immy wrote:Nikita wrote:Dave wrote:hte = incorrectly spelled "the"
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With respect to the GU rent, just a bit late to enter. Remember to try to get in at the start of the wave, the first fractal break out of the mouth and the first fractal break in that direction. Also, if you are trading the break of HTF levels, make sure it's a genuine setup on that HTF, not just a break.
Love the add on trade!
I m not sure, that i got an idea of this sentence "try to get in at the start of the wave, the first fractal break out of the mouth and the first fractal break in that direction." Can you please explain your though?
You mean, that i should set PO earlier, before R level was broken?
Dave points out a very useful thing here and many people actually find it hard to understand this. I know I've explained on several occassionas in different areas of the forum. Perhaps search in my journal you'll find the answer or may be when I get time, or if Dave is kind enough, we might put something together to highlight this once again. The first AIMS Break out of a sleeping gator's mouth. an important point!
good trading Nikita.... keep em coming
Hello again. Yeah I did mean to put something together about the first fractal break, but my timezone meant it was time for my beauty sleep.
I know we've discussed this before, but in my opinion this is one of the most important concepts of trading waves and therefore trading eWave/Ao and therefore trading AIMS, and therefore worth discussing again and every single day! Essentially, we are trying to get into the move in its infant stages, before it shows the extended impulse wave that we wanted to be a part of. And if we can already see a series of AIMS boxes and a series of fractals producing a stepping-like pattern in one direction then the move is missed, wait for it to reset and get into the next one. As Kris said to me today, "If you didn't get it, forget it".
I'll use a lot of pictures to illustrate this, most of which are your trades, Nikita....
Firstly, this is what I mean by the first fractal break, i.e. the first break against a series of stepping fractals. You can see that the direction of the break is supported by the momentum of the eWave but is timed right at the turn of the eWave, the start of the new wave. We are entering the market on fresh momentum and at the beginning of the new direction of price movement, not after we can already see that price has moved and a wave is established:
Screen Shot 2013-05-08 at 6.26.39 PM.jpg
Now I've marked on your charts where I see these turns of eWave and turns of momentum to be, and therefore where the "first break" is getting us into these moves early in the wave:
eurusdm1-1.jpg
eurusdm1.jpg
eurusdm1.png
eurusdm5.jpg
gbpusdm1.jpg
Hope this helps! I can try to use some more illustrations of this point as they crop up over the next few weeks.
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