Tom's T20 Journal

[tombacon89]

GER40
10.02.22
LO

Pre Session Questions:

A)Is there any red news to be aware of? No
       
B) Have you identified and plotted the key HTF support and resistance levels? 

YES DAILY is still in it’s range. Mid range, yesterday was a large bullish trend candle. 

H1 has overnight range M5 starting to push up to it's high.

KEY Levels are set.


  TRADE / SESSION SUMMARY:

There was a valid 2 signal just before the open. It worked well. but, did not take it, not in my hours. 

Did you trade the plan?   YES 

a) Did the charts look and feel clear to you during this session? Yes 

b) Questions arising from this session? No

D) How did you physically feel? 

Good, in tune. Aware of my rules. I was looking at rule 4 at the LOBOT. Impulse pullback. I waited right until the last second to see the 3 signal form, bullish trend candle. At the last second I hit the PO for the 2. If the 3 was bearish. I was not taking it. 

I wanted to manual exit on the stall at the new high. I saw price faff and stall there. I did not let emotions control me. I controlled them. I was aware of the situation, but traded my exit plan  I was actually pre-occupied doing other stuff this morning at the laptop. Trading related. But I did not feel the need to watch the chart like a hawk. I had m5 in a bear channel after my trade, so I knew it was a waiting game. I watched the new TRs form on m1. But did not ever feel like It was a chore this morning.


 

BATCH 2 TRADE 15.png

DS1.
T15
BE

  DS Running Total: 14/15   
 

[tombacon89]

US30     NEO
10.02.22


Pre Session Questions:

A)Is there any red news to be aware of? NO
  
B) Have you identified and plotted the key HTF support and resistance levels? 

YES 

DAILY is still in it’s range. Mid range, yesterday was a large bullish trend, today so far is a very bearish candle. 

H1 had a tight range, it has just broken that in the last hour with a huge bearish candle. 

M5 is bearish, it has had pull backs. Looking climatic. Needs to pull back or range for a while then reset. 

KEY Levels are set.


TRADE / SESSION SUMMARY:  

Did you trade the plan?  No, I traded a valid setup. But, technically I did not trade my plan. My rule of ‘can’t take the second if you haven’t taken the first breakout.’ I missed the first one. It was valid. I was aware of this. I want to learn more about complex pull backs. So I took it. I knew it was against my plan, I haven’t taken a ds0 because I didn’t know what I was doing. So, for that I won’t feel guilty; could I have simply observed it and still learned exactly the same? Yeah, hence the DS0. 

I am starting to feel now that I need a small live account to stop me doing stuff like that.


 

BATCH 2 TRADE 16.png

 DS Running Total: 14/16 
 
Took a second trade. 

DS1
BE

BATCH 2 TRADE 17.png

 

Wide range. M5 swing level broke. Not S/R. But I saw this as a wide range. With momentum. Considering rule 3, but price was not too far from 10ema, pull back was small in comparison. I took the trade. 

a) Did the charts look and feel clear to you during this session? Yes 

b) Questions arising from this session? No

D) How did you physically feel? Calm. In control. Good. Losing any fomo because of demo trading. It's important to have those emotions sometimes to sharpen you up. 

DS Running Total: 15/17
 
 
 

[tombacon89]

T20 TRADE TRACKER

T20 TRADE TRACKER.xlsx

 
Hi all, not quite finished batch 2. But you should get the idea of how it works. 

You don't need to touch anything on the front page tab named 'year.' Everything generated in the batch tabs will auto populate into the front 'year' page. The year page is your summary. 

In each batch, input manually anything in a grey box. 



Monetary risk will auto generate the % risk.

Market is, whatever it is. US30, DAX, NAS etc.

Signal should be, empty 2, filled 2, 3, 4, dot, complex 1, complex 2 etc. MPB, whatever it is.

Pip risk, simple, Pip Growth. Simple, 2x pip risk for 1:2. 3x for 1:3. That generates the RR. Which generates the monetary growth or loss.

It self generates if it is a win or loss, false is BE. no way around that.

Manually enter the DS.

DS1 PROFIT OR LOSS. is worked out. DS0 PL is worked out. 

DS1 WINRATE is generated, to test the strategy. Not our interpretation of it. The ones we know are DS1, it will work out the win rate for DS1 trades only for the batch.

Each of those above factors will be totalled up at the bottom of each batch tab.



When you get to the end of your 20, the ending balance will feed into the next batch starting tab. So you can start a fresh batch with your new account balance.

Each batch tab will then feed into the home page. So the 'year' tab is your running log overview, the batch tabs are your detailed entries.

