Ganesh Trading Journal

[ganesha04]

1. Trade Number: 19/20 Batch 5
2. Date/Time: 21/04/2020 - Morning Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Long S1
5. The situation on M5: Potential New Impulse Wave
6. Comments and Feelings at the Time of Taking The Trade: Observing charts since FO; saw M5 breakout followed by S1 on M1.
7. Comments and Trades After Exiting the Trade: Trade was a nice 1R but I broke two rules. 1. LO & 2. Large box
8. DS For this Trade: 1DS
9. DS Running Total: 84% (16/19)
10. Result: 1R
11: Badge R: 8.7R (Target 10)
12. Psychological Return: +11
13. Market Sentiment: Moving
13. Screenshot:

[ganesha04]

1. Trade Number: 20/20 Batch 5
2. Date/Time: 21/04/2020 - Afternoon Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Cherry Long 3rd into 5th & Dax Attempt S1 Long.
5. The situation on M5: Potential new impulse wave
6. Comments and Feelings at the Time of Taking The Trade: Opened my chart getting ready for NYO, saw M5 impulsive bars. Price pulled back with Hunt Cherry Pattern. Then a beautiful S1 setup around NYO, took 0.5R loss
7. Comments and Trades After Exiting the Trade: Close to 2R; went price slightly bounced back after push; I got out. At the S1 NYO open 0.5Rent
8. DS For this Trade: 1DS
9. DS Running Total: 86% (17/20)
10. Result: 1.1R (1.7R & -0.6R)
11: Badge R: 9.8R (Target 10)
12. Psychological Return: +12
13. Market Sentiment: Moving
13. Screenshot:

[ganesha04]

Reflection on Badge 5:
My goal was to work on my TM and find a TM I can stick to: Tick. I have got a strong TM in place.

Key Learnings:
1. Stick to Dax M1; I ventured into currencies, 6 screens etc. All very exciting but I want to make money and not get a thrill out of trading 10000 pairs...
2. It's all about the M5 and split-screen; in fact, M1 isn't that important, M1 is just there to pick an entry according to my rules. M5 is the one to watch and to follow; M5 is momentum, M5 is seeing once price breaks out of a range; M5 is telling me whether we are entering a new impulse wave... It's all about M5.
3. The only factor which is going to break or make me in this game is my energy capacity; my ability to emotionally deal with the ups and downs; my ability to keep my mental health strong and avoid burnouts frequently. I still have a long way to go and learn in this area.
4. Rest: I am going to introduce a mandatory 4 day break after every badge; rest is the best time for your body to take a break and give you the answers and tips. Not taking rest, is like going to the gym to bench press every day, i.e. pointless. You have to break our muscles and then give it nutrition and rest to grow stronger. Same applies to trading.

Goal:
1. Work out a strong mental strategy plan to keep my energy levels strong.
2. Don't get distracted, stick to my plan and not my impulses and to get ready for the big game.

[ganesha04]

1. Trade Number: 1/20 Batch 6
2. Date/Time: 27/04/2020 - Morning Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Seed Long
5. Setup Type: A
6. The situation on M5: Potential New impulsve wave into 5th; tight range
7. Comments and Feelings at the Time of Taking The Trade: Saw price jumping out of tight M5 range. First seed appeared, rent; price pulled back, second seed and I had the guts to get back in.
8. Comments and Trades After Exiting the Trade: Emotional strength to get into the second seed! Well done
9. DS For this Trade: 1DS
10. DS Running Total: 100% (1/20)
11. Result: 1R (-1R & 2R)
12: Badge R: 1 (Target 10)
13. Screenshot:

[ganesha04]

1. Trade Number: 2/20 Batch 6
2. Date/Time: 27/04/2020 - Afternoon Session
3. Symbol/TF: DAX
4. Signal Type / Direction: S1 Short
5. Setup Type: B
6. The situation on M5: Potential new Impulsve wave to the downside; first pullback after breakdown.
7. Comments and Feelings at the Time of Taking The Trade: Price break down against the trend on M5; according to my rules only entry I can have is PC S1.
8. Comments and Trades After Exiting the Trade: Took the trade and got BE.
9. DS For this Trade: 1DS
10. DS Running Total: 100% (2/20)
11. Result: 0R
12: Badge R: 1 (Target 10)
13. Screenshot:

[immy]

Reflection on Badge 5:
My goal was to work on my TM and find a TM I can stick to: Tick. I have got a strong TM in place.

