Banana + S1 journal // m5-m1

[Nikita]

Hello everyone. 
Since i ve decided to try Banana way of trading, i m going to write down all my trades. 
I m trading using IBKR, futures for SP500 (MES). So will be posting Tradingview screenshots.

Timeframe: m5/m1
Patterns: banana (1st and 2nd pullbacks/ after big move near gators lips) + setup 1. 
Targets: banana - 3R, setup 1 - 2R or fibo 61.8

I decided to combine it due to both approaches use impulse wave (starting point). 

Here is two trades i made today(marked with yellow circle):
1) it is unseen but during premarket was small consolidation, than it was impulse. Took 1st pullback. Rent
2) after strong bounce and consolidation price made a move up - took 2nd pullback. And rent again.
 

[Nikita]

Despite the BIG down move there were no good (or may be valid) entries for me if look for Setup 1.
In the end of trading session one Setup 2 appeared, but the whole move so stretched... Unfortunately, this s2 could become nice 1:2.
However i wasnt hesitate while filtering it. 

The thing i regret is missing banana enter in the beginning of the session, eventually was not at the screen.  


Feelings after session - sad and FOMO. So big move and didnt have even a small piece.

[Nikita]

Today again not so much to catch. (or may be it is correct to say - i didnt catch a lot).
Again, trades are marked with yellow circle.

1 banana entry - 1:2R winner. Closed it because it was a level there and market was crazy in the beginning.
2 banana entry - it was impulse move from sideways, wait for pull back. 1:1 -> SL to BE. Result BE.
3 banana reentry. This one was a hard descision but took it, cause it was only 2nd peak of price. Result: -1R.

With flag a pointed at good s2 entry, but i missed. Just didnt pay attention at AO. Eventually it d be a BE, cause 1:2 target never reached.

Would be glad to listen for you comments on these banana entries.

[Nikita]

Today market was super calm (waiting for PPI tomorrow). 
Unfortunately missed beautiful entry in the beginning of the session.

Then it was almost 2-3 hours of waiting... I begin to think that HUNT is more appropriate name for this method. 
And finally breakout. 
1 trade: -1R. 
Took a second try as FAAMG was moving up.
2 trade: 2R. (not 3 cause we were next to todays high. As it was no volume - it d be not realistic to thin that we gonna break it).

I become to get use to trade banana, to really feel it, i need to catch 1:5 or may be 1:4 move.

With "?" i marked a moment of hesitation. Green candle was too big, so i didnt dare to take 1st pullback. And 2nd pullback i missed (was not at the screen, but i dont think i would give it a try). 

[immy]

Today again not so much to catch. (or may be it is correct to say - i didnt catch a lot).
Again, trades are marked with yellow circle.

1 banana entry - 1:2R winner. Closed it because it was a level there and market was crazy in the beginning.
2 banana entry - it was impulse move from sideways, wait for pull back. 1:1 -> SL to BE. Result BE.
3 banana reentry. This one was a hard descision but took it, cause it was only 2nd peak of price. Result: -1R.

With flag a pointed at good s2 entry, but i missed. Just didnt pay attention at AO. Eventually it d be a BE, cause 1:2 target never reached.

Would be glad to listen for you comments on these banana entries.


 

sorry I don't have much time, I'm travelling... but in short, all of these trades, as per banana rules, are WRONG (for answers i recommend watching the course) 
 
 
ps: read my "death bed advice" in my signature 

[Nikita]

Today again not so much to catch. (or may be it is correct to say - i didnt catch a lot).
Again, trades are marked with yellow circle.

1 banana entry - 1:2R winner. Closed it because it was a level there and market was crazy in the beginning.
2 banana entry - it was impulse move from sideways, wait for pull back. 1:1 -> SL to BE. Result BE.
3 banana reentry. This one was a hard descision but took it, cause it was only 2nd peak of price. Result: -1R.

With flag a pointed at good s2 entry, but i missed. Just didnt pay attention at AO. Eventually it d be a BE, cause 1:2 target never reached.

Would be glad to listen for you comments on these banana entries.



 

sorry I don't have much time, I'm travelling... but in short, all of these trades, as per banana rules, are WRONG (for answers i recommend watching the course) 
 
 
ps: read my "death bed advice" in my signature 

 

Thank you for your answer. 
I d be glad, if you can give more details. 

I watched course twice and without MT4 scripts i made these conclusions:
- wait for impulse (not climatic) 
- wait for 1-3 candle pullback (new low/high important)
- try to catch the one that is close to 10 ema
- it must be a new peak/low
- look to the left (dont trade into levels).
As for inside bar - still a mystery for me. Dont understand where to look for it.

 

[immy]

Today again not so much to catch. (or may be it is correct to say - i didnt catch a lot).
Again, trades are marked with yellow circle.

1 banana entry - 1:2R winner. Closed it because it was a level there and market was crazy in the beginning.
2 banana entry - it was impulse move from sideways, wait for pull back. 1:1 -> SL to BE. Result BE.
3 banana reentry. This one was a hard descision but took it, cause it was only 2nd peak of price. Result: -1R.

With flag a pointed at good s2 entry, but i missed. Just didnt pay attention at AO. Eventually it d be a BE, cause 1:2 target never reached.

Would be glad to listen for you comments on these banana entries.





 

sorry I don't have much time, I'm travelling... but in short, all of these trades, as per banana rules, are WRONG (for answers i recommend watching the course) 
 
 
ps: read my "death bed advice" in my signature 



 

Thank you for your answer. 
I d be glad, if you can give more details. 

I watched course twice and without MT4 scripts i made these conclusions:
- wait for impulse (not climatic) 
- wait for 1-3 candle pullback (new low/high important)
- try to catch the one that is close to 10 ema
- it must be a new peak/low
- look to the left (dont trade into levels).
As for inside bar - still a mystery for me. Dont understand where to look for it.

 


 

well in that case, make investment in yourself and buy the banana indicator... if I thought that we did not need this indicator, i will create a course saying, you don't need the banana indicator, instead use empty chart.s but its does not work for me so I can't tell others that it works for me. I NEEEEEED the banan indicator on my chart, it pays for itself. 

you have a FLOW CHART to follow. The 7 rules are there, watch the course, and create your trade plan and follow the 7 rules. if you don't follow the 7 rules, you're not following the method. 

[Nikita]

Is it available for TradingView?
If no - there is no way i can buy it and use. My brokers is IBKR, there is no function to import any indicators..(

[Nikita]

TGIF.
But not for market. PPI kick down SPX on pre-market session, but during regular session it show nothing spectacular.
Pretty tight range, almost zero impulse moves.
Managed to catch setup 1. Result: 1R.
Closed it as it was fibo 61,8 + yesterday high + previous peak.
Possible could wait longer for 1,3-1,4R but decided not to play with low volume markets.
Now i can see - it was good idea.

[Nikita]

Hello everyone.
My expectations for today - dead chop. tomorrow and the day after tomorrow super market catalists are coming. 

I miss a nice S1 on MYM (dow jones). To be honest i watching nasdaq and dow all the time, but trade it not very often. And today my hesitation cost me a 1:2R nice winner.

On SPY it was quiet, then catch a setup 1, but as for DS - my exit  was zero. Price was moving soooooo slow, so when we reach a level to the left, i closed 1:1,3-1,5R. 
Price after a while reached my goal, but according to my rule - it would be a BE.