The Holistic Approach

1BE 1Looser 1BadWinner(only 1:1 on bad trail) 1 Winner

Grade of Trading:
3

No Videoreview today:

Todays LIVESTREAM:
https://www.youtube.com/channel/UCKH...8soI3WMGw/live

Only 1 Trade (scratch) today. Wasnt on the screen for my prime trade as anticipated in the livestream...

+26$

After not having a trade on for 1,5 Days I had a little FOMO in the afternoonsession again and took almost all trades outside my plan:
-568$

Pretty much back to the start at 49869$ accountbalance.

Good Trading today in Gold and ES but got chopped up in crude.

+21$

How to identify golden Opportunitys:

I will be on vacation for the next 2 weeks from 2morrow on. Safe trading and lots of profits for you guys.

READY TO RUMBLE

Welcome back guys! Havent posted for quite a while. I already have 3 Tradingdays in after my vacation and am up 1,3k. Its alot easier now since i am not on a 1Lot anymore.



What I want to do after each Tradingsession is a reviewsegment written down in an excelsheet. It has to include all Trades, pointing out what worked best for me today and what did not work out well and what i want to improve for the next trading day.

If you are a developing trader i can only recommend doing it every single day. You will start to see huge improvements in the next couple of weeks. PROMISE!

Here is an example out of my Trading review:
Date
16.06.2020
Product
WTI Crude:
Crude showed potential for a Trendday after we broke above 37.70 - Looking for Longs only - Tested the Waters early on little Risk trying to buy dips with 3 Tick stops "predicting" 1Tick fail pattern - 0/3 - After waiting for Pattern with Confirmation i was able to add and scale off again after momentum faded. NOT NECESSARY. Runner was taken out on trail instead of letting it hit target - missed out on at least 30 Ticks | +33 Ticks for the Day

Gold:
Gold showed potential for a balanced Day - Saw Higher-Low Pattern in an important Area but only managed to get on half - market returned but did not invalidate my trade - i still got out at break even instead of adding! Would have worked out perfectly with overnight VPOC as Target! MISSED OUT ON BIG OPPORTUNITY! Missed out on a big move after seeing big sellers wanting to get out at VPOC - Put pattern in my Playbook and observe for next Time
2nd Trade got in on a Shakeout-Breakout-Pattern with full size- missed Target by 1 Tick out at break even - did the right thing!
3rd Trade scalp setup with Big buyers stepping in ahead of my zone - market grinded its way into my zone bought on zipper breakout to upside managed to get out for 1:1 after huge seller jumped in ahead of my target - did the right thing!

Positives:
Great Entrys on almost all Pattern. Very patient Trading. No FOMO after missing out.

Improvements:
Try to get in with full Size if market gets directional - dont scale too early (if at all) and hold into Targets no matter what happens!
STOP TRAILING AGGRESSIVE YOU F****** IDIOT!

Here is the Reviewsegment for full transparency. We finished the first half of the Tradingevaluation - 1550$ more to go and i call myself the owner of a 50k account and proved that my style of trading is profitable! Lets enjoy the uncertainty!



Trading Review:

Date
17.06.2020
Product
WTI Crude:
Crude had a big push to the upside in the morningsession so long only for me - got in on flag pattern but got chopped up -30ticks - in hinsight there was no buy support anymore and it was above pDays VAH- i should have traded it like the BigPlayersUnwindPattern but it wasnt super obv - dont feel too bad | 2nd Trade Buying below VWAP on a higher low pattern with full size - got 2 great scaleouts for at least 1:1,5 and was able to add once -left runner into next clear resistance - +65

Gold:
Gold showed potential for a balanced Day - bought twice on Shakeoutfakeout pattern for a break to the Upside on little risk -22 | After seeing a big move down into support and a bounce back into resistance i was tempted to trade eighter higher low or lower high pattern but saw bigger selling pressure on a HVN so decided to take the short into pweeks VPOC - given the mixed feelings i decided to put on half only -after we broke important level moved to BE according to my 1Lot rules - taken out on break even but added the Pattern now to my playbook and implemented special rules for that play- pissed because i missed the real move to the downside got long like a monkey twice outside of my Tradeplan - 40 | Legit Long after we broke back above a zone of mine. Traded Higher-Low Pattern with half because of prior loss and against Trend - +23 |

Positives:
Explored and worked on new pattern i saw the last couple of days - feel ready to trade it properly now!
Higher Low/ Lower High pattern seems to be the A+ Trade in Crude so far!

