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

[immy]

Hi

Someone asked me what should be optimum Max SL value in pips. Based on my research anything upto 25pips is ok.

[immy]

The London Open EU Setup

EU M5/M1. There was a double AIMS setup this am during first hr of London Open. It was a bit of a S1 (m1) within S1 (m5) within s1 (m15) within Wav e3 (h1, but there was no s1 or s2 on h1 we don't take these breaks on h1 because too big AIMS Wave histogram so we drop to M15 to catch s1 in the direction of higher time frame trend, the definition of higher probability setups) so Went long at 1.37486 above H1 level same price level for the M15 setup too.

So LO S1 Setup. 6pip SL. waited for pullback and exited at the second run up. Meanwhile ran another entry using the H1/M15 The King Pattern. Hence the confidence of staying in this m1 even with the pullback. 2% (SL 6 pips Profit 13pips). No business in the world can beat this haha (oh wait the crooks beat us to it, meaning the Govts, Politicians, etc etc)


THE EU M5/M1 Pattern.

[immy]

A perfect H1/M15 trade immy. could you please tell me about exit of this trade ?
Thanks for motivating all of us. Your all posts are fantabulous and great source of knowledge. I think it's time to change your journal name to Immypedia \m/ :-bd (*)

Thanks for the kind words. The sytem is solid and it has worked for decades and should work for a very long time to come. All we have to do is keep repeating what we do. Repetition is the key to learning and making profits in trading. Being a brick layer is the absolute key. As we all know, a brick layer does not invent new ways of laying bricks on a daily basis. The centuries old technique works and there is no reason to abandon it. We might have learned alot of new tips and ticks during this process of brick laying but the fundamentals remain the same.

You asked in the chatroom, or was it someone else, where was my SL and I said/wrote that I was to put it below the, then forming, seed candle. And I did that so got a small profit of 16 pips. which is still very good.

May the pips be with you

[immy]

Copied a post I made into Sam's Journal for my record.

Sam, if you stick to only this pattern, you could do some serious damage to your broker! (if they happen to be bucket brokers haha, which i'm sure they are not hhaa)

Imagine if you had done that on M15 GU? and stayed with it during news... you'd be 10% up haha not to mention the UJ M15 Setup that occured twice once during asian and once at FO.

nicely done Sam. ^:)^ We gotta learn from this guys! we gotta do this. this is THE SETUP.

ps: in fact one can formulate a strategy based entirely on this wave 5 setups only. e.g. Watch 8 majors, EU, GU, UJ, Uch, UCAD, AU, Nzd, and get a piece of Gold if you like haha ... and trade ONLY when this setup appears. The setup mainly is based on price action of the last sesssion or day. You'd see that during London or NY or both session there will be good price action, price breaking out of range on h1, and then there will be the dead period that brings price back to gator's mouth, on h1 it will be a pull back to green or red line but gator still remains open, there is no divergence on eWave and come next session, be it Asian or London session there is a break out. Exactly as the pictures above. it happens over and over and I've been seeing it for the past few years. there is no reason to believe it wont continue like this. "A touch of purple, magic " ENJOY

pss: and we can do the same on M5/m1 which we do (well i do) on a daily basis. cheers

And then there is this setup.
The Double AIMS! The Double Jeopardy Setup. ... M5/M1.

Here you have S1 within S1 with same entry levels. Meaning both m1 and m5 setup and share entry levels. Notice that in the m5 chart, its an M5 setup into wave 5.

This is S1 within S1. The previous is S1 within W3 or W5.
EUR/USD M1 Setup




EUR/USD M5 Setup




Update: moved SL , trailing candles...

[Michal]

Very nice trades Immy and i join Sam in what he said about your post. I must say they're really helpful and can really help to get those things in our head ! so thx for great job you're still doing for all of us :-bd

[immy]

Very nice trades Immy and i join Sam in what he said about your post. I must say there are really helpful and can really help to get those things in our head ! so thx for great job you're still doing for all of us :-bd

Thanks Michaal! I'm chuffed.

and here is The Famous Patten on M5/M1

(straight out of the book)

[immy]

10 April 2014

LO S2

[immy]

Now here is a bit of "intuitive trading"



Mid way



The end, again intuitive exit. better brace myself now. Immy, discipline discipline discipline.



God Bless Terry, who gave me this name....

[immy]

Now here is a bit of "intuitive trading"



Mid way



The end, again intuitive exit. better brace myself now. Immy, discipline discipline discipline.



God Bless Terry, who gave me this name....

another one double aims break in the direction of momentum. its been a fine day...

[exponent83]

Immy, You are awesome! Great trades