Vicky's Journals

[vickyp]

EG chart, it shows in preview but not under submit for some reason.

[Jasmien]

I can see your chart clearly, when its in Preview and you click Submit it will be there. So I understand the exercise iMi has given you.

"Here is something I'd suggest you do. Go through your trades, specially the losing ones. and find out how many times you could have actually exited well before the full -1R was hit. And still had you followed the same exit method you'd not have missed on the the winners."

Might be good for confidence as well. Since I know you missed some goodies on H4, I think you should think about doing d1 only?

See you V

[vickyp]

11/3/19

Batch 7

Trade 02

Gbp/Jpy H4 Short
Missed it out of the box, but entered after the small pull back. I am learning more on reading the candles and where they bounce of the same level and reverse.

End result was nearly +1R

R result to date for this batch: 0R

DS score for batch: 1/2

Overall total R score: (all batches) +10.5R

My Feelings and Analysis at the time of entry and afterwards - I missed it leaving the box but saw the doji, and decided to get in on the pull back. As Immy mentioned, it started to run short from the start. After my feeling was I watched it come back up for too long before exiting. I gave too much profit back to the market.

What could I have done different? Managed my SL better

What did I learn from this trade? This was my first with no TP on, so letting it run was a good experience. More management on exit when it is running needed.

[vickyp]

Might be good for confidence as well. Since I know you missed some goodies on H4, I think you should think about doing d1 only?

Thanks Jasmien. Yes at this point I am reviewing D1 each morning before heading to work.
I will look at Immy exercise. The good ones run from the start from what I see with chart review.
Vicky

[immy]

11/3/19

Batch 7

Trade 02

Gbp/Jpy H4 Short
Missed it out of the box, but entered after the small pull back. I am learning more on reading the candles and where they bounce of the same level and reverse.

End result was nearly +1R

R result to date for this batch: 0R

DS score for batch: 1/2

Overall total R score: (all batches) +10.5R

My Feelings and Analysis at the time of entry and afterwards - I missed it leaving the box but saw the doji, and decided to get in on the pull back. As Immy mentioned, it started to run short from the start. After my feeling was I watched it come back up for too long before exiting. I gave too much profit back to the market.

What could I have done different? Managed my SL better

What did I learn from this trade? This was my first with no TP on, so letting it run was a good experience. More management on exit when it is running needed.

2 questions
1. What Entry Method, Setup is this?
2. What was the reason for DS0?

thanks

pssst: you just traded the IB on D 1 didn't you?

[vickyp]

2 questions
1. What Entry Method, Setup is this?
2. What was the reason for DS0?

thanks

pssst: you just traded the IB on D 1 didn't you?

1. I know this was not S1, I saw the break short on D1, and then on H4 the waltz (or what I thorught was waltz) and I had missed the setup as it had dropped out of the box. I took this before you replied and said to stay with S1. Sorry.
2. I gave myself a no good DS score because I din't follow my rules. Was trying to follow the advanced channels.

I knew you would pick me up, but I took it so had to place it in my journal!

[immy]

2 questions
1. What Entry Method, Setup is this?
2. What was the reason for DS0?

thanks

pssst: you just traded the IB on D 1 didn't you?

1. I know this was not S1, I saw the break short on D1, and then on H4 the waltz (or what I thorught was waltz) and I had missed the setup as it had dropped out of the box. I took this before you replied and said to stay with S1. Sorry.
2. I gave myself a no good DS score because I din't follow my rules. Was trying to follow the advanced channels.

I knew you would pick me up, but I took it so had to place it in my journal!

Hi

first of all. sorry about the attachment issue. The forum is having trouble with attachments the guy is trying to sort it out.

Its an absolute must to record every trade you took. And specially when you have so massively broken your rules. So this was NOT setup 1.

Focus on setup 1, setup 1 , setup 1. the most leading books you will read, will talk about this setup one way or the other. The more I read into trading, this setup keeps coming up.
They all give it different names, but its ok. This just proves, this pattern is universal and truly a pattern that gives a trader a real edge. Yes, the Waltz can be a different way of looking at the same thing but that's a way, an option available to us. The issues on the Mind side will still remain the same. And since you have more hrs put into this concept of Setup 1, you will benefit more if you continue with the Setup 1 on h4 as you were. Teh market went through some tough time and you missed some setups. say next and carry on.

cheers

[vickyp]

The above post is to hint towards something
Its time now that you step up your game a little. ...........
Can you do that?

Hi Immy
Sorry it has taken me some time to get this exercise done.
I have gone back and reviewed my losing trades from batch 2 to batch 6. I have not included batch 1 as this was my intial learning batch.
My spread sheet is attached.
On review with moving the SL to the top or bottom of the trigger candle, over the 5 batches this would have saved me 5.45R.

The touches at the same level to the left varies and I am sure there is some link there, are you saying if the levels are hit to the left on a number of occassions to them move entry to just below or above the box level to ensure it is going to run? (rather than be in the congestion channel) or as we don't know at what point they are going to break through and take off, it is still part of the game but the moving of the SL as above helps with the overall loses?

Thanks Vicky

[vickyp]

19/3/19

Batch 7

Trade 03

Usd/Cad H4 Short
S1 took off, running to BE quickly. Before bouncing of TZ line and ending at BE for me.

End result was nearly BE

R result to date for this batch: 0R

DS score for batch: 2/3

Overall total R score: (all batches) +10.5R

My Feelings and Analysis at the time of entry and afterwards - W4 formed, I moved my SL to the top of the trigger candle. This reduced my risk from the start as the box was larger. Feelings - this one might make BE as it was pushing down.

What could I have done different? Managed my exit at TZ line better. I missed the bounce due to the time here being late at night.

What did I learn from this trade? You have to wait patiently for the right ones to come along, and manage the exit.

[vickyp]

26/3/19

Batch 7

Trade 04

Usd/Jpy H4 Short
Seed, after entry started heading down, BE quickly. Trailed box, SL to top of next box. I had the T Fractal on, but we had a power cut overnight, so I missed it exiting at the bottom of the box.

End result was 2R

R result to date for this batch: 2R

DS score for batch: 3/4

Overall total R score: (all batches) +12.5R

My Feelings and Analysis at the time of entry and afterwards - Seed looked good, gator open heading down, checking H1 pink dot. Feeling - nice to have one that worked.

What could I have done different? have @level on with T Fractal as well, it would have taken me out closer to the bottom of the move.

What did I learn from this trade? Read the candles, sometimes you get more than one chance to exit at the same level.