Jozef's Journals Setup 1 DAX M1

[Jozef]

:-bd There I will post journals from my trades of DAX M1 Setup 1 only.

[Jozef]

1. I took this trade to early. The market went sideways. There was DOT alert, sleeping gator and A0 just cross 0. It closed at initial SL -10. When I look at the picture I can see not tradeable ZIG ZAG SHIT market. Ou Got. So next.
Result DS0
1/0

[Jozef]

2. This trade was good S1 setup. Result BE. DS1
2/1

[immy]

1. I took this trade to early. The market went sideways. There was DOT alert, sleeping gator and A0 just cross 0. It closed at initial SL -10. When I look at the picture I can see not tradeable ZIG ZAG SHIT market. Ou Got. So next.
Result DS1
1/1

This is a RUBBISH trade... this is the trade which makes me tell people DONT trade M1. I know you know what I mean

ps: if you call this Setup 1... you have to restart your thinking about Setup 1. This is NOT setup 1

If you ask me, I won't give you DS1... its DS0. On m1, you have to have 200% discipline and trade ONLY the VERY BEST setups.

[immy]

2. This trade was good S1 setup. Result BE. DS1
2/2

THIS NOW ... is THE SETUP ... the one that you should trade once or twice a day if it happens. If you don't see this... don't traade.

Strong 3.. nice clean 4... BANG in to Setup 1... (wd)

If this trade was -1% and the previous was plus 2% ... this would still be BETTER trade...

[immy]

Moreover, remember you can only trade DAX m1 2hrs MAX. if you take any trade after those hrs = DS0000000

[Tomi]

Before taking a trade, one can answer to this question: Is the market moving? If not -> no trading. Wait wait wait for market to move.

Regarding the first trade, market hit W5 target right after London open. Market was still interesting in that point but went to tight range. In that point when you took the trade it's better to wait for market to reveal a trend. Second trade looked like a trade that was taken to trend. Market was moving.

Today was similar boring day on DAX. No clear moves. No trades. Again when London opened it moved but lost the steam. It happens, let's wait for it to move.

[Jozef]

1. I took this trade to early. The market went sideways. There was DOT alert, sleeping gator and A0 just cross 0. It closed at initial SL -10. When I look at the picture I can see not tradeable ZIG ZAG SHIT market. Ou Got. So next.
Result DS1
1/1

This is a RUBBISH trade... this is the trade which makes me tell people DONT trade M1. I know you know what I mean

ps: if you call this Setup 1... you have to restart your thinking about Setup 1. This is NOT setup 1

If you ask me, I won't give you DS1... its DS0. On m1, you have to have 200% discipline and trade ONLY the VERY BEST setups.

Yes, it is DS0!!!

[Jozef]

Before taking a trade, one can answer to this question: Is the market moving? If not -> no trading. Wait wait wait for market to move.

Regarding the first trade, market hit W5 target right after London open. Market was still interesting in that point but went to tight range. In that point when you took the trade it's better to wait for market to reveal a trend. Second trade looked like a trade that was taken to trend. Market was moving.

Today was similar boring day on DAX. No clear moves. No trades. Again when London opened it moved but lost the steam. It happens, let's wait for it to move.

Thanks, Tomi, this is my biggest problem to wait and do nothing. I have been still working on it. It is really difficult for me.

[Tomi]

this is my biggest problem to wait and do nothing. I have been still working on it. It is really difficult for me.

You are not alone with this one. You can do your best, get experience over time and try to find your own ways to keep yourself away trading when market is not moving. Personally I usually cook or write code while waiting. It's something to keep brains busy enough (and not start trading just due to boredom) but not taking too much attention to not being aware what is happening on the market. We are all personalities and there are different ways. I too trade sometimes stuck market for some mysterious reason. We are all learning. Point is, when market is not moving, relax and enjoy the silence. When trading, stay focused and yet relaxed