Pall's Journal

[Pall_Singh]

Hi there everyone, :-bd

I've decided to start a trading journal so that I can check on my consistency with trading the system.

I would really appreciate if Imran or some experienced AIMSter can comment on my mistakes or show me where I can make improvements.

Unfortunately today' trade did not go so well, especially since there was an add-on. So i made a loss on both entries.

Please feel free to comment, especially if I have made any mistake.

Thanks.

Regards,
Pall

PS:Entries were made after break of yellow line (Aims)

[Pall_Singh]

Hi there,

I hope maybe Imran would be able to comment on my observation.

With regard to the trade that I made earlier which landed up with a loss, is it always necessary to consider the purple line for all cases.

It seems that If I had entered setup 1 after divergence and not waited for setup 1 to occur either above or below the purple line, I would have had entered 2 profitable trades.

But because I had waited for price to go above or below the purple line, not only did I had an initial losing trade, but the purple line also prevented me from entering a superb long entry.

I'm not saying that the purple line is not a good filter but my question is should there be an exception in the case where divergence had occured.

What I mean is that maybe we always use the purple line but make an exception after a divergence (Possible W5) had occured.

Regards,
Pall

[immy]

Hi
Using my phone to answer your question so i'll be short

The setup 1 after divergence on m5 is not against purple since purple is inside the aims box
A setup is a setup is a setup
If you thiught at the time that the setup was not correct and decided to not take it then thefe is no harm done just say next
Many traders start questioning their own rules after such events but trust me if you follow your rules and trade only the best setups you will easily rause your acciunt gradually with consustency

I must say that i admire and appreciate your zeal for learning to trade this strategy im sure you will find your setup very soon

If you wanr you can make your side rules but once you make em u must follow them promptly
We the aimsters have tried and tested all varities of rules n settled for what we have


More on this when i touch ground in birmingham

[Pall_Singh]

Hi there,

Entered trade to go short today after the new york open. I was bias against taking any long entries as I was anticipating W5 in M5 chart. Also higher timeframes M15 & M30 also indicated strongly of downtrend continuation.

I decided to Go short on the first setup after divergence on M1. Unfortunately I ended paying rent on the first entry. (-8pips)

Fortunately my second entry took off and I made a profit of 11pips after exiting on the break of the red candle after the doji. Also news was coming out in a few mins and I decided to exit earlier rather than wait for the blue dot.

So far I believe that consistency and discipline is the key to success. I find that entry is very simple, but the most important part is sticking to the exit rules. The tendency to be in a hoping mood can really increase your losses and even turn winning trades to losing ones.

Cheers,
Pall

[Pall_Singh]

Hi there,

Nice movement today just around 1hr before london opening. Entered long on the break of yellow line (Aims).

Managed to grab 25pips simple and easily. I'm now gaining more confidence trading the system.

Just stick to the simple rules and avoid complicating anything. That will the way to go.

Cheers,
Pall

[Pall_Singh]

Wow,

Another amazing trade just after london opening. This time I trailed each candlestick and exited at +14pips

Cheers,
Pall

[immy]

Spot on Pall , Keep it Up! Well Done