Trade: B3-T3
Date: 12/13/2018
Pair / TF: EURUSD M1
Signal Type: S1 LONG
Thoughts and Feelings: Typical Setup 1 trade - robust Wave 3 and a shallow Wave 4. I forgot to set the ATM so the entry includes the spread plus +1 pip above the box level. As a result, the trade got triggered before the price was able to breach the box level. It reversed before reaching it.
DS0
Total DS: 2/3 (66%)
R:R – 1:2 with BE at 1R
Trade Outcome: SL -1R
R result to date for this batch: -1R
Overall R result: +7R
Joel's Journal
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raklian
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- Posts: 106
- Joined: 09 Aug 2018, 02:50
- 7
Re: Joel's Journal
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Last edited by raklian on 14 Dec 2018, 03:31, edited 1 time in total.
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raklian
- Free Member
- Posts: 106
- Joined: 09 Aug 2018, 02:50
- 7
Re: Joel's Journal
Trade: B3-T4
Date: 12/13/2018
Pair / TF: DOW M1
Signal Type: S1 SHORT
Thoughts and Feelings: I should have not taken this trade. I pulled the trigger too late, entering after the entry level had already been breached. Also, the index started acting "spikey" - that big engulfing candle - right before the signal. That should have been a red flag that things weren't going to be smooth anymore.
DS0
Total DS: 2/4 (50%)
R:R – 1:2 with BE at 1R
Trade Outcome: SL -1R
R result to date for this batch: -1R
Overall R result: +6R
Date: 12/13/2018
Pair / TF: DOW M1
Signal Type: S1 SHORT
Thoughts and Feelings: I should have not taken this trade. I pulled the trigger too late, entering after the entry level had already been breached. Also, the index started acting "spikey" - that big engulfing candle - right before the signal. That should have been a red flag that things weren't going to be smooth anymore.
DS0
Total DS: 2/4 (50%)
R:R – 1:2 with BE at 1R
Trade Outcome: SL -1R
R result to date for this batch: -1R
Overall R result: +6R
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raklian
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- Posts: 106
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Re: Joel's Journal
Trade: B3-T5
Date: 12/14/2018
Pair / TF: USDJPY M1
Signal Type: S1 SHORT
Thoughts and Feelings: A good Setup 1. This is the first trade that I have BE with this system. It was so close to triggering the TP, by a mere pips. I guess sometimes the market doesn't want to go straight at the TZ1.
DS1
Total DS: 3/5 (60%)
R:R – 1:2 with BE at 1R
Trade Outcome: BE 0R
R result to date for this batch: -1R
Overall R result: +6R
Date: 12/14/2018
Pair / TF: USDJPY M1
Signal Type: S1 SHORT
Thoughts and Feelings: A good Setup 1. This is the first trade that I have BE with this system. It was so close to triggering the TP, by a mere pips. I guess sometimes the market doesn't want to go straight at the TZ1.
DS1
Total DS: 3/5 (60%)
R:R – 1:2 with BE at 1R
Trade Outcome: BE 0R
R result to date for this batch: -1R
Overall R result: +6R
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raklian
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Re: Joel's Journal
Trade: B3-T6
Date: 12/14/2018
Pair / TF: GBPUSD M1
Signal Type: S2 LONG
Thoughts and Feelings: A Setup 2 trade. Like the UJ M1 trade earlier, this also BE. It too missed the TP by a mere 1 pip although it did reversed exactly at the TZ1. Maybe I should only look for trades in which the TZ1 is far enough away to allow for 1:2 RR.
DS1
Total DS: 4/6 (66.7%)
R:R – 1:2 with BE at 1R
Trade Outcome: BE 0R
R result to date for this batch: -1R
Overall R result: +6R
Date: 12/14/2018
Pair / TF: GBPUSD M1
Signal Type: S2 LONG
Thoughts and Feelings: A Setup 2 trade. Like the UJ M1 trade earlier, this also BE. It too missed the TP by a mere 1 pip although it did reversed exactly at the TZ1. Maybe I should only look for trades in which the TZ1 is far enough away to allow for 1:2 RR.
