Miro's 1H Detox_ :) _Journal

[Miro]

Hi there,
My name is Miro and I am known from trading multitime-frames  :lol:lol :lol.
I am preparing myself for a 200K challange hopefully in a month time. :wd

I will write my overall rules over the weekend.
I will use my 10K live account.
Starting from 3rd October.

1. I only trade 1h banana method.
2. I monitor and trade only 6 pairs.
TBC

I will trade Nas100,US30, Dax, EU, GU,UJ,
I will risk 0.5 per trade 
once I am 3% up I will increase it to 1% pre trade.
I will use 5R target.
If price closes below or above 2R ,SL to be moved to BE 
if 3R will be moved to 1R.

I will checklist banana rules before taking a trade.
1. is there a banana signal?
2. Is there an impulse wave?
3. Is there a good pullback?
4. is the pullback impulsive?
5. is the impulse move climatic?
6. is the signal candle too big?
7. is entry near levels to the left?

_______________________________________________________________________________________________________________________________
1. Trade Number:
2. Date/Time:
3. Symbol/TF:
4. Signal Type / Direction :

5. Questions Before Trade is Taken:

a) How do I feel before setting the order?

[explain in one or two sentences how you feel - refer to your emotions) [This question is about your emotional response]

b) What is my intuition about this signal or setup? 

[e.g. What is your intuition about this trade? Do you think its a good setup? Do you think it will be a winner? How do you feel internally? Is the technical analysis correct? Is the market really in a good position to go in this direction? 

c) Is this technically The Banana Setup?

[This question is entirely focused on the technical analysis side. Is this really a perfectly good setup 1? Is M1 creating the proper setup 1 pattern? Is the M5 Chart (or the 5XHTF) creating the correct corresponding pattern? Gator is open and there is a 4-5 candle pullback? etc]

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)?
b) Have I done well and why?
c) Have done badly and Why?
d) What Could I have done differently? 

7. DS For this Trade:
8. DS Running Total:
_____________________________________________________________________________________________________________________________
 
 
 
 
 
 
 
 
 

[eaxh]

Hi!
i wish you all the best!
i am looking forward to follow you 
 

[Minsk]

Go Miro! 

[Miro]

Monday and Tuesday no trades for me despite some amazing moves on indices especially.There was a good signal on nas100 but I left work so I missed it and it moved so much next day so I decided that it is too late. EU was a potential a good trade in retrospect but after a pin bar a felt a bit confused with a price action. At the end market moved on and my morning analyse was correct and it made more that 100 pips.Anyway I am adjusting to that new way of trading on 6pairs and only 1h and I am in kind of slow motion. On low time frames I would have probably made 10 trades in those two days. My new perspective is that I need 8 -10 Rs a month.

EU morning analyse




Eu confusion at retest

 

[Miro]

T01_GU sell limit +2R win (1%)
1. Trade O1
2. 06-07-10-2022/Time:10 am
3. GU/TF:1h
4. Banana 1/ Direction :sell 
Pattern: TT_ P

I felt good and confident before taking a trade.
Price broke out from the TR, pullbacked and that gave me confidence to take a trade.
Signal bar was abit to big but the sesion ended with inverted hammer. To be hones i would have not taken that signal but once it broke the levels and then price pulled back I set and limit order.   
I was not techniclly a banana setup as the pullback was almost as tall as at trend bar. 





Somehow I got a bit anoyed that I got stopped out at 2R before NFP. then market dropped and got 5R. I moved my SL according to my plan. Once price closed near 4R i sl was moved to 2R. One thing that I would have done differently would be setting a smaller 30-40 pips sl. I had this thought but decided to placed it over the signal bar.

7. DS0 enrty DS1 Exit DS1 risk:
8. 0/1/1
 
 

[Miro]

T02_US30 Buy +0R BE (0%)
DS1enrty DS1 Exit DS1 risk:
1/2/2

I have been waiting for this kind of entry for almost 2 weeks. I am still pissed off that my Sl was trigerd at BE. Damn! I might go 3R targets insted of 5R.

[Miro]

T03_Dax30 Buy +0.1R BE (0%)
DS1enrty DS0 Exit DS1 risk:
2/2/3
Exited it on my own accord as it was 4th pullback.

[immy]

T02_US30 Buy +0R BE (0%)
DS1enrty DS1 Exit DS1 risk:
1/2/2

I have been waiting for this kind of entry for almost 2 weeks. I am still pissed off that my Sl was trigerd at BE. Damn! I might go 3R targets insted of 5R.




 

one moment please....

before you make a CHANGE ... 


Just One comment, might just be a comment, but you have decided to break the algorithm. "i will go for 3R targets.". 

that's why most traders fail. they change without knowing that what they might thing is tiny is actually substantial. 1:5 is the ANSWER.

If you don't care about turning a winning trade into a losing trade (dangerous) then go ahead and stop moving SL to BE. But that won't do you much good. Testing shows that 5R targets is the secret to profitability. 
 
Yet, on the next trade, you'd decided to exit using discretion. We must follow the EXACT same trade management technique on every trade. Having said that, you have read the market correctly and you were aware that your entry was not in the most opportune moment. You were aware that you had an entry after a tad late in to the wave. That is a good decision but don't make a habit of trying to beat the market. 

cheers 
 

[Miro]

T02_US30 Buy +0R BE (0%)
DS1enrty DS1 Exit DS1 risk:
1/2/2

I have been waiting for this kind of entry for almost 2 weeks. I am still pissed off that my Sl was trigerd at BE. Damn! I might go 3R targets insted of 5R.





 

one moment please....

before you make a CHANGE ... 


Just One comment, might just be a comment, but you have decided to break the algorithm. "i will go for 3R targets.". 

that's why most traders fail. they change without knowing that what they might thing is tiny is actually substantial. 1:5 is the ANSWER.

If you don't care about turning a winning trade into a losing trade (dangerous) then go ahead and stop moving SL to BE. But that won't do you much good. Testing shows that 5R targets is the secret to profitability. 
 
Yet, on the next trade, you'd decided to exit using discretion. We must follow the EXACT same trade management technique on every trade. Having said that, you have read the market correctly and you were aware that your entry was not in the most opportune moment. You were aware that you had an entry after a tad late in to the wave. That is a good decision but don't make a habit of trying to beat the market. 

cheers 
 

 

Yes, I agree with you best to stick to what works best. 5R it is! I need to calm down and relax and exercise patiente! Imy Your comments and suggestions are always welcomed. 
Many thanks,
Miro
 

[Miro]

T04_EU sell -1R (0.5%)
DS1enrty/ DS0 Exit/ DS1 risk
3/3/4
Banana 01 TTPP pattern. 

Progression of the trade.
Correct pattern and a retest of the previous support level. I took it wth no hesitation.


SL trigerred  -1R

I feel calm after the trade as I know I followed my trading plan. Bravo!!