Minsk T20 - Banana 1H

[Minsk]

Batch 3 - T6
25-4-2022
Banana 1H
EUR-USD SHORT

Questions:


5 - Is this the 1st or 2nd pullback?
1st pullback 

FOURTH PULLBACK


 

Fourth Pullback https://www.screencast.com/t/GTrHwD3ImYOQ


 

 

OK, counting always starts at the start and never starts again after the break of a level. 
DS0 for another reason than I wrote down. I will correct it. 
 

[Minsk]

Batch 3 - T7
26-4-2022
Banana 1H
GBP-USD SHORT

Questions:

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Yes,  there  is a  new higher high it then continues down. 

2 - Is there a good pullback?
Yes. This is the 1st pullback after a higher high. It creates a Seed. 

3 - Is the impulse move too climactic?
Looks like a good pullback of 3 small candles.

4 - Is the pullback impulsive?
No, this looks like a good pullback.

5 - Is this the 1st or 2nd pullback?
1st pullback 

6 - Is there an S/R zone near entry level?
There is a level 19 candles away. I'd say good enough.

7 - What is the market phase on the current and higher time frame?
Current: down.  
HTF: 4H down.

Target = 3R. 

I put a limit sell in, as price was already lower than the Seed. That got hit. Moved SL to BE when price closed below 1R.
Moved TP to 5R when I read in discord that a seed always has a target of 5R.   Never mess with a trade!!!
Closed trade manually at about 5R. 

DS0 because of messing with TP moving it from 3R to 5R.

DS0
total DS: 4/7 = 0.57
 

[Minsk]

Batch 3 - T8
26-4-2022
Banana 1H
EUR-AUD SHORT

Questions:

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Yes,  there  is a  new lower low it then goes up again, resuming upward trend. 

2 - Is there a good pullback?
Yes. This is the 1st pullback after a lower low. It creates 2 Seeds. I put a pending order on the 1st seed.

3 - Is the impulse move too climactic?
Looks like a good impulse.

4 - Is the pullback impulsive?
No, this looks like a good pullback.

5 - Is this the 1st or 2nd pullback?
1st pullback 

6 - Is there an S/R zone near entry level?
There is a level 11 candles away. Blue big arrow. One can argue about that. In hindsight I give myself a DS0 for this, as the standard I count is 20 bars away. That level is the level it bounces of and goes in Trading Range.

7 - What is the market phase on the current and higher time frame?
Current: up.  
HTF: 4H up.

Target = 3R. 

I put a pending order in that got hit. Moved SL to BE when price closed above 1R.
SL at BE got hit.

DS0 because of not keeping level to the left at at least 20 bars.

DS0
total DS: 4/8 = 0.5
 

[immy]

Batch 3 - T8
26-4-2022
Banana 1H
EUR-AUD SHORT

Questions:

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Yes,  there  is a  new lower low it then goes up again, resuming upward trend. 

2 - Is there a good pullback?
Yes. This is the 1st pullback after a lower low. It creates 2 Seeds. I put a pending order on the 1st seed.

3 - Is the impulse move too climactic?
Looks like a good impulse.

4 - Is the pullback impulsive?
No, this looks like a good pullback.

5 - Is this the 1st or 2nd pullback?
1st pullback 

6 - Is there an S/R zone near entry level?
There is a level 11 candles away. Blue big arrow. One can argue about that. In hindsight I give myself a DS0 for this, as the standard I count is 20 bars away. That level is the level it bounces of and goes in Trading Range.

7 - What is the market phase on the current and higher time frame?
Current: up.  
HTF: 4H up.

Target = 3R. 

I put a pending order in that got hit. Moved SL to BE when price closed above 1R.
SL at BE got hit.

DS0 because of not keeping level to the left at at least 20 bars.

DS0
total DS: 3/8 = 0.375


 

EUR/AUD? Why?????
You are new to forex, don't trade crosses. Stick to the MAJOR

EU GU UJ Do these for 3 months. Please Don't change trading plan every 2nd day. 

[Minsk]

Batch 3 - T8
26-4-2022
Banana 1H
EUR-AUD SHORT

Questions:

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Yes,  there  is a  new lower low it then goes up again, resuming upward trend. 

2 - Is there a good pullback?
Yes. This is the 1st pullback after a lower low. It creates 2 Seeds. I put a pending order on the 1st seed.

3 - Is the impulse move too climactic?
Looks like a good impulse.

4 - Is the pullback impulsive?
No, this looks like a good pullback.

5 - Is this the 1st or 2nd pullback?
1st pullback 

6 - Is there an S/R zone near entry level?
There is a level 11 candles away. Blue big arrow. One can argue about that. In hindsight I give myself a DS0 for this, as the standard I count is 20 bars away. That level is the level it bounces of and goes in Trading Range.

7 - What is the market phase on the current and higher time frame?
Current: up.  
HTF: 4H up.

Target = 3R. 

I put a pending order in that got hit. Moved SL to BE when price closed above 1R.
SL at BE got hit.

DS0 because of not keeping level to the left at at least 20 bars.

