Pankaj-Trading Journal
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ppandekar
- Free Member
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- Joined: 16 May 2013, 14:43
- 12
Pankaj-Trading Journal
Starting my trading journal today. Hoping to look back and laugh at this one day.
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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
- 12
Re: Pankaj-Trading Journal
Experienced a few days trading on M5. Realised to catch the long trend i have to be present for longer time 4-5 hours.
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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
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Re: Pankaj-Trading Journal
Attaching my trading plan for M5. Will be starting my first T20 starting Monday. It will be on demo account.
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immy
- Founder
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Re: Pankaj-Trading Journal
HI Pankaj
If you trade Fruit it will take care of your S1 and S2 entries entirely. I don't know how to explain this, I've tried many times. Everyone's trying to mix Setup 1 and Fruit not knowing that The Fruit is something that came out of the experience and years of trading the Setup. The Setup 1 and Setup 2 is a diamond and The Fruit is the refined version of it. The same diamond got a new style, its more beautiful now as its been redesigned, given great angel cuts and shiny surface. Its just more beautiful diamond than it used to be but its the same diamond just more refined. The Fruit takes care of most S1 setups. So your trading plan should not be more than a page here. Please go to my jouranl and copy my Feb 2015 plan.
cheers
If you trade Fruit it will take care of your S1 and S2 entries entirely. I don't know how to explain this, I've tried many times. Everyone's trying to mix Setup 1 and Fruit not knowing that The Fruit is something that came out of the experience and years of trading the Setup. The Setup 1 and Setup 2 is a diamond and The Fruit is the refined version of it. The same diamond got a new style, its more beautiful now as its been redesigned, given great angel cuts and shiny surface. Its just more beautiful diamond than it used to be but its the same diamond just more refined. The Fruit takes care of most S1 setups. So your trading plan should not be more than a page here. Please go to my jouranl and copy my Feb 2015 plan.
cheers
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: Pankaj-Trading Journal
Hey Pankaj, are you forgetting something?
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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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
- 12
Re: Pankaj-Trading Journal
Was not trading well at all last week. The overall T20 went no where. Myself could evaluate only 60% Consistency. Starting new T20 today.
Immy...will copy your plan.
Immy...will copy your plan.
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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
- 12
Re: Pankaj-Trading Journal
Immy,
i have separate trading plans because sometimes when i log in i start with S1/S2 setups instead of the fruit as S1/S2 happen before the fruit. Searching your plan to see how you are solving this issue of different entry.
Saw your skype note yesterday..you say that if you are not already in on a fruit then the break of AIMS is not a add on. If i still take it it will screw up the probabilities. I completely agree. If i am trading the fruit...i have to take my first position on a fruit.
This is one of the reasons i had a separate plan for fruit and s1/s2.
i have separate trading plans because sometimes when i log in i start with S1/S2 setups instead of the fruit as S1/S2 happen before the fruit. Searching your plan to see how you are solving this issue of different entry.
Saw your skype note yesterday..you say that if you are not already in on a fruit then the break of AIMS is not a add on. If i still take it it will screw up the probabilities. I completely agree. If i am trading the fruit...i have to take my first position on a fruit.
This is one of the reasons i had a separate plan for fruit and s1/s2.
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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
- 12
Re: Pankaj-Trading Journal
T1:
Entery on fruit. SAR later which closed on green line.
Entery on fruit. SAR later which closed on green line.
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ppandekar
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Re: Pankaj-Trading Journal
T2: break of AIMS S1 setup
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ppandekar
- Free Member
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- Joined: 16 May 2013, 14:43
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Re: Pankaj-Trading Journal
T3: Made a crap out of a good trade. Realise once trend was proven should have stuck to it.
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