should have waited for a retest of that level that was broken by candle(s) going up and being rejected and going down again. See drawing.

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

14 - Discipline Score Running Total: 10/17 = 0,59
 
 
 

[immy]

1 - Trade Number: B4 -T17
2 - Pair Name: EUR-USD
3 - Signal Date: 31-8-2022
4 - Signal Chart Time: 12:00
5 - Signal Time Frame: H1
6 - Signal Type and Number: seed
7 - Buy or Sell: Sell 

8 - D1 Trend:  
9 - H4 Trend:   
10 - H1 Trend:  In hindsight when I zoom out  enough I'd say it's flat, so Trading Range. At the moment of the trade I didn't see it like that. I saw it going down. Breaking a level downwards. 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 3 candles

B - Is impulse move climactic?
no

C - Is there a pause or a pullback?
pullback, 1 candle, 19.3 pips

D - Is the pullback impulsieve?
no

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Technically correct setup, but context was not good. I saw a level where price closed below. If I had looked better and zoomed out more, I would have seen price was actually quite flat, so in a trading range. 
I think in this case I should have waited for a retest of that level that was broken by candle(s) going up and being rejected and going down again. See drawing.

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

14 - Discipline Score Running Total: 11/17 = 0,65
 
 

 

This is quite literally a trade inside the trading range. 

Don't be too eager to take a trade. Preserve capital. Well, in fact, you should stop demo trading and risk some money. 

You won't learn SHIT if you trade on demo. It has to be at least 1000-5000 accounts. Anything less than this, for adults in europe or the USA is just waste of life. FACT. 

You should be SCARED or Concerned about losing when you take a trade. Only taht is the WAY to LEARN. 

anyway, so the setup here was not really a setup. 

Job number 1 is .... IS THE MARKET TRENDING .... if not, there is no point to even qualify a signal. 

[Minsk]

1 - Trade Number: B4 -T17
2 - Pair Name: EUR-USD
3 - Signal Date: 31-8-2022
4 - Signal Chart Time: 12:00
5 - Signal Time Frame: H1
6 - Signal Type and Number: seed
7 - Buy or Sell: Sell 

8 - D1 Trend:  
9 - H4 Trend:   
10 - H1 Trend:  In hindsight when I zoom out  enough I'd say it's flat, so Trading Range. At the moment of the trade I didn't see it like that. I saw it going down. Breaking a level downwards. 

11 - Risk Percentage: 1% 

Flowchart questions:
A - Is there an impulse move?
yes 3 candles

B - Is impulse move climactic?
no

C - Is there a pause or a pullback?
pullback, 1 candle, 19.3 pips

D - Is the pullback impulsieve?
no

12 - Post-Trade Comments: (Feelings, Analysis, What could have been differently, lessons)
Technically correct setup, but context was not good. I saw a level where price closed below. If I had looked better and zoomed out more, I would have seen price was actually quite flat, so in a trading range. 
I think in this case I should have waited for a retest of that level that was broken by candle(s) going up and being rejected and going down again. See drawing.

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

14 - Discipline Score Running Total: 11/17 = 0,65
 
 


 

This is quite literally a trade inside the trading range. 

Don't be too eager to take a trade. Preserve capital. Well, in fact, you should stop demo trading and risk some money. 

You won't learn SHIT if you trade on demo. It has to be at least 1000-5000 accounts. Anything less than this, for adults in europe or the USA is just waste of life. FACT. 

You should be SCARED or Concerned about losing when you take a trade. Only taht is the WAY to LEARN. 

anyway, so the setup here was not really a setup. 

Job number 1 is .... IS THE MARKET TRENDING .... if not, there is no point to even qualify a signal. 

 

No setup means: DS0 if you trade it. So then it was a DS0.
I will think about setting up a small, real money account. I will first finish this batch.

[Minsk]

Thursday I didn't see good setups on my charts.
Friday was NFP day so I did not trade.

[Minsk]

no setups, no trades....

[Minsk]

No trades.
I pondered about UJ but decided against it because it was already way up. Looking at it now, I missed out big. Was this a wrong decision, or just you miss some....
 

[immy]

No trades.
I pondered about UJ but decided against it because it was already way up. Looking at it now, I missed out big. Was this a wrong decision, or just you miss some....
 



 

Let me help ease the pain.

Do you feel the pain of missing? FOMO kicking in? Do you feel that you missed a huge winner? is it ok to feel this way. YES... absolutely.

You should feel that pain. It's normal. TRADING IS PAINFUL. 

Here is how I would process this ... 

Should you have taken the trade?
Did you filter it because it did not meet your criteria?
If yes, then you've done yourself a favour. You have followed your trade plan. Good , well done. 

If you have filtered it using your "objective" filter rules (climactic) then there is nothing to worry about. It happens. No system in the world will catch all the "moves" Remember, WE ARE NOT HERE TO CATCH EVERY MOVE.... (it would be nice to have that system but sadly we just can't find Miro type trading system which trades every time frame, every market all day long even when asleep lol). 

or did you filter it because "you were not sure" or "you were scared"? Was it a valid signal according to your plan and still you did not  trade it? 
In this case, slap yourself in the metaphorical mirror and tell yourself off and make sure you remain objective and take all valid signals. Well, not all but the ones that look good to you. These things will happen. It's ok. NEXT NEXT NEXT 

 
Check my SIGNATURE... it says the answer to your question....