DS1
Total DS: 4/6 (66.7%)
R:R – 1:2 with BE at 1R
Trade Outcome: BE 0R
R result to date for this batch: -1R
Overall R result: +6R
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Joel's Journal
I think you're just falling deep in to the m1 trap. You cannot trade that many pairs on m1 that often... if you look for trades you'll always find them. You gotta wait for opportunities when market is giving you clear opportunity. i don't remember any situation that warranted trading UJ and besides UJ is just NOT for M1 at all. Its atr is too low. Post News can be done though ...raklian wrote: 14 Dec 2018, 03:31 Trade: B3-T4
Date: 12/13/2018
Pair / TF: DOW M1
Signal Type: S1 SHORT
Thoughts and Feelings: I should have not taken this trade. I pulled the trigger too late, entering after the entry level had already been breached. Also, the index started acting "spikey" - that big engulfing candle - right before the signal. That should have been a red flag that things weren't going to be smooth anymore.
DS0
Total DS: 2/4 (50%)
R:R – 1:2 with BE at 1R
Trade Outcome: SL -1R
R result to date for this batch: -1R
Overall R result: +6R
this Dow trade, I feel like screaming ... so many things wrong with this... to start with its JUST NOT A SETUP 1 that you want to take...
then you did not care for the levels to the left at all. its just not the trade you want... and then the time of the trade. its just so wrong... STOP
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!
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Joel's Journal
This trade is Going The complete Opposite of the 10x principle. What are you doing Joel? Can you see why ask people NOT to trade m1? its this. your last 3 trades, happened on one day. and None of them had an edge. STOP. or CHANGE immediately. Long on GU on friday evening? with a 10X, without a news spike, what is going on...raklian wrote: 15 Dec 2018, 03:36 Trade: B3-T6
Date: 12/14/2018
Pair / TF: GBPUSD M1
Signal Type: S2 LONG
Thoughts and Feelings: A Setup 2 trade. Like the UJ M1 trade earlier, this also BE. It too missed the TP by a mere 1 pip although it did reversed exactly at the TZ1. Maybe I should only look for trades in which the TZ1 is far enough away to allow for 1:2 RR.
DS1
Total DS: 4/6 (66.7%)
R:R – 1:2 with BE at 1R
Trade Outcome: BE 0R
R result to date for this batch: -1R
Overall R result: +6R
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!
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raklian
- Free Member
- Posts: 106
- Joined: 09 Aug 2018, 02:50
- 7
Re: Joel's Journal
Trade: B3-T7
Date: 12/26/2018
Pair / TF: USDJPY M1
Signal Type: S2 LONG with 10x Method
Thoughts and Feelings: After missing the earlier opportunity to enter, I waited for a strong breakout out of the resistance level at H1 before hunting for a Setup 1/2 on M1/M5. At the setup, there were multiple resistance levels to the left so I waited for a breakout before entering. I exited at 2R just few pips beyond TZ1.
DS1
Total DS: 5/7 (71.4%)
R:R – 1:2 with BE at 1R
Trade Outcome: TP +2R
R result to date for this batch: +1R
Overall R result: +8R
Date: 12/26/2018
Pair / TF: USDJPY M1
Signal Type: S2 LONG with 10x Method
Thoughts and Feelings: After missing the earlier opportunity to enter, I waited for a strong breakout out of the resistance level at H1 before hunting for a Setup 1/2 on M1/M5. At the setup, there were multiple resistance levels to the left so I waited for a breakout before entering. I exited at 2R just few pips beyond TZ1.
DS1
Total DS: 5/7 (71.4%)
R:R – 1:2 with BE at 1R
Trade Outcome: TP +2R
R result to date for this batch: +1R
Overall R result: +8R
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Last edited by raklian on 29 Dec 2018, 05:53, edited 1 time in total.
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raklian
- Free Member
- Posts: 106
- Joined: 09 Aug 2018, 02:50
- 7
Re: Joel's Journal
Trade: B3-T8
Date: 12/28/2018
Pair / TF: USDCHF M1
Signal Type: S2 LONG with 10x Method
Thoughts and Feelings: While watching this pair on H1, it suddenly popped up into a big candle. After it closed, I started looking at the M1/M5 timeframe for a Setup 1. There was a strong, good looking Wave 3 and a very shallow Wave 4. I entered at the breakout of the new box after the Setup 2 signal.
Hindsight: Perhaps, I entered the trade at around the formerly strong support turned resistance zone. If I had drawn a line across the zone, the entry level was already hitting it. I need to keep this mind for future trades. I don't have the experience to judge whether those kinds of things should prevent me from entering a trade there.
