Jozef's Journals - Stage 3

[Jozef]

8. trade: AUD/USD - RESULT DS1
- initial SL 55
- closed BE
T20 8/7

[Jozef]

9. trade: USD-CHF - RESULT DS1
- initial SL 31
- closed BE
T20 9/8

[immy]

Looks like people from Austria and Czechistan are very disciplined traders... keep it up. i'm enjoying it

[Jozef]

10. trade: EUR/USD - RESULT DS1
- initial SL 21
- closed BE
T20 10/9
It's the time to evaluate this specific trade. I took clearly the S1 setup this morning. I created a PO with SL and TP. I didn't check it. At the moment I am checking my trade and I have found a small mistake. The TP was too far from PO. I have made the mistake in my counting. If I had done it correctly, the TP would have been hit. The moral is - count it more times to be sure that it is correct. (rofl)

!" LOOK BEFORE YOUR LEAP"

[acceleratum]

Still a good trade, dont worry if tp not hit.

[immy]

ITs a DS1 ... that's all that matters... but yes, good lesson. but does not matter. because its STage 1, T20 first batch. all we need is 18/20 DS1.

[Jozef]

11. trade: EUR/GBP - RESULT DS1
- initial SL 23
- closed Initial SL
T20 11/10

[acceleratum]

If you look at AO the 5 was already starting, ideally we take the signal at end of 4, the one before , which was filtered due to big box, this one could have been skipped since w5 was already started. Keep it in mind for your future plan update.

[immy]

This for me is NOT a setup 1. IT does get Jozef a DS1 though. Its ok from the broad rules poitn of view. If you look closely though, there was this big box the day before. It tried to break that but failed, the ncrated a second box the next day. making that a setup 2 scenario where gator was already open. The market was actually showing not much momentum. Another problem for me was that GBP news were just about to be released. all in a all not bad ...

[Jozef]

This for me is NOT a setup 1. IT does get Jozef a DS1 though. Its ok from the broad rules poitn of view. If you look closely though, there was this big box the day before. It tried to break that but failed, the ncrated a second box the next day. making that a setup 2 scenario where gator was already open. The market was actually showing not much momentum. Another problem for me was that GBP news were just about to be released. all in a all not bad ...

I agree with your respond but as a beginner, I should not look at the other TMs. Let's evaluate the trade which I took. If we looked at D and W graphs, we can clearly see a high resistance at the same level of D,W TF. The price went up to the level, after that it bounced back. The second probable reason was the fact that it was Friday afternoon and the price lost momentum. But if we stay at the position of the beginner and we stay at the H1 TM, we can use this trade as a good practice of S1. So, for that, I have created a picture of this.