Paul's T20 Batch 1 Journal

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kxpgtech
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Paul's T20 Batch 1 Journal

Unread post by kxpgtech »

 My name is Paul P, but you can call me Paul.
I just joined AIMS last week.
I have been trading Stocks, options and Forex for more than 20 years, but my results have not been consistent. I joined AIMS because I want to be a more discipline and consistent trader. I spent the first week learning the Setup 1 method. I also started working on my trading plan. My plan is to finish it in the next 2 weeks.
Today I started to practice the T20 Principle on a FTMO $100,000 trial account for 14 days.My goal in this exercise is to change my bad habit and become a better trader.
I am now retired and have time to day trade.
For the T20, I am using US30 with 1min (M1) and 5min (M5) timeframes. I will risk 1% per trade. The Trading strategy is Setup 1.

Trade 1
1. Trade Number: B1-T1 (Batch 1 Trade 1)
2. Date/Time: 11/14/2022 at 8:53 Central Time (16:53 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at the 8:52 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO was near Zero, the box size was 20 comparing with ATR of 24. I placed a Pending Buy order P 33762.91, SL 33721.64, TP 33804.19 at 8:53, Risk % = 1%. The order was filled at 8:55 AM (Houston) and closed at 9:10:44 (17:10:44 FTMO Time) for a profit $1024.93.
Trade 1.png
6.Post Trader Questions: 
a)  I was feeling a bit nervous during the trade, when the price almost hit SL twice before reaching the target.
b) I held on to the trade convinced that I have followed by trade plan and my target would be hit.  I have taken the correct setup and accept the lost. I moved the SL to Breakeven when the price reached 50% of my target.
c) I was a bit struggling adjusting the Position Sizing Calculator and the Internet speed.

7. DS For this Trade: 1
8. DS Running Total: 1 / 1 (100%)

 Trade 2
1. Trade Number: B1-T2 (Batch 1 Trade 2)
2. Date/Time: 11/14/2022 at 9:35 Central Time (17:35 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at the 9:34 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO was near Zero, the box size wass normal. I placed a Pending Buy order at 9:35 P=33790.51, SL=33764.88, TP =33788.60, Risk % = 1%. The order was filled at 9:37:11 AM (Houston) and closed at 10:02 (19:02 FTMO Time) for a loss of $1023.03.
Trade 2.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) When the trade gain ~50%, I was trying to move the SL to Breakeven, but the terminal was frozen.
c) When the platform worked again, a pink dot appeared at 10:02 and I was stopped out with $1023.03 lost.
d) I think that I perfectly follow Setup 1. The trade was not lost if I use trailing SL or Trade Manager.

7. DS For this Trade: 1
8. DS Running Total: 2 / 2 (100%).

Trade 3
1. Trade Number: B1-T3 (Batch 1 Trade 3)
2. Date/Time: 11/14/2022 at 12:03 Central Time (20:03 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at the 12:03 PM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO was near Zero. I placed a Pending Buy order for 23.22 lots P 33867.12, SL 33837.12, TP 33897.97, risk % = 1%. The order was filled at 12:07 PM (20:07 FTMO time) and closed at 12:21 (20:21 FTMO Time) for a profit of $1084.37.
Trade 3.png
 

6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) When the trade gain ~50%, I moved the SL to Breakeven.
c) This trade went smoothly without any problems.
d) I think that I perfectly follow Setup 1. 

7. DS For this Trade: 1
8. DS Running Total: 3 / 3 (100%).

Trade 4
1. Trade Number: B1-T4 (Batch 1 Trade 4)
2. Date/Time: 11/14/2022 at 12:45 Central Time (20:45 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at the 12:03 PM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO was near Zero. I placed a Pending Buy order for 47.98 lots at 33949.48, SL 33928.69, TP 33970.52, risk % = 1%. The order was filled at 12:54 PM (20:54 FTMO time) and stopped out at 13:00 (21:00 FTMO Time) for $1285.86 loss.
Trade 4.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) This trade hit a strong resistance and could not overcome it. After checking M5 chart, I saw that it passed the top of Wave 5 and on the way down. Next time, I will not trade when I see the Brown Line is too far from the Gator and M5 is in Wave 5.
c) I think that I perfectly follow Setup 1, but I did not have experience with the Setup yet.

