Sam's H1 Journal - Mock Challenge

Start a Trading Journal - Start Posting Your T20 Trades Here.
Tips for First Post: Start with personal introduction, share your story, your future plans.
Use Template Prodvided for Recording Trades.
fxsam
Posts: 778
Joined: Mon Apr 16, 2012 7:09 am
10

Re: Sam's H1 Journal - Mock Challenge

Unread post by fxsam »

Challenge 3

fxsam
Posts: 778
Joined: Mon Apr 16, 2012 7:09 am
10

Re: Sam's H1 Journal - Mock Challenge

Unread post by fxsam »

Trade Number |  1
Pair | NAS100
Entry Signal | 25-05-22 | 13.00 (Chart Time)
Risk % | 1
Result | -1
First trade resulted in loss. Let's walk through questions and post analysis.

Rule 1 - Is there an Impulse Wave ?
Ans - Yes/No. 10:00 was trend candle, 11:00 had a wick and 12:00 was pinbar. Price bounced off from previous day left level.

Rule 2 - Is the Impulse move climatic ?
Ans - No.

Rule 3 - Is there a clean one-legged pullback ?
Ans - yes 

Rule 4 - Is pullback Impulsive ?
Ans - No

When i was reflecting on this trade i noticed two of my mistakes. 1) it wasn't clean impulse wave 2) Pullback wasn't nice and i just got entered on number 1 signal. The setup was missing second pullback candle. 

Score - DS 0
Setup Score (Out of 10) - 4
 
 
 
You do not have the required permissions to view the files attached to this post.

fxsam
Posts: 778
Joined: Mon Apr 16, 2012 7:09 am
10

Re: Sam's H1 Journal - Mock Challenge

Unread post by fxsam »

Trade Number |  2
Pair | EURUSD
Entry Signal | 31-05-22 | 08.00 (Chart Time)
Risk % | 1
Result | 3R
Saw this EU trade after nice trend candle. Let's put this through flow chart.
Rule 1 - Is there an Impulse Wave ?
Ans - Yes. candle 03.00 was trend candle broke previous swing lows. 04.00 created lower low but it was sort of pinbar. There was nice pullback of 2-3 candles after that. 08.00 pinbar was confirmation so i placed my PO

Rule 2 - Is the Impulse move climatic ?
Ans - No

Rule 3 - Is there a clean one-legged pullback ?
Ans - yes 

Rule 4 - Is pullback Impulsive ?
Ans - No

Trade hit the target of 3R. Overall i am happy with execution.  

Score - DS 1
Setup Score (Out of 10) - 7
You do not have the required permissions to view the files attached to this post.

fxsam
Posts: 778
Joined: Mon Apr 16, 2012 7:09 am
10

Re: Sam's H1 Journal - Mock Challenge

Unread post by fxsam »

Trade Number |  3
Pair | EURJPY
Entry Signal | 31-05-22 | 12.00 (Chart Time)
Risk % | 1
Result | -1
So I noticed EUR was hot yesterday and Euro pairs were moving. I took this trade after EU hit BE to mini minimize exposure. 

Rule 1 - Is there an Impulse Wave ?
Ans - Yes. EJ was in uptrend on h1, but rejection came around 03:00. 2-3 bearish candles formed after that.10:00 was trend candle but had a wick. i considered that as imulse move.

Rule 2 - Is the Impulse move climatic ?
Ans - No. It wasn't.

Rule 3 - Is there a clean one-legged pullback ?
Ans - yes. There was perfect two candles pullback and signal came in form of Cherry around 12:00 

Rule 4 - Is pullback Impulsive ?
Ans - No

Bit unlucky here as 13:00 bar spiked up first and kicked me out. My SL was above 11:00 bar. It continued down about 1R then sharply reversed. I was 3% up with EU so not much damaged on account. 

Score - DS 1
Setup Score (Out of 10) - 6
You do not have the required permissions to view the files attached to this post.

fxsam
Posts: 778
Joined: Mon Apr 16, 2012 7:09 am
10

Re: Sam's H1 Journal - Mock Challenge

Unread post by fxsam »

Trade Number |  4
Pair | SpotCrude
Entry Signal | 01-06-22 | 01.00 (Chart Time) | H4 
Risk % | 1
Result | -1
Tried this trade from H4. It was my first H4 trade.

Rule 1 - Is there an Impulse Wave ?
Ans - Yes. Yesterday 17:00 bar.
Rule 2 - Is the Impulse move climatic ?
Ans - No. It wasn't.

Rule 3 - Is there a clean one-legged pullback ?
Ans - yes. There was perfect two candles pullback. There was no Banana Signal. Only Seed signal was available when price pulled back. 
Rule 4 - Is pullback Impulsive ?
Ans - No

My post analysis suggesting only one mistake as there as no Banana signal but Seed. My entry was based on Seed but pattern was perfect.
Looking forward to someone's feedback here specially @iMi. 

Score - DS 0
Setup Score (Out of 10) - 6
 
Image
 
You do not have the required permissions to view the files attached to this post.