Improvements:
Improve Mindset after loosing and missing out on the big move on the new pattern - dont be upset for the BE it just didnt work today!
Dont try to win big early in the Day - maybe consider go back to first Trade 1lot - if winner take on more size and so on!
Dont be afraid to add once trade goes your way!
Eliminate some "feeler" Trades that are just not there - YOU HAVE TO TAKE ON RISK TO WIN!



I highly encourage you guys to write down a similar Text in your Tradingjournal - it will boost your confidence and therefore take away the "fear" of loosing! It also works as a reminder that you are human and have to deal with certain emotions while trading and might help you to reflect and get rid of the monkeytalk in your mind while in a trade.
Also work on your setups every day. the market does change from time to time so stay on top of your (technical) game as well!

Cheers and good night!

Have to leave now so no Review post today. already did it in my excel sheet - so should you!

Review of Yesterday. It is super improtant to read through it prior you start your trading Day!

Date
18.06.2020
Product
WTI Crude:
Crude had a nice push on big buying in the morning after we came back to vwap i was taking antoher "feeler" Trade with no pattern confirmation - instant punished by news on 35 tick slippage stop (pretty rediculous for Futures Trading - almost never happend but they dont want to make it easy for ppl completing the challenge) ! Maybe that will help to stop predicting pattern before they are actually there! | -35 2nd trade 1 tick falure above yd high got the Pattern right just didnt work out -17

Gold:
Gold had a bShaped Profile after pushing back again into yesterdays High - Looked like Longliquidation and i saw bigger buyers stepping in at ONVPOC - Got in in Higher low pattern and let the Trade just run out not trailing my stop too tight- primary Target was ON High but once we flagged below ONHigh i expected a bigger push into at least 1743 Area - got an easy fill after we broke above 1740.0 - very proud of myself to not chicken out while monkey in my head just said TAKE PROFIT TAKE PROFIT! +75 Ticks instead of +40! After this Win I felt too good about the Day and "unconciusly" decided in my head that i shouldcall it a day - super unprofessional and lead to missing out on at least 1 more big winner on a clear setup...

Positives:
Taking my A+ Setup on Gold without hesitation!

Improvements:
Dont Value a trade to be good if it is a Winner and bad if it is a looser. A good Trade is within your Riskparameters on good Risk/Reward getting in on a signal/pattern. Period! The outcome doesn´t matter at all!

today on the wrong side of the market in gold but got crude right. Did fight the trend in Gold late after i got it right in the first place but got stopped out on the pattern...! stupid...

Date
19.06.2020
Product
WTI Crude:
Crude was trending up all day - missed a clear opportunity in the morning but got one in the afternoon onhigher low pattern in my zone - pinpointing Target +35

Gold:
Gold trended up the whole overnight session on light volume though - decided to trade to the long side from vwap on rubber band pattern on half and add if market goes my way - market took me out by 1 tick before moving higher -15 decided to take another stab above vwap once we bounced was able to add one more 5 ticks above my stop for a very good average entry went in my direction but no fill -25 | saw bigger players unwinding on pVPOC took the short got great entry all my parameters met - let the market do its thing - didnt work -15 Saw bigger players unwind again in a zone and a big push on heavy selling down got in on the pullback for bestprice - again all parameters met but still -15

SP500:
got in on a higher low pattern after we pushed higher the whole euro session watching mid targeting ON High - took 12 ticks vs 8 ticks risk on big seller frontjumping my target - got in on another Higher low pattern for basically free trying to hit the homerun if we can push above session mid into ON high - -10ticks

Positives:
No feeler Trades in Crude anymore! Excellent trading the patterns and let them run out - unfortunately against the intraday Trend!

