Kyle's Journal Mk2

[immy]

Good detailed post. Like the formatting lol

17/17 is amazing really wishing you achieve 20/20

Cheers

[zlabis]

Great trading and great posts, Kyle!!! :-bd :-bd :-bd

[Kyle]

OK, London done for today, and a slow session with a few disappointments. Bonus is that the disappointments weren't in incorrect trades, but more of getting in late from work, which had me miss some opportunities.
One day that will change when I no longer have to work B-)

Anyway, I will start today with the Hunt chart

2016-05-26_LO_Hunt.png

Not a lot at all to be honest
1. Was on my way home from work. Not much of a breakout from LO, and some bearish pin bars prior would had had me second guessing the setup. I am confident i would have passed on this. Had the trade been taken, it would have been a 2R. I would have been happy not to have taken it though.
2. yes, this did break out from channel and retraced, but the four bearish candles and that second last one with significant pin on the top, would have had me happy to not take the trade. If it was taken though, it would have ended up as a BE. Then a long wait, before we had;
3. Was not happy with this seed. Not really a pullback towards the channel as yet, so did not trade it.
4. Was much more interested with the rejection and nice pin on top. Placed a PO but was cancelled.
5. Took this seed PO as well, although in hindsight, it did close on the top of its minute range. Quickly deleted after push up further.
That was end of session, and I did hold on a little longer to see what was going to happen, but the downward move was soon over.

S1/S2 Chart

2016-05-26_LO_S1.png

Got a renty day from this today, but a valid trade, so simply Next B-)
1. Nice setup, but AIMS was 31 pips. no trade
2. Gator not closed, so essentially an S2 addon from 1, but still, AIMS was too great at 32 pips. No trade
3. Nice looking, but A0 was quite old (over 24 candles ago). AIMS just on 15 pips, so it was simply A0 that filtered this one.
mm, missed No.4. Oh well
5. Was a long with gator flattening. Wrong direction still, no trade
6. I liked this one. Gator sleeping, AIMS 7.8 pips after it shortened from signal candle. A0 red and just about to go green if it broke out, so early into the wave. Placed PO and it was taken. New upper AIMS level created of just 6 pips and placed add-on PO. It was taken just and went to "disaster SL". Quite rare for it to do this as we normally close on other side of green, but it shot down within the one candle for full rentX2. No issue. trade valid, so Next.

m5 Fruit

2016-05-26_LO_Fruit.png

I have marked this one up a little bit to show the right trades. This is where I was a bit disappointed, as both trades should ahve been taken if the person was at the charts at the time. I was not for the pre-LO long fruit, but was there with the fruit short - and didn't take it.
1. Good angulation from Gator. A person taking this would have had the initial entry and three add-ons, with profits of 4.6R, 1.7R, 0.27R and 0.05R for a total of 6.62R's or 3.31% if trading o.5% risk
2. If you missed trade 1, or were prepared to go short while you had your longs in (many would take the signal), the trade would have been cancelled
3. Another good angulatiion there, and had it been taken, an initial and 3 addons would ahve been taken. Not much profit from this, but it worked out to a nice daily average still - and if the candles did drop lower, you would ahve been fully loaded and ready to exploit the method to its fullest. In the end, the close above green would have been the exit (in my view), with a total of 0.89R, 0.25R, 0.23R and -0.13R for a total of 1.24R's.

Even just 1.24R's on average will multiply an account 10X over in 12 months, so although it could have been real nice, the result was still extremely worthwhile. The session on Fruit m5 could have yielded 3.93% on 0.5% risk entries. So easy for very strong gains.

Must learn fruit better so I have more confidence in myself taking the entries correctly. So many pips being left behind without it.

On to NYO where I will watch the m5, and then m1 from NEO

[Kyle]

NEO done for today, and hindsight indicates it would have been better spent asleep. Here are the charts and comments

S1/S2 Chart

2016-05-26_NEO_S1.png

Not much at all here. The only trade (1) was filtered due to an old A0. Had a PO been placed, it would ahve been taken and taken a 12 pip rent (with 16 pip being the disaster SL) so would have almost been a full -1R rent.

