Today, I corrected my Batch 2 of the T20 based on Immy's comments. I also found some typos or missing in some of my writings. From Trade 35, I used Banana Signal instead of AIMS Signal in M5. But left M1 untouched.
Trade 21
1. Trade Number: B2-T1 (Batch 2 Trade 1)
2. Date/Time: 11/17/2022 at 8:55 Central Time (16:55 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 reasonable. I placed a Pending Buy order 23.8 lots at 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.
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 22
1. Trade Number: B2-T2 (Batch 2 Trade 2)
2. Date/Time: 11/17/2022 at 9:18 Central Time (17:17 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: I saw the Buy signal at the 9:18 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 small. I placed a Pending Buy 21.89 Lots at P 33307.6, SL 33364.4, TP 33430.64, Risk % = 1%. at 9:18 AM CT. The order was closed at 9:21 (17:21 FTMO Time) for a profit of $1241. 6.Post Trader Questions:
a) I was feeling a bit nervous during the trade, but the trade went very quick.
b) I moved the SL to Breakeven when the price reached 50% of my target.c) In fact, I happened to take 3 trades at this point due to the problems with my keyboard. This is one of the trades.
7. DS For this Trade: 1
8. DS Running Total: 1 / 2 (50 %)
Trade 23
1. Trade Number: B2-T3 (Batch 2 Trade 3)
2. Date/Time: 11/21/2022 at 5:34 AM Central Time (13:34 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: I saw the Buy signal at the 5:30 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 small. I placed a Pending Buy 83.46 Lots at P 33669.30, SL 33674.67, TP 33684.32, Risk 1% at 5:32 AM CT. The order was filled at 5:34 and closed at 5:46 (13:46 FTMO Time) for a profit of $1241.16 6. Post Trader Questions:
a) I was feeling a bit nervous during the trade, when the price almost hit SL several times before another blue dot appeared and then the price reached the target.
b) I moved the SL to Breakeven when the price reached 50% of my target.
7. DS For this Trade: 1
8. DS Running Total: 1 / 3 (33%)
Trade 24
1. Trade Number: B2-T4 (Batch 2 Trade 4)
2. Date/Time: 11/21/2022 at 7:53 AM Central Time (15:53 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: I saw the Buy signal at the 5:51 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 small. I placed a Pending Buy 80.65 Lots at P 33726.2, SL 33727.06, TP 33738.45, Risk 1% at 7:53 AM CT. The order was filled at 7:53 and closed at 7:56 (15:56 FTMO Time) for a profit of $88.72. 6. Post Trader Questions:
a) I was feeling a bit nervous during the trade, when the price almost hit SL several times before another blue dot appeared and then the price reached the target.
b) I moved the SL to Breakeven when the price reached 50% of my target.
c) The price came close to the target then returned and hit my stop loss.
7. DS For this Trade: 1
8. DS Running Total: 2 / 4 (50%)
Trade 25
1. Trade Number: B2-T5 (Batch 2 Trade 5)
2. Date/Time: 11/21/2022 at 10:27 AM Central Time (18:27 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: I saw the Buy signal at the 10:18 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, AO was near Zero, the box size was small. I placed a Pending Sell order of 26.58 Lots at P 33639.6, SL 33659.12, TP 33601.15, Risk 1% at 10:20 AM CT. The order was filled at 10:27 and closed at 10:57 (18:57 FTMO Time) for a profit of $1116.36. 6. Post Trader Questions:
a) I was feeling a bit nervous during the trade, when the price almost hit SL 4 times before another red dot appeared and then the price reached the target.
b) I moved the SL to Breakeven when the price reached 50% of my target.
c) In this case, the candle at the pink dot was closed outside of the box at that candle, but inside the box appeared when I placed the order. I assumed that the condition was satisfied.
7. DS For this Trade: 1
8. DS Running Total: 3 / 5 (60)
Trade 26
1. Trade Number: B2-T6 (Batch 2 Trade 6)
2. Date/Time: 11/21/2022 at 12:01 AM Central Time (20:01 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: I saw the Buy signal at the 11:59 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 small. I placed a Pending Buy order of 40.71 Lots at P 33685.5, SL 33662.52, TP 33719.06, Risk 1%. The order was filled at 12:01 AM CT and closed at 12:07 (20:07 FTMO Time) for a profit of $ 1388.21. 6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) I moved the SL to BE when the price reached 50% of my target.
c) The dot was green, but the candle was inside of the box.
