Lionel Journal

[lion8048]

Fourth position GBP / USD
Chart M1
S1
R / R = 1: 2
Beautiful wave 3 then blue dot, tight aims box and sleepy alligator. No crossing AO but close to the zero line. I take the trade and have 1: 1 I put Breakeven. Then he changes direction and touches my stop loss.
Result = BE
DS = 1

Reflexion: I think I took the entry a little too late otherwise it would have done the 1: 2

[lion8048]

Trade 5: USD / CAD
Chart M1
S1
Risk ratio 1: 1.5
I saw a nice setup 1. There was also a serise on M5. So I took it but he touched my stop loss. Then another setup 1 that ended up losing too. So I stop because the loss for the day is 2%. Next ..
Result = -2R
DS = 0 (because I did not respect my R: R of 1: 2)

[immy]

USDCAD with that HUGE spread to Range ratio is not suitable for M1, not even m5.

For m1 a pair must have less than 2 Spread, and ADR of 100plus. RULE

or when you want to trade Post News Volatility Setup 1. Not all post news trades are taken. Because Post News Means, that News should have created in access of 50 pips spike

If you want to trade on the M1, why don't you just trade Dax or Dow

[lion8048]

USDCAD with that HUGE spread to Range ratio is not suitable for M1, not even m5.

For m1 a pair must have less than 2 Spread, and ADR of 100plus. RULE

or when you want to trade Post News Volatility Setup 1. Not all post news trades are taken. Because Post News Means, that News should have created in access of 50 pips spike

If you want to trade on the M1, why don't you just trade Dax or Dow

I have never traded dax but it must be pretty good in M1. What time frame do you advise me to use this strategy (S1 S2 Hunt) knowing that I finish the job every day around 15 hours. I do not like leaving the pc when I took a trade .. That's why I chose small time frame.

[lion8048]

Today I wanted to take EUR / JPY in M5.
I put my waiting order but it was not triggered otherwise it was a nice setup 1. The TZ1 was far for a R / R of 1: 2
I put myself DS 1

[lion8048]

Trade 7: GBP / USD
Chart M5
S1
Risk ratio 1: 1.5
Coming back from work I saw on GBP / USD this beautiful setup 1. It is well mounted and 1: 1 I put breakeven. He eventually reached my TP
Result = 1.5 R/R
DS = 1
next...

[lion8048]

Trade 8: CAD / JPY
Chart M5
S1
Risk ratio 1: 2
Result = -1 R/R
DS = 1

[immy]

Trade 8: CAD / JPY
Chart M5
S1
Risk ratio 1: 2
Result = -1 R/R
DS = 1

I appreciate that you've recorded this trade. its great. But without sufficient information I don't know how will this journal entry help you in the future. Do you think that you have learned something from this trade.? could you have improved on it? any information about how you felt about you, and the market ? why did you chose to trade this pair etc. Its ideal to put as much information as possible. Specially helpful is about how you felt, how you could have traded it better, did you make any mistake,s is there a pattern of mistakes you are seeing, from those one cna then create goals for future. We are recording trades so that we become better and better everyday.

cheers .. keep going

[lion8048]

Trade 8: CAD / JPY
Chart M5
S1
Risk ratio 1: 2
Result = -1 R/R
DS = 1

I appreciate that you've recorded this trade. its great. But without sufficient information I don't know how will this journal entry help you in the future. Do you think that you have learned something from this trade.? could you have improved on it? any information about how you felt about you, and the market ? why did you chose to trade this pair etc. Its ideal to put as much information as possible. Specially helpful is about how you felt, how you could have traded it better, did you make any mistake,s is there a pattern of mistakes you are seeing, from those one cna then create goals for future. We are recording trades so that we become better and better everyday.

cheers .. keep going

Okay I'll try to clarify a little more then. When I took this trade I felt pretty confident because all the rules of setup 1 were validated. Maybe it did not work because of the late hour .. (I would take more after 18h I think) I do not believe that the entry was poorly positioned and my stop loss.
I took this business because I saw a beautiful wave 3 followed by a 4.

[lion8048]

Trade 9 : DAX
Chart M1
S1
Risk ratio 1: 2
there was a tight box with all the lines of the aligator inside and I also saw this green candle with this long wick which made me trust and I took this setup 1
DS = 1