Michal's Journal

[Michal]

a small changes in my trading which need to be made after weekend reading. I've started applying 20 trades principle so decided to take only fruit trade + add ons. For me it means that my first entry will be Fruit and second if possible add on. Decided not to take s1 as first entry as i was studying my past result and it's being sometimes a bit hectic and i think it should make me more calm while trading. Plus as long as i understand 20 trades princ. I have to choose one strategy. if im wrong please correct me

Today result is: +30 pips

[immy]

Well done, on deciding this, but unfortunately I have to state that yet again you changed something before it ripened. Lets hope you last the next 20 trades, how hard could it be?

Moreover, I mentioned in someone elses journal, hope you read but I don't mind repeating it here. I think I'll add this to The Fruit eBook and the 20 Trades Principle pdf as well.

We should monitor our 20 trades as below for Fruit
The following example is based on Fruit + 1 Add on (remember You MUST ALWAYS add on) Its part of the EQUATION (the fruit strategy REQUIRES you to take fruit and must add on once) Don't mess with the formula ok. Imagine you're cooking something in your Chemical Lab. The recipes you use are mathematical equations and formulae. If you take that nonsense trivial decimal the dot dot ( . ) ( . ) haha! , out of the equation, the simple little dot can unbalance the equation and as a result the "meth" (methanphetamine) that you cook won't be as refined blue crystal as Mr. White's, it may be even worst than Pinkman's recipe. So cook well use correct formula and be as perfect and meticulous and diligent as Prof. W.W.

Count Campaigns or the sum of the two trades. Because these two trades are actually 1 trade.

Campaign 1 (or you can write Trade 1)
Trade 1: Fruit Initial Entry = 50 pips
Trade 2: AIMS Add on = 45

Campaign 2. or you can write Trade 2)
Trade 1: Fruit Entry = -15

Campaign 3.
Initial Fruit Entry = -15
AIMS level Add on Entry = -20

(I use different words to give you idea. Write whatever works for you as long as you use the idea, the concept presented above)

kind regards

[Michal]

Well done, on deciding this, but unfortunately I have to state that yet again you changed something before it ripened. Lets hope you last the next 2 trades, how hard could it be?

Hmm im quite not sure if i understand it to be honest.Did you mean that i changed my way of trading again? ?
Now im feeling like i've done something wrong.As im thinking now you mean i should trade exactly as i was trading without a change right? Why i did it because in 20 trades p. it says to chosse one strategy for entries and you also mentioned to apply those principles in my trading so i was thinking im doing right.... (whew)

Regarding recording a trades this is exactly how im doing. Im getting Fruit note everything about this trade + number of add ons and i state this as trade 1. I wasnt sure if was doing ok as i saw it somwhere in forum but wasnt quite sure so Thank you for putting more light on it for me

[immy]

Just follow your current plan. Only record the 20 trades as Campaigns instead of considering them as separate trades. 20 Campaigns might have as many as from 20 >40 trades. You have not done anything wrong. You are going the right way. Mazel Tov!

[Michal]

My campaign with 20 trades completed. I've covered some info from it as i treat it more like a private. But to clarify it's not millions im trading anyway so i skipped it
I will post picture from today later on as i need to go out now. Mainly i've made nice pips in london session and lost it in ny session (less is more - 100% accurate)

Below im attaching a picture for last 20 trades.It's not perfect as i've created it myself and will get this a bit better too. Anyway result's are not shoking but i think ok. Let me know what you think
cheerS

[immy]

Hello Michal

Firstly wooohooo... You've completed the 20 Trades Principle. Amazing, now that was not hard was it?

Would you mind tell me what dates you took the trades? I don't see the date. Assuming you took all these trades today, then I'd say that the first thing to note is over trading. There is no such thing as over trading as such because as long as you get signals you should trade them but you have to follow a strict time table when it comes to m1. e.g. when markets are less volatile range bound, the edge disappears on m1, in that case all signals considered are mistakes. Nevermind, i'll wait till you tell me what dates the trades were taken.

cheers

[Michal]

I will post a picture of those trades tomorrow as im really tired today so appollogise for that.They were taken since yesterday. Every single trade I took i assumed was valid signal. It's a bit more than usual as for those records I traded : Normally i trade only Ny but on thursdays im off
Yesterday - Ny session
Today: London session and Ny session

Next record I will try to put a time there as well so will be more clear. It's just the first one so I will try to make it better

So what is the best time table for m1 Dax ? for Ny session as for now im doing 1pm -4.30 (sometimes 5 -but need to stop)

[immy]

I will post a picture of those trades tomorrow as im really tired today so appollogise for that.They were taken since yesterday. Every single trade I took i assumed was valid signal. It's a bit more than usual as for those records I traded : Normally i trade only Ny but on thursdays im off
Yesterday - Ny session
Today: London session and Ny session

Next record I will try to put a time there as well so will be more clear. It's just the first one so I will try to make it better

So what is the best time table for m1 Dax ? for Ny session as for now im doing 1pm -4.30 (sometimes 5 -but need to stop)

8.00 - 10am and 2.30 pm to 4.30 pm. 1.30 is bank open. but often 1.30pm has news so you could trade after news.

I've done 4 campaigns today how many did you do?

[Michal]

Ok So first of all I'm a bit ashamed of myself now but well there is no hidding now . Let me explain why. I started my session at 1pm uk time, within short period of time (first 2 trade) i made nice pips amount. And there should be no more to say i should have close my trading session that's it end od a session. But story goes on and Michal became 'hulk' - hulk smash, hulk destroy . So by the end of a session I smashed my all pips and even went under 0 line a bit. Obviously now it's easy to say i should have done this should have done sth different. At that moment it seemed to me im doing everything ok. Maybe there is some major problem within me as this is second day in row when i was nicely up and went nicely down..... end.

What's impressed me though it's that 2 winning trades and 8 losers (in a row) and it's only 10 pips down..... This concept of 20 trades where you have to note everything down in my personal experience and for my personality i know its one of the greates tool i have ever had.First of all i know there is no place for taking a trade which is not your setup... second of all when i have hit like today 8 lossers in a row (im the only one to blame though) when i look in to this excel sheet it's kind of calm my mind down.... As deep inside me I'm happy that i was trading my setups which is only fruits when i saw couple of nice setups 1. But i ressisted and said to myself here's job i've got to do and it's to stay disciplined. So big thank you Immy for this ebook! it's a pleasure to use it in my trading routine! ^:)^

Sorry for mistakes and i hope you all understand my english.... just wanted to share my inner thinking Have a nice weekend and I'll see you monday

[immy]

Michal, first of all, congratulations on your success of choosing and applying the 20 trades principle
This is one of the best posts i've read in this forum. You made me smile and inspired. thank you Michal. You are on the right track.