Chris's Journal - Step 1 (Setup 1)

[Boad]

Batch 3 - Trade 12
10/8/2017

Gold (Cherry H4)
Entry: 1633.43
Stop: 1623.88
T/P: 1652.38

Result: DS1 (-1R)

Valid Cherry on H4. Good stage 3 on H1 but not quite an S1 signal. I have to decide whether to trade the actual hunt signals, or step down and trade the pure S1s

10/12 DS1 (82%) (7R)

[immy]

an example of a typical B trap ...

they sometimes turn into 5's but with a 3 day strong wave 3 ... you'd often see either a complete reversal or a 4th wave that last 2-3 days ... i like the pattern where 3 does not extend too much and does not have too many divergences... i say these for future only. for now, you have earned yourself a nice ds1... it was a good trade for T20. Stage 1. well done

[Boad]

Thanks Immy. Still lots of learning for me to do!!

[immy]

once again... not alot of learning ... just stick to the T20 plan and the rest of the "nuances" will keep adding to your overall skill with time and experience... nobody can force feed when it comes to learning new skills... as a gamer "ahem" you know you have to put in the hrs... that's the only way forward. i know some people have done ted talks on "10k" rule is not needed etc... but hte reality is ... you can not beat that rule. one does need 5k to be good at something and 10k hrs to be REALLY good at it... and in trading you don't really need to be REALLY good but have to be good at it. and by that we don't mean, "analysing" the market... thats the important distinction.... when we say 80% is in the mind that means that most of hte work we often need is mental skills about trading. and that has simply to do with these two aspects of trading 1. discipline 2. patience ... = Consistency ... thats it...

[Boad]

Kids and I have been sick, so I am way behind on the journal. I just discovered the hard way that pepperstone only keeps online history for a short period of time. *sigh* I will leave the missing trades from this journal, although they would have finished the batch and carry on from here.

Batch 3 - Trade 13
10/8/2017

Silver (S1 on H1 - stepped down on seed)
Entry: 17.447
Stop:
T/P: 17.707

Result: DS1 (+2R)

Valid Cherry on H4. Good stage 3 on H1 but not quite an S1 signal. I have to decide whether to trade the actual hunt signals, or step down and trade the pure S1s

11/13 DS1 (82%) (9R) (Net impact of missed traded was +1R so results havent been squewed too much)

[immy]

9Rs which could be easy 18% with 2% risk per trade... and to do that within your first attempt at it, and that within 13 trades... i don't have to sell this method... to anyone... i don't need to... it speaks for itself...

[Jasmien]

Well done Chrissy, \m/

[Boad]

Batch 3 - Trade 14
10/8/2017

EURUSD(S1 on H4)
Entry: 1.19118
Stop:
T/P: 1.19849

Result: DS1 (+BE)

12/14 DS1 (86%) (9R)

[Boad]

Batch 3 - Trade 14
5/9/2017

EURUSD(S1 on H4)
Entry: 1.19118
Stop:
T/P: 1.19849

Result: DS1 (+BE)

12/14 DS1 (86%) (9R)

[Boad]

Batch 3 - Trade 15
6/9/2017

GBPUSD(Famous)
Entry: 1.30384
Stop: 1.30264
T/P: 1.30624

Result: DS1 (-1R)

13/15 DS1 (87%) (8R)