BUDI DHARMA Trading Journal

[budidharma1969]

First of all,... thanks IMMY for guide me,...

Before this,.. I was un-planned TRADER,...

Here I post my trading PLAN,...

Hope it will be guide me become a better trader and soon will become FULL TIME OLD Trader,....

I am come from INDONESIA,... ( Anyone from Indonesia ? )

Hope IMMY and ALL members here ( my senior ) can give me valuable guide,...

Thanks in Advance,.. and lets learn together,

Budi Dharma

[budidharma1969]

Here is a part of plan that I will review yesterday whole DAX session,.. either I took the trade or just locate it.

Jan 15th 2020,.. setup 1 16:24
Its a loss trade

Hope can learn from it

[budidharma1969]

After thinking ,.. I know that loss trade 80% because of NEO ,.. its 16:30 open,... then I will not took trade from 16:00,.. but still monitor,...

[budidharma1969]

Yesterday, 16th Jan 2020, there were no Setup 1 for me,.....
I was very exciting to be in the trade room with Ganesh and Immy,... monitoring first LO 2 hours ..they trade HUNT,....

[ganesha04]

hi mate read your journal... try to use this format and make sure you record your DS Score; that's the most important thing.

1. Trade Number: 1/20 Batch 1
2. Date/Time: 8/11/2019 - Morning Session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction : Long, Setup 1, Blue dot
5. Comments and Feelings at the Time of Taking The Trade: I was patiently waiting the whole morning for a clean Setup 1 according to my rules; when this opportunity came I jumped on it; unfortunately, I use a Mac so still figuring out how to get Snorms ATM to work; hopefully will get it fixed this week; as that will make placing a pending order easily; throughout the trade I was constantly guessing where price may go and depending on every up or down movement; I was going in my head thinking this will hit my TP (on up bars) to "Oh no it's going to hit my SL"
6.Comments and Trades After Exiting the Trade: I was happy that, it hit my TP even though due to order issues my 1:1 was slightly higher than it should have been.
7. DS For this Trade: 1DS
8. DS Running Total: 100% (1/20)

[immy]

First of all,... thanks IMMY for guide me,...

Before this,.. I was un-planned TRADER,...

Here I post my trading PLAN,...

Hope it will be guide me become a better trader and soon will become FULL TIME OLD Trader,....

I am come from INDONESIA,... ( Anyone from Indonesia ? )

Hope IMMY and ALL members here ( my senior ) can give me valuable guide,...

Thanks in Advance,.. and lets learn together,

Budi Dharma

Hi Budi the BEE...

Great to see you've finally taken the leap and finished your trading plan. The most important step towards trading success is planning. Most traders consider trading as a slot machine. and they get what they expect. Random wins and losses. That's not trading....

We have to think in terms of Probabilities. The probability of the Next Trade is Random but the Probability of next 20 50 or 100 trades is very much certain. It is quantifiable, it is testable.

All the best... and continue to participate both in the chatroom and updating your journal. There is no other alternative.

[immy]

Here is a part of plan that I will review yesterday whole DAX session,.. either I took the trade or just locate it.

Jan 15th 2020,.. setup 1 16:24
Its a loss trade

Hope can learn from it

Now that you have completed your trading plan, need I remind you that T20 Principle MUST be part of your Trading plan. And journal keeping, as pointed by @Ganesh , is the most important part. How will you know that you've followed your Trading Plan?
The answer is, by keeping yourself accountable to a standard. that is The Discipline Score, that is the T20 Principle.
Use the template to record your trades and the Objective of Stage 1 Batch one is simply to maintain DS 80%.

cheers

if you need help with this ask me questiosn in the chatroom if you like.

[budidharma1969]

OK,...

I will be in the ROOM everyday,... And take action as my PLAN,...

Ganesh,..thanks for your suggestions,.. I will follow the format,....

Still waiting for my first trade,....

Thanks,

Budi Dharma

[budidharma1969]

Dear All,

Its my first T-20 trade ,.. hope I am not wrong with my journal,...

1. Trade Number: 1/20 Batch 1
2. Date/Time: 27/1/2020 - London Session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction : Short, Setup 1, Red Dot
5. Comments and Feelings at the Time of Taking The Trade: Just the end of 2 hours after London Open,.. Very small Green AO, TZ1 just 2R after BOX+Spread , so I manage to took only 1R
6. Comments and Trades After Exiting the Trade : exiting,.. its my first T-20, but it hit TZ1 anyway
7. DS for this trade : 1DS
8. DS Running Total : 100% ( 1/20)

[budidharma1969]

Hi, today I trade my second T-20 trade,..

1. Trade Number: 2/20 Batch 1
2. Date/Time: 28/1/2020 - Morning Session
3. Symbol/TF: Dax/1m
4. Signal Type / Direction : Short, Setup 1, Red dot
5. Comments and Feelings at the Time of Taking The Trade: I was waiting the setup 1 started from London Open,... The M1 chart Up and DOWN ,..but M5 Chart was clear DOWN TREND,.. When AO back cross Zero Line,.. I prepare to jump in,.. Red don appeared,..and Iplaced PO with 16 pips Box 19 pips SL. Soon the price go to 1R and I moved the SL to BE+, and wait,... Unlucky the price going back after go maximum very near ti TZ1,..BEP Trade
6.Comments and Trades After Exiting the Trade: I was happy that I got BEP and BIG lesson to place TP just before TZ1
7. DS For this Trade: 1DS
8. DS Running Total: 100% (2/20)