Jasmien's M5 Dax Journal

[Jasmien]

Batch No.1

Trade No. 1

Date: 16/03/2018

Pair: Dax

Signal Type :Fruit short , box breakout short entry, addon bar short entry.

Notes and feelings I note for myself before my trade outcome:

DS

I had a total of 3 trades today.

First trade: Fruit which closed at BE. Risk was 0.33%
2nd trade: I took a box breakout short which turned into a loss. 0.33%
3rd trade: I took a addon bar short, unfortunaltly I missed the fruit prior at the peak of wave 3, and I also missed to add on at box breakout which was a good lesson. Risk 0.33% outcome: 1.4R

[immy]

Just a quick note. If you miss the fruit, you can NOT start a new campaign using the AO add on as entry. There are only 2 ways to get into the market. Fruit or Box Break.

[immy]

Also I suggest you do not use the rather sophisticated eWH with fruit method or at least change the colour to 2 colours. Understanding the AO, i.e momentum in two colours, is a very important aspect of the fruit method and understanding the flow of the market. simply download the Fruit indicators and template. I use exactly the same files as are available in the download section / dashboard.

[Tomi]

Somehow missed the coloring of AO. I'll change it also to align our charts look and feel.

PS. Great exit on the last short.

[Jasmien]

Just a quick note. If you miss the fruit, you can NOT start a new campaign using the AO add on as entry. There are only 2 ways to get into the market. Fruit or Box Break.

I see iMi, thank you

[Jasmien]

Also I suggest you do not use the rather sophisticated eWH with fruit method or at least change the colour to 2 colours. Understanding the AO, i.e momentum in two colours, is a very important aspect of the fruit method and understanding the flow of the market. simply download the Fruit indicators and template. I use exactly the same files as are available in the download section / dashboard.

Ok, I already had the fruit AO, it's now placed on my fruit chart, thanks iMi.

[Jasmien]

Somehow missed the coloring of AO. I'll change it also to align our charts look and feel.

PS. Great exit on the last short.

Thank you Tomi.

[vickyp]

Hi Jasmien.
Thanks for starting a separate journal for your next learning step, I shall keep checking in to see your progress.
It will be a great reference for us later when we are up to this level! Thanks for paving the way.

Vicky

[immy]

Batch No.1

Trade No. 1

Date: 16/03/2018

Pair: Dax

Signal Type :Fruit short , box breakout short entry, addon bar short entry.

Notes and feelings I note for myself before my trade outcome:

DS

I had a total of 3 trades today.

First trade: Fruit which closed at BE. Risk was 0.33%
2nd trade: I took a box breakout short which turned into a loss. 0.33%
3rd trade: I took a addon bar short, unfortunaltly I missed the fruit prior at the peak of wave 3, and I also missed to add on at box breakout which was a good lesson. Risk 0.33% outcome: 1.4R

I also missed on commenting on a crucial concept her.e

You say you had 3 Trades. That mentality has to change. You did not have 3 trades. It was ONE trade/ one Campaign of entries, but ONE trade. Its called position sizing method. You scale in to ONE position. WE don't look at profitability of individual trade as such rather we look at the end result of all the positions. I'm sure its been clarified to you ins Skype/Slack by now. But thought I'll comment anyway just to clarify. If you try and work on establishing this thought process ti will help you greatly in understanding the logic behind this all fruit method. This is really the way the professionals perceive it.

[Jasmien]

Batch No.1

Trade No. 1

Date: 16/03/2018

Pair: Dax

Signal Type :Fruit short , box breakout short entry, addon bar short entry.

Notes and feelings I note for myself before my trade outcome:

DS

I had a total of 3 trades today.

First trade: Fruit which closed at BE. Risk was 0.33%
2nd trade: I took a box breakout short which turned into a loss. 0.33%
3rd trade: I took a addon bar short, unfortunaltly I missed the fruit prior at the peak of wave 3, and I also missed to add on at box breakout which was a good lesson. Risk 0.33% outcome: 1.4R

I also missed on commenting on a crucial concept her.e

You say you had 3 Trades. That mentality has to change. You did not have 3 trades. It was ONE trade/ one Campaign of entries, but ONE trade. Its called position sizing method. You scale in to ONE position. WE don't look at profitability of individual trade as such rather we look at the end result of all the positions. I'm sure its been clarified to you ins Skype/Slack by now. But thought I'll comment anyway just to clarify. If you try and work on establishing this thought process ti will help you greatly in understanding the logic behind this all fruit method. This is really the way the professionals perceive it.

iMi wrote: I'm sure its been clarified to you ins Skype/Slack by now.

Yes, I understand this now thank you.