Tough day today ! nothing much gained or lost... overall 4 pips (.25%) every little helps right??
a -5 Rent followed by a tough, not moving +9ish
Immy's Corner [The Setup The Hunt - T20's and more]
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
Not such a tough day today. Stayed on m1, just a glimpse on H1, and chose EJ for a long. It worked well.
Patience and Discipline all the way.... ~If you can listen you will hear the market speak to you~
Exit: Price in Target Zone, Fruit Candle, price went too far too fast away from gator's mouth. time to snap my profits. 1:1.5
Patience and Discipline all the way.... ~If you can listen you will hear the market speak to you~
Exit: Price in Target Zone, Fruit Candle, price went too far too fast away from gator's mouth. time to snap my profits. 1:1.5
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
Hello Everyone!
Finally, I'm back from my Himalayan Holiday.. What a great place to be... http://www.serenahotels.com/serenagilgit/
"Nestled amidst the staggeringly beautiful snow capped peaks, Gilgit Serena Hotel is truly one of its kinds. The Hotel stands at the foot of the Karakoram mountain range commanding breathtaking vista of the rugged landscape. This aesthetically charming Hotel lies only three kilometers from the legendary Silk Route. Conveniently accessible from all directions, this Hotel represents a modern oasis of comfort and luxury surrounded by the breathtaking beauty of nature at its best, and an imposing view of the lofty Karakoram peaks including Mount Rakaposhi." I totally agree. (would that there were no security concerns, I would love to arrange a grand AIMSters meetings there... oh that would be awsome) someday... oh yes, some day... anyway...
... I just wanted to share a trade we took on GBP/JPY on D1 Format. We tried UJ as well but got kicked out prematurely.
Its just a simple matter of following your plan. Where is the Dot? What Colour is it? What is the Trend? What is the Overall trend? Am I trading Against higher time frame trend, meaning is the bigger wave moving upwards or downwards and within that is the price currently moving with bigger wave or against it? All these questions are fundamentals. But the good news is, they have been put into an objective plan which thanks to Grant we call The Flow Chart. If you simply follow the flow chart, you'll never destroy your account and will continue to learn to trade better and better each day. The main thing is learning to deal with your doubts and fears. And remembering that "doubt" is the single factor of a man's ability to succeed or fail. You gotta learn to have confidence in a. yourself, b. your system. Without confidence staying disciplined and committed to following your plan becomes extremely difficult. And there is no way one can find "consistent" success in any business, without patience and discipline.
Finally, I'm back from my Himalayan Holiday.. What a great place to be... http://www.serenahotels.com/serenagilgit/
"Nestled amidst the staggeringly beautiful snow capped peaks, Gilgit Serena Hotel is truly one of its kinds. The Hotel stands at the foot of the Karakoram mountain range commanding breathtaking vista of the rugged landscape. This aesthetically charming Hotel lies only three kilometers from the legendary Silk Route. Conveniently accessible from all directions, this Hotel represents a modern oasis of comfort and luxury surrounded by the breathtaking beauty of nature at its best, and an imposing view of the lofty Karakoram peaks including Mount Rakaposhi." I totally agree. (would that there were no security concerns, I would love to arrange a grand AIMSters meetings there... oh that would be awsome) someday... oh yes, some day... anyway...
... I just wanted to share a trade we took on GBP/JPY on D1 Format. We tried UJ as well but got kicked out prematurely.
Its just a simple matter of following your plan. Where is the Dot? What Colour is it? What is the Trend? What is the Overall trend? Am I trading Against higher time frame trend, meaning is the bigger wave moving upwards or downwards and within that is the price currently moving with bigger wave or against it? All these questions are fundamentals. But the good news is, they have been put into an objective plan which thanks to Grant we call The Flow Chart. If you simply follow the flow chart, you'll never destroy your account and will continue to learn to trade better and better each day. The main thing is learning to deal with your doubts and fears. And remembering that "doubt" is the single factor of a man's ability to succeed or fail. You gotta learn to have confidence in a. yourself, b. your system. Without confidence staying disciplined and committed to following your plan becomes extremely difficult. And there is no way one can find "consistent" success in any business, without patience and discipline.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
- 13
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
Nice setup Immy - just goes to show how simple it can be! 
That looks like an amazing place to relax.
Great to have you back, although I didn't know that you were on holiday! Kinda guessed though. :-bd
That looks like an amazing place to relax.
Great to have you back, although I didn't know that you were on holiday! Kinda guessed though. :-bd
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
sam, darren! we will go there together soon, this is my intention.. I know the universe will conspire in our favour and arrange this for us.... (You listening God?) 
YD's Cable Trade on M15. INspired from Chatroom discussion. haha.
YD's Cable Trade on M15. INspired from Chatroom discussion. haha.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
Adam, in response to our discussion.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Fancy This? 22.5% profit with a risk of 10 pips only?
Imagine if you took this SEED, as in the picture below. Its a seed with 7 pips range.
Lets suppose we took long order 2 pips above Seed and set our Stop Loss 1 pip below the low of the seed candle. So thats 10 pips Risk. Right?
Now according to our standard Seed Money management we would Close half at 1:1 that is at 10 pips profit, which btw happened within the next candle, the same candle that triggered the order. We would leave SL at initial spot i.e. below the low of the candle even after closing part. Now that is a Free Trade with 20 pips space for price to dance around, which it did not do instead it went straight up.
Do you know how much profit this tiny little trade would give you so far?
Well, its doing a 225 pip move from the seed so thats 225pips divided by / 10 pips (initial risk) = 22.5% growth for 1% risk divided by 10 pips. 22.5% profit without closing half and 12% profit so far with Closing half position at 10 pips at 1:1.
Imagine that! 1 position and 12% profit within 24hrs of trading. Fancy that? Trade The SEEDS!
Lets suppose we took long order 2 pips above Seed and set our Stop Loss 1 pip below the low of the seed candle. So thats 10 pips Risk. Right?
Now according to our standard Seed Money management we would Close half at 1:1 that is at 10 pips profit, which btw happened within the next candle, the same candle that triggered the order. We would leave SL at initial spot i.e. below the low of the candle even after closing part. Now that is a Free Trade with 20 pips space for price to dance around, which it did not do instead it went straight up.
Do you know how much profit this tiny little trade would give you so far?
Well, its doing a 225 pip move from the seed so thats 225pips divided by / 10 pips (initial risk) = 22.5% growth for 1% risk divided by 10 pips. 22.5% profit without closing half and 12% profit so far with Closing half position at 10 pips at 1:1.
Imagine that! 1 position and 12% profit within 24hrs of trading. Fancy that? Trade The SEEDS!
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
- 13
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
That is certainly food for thought! I will print that chart out and stick it on my wall! ^:)^
Amazing! :-bd
Amazing! :-bd
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
a EUR/USD Trade timed on H4 in the direction of D1. Would love to run on D1 but it appears that i cannot resist but to trail aims on H4.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: How to trade The Setup - EU M5/M1 Strategy - Immy's Jour
It required patience all day long but it was worth it! Unfortunately I misjudged as I was focusing too much on H1.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!