Hunt Chart

2016-05-26_NEO_Hunt.png

2 rents here today, making it a very renty day overall, and has also confirmed to me that the cool calm trading was not really there as i Could feel some emotion coming on from them, rather than simply dismissing the trade like I have been comfortable to do so in the past. i think it was to do with indecision about the setups, and that they weren't absolute CDLC, so in hindsight, I feel I may have forced them a bit. Still valid trades, but not CDLC.
1. Hindsight says this, and not really recognised at the time, but the price sort of fell out of the channel, and not a nice breakout as is ideal. This trade was skipped though as I really didn't like the strong candle immediately prior. Big pin on the lower side indicating strength.
2. This one hit the channel and bounced off it strongly. I took the PO, but cancelled at the next seed.
3. This took over the prior trade. Rejection off the channel and a bit of indecision on the next bar. Placed the PO but reversed. Slipped a bit as well with the new 1700 bar having a gap. Not the best setup in hindsight, but valid to the rules as such. Still feel I may have been searching for the trade, rather than wait for it to scream at me. One of those things with working out if you are too aggressive or not.
4. After having a think about the prior trade, I decided a fall out of channel instead of a good breakout makes the potential trade a filtered one, so filtered this. Had it been taken, it would ahve been cancelled anyway.
5. Same reason to filter, and would have also been a cancelled trade if taken
6. This did break out of the channel with some momentum, so was much more interested. Retraced to the channel and rejected with a great upper pin and cherry. We did have two dark bars on the A0, but it changed after the fact with the price move back up. Took the PO, but became another rent. That put a stop to trading for the day and just observed the rest of the session. I didn't want to allow any chance for revenge trading at all.

m5 Fruit Chart

2016-05-26_NEO_Fruit.png

Honestly not sure what to make of it today, so that's why I put it up here. Maybe I'll get some comments, but if you are undure on a chart, you should not trade it anyway.
1. Irelevant in the end as it would have been cancelled.
2. Angulation from the gator, but A0 only just crossed over. If it was going to be an A0 peak and reverse there, the peak would ahve been almost non-existant.
3. Peak a bit more substantial. feel it would have been a valid trade. If taken (which it wasn't), initial entry would have been -1 pip (16 SL), and -13 pips (17 SL), so around a -0.76R (around a 0.38% rent)

In all for me, not a great day by the percentages, however DS was maintained (please say of you feel that the two Hunt trades were not valid) and should be happy with that, but in absolute reality, I feel it was not a great day. Maybe with the price action/volatility, I should not have traded. The day is just a 112 pip range, compared to the last 5 day average of 168 pips, so it was certainly lower volatility.

Hope to be back for FO tomorrow, to assess the m5 fruits prior to the LO start for S1/S2 and Hunt

[immy]

The Fruit short campaign towards teh end of the day was a really difficult one for me too. And I almost stressed out before I realised that and left the screen saying ,feck it, if it goes it goes if not it will hit my SL who gives a toss aye?? we can't do anything about the market, all we can do is make sure our entries are well times and SL is set at an appropriate spot. and then leave it to the market. thank you for a nice detailed post.

[Kyle]

LO Session done for the week, and nothing happened, with the exception of some opportunities on m5 Fruit, of which I missed two and took one. That one rented along with the two addons, but I'll describe that in due course.

First, the Hunt

2016-05-27_LO_Hunt.png

Nothing worthwhile at all.
1. inside channel - no consideration given at all
2. Normally, I'd be quite happy with this trade, but channel is quite wide. Filtered it. A PO would not have triggered on it anyway.
3. Just the same as 2. above, also with no trigger anyway
And ....... that's it. Watching paint dry.

S1/S2

2016-05-27_LO_S1.png

Just flat with no direction or interest to me. More watching the paint dry

m5 Fruit

2016-05-27_LO_Fruit.png

OK, a little bit happened here with three genuine opportunities available. I was not in for Franky Open, so missed trade 1. Should ahve got trade 2, but didn't pick up on it, and trade 3 was taken - which was a rent.
1. Might have to start calling these the Franky Fruit - they happen often from what i have seen so far. A few guys in the Skype room took it. initial entry gave 0.46R, with AIMS break and momentum addons giving -0.16, -0.15, 0.64R's for a trade total of -0.49R's
2. Should have seen this, but was away from PC. Angulation good, so I think it was good to trade. If taken, it would have yielded with initial entry plus AIMS/momentum addons 1.6, 0.26, 0.77 and 0.26 R's for a total of 2.89 R's. Nice little trade with the possibility of much more.
3. I did take this one as can be seen on the screenshot. Unfortunately for the trade, two addons were triggered as wel, but we didn't move to stage 3, so SL stayed where they were initially placed. It earned 3 -1R's for me, so a -3R trade.

