Zsigmond's Journal of T20's

[zsizsa]

Hi Everyone,

my name is Zsigmond. I am a 35 year’s old father and husband from Hungary. 
My relationship with trading has a long history, but unfortunately I did not have too much success in it. During the years i tried trading with stocks, forex and options. I studied a lot. But there were a lot of missing parts like how should i find my edge in the market, how should i master to be a disciplined and consistent trader.

I am studying Immy’s material since October 2020 and it stands out that it is different than any other course that i came across. 

I started my trading carrier at a Hungarian brokerage company as an analyst when i was 23 years old. It is funny when you start working on this field you start expecting, especially in the beginning that you will learn all the knowledge what you will need to be a good trader. 
But you will not!!! As an analyst my job was to be a similar talking head as anyone else in that position. As time passed, I realised that no one cares about your opinion about the market. Your job was to comment the market movements after they happened and find some story to it even if it was not well-founded. I was a marketing/sales person. I felt that the whole thing is a bad joke, nothing else.

But my dream was to be a full-time trader whose passion is his profession. I will do my best to get there.
I will use my live account for my T20 journal. My R will be 0.1%.
 
 Pairs: Dax Only
- Time Frame: M1 (M5)
- Only setup 1
- R:R = 1:1
- Exit rules: I will exit at 1R
 

[zsizsa]

1. Trade Number: B1 T1
2. Date/Time: 2021.01.27
3. Symbol/TF: DE30
4. Signal Type / Direction : Setup 1 SHORT

5. Questions Before Trade is Taken:

a) How do I feel before setting the order? (explain in one or two sentences how you feel - refer to your emotions)
I felt nerveous, but will try to be discpilined.

b) Intuitive Signal?
I felt uncertain a bit. 

c) Is this technically The Setup 1?
The PB on M1 looks a bit big for me. And the box is bigger than 15 points. Got a red dot and eWaves crosses the ZL back below and purple is above the box.
On M5 the gator is open to the downside. The priceaction is below the green gator line and rejected it.

6. Post Trade Questions:
a) How Do I feel after closing the trade (or end of the session for Day Traders)?
Not so well. I'm angry because my PO got filled 6 points lower. But that wasn't the reason the trade was wrong.

b) Have I done well and why?

c) Have done badly and Why?
Yeap. Sl placing was incorrect (not above the box). Did not give too much weight to the size of the PB.

d) What Could I have done differently?
paying more attention on momentum conditions and SL placing.

7. DS For this Trade: 0
8. DS Running Total: 0/1

 
 

[zsizsa]

1. Trade Number: B1 T2
2. Date/Time: 2021.01.28
3. Symbol/TF: DE30
4. Signal Type / Direction : Setup 1 LONG

5. Questions Before Trade is Taken:

a) How do I feel before setting the order? (explain in one or two sentences how you feel - refer to your emotions)
I felt confident about it. I was watching it developing from the start of wave 3.

b) Intuitive Signal?
The only factor what made me nerveous that we were at NEO. And I was affraid about the possible choppiness.

c) Is this technically The Setup 1?
I think it is. On M5 the trend and the PB looked nice. On M1 AO started to cross the ZL upwards. BOX was narrow (15 points). Green dot appeared and trade was trigered.

6. Post Trade Questions:
a) How Do I feel after closing the trade (or end of the session for Day Traders)?
I'm mad at myself. First I broke a rule at the beginning. I have modified my R/R from 1 to 2. 

b) Have I done well and why?
I think the Setup 1 was ok. SL was placed below the box which prevented me from a close stop out.

c) Have done badly and Why?
I'm in stage 1. I should use 1R for TP.

d) What Could I have done differently?
paying more attention on NEO

7. DS For this Trade: 1
8. DS Running Total: 1/2
 

[immy]

Hi Everyone,

my name is Zsigmond. I am a 35 year’s old father and husband from Hungary. 
My relationship with trading has a long history, but unfortunately I did not have too much success in it. During the years i tried trading with stocks, forex and options. I studied a lot. But there were a lot of missing parts like how should i find my edge in the market, how should i master to be a disciplined and consistent trader.

I am studying Immy’s material since October 2020 and it stands out that it is different than any other course that i came across. 

I started my trading carrier at a Hungarian brokerage company as an analyst when i was 23 years old. It is funny when you start working on this field you start expecting, especially in the beginning that you will learn all the knowledge what you will need to be a good trader. 
But you will not!!! As an analyst my job was to be a similar talking head as anyone else in that position. As time passed, I realised that no one cares about your opinion about the market. Your job was to comment the market movements after they happened and find some story to it even if it was not well-founded. I was a marketing/sales person. I felt that the whole thing is a bad joke, nothing else.

