Start a Trading Journal - Start Posting Your T20 Trades Here.
Tips for First Post: Start with personal introduction, share your story, your future plans.
Use Template Prodvided for Recording Trades.
immy wrote:LIke the clean template. good trade, it was a corrective 5 waves up, it seems. NEXT
Thank you for your kind words, Immy.
I like the simplicity of Fruit in general, which reflects in this (your) clean template.
Less is (hopefully one day) more.
Entry: Box breakout + N/A
Risk: 57.4 P + 78.5 P
Exit: Box trail
Result: 20.3 P - 0.8 P = 19.5 P, 0.35 R - 0.01 R = 0.34 R
DS: 0
About the campaign
Possibly, D1 was going into a Wave 5 down (even though price didn't retrace to Fibonaccis' 38.2 % retrace level, yet).
So, I tried to jump on the down move on H1, using Classic Setup (was this really a Classic Setup here?), entering the market at the brake of AIMS level.
I added on under the last Fruit signal bar, without a new Fractal (but why? Well deserved DS = 0).
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Entry: Fruit + Box breakout + Box breakout
Risk: 27.4 P + 54.7 P + 37.9 P
Exit: Box trail
Result: 65.3 P + 42.8 P - 5.8 P = 102.3 P, 2.38 R + 1.28 R - 0.15 R = 3.51 R
DS: 0
About the campaign
There was a buy Fruit candle on D1, too, with price possibly going into a Wave 5 up.
So this was a pretty nice spot to go long on H1.
Again, due to being asleep, I missed the Momentum Add-On (DS = 0).
Was waiting for creation of a lower Fractal "stepping down" and started the Box trail afterwards.
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Last edited by ElBarto on 03 Jun 2016, 14:45, edited 2 times in total.
This is a Smashing Trade/Campaign. Believe you me, nothing beats this method if you "like" it and it suits your trading style. You're gonna make a lot of gain. keep going. happy to see this picture .. .thanks
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.
Entry: Fruit + Box Add-On + Box Add-On + Box Add-On + Box Add-On
Risk: 22.5 P + 28.1 P + 39.5 P + 45.8 P + 16.1 P
Exit: Fruit
Result: 77.6 P + 71.8 P + 27.3 P + 22.4 P + 16.7 P = 215.8 P, 3.45 R + 2.56 + 0.69 R + 0.49 R + 1.04 R = 8.23 R
DS: 0
About the campaign
I was targetting a Wave 5 down here, which worked out pretty nicely.
Two mistakes were made: I should have taken the Momentum Add-On (DS = 0) and the Fruit, based on which the trades were exited, was not a valid one (only two bars built the angle, not the necessary three, DS = 0). The Box trail should have done the job.
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Last edited by ElBarto on 04 Jun 2016, 13:15, edited 1 time in total.
Entry: Fruit
Risk: 20.6 P
Exit: Initial SL
Result: -29.4 P, -1.43 R
DS: 0
About the campaign
This was the SAR trade to campaign 17/1, with the same mistake (only two bars for angle, DS = 0).
Also, the spot wasn't ideal, as the supposed Wave 5 down didn't hit its TZ 1, yet.
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Entry: Fruit + Momentum Add-On + Box Add-On + Box Add-On + Box Add-On
Risk: 43.9 P + 78.7 P + 92.3 P + 37.4 P + 41.8 P
Exit: Box trail
Result: 110.8 P + 85.8 P + 61.6 P + 51.8 P + 39.4 P = 349.4 P, 2.52 R + 1.09 R + 0.67 R + 1.39 R + 0.94 R = 6.34 R
DS: 1
About the campaign
Price on D1 was in a potential Wave 4 up at that time.
On H1 I was targetting the corresponding Wave 5 up.
There was Divergence, too, which boosted my confidence in having found the end of this wave.
Add-ons worked nicely, as did the exit. Quite satisfying campaign, I must say.
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Entry: Box breakout + Momentum Add-On
Risk: 27 P + 33.2 P
Exit: Box trail
Result: -5.8 P - 11.7 P = -17.5 P, -0.21 R -0.35 R = -0.56 R
DS: 1
About the campaign
As price on D1 was inside the Alligator, who was also going to sleep, this was not the best spot to enter the market.
On H1, I tried to get the end of what I thought was Wave 4, into a Wave 5 up.
Alligator was inside the Box and started opening to the upside.
As I consider this kind of breakout as "Stage 3", Box trail was activated immediately, which kicked me out of the market quite fast and premature.
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So this were my first 20 campaigns.
As a summary, I'm quite surprised, that even with a meager DS (11/20) and some bad entry spots, I managed to be positive in the end (132.4 P, 2.11 R).
I'll only slightly adjust my Trading Plan.
The focus for the next 20 campaigns will be set on a higher DS and better entries by observing the "whole picture" a bit more (Alligator on D1, ...).