Currently I have win rate and win and break even rate. Some may not want this, but that's what it is for now. 

In the year page you will see DS count, this is how many DS1 trades from that batch. You will see DS win rate next to it. That is how many of those DS trades per batch were winners.(and break evens)

We also have DS% for the batch, and total DS over the 100 trades will calculate as data is input.

This all workouts out at the bottom to tell you over your 100 trades, how many DS1s you had and what the win rate is for those DS1s. (Different to the DS score) 

The running monetary balance is self calculated, as is the running DS1 profit loss balance; and running DS0 profit loss balance. Obviously we don't want many figures in here, but, it may be useful to know. 

It also shows calculated compounded growth from the opening account balance. From trade 1 batch 1 to current trade. 



I would play around by entering some false numbers just to see how it works, but it is quite simple. Positive balances should auto colour in green boxes, yellow for break even balances and red for negative. So, if we see a sheet of green on the front page we are doing good

If you get an error in a tab, try making the tab wider, (for those with hugeeee accounts lol.)

Save a working copy, so you can have a blank one when you get on to your second third fourth fifth T20. To start the new one, simply enter the account balance what your previous t20 finished on. It will then continue as normal. 

What I don't have yet, because I am way off that. Is year on year t20 records that feed into themselves. But for now this is ok.

ENJOY

[immy]

T20 TRADE TRACKERT20 TRADE TRACKER.xlsx
 
Hi all, not quite finished batch 2. But you should get the idea of how it works. 

You don't need to touch anything on the front page tab named 'year.' Everything generated in the batch tabs will auto populate into the front 'year' page. The year page is your summary. 

In each batch, input manually anything in a grey box. 



Monetary risk will auto generate the % risk.

Market is, whatever it is. US30, DAX, NAS etc.

Signal should be, empty 2, filled 2, 3, 4, dot, complex 1, complex 2 etc. MPB, whatever it is.

Pip risk, simple, Pip Growth. Simple, 2x pip risk for 1:2. 3x for 1:3. That generates the RR. Which generates the monetary growth or loss.

It self generates if it is a win or loss, false is BE. no way around that.

Manually enter the DS.

DS1 PROFIT OR LOSS. is worked out. DS0 PL is worked out. 

DS1 WINRATE is generated, to test the strategy. Not our interpretation of it. The ones we know are DS1, it will work out the win rate for DS1 trades only for the batch.

Each of those above factors will be totalled up at the bottom of each batch tab.



When you get to the end of your 20, the ending balance will feed into the next batch starting tab. So you can start a fresh batch with your new account balance.

Each batch tab will then feed into the home page. So the 'year' tab is your running log overview, the batch tabs are your detailed entries.

Currently I have win rate and win and break even rate. Some may not want this, but that's what it is for now. 

In the year page you will see DS count, this is how many DS1 trades from that batch. You will see DS win rate next to it. That is how many of those DS trades per batch were winners.(and break evens)

We also have DS% for the batch, and total DS over the 100 trades will calculate as data is input.

This all workouts out at the bottom to tell you over your 100 trades, how many DS1s you had and what the win rate is for those DS1s. (Different to the DS score) 

The running monetary balance is self calculated, as is the running DS1 profit loss balance; and running DS0 profit loss balance. Obviously we don't want many figures in here, but, it may be useful to know. 

It also shows calculated compounded growth from the opening account balance. From trade 1 batch 1 to current trade. 



I would play around by entering some false numbers just to see how it works, but it is quite simple. Positive balances should auto colour in green boxes, yellow for break even balances and red for negative. So, if we see a sheet of green on the front page we are doing good

If you get an error in a tab, try making the tab wider, (for those with hugeeee accounts lol.)

Save a working copy, so you can have a blank one when you get on to your second third fourth fifth T20. To start the new one, simply enter the account balance what your previous t20 finished on. It will then continue as normal. 

What I don't have yet, because I am way off that. Is year on year t20 records that feed into themselves. But for now this is ok.

ENJOY

 

HI Tom

Thank you very much for this. I am thinking of using it myself. Although I have custom database that we built years ago in access. This looks very good. 

thanks for this valuable contribution. 

cheers 
 

[tombacon89]

GER40

LO
18.02.22


Pre Session Questions:

A)Is there any red news to be aware of?


NO

B) Have you identified and plotted the key HTF support and resistance levels? YES

DAILY is still in it’s range.

H1 is wide range, sideways emas.

M5 is bearish at FO.

KEY Levels are set.





TRADE / SESSION SUMMARY:


Did you trade the plan? 

