Fran's GAZETY

[Dave]

Another excellent post, Fran. Thankyou!

[francisrama]

Another excellent post, Fran. Thankyou!

Thx very much for your so good comments Dave, really appreciated!!!

KR

[francisrama]

October 30, EU adjustment

- Had a look at Eu trade on H4
---> Ewave dropped below ZL, yet price did not move that much, which tend to say that price is in consolidation = price is in "a" wave 4
- I decide to exit EU trade @7+% profit, and redo the counting
- Chart below
- Looking after sub wave 5 (per my chart) ---> AIM at going LONG on EU

eurusd-h4.png

Note: AU seems very very ripe as well to go LONG

Comments
- This is one of the very exciting part of chaos = everything moves in chaos, you have to find the "order of chaos"...I feel like Horatio (Miami Experts ))) tracking the "culprit"!!!
- Also finding the wave is just one part. You must wait for an AIM set up in direction of your count! Did I say again PATIENCE??? (angel)

KR

[francisrama]

October 30,after FOMC trade

- make use of Immy's after news strategy
- chart below (self explanatory)

eurusd-m5.png

Comments
- Afterwards I said to myself that I should not have exited this trade earlier...Yet the reason why I exited is grounded, so NO REGRET!!!!
- After news, if price moves brutally one way, then retraces to a FIBO %, it is good to step in for a profitable trade (thx very much once more Immy!!!)
- my ECHF ans UJ long trades (still running) = both EXCELLENT trades so far!!!!

KR

[francisrama]

October 31, day trade

- exit ECHF @11% profit (price crossed RED)
- UJ retraced sharply, but still good...

- I think that on H4 AU wave5 is unfolding
- chart below

audusd-h4.png

- drop down to M15 to spot good entry
- S1 ---> buy 2 x @1%, exit half @1:1
---> 1% profit secured, 1% trade still running
- chart below

audusd-m15.png

Comments
- looking back at ECHF chart I think I did miscount the waves = current sharp retracement looks like wave2 ---> Chart below
- if this proves to be right, I'll try and jump in on wave3

eurchf-h4.png

Monthly review

What work well
- I made my best profits during this October month. And by far!!!
- AIMs set ups are now part of my DNA
- No stress, no fear, no regret
- Lot of happiness trading

What need improvement

- Indeed Elliott Wave comprehension -but IMHO this is a lifetime study...
- Crossing the evidences e.g.Fruit + Fibo + Ewaves + ..Sometimes I tend to just check few of them, not ALL possibilities, specially when I have something already in mind
- Exit routine. I made improvement here, but I know it can be much much better -looking at price after I exited-

- Tomorrow is All Saints Day---> long week end I take with my family!
- Have a wonderful WE all Friends, and see you on Monday

KR

[francisrama]

November 4, day trade

- Placed a BUY stop order, triggered over the WE
- Rationals explained in below charts: Analysis on H1, trigger on M15

audusd-h1.png

audusd-m15.png

Comments
- AIMS AIMS AIMS...what else ...

KR

[francisrama]

November 6, day trade

- Exit Au trade @12% profit
- No trade running currently

- Following closely two pairs on H1:
1/ AU If my counting is correct price is in waveB. So wait until waveC, then SHORT
2/ EU. Very similar situation. So wait until wave5, then SHORT

Charts below

Capture d’écran 2013-11-06 à 12.49.08.png

Capture d’écran 2013-11-06 à 12.51.49.png

How to spot "top" of wave C? Look for signs of reversals:
- FRUIT
- EW/Price divergence
- EW momentum change (change of color)
- Wave channel
- FIBO target zone

How to enter:
- Once you have the reversals signs, drop down to M15
- Use AIMS to enter and follow up your trade

Comments
- Most probably there will be no trade for me today -no set up, just waiting-
- In the past, this would have been very very frustrating, very very...And I remember when I force myself to find "inexistant" set up...then lose lose lose money, and temper
- All this is gone for ever
1/ As Immy said, 1% per day is enough. One good AIMS trade will bring you much more than just 1%!!! You can afford not trading few days
2/ When you know PRECISELY what to SEE before you enter a trade, things become factual, not emotional. So you will not feel culprit if not trading = it is not because you are bad, it is because the market does not offer a good set up!!!
3/ Last and of utmost importance, PATIENCE PATIENCE PATIENCE is like GOLD -we have this proverb in my native language-

KR

[francisrama]

November 7, day trade

- After almost 2 days waiting, finally price movement unfolds on EU
- Price was at (almost) top of black wave (IV), so looking after black wave (V) reversal
- set limit sell @ bottom of last BOX
---> price triggered, strong movement down (thanks to BCE announcement about BID RATE...nothing bad having some luck ...)
- exit @price traget zone (defined using FIBO + channels)

- Chart below

eurusd-h1.png

Comments
- Though this trade does not conform strictly to AIMs rules, it IS an AIMS trade = AIMS is closely linked to EW!!!
- Again patience does pay; every day repeat = patience does pay!!!
- Many other big moves like UJ, UCHF...My "rabbit" was EU, and I sticked to my rabbit!!!

KR

[Dave]

Nice trade again, Fran, and great patience to wait it out. I have to say though, I think this trade is definitely conforming to AIMS rules. H1 is picture perfect for an S1 and a W5 blast down, and that's what happened. Lovely! (wd)

[francisrama]

Thx Sam

That's exactly what I said = EW set up was down for wave 5, so I enter the trade. ECB was a very good catalyst, and I was the right side of the road.

I don't trade news, except NFP, using Immy's strategy

KR