Immy's Corner [The Setup The Hunt - T20's and more]

[immy]

If someone was to ask me, "how do you make entries into the market" I'd say this

I have 3 ways to get into the market
1. Classic S1 entry (I try to take this in the direction of 3 or 5x HTF Trend)
2. The Seed (in the direction of the current time frame, i.e. Gator)
3. The Fruit ( at the peak of Wave 2, Wave 4 or Wave 5)

I also have 3 ways to Get out of the market
1. Target Point Hit (based on Fib Expansion and AIMS levels to the left- Simple Stuff)
2. Stop Close on Green/Red Line (Moving Average Trailing Stop)
3. Candles or AIMS boxes Trailing Stop Loss Hit.

(Never Get in or Get out of the market without a certain reason/s)

[francisrama]

If someone was to ask me, "how do you make entries into the market" I'd say this

I have 3 ways to get into the market
1. Classic S1 entry (I try to take this in the direction of 3 or 5x HTF Trend)
2. The Seed (in the direction of the current time frame, i.e. Gator)
3. The Fruit ( at the peak of Wave 2, Wave 4 or Wave 5)

I also have 3 ways to Get out of the market
1. Target Point Hit (based on Fib Expansion and AIMS levels to the left- Simple Stuff)
2. Stop Close on Green/Red Line (Moving Average Trailing Stop)
3. Candles or AIMS boxes Trailing Stop Loss Hit.

(Never Get in or Get out of the market without a certain reason/s)

Just less than 10 lines...worth $$$...well rather PRICELESS!!! GUYS STICK THESE LINES SOMEWHERE? LEARN THEM BY HEART!!!!!

Thx once more Immy...
KR

[immy]

If someone was to ask me, "how do you make entries into the market" I'd say this

I have 3 ways to get into the market
1. Classic S1 entry (I try to take this in the direction of 3 or 5x HTF Trend)
2. The Seed (in the direction of the current time frame, i.e. Gator)
3. The Fruit ( at the peak of Wave 2, Wave 4 or Wave 5)

I also have 3 ways to Get out of the market
1. Target Point Hit (based on Fib Expansion and AIMS levels to the left- Simple Stuff)
2. Stop Close on Green/Red Line (Moving Average Trailing Stop)
3. Candles or AIMS boxes Trailing Stop Loss Hit.

(Never Get in or Get out of the market without a certain reason/s)

Just less than 10 lines...worth $$$...well rather PRICELESS!!! GUYS STICK THESE LINES SOMEWHERE? LEARN THEM BY HEART!!!!!

Thx once more Immy...
KR

Me too!

[immy]

Update.. Wave 5 4 pips shy of TP1 but it surely is Wave 5... 1.5% locked see what happens

[zainfakhan]

I was in this trade too, attached chart. B-)

But i think my Fib expansion level was different than yous, as ewaves indicator selected the previous peak. anyways but the trade was in good profit.

it was a tough task to stay in the trade so long but it paid itself.

[immy]

I was in this trade too, attached chart. B-)

But i think my Fib expansion level was different than yous, as ewaves indicator selected the previous peak. anyways but the trade was in good profit.

it was a tough task to stay in the trade so long but it paid itself.

Nice one Zain!

Here is my Monday am punt! was here for a while so I thought lets have a looksie! found this, a technical Break even trade...

[zainfakhan]

I was looking at that trade but didnt trade as the pip range was too small.

Trailing AIMS is favorite too. Only thing which gets me out of a big trend is a PC , on which i enter again.

after almost 3 months of reading you forum and seeing your example i have got to know that patience is the key with this strategy.

[immy]

I was looking at that trade but didnt trade as the pip range was too small.

Trailing AIMS is favorite too. Only thing which gets me out of a big trend is a PC , on which i enter again.

after almost 3 months of reading you forum and seeing your example i have got to know that patience is the key with this strategy.

Not with this strategy, patience is THE KEY!

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical (technical) formations and patterns recur on a constant basis. The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader." Jesse Livermore

[immy]

I was looking at that trade but didnt trade as the pip range was too small.

Trailing AIMS is favorite too. Only thing which gets me out of a big trend is a PC , on which i enter again.

after almost 3 months of reading you forum and seeing your example i have got to know that patience is the key with this strategy.

Not with this strategy, patience is THE KEY!

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical (technical) formations and patterns recur on a constant basis. The game of speculation is the most uniformly fascinating game in the world. But it is not a game for the stupid, the mentally lazy, the person of inferior emotional balance, or the get-rich-quick adventurer. They will die poor.Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader." Jesse Livermore

He further says..
"Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend. A prudent speculator never argues with the tape. Markets are never wrong opinions often are. Few people succeed in the market because they have no patience"

[zainfakhan]

All the above are golden words. You are right Patience is the key.