7. DS For this Trade: 1
8. DS Running Total: 4 / 6 (67%)
Trade 27
1. Trade Number: B2-T7 (Batch 2 Trade 7)
2. Date/Time: 11/22/2022 at 5:36 AM Central Time (13:36 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: I saw the Sell signal at the 5:33 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, AO was a little bit below Zero line, the box size was small. I placed a Pending Sell order of 65.18 Lots at P 33726.70, SL 33745.01, TP 33709.19, Risk 1%. The order was filled at 5:36 AM CT and closed at 5:39 (13:39 FTMO Time) for a profit of $ 1375.3. 6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) I moved the SL to BE when the price reached 50% of my target.
c) The dot was green, but the candle was inside of the box.
7. DS For this Trade: 1
8. DS Running Total: 5 / 7 (71%)
Trade 28
1. Trade Number: B2-T8 (Batch 2 Trade 8)
2. Date/Time: 11/22/2022 at 6:51 AM Central Time (14:51 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: I saw the Buy signal at the 6:48 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO was near the Zero line, the box size was small. I placed a Pending Buy order of 92.22 Lots at P 33784.2, SL 33772.39, TP 33798.41, Risk 1%. The order was filled at 6:51 AM CT and stopped out at 6:55 (13:39 FTMO Time) for a loss of $1115.86. 6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) After analyzing this trade, I realized that the AIMS Box was to narrow. I should use the 5M box to set entry and SL. If I did it, this trade would become a winner instead of looser.
7. DS For this Trade: 0
8. DS Running Total: 5 / 8 (63%)
Trade 29
1. Trade Number: B2-T9 (Batch 2 Trade 9)
2. Date/Time: 11/22/2022 at 7:46 AM Central Time (15:46 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: I saw the Buy signal at the 7:45 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO was near the Zero line, the box size was small. I placed a Pending Buy order of 67.05 Lots at P 33784.2, SL 33832.19, TP 33848.6, Risk 1%. The order was filled at 7:46 AM CT and hit the target at 7:48 AM (15:48 FTMO Time) for a profit of $1139.85. 6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This is a near perfect Setup 1.
7. DS For this Trade: 1
8. DS Running Total: 6 / 9 (67%)
Trade 30
1. Trade Number: B2-T10 (Batch 2 Trade 10)
2. Date/Time: 11/22/2022 at 8:13 AM Central Time (16:13 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: I saw the Buy signal at the 7:45 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, AO was near the Zero line, the box size was small. I placed a Pending Buy order of 67.58 Lots at P 33856.00, SL 33856.09, TP 33864.44, Risk 1%. The order was filled at 8:14 AM CT and stopped out at 8:15 (16:15 FTMO Time) for a loss of $20.27. 6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a not a perfect Setup 1 because the AO was a bit above the Zero line, but near enough to be considered as Setup 1.
c) When 50% of the target was hit, I move SL to BE and it got stopped out before continuing to move up and passed the target.
d) I did not feel bad about this because moving SL to BE at 50% gain is in my trading plan.
7. DS For this Trade: 1
8. DS Running Total: 7 / 10 (70%)
Trade 31
1. Trade Number: B2-T11 (Batch 2 Trade 11)
2. Date/Time: 11/24/2022 at 7:29 AM Central Time (15:29 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: I saw the Sell dot at the 7:28 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, AO was near the Zero line, the box size was small. I placed a Pending Sell order of 111.68 Lots at P 34229.90, SL 34239.2, TP 34219.55, Risk 1%. The order was filled at 7:29 AM CT and stopped out at 7:56 (17:56 FTMO Time) for a profit of $88.72. 6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a perfect Setup 1 because the AO was at the Zero line.
c) When 50% of the target was hit, I move SL to BE and it got stopped out before continuing to move down and passed the target.
d) I did not feel bad about this because moving SL to BE at 50% gain is in my trading plan.