7. DS For this Trade: 0
8. DS Running Total: 3 / 4 (75%).

Trade 5
1. Trade Number: B1-T5 (Batch 1 Trade 5)
2. Date/Time: 11/14/2022 at 15:18 Central Time (23:18 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at the 15:16 US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, AO is near Zero. I placed a Pending Sell Order 20.15 Lot P 33566.3, SL 33615.61, TP 33520.898, risk % = 1%. The order was filled at 15:24 (23:24 FTMO time) and stopped out at 15:58 (02:58 FTMO Time) for $1029.67 loss.
Trade 5.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) This trade hit filled the order then turned back immediately and never went down until the market close.
c) When the market reopened, the trend continued to go up until it hit my SL. Based on this, I should not trade too late into the market.
d) I think that I perfectly follow Setup 1, but I made mistake trading too late into the market.

7. DS For this Trade: 0
8. DS Running Total: 3 / 5 (60%).

Trade 6
1. Trade Number: B1-T6 (Batch 1 Trade 6)
2. Date/Time: 11/14/2022 at 18:52 Central Time (02:52 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at the 18:48 US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, AO is near Zero. The Box was narrow. I placed a Pending Sell Order 109.98 Lots at P 33597, SL 33585.63, TP 33600.7, risk % = 1%. The order was filled at 18:53 (2:53 FTMO time) and closed at 18:58 (2:58 FTMO) with $1286.71 profit.
Trade6.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) This trade hit 50% profit, I move SL to Breakeven at 18:56 
c) This was the first time I trade the Japanese Open using Setup 1. I loved it.
d) I think that I perfectly follow Setup 1.

7. DS For this Trade: 1
8. DS Running Total: 4 / 6 (67%).

Trade 7
1. Trade Number: B1-T7 (Batch 1 Trade 7)
2. Date/Time: 11/14/2022 at 19:43 Central Time (03:43 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at the 19:37 US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator. The Box was narrow, AO is near Zero. I placed a Pending Buy Order for 48.04 lots at P 33624, SL 33605, TP 33621, risk % = 1%. The order was filled at 19:43 (3:43 FTMO time) and closed at 19:58 (3:58 FTMO) with $48.04 profit.
Trade 7.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) This trade hit 50% profit, I move SL to Breakeven at 19:52. 
c) The market fluctuated around and finally hit my SL for a little profit.
d) I think that I perfectly follow Setup 1. I accepted the SL because it is a part of my trading plan.

7. DS For this Trade: 1
8. DS Running Total: 5 / 7 (71%).


Trade 8
1. Trade Number: B1-T8 (Batch 1 Trade 8)
2. Date/Time: 11/14/2022 at 19:59 Central Time (03:59 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal after trade 7 was stopped out, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO is near Zero. The Box was narrow. I placed a Pending Buy Order for 54.39 lots at P 33632.7, SL 33615.04, TP 33648.78, risk % = 1%. The order was filled immediately and closed at 20:18 (4:18 FTMO time) with $957.26 profit.
Trade 8.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) This trade hit 50% profit, I move SL to Breakeven. 
c) This trade can be considered as a continuation of Trade 7 if I did not move SL to BE. It teaches me that I can always get back to the trade with the right condition.
d) I think that I perfectly follow Setup 1. 

7. DS For this Trade: 1
8. DS Running Total: 6 / 8 (75%).

Trade 9
1. Trade Number: B1-T9 (Batch 1 Trade 9)
2. Date/Time: 11/14/2022 at 20:57 Central Time (04:57 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at 20:52 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO is near Zero, the Box was narrow. I placed a Pending Buy Order for 133.34 lots P 33660.58,   SL 33642.62, TP 33670.22, risk % = 1%. The order was filled at 20:57 CT and closed at 21:05 (05:06 FTMO time) with $1333.40 profit.
Trade 9.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) This trade hit 50% profit, I move SL to Breakeven. 
c) I think that I perfectly follow Setup 1. 

7. DS For this Trade: 1
8. DS Running Total: 7 / 9 (78%).


 Trade 10
1. Trade Number: B1-T10 (Batch 1 Trade 10)
2. Date/Time: 11/15/2022 at 8:02 Central Time (16:02 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at 7:52 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO is near Zero, he Box was narrow. I placed a Pending Buy Stop at 7:58 AM for 16.4 Lots, P 33937.9, SL 33876.83, TP 34009.15, risk % = 1%. The order was filled at 8:02 CT and closed at 8:13 (16:13 FTMO time) with $1031.56 loss.
Trade 10.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) The Setup is OK, but the time is too close to NY Opening. I will never trade 1 hr before NY opening.
c) There is a lot I need to learn.