DS0
total DS: 3/8 = 0.375



 

EUR/AUD? Why?????
You are new to forex, don't trade crosses. Stick to the MAJOR

EU GU UJ Do these for 3 months. Please Don't change trading plan every 2nd day. 

 

Back to the 3 majors it is.
the honest answer to the why is impatience. I need to learn to be patient. 

 

[immy]

Look! when they move, they all move together. So even if you watch 3 they will still move. 

[immy]

Batch 3 - T6
25-4-2022
Banana 1H
EUR-USD SHORT

Questions:

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Yes,  there  is a  breakout from a small trading range within  an ongoing downtrend. 

2 - Is there a good pullback?
Yes. This is the 1st pullback after breaking the trading range. Compared to the impulse candle, the pullback candles are smaller, it creates Banana #2. 

3 - Is the impulse move too climactic?
In hindsight, this might have been too climactic.

4 - Is the pullback impulsive?
No, this looks like a good pullback.

5 - Is this the 1st or 2nd pullback?
1st pullback 

6 - Is there an S/R zone near entry level?
It just broke the Trading Range downwards, there is nothing  to the left now within 20 candles. 

7 - What is the market phase on the current and higher time frame?
Current: down.  
HTF: 4H down.

Target = 3R. 

I put a limit sell in, as price was already lower than #2 Banana. That got hit. Then SL got hit.
The only thing that is arguable is if the impulse was too climactic. I suppose this time that was the case, and the trade failed.

I'll give it a DS0 for it being too climactic. No, it's DS0 for it being the 4th pullback!!!

DS0
total DS: 3/6 = 0.5
 

 

I have a big correction and a big apology to make to you. 

I was WRONG when I said it was a 4th pullback. Sorry for creating this confusion. I look at it again, the fact is that it may be 4th pullback within a larger trend but what you saw and analysed was correct. 

You saw the Impulse Move, and you saw the first pullback. There was a  2 legged pullback with a bear confirmation candle. 

I stand corrected. So it is a DS1 and it is a WELL DONE to you. 
 

[Minsk]

Batch 3 - T6
25-4-2022
Banana 1H
EUR-USD SHORT

Questions:

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Yes,  there  is a  breakout from a small trading range within  an ongoing downtrend. 

2 - Is there a good pullback?
Yes. This is the 1st pullback after breaking the trading range. Compared to the impulse candle, the pullback candles are smaller, it creates Banana #2. 

3 - Is the impulse move too climactic?
In hindsight, this might have been too climactic.

4 - Is the pullback impulsive?
No, this looks like a good pullback.

5 - Is this the 1st or 2nd pullback?
1st pullback 

6 - Is there an S/R zone near entry level?
It just broke the Trading Range downwards, there is nothing  to the left now within 20 candles. 

7 - What is the market phase on the current and higher time frame?
Current: down.  
HTF: 4H down.

Target = 3R. 

I put a limit sell in, as price was already lower than #2 Banana. That got hit. Then SL got hit.
The only thing that is arguable is if the impulse was too climactic. I suppose this time that was the case, and the trade failed.

I'll give it a DS0 for it being too climactic. No, it's DS0 for it being the 4th pullback!!!

DS0
total DS: 3/6 = 0.5
 


 

I have a big correction and a big apology to make to you. 

I was WRONG when I said it was a 4th pullback. Sorry for creating this confusion. I look at it again, the fact is that it may be 4th pullback within a larger trend but what you saw and analysed was correct. 

You saw the Impulse Move, and you saw the first pullback. There was a  2 legged pullback with a bear confirmation candle. 

I stand corrected. So it is a DS1 and it is a WELL DONE to you. 
 

 

No need for apologies. but thank you, I'm glad I sometimes do get it right, that means I learn. Although I was not sure enough to say I thought I was right, so still work in progress. I'll give it a DS1 again.

[Minsk]

Trend - adding screenshot from discord
Break-Retest  -  adding screenshot from discord

 
 

[Minsk]

Batch 3 - T8
13-5-2022
Banana 1H
EUR-USD SHORT

Questions:

The 7 questions answered:
1 - Is there a breakout with a higher high or lower low?
Yes,  there  is a  new lower low after breaking the trading range. 

2 - Is there a good pullback?
Yes. This is the 1st pullback after a lower low. 4 candles, substantially smaller than the impulse down. Less than 50% pullback.

3 - Is the impulse move too climactic?
Looks like a good impulse. Trend candles breaking the trading range.

4 - Is the pullback impulsive?
No, this looks like a good pullback.

5 - Is this the 1st or 2nd pullback?
1st pullback 

6 - Is there an S/R zone near entry level?
Nothing within 20 bars.

7 - What is the market phase on the current and higher time frame?
Current: down  
HTF: down.

Target = 3R. 

SL got hit in the first couple of minutes the market opened on sunday night asian session. Must have been due to spread because price was not at SL. This is 2nd time this has happened. I entered around noon on friday. Should I even trade on friday? You never know how fast price moves in desired direction. For now, I will just record these cases.

DS0 because of by accident trading on wrong timeframe by accident. Had been looking at crypto's and use 4H there usually. 

DS0
total DS: 4/9 = 0.44