But my dream was to be a full-time trader whose passion is his profession. I will do my best to get there.
I will use my live account for my T20 journal. My R will be 0.1%.
 
 Pairs: Dax Only
- Time Frame: M1 (M5)
- Only setup 1
- R:R = 1:1
- Exit rules: I will exit at 1R
 

 

Hello!!! Zsizsa 

Nice to have read your intro. I was just writing in my discord channel that I love reading people's journals and especially the first introductory post. I certainly enjoyed reading yours and I thank you for that. 

You have already taken the first steps towards becoming a consistently disciplined and profitable trader. Keep it up

cheers 

 

[zsizsa]

1. Trade Number: Batch1 Trade no. 3.
2. Date/Time: 2021.02.08.
3. Symbol/TF: DAX30
4. Signal Type / Direction : Setup1 - SHORT

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? (explain in one or two sentences how you feel - refer to your emotions) [This question is about your emotional response] 
Well. i was not so calm at that moment, because i made some (two) stupid trades before, which were based on LOBOT. But to be frank i'm far from that experience level for now. Overall those two trades gave me a BE, but it was enough to make me uncomfortabel.
b) Intuitive Signal?

c) Is this technically The Setup 1?
I think yes. On the m5 chart on the left, the trend is to the down side with open gators and it was in a 5 candle PB. On the m1 a beautifull S1 was forming. We had a 3 down and a 4th wave up. The AO crossed the ZL to the upside and later when the priceaction returned below the gators it came close to the ZL. At that point it formed an S2 as well. I put the pending order below the amis box. Breaking that level would triger my entry. SL was above the gators and not the box highs (box was too big).

6. Post Trade Questions:
a) How Do I feel after closing the trade (or end of the session for Day Traders)?
I do not feel myself comfortably. I was nerveous about the thight SL. I had no idea if i was doing it well.
b) Have I done well and why? The setup was ok. Money and risk management confused me.

7. DS For this Trade: 0 because of the SL level.
8. DS Running Total: 2/3

 

Trade_no3.JPG

 
 
 
 

[zsizsa]

1. Trade Number: Batch1 Trade no. 4.
2. Date/Time: 2021.02.08.
3. Symbol/TF: DAX30
4. Signal Type / Direction : Setup1 - SHORT

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? (explain in one or two sentences how you feel - refer to your emotions) [This question is about your emotional response] 
I felt a litle mixed. As I wrote in trade 3, i was not so calm in the morning, because i made some (two) stupid trades before, which were based on LOBOT. But to be frank i'm far from that experience level for now. Overall those two trades gave me a BE, but it was enough to make me feel uncomfortabel.
After that I had a winner S1 but i felt confused of the Risk management. It is an important info too that in the chatroom we recieved a heads-up earlier from Immy and it gave some confidence for me. And i'm not sure, if i would have recognise the S1 without Immy. 
But this time it was my own trade. And i felt uncertain.

c) Is this technically The Setup 1?
I think yes. It was verry simmilar to the other trade that i took in the morning. On the m5 chart on the left, the trend is to the down side with open gators and it was a multiple candle PB. Because of this i waited with my orderplacement. I waited for a bigger red candle. And it has arrived a few candels later plus it gave a red dot too at candle close.
On the m1 this 5 times HTF pull back was a beautifull S1. We had a 3 down and a 4th wave up. The AO crossed the ZL to the upside and later when the priceaction returned below the gators it came close to the ZL. After the 5 minute candle closed and gave the red dot, the m1 chart formed an S2 with open gators and a walz pattern with a doji as well. Overall it looked beautifull.
I put the pending order below the amis box. Breaking that level would triger my entry. SL was above the doji candle where the orange box is and not the box highs (box was too big).

6. Post Trade Questions:
a) How Do I feel after closing the trade (or end of the session for Day Traders)?
I do not feel myself comfortably. I was nerveous about the thight SL. I had no idea if i was doing it well.
When i was placing my orders the whole context was not obvious for me as it is now. I need to gain more experience.
 
b) Have I done well and why? The setup was ok. When PA reached 1R i pulled the SL to BE. After that it was a risk free trade.
Money and risk management confused me.

7. DS For this Trade: 0 because of the SL level.
8. DS Running Total: 2/4

DAX trade_02_08.JPG

 
 

[Dave]

Welcome Zsigmond!