7. DS For this Trade: 0
8. DS Running Total: 7 / 10 (70%).
 
 Trade 11
1. Trade Number: B1-T11 (Batch 1 Trade 11)
2. Date/Time: 11/15/2022 at 11:42 Central Time (19:42 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 11:40 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, AO is near Zero, the Box was narrow. I placed a Pending sell 18.18 Lots at 33688.0, SL 33733.48, TP 33631.58, Risk 1%. The order was filled at 11:42 CT and closed at 12:15 (20:15 FTMO time) with $1199.38 profit.
Trade 11.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) The Setup is OK, but I did move SL to BE at 50% gain and almost stopped out.
c) The question I have is should I reenter after my SL at BE is hit?

7. DS For this Trade: 1
8. DS Running Total: 8 / 11 (73%).
 
 
Trade 12
1. Trade Number: B1-T12 (Batch 1 Trade 12)
2. Date/Time: 11/15/2022 at 12:48 Central Time (20:48 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 12:45 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator and AO was a little bit above the Zero Line. I placed a Pending sell top 6.92 lots P 33374.47, SL 33519.43, TP 33216.61, Risk 1%. The order was filled at 13:03 CT at 21:03 FTMO time and closed at 21:10 FTMO Time with 1020.01 loss.
Trade 12.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) The Setup is not Setup 1 because AO was not quite near Zero and the Box is too big. The price went down more than halfway and went back up and hit the SL.
c) This time I did not move SL to BE to protect my capital.

7. DS For this Trade: 0
8. DS Running Total: 8 / 12 (67%).
 
Trade 13
1. Trade Number: B1-T13 (Batch 1 Trade 13)
2. Date/Time: 11/15/2022 at 13:56 Central Time (21:56 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at 13:38 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator and AO was a little bit above the Zero Line. I placed a Pending Buy Stop for 9.75 Lots, P 33600, SL 33529.72, TP 33705.54, Risk 1%. The order was filled at 13:56 CT (21:56 FTMO time) and closed at 22:46 FTMO Time with $27.3 gain. 
Trade 13.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) The is Setup 1 because AO was almost near Zero and the Box is small.
c) I moved SL to BE when 50% of the profit was reached.
c) This trade got stopped out with very little profit. However, this is OK because it is part of the trading plan.

7. DS For this Trade: 1
8. DS Running Total: 9 / 13 (69%). 

Trade 14
1. Trade Number: B1-T14 (Batch 1 Trade 14)
2. Date/Time: 11/16/2022 at 5:05 Central Time (13:05 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 5:04 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, and AO was at the Zero Line. I placed a Pending Sell Limit order at 5:05 AM for 44.51 lots with P = 0, SL = 33623.12, TP = 33600, Risk 1%. The order was filled immediately and closed at 5:06 AM for $1045.99 profit.
Trade 14.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) The is Setup 1 because the AO is at Zero and the Box is small.
c) I moved SL to BE when 50% of the profit was reached.
c) This was the fastest trade I made.

7. DS For this Trade: 1
8. DS Running Total: 10 / 14  (71%). 
 
 
Trade 15
1. Trade Number: B1-T15 (Batch 1 Trade 15)
2. Date/Time: 11/16/2022 at 6:00 Central Time (14:00 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 5:59 CT, I checked the M1 Chart and saw the Gator was almost sleeping, Brown Line was above the Gator, and AO was a little bit below the Zero Line. I placed a Pending Sell Limit order at 6:00 AM for 36.68 lots with P = 33561.90, SL = 33588.80, TP = 33532.69, Risk 1%. When the profit was $665.00, I moved SL to a bit below the entry. I was stopped out at 6:13 CT with $14.67 profit.
Trade 15.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) I was not quite sure that this was Setup 1 because the Gator was not completely closed, the AO was a bit below Zero line.
c) I moved SL to BE when 50% of the profit was reached.
d) The trade was stopped out for $14.67 profit
c) Even I don't make money on this trade, but I think sticking to moving SL to BE when I get >50% of the target is a right decision.

