The story of Yirbu

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aliassmith
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Re: The story of Yirbu

Postby aliassmith » Wed Jan 25, 2023 11:45 am

Yirbu wrote:Soon I will have to start at a new day job.
At first I was a bit sad that I am not good enough to trade for a living but now I'm primarily focussing on how to make trading work when having a day job.
There will be some different components but the two main components I will try to work out are
1) Trading us30 after 7pm gmt. (that would be the US afternoon session)
2) Trading EU during the London/early US session whenever I can find some time
Both have it's advantages and disadvantages and I can also do both.

I was/am looking into longer tf trades but I am not a big fan of trades that run for a longer time.

One of the things I have been looking into, backtesting and trading are the below ones.
I like trading like this very much, it's relatively easy, most of the trades are done within 15mins and there are a lot of setups.

230125 - EURUSDM1.png


What criteria are you using for entry/exit?
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Yirbu
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Re: The story of Yirbu

Postby Yirbu » Wed Jan 25, 2023 12:46 pm

aliassmith wrote:
Yirbu wrote:Soon I will have to start at a new day job.
At first I was a bit sad that I am not good enough to trade for a living but now I'm primarily focussing on how to make trading work when having a day job.
There will be some different components but the two main components I will try to work out are
1) Trading us30 after 7pm gmt. (that would be the US afternoon session)
2) Trading EU during the London/early US session whenever I can find some time
Both have it's advantages and disadvantages and I can also do both.

I was/am looking into longer tf trades but I am not a big fan of trades that run for a longer time.

One of the things I have been looking into, backtesting and trading are the below ones.
I like trading like this very much, it's relatively easy, most of the trades are done within 15mins and there are a lot of setups.

230125 - EURUSDM1.png


What criteria are you using for entry/exit?


All trades have a pattern like a double top, range structure, break of previous high/low close price and should go with the h1 candle color.
I use the line chart to see if it breaks a previous closing price.

Trade #1 wasn't a good trade (maybe more of a triangle) and #2 was against the candle color but there was a supply zone there.
The other trades were as what the plan is. That's why trade #4 was taken from the new hour as there were earlier entry spots at a better price.


ccEURUSDM1.png
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Re: The story of Yirbu

Postby Yirbu » Wed Jan 25, 2023 3:39 pm

End of the day and it was fun.
And yes, I know I sound stupid; first writing that my trading sucks and then coming back writing I did +25R today.
I guess these are the learning steps.

Now for the chart;
See how there were 2 losing trades at the end of the yellowish rectangle.
Both were shorts at a m5 FVG. Looked good but was against the h1 candle color and in general a quite strong upmove.
Luckily that last trade delivered +5R so I recovered :D

Now what I am trying to figure out is how to spot ranging hours early;
at the lowest point there were 3 losses in a row. At the time I was busy doing some other stuff but if I was 100% busy with trading I would probably have 6 losses in a row.

For now...I'm fine for the day


230125 - EURUSDM1.jpg
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Re: The story of Yirbu

Postby kiwiarian » Wed Jan 25, 2023 6:30 pm

Yirbu wrote:End of the day and it was fun.
And yes, I know I sound stupid; first writing that my trading sucks and then coming back writing I did +25R today.
I guess these are the learning steps.

Now for the chart;
See how there were 2 losing trades at the end of the yellowish rectangle.
Both were shorts at a m5 FVG. Looked good but was against the h1 candle color and in general a quite strong upmove.
Luckily that last trade delivered +5R so I recovered :D

Now what I am trying to figure out is how to spot ranging hours early;
at the lowest point there were 3 losses in a row. At the time I was busy doing some other stuff but if I was 100% busy with trading I would probably have 6 losses in a row.

For now...I'm fine for the day


230125 - EURUSDM1.jpg

What is your winrate so far do you think?
Apologies if you answered it but I couldn't see your exit criteria

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Re: The story of Yirbu

Postby Yirbu » Wed Jan 25, 2023 9:28 pm

kiwiarian wrote:
Yirbu wrote:End of the day and it was fun.
And yes, I know I sound stupid; first writing that my trading sucks and then coming back writing I did +25R today.
I guess these are the learning steps.

Now for the chart;
See how there were 2 losing trades at the end of the yellowish rectangle.
Both were shorts at a m5 FVG. Looked good but was against the h1 candle color and in general a quite strong upmove.
Luckily that last trade delivered +5R so I recovered :D

Now what I am trying to figure out is how to spot ranging hours early;
at the lowest point there were 3 losses in a row. At the time I was busy doing some other stuff but if I was 100% busy with trading I would probably have 6 losses in a row.

For now...I'm fine for the day


230125 - EURUSDM1.jpg

What is your winrate so far do you think?
Apologies if you answered it but I couldn't see your exit criteria


I'm not quite there yet. On single trades I am around 68% which needs to be upped.
I prefer to base my win rate on the trading session as whole instead of single trades but haven't got enough days/sessions to have solid results.
So far it looks good.

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Re: The story of Yirbu

Postby Yirbu » Wed Jan 25, 2023 9:36 pm

Now, this evening I traded my 19:00 trade.
It's dead simple; US30 and a m5 deadhorse. Target the inside bar and trade it.
First trade, one candle after 19:00 candle was an IB and it went ok but I felt there was more...
Second trade I cheated and imagined that bar was an inside bar and targeted the high.

230125 - US30m51900.jpg
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Re: The story of Yirbu

Postby kiwiarian » Wed Jan 25, 2023 9:59 pm

Yirbu wrote:Now, this evening I traded my 19:00 trade.
It's dead simple; US30 and a m5 deadhorse. Target the inside bar and trade it.
First trade, one candle after 19:00 candle was an IB and it went ok but I felt there was more...
Second trade I cheated and imagined that bar was an inside bar and targeted the high.

230125 - US30m51900.jpg

That second trade looks like one of the those stop run raids that Alias has been posting recently. Just a different trigger.

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Re: The story of Yirbu

Postby Yirbu » Wed Jan 25, 2023 10:17 pm

kiwiarian wrote:
Yirbu wrote:Now, this evening I traded my 19:00 trade.
It's dead simple; US30 and a m5 deadhorse. Target the inside bar and trade it.
First trade, one candle after 19:00 candle was an IB and it went ok but I felt there was more...
Second trade I cheated and imagined that bar was an inside bar and targeted the high.

230125 - US30m51900.jpg

That second trade looks like one of the those stop run raids that Alias has been posting recently. Just a different trigger.


It does. Didn't see it before.
The 3th swing also has that..price comes back and takes out the low in search of liquidity, comes back ones more to tap into that fvg and goes up for the last time today.

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Re: The story of Yirbu

Postby Yirbu » Thu Jan 26, 2023 10:00 pm

US30 19:00 IB trade....again.
1st bullet targets the previous high (close price) and second bullet target was the high reached before the second pullback after my entry. (hope that makes sense). Both set and forget because I was having diner :roll:

230126 - US30 M5.jpg
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Re: The story of Yirbu

Postby kiwiarian » Thu Jan 26, 2023 10:56 pm

Yirbu wrote:US30 19:00 IB trade....again.
1st bullet targets the previous high (close price) and second bullet target was the high reached before the second pullback after my entry. (hope that makes sense). Both set and forget because I was having diner :roll:

230126 - US30 M5.jpg

Nice trade, the targets make sense. I like the idea of having dinner and money is being collected into your account at the same time :)

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