Improvements:
After reviewing Gold I realised i missread the market completely and missed to identify a very important over/under Zone to the Markets. Once we broke it i should have looked for longs only as in my Tradingplan - The losses in Gold are because of a lack of preparation to be honest! I did not follow my daily routine today because i got to the screens a litte late and was distracted early!
I also did not realise that the Volume on Crude was above average so i should have focused on Crude first!!!

Remember the Daily Routine:
1. Adjust Zones after the Close
2. In the morning check Calendar for major economic News
3. Look at overnight Volume and Priceaction- Focus on the Product that has clearly more Volume OR the easier read first!
4. Plan the Trade and observe!
5. Trigger according to Plan like a Robot!

Finally coming up with a new educational Video.
I am explaining a new pattern i observed the last month or so.



lots of profits! If you can find this pattern and are trading it i would love you to share your results!

8 Days left!


Review:

Date
22.06.2020

Product:
Gold
Gold traded above avg Volume on a GAP up after consolidation we broke 2 significant support areease - looking for shorts for at least gapclose - saw marketmaker move (stoprun) into vwap and the break below important area - got short for little risk on zipper setup for 5 ticks - wasnt able to hold it longer psycologically - bad because real move happend almost after i took profif - 2nd trade got in with full size after flush-zipper setup scaled ahead of on high and trailed into gap close - got pVPOC as fill and decided to give it about 20 ticks room to go further after we broke another support +43 -bad R:R though- market moved fast so wasnt able to add more | Tried to build position to the shortside in range above support for a big move down with context still beeing in fridays range but from an orderflow perspective no real reason to do it! tried to be smarter than the market and missed a great long opportunity on higher low pattern in my zone for at least 50 ticks

WTI Crude Oil
Crude traded above volume and had a P shape profile after gapdown but push into the highs and consolidate - longs only af we hold the HVN - got in on a scalp and was able to manage perfectly for 1:5 R:R +37ticks tried a short after breaking important support for free look but was not ready to take on enough risk so i got chopped up and payed the (small) price -6 | Once important support held i scalped myself into a position long for a potential sellers queeze into ON high in Pit session got riskfree before bigger sellers jumped in so i have to let the trade run out but i started hoping more than rational thinking! from an orderflow perspective flat better but for a sellers squeeze you need someone to be wrong! worked well but did take Profit at ONVPOC because I had to leave the Screen (Did the right thing although the market moved far) +23

Positives:
Really good Entries with very littly Risk. Improved that by beeing more patient!

Improvements:
Hold on to your first scale a little longer or start adding on the way in my direction. I like the Idea to scale out on momentum in my direction but usually after momentum there will be a continuation anyways so why FOLD! I write this for the 1000th time or so but still could not fix it! Its a psychological issue here because if i am down for the day i stretch my targets on the first scale and that usually digs me out of the hole but also adds more risk! Worth analysing!

7 Days left and still on track:



Daily Review
Date: 23.06.2020
Product:

WTICrude
Crude had above avg Volume got in after missing a higher low pattern for greatest risk reward - playing sellers squeeze on momentum plays -
playing sellers squeeze on momentum plays - managed great R:R felt a little gready on my exit but followed my trailing rules and stayed in the game to let the market do its thing +27 after losing first 1 for -3 – got in on zipper scalps
Trade #2

Gold
Gold traded above avg Volume but in range in value
missed a higher low pattern above the on low for great R:R but didnt chase the market there will be plenty of opportunity
got an opportunity in long on a flag pattern with new zipper entry one missclick -6 one BE 3rd one locken in 23 did not follow trailing rule got taken out +23




Positives
Patient on the Entries for great R:R – Don’t Chase markets there will be plenty opportunitys to make money on great R:R even if you miss the big moves.
KEPT YOUR MORNING ROUTINE AND PREPARATION!
Improvements
Be aware that this zipper pattern might just have worked well today and be random – It can lead to overtrading so develop clear entry rule when to trade it and only trade it there
Observations
Stop getting in too aggressive on the first bounce of an important Level (VPWA - pH/L) - observe and buy on pattern below the first bounce! Be prepared to miss some trades but also it prevents you from getting shaked out like in gold the other day prior the the real move!
Also usually the first bounce/reversal will not make it after momentum so observe pullback for exit or hold

