Brett's Journal - SETUP 1 - 1HR

[immy]

well played mate... simple does it ...

[swerver]

Thanks Immy, if you would like me to add more detail let me know.
This T20 is purely for setup and to make sure I am not missing anything
I added an S0 and that wasn't my plan however if I take a trade that is not S1, I will explain why I took it if the probability is in my favour
I adjusted my pic on Trade 2 - wrong chart went up, it was UJ
Public holiday tomorrow, see if I can finish the week off with 10 completed trades.

[swerver]

T6
Dubious trade on my part.
Didn't pay a lot of attention to the 1HR, and pull back not finished for upwards move.
Trend has and was down, should have been looking for a sell
Setup 1 on the 15 and looked a break out on the 1HR (just a reaction?)
M pattern top (possible) but don't really take too much notice at bottom of a fall.
15 minute AO crossed, looked a nice entry
-1R
-2%ROI

[swerver]

T7
1HR W4 complete
FIB Retracement from last high, looking at 618 and 768 exits for a Friday scalp.
1HR 3 blue dots, enter off the 15 after 3rd dot broke BOX
AO 1HR closing in on zero
AO on 15 crossing, with gator open
Purple right side of both TF'a

Auto closed at 618 for 1.5R
3% ROI

[swerver]

First trade back from holiday last week (1 only)
Trade 8 - GBPJPY - Love the dragon, this pair needs breathing room, entry on same TF

1HR TF identify and PO
S1 dot came up on the 1HR inline with AO cross
A few more bars and AO went into the red and W4 confirmed

*noting
I actually didn't pick this as a PO on first break
As the deeper candle retraced back into the box I entered a new PO on the 3 candle after breaking (I liked the setup but didn't chase the market)
Intertwining Gator with Purple just above box

1.5R at 113 FIB - GBP pairs looked about to reverse, hindsight shows the market swiftly moved up 200 pips! - good exit.
3% ROI

[swerver]

Trade 9 - EJ

S2 on 15 min
S1 on 5 min and PO taken (sorry no pic, but can see the 15 min PO in the box on this TF)
S1 on 1HR

AO not crossed on 1HR, crossed on W4 signal on 15 (famous)? IDK not doing famous S1 for me
Long trade and long wait, although more S2 and S1 dots showing we are trending in the right direction
Gator intertwined, purple right side of entry.
SL is under the daily low

RR 2-1
ROI 4%

[swerver]

Trade 10 - EU - 1HR

Another long haul trade that signaled in London and completed in the US session, same as EJ today

S1 dot on 15 min and AO crossed and come back with W4 signal
set PO on 5 minute ( keeping SL from 15 and 1HR and current daily bottom)
**Maybe I will grow into using a tighter stop, feels safer right now but happy to get a PO in lower TF. - Should I change SL to the lower TF as well?

W4 defined on 15
Gator was still sloping down on 15 after S2 dot waiting for intertwining on 15 and setup on 5

RR 2-1
ROI 4%

[swerver]

Trade 11 - AJ

Taken on 1HR - S1 (had another photo, copied over it)

S1 dot on 1HR
AO and W4 signal (W4 signal up and down)
Gator intertwined (not sleeping) purple right side so Bias was up.

RR - BE
ROI 0%

Looking back was a little too messy and ranging, would not take this again regardless of outcome.

[swerver]

Trade 12 - GU - London open S1

All shades of wrong for S1 setup, closing at BE after review
While looks to be a continuation, coming on 3 waves of Divergence of AO

Blue dot on 1HR and and 15 minute TF past the buy setup
I should have taken at the 15 TF on the proper signal

1HR gator not sleeping
15 minute TZ1 and 2 already past price. (not working towards TZ1)

I am feeling lucky to get out at BE and mark that off as stupid. too late to the party on the 15 TF.

Question - If you took to the blue dot S1 earlier on the 15, would this be an addon or a half-off scenario?

[swerver]

Thanks for the feedback Sam, fully agree, is there a limit you would say for AIMS breaks before you would start taking profit or stop thinking of addons?
I generally see it in price action or look to the higher TF for room, I think the next 1HR candle was a telling story and possible top for today