Ganesh Trading Journal

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immy
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Re: Ganesh Trading Journal

Unread post by immy »

ganesha04 wrote: 15 Dec 2019, 20:15 STAGE 2 HERE I COME.

UPDATED TRADING PLAN ATTACHED.
Ganesh

I've read through your trading plan and its an excellent. The fact that you've updated it after your batch is awesome. well done. Success without a simple but objective trading plan like this is an illusion to me.

cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
ganesha04
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Re: Ganesh Trading Journal

Unread post by ganesha04 »

Thanks Immy; trying to follow your guidance as much as I can.
ganesha04
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Re: Ganesh Trading Journal

Unread post by ganesha04 »

First trade of new batch; adding results now too.

1. Trade Number: 1/20 Batch 2
2. Date/Time: 19/12/2019 - Morning Session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction : Short
5. Comments and Feelings at the Time of Taking The Trade: Was a bit nervous; as first hunt signal; confused with when to trigger and how to trigger ATM but learned to put BE as last bar and Pending Order on current bar; entered the trade and in seconds TP was hit and price kept on moving even more...
6.Comments and Trades After Exiting the Trade: Just wow; I understand what Immy was talking about for so long in Slack; it's so powerful and so easy to make money if you get it right and the market move.
7. DS For this Trade: 1DS
8. DS Running Total: 100% (1/20) (1DS1 & 0DS0)
9. Result: 2R
10: Badge R: 2R (Target 10)
11. Screenshot
Screen Shot 2019-12-19 at 08.41.20.png
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ganesha04
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Re: Ganesh Trading Journal

Unread post by ganesha04 »

No trades today but learned a couple of things...
1.png
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immy
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Re: Ganesh Trading Journal

Unread post by immy »

ganesha04 wrote: 19 Dec 2019, 17:32
6.Comments and Trades After Exiting the Trade: Just wow; I understand what Immy was talking about for so long in Slack; it's so powerful and so easy to make money if you get it right and the market move. [and trade only when the market is moving. because that is "getting it right".]
slight correction... conceptual
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Posts: 9654
Joined: 22 Nov 2010, 16:46
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Re: Ganesh Trading Journal

Unread post by immy »

ganesha04 wrote: 06 Jan 2020, 21:16 No trades today but learned a couple of things...

1.png
There was a strong Bullish candle "BEFORE" the seed. that was the issue. but don't let that bother you in stage 2. Simple Check the 4 rules (Hunt Entry Rules) I'm sure you've study them up right?
Seed signal cancelled if e.g. a bearish seed is followed by a candle that breaks the high of the seed and also close above the high of the seed candle. A Cherry is invalidated if it breaks the high regardless where it closes.

hope this makes sense.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
ganesha04
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Re: Ganesh Trading Journal

Unread post by ganesha04 »

Thanks makes sense; and yes certainly studying the signals; I'm literally on a Hunt every morning! :)
ganesha04
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Re: Ganesh Trading Journal

Unread post by ganesha04 »

1. Trade Number: 2/20 Batch 2
2. Date/Time: 08/01/2020 - Morning Session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Long
5. Comments and Feelings at the Time of Taking The Trade: My first trade after few weeks; so felt a bit nervous + no valid entries all weak along. Confidence perhaps a bit low, but all factors added up.
6.Comments and Trades After Exiting the Trade: in hindsight, i'm glad I entered, not for the win but to get my first trade going. I also like the structure a lot; nice 3rd wave (no divergence in the 3rd wave); price went exactly to TZ1.
7. DS For this Trade: 2DS
8. DS Running Total: 100% (2/20) (2DS1 & 0DS0)
9. Result: 2R
10: Badge R: 4R (Target 10)
11. Screenshot:
Screen Shot 2020-01-08 at 10.52.12.png
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ganesha04
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Re: Ganesh Trading Journal

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1. Trade Number: 3/20 Batch 2
2. Date/Time: 14/01/2020 - Morning Session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Short
5. Comments and Feelings at the Time of Taking The Trade: Price was moving heavy at LO and saw a beautiful break out and beautiful seed. So no hesitation took the trade.
6.Comments and Trades After Exiting the Trade: Got stopped out by 1pt! Price respected that box, but due to my wrong settings, I got stopped out; price then also created two beautiful cherries and went on for a rally... Frustrating but NEXT.
7. DS For this Trade: 3DS
8. DS Running Total: 100% (2/20) (3DS1 & 0DS0)
9. Result: -1R
10: Badge R: 3R (Target 10)
11. Screenshot:
Screen Shot 2020-01-14 at 08.11.18.png
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ganesha04
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Re: Ganesh Trading Journal

Unread post by ganesha04 »

1. Trade Number: 4/20 Batch 2
2. Date/Time: 16/01/2020 - Morning Session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Short
5. Comments and Feelings at the Time of Taking The Trade: Price was testing my patience today; going up and down and up and down; I was waiting for a break out and when I felt like I saw a "breakout" I got in on a seed.
6.Comments and Trades After Exiting the Trade: Price missed 1R which would have meant BE by 1pip; went back and stopped me out for a 1R loss; however biggest learning was that price hadn't formed a trent on the M5 yet... I perceived those spikes as a breakout and new trend forming but these were only spikes until price broke out properly from that M5 range later in the morning session (everything documented below.
7. DS For this Trade: 4DS
8. DS Running Total: 100% (4/20) (4DS1 & 0DS0)
9. Result: -1R
10: Badge R: 2R (Target 10)
11. Screenshot:
Screen Shot 2020-01-16 at 09.40.21.png
7.png
8.png
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