Ioannis's journal
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ioannis's journal
In order to get the correct colours on your Entry Alert. Go to settings and change AO and Box settings to 0000.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
johndata
- AIMSter
- Posts: 128
- Joined: 28 May 2018, 17:46
- 7
Batch 1-Trade 2 EURAUD BUY 11/6/2018
All conditions were met for setup 1(to my understanding) , but ........
The same trade from my live account.
I was disciplined, so DS1
RESULT -1R
DS score for batch 1: 2/2
The same trade from my live account.
I was disciplined, so DS1
RESULT -1R
DS score for batch 1: 2/2
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-
johndata
- AIMSter
- Posts: 128
- Joined: 28 May 2018, 17:46
- 7
Batch 1-Trade 3 USDSEK BUY 20/6/2018
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-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ioannis's journal
Stick to a Time Frame... tis not price action trading... its Pattern based trading. if you take one trade on m30. you have to take another 99 to take advantage of the edge. the edge plays out in batches od t20...
It was not a setup on your chosen time frame H1... on h1 it shows a complete 1-5... that should tell you something about the setup... but anyway... you need to do T20 Stage 1 H1 Setup 1 ONLY... H1 ONLY ... and the correct Traded Management formula ONLY... anything you change, any change you bring to this formula, it won't work.
one more thing... EURO is Bigger than SEK... its better to compare the big currency with the other bigger currency EUR/USD ... Sticking ot major has its benefits... smaller currencies can create incredible spikes if something goes wrong turning accounts upside down...
It was not a setup on your chosen time frame H1... on h1 it shows a complete 1-5... that should tell you something about the setup... but anyway... you need to do T20 Stage 1 H1 Setup 1 ONLY... H1 ONLY ... and the correct Traded Management formula ONLY... anything you change, any change you bring to this formula, it won't work.
one more thing... EURO is Bigger than SEK... its better to compare the big currency with the other bigger currency EUR/USD ... Sticking ot major has its benefits... smaller currencies can create incredible spikes if something goes wrong turning accounts upside down...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
johndata
- AIMSter
- Posts: 128
- Joined: 28 May 2018, 17:46
- 7
Re: Ioannis's journal
Ok Immy, only 1 hour from now on,but my purpose is to learn the setup1, so i open a Demo to Pepperstone with spread/ADR less than 2% to more than 50 pairs, to begin recognize the pattern. I can only trade 9-10.30(about) in the morning, so i look for dots(entry alert 5.1) and then for the setup1. The previous trade was great(for my understanding) in 30min timeframe and the same setup gave huge profit the previous day(but no more take setups on 30min timeframe) . I understand i have to learn reading the ewaves. In 1 hour you said it shows a complete 1-5, but in that stage is it something i can see? Also i have read that a 5 wave can become a new 3!!! Tons of new information-it takes time!!!
I don't want to make the same mistakes.. so for setup 1 in that stage we need
a) 4 hour gator open
b) 1 hour gator close(sleeping)
c) ewave to zero
d)purple correct
d) a dot alert(as you see i have only those for setup1 in my chart)
e)small box and space for 2R
f)Have i begin to count the waves?
Thanks Immy, i "ll follow your instructions, as you are a teacher for me now
I don't want to make the same mistakes.. so for setup 1 in that stage we need
a) 4 hour gator open
b) 1 hour gator close(sleeping)
c) ewave to zero
d)purple correct
d) a dot alert(as you see i have only those for setup1 in my chart)
e)small box and space for 2R
f)Have i begin to count the waves?
Thanks Immy, i "ll follow your instructions, as you are a teacher for me now
-
johndata
- AIMSter
- Posts: 128
- Joined: 28 May 2018, 17:46
- 7
Batch 1-Trade 3 USDSEK BUY 20/6/2018(Loss)
Result -1R
DS score for batch 1: 2/3 (as it was a 30 min trade)
DS score for batch 1: 2/3 (as it was a 30 min trade)
You do not have the required permissions to view the files attached to this post.
-
johndata
- AIMSter
- Posts: 128
- Joined: 28 May 2018, 17:46
- 7
Batch 1-Trade 4 AUDJPY SELL ORDER 21/6/2018
You do not have the required permissions to view the files attached to this post.
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ioannis's journal
id you only have 2 hrs then you should trade M!5 Time frame with 2 or max 4 pairs. 50 pairs = disaster even on d1 charts... Less is more in forex...johndata wrote: 20 Jun 2018, 16:56 Ok Immy, only 1 hour from now on,but my purpose is to learn the setup1, so i open a Demo to Pepperstone with spread/ADR less than 2% to more than 50 pairs, to begin recognize the pattern. I can only trade 9-10.30(about) in the morning, so i look for dots(entry alert 5.1) and then for the setup1. The previous trade was great(for my understanding) in 30min timeframe and the same setup gave huge profit the previous day(but no more take setups on 30min timeframe) . I understand i have to learn reading the ewaves. In 1 hour you said it shows a complete 1-5, but in that stage is it something i can see? Also i have read that a 5 wave can become a new 3!!! Tons of new information-it takes time!!!
I don't want to make the same mistakes.. so for setup 1 in that stage we need
a) 4 hour gator open
b) 1 hour gator close(sleeping)
c) ewave to zero
d)purple correct
d) a dot alert(as you see i have only those for setup1 in my chart)
e)small box and space for 2R
f)Have i begin to count the waves?
Thanks Immy, i "ll follow your instructions, as you are a teacher for me now
If you give a bit of time to trading plan, as per the template provided you'd have come to this conclusion and plan of action....
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
johndata
- AIMSter
- Posts: 128
- Joined: 28 May 2018, 17:46
- 7
Batch 1-Trade 4 AUDJPY SELL 21/6/2018(Loss -1R)
DS score for batch 1: 3/4
You do not have the required permissions to view the files attached to this post.