7. DS For this Trade: 1
8. DS Running Total: 11 / 15  (73%). 

Trade 16
1. Trade Number: B1-T16 (Batch 1 Trade 16)
2. Date/Time: 11/16/2022 at 6:35 Central Time (14:35 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 6:27 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, and AO was at Zero Line. I placed a Pending Sell Stop order at 6:33 AM for 56.84 Lots, P 33565.90, SL 33593.15, TP 33538.42 at 14:36, Risk 1%. When the profit was $655.00, I moved SL to a bit below the entry. I was stopped out at 7:10 CT with $73.85 profit. After stopped me out, the market reached my target.
Trade 16.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) I may enter too early because at that time, AO just touched the Zero line, but not crossed it yet.
c) I moved SL to BE when 50% of the profit was reached and was stopped out again. After that the market reached my target before turning back.
c) Even I don't make money on this trade, but I still think moving SL to BE when I get >50% of the target is a right decision. However, two stops in a row sow some doubt in my mind about this decision.

7. DS For this Trade: 1
8. DS Running Total: 12 / 16 (75%). 

Trade 17
1. Trade Number: B1-T17 (Batch 1 Trade 17)
2. Date/Time: 11/16/2022 at 9:14 Central Time (17:14 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 9:11 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, and AO was at Zero Line. However, the Box may be too big. I placed a Pending Buy Stop order at 9:12 AM for 17.51 Lots, P 33639.8, SL 33588.39, TP 33737.66, Risk ~1%. It was filled at 9:14 CT and stopped out at 9:15 CT (17:15 FTMO time) for $917.00 lost.
Trade 17.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) I was not sure about this trade because the box was too big comparing with ATR and the M5 chart was very choppy.
c) It turned out that my gut feeling was right. This was not a good trade.

7. DS For this Trade: 0
8. DS Running Total: 12 / 17 (71%). 
 
Trade 18
1. Trade Number: B1-T18 (Batch 1 Trade 18)
2. Date/Time: 11/16/2022 at 9:25 Central Time (17:25 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 9:21 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, and AO was at Zero Line. However, the Box may be too big comparing with ATR. I placed a Pending Buy Stop order at 9:12 AM for 14.8 Lots, P 33630.2, SL 33562.68, TP 33700.016, Risk ~1%. It was filled at 9:25 CT and stopped out at 9:52 CT (17:52 FTMO time) for 987.16 loss.
Trade 18.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) I was not sure about this trade because the box was too big comparing with ATR and the M5 chart was very choppy.
c) I noticed that my PT was above the nearest resistance (15 minute high) at 33666.90. I suspected that the market would retreat after hitting this level. It did and never turned back until it stopped me out.
c) After stopped me out, the market broke the trend and moved down.
d) It turned out that my gut feeling was right. This was not a good trade. 
e) The lesson I learn from Trades 17 and 18 was only take the trade when the box is =< 1ATR or the target is above a nearest resistance, unlet I settle for PT right at this resistance level.

7. DS For this Trade: 0
8. DS Running Total: 12 / 18 (67%). 
 
 
Trade 19
1. Trade Number: B1-T19 (Batch 1 Trade 19)
2. Date/Time: 11/16/2022 at 10:12 Central Time (18:12 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Sell signal at 10:10 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, and AO was near Zero Line. I placed a Pending Sell Stop 26.38 Lots P= 33543.8 SL 33592.91 TP 33505.87 Risk ~1%. It was filled at 10:12 CT (18:12 FTMO time) and stopped out at 10:20 CT (18:20 FTMO time) for 1305.81 loss.
Trade 19.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) I was not sure about this trade because the box was too big comparing with ATR and the M5 chart was very choppy.
c) I noticed that the market was forming a W in the 1M Chart, but I was impatient to wait for a new low before making decision.
d) The lesson I learn from this trade is that I must be cautious and not trade when the market shows a sign of reverse,

7. DS For this Trade: 0
8. DS Running Total: 12 / 19 (63%). 

 
Trade 20
1. Trade Number: B1-T20 (Batch 1 Trade 20)
2. Date/Time: 11/16/2022 at 10:45 Central Time (18:45 FTMO Time).
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 BUY
5. Comments and Feelings at the Time of Taking the Trade: e.g. I saw the Buy signal at 10:41 CT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, and AO was near Zero Line. I placed a Pending Buy Stop 25.04 lots P = 33613.7, SL = 33581.2, TP = 33661.84 Risk ~1%. It was filled at 10:45 CT (18:45 FTMO time). I moved SL to BE when the profit was $600. It stopped out at 11:01 CT (19:01 FTMO time) for $21.65 loss.
Trade 20.png
 
6.Post Trader Questions: 
a)  I was feeling a more confident about this trade and followed it closely.
b) I noticed that the market made a HH and HL after the previous trade, so I entered the trade.
c) When it hits 50% of my target, I move SL to around BE.
d) When it hit about 85% of the target, I was thinking of moving the SL to about 75% but did not do it because the target was so close.
d) I am still wondering that should I use Trailing Stop from now on?