Happy for any comments, but I think today was just a shit day to trade, with still only 65 pip range for the day as I write this (FO+5.5hrs).

May just watch the NEO session, or at least only trade if the volatility comes up. Holiday yesterday and weekend tomorrow. I doubt there will be much happening unfortunately.

[Tomi]

Market just relaxed for one day. It happens. I got one loss after London open. Market went flat and no trades anymore. No worries. There are plenty on fantastic days coming. Those days, we fully enjoy.

[Kyle]

Very true Tomi.
A skill I need to work on still is to recognise when not to be interested in trading, rather than trading the set hours I do. I believe in hindsight, both Thursday and Friday were days to take off with the holidays in Germany etc. Possibly event he same for Monday with a UK holiday I believe.
It's all good. I am on the right track and trading amongst some very good friends, who do not have ego towards each others accounts etc and have the genuine desire to see each others successes

[Kyle]

OK guys, May was completed and a bit of a disappointing end in some ways, but then again, my trade selection seemed really good for the month. Below is a quick summary of my trades for the month. In the end a small profit, but that was eroded by a string of rents. Those rents may or may not have been avoided if volatility was looked at a bit closer, but the trades were within the rules. Onwards to a great June now. I have very high hopes for the month B-)

2016-05-Results.png

[Kyle]

Now to the first session in May.
I arrived late from work, and there were many signals. A nicely moving market, it must be said. In the end for the session, I took a seed right at the end of the session for a nice quick 2R.

2016-06-01_LO_Hunt.png

1. Did not break out from channel as such - would have been filtered.
2. This did break out from channel, which was angled down, and it came back for a seed entry. if i was here, I would have traded it. Eventually, it would have hit 2R, but we would have also gone through signals 3 and 4.
3. If I was not in the above trade, I would have still passed on this. We did have breakout from channel, but no real retrace back towards channel.
4. This would have been valid, however, I would have been in trade 2 if I was here. If traded, it would have hit 2R.
5. Would have had some interest, but not much of a retrace, so would have passed.
6. This one did retrace and had a wonderful pin as well. I would have taken this entry, and if so, would have also hit 2R
7. I was at the charts by now, and filtered this seed as it did not really retrace to the channel. If it was traded, it would have hit 2R, but I was happy to have filtered it anyway.
8. No retracement - Filtered
9.1 Still too far from channel (rubber band effect) so filtered.
10. Just the same as 9
11. We did have a retracement this time and a nice zig-zag pattern on the retracement. Placed the PO which was slipped by 2 pips, but still nailed the 2R on this one.

S1 chart was just a mess to be honest, and not one reasonable signal was on offer.

2016-06-01_LO_S1.png

Fruit chart looked pretty good, but depended on how you went with trade management. To be brutally honest with myself, Once in stage 3, I'd have most likely held the trades until closing on other side of green, to try to maximise the profitable trade/s.

2016-06-01_LO_Fruit.png

1. Looked obvious to me. Nice angulation and good small candle in comparison as well. An initial entry would have yielded just 1:1 due to the big up move, but others may have placed stop above opposite signal candle 2 (4R). Momentum candle would have yelded a -1R (Close above green) or 1.9R if closing above Fruit candle 2. Breakout entry would have yielded -0.25R (Close above green) or 1:1 on closing above fruit 2. Second breakout (to fully loaded) would have yielded -0.5R on close above green or 0.5R close above Fruit. In the end, this trade would have given either 7.4R's if trading to opposite seed or -0.75R if closing above green line.
A massive difference with exactly the same entry's but different exit mechanism (8.15R's difference, which could have been a tad over 4% between two traders). Something to let sink in and really contemplate how you manage your trade/s
2. This trade would ahve hit SL at -0.5R's
3. This trade would still be running, so I'll come back to it when it is finished. Currently over 6.5R's