Siegrid's Journal

[rcrglmd]

Trade Number: B2-T19 (#106)

2. Date/Time: 29/10/20 at 14.13

3. Symbol/TF:  nzdjpy/M1

4. Signal Type / Direction : S1/sell

5. Comments and Feelings at the Time of Taking The Trade: 

H1:  Box break on H1. S1 on H1 with an open gator down. But, the entry on M1 was taken after the second H1 candle out of the H1 aims box, which was a very small candle.  In retrospect I don’t think this was a good idea.  Most of the other trades that have worked out well have been after large candle breakouts on H1.  I think maybe the small candle meant that there was significant resistance, and now I can see this on the way M1 went horizontal for a fair while before my entry.

M5:  M5 gator open down.  Ao surging down.

M1:  Technically an S1 I think.  Dot, gator, ao, pl all there.  Box 24.

My first entry was cancelled by atm (it’s so good), but I didn’t realise (I’ve done that a few times this batch, I need to keep a better eye on the orders).  By the time I realised the order had been cancelled price had moved down but I thought the set up still looked good so I placed another order to sell.  
6.Comments and Thoughts After Exiting the Trade:  Would I take this again?  No, because of the small candle after the breakout candle on H1, and also because of the extended sideways action on M1. 

7. DS For this Trade: DS1 for the S1, but I don’t think I would take this set up again.

8. DS Running Total:  17/19
 
 
 

[rcrglmd]

Trade Number: B2-T20 (#428)

2. Date/Time: 29/10/20 at 15.17

3. Symbol/TF:  usdcad/M1

4. Signal Type / Direction : S1/buy

5. Comments and Feelings at the Time of Taking The Trade: 

H1:  Break out of H1 box with a strong green candle.

M5:  On M5 lovely trend up, open gator, with mainly green candles.  Ao surging up.

M1:  Dot, gator, ao, pl all correct.  Box 85.

I felt good about taking this one.  No hesitation to enter.  To me it was a clear S1, unlike some of the others that I’ve deliberated about and felt unsure about taking today. 

I think I was overtrading again today.  After a few +2 trades in a row I tend to start placing more trades and less than optimal trades...I really need to manage this impulse.  I lose sight of the fact that I really only need an average of couple of winners a week for things to be awesome.  If I could achieve that I would be thrilled.  When I remind myself that it's about quality trades (i.e., in this case, clear S1 set ups), not the quantity of trades, it helps me to not take the less than optimal trades (or so I hope!).

6.Comments and Thoughts After Exiting the Trade:  Would I take this again?  Yes, every time. 

7. DS For this Trade: DS1

8. DS Running Total:  18/20
 
 
 

[rcrglmd]

Whew, well that's it...my second batch of S1 on M1 done! Hooray!

I can't wait to review them in more detail over the weekend
 
 
 
 

[rcrglmd]

Batch 2 Review.

I started this batch on 15/10/20 and took the 20th trade on 29/10/20, so essentially it took two weeks (10 trading days) to do the 20 trades. 

There were some nights when there just wasn’t much happening, and there were a few nights when I didn’t have the time to sit consistently and watch the screen. 

I’ve had a look back through all the trades I’ve taken this batch (Batch 2).  I think the biggest thing that has stood out to me after reviewing this batch and Batch 1 was that if I trade in the direction of the H1 trend I seem to get better results.

Like Immy said for T9,

Very good trade on the EUR/JPY ... nicely done... within Confirmed Trend ... that's how we like it...

On that chart (T9) the H1 gator was open (confirmed trend up) and there was a large green breakout candle to the upside after a period of consolidation on H1.  The entry was on M1, but it was after the big breakout candle on H1.

So, I think for Batch 3 I’m going to try to only take trades that are in the direction of the H1 trend.  Prior to starting this most recent Batch 1 & 2 I was taking way too many trades, I just kept getting stopped out and got so discouraged.  Using H1 to filter things has really helped me.  

So, I was going to limit this next batch to trades where H1 was open and there was a fresh aims box break on H1 with the price fairly well above/below the purple line on H1.  But after reviewing this batch, while there were quite a number of trades that met this criteria, there were also others that did well that were taken after a H1 breakout candle that appeared after period of consolidation on H1 with price/the aims box near the purple line on H1 or with the purple line in the aims box on H1 (I hope that makes sense...).

