Ganesh Trading Journal

[ganesha04]

1. Trade Number: 9/20 Batch 3
2. Date/Time: 06/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Seed Long
5. Comments and Feelings at the Time of Taking The Trade: Saw a break out and potential for 3rd into 5th wave; trade was against M5 trend but still went in on first seed; cancelled and then went in on 2nd seed.
6.Comments and Trades After Exiting the Trade: Price didn't break out further and took 1R loss
7. DS For this Trade: 1DS
8. DS Running Total: 77% (9/20) (7DS1 & 2S0)
9. Result: -1R
10: Badge R: 4R (Target 10)
11. Screenshot:

1.png

2.png

[ganesha04]

1. Trade Number: 10/20 Batch 3
2. Date/Time: 07/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Seed Long
5. Comments and Feelings at the Time of Taking The Trade: Saw a break out; against M5 trend; potential 3rd into 5th; got in.
6.Comments and Trades After Exiting the Trade: Price moved to 1 R but didn't break out further; no drama Next.
7. DS For this Trade: 1DS
8. DS Running Total: 80% (10/20) (8DS1 & 2S0)
9. Result: 0R
10: Badge R: 4R (Target 10)
11. Screenshot:

1.png

1. Trade Number: 11/20 Batch 3
2. Date/Time: 07/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: J Cherry Short
5. Comments and Feelings at the Time of Taking The Trade: Decided over the weekend that I want to get into J Cherry's; throughout the past few weeks I noticed never to get into first J-Cherry Signal and wait for the second one; so I did here.
6.Comments and Trades After Exiting the Trade: After taking the trade that the signal was not where you expect the Signal to be; you want the signal to be on a retracement close to the beginning of the AO... anyways lesson learned and 1R paid.
7. DS For this Trade: 0DS
8. DS Running Total: 73% (11/20) (8DS1 & 3S0)
9. Result: -1R
10: Badge R: 3R (Target 10)
11. Screenshot:

2.png

[immy]

1. Trade Number: 10/20 Batch 3
2. Date/Time: 07/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Seed Long
5. Comments and Feelings at the Time of Taking The Trade: Saw a break out; against M5 trend; potential 3rd into 5th; got in.
6.Comments and Trades After Exiting the Trade: Price moved to 1 R but didn't break out further; no drama Next.
7. DS For this Trade: 1DS
8. DS Running Total: 80% (10/20) (8DS1 & 2S0)
9. Result: 0R
10: Badge R: 4R (Target 10)
11. Screenshot:1.png

1. Trade Number: 11/20 Batch 3
2. Date/Time: 07/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: J Cherry Short
5. Comments and Feelings at the Time of Taking The Trade: Decided over the weekend that I want to get into J Cherry's; throughout the past few weeks I noticed never to get into first J-Cherry Signal and wait for the second one; so I did here.
6.Comments and Trades After Exiting the Trade: After taking the trade that the signal was not where you expect the Signal to be; you want the signal to be on a retracement close to the beginning of the AO... anyways lesson learned and 1R paid.
7. DS For this Trade: 0DS
8. DS Running Total: 73% (11/20) (8DS1 & 3S0)
9. Result: -1R
10: Badge R: 3R (Target 10)
11. Screenshot: 2.png

BOTH of the Entries are NOT J setups... and You should NOT take J Setups... but I think I've addressed this comprehensively in the chatroom today...

These are not J setups...

the second trade, short, that is not even a good cherry setup. Cherry MUST not be taken after a series of sideways price action. Cherry should be taken when there is a slight pullback, a clean one. not a consolidation of sideways candles...

hope this makes sense. DONT TRADE without The Setup 1 pattern in place... Hunt is used in conjunction with The Setup pattern. That is why First step is to learn Setup 1... then Hunt BUILDS upon that...

hope this makes sense

[ganesha04]

Thanks Immy, yeap; looking at the above trades I feel like an amateur; I guess it's part of learning... anyways today was an amazing learning day!

1. Trade Number: 12/20 Batch 3
2. Date/Time: 10/03/2020 - Afternoon session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Short Cherry
5. Comments and Feelings at the Time of Taking The Trade: Huge learning session; but saw a Hunt after a S1 into potential 5th wave. Was very nervous when I got in and shortly after the trade... After a few loosers, I lacked confidence... Beyond the S1, it was also a tight range on M5 and could have been a Monarch on it's own right.
6.Comments and Trades After Exiting the Trade: Trade worked out amazing; regretted that I put TP at 3R
7. DS For this Trade: 1DS
8. DS Running Total: 75% (12/20) (9DS1 & 3S0)
9. Result: 3R
10: Badge R: 6R (Target 12)
11. Screenshot:

7 (1).png

Anyways more importantly than my trade today, I felt like I finally got a structure in my head on what I am looking to trade exactly:
1. Monarch trades only around LO or NYO; loads of movement around that time and higher probability for it to turn into a Wave 3; make sure to go for 3R or higher TP.
2. However, ideally we want to get into the 5th Wave, either through a S1 or a pull back to the Wave 4 fractal with a Hunt Signal and if you've taken a nice profit on the Hunt, perhaps a 3rd into the 5th of the 5th wave.
3. Experienced trader may take take the 3rd into the 5th of the 3rd wave; I will only take them if I got into the Monarch at LO or NYO.

