13th May 2019
Aud/Nzd D1 Waltz Sell
This one ran from the entry. I like the entry better, in earlier and a smaller seed signal.
Ended at TP 2R.
Vicky's Journals
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vickyp
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Re: Vicky's Journals
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"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Vicky's Journals
wouldn't it be nice if you talked about, how you came to take this entry, what is the setup name, where was your stop loss, had it not worked where would you have exited, (pssst: where the previous structure of journal? where is T 20? " where is DS? "vickyp wrote: 15 May 2019, 06:39 13th May 2019
Gbp/Jpy D1 Waltz Sell
This one took 5 days to play out, but patients and a good end result.
Ended at TP 2R.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Vicky's Journals
Just to be clear and so we know when we check back a few months from now. This is NOT A Waltz Trade. It was Setup 1 on H4. Albeit a good looking and irresistable Setup 1, should you be taking Setup 1 on h4 when you're trading D1 Waltz? its questionable. but hey ho. just so that we are clear about it.vickyp wrote: 08 May 2019, 02:16 7th May 2019
Aud/Usd D1 Waltz Sell
Nearly out on news, but it just hung in and ended at BE.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
21/5/19
Batch 1
Trade 08
Gbp/Usd D1 Waltz
Entered on the seed, looking at it, there were too many trend bars before the seed.
End result was -1R
R result to date for this batch: +5R
DS score for batch: 4/8
Overall total R score: (all batches) +13.5R
My Feelings and Analysis at the time of entry and afterwards - Seed produced, large trend bar before it. Room to get to BE before next level.
What could I have done different? Not taken it, due to too many trend bars and news for GBP coming. D1 can be fine on news but this time the spike up was very large taking me out.
Batch 1
Trade 08
Gbp/Usd D1 Waltz
Entered on the seed, looking at it, there were too many trend bars before the seed.
End result was -1R
R result to date for this batch: +5R
DS score for batch: 4/8
Overall total R score: (all batches) +13.5R
My Feelings and Analysis at the time of entry and afterwards - Seed produced, large trend bar before it. Room to get to BE before next level.
What could I have done different? Not taken it, due to too many trend bars and news for GBP coming. D1 can be fine on news but this time the spike up was very large taking me out.
You do not have the required permissions to view the files attached to this post.
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
23/5/19
Batch 1
Trade 09
Nzd/Cad D1 Waltz
Entered on the seed, took off to BE quickly. This should have been a 2R. My SL was above the seed candle and I manually adjusted this at time of PO, however the TP of 2R was not moved and it remained too far below. It would have made it to 2R.
End result was BE
R result to date for this batch: +5R
DS score for batch: 4/9
Overall total R score: (all batches) +13.5R
My Feelings and Analysis at the time of entry and afterwards - Was concerned that the short trend had been going awhile. Seed was a good tight one, taken. Went well from start.
What could I have done different? Double check my SL and TP points, I missed the 2R due to the TP not being adjusted and the trend finished and I rode it back up to BE. See TP point marked on chart small blue line, just missed 2R stop.
Batch 1
Trade 09
Nzd/Cad D1 Waltz
Entered on the seed, took off to BE quickly. This should have been a 2R. My SL was above the seed candle and I manually adjusted this at time of PO, however the TP of 2R was not moved and it remained too far below. It would have made it to 2R.
End result was BE
R result to date for this batch: +5R
DS score for batch: 4/9
Overall total R score: (all batches) +13.5R
My Feelings and Analysis at the time of entry and afterwards - Was concerned that the short trend had been going awhile. Seed was a good tight one, taken. Went well from start.
What could I have done different? Double check my SL and TP points, I missed the 2R due to the TP not being adjusted and the trend finished and I rode it back up to BE. See TP point marked on chart small blue line, just missed 2R stop.
You do not have the required permissions to view the files attached to this post.
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Vicky's Journals
I think the real problem is that your SL and Entry Point were not calculated accurately. otherwise it did go twice the range of the Seed.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
28/5/19
Batch 1
Trade 10
Gold D1 Waltz
Good trigger candle, then seed, PO placed. Taken out by large red candle after seed.
End result was -1R
R result to date for this batch: +4R
DS score for batch: 5/10
Overall total R score: (all batches) +12.5R
My Feelings and Analysis at the time of entry and afterwards - I was feeling confident about this one, it looked a good entry. Next ....
What could I have done different? I thought about this, and wondered if the SL could have been lower, but the candle was so large it would have still taken you out unless you were miles below the seed which is not the rules of entry.
Batch 1
Trade 10
Gold D1 Waltz
Good trigger candle, then seed, PO placed. Taken out by large red candle after seed.
End result was -1R
R result to date for this batch: +4R
DS score for batch: 5/10
Overall total R score: (all batches) +12.5R
My Feelings and Analysis at the time of entry and afterwards - I was feeling confident about this one, it looked a good entry. Next ....