7. DS For this Trade: 1
8. DS Running Total: 8 / 11 (73%)
Trade 32
1. Trade Number: B2-T12 (Batch 2 Trade 12)
2. Date/Time: 11/24/2022 at 9:08 AM Central Time (17:08 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: I saw the Buy dot at the 9:00 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator, but still inside the AIMS Box, AO was near the Zero line, the box size was small comparing with 2ATR. I placed a Pending Buy order of 48.68 Lots at P 34261.44, SL34240.07, PT 34283.29, Risk 1%. The order was filled at 9:08 AM CT and stopped out at 9:33 (17:33 FTMO Time) for a profit of $9.38.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a perfect Setup 1 because the AO was near the Zero line.
c) When 50% of the target was hit, I move SL to BE and it got stopped out before continuing to move down and passed the target.
d) I did not feel bad about this because moving SL to BE at 50% gain is in my trading plan.
7. DS For this Trade: 1
8. DS Running Total: 9 / 12 (75%)
Trade 33
1. Trade Number: B2-T13 (Batch 2 Trade 13)
2. Date/Time: 11/24/2022 at 9:32 AM Central Time (17:32 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: I saw the Buy dot at the 9:32 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was below the Gator and outside the AIMS Box, AO was near the Zero line, the box size was small comparing with 2ATR. I placed a Pending Buy order of 111.95 Lots at P 34267.45 TP 34279.13, Risk 1%. The order was filled at 9:36 AM CT and hit the target at 9:57 (17:57 FTMO Time) for a profit of $1298.62.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a perfect Setup 1 because the AO was near the Zero line.
c) I moved the SL to Breakeven when the price reached 50% of my target.
d) This trade is near perfect Set up 1.
7. DS For this Trade: 1
8. DS Running Total: 10 / 13 (77%)
Trade 34
1. Trade Number: B2-T14 (Batch 2 Trade 14)
2. Date/Time: 11/24/2022 at 11:06 AM Central Time (19:06 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: I saw the Sell dot at the 10:59 AM US Central Time, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator and outside the AIMS Box, AO was at the Zero line, the box size was small comparing with 2ATR. I placed a Pending Sell order of 136.97 Lots at P 34256.16 SL 34262.70 TP 34248.75, Risk 1%. The order was filled at 11:06 AM CT and stopped out at 11:09 (19:09 FTMO Time) for a loss of $41.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a perfect Setup 1 because the AO was at the Zero line.
c) When 50% of the target was hit, I brought the price to BE. It got stopped out when price retraced.
d) Several stopped out like this made me think of not moving the SL to BE in the next set of T20.
7. DS For this Trade: 1
8. DS Running Total: 11 / 14 (79%)
Trade 35
Starting from this trade, I replaced the AIMS Signal with the Banana Signal in M5 Chart as instructed by Immy. I still trade the Setup 1. I used different broker because my FTMO trial expired. The time recorded is GWT. The lot size is 0.01 of 1 as in FTMO. Also from this trade, I no longer restricted profit to 1R but setting it depending on the environments.
1. Trade Number: B2-T15 (Batch 2 Trade 15)
2. Date/Time: 11/28/2022 at 16:08 GWT.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: After a downtrend, the price pulled back and started moving sideways. I saw the Sell dot at 16:03 GWT, I checked the M1 Chart and saw the Gator's mouth was starting to close, Brown Line was above the Gator and outside the AIMS Box, AO was approaching the Zero line, the box size was small comparing with 2ATR. I placed a Pending Sell order of 0.71 Lots at P 34082.00, SL 34128.64, TP 34029.46, Risk 1%. The order was filled at 16:08 and hit target at 17:04 for a profit of $1103.51.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a Setup 2 at the beginning because the Gator was still opened and the AO near the Zero line when the order was placed. However, after the order was taken, it became a Setup 1. I gave this a Zero because, I were not patient enough to wait for Setup 1.
c) When 50% of the target was hit, I brought the price to BE. It got stopped out when price retraced.
7. DS For this Trade: 0
8. DS Running Total: 11 / 15 (73%)
Trade 36
1. Trade Number: B2-T16 (Batch 2 Trade 16)
2. Date/Time: 11/28/2022 at 17:39 GWT.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: After a V-shape pulled back, the price started moving sideways. I saw the pink dot then a Red dot at 17:34 GWT, I checked the M1 Chart and saw the Gator was sleeping, Brown Line was above the Gator, but inside the AIMS Box, AO was near Zero line, the box size was small. I placed a Pending Sell order of 0.43 Lots at P 34073.48, SL 34096.66, TP 34014.90, Risk 1%. The order was filled at 17:39 and hit target at 17:52 for a profit of $2518.85.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a perfect Setup 1.
c) I used the low of the swing low on the left as target and it hit 2.5R easily.
c) When 50% of the target was hit, I brought the price to BE.