I’ve kind of focused on the H1 aspect as on M5 I’m just looking for a clear/smooth run up/down, and a pull back to the green line.  And on M1, I’m only looking for a clear S1, so I kind of think I know what I’m after (thanks to Immy & AIMS ) on those time frames (or at least, I hope I do!).

I think I might also try to reduce the universe of pairs I’m looking at as per Immy’s advice.  I had a look at the link Immy posted re Steve’s research on the ADR to spread ratio and I need to take a closer look.  I just have to figure out how to run the script...on my list of things to do.  And I also want to have a look at the stocks trading information Immy has posted about (very keen to look at that...I need more hours in the day!).

Okay, so I have to say this batch had the best results that I’ve ever had.  I’m thrilled! 

My discipline score this batch was the highest I've ever had 

However, I’ve been here before (well, I haven't actually, but I have had a few good trades in a row before...) and I tend to make lots of mistakes after a good run.  So, I’m really going to try hard to be disciplined and consistent with this next batch.

Bring on Batch 3!
 
 
 
 
 
 

[immy]

Trade Number: B2-T12 (#553)

2. Date/Time: 26/10/20 at 13.05

3. Symbol/TF:  eurjpy/M1

4. Signal Type / Direction : S1/sell

5. Comments and Feelings at the Time of Taking The Trade: 

H1:  Break down from H1 box.

M5:  Five red candles down on M5, with a two green candle pull back to the green line on M5.

M1:  I think this is a S1, dot, gator, pl, ao all good.  Box 34.

But...perhaps back at the start of the H1 breakout (where the yellow lines intersect) is where the better S1 on M1 is.  But I would not have taken this first S1 as price was still in the H1 box.

6.Comments and Thoughts After Exiting the Trade:  Would I take this again?  I don’t know.  

7. DS For this Trade: DS1 for the S1

8. DS Running Total:  10/12
 
 

 

The Marked trade at 12.00 is the Perfect Setup 1... M5 has a perfect pullback (hunt method) and Setup 1 on m1... and price is out of range on H1... brilliant 

[immy]

Batch 2 Review.

I started this batch on 15/10/20 and took the 20th trade on 29/10/20, so essentially it took two weeks (10 trading days) to do the 20 trades. 

There were some nights when there just wasn’t much happening, and there were a few nights when I didn’t have the time to sit consistently and watch the screen. 

I’ve had a look back through all the trades I’ve taken this batch (Batch 2).  I think the biggest thing that has stood out to me after reviewing this batch and Batch 1 was that if I trade in the direction of the H1 trend I seem to get better results.

Like Immy said for T9,

Very good trade on the EUR/JPY ... nicely done... within Confirmed Trend ... that's how we like it...

On that chart (T9) the H1 gator was open (confirmed trend up) and there was a large green breakout candle to the upside after a period of consolidation on H1.  The entry was on M1, but it was after the big breakout candle on H1.

So, I think for Batch 3 I’m going to try to only take trades that are in the direction of the H1 trend.  Prior to starting this most recent Batch 1 & 2 I was taking way too many trades, I just kept getting stopped out and got so discouraged.  Using H1 to filter things has really helped me.  

So, I was going to limit this next batch to trades where H1 was open and there was a fresh aims box break on H1 with the price fairly well above/below the purple line on H1.  But after reviewing this batch, while there were quite a number of trades that met this criteria, there were also others that did well that were taken after a H1 breakout candle that appeared after period of consolidation on H1 with price/the aims box near the purple line on H1 or with the purple line in the aims box on H1 (I hope that makes sense...).

I’ve kind of focused on the H1 aspect as on M5 I’m just looking for a clear/smooth run up/down, and a pull back to the green line.  And on M1, I’m only looking for a clear S1, so I kind of think I know what I’m after (thanks to Immy & AIMS ) on those time frames (or at least, I hope I do!).

I think I might also try to reduce the universe of pairs I’m looking at as per Immy’s advice.  I had a look at the link Immy posted re Steve’s research on the ADR to spread ratio and I need to take a closer look.  I just have to figure out how to run the script...on my list of things to do.  And I also want to have a look at the stocks trading information Immy has posted about (very keen to look at that...I need more hours in the day!).

Okay, so I have to say this batch had the best results that I’ve ever had.  I’m thrilled! 

My discipline score this batch was the highest I've ever had 

However, I’ve been here before (well, I haven't actually, but I have had a few good trades in a row before...) and I tend to make lots of mistakes after a good run.  So, I’m really going to try hard to be disciplined and consistent with this next batch.

Bring on Batch 3!
 
 
 
 
 
 

 

Congratulations on two things... firstly of course for keeping your journal successfully updated and achieving 90% DS. That is a great achievement... and secondly for 11R profits. you've done well and you deserve a reward or two. 

Moreover, I must point out that review of the batch is more important than the batch itself. People would do 5 10 20 batches and forget about reviewing the last batch. Review of the last batch is as powerful if not more as it is to keep the record of your T20 batches. 

Well done and keep going ... you're getting there ... Patience and Discipline ... is the KEY... 

[rcrglmd]

Trade Number: B3-T1 (#537)

2. Date/Time: 29/10/20 at 15.19

3. Symbol/TF:    nzdusd/M1

4. Signal Type / Direction : S1/sell

5. Comments and Feelings at the Time of Taking The Trade: 

H1:  Nice strong H1 candle out of H1 aims box.

M5:  Trend down on M5, with ao peaking down at entry on M1.

M1: Technically a S1.  Maybe I should have made sure that there was no purple line in the AIMS box.  I need to go back and check to see how often if price had come back that close to the purple line the trade fails.

6.Comments and Trades After Exiting the Trade: 

7. DS For this Trade: DS1

8. DS Running Total:  1/1

 
 
 

[rcrglmd]

Trade Number: B3-T2 (#760)

2. Date/Time: 30/10/20 at 9.03

3. Symbol/TF:    eurjpy/M1

4. Signal Type / Direction : S1/sell

5. Comments and Feelings at the Time of Taking The Trade: 

H1:  Nice strong H1 candle out of H1 aims box.

M5:  Trend down on M5, with ao peaking down at entry on M1.

M1: Dot, gator, pl, ao cross all correct.  Box 45.

6.Comments and Trades After Exiting the Trade:  Happy with this S1.

7. DS For this Trade: DS 1

8. DS Running Total:  2/2
 
 
 

[rcrglmd]

Trade Number: B3-T3 (#905)

2. Date/Time: 30/10/20 at 9.07

3. Symbol/TF:    eurnzd/M1

4. Signal Type / Direction : S1/buy

5. Comments and Feelings at the Time of Taking The Trade: 

H1:  Was a strong candle out of the H1 box, and H1 had been going sideways.  But, I don’t know, the H1 chart isn’t very clear to me.  DS0 for H1 setup.

M5:  Nice up trend on M5, with three red M5 candles coming back to the M5 green line.

M1: Dot, gator, pl, ao cross all correct.

6.Comments and Trades After Exiting the Trade:  Not happy with this S1 because of the H1 chart.  On M1 I think it looks like a good S1, but the overall picture because of H1 isn’t clear to me.  I don’t think I should have taken this trade.

7. DS For this Trade: DS 0

8. DS Running Total:  2/3
 

[rcrglmd]

Trade Number: B3-T4 (#910)

2. Date/Time: 02/11/20 at 12.27

3. Symbol/TF:    ger30/M1

4. Signal Type / Direction : S1/buy

5. Comments and Feelings at the Time of Taking The Trade: 

H1:  Strong break up out of H1 congestion.  Breakout candle went through the purple line.

M5:  Strong candles up on M5.  Pull back to the green line without crossing it.

M1: Dot, gator, pl, ao cross all correct.6.Comments and Trades After Exiting the Trade:  I was a bit concerned about this going sideways on M1 before the dot/ao cross, but it was a valid S1, so I took it.

7. DS For this Trade: DS 1

8. DS Running Total:  3/4