7. DS For this Trade: 1
8. DS Running Total: 13 / 20 (65%). 
 
 
End of Batch 1 Review

It took me 3 days to finish 20 trades. The instrument I used was US30 and the main timeframe was 1M. This timeframe is fast and best suite my personality. 
1. The total DS in this batch is 65%. In this batch, there are 11 winning trades and 9 losing trades.
2. It took me a lot of efforts to follow the instructions and a lot of patience to wait for the correct signals. However, my judgements may be too objective. I need your input to be sure that they are correct. I used to trade with many different types of setups. This time, I had to force myself to use only Setup 1. It was not easy.
3. While doing these 20 trades, I learned that I have to trust the Setup. Many times, I attempted to take profit and run without waiting for the trades to reach the target, but after patiently waiting, the trades reached the targets. However, some of them also got near the target then reverse. I also learned that I still have a lot of FOMOS. I also have a tendency to take all alerts as valid. I also found out that most of my losses came from taking the signals when the AIMS boxes were greater than the ATR. One trade lost due to trading 30 min before US Market opened and other trade 30 min before US market closed.
4. In the next batch, I will avoid trading when the 5M chart is choppy or has no direction. I will also pay attention to the direction of the Wave in 5M chart while trading 1M chart. I will also avoid trading when the box is too big. I will trade at NY open until 11 AM Central Time, then 2 to 3 PM to close remaining trades of the day. I will trade again from 8-10 PM and 6-8 AM the next day. The rest of the time I will do my regular routine and analyze my trades. 
5. This time I traded almost 12 hours a day to observe how the market was doing and how Setup 1 reacted to the fluctuation in the market. I used to trade Supply and Demand and know that Setup 1 is not for SD trades. The last 3 days has a lot of news that caused the market to move up and down abruptly. I tried to avoid trading before the news and wait for the market to return to normalcy to resume trading.  The top News were PPI report on the 15th, Employment and Retail Sales on the 16th. 

My questions for trading the Setup 1 are:
1. Should I use trailing stop in these trades?
2. Do I only use the Brown Line for deciding the trend or also pay attention to other timeframes above the M5 when I trade M1.
3. For Supports and Resistances as well as Supplies and Demands, should I consider that of the 15M, 1H, 4H and 1D timeframes?
4. I believe that what I considered as valid signals in these 20 trades are correct. I would like to receive your input on these.
5. Do you think that I over trade?
6. When I look at the AIMS Box V5.1 setting, I saw two there are two color settings, the AIMS Box color and the Big Box color. I was playing with the colors, and it seems that only the Big Box's color was displayed. What are the differences between the two boxes?
7. In the weekend, I learned the LOBOT method and downloaded the Seed Indicator and the LOBOT Method Template in the following links. When I applied them in the Chart, the Seed Indicator did not work because it was different from the version in the template. When I changed the the version in the template, it still did not work.The Seed Indicator Download Link [CLICK  TO DOWNLOAD]The LOBOT method Template File  [CLICK  TO DOWNLOAD] 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Last edited by kxpgtech on 23 Nov 2022, 01:24, edited 3 times in total.
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immy
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Joined: 22 Nov 2010, 16:46
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Re: Paul's T20 Batch 1 Journal

Unread post by immy »

Hi 

Great work and congrats on starting your journal. Journaling is the missing link for 99% of not yet successful traders... I am yet to see a successful trader who is not in the habit of journaling. 


I wish the screenshots were bigger enough for me to see, I am sure more than 50% of your trades might be incorrect setups.... the setup 1 can hardly produce 2-3 signals a day on US30.  :wave
 

ps: the edge is within the first 2 hrs of  the US Open (for us30) and within the first 2 hours of DAX (if trading european session) . 12 hrs don't have an edge. 
 
 
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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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kxpgtech
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Re: Paul's T20 Batch 1 Journal

Unread post by kxpgtech »

Thanks, Immy.
I will revise the Journal with better images.
Paul
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kxpgtech
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Re: Paul's T20 Batch 1 Journal

Unread post by kxpgtech »

Immy,
I just finished revised all the images in my post. But the AIMS Box did not appear in when I take the Screen Shots.
Thanks.
 
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