Key Learnings:
1. Stick to Dax M1; I ventured into currencies, 6 screens etc. All very exciting but I want to make money and not get a thrill out of trading 10000 pairs...
2. It's all about the M5 and split-screen; in fact, M1 isn't that important, M1 is just there to pick an entry according to my rules. M5 is the one to watch and to follow; M5 is momentum, M5 is seeing once price breaks out of a range; M5 is telling me whether we are entering a new impulse wave... It's all about M5.
3. The only factor which is going to break or make me in this game is my energy capacity; my ability to emotionally deal with the ups and downs; my ability to keep my mental health strong and avoid burnouts frequently. I still have a long way to go and learn in this area.
4. Rest: I am going to introduce a mandatory 4 day break after every badge; rest is the best time for your body to take a break and give you the answers and tips. Not taking rest, is like going to the gym to bench press every day, i.e. pointless. You have to break our muscles and then give it nutrition and rest to grow stronger. Same applies to trading.

Goal:
1. Work out a strong mental strategy plan to keep my energy levels strong.
2. Don't get distracted, stick to my plan and not my impulses and to get ready for the big game.

Totally agree to everything you said...
That is why I don't trade Fridays... I trade 4 -3 ... life is beautiful that way...
Find your groove and keep playing the rhythm... don't stop ... keep dancing ...

I suggest Counting R profits from now... you should now focus if you are MAKING profit or not... DS1 is Still main priority but we also keep track of R profits...

[ganesha04]

Thanks Immy, already starting to record profits; next step for me is to make some serious money.

1. Trade Number: 3/20 Batch 6
2. Date/Time: 28/04/2020 - Morning Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Long Cherry
5. Setup Type: A
6. The situation on M5: Potential new beginning of Impulse wave.
7. Comments and Feelings at the Time of Taking The Trade: Saw kind of of a PC pattern forming on the first pause; first cherry didn't trigger, 2nd cherry was a beauty...
8. Comments and Trades After Exiting the Trade: Just another trade, but good to book in 2R
9. DS For this Trade: 1DS
10. DS Running Total: 100% (3/20)
11. Result: 2R
12: Badge R: 3 (Target 10)
13. Screenshot:

[ganesha04]

1. Trade Number: 4/20 Batch 6
2. Date/Time: 28/04/2020 - Morning Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Long S1
5. Setup Type: A
6. The situation on M5: In hindsight kind of a 1-2 into 3
7. Comments and Feelings at the Time of Taking The Trade: S1 formed beautifully and all criteria met. Took first entry, stopped out according to my rules; took the 2nd entry, stopped out according to my rules and that was it for me
8. Comments and Trades After Exiting the Trade: Price jumped and went on a crazy ride but hey nothing I could do here; I played everything correct and I am proud of myself for not having any guilt about missing out. It's just another trade...
9. DS For this Trade: 1DS
10. DS Running Total: 100% (4/20)
11. Result: -0.8R
12: Badge R: 2.2 (Target 10)
13. Screenshot:

[ganesha04]

1. Trade Number: 5/20 Batch 6
2. Date/Time: 28/04/2020 - Afternoon Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Short S1
5. Setup Type: b
6. The situation on M5: Potentially beginning of new Impulse wave down; breaking the upward trend to the downside...
7. Comments and Feelings at the Time of Taking The Trade: After a strong bullish move throughout the day, we had price dropping at NYO with price having a 2nd pull to the green line. According to my rules, if it's 2nd pull, it's a B trade (smaller probability) and I have to wait for the C to take the entry which I did.
8. Comments and Trades After Exiting the Trade: Price went down for a nice 1R.
9. DS For this Trade: 1DS
10. DS Running Total: 100% (5/20)
11. Result: 1R
12: Badge R: 3.2 (Target 10)
13. Screenshot:

[ganesha04]

1. Trade Number: 6/20 Batch 6
2. Date/Time: 28/04/2020 - Afternoon Session
3. Symbol/TF: DAX
4. Signal Type / Direction: Short Cherry
5. Setup Type: A (?????)
6. The situation on M5: Still at the beginning of a new potential downward impulse wave...
7. Comments and Feelings at the Time of Taking The Trade: Price broke a M5 range and stormed out, then did the typical pause; nice PC came and I was in...
8. Comments and Trades After Exiting the Trade: Price stormed down for a 2R; beautiful trade...
9. DS For this Trade: 1DS
10. DS Running Total: 100% (6/20)
11. Result: 2R
12: Badge R: 4.2 (Target 10)
13. Screenshot: