Siegrid's Journal

[rcrglmd]

 Trade Number: B3-T16 (#447)

2. Date/Time: 03/11/20 at 10.50
   
3. Symbol/TF:    chfjpy/M1

4. Signal Type / Direction : S1/buy

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

H1:  H1 box breakout.  Huge candle crossing pl.

M5:  Move up on M5.

M1: Gator, pl, ao cross all correct.  Box 27.

Triggered into it and stopped out a few minutes later.

6.Comments and Trades After Exiting the Trade: 7

. DS For this Trade: DS1

8. DS Running Total:  11/16
 
 

[rcrglmd]

I’ve overtraded today, taking a total of 11 trades (two of those were that double up though). I took three trades this morning, which was great. Happy with them. If I had of stopped the day then I would have been up 3R. This afternoon/evening I took 8 trades with an overall loss of 1R. So overall, I’m still up this batch, but this evening was stressful, and I missed some really good signals, better than the ones I took.

[rcrglmd]

Trade Number: B3-T17 (#321)

2. Date/Time: 03/11/20 at 11.16 
  
3. Symbol/TF:    eurusd/M1

4. Signal Type / Direction : S1/buy

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

H1:  H1 in an uptrend.

M5:  Move up on M5.

M1: Gator, pl, ao cross all correct.  Box 80.

6.Comments and Trades After Exiting the Trade: 

7. DS For this Trade: DS1

8. DS Running Total:  12/17
 
 

[immy]

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
 


 

what happened here... 
H1 is not showing a trend... its stuck sideways... hence M5 is not clean and clear and the m1 trade held FAR FAR FAR too Long... oh well.. NEXT

But overall... I'm loving the process you're applying... maybe others can follow your method... its awesome...
 

[rcrglmd]

by immy » Tue Nov 03, 2020 8:03 pm

But overall... I'm loving the process you're applying... maybe others can follow your method... its awesome...
 

Thanks so much Immy, but it’s not my method, it’s yours!  I’m only doing what you’ve been telling us to do!

I’ve got a post from you on my wall where you say, “The highest probability trades are revealed when we do our analysis on multiple time frames”, and another where Tomi has posted in Peter’s New Journal about being disciplined and asking “Is the market moving?  Trade only when the market is moving”.  By adding the H1 breakout, that is what I’ve been trying to do, and then following everything that you’ve been saying about trading M5 pull backs on M1 using S1.

My batch 2 was awesome, but even with that great run I’m still pulling my demo account out of the deficit I managed to create by overtrading in between Batch 1 & 2 (I went a little off the tracks and just started taking signals with little discipline).  I thought yesterdays trades were going to see me in the same position, but thankfully I’ve emerged unscathed.  I’ve never been able to be consistently profitable, and always end up with my demo account down from the starting balance.  I’ll keep trying to be disciplined and get a few more batches under my belt with hopefully some consistent profit, and then maybe I’ll have the confidence to open a live account.
 
 
 

[rcrglmd]

Trade Number: B3-T18 (#059)

2. Date/Time: 03/11/20 at 04.58   

3. Symbol/TF:    usdchf/M1

4. Signal Type / Direction : S1/buy

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

H1:  DS0 for H1.  Box break on H1, but H1 gator not open.

M5:  DS1 for M5.  M5 trending up, open gator and ao surging.

M1: DS1 for M1.  Gator, pl, ao cross all correct.  Box is maybe too big compared to other recent boxes.

6.Comments and Trades After Exiting the Trade: 

Looking back over this batch, all of my reverse trend trades (reverse trend defined as a H1 reversal, e.g., into a W4 on H1) have had limited chances of success compared to trends that are in line with the H1 trend direction.

I think I will put into the next batch that I will only be trading in the direction of the H1 trend (defined as H1 price above/below the purple line in the direction of the H1 trend).  Based on that, I would not take this trade again.

7. DS For this Trade: DS0

8. DS Running Total:  13/18
 
 

[rcrglmd]

Trade Number: B3-T19 (#696)

2. Date/Time: 03/11/20 at 05.08   

3. Symbol/TF:    usdchf/M1

4. Signal Type / Direction : S1/buy

5. Comments and Feelings at the Time of Taking The Trade: As above for trade 18

6.Comments and Trades After Exiting the Trade: As above for trade 18

7. DS For this Trade: DS0

8. DS Running Total:  13/19
 
 

[rcrglmd]

Trade Number: B3-T20 (#026)

2. Date/Time: 04/11/20 at 05.08   

3. Symbol/TF:    nas100/M1

4. Signal Type / Direction : S1/buy

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

H1:  DS1 for H1.  Box break on H1.  H1 gator open up.

M5:  DS1 for M5.  M5 trending up, open gator and ao surging.

M1: DS1 for M1.  Gator, pl, ao cross all correct. 

6.Comments and Trades After Exiting the Trade: 

I think maybe this was the second valid S1 on M1, and therefore had a smaller chance of success. 

I’m thinking that if there is a large H1 candle, as there was here, even if the H1 candle isn’t more than ½ out of the H1 box (H1 candle being more than ½ out of the H1 box is an arbitrary rule I’ve created to try to ensure that there is a big surge on H1 suggesting to me that there is a lot of power behind the move), that if there is a valid S1 on M1 above the H1 box level after the formation of the H1 candle, that maybe that is the first valid S1 on M1 in the move, and the signal I should be taking.  It would have changed this trade from a -1 to a +2.

7. DS For this Trade: DS1.  Using my existing rules, this would be a DS1 for me.  But, I'm thinking based on the H1 chart pattern above that maybe this was the second S1 on M1 and therefore moving forward, it would be a DS0 for me (viz., rule not to take anything but the first valid S1 on M1).

Actually, looking at this again, now (after asking myself the questions above), based on how M5 looked at the time the first S1 on M1 was forming, I don't think the first S1 on M1 was valid.  At the time of the first M1 on S1, M5 ao wasn't surging.  This would have been enough for me not to have take the first S1.  So, all in all, I'm happy giving myself a DS1 for the S1 on M1 I took (viz., the second one).  And I don't think I would consider the first S1 on M1 to be valid.

8. DS Running Total:  14/20
 
 
 
 
 

[immy]

by immy » Tue Nov 03, 2020 8:03 pm

But overall... I'm loving the process you're applying... maybe others can follow your method... its awesome...
 

Thanks so much Immy, but it’s not my method, it’s yours!  I’m only doing what you’ve been telling us to do!
 
 


 

 Oh yes, is YOUR METHOD... That's the WHOLE IDEA...
 
 

[immy]

Trade Number: B3-T18 (#059)

2. Date/Time: 03/11/20 at 04.58   

3. Symbol/TF:    usdchf/M1

4. Signal Type / Direction : S1/buy

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

H1:  DS0 for H1.  Box break on H1, but H1 gator not open.

M5:  DS1 for M5.  M5 trending up, open gator and ao surging.

M1: DS1 for M1.  Gator, pl, ao cross all correct.  Box is maybe too big compared to other recent boxes.

6.Comments and Trades After Exiting the Trade: 

Looking back over this batch, all of my reverse trend trades (reverse trend defined as a H1 reversal, e.g., into a W4 on H1) have had limited chances of success compared to trends that are in line with the H1 trend direction.

I think I will put into the next batch that I will only be trading in the direction of the H1 trend (defined as H1 price above/below the purple line in the direction of the H1 trend).  Based on that, I would not take this trade again.

7. DS For this Trade: DS0

8. DS Running Total:  13/18
 
 

 

The Higher the Volatility of the Pair/Market the less relevance between the time frame. I don't know a proper way to explain this but I'll try. 

e.g. DAX 30. It has very DENSE h1 candles. Because its DAILY range is VERY HIGH. so if it's trending Up and there is a red candle within the move, it will surely produce some good m1 short trades. However, if you compare that to EUR/USD which has almost 3 times less daily range, it will not be true for EUR/USD. Because of the lack of Destiny (lack of pips within that H1 candle) will not produce good m1 setups. I don't know if it will make sense but I try. 

If it does make sense, it will be a good thing to know. Assuming it made a little sense, from that point of you, I can say that Trading inline with H1 trend within nothing to the left will always be good. ... 


I absolutely love watching forex h1 charts for the H1/M5 setups. I wait for the market to breakout, clear levels to the left on h1... then it pulls back 2-3 candles... this allows me to drop to m5 and I take a trade. But I don't always look for it. It happens ONLy when Dax is slow and forex is moving. So far 80% win rate... 

this USDCAD Trade was a beauty