YES - I thought I did! Looks like my mindset was different to others in discord this morning.
 
a)Did the charts look and feel clear to you during this session?

The charts were messy but I identified the cycle. I waited for the ranges to form, I waited for the breaks of with an impulse move, I waited for the pull backs. I took the trades.

b)Questions arising from this session?

Trade 1 - DS1 - just did not workout.

BATCH 2 TRADE 18.png

 

Trade 2 - DS1 for me.

I was conscious of rule 3, climatic. But price was with 10ema so I did not see it as climatic.

I was prepared for rule 4, impulsive pull back, I did not see this as impulsive. I took the trade as I believed it was DS1.

Now discussing it in discord is see looking at M5, which I was more so for the impulse move. It was apparent my SUPPORT RESISTANCE LEVELS were INCORRECT. I had drawn a level based on one wick low on M5. I need to draw my S/R zones from CLOSING PRICE, including the wicks. This is what makes them ZONES.

The taller the ZONE, the less desirable it is to trade there.

What would have helped me fine tune the higher probability setup and filter this trade?

1, correct S/R plotting. (usually I am pretty good at this.)
2, reading price action. Not just seeing it, but understanding it.
3, the combination of price action on key levels.

THINK OF THE BIGGER PICTURE. 

BATCH 2 TRADE 19.png

 
D)How did you physically feel?

Tired due to a heavy week at work. I Didn’t feel the URGE to take a trade because I have not traded all week. But I traded what I saw was there.

I have been watching the mark douglas stuff on here this week, and it is helping to understand the long term probability approach. Keeping a journal, and my tracker sheet is definitely helping with that.

I have one trade left in this batch. I have hit a good DS. I am 6r up, my batch will either end up as 5R, 6r, or 8r. Whenever the next trade comes, that will be the outcome of the batch. 

DS Running Total: 17/19
 
 
 

[tombacon89]

thanks immy for this video specifically about this mornings market. I am keeping it here

[tombacon89]

US30NEO
18.02.22


Pre Session Questions:

A)Is there any red news to be aware of?
 NO
B) Have you identified and plotted the key HTF support and resistance levels? YES 

TRADE / SESSION SUMMARY: 

M5 is in range, it broke long, then ranged on M1. Price moved short, trending on M1 within the tall M5 range. But with enough room to short. 

Did you trade the plan?  

YES - the concept was there on m1. I knew I was within the tall m5 trading range. M5 had rejected at some levels left, then started momentum short. I had space to trade to the support levels of the M5 range.  

Don’t get me wrong, it was not an easy session for me, especially after immy’s video (which I am grateful for.) I really really want to wait for the best setups, with clean space to the left, trading into fresh air. But, I also am conscious that I need to take the setups also to learn and develop. I am really trying to focus on the probability, long term number of trades and not one individual trade result. 

I took the second, as I was out of the first trade. There had been a new impulse move down which was the first trade, I still had room to trade towards support. This fit my TP.  I took them. I see them as DS1 at this stage.  


a) Did the charts look and feel clear to you during this session? The vision did not come to me as easy this morning or this afternoon no. 

b) Questions arising from this session? No, but I know I need to recap on some things. I'm not going to be too hard on myself, I have not looked at the charts for over a week. Skill fade arises in ANY thing you do in life. My mental rhythm will soon be back. 

c) How did you physically feel?

I felt a little confused, out of the zone say with the overall analysis. But what I traded, I saw develop, and saw as correct. Consciously aware of the levels left.
 

BATCH 2 TRADE 20.png

  DS Running Total: 18/20 and 1/1 (second trade took me into batch 3.)   

My thought is this at the minute... I want the best setups, we all do, but I also need exposure; this will give me figures to base probability on. If I am seeing positive batches then this is going to help with my probable mindset.

I am not always taking THE BEST setups, but, what I AM doing is applying the concept and context now throughout batch 2. I can put it down to this, some of my trades are within tall trading ranges, some are into open space. I am not pulling the trigger on emotions. I feel like a lot of my emotions in batch 1 were simply, frustrations of NOT KNOWING.... I will write this down for my batch 2 analysis. But, I feel like batch 1 was more learning 'what is expected, what are the rules, what is what?' whereas the majority of batch 2 I feel I have traded with purpose. 

One thing I may look at for batch 3 is my trading times. I am seeing a lot of trades been taken from other people outside of the 8-10 LO, 14:30-16:30 NEO window. I am going to consider giving myself more freedom as such in the times I trade, as this may also fit my schedule better around work. At the end of the day my mind is thinking..... IF THE MARKET CONDITIONS ARE CORRECT FOR MY ENTRY, THEN WHY RESTRICT MYSELF FROM TRADING IT. 