7. DS For this Trade: 1
8. DS Running Total: 12 / 16 (75%)
Trade 37
1. Trade Number: B2-T17 (Batch 2 Trade 17)
2. Date/Time: 11/28/2022 at 18:28 GWT.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: While the market moving sideways, I saw a second Red dot at 18:06 GWT. At that time, on the M1 Chart, the Gator was sleeping, Brown Line was above the Gator and outside the AIMS Box, AO was near Zero line, the box size was small. I placed a Pending Sell order of 0.33 Lots at P 33988.46, SL 34019.81, TP 33932.95, Risk 1%. The order was filled at 18:28 and hit target at 18:56 for a profit of $1831.86.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a perfect Setup 1.
c) I used the low of the swing low on the left on 1H chart as target and it hit 1.8R.
c) When 50% of the target was hit, I brought the price to BE.
7. DS For this Trade: 1
8. DS Running Total: 13 / 17 (76%)
Trade 38
1. Trade Number: B2-T18 (Batch 2 Trade 18)
2. Date/Time: 11/28/2022 at 19:23 GWT.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: While the market moving sideways, I saw a Red dot at 19:13 GWT and a Pink dot at 19:21. At that time, on the M1 Chart, the Gator closed its mouth, Brown Line was above the Gator and outside the AIMS Box, AO was near Zero line, the box size was small. I placed a Pending Sell order of 0.39 Lots at P 33887.46, SL 33914.29, TP 33855.57, Risk 1%. The order was filled at 19:23 and hit target at 19:59 for a profit of $1243.91.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was almost a Setup 1.
c) I was not sure how far the price would go, I may use FIBO extension to set the target for this trade. But because this is Setup 1 practice, I decided to take ~1R.
c) When 50% of the target was hit, I brought the price to BE.
7. DS For this Trade: 1
8. DS Running Total: 14 / 18 (78%)
Trade 39
1. Trade Number: B2-T19 (Batch 2 Trade 19)
2. Date/Time: 11/29/2022 at 6:00 GWT.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: I saw a Red dot at 5:55 GWT. At that time, on the M1 Chart, the Gator was sleeping, Brown Line was above the Gator and at the top of the AIMS Box, AO was near Zero line, the box size was small. I placed a Pending Sell order of 1.01 Lots at P 33917.65, SL 33928.12, TP 33903.29, Risk 1%. The order was filled at 6:00 and hit target at 6:13 for a profit of $1449.86.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was a Setup 1.
c) I was using the bottom of 4th AIMS box on the left to set the target for this trade.
c) When 50% of the target was hit, I brought the price to BE.
7. DS For this Trade: 1
8. DS Running Total: 15 / 19 (79%)
Trade 40
1. Trade Number: B2-T20 (Batch 2 Trade 20)
2. Date/Time: 11/29/2022 at 13:30 GWT.
3. Symbol/TF: US30 M1
4. Signal Type / Direction: Setup 1 SELL
5. Comments and Feelings at the Time of Taking the Trade: I saw a Red dot at 13:26 GWT. At that time, on the M1 Chart, the Gator was sleeping, Brown Line was above the Gator and at above of the AIMS Box, AO was near Zero line, the new box was not formed yet. I placed a Pending Sell order of 0.46 Lots at P 33821.66, SL 33845.08, TP 33783.59, Risk 1%. The order was filled at 13:30 and hit target at 13:51 for a profit of $1751.17.
6. Post Trader Questions:
a) I was feeling comfortable with the trade.
b) This was almost a Setup 1, but I used the bottom of the pin bar next to the signal bar as entry target.
c) I used ~2R target.
c) When 50% of the target was hit, I brought the price to BE.
7. DS For this Trade: 0
8. DS Running Total: 15 / 20 (75%)
End of Batch 2 Review
1. The very first lesson I learned in this batch was patience. When I was patiently waiting for the Setup comes to me and deal with it. I won. When I lost my patience, I lost the trade.
2. The second lesson I learn is the reliability of Setup 1. After this batch, I will trade Setup 1 and sometimes Setup 2 exclusively without fooling around with other methods. I will open a Trial FTMO account exclusively for this purpose.
3. After each trading day, I reviewed my trades and realized that most lost trades were due to misunderstandings of the method, I read nd reread the Setup eBook until I found an answer for that. The more I review, the better I know the method.
