Eszter's LOBOT trading journal

[peszt1]

1. Trade Number: 20
2. Date/Time: 13.11.
3. Symbol/TF: Dax s12
4. Signal Type / Direction : Long

5. Comments and Feelings at the Time of Taking The Trade: I was very confident taking this one, because it had broken out of the range on m5, out of boxes on m5 and m1 and nice s1 on s12.

6.Comments and Trades After Exiting the Trade: I exited 2 pips before my target, because I noticed a short pause there and didnt want to give back, so this is ds 0.

7. DS For this Trade: 0
8. DS Running Total: 14/20

[immy]

Time for a REVIEW... Well done and keep it up...

[peszt1]

Yes, it is time for a review.

Looking back at my trades and my feelings I can say that I have been trading quite haphazardly.

There are some lessons that I have learnt.

1. Wave 4 is no joke... I have to stay out of it. I lost most when I was trying to trade m1 and s12 when m5 was in w4. Crazy.
2. Levels to the left matter!!
3. In ranges some setups look so tempting, but they are very dangerous.
4. Bigger picture rules. Where am I right now if I take a look at the bigger picture?
5. FOMO is also an enemy.
6. Trade less but better quality trades.
7. It is so important to realise when not to trade and stay out.

So overall, my goal for my next batch is to have better quality trades and also not to mess up my running trades. (this means taking profits too early) 
 

[peszt1]

1. Trade Number: 1
2. Date/Time: 16.11.
3. Symbol/TF: Dax s12
4. Signal Type / Direction : Momentum box breakout/Short

5. Comments and Feelings at the Time of Taking The Trade: This move was at LO, the downmove was a bit stretched already, but it was only the 2nd pb (dark bars on AO), so I thought it would work for a fast scalp.

6.Comments and Trades After Exiting the Trade: I was correct, fast scalp was successful.

7. DS For this Trade: 1
8. DS Running Total: 1/1
 

[peszt1]

1. Trade Number: 2
2. Date/Time: 16.11.
3. Symbol/TF: Dax s12
4. Signal Type / Direction : Setup1/Short

5. Comments and Feelings at the Time of Taking The Trade: This was a setup1, I was a bit concerned about the angulation that I noticed.

6.Comments and Trades After Exiting the Trade: I was b trapped, not a good feeling. I wanted to reenter, but that trade was not triggered so I cancelled the PO a bit later.

7. DS For this Trade: 1
8. DS Running Total: 2/2
 
 

[peszt1]

1. Trade Number: 3
2. Date/Time: 18.11.
3. Symbol/TF: Dax m1
4. Signal Type / Direction : Setup1/Long

5. Comments and Feelings at the Time of Taking The Trade: This was a setup1, second pb on m5, broke the level up, maybe w4 was too short at this point?

6.Comments and Trades After Exiting the Trade: the immediate rejection candle didnt look so good after my entry to be honest.. apparently it wasnt a good trade since the peak of w3 was too close to the entry point. 

7. DS For this Trade: 0
8. DS Running Total: 2/3
 

[peszt1]

1. Trade Number: 4
2. Date/Time: 18.11.
3. Symbol/TF: Dax s12
4. Signal Type / Direction : Box breaout/Short

5. Comments and Feelings at the Time of Taking The Trade: Since the previous entry failed and price found resistance around that level, I thought when price broke out of the m1 box to the downside I could catch a move down on s12.

6.Comments and Trades After Exiting the Trade: I was wrong.. very bad looking trade now....

7. DS For this Trade: 0
8. DS Running Total: 2/4
 

[peszt1]

1. Trade Number: 5
2. Date/Time: 18.11.
3. Symbol/TF: Dax s12
4. Signal Type / Direction :Setup1/ Long

5. Comments and Feelings at the Time of Taking The Trade: After a pb on m1 to the pivot line I wanted to enter, but I waited a bit longer, so I could catch a setup1 on s12.

6.Comments and Trades After Exiting the Trade: This trade was quite good, a bit late entry, and pulled back against me as well, but then hit my target (previous high on m1) quite fast.

7. DS For this Trade: 1
8. DS Running Total: 3/5
 

[peszt1]

1. Trade Number: 6
2. Date/Time: 18.11.
3. Symbol/TF: Dax s12
4. Signal Type / Direction : Breakout candle after pivot/Long

5. Comments and Feelings at the Time of Taking The Trade: I had been waiting for w5 to start on m5 so after it broke the pivot and the peak of wave B I wanted to enter with a pb..Entry was late. Or early...I should have waited a bit more.

6.Comments and Trades After Exiting the Trade: I managed to sit through the pb (I trusted that pivot line), and then hit my target quite fast.
7. DS For this Trade: 1
8. DS Running Total: 4/6
 

[peszt1]

. Trade Number: 7
2. Date/Time: 19.11.
3. Symbol/TF: Dax s12
4. Signal Type / Direction :Extra micro pb entry / Short

5. Comments and Feelings at the Time of Taking The Trade: This was a LOBOT trade. I was angry, because I was putting in my order at the level marked with blue in the picture but my Mt4 froze for 5 sec, so I missed that move which would have been a very good trade. Anyway, I saw an upper wick on s12 so I managed to enter there but I knew it would only be a very fast scalp.

6.Comments and Trades After Exiting the Trade: I was correct, and pivots are very important.

7. DS For this Trade: 1
8. DS Running Total: 5/7