What could I have done different? I thought about this, and wondered if the SL could have been lower, but the candle was so large it would have still taken you out unless you were miles below the seed which is not the rules of entry.
You do not have the required permissions to view the files attached to this post.
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
-
vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
28/5/19
Batch 1
Trade 11
Silver D1 Waltz
Good trigger candle, then seed, PO placed. Taken out by large red candle.
End result was -1R
R result to date for this batch: +3R
DS score for batch: 5/11
Overall total R score: (all batches) +11.5R
My Feelings and Analysis at the time of entry and afterwards - I saw the same pattern as gold, and thought they would copy each other. Taken out of both.
What could I have done different? I am thinking maybe it best to take only 1 of gold and silver? also looking more at Silver the seed could have been positioned better, it is not at the top near the wick but down the trigger candle a bit, would this be correct as well Immy, why it didn't work? or is it a case of Gold and Silver reacted to news and it was just the way it would pan out and going to be a rent?
Batch 1
Trade 11
Silver D1 Waltz
Good trigger candle, then seed, PO placed. Taken out by large red candle.
End result was -1R
R result to date for this batch: +3R
DS score for batch: 5/11
Overall total R score: (all batches) +11.5R
My Feelings and Analysis at the time of entry and afterwards - I saw the same pattern as gold, and thought they would copy each other. Taken out of both.
What could I have done different? I am thinking maybe it best to take only 1 of gold and silver? also looking more at Silver the seed could have been positioned better, it is not at the top near the wick but down the trigger candle a bit, would this be correct as well Immy, why it didn't work? or is it a case of Gold and Silver reacted to news and it was just the way it would pan out and going to be a rent?
You do not have the required permissions to view the files attached to this post.
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
-
vickyp
- AIMSter
- Posts: 485
- Joined: 30 Aug 2017, 14:58
- 8
Re: Vicky's Journals
29/5/19
Batch 1
Trade 12
Eur/Nzd D1 Waltz
Trigger candle, then seed, PO placed. Taken out by spike up
End result was -1R
R result to date for this batch: +2R
DS score for batch: 5/12
Overall total R score: (all batches) +10.5R
My Feelings and Analysis at the time of entry and afterwards - Was happy with seed size and entry
What could I have done different? Looking at it this should have got to BE, my SL was above the seed top, when I drop to H4 and H1 it looks like it would have got to BE. I need to get this SL and TP sorted to be more consistant.
Batch 1
Trade 12
Eur/Nzd D1 Waltz
Trigger candle, then seed, PO placed. Taken out by spike up
End result was -1R
R result to date for this batch: +2R
DS score for batch: 5/12
Overall total R score: (all batches) +10.5R
My Feelings and Analysis at the time of entry and afterwards - Was happy with seed size and entry
What could I have done different? Looking at it this should have got to BE, my SL was above the seed top, when I drop to H4 and H1 it looks like it would have got to BE. I need to get this SL and TP sorted to be more consistant.
You do not have the required permissions to view the files attached to this post.
"It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance"
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Vicky's Journals
why it didn't work?vickyp wrote: 29 May 2019, 07:23 28/5/19
Batch 1
Trade 11
Silver D1 Waltz
Good trigger candle, then seed, PO placed. Taken out by large red candle.
End result was -1R
R result to date for this batch: +3R
DS score for batch: 5/11
Overall total R score: (all batches) +11.5R
My Feelings and Analysis at the time of entry and afterwards - I saw the same pattern as gold, and thought they would copy each other. Taken out of both.
What could I have done different? I am thinking maybe it best to take only 1 of gold and silver? also looking more at Silver the seed could have been positioned better, it is not at the top near the wick but down the trigger candle a bit, would this be correct as well Immy, why it didn't work? or is it a case of Gold and Silver reacted to news and it was just the way it would pan out and going to be a rent?
This is the question most traders ask. This is the WRONG question in some respect. You gotta ask a different question. Was the signal and the setup technically correct. if the answer is YES. You are a WINNER. You got it RIGHT. this is one of the objective of applying the T20 principle. To learn the importance of this concept. We then stop asking why it did not work in hindsight. READ THIS SLOWLY: There is a Random Distribution between wins and losses for any given set of variables that define an edge. Your Edge is the Waltz Setup. It has a 33% win rate, 33% BE rate (66% wins) and 33 % losing trades per 50 or more trades. so the probability of the NEXT trade is equal. it will either be a 1R loss 2R win or BE. its a coin with 3 faces.
Why it did not work? simple, we don't know. it went down. what else? We are not prophets, we don't have magic crystal ball. WE can't see in to the future. So that is NOT what we do. WE just trade the setup.
hope it makes sense.
ps: now that I've said the above, can you tell me if your trade was within up or down trend on the D1 chart?
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!