Emma´s Challenge M5

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eaxh
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phase 1 trade 7 8 9

Unread post by eaxh »

It is hard to just continue to take the setups when no one is turned into a winner. 
The pressure of being in a challenge does not make it better.

How will i turn it around or a better way to ask is how will IT turn around? 
By not change and just keep taking the setups. 

7 and 9 ( edit) 
trade 8 och 10.png
   8 ( edit)
trade 9.png
 
 
 
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Last edited by eaxh on 03 Oct 2022, 14:37, edited 1 time in total.
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immy
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Re: phase 1 trade 8 9 10

Unread post by immy »

eaxh wrote: 29 Sep 2022, 11:56 It is hard to just continue to take the setups when no one is turned into a winner. 
The pressure of being in a challenge does not make it better.

How will i turn it around or a better way to ask is how will IT turn around? 
By not change and just keep taking the setups. 
trade 8 och 10.png
   trade 9.png
 
 


 
The first one was good. the second one was obviously in a TR but perhaps you did not see it as that... 
 
 
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The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

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eaxh
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Re: phase 1 trade 8 9 10

Unread post by eaxh »

immy wrote: 29 Sep 2022, 13:10
eaxh wrote: 29 Sep 2022, 11:56 It is hard to just continue to take the setups when no one is turned into a winner. 
The pressure of being in a challenge does not make it better.

How will i turn it around or a better way to ask is how will IT turn around? 
By not change and just keep taking the setups. 
trade 8 och 10.png
   trade 9.png
 
 





 
The first one was good. the second one was obviously in a TR but perhaps you did not see it as that... 
 
 



 
it is so freakin easy too se in hindsight, especially with your notes on them. 
I did not see it as a TR. I saw it as the HTF 2 legged pullback was done and a possible continuation was coming. 
I saw it like this 
29.09.2022_19.29.39_REC NAS M5.png
 
 
 
EDIT! 
Your post my brain go bananas after an objective way to look at it and i think i have it now. 
THANK YOU!!
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Last edited by eaxh on 29 Sep 2022, 19:07, edited 1 time in total.
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eaxh
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Charts of today.

Unread post by eaxh »

I always go through the charts at the end of the day to see the market in with  neutral eyes.
I will start to post them . 
29.09.2022_19.34.20_REC dow.png
29.09.2022_19.36.36_REC dax.png
 
29.09.2022_19.38.53_REC GU.png
 
29.09.2022_19.41.17_REC EU.png
 
29.09.2022_19.43.37_REC UJ.png
  
 
 
 
 
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eaxh
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phase 1 trade 10

Unread post by eaxh »

Context.
its above all the emas.
HTF pullback is broken.
there is a valid setup. TTP

Slipped a bit so SL was not brought to BE. 
trade 10.png
 

A rent, already in drawdown kills my motivation. It feels that the target is not within reach so why try. ( the emotional part of me) 

Other part of me ( the logical part of me) 
The ONLY way i can have a change to hit it or get to BE is to systematic and objective take trades. 

This challenge have really made me rethink my process of validating trades. it have been WAY to weak.
I have worked hard to make the process 100% objective without being stupid.
I want to have as little discretion as possible. 

Just because the first trade in this superobjective way does not make it stupid or not effective. 


 
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eaxh
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phase 1 trade 11

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trade 11.png
 
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eaxh
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Phase 1 Trade 12

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trade 12.png
 
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eaxh
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phase 1 trade 13

Unread post by eaxh »

This going in a downwards spiral. 

The question is... 
Is it bad luck or am i a horible trader?
trade 13.png
 
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vickyp
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Re: Emma´s Challenge M5

Unread post by vickyp »

Thanks for sharing. Keep going Emma.
 
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Darren
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Re: Emma´s Challenge M5

Unread post by Darren »

You are certainly not a horrible trader, but for me I would of liked a bit more of a momentum candle before the entry just to show the bias has returned to longs, rather than just a small break.  :hug
 
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