Journey of Consistency by Ghost

[Moderator]

Trade 4 - DS1
Apple but exited at BE. DS 1


Trade 5 - DS 0 M5 Gator was sleeping.

I had a PO for Short, and the nI looked away started browing etc. Market went up and and down. and triggered my entry shor.t This is not good .I have to keep my eyes on m1. DS 1

then it also formed a cherry so I made another quarter risk on cherry.

both faile.d

NEXT

Today has been a crazy day but I thoroughly enjoyed i.t I am not the guy for H1. I can't wait and go away from screen for 55 minutes. nope.

Conclusion for DAX LO Session 26 Nov 2018

I enjoyed this session. I know my setup[ 1. I can spot it and I can trade it. All I have to do now is to NOT trade any other bullshit.
I must focus on DAX M1 Setup and Hunt and forget the rest. Don't make Market Orders. Don't leave PO unattended. No phone fiddling, no browsing.

Down for the Day
Total DS: 2/5 (not good at all.)

[Moderator]

Setup 1 DAX M5

A great looking setup. but H1 was stretched and market had lost its momentum 20 min after London Open. I should have stopped. Will address that in my trading plan soon.

I had some more savings. added another 900 pounds into the account.

[Moderator]

NEO Session Attempt

Setup 1 -

I looked at the momentum at NEO. and it was clearly showing there was some interest. So I took what appeared to be a Setup 1 on m1 . with a small but clear 3. M5 was showing possible 5 up. H1 also showing a Cherry.

Result: slightly less than 1R but a DS1

Story is in the pictures.

Batch 1 - Trade 7 - S1 at NEO.png

Batch 1 - Trade 7 - S1 at NEO 2.png

Batch 1 - Trade 7 - S1 at NEO M5 Chart.png

Batch 1 - Trade 7 - S1 at NEO M5 Tz1 Hit.png

Batch 1 - Trade 7 - S1 at NEO M1 Analysis Chart.png

Batch 1 - Trade 7 - S1 at NEO M1 still in.png

Batch 1 - Trade 7 - S1 at NEO M1 still in rejection.png

Batch 1 - Trade 7 - S1 at NEO M1 still in rejection held.png

Batch 1 - Trade 7 - S1 at NEO M1 still in rejection OUT.png

[Moderator]

Batch 1 Trade 8 and 9. Both DS1, I did not play the market correctly today.

Iam losing on m1. but I know its ok. I will have to lose to learn. Focus is not entirely on money but I'm using the money to keep me motivated otherwise I will lose interest. I know myself.

[Moderator]

Trade 10 DSO
Clearly M5 was not trending and price was in range. I lost patience.

Batch 1 - Trade 10 - S1.png

Batch 1 - Trade 10 - S1 end bad shit trade.png

Trade 11 -

Batch 1 - Trade 11 - Cheer 1.png

Batch 1 - Trade 11 - Cherry end.png

TRade 12

Batch 1 - Trade 12 - Cherry end.png

DNT

did not take.png

[Moderator]

This Batch is almost done. A pretty bad one. but I learned a lot. I shall continue with dax m1. I like it.

though I've butchered my drawdown.

Today I hit my Daily Stop of 3 losses plus one more due to carelessness. I was testing ATM Auto Cherry.

Trade 13 - Pre London Breakout Bracket (DS0 as I should not be doing this)
Trade 14 - London Breakout Sar (DS0 same as above)

Trade 15 - Cherry DS1,
Trade 16, Random Entry due to impatience DS0
Trade 17-18, DS0 because entries should not be at the close but below the Cherries.

So overall I lost alot of money (based on percentages) but i have learned alot too.

[Moderator]

Looks like I have completed Batch 1 .. a story of incredible inconsistency …

Trade 19 : DS1 because based the trade on 3-4 instead of dot. it was not MO but PO

Trade 20: DS0 bad exit. had I kept to the plan it would have been 1R that would have helped ease the pain.

[Moderator]

Discipline Score for Batch 12/20 only 60%. Not good at all.


Feelings after completing this Batch:

I feel confused now. I feel as if I have failed. I feel frustrated. I feel defeated.

Did I break the rules too often and lost, or did I just not trade well and lost.

But important thing is, Discipline Score is below par. I think I was not too strict on my rules.

What were major problems in this batch:
I was not very strict with my trade selection. I was not precise and too erratic.
Problem 1: Missed some great moves was sitting on hands.
Goal: do not miss good volatiltiy moves.

Problem 2: Did not sit down exactly at LO so missed setups. FIX it by being more punctual.
Goal: Be there at LO until Next 2-3 hrs depending on how market reacts.

Problem 3: Market order entries create problems FIX It,
Goal: No Market orders.

Problem 4: Risk per trade was random. Must be always one.
Goal: So I will go for 0.25% per trade all the next batch. IF I score above 70% DS I will increase to 0.5%.

M1 has been the WORST Batch in my trading so far. I will continue to see how it goes. I should lower my Risk per trade.
I will tag all my trades in myfxbook so that I can do some more stats later. but for this one I will put a screenshot below.

After I tag the trades. which I have not so far. its cumbersome to do so on m1. More work off the trading hours.

2hrs later I have finished tagging. And boy am I amazed. I am such a fucking bad trader. I have broken rules on nearly all of the trades.
wow. I never knew about this before I put the effort of recording my trades.

Below is the financial statment of this batch.

I have won 3 trades out of 20. and probably 5 DS1 out 20.

Dax Batch Report - Dismal performance.png

LESSON 1: MAX LOSS for THE DAY -1% (Never Risk more than 0.25% per Trade
LESSON 2: MAX Trade 2Hrs No Market Orders - ONLY TRADE when GATOR on M5 is OPEN

[Moderator]

Careful consideration over the last 2 days have lead me to the following conclusion.

Next Batch will be DAX M1 Fruit method

Start Time Around London Open.
If market moves before LO, I might get in.
I will trade it exactly as I traded the H1 chart using Fruit method.

[Moderator]

Careful consideration over the last 2 days have lead me to the following conclusion.

Next Batch will be DAX M1 Fruit method

Start Time Around London Open.
If market moves before LO, I might get in.
I will trade it exactly as I traded the H1 chart using Fruit method.

I have decided, to continue with Fruit Campaigns on H1. Reverting back to the original. That has been statistically the best option for me so far.

I think I need to demo m1 first. I was getting emotional and that is not good. Thanks Immy for your help in understnading this.