DS1
Total DS: 6/8 (75%)
R:R – 1:2 with BE at 1R
Trade Outcome: SL -1R
R result to date for this batch: 0R
Overall R result: +7R
Date: 12/28/2018
Pair / TF: USDCHF M1
Signal Type: S2 LONG with 10x Method
Thoughts and Feelings: While watching this pair on H1, it suddenly popped up into a big candle. After it closed, I started looking at the M1/M5 timeframe for a Setup 1. There was a strong, good looking Wave 3 and a very shallow Wave 4. I entered at the breakout of the new box after the Setup 2 signal.
Hindsight: Perhaps, I entered the trade at around the formerly strong support turned resistance zone. If I had drawn a line across the zone, the entry level was already hitting it. I need to keep this mind for future trades. I don't have the experience to judge whether those kinds of things should prevent me from entering a trade there.
DS1
Total DS: 6/8 (75%)
R:R – 1:2 with BE at 1R
Trade Outcome: SL -1R
R result to date for this batch: 0R
Overall R result: +7R
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Last edited by raklian on 29 Dec 2018, 05:53, edited 1 time in total.
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raklian
- Free Member
- Posts: 106
- Joined: 09 Aug 2018, 02:50
- 7
Re: Joel's Journal
Trade: B3-T9
Date: 12/28/2018
Pair / TF: USDCHF M1
Signal Type: S1 LONG with 10x Method
Thoughts and Feelings: It looks like this pair wants to take another stab at reaching TZ1. I'm giving it the benefit of the doubt, so I enter at the box breakout after that blue dot. It was moving quite quickly at the beginning causing ATM to move to BE but it began to stall into a meandering struggle to reach the TZ1 which at one point was one or two pips away from triggering the TP on TZ1. Being late in the New York session on Friday and the pair is already turning away from TZ1 convincingly, I decide to close the trade at around +1R.
DS1
Total DS: 7/9 (77.8%)
R:R – 1:2 with BE at 1R
Trade Outcome: Closed early at TP +1R after ATM moved to BE.
R result to date for this batch: +1R
Overall R result: +8R
Date: 12/28/2018
Pair / TF: USDCHF M1
Signal Type: S1 LONG with 10x Method
Thoughts and Feelings: It looks like this pair wants to take another stab at reaching TZ1. I'm giving it the benefit of the doubt, so I enter at the box breakout after that blue dot. It was moving quite quickly at the beginning causing ATM to move to BE but it began to stall into a meandering struggle to reach the TZ1 which at one point was one or two pips away from triggering the TP on TZ1. Being late in the New York session on Friday and the pair is already turning away from TZ1 convincingly, I decide to close the trade at around +1R.
DS1
Total DS: 7/9 (77.8%)
R:R – 1:2 with BE at 1R
Trade Outcome: Closed early at TP +1R after ATM moved to BE.
R result to date for this batch: +1R
Overall R result: +8R
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raklian
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- Posts: 106
- Joined: 09 Aug 2018, 02:50
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Re: Joel's Journal
Trade: B3-T10
Date: 12/28/2018
Pair / TF: DOW M1
Signal Type: S1 LONG
Thoughts and Feelings: I wasn't expecting to trade DOW today but it came alive during that Wave 3 up such in a manner it had wind behind it. It created a very shallow Wave 4 after which I entered at the box break after the blue dot. It was going well at the beginning to the point I thought TZ1 would be hit but it stalled within the striking distance to TZ1. It then reversed to the downside, hitting the BE level.
Overall, I feel good about this trade as I felt I had the EDGE and was following the setup rules as well as ascertaining that the overall pattern was ideal.
DS1
Total DS: 8/10 (80%)
R:R – 1:2 with BE at 1R
Trade Outcome: Closed at BE, so 0R.
R result to date for this batch: +1R
Overall R result: +8R
Date: 12/28/2018
Pair / TF: DOW M1
Signal Type: S1 LONG
Thoughts and Feelings: I wasn't expecting to trade DOW today but it came alive during that Wave 3 up such in a manner it had wind behind it. It created a very shallow Wave 4 after which I entered at the box break after the blue dot. It was going well at the beginning to the point I thought TZ1 would be hit but it stalled within the striking distance to TZ1. It then reversed to the downside, hitting the BE level.
Overall, I feel good about this trade as I felt I had the EDGE and was following the setup rules as well as ascertaining that the overall pattern was ideal.
DS1
Total DS: 8/10 (80%)
R:R – 1:2 with BE at 1R
Trade Outcome: Closed at BE, so 0R.
R result to date for this batch: +1R
Overall R result: +8R
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