Tom's T20 Journal

[tombacon89]

Thanks immy,

I am set back up on the 1:3 bannana signal diet. 
 
Cheers

[tombacon89]

DAX LO 16 05 2022


FOCUS ON THE SETUP.

BATCH 1 TRADE 14 15 16.png

 DS 12/16

[tombacon89]

TOMS LOBOT NEOBOT MOMENTUM M1 TRADING PLAN.docx

This is how I intend to trade going forward.

I am looking forward to the next 3 weeks where I will have a lot more time to trade the open sessions ONLY.

I will still keep discord and if anyone wants to chat feel free but my focus will be on M1 at the opens and I need to focus during those sessions, I have allowed myself to become too distracted and ill-disciplined of late. SO, No H1/M5, No H1. It is just not for me to juggle timeframes and multiple markets. 

My goal is to become 'master of m1.' 

[tombacon89]

LO 23/05/2022

No Red News

Key Levels Identified for awareness.


Trade 17, Nas. Spread was too big, Went to BE quick manually because of this. The correct entry with the correct spread would have gone BE. You could say, my intended entry price. So I do not see this as a break of discipline fear BE move. Saved a rent. DS1. (need to review nas at LO because my spread kills it.)

BATCH 1 TRADE 17.png

 

Trade 18 Dax, the impulse move was not the best. But, it was a signal, it broke the lows left, and pulled back and retested. I took it. BE. DS1

BATCH 1 TRADE 18 .png

 
Trade 19 DAX I had no signals even though they were defo signal and the setup. (v14.2) I took the 2lpb cc. I was tempted to exit manually based on price action stalling on what I saw as the overnight lows. Not out of fear, out of logic. I held the trade, it eventually hit 3r. DS1 

BATCH 1 TRADE 19.png

 

POSITIVE THOUGHTS

Today I felt objective and in tune. I focused on the setup, with an awareness of levels.

I must admit, I was not distracted by htf chat. It was better..... having said that, anyone trading m1 that wishes to chat on discord in private I am happy to do that  

DS 15/19
 
 
 
 

[tombacon89]

DAX LO 24 05 2022

Only DAX in the AM now due to nas spread too high.


Red news 08:30.

BATCH 1 TRADE 20 BATCH 2 TRADES 1 AND 2.png

 Trade 20, not the most pretty, but a signal short at the open. Went to BE when price hit the lows. Just shy of the 1r BE move, but, calculated. happy with this type of trade management. Part of my rules. DS1

Forgot to label a trade on the chart. BE. News trade. very small position and went to BE quick as it was news. 

B2 Trade 1 on the chart. No signal, but I know it was a signal by looking at the setup. Emma had the signal, i did not.. possible a settings thing? so technically DS0 but not gna beat over a settings thing. I knew it was a setup. I focused on the IMPULSE MOVE. 100% all day long could have been a valid filter here. It was within the range. BE.

B2 T2 on the chart. RENT. well, it happens. DS1. 

-----------------

I am feeling my positions are too small and It's causing me to want to trade more. Especially, with now taking counter htf trades by solely looking at M1.  


----------------
POSITIVE THOUGHTS

I enjoyed the session, starting to focus on the impulse moves more, but need to find the balance of getting sucked in. 

 

[tombacon89]

LO 25 05 2022

I have started looking at trend candle entries. I want to look at the micro pull backs, and trend candles. I will not specifically be recording them as bannana trades in the journal but it is something I am looking into. 

I am going to set up 2 accounts and have 2 broker platforms up at once. I will ONLY trade dax on this now. My main account will be purely bannana on 1% risk. But i want to be a master of m1, so i will have a tiny lot account to 'play momentum' with no affect on my main account funds. 

I feel I am starting to really get in tune with things now, learning more about momentum and lack of momentum. I want to get good at reading what is occurring IN THE MOMENT.

WHY? It is my personality..... I want short sharp sessions. 20/30/40mins. In out and done. Maximising my time and purely focusing for a short time. 