4, I also learned the power of the trend. Most of my lost trades happened while the 5M chart was in a range or weak trend.
5. I also decided not to trade counter trend from now on.
6. After this batch, I found out that the most effective time for me to trade is from 5:30 AM to 11 AM Central time. From now on, I will trade during this period and study or doing other things after that.
My Questions
1. Many times, I found out that Setup 2 was good for Trend continuation. Should I include Setup 2 in my T20 at this time?
2. Should I change the Gator in 5M to 10 and 20 EMA to make it consistent with the Banana Method?
3. I am learning the Banana method now. Should I also look at the LOBOT method in the Lesson of the Main Webpage? Many things inn there seem old.
Paul's T20 Batch 2 Journal
- kxpgtech
- AIMSter
- Posts: 11
- Joined: 29 Oct 2022, 01:33
- 2
Paul's T20 Batch 2 Journal
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Last edited by kxpgtech on 08 Dec 2022, 14:59, edited 10 times in total.
- immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Paul's T20 Batch 2 Journal
Great work on journaling your trades. thats a good habit.
Trade 32 - Big box - try to filter trades with this rule. Remember, big box = no trade. if the risk is bigger (box hight) then the probability of bigger reward is diminished.
another point, don't count DS as a totlal. Instead count ds per batch. At the end of 5 batches take an average of the 5 batches. This way you get a fresh start if you mess up a batch.
You seem to have grasped the idea of what is the setup 1. Now you can progress towards, cleaner chart and pursue hte HUNT/ Banana method. Start with taking the Entry Alert V5.1 off and replace it with Banana. The spot where you took the Setup 1 on m1, will have a banana signal on the m5 chart... A couple of batches later, you can ignore the setup 1 on m1, shift to m5 chart and take the banana signals.
cheers
Trade 32 - Big box - try to filter trades with this rule. Remember, big box = no trade. if the risk is bigger (box hight) then the probability of bigger reward is diminished.
another point, don't count DS as a totlal. Instead count ds per batch. At the end of 5 batches take an average of the 5 batches. This way you get a fresh start if you mess up a batch.
You seem to have grasped the idea of what is the setup 1. Now you can progress towards, cleaner chart and pursue hte HUNT/ Banana method. Start with taking the Entry Alert V5.1 off and replace it with Banana. The spot where you took the Setup 1 on m1, will have a banana signal on the m5 chart... A couple of batches later, you can ignore the setup 1 on m1, shift to m5 chart and take the banana signals.
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1

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!
- Nikita
- AIMSter
- Posts: 435
- Joined: 19 Dec 2013, 15:04
- 11
Re: Paul's T20 Batch 2 Journal
Hello, Paul.
Amazing execution of Setup trading.
1. Among your trades there were 2 or 3 setups that were technically - setup 2 (1st pull back after after breakout). How do you decide - take it or not?
2. Did your goal is 1:1? If yes - why did you chose such approach?
3. Last few trades were really hard to read. There were no enter and exit points. Or i could find them.
Keep on working, would be nice to see your monthly statistic.
Good luck!
Amazing execution of Setup trading.
1. Among your trades there were 2 or 3 setups that were technically - setup 2 (1st pull back after after breakout). How do you decide - take it or not?
2. Did your goal is 1:1? If yes - why did you chose such approach?
3. Last few trades were really hard to read. There were no enter and exit points. Or i could find them.
Keep on working, would be nice to see your monthly statistic.
Good luck!
Who says we cannot predict, you can, thats not a problem, problem is how you react after you've predicted. (c) Immy
- kxpgtech
- AIMSter
- Posts: 11
- Joined: 29 Oct 2022, 01:33
- 2
Re: Paul's T20 Batch 2 Journal
Nikita,
1. I used 1R for all trades from 1 to 34 because this was recommended for the T2 batches on Setup 1.
2. I did not take the screenshot of Trade 34 after it lost. The screenshot on the report was the Pending Order. Now I don't have it anymore because I used an FTMO trial account, and it was expired last week.
1. I used 1R for all trades from 1 to 34 because this was recommended for the T2 batches on Setup 1.
2. I did not take the screenshot of Trade 34 after it lost. The screenshot on the report was the Pending Order. Now I don't have it anymore because I used an FTMO trial account, and it was expired last week.