Review:


Product:
Crude traded below Volume below YD Value but Trend still up - Bigger Rotation to the Upside and also bigger opportunity so I decided to trade to the Long side in the morning
4 Zipper trades 1Looser -6 1 Winner +8 on an add for the big move got shaken out but 4th trade got in on the shakeoutbreakout pattern on consolodation and higher low with sipper orders managed to catch the big move and the breakout Target add on another zipper setup with momentum +10 market did not continue
Biggest move of the Day now to the short side so bias is short now - checppoed up twice -12 3rd short after rotationcandle on the candlestick chart target yLow Filled +30 ! tried 1tick failure to the shortside for "free look" BE
AND THEN CAME THE AFTERNOON SESSION:
Completely overtrading the zipper setup micro managed a lot of trades and was overall on wrong side of the market – still had winners as well targets were just not filled and got take out on the trail

Gold traded in a choppy range in the morning we saw a breakout followed by a marketmaker move and fell back to vwap if we break into yd Range i am interested in a short into at least yVPOCif not wider into the 1780 Area
got chopped up for a couple of BE scalps - finally flushed below and important area - got in for +33
saw someone flipping the book at vpwa and days mid tried another short but got stopped out -12 | in the end just really overtraded because i got really bored

Positives
Had the right ideas but seems my zones where off and I got taken out before the big move in my direction – frustrating but not a terrible day
Once I was patient for the market to get into my zone and I traded a planned trade I managed to get great entries for less risk than usual – also implemented adding it just did not work out today

Improvements
The Tradereview has Colums for 6-8 Trades to review – If I have more columns to fill on the Review than IT IS JUST OVERTRADING! Biggest Winner of today is my Broker netting in 320$ commission!
GO BACK TO YOUR A GAME AND ONLY TRADE PREPLANNED TRADES IN YOUR ZONES AND HOLD INTO NEXT S/R or high probability Target. If against the Trend be more conservative with the Targets!
Also be more picky with your entries and more patient!
I think I traded 80% of my Trades still to the Longside although I knew that the sellers have it today! I don’t know what it was but I could not find any Entrypatterns to the shortside. And if I was too stubborn trading them!

For Tomorrow:
I am only allowed to take max. 3 Trades/Product and my daily losslimit is set to 600 (start with 2Lots on the first Trade since it it usually my best one) If its a loss I only have 2 more on 1Lot.

Note to myselft:
GET BETTER BY BEEING MORE SELECTIVE
YOU DO NOT HAVE THE MARKET FIGURED OUT
ENJOY THE UNCERTAINTY

very impressive what you are doing here

Review:


Product:
WTI Crude
Crude tangled around after we borke yd low volume came in traded to the shortside because there was a lot of room

aggressive entry on a pullback for bestprice ready to add if we can hold the 37.36 | added on .34 on another reversal enjoy the uncertainty -40 done for the Day
Trade #2


Gold
Gold Traded on low volume inside Range on a spike up decided to play balance
saw absoption in my zone got in onlower high pattern for ONVPOC - Entry on "failed flag" Taken out -15
Traded Flag into an important Area we broke it and flushed back through BE

Positives
Reached the daily losslimit I set myself yesterday, decided to go big on the big opportunity just didn’t work today. Very happy with my entries – 100% setups good stopplacement good R:R – just didn’t work

Improvements
Could have gotten a better on the 2nd reversal would not have mattered

Observations
I am doing poor to the shortside it seems – I am very hesitant with my entrys and don’t get best price – seems to be a psychological issue – have to observe an train myself better for that matter

What to with all the freetime today

No Trading today! looking forward to end this challenge by the end of next week. Wasn´t expecting it to take that long to be honest. If it takes longer i might have to switch between the challenge and trading my own account. Should make some money for summer holidays (if there are any)! Have a nice weekend!