That is all for now on this subject. But i feel like something is clicking inside my head now. I was thinking all this session, the setup one on a micro level, impulse moves on a micro level, tc is a breakout on a micro level, the MICROPULLBACK is a bannana on a micro level. It all made sense in my head, just need to make it work in practice now

I may be taking big leaps. but I feel the THEORY is there.....



 
 

[tombacon89]

BATCH 2 TRADE 6 AND 7.png

 

DAX TREND CANDLES 26 05 22.png

I called it a flag, but it is not a flag, it is a wedge after the open.

BANNANA DS 2/2 for the session. Will tally up properly later. busy day today now.

Trend Candle stuff as per screenshot. Noticing one thing.... useful exercise to do.....it is focusing me more on the BANNANA TREND CANDLE IMPULSE MOVE.

I am looking for 2/3 trend candles for the small bannana pullbacks. Entering on a full trend candle, means the candle is usually a lot bigger than the entry size of a bannana entry. So, trading the trend candles requires more move of the market to go in my favour to hit 3rs. Feels like asking too much of the market sometimes.. the other thing... is that, once triggered, you've ideally got one or two candles of the move before the lovely bannana setup starts to pull back. So, moving to BE on these trend candles early means lots of break even trades. 

I either, if i want to trade trend candles; take small scalps and close after one or two candles in my direction, anticipating a bannana forming; or target close key levels or swings.

Or, enter the market using the micropull back technique. by watching the m1 trend candle form, watch for the little retrace into the trend candle and then go long above the current candle... IMMY, is that correct? And, what's the best way of doing that using ATM? is it set fixed points/pips or current candle or.... what is the best method for that?

I think that is the TMBABS approach? TMBABS if you read this, let me know I am interested




 
 
 

[immy]

I replied with 3 posts, then delete them so I can say just this. 

Trade the Banana Method. End of story. Market Orders are a bane of my trading and are usually not recommended for anyone. 

Market orders encourages and increases impulsive trading. Impulsive trading being the bane of my trading and most traders. So I take actions to remedy these problems. 

My rule number one has been to NEVER do market orders. I did some TC trading last year and this year, but in the end the results all even out. I do mistakes, I take wrong trades and then the DISASTER days start to happen, the one that shared with you. Someday you'll get stuck in choppy market and destroy your account. 

So my answer is, BANANA method. 

[tombacon89]

I replied with 3 posts, then delete them so I can say just this. 

Trade the Banana Method. End of story. Market Orders are a bane of my trading and are usually not recommended for anyone. 

Market orders encourages and increases impulsive trading. Impulsive trading being the bane of my trading and most traders. So I take actions to remedy these problems. 

My rule number one has been to NEVER do market orders. I did some TC trading last year and this year, but in the end the results all even out. I do mistakes, I take wrong trades and then the DISASTER days start to happen, the one that shared with you. Someday you'll get stuck in choppy market and destroy your account. 

So my answer is, BANANA method. 

 

Thank you!!! My gut feeling was going forward this is not sustainable so This is important to hear. I appreciate it!! 

 

[immy]

I replied with 3 posts, then delete them so I can say just this. 

Trade the Banana Method. End of story. Market Orders are a bane of my trading and are usually not recommended for anyone. 

Market orders encourages and increases impulsive trading. Impulsive trading being the bane of my trading and most traders. So I take actions to remedy these problems. 

My rule number one has been to NEVER do market orders. I did some TC trading last year and this year, but in the end the results all even out. I do mistakes, I take wrong trades and then the DISASTER days start to happen, the one that shared with you. Someday you'll get stuck in choppy market and destroy your account. 

So my answer is, BANANA method. 


 

Thank you!!! My gut feeling was going forward this is not sustainable so This is important to hear. I appreciate it!! 

 

 

Listen! This is what I have found that works for me. The setup 1 worked for me, and this is another version the setup1.  I like this. its simple. NEVER easy though. #Today I'm down $2000 and it hurts. Not easy. 

cheers