[zsizsa]

1. Trade Number: Batch 1 Trade 5
2. Date/Time: 2021.02.09
3. Symbol/TF: DAX 30 M1
4. Signal Type / Direction : SHORT

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? 
I felt well. The last two trades gave me some confidence.

b) Intuitive Signal?
I thought it will be fine. I had only two factor which made me a little nerveous. That was the flatening PA on the 5xHTF and on the m1 purple was far a litle.

c) Is this technically The Setup 1?
It look so. AO Crossed the ZL  to the upside and started to turn back to the downside. Gators were inside the tight box and sleeping. Red dot appeared as well.

6. Post Trade Questions: 
a) How Do I feel after closing the trade (or end of the session for Day Traders)?
I'm angry at the moment. Did not payed enough attention on the 5xHTF and on the purple line on the M1 chart (it was too far, now i know). It stoped me out (orange box).


7. DS For this Trade: 0
8. DS Running Total: 2/5

DAX_S1_SHORT_2021_02_09.JPG

 
 
 
 
 

[immy]

1. Trade Number: Batch1 Trade no. 4.
2. Date/Time: 2021.02.08.
3. Symbol/TF: DAX30
4. Signal Type / Direction : Setup1 - SHORT

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? (explain in one or two sentences how you feel - refer to your emotions) [This question is about your emotional response] 
I felt a litle mixed. As I wrote in trade 3, i was not so calm in the morning, because i made some (two) stupid trades before, which were based on LOBOT. But to be frank i'm far from that experience level for now. Overall those two trades gave me a BE, but it was enough to make me feel uncomfortabel.
After that I had a winner S1 but i felt confused of the Risk management. It is an important info too that in the chatroom we recieved a heads-up earlier from Immy and it gave some confidence for me. And i'm not sure, if i would have recognise the S1 without Immy. 
But this time it was my own trade. And i felt uncertain.

c) Is this technically The Setup 1?
I think yes. It was verry simmilar to the other trade that i took in the morning. On the m5 chart on the left, the trend is to the down side with open gators and it was a multiple candle PB. Because of this i waited with my orderplacement. I waited for a bigger red candle. And it has arrived a few candels later plus it gave a red dot too at candle close.
On the m1 this 5 times HTF pull back was a beautifull S1. We had a 3 down and a 4th wave up. The AO crossed the ZL to the upside and later when the priceaction returned below the gators it came close to the ZL. After the 5 minute candle closed and gave the red dot, the m1 chart formed an S2 with open gators and a walz pattern with a doji as well. Overall it looked beautifull.
I put the pending order below the amis box. Breaking that level would triger my entry. SL was above the doji candle where the orange box is and not the box highs (box was too big).

6. Post Trade Questions:
a) How Do I feel after closing the trade (or end of the session for Day Traders)?
I do not feel myself comfortably. I was nerveous about the thight SL. I had no idea if i was doing it well.
When i was placing my orders the whole context was not obvious for me as it is now. I need to gain more experience.
 
b) Have I done well and why? The setup was ok. When PA reached 1R i pulled the SL to BE. After that it was a risk free trade.
Money and risk management confused me.

7. DS For this Trade: 0 because of the SL level.
8. DS Running Total: 2/4DAX trade_02_08.JPG
 
 

 

Answer 

[immy]

1. Trade Number: Batch 1 Trade 5
2. Date/Time: 2021.02.09
3. Symbol/TF: DAX 30 M1
4. Signal Type / Direction : SHORT

5. Questions Before Trade is Taken:
a) How do I feel before setting the order? 
I felt well. The last two trades gave me some confidence.

b) Intuitive Signal?
I thought it will be fine. I had only two factor which made me a little nerveous. That was the flatening PA on the 5xHTF and on the m1 purple was far a litle.

c) Is this technically The Setup 1?
It look so. AO Crossed the ZL  to the upside and started to turn back to the downside. Gators were inside the tight box and sleeping. Red dot appeared as well.

6. Post Trade Questions: 
a) How Do I feel after closing the trade (or end of the session for Day Traders)?
I'm angry at the moment. Did not payed enough attention on the 5xHTF and on the purple line on the M1 chart (it was too far, now i know). It stoped me out (orange box).


7. DS For this Trade: 0
8. DS Running Total: 2/5DAX_S1_SHORT_2021_02_09.JPG
 
 
 
 
 

 

This is a Big FAT DS0 for a Beautiful Trade... Simply because you are Stage 1 and you have to LEARN TO STICK TO YOUR PLAN. The first post of your journal says, SETUP 1 ONLY. 

cheers