Tom's T20 Journal

[tombacon89]

BATCH 1 TRADE 6 - GU - H4. NFP day ruins it. I took half risk on this trade as EU also looked like it would setup and my intention was to enter both trades half risk. EU did not form properly so I did not take EU.

NEXT... my favourite word at the moment.

BATCH 1 TRADE 6 GU RENT DAILY VIEW.png

 

BATCH 1 TRADE 6 GU RENT H4.png

 
 
 
 

[tombacon89]

BATCH 1 TRADES 8 AND 9

DAILY. 

BOTH NOW AT BREAK EVEN. UK100 IS IN A GREAT POSITION FOR A LONG MOVE SO I AM GOING TO LET THIS TRADE RUN. EU I WILL TARGET THE 5R.

Really simple trading, I am NOT STRESSED. It is like... yolo... whatever... check it periodically and that's it. I would expect some pullbacks at some point, so I am already mentally prepared for the trades to at some point pause or pull back. That is ok.

Hopefully D will produce enough setups for me this year. Would be nice to have bit bigger account so I can take all the signals on daily with some split risk tactics, as they are not always often to come by so it seems a shame to filter them when they do arrive simply because my account cannot soak the trades up.

BATCH 1 TRADE 8 D UK100 entry.png

 

BATCH 1 TRADE 8 TO BREAK EVEN NOW.png

 

BATCH 1 TRADE 8 BREAK OF RANGE AND RETEST..png

 

BATCH 1 TRADE 9 D EU entry.png

 

BATCH 1 TRADE 9 D EU BREAK EVEN NOW.png

 

 
 

[tombacon89]

Some filtered trades this week, can't enter them all when they come on the same day or within a day or two... purely because my small account won't allow me to enter multiple daily trades simultaneously to avoid max risk exposure rules.

BUT ALL I WANT TO SEE FOR NOW IS THERE ARE ENOUGH SETUPS FOR ME ON DAILY AND H4 WITH 12 PAIRS.

AUS200 D FILTERED SIGNAL.png

 

GU D FILTER.png

 

US30 D FILTERED.png

 

DAX DAILY NOT A SEED SO FILTERED.png

 

DAX H4 GOOD SETUP BUT IN BED.png

 
 
 

[tombacon89]

BATCH 1 TRADE 8 - UK100 DAILY - BREAK EVEN. SL hit by 3 pips!!! it looks like it is setting up again... whether i will take it i am unsure. i'll see what the week open does and if there are any better setups about. It is showing wave 5 divergent on the gator now, and 2nd pull back in the move. 

BATCH 1 TRADE 8 BE RESULT.png

Did not feel stressed during this trade, it ran for 7 days. If I can master the art of "not trading" by trading daily as and when setups occur and simply managing them, then i will hopefully learn to be patient and not feel any urges to trade which I had on m1. I followed the entry and exit rules, that is all that i need to do.

EU TRADE 9 DAILY is still running.... rubbish price action, but, it will either work or it will not. i don't need to worry about it now.

BATCH 1 TRADE 9 STILL AT BE.png

 


 
 

[tombacon89]

BATCH 1 TRADE 10 NAS 5R.png

 A winner finally. Looking now at daily, i am filtering the h4 signal this morning on monday open. Daily is at a level now. Only 2r available on this signal to the highs. I will filter and wait for another setup. this is fine. I don't need to take them all, and if it smashes through the highs, that is also fine. I do not need to trade every single day now. i am learning less is more. 

NAS H4 FILTERED DUE TO DIALY LEVELS.png

 i see this as the daily levels. it was a good target for the previous trade but not seeing it as so good for an entry on this zone
 
 

[immy]

BATCH 1 TRADE 10 NAS 5R.png
 A winner finally. Looking now at daily, i am filtering the h4 signal this morning on monday open. Daily is at a level now. Only 2r available on this signal to the highs. I will filter and wait for another setup. this is fine. I don't need to take them all, and if it smashes through the highs, that is also fine. I do not need to trade every single day now. i am learning less is more. NAS H4 FILTERED DUE TO DIALY LEVELS.png
 i see this as the daily levels. it was a good target for the previous trade but not seeing it as so good for an entry on this zone
 
 

 

Hi Tom

Glad to see you took the same trade as well. I was on the H1, but I see these as 2DP on the H1, went to H4 to confirm signal and it was a nice setup. Easy 5R a few hours later. No work needed. 

cheers

https://www.screencast.com/t/PfWXilsqV

[tombacon89]

BATCH 1 TRADE 11 AJ BE not the best entry.png

 BATCH 1 TRADE 11 - AJ - not the best entry because arguably the pull back is equal to the impulse move. So, could have filtered based on 'impulsive pullback.' I chose to take it, the stuff left was important for me here. I placed the PO just above the levels left, so a larger entry but wanted to see that break first. The 6th candle after the entry was important to me. The highest high of the breakout was not broken.... By that point I was at break even anyway. 

I am adapting to the HTF for sure now. It has been 5/6 weeks, I have only taken 11 trades. I have not once felt stressed. If it takes me a full year to do a batch of 100, then so be it. 
 

[tombacon89]

BATCH 1 TRADE 9 - BREAK EVEN RESULT.

Not taking the most recent signal as i do not see the impulse move. So, for me it is filtered.

BATCH 1 TRADE 9 EU BE CLOSE.png

 

[tombacon89]

BATCH 1 TRADE 13 DAX BE.png

 This trade is ds0 because I manually moved the stop loss to break even before 2r. Looking at the huge reversal candle, price failed to remain higher than the box high. I moved SL just before the close of the reversal candle. Otherwise the entry was there, impulse move, pullback, retest of the level.

I saved a rent but only because of this reason... i am on small account, so the min trade size on this trade was equal to about 2.5r ish... therefore, allowing this to reverse and hit my stop loss was not going to help me. I can trade fx on small lot size and half risk if needs be. But the min lot size on indi's causes me to over risk. I can't do anything about it, either i don't trade inidis or i get a bigger account lol. is what it is.

 
 

[tombacon89]

BATCH 1 TRADE 14 NAS H4 RENT.png

The impulse move was a daily trend candle, we had a nice small pull back. It was a News day and I rented more than 1r due to slippage. It was a nice setup, the pattern was there. Next