Examples:

Example1.png

Example 2.png

Example 3.png

[ganesha04]

No trades today, but general observations:
- since I had this long training session with Immy yesterday, I'm so much more relaxed and calm as I know what I am looking for and the framework within which I am looking for trades
- 5th wave to go 60% of 3th wave; so you can see what box size would be accurate
- Reading this book "Market Mind Games" by Denise Shull and she talks about how important self awareness is when it comes to training... So besides my strategy, everytime I look a potential chart I am going to ask myself: "How am I feeling?".

Some learnings:

1.png

2.png

[ganesha04]

1. Trade Number: 13/20 Batch 3
2. Date/Time: 13/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Short S1
5. Comments and Feelings at the Time of Taking The Trade: Saw a nice 3-4; AO close to 0 line; got in.
6.Comments and Trades After Exiting the Trade: Price unfortunately went against me but luckily only took 0.5R loss
7. DS For this Trade: 1DS
8. DS Running Total: 77% (13/20) (10DS1 & 3S0)
9. Result: -0.5R
10: Badge R: 5.5R (Target 12)
11. Screenshot:

5.png

1. Trade Number: 14/20 Batch 3
2. Date/Time: 13/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Long S1
5. Comments and Feelings at the Time of Taking The Trade: Saw a nice 3-4; waiting for a small box to make 2R work with the 60% and got in
6.Comments and Trades After Exiting the Trade: Price turned around and unfortunately BE; looking back it wasn't really a S1, as price not close to 0 line cross...
7. DS For this Trade: 0DS
8. DS Running Total: 79% (14/20) (11DS1 & 3S0)
9. Result: -BE
10: Badge R: 5.5R (Target 12)
11. Screenshot:

Screen Shot 2020-03-12 at 21.47.51.png

[ganesha04]

1. Trade Number: 15/20 Batch 3
2. Date/Time: 13/03/2020 - Morning session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Long S1
5. Comments and Feelings at the Time of Taking The Trade: All boxes ticked; beautiful S1 but I was woried and nervous as price didn't move quick...
6.Comments and Trades After Exiting the Trade: How wrong I was and price exploded; took my 2R
7. DS For this Trade: 1DS
8. DS Running Total: 80% (15/20) (12DS1 & 3S0)
9. Result: 2R
10: Badge R: 7.5R (Target 12)
11. Screenshot:

1.png

1. Trade Number: 16/20 Batch 3
2. Date/Time: 13/03/2020 - Afternoon session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Short S1
5. Comments and Feelings at the Time of Taking The Trade: Price came down from a 300pts downward move; even though box was large still 60% 5th wave would have easily given me 2r... Also then saw the Monarch into the 5th and jumped on it too.
6.Comments and Trades After Exiting the Trade: Exited pre-maturely on both trades on first pull-back for 1R each...
7. DS For this Trade: 1DS
8. DS Running Total: 82% (16/20) (13DS1 & 3S0)
9. Result: 2R
10: Badge R: 9.5R (Target 12)
11. Screenshot:

2.png

[dcheungts]

Hi Ganesh ,

im Dennis from Hong Kong. I try today to start my Journal as well but still not fixed my MT4 account . (Newbie)
So just want to say Hi and wish us both all the Best in the Future .

Dennis

[ganesha04]

1. Trade Number: 17/20 Batch 3
2. Date/Time: 16/03/2020 - Afternoon session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Long S1
5. Comments and Feelings at the Time of Taking The Trade: Saw a price move up and in between my mad meetings, managed to catch this S1...
6.Comments and Trades After Exiting the Trade: Beautiful text book S1
7. DS For this Trade: 1DS
8. DS Running Total: 84% (17/20) (13DS1 & 3S0)
9. Result: 2R
10: Badge R: 11.5R (Target 12)
11. Screenshot:

4.png

[ganesha04]

1. Trade Number: 18/20 Batch 3
2. Date/Time: 17/03/2020 - Afternoon session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction: Long S1
5. Comments and Feelings at the Time of Taking The Trade: Saw S1 one at FO; got in...
6.Comments and Trades After Exiting the Trade: should have left it to run for 2R or to TZ1... was too afraid and got out too early... Remember for future; 60% of 3rd wave but don't forget about TZ1...
7. DS For this Trade: 0DS
8. DS Running Total: 80% (17/20) (13DS1 & 3S0)
9. Result: 1R
10: Badge R: 12.5R (Target 12)
11. Screenshot:

Screen Shot 2020-03-17 at 17.45.03.png