Also, I have my 2 trade rule. However, I need to consider this too... as, if for the good days with lots of setups, I need to be taking those trades. If it's a setup, then why not trade it... I need to have a think about how to weave this into my trading plan with regards draw down to make it work for me.




 
 
 

[tombacon89]

Batch 3 Trade 2

It was there, I took it. It was correct. It was a break even. 

BATCH 3 TRADE 2.png

I was watching for another setup after this, it did not setup for me. So what

BATCH 3 TRADE 2 FOLLOW ON.png

 

I am done now. 

 
 
 
 

[tombacon89]

GER40

LO
21.02.22


Pre Session Questions:

A)Is there any red news to be aware of?


YES - red EUR news relating to german manufacturing. May affect dax.
US bank holiday all day

B) Have you identified and plotted the key HTF support and resistance levels? YES


KEY Levels are set on DAX and US30.




TRADE / SESSION SUMMARY:

Wanting to brush up those key level plotting skills, S/R zones. So I looked at both DAX and US30 this morning, for more practice. I quite quickly ruled out DAX relative to the levels.




Did you trade the plan? 

In Batch 3 I am simply wanting to TRADE THE SETUPS WITHOUT HESITATION, knowing the OUTCOME IS RANDOM. But over 20 trades, I should come out on top.

I am using batch 3 to be a little bit more flexible. I appreciate this is very early, but I am wanting to explore the batch probability mindset more.

I have been watching the Mark Douglas youtube videos and found them very good, and logical. I totally buy into the approach of not trading per trade. Hence me doing this t20 challenge

So, I have taken more trades than I would allow myself in batch 1 and 2 per session; and I have also taken an m5 trade. If it is a valid setup I will take it.

a)Did the charts look and feel clear to you during this session?

Yes

b)Questions arising from this session?

No

D)How did you physically feel?

A tiny bit like I was cheating my plan, otherwise I felt happy to ditch dax and focus on US30 just for today.


TRADE 3 - NEWS TRADE. Several mins after the news the move came, Double Bottom, impulse pull back, but we had a small candle off a key level 2 signal. I took it. BE. DS0 - haven’t traded around news before.

TRADE 4 - impulse move, starting to get a little climatic, but price was holding the dashed line, pull back to new found resistance off a key m5 level. BE. DS1

BATCH 3 TRADE 3 AND 4.png

 

TRADE 5 - M5 pulling back, took the m5 4 signal, nice test of resistance. DS1 2R. (m1 setup 1)

BATCH 3 TRADE 5.png

TRADE 6 - small M1 breakout and pull back, impulse move a bit weak, but it was a break of the m1 micro range. target swing low for 2r. DS1. Aware I am still in T5. 

TRADE 7 - Swing low range level broke, pullback, 1 signal short, DS1.

BATCH 3 TRADE 6 AND 7.png

 

4R day



DS Running Total: 6/7
 

[tombacon89]

GER40US30     NEO closing
21.02.22


Pre Session Questions:

A)Is there any red news to be aware of?
 
B) Have you identified and plotted the key HTF support and resistance levels? YES  KEY Levels are set on DAX and US30. Aware of M5 levels.


  TRADE / SESSION SUMMARY: 

Simply looking to trade the concept. I was not here for long this afternoon. Traded what I saw. M5 has made it’s down moves, Major lows identified, minor s/r levels identified. M1 ranges identified.  

TRADE 8 - dax. m1 breakout, target level on M5. good impulse move, 1 bar pull back. Didn’t show a signal, but I was confident it was a pull back. There was room to trade it down to the next m5 level so I did. 2r. DS0 as no signal printed.  

TRADE 9 - DAX - took the 3 signal. Aware of levels left on m5. Had new momentum. Calculated risk. Took it. -1. DS1.  

TRADE 10 - US30 - same. M1 breakout, pullback, rent DS1.  Did you trade the plan?  There was not a signal for trade 8 but my thought is this, I am applying the concept. I am taking the trades. The outcome is random. 

BE for the afternoon. 

a) Did the charts look and feel clear to you during this session? Yes 

b) Questions arising from this session? No

D) How did you physically feel?  Ok, this style feels down and dirty. But, it is for batch 3 only. I feel I need to experience this style to eliminate what style I prefer.    

My screenshot isn't working and file is too large to add from a saved image. Will try again later in the week. Not trading tomorrow due to work. 

DS Running Total: 8/10