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

[immy]

A lovely day overall. Good Trades to start with plus a bit of a challenging wave 4 down and then up move again. Today, there was a great setup at the 6pm UK time. Yes, dax does move around this time, and thats supposedly because the new yorkers return from their lunch break and start moving things again. A lovely 6 pm Setup below.

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[immy]

Today was a very good day. The london session open offered us a green dot s2 with a slightly biggish aims box but we would take it because volatility and trend direction was on our side and clearly momentum was up. this was then followed by two s1's to get us into wave 5 up. first one was -4 next one, was worth 25-20 pips which most of us in skype room took. It made me happy.

Below find some H1 analysis. followed by update on the H1 turned into DAily trades on Currencies. Most of them are topping out and so SL's have been tightened.

[kooky]

Holy Crapp Immy, I cant get into ONE winning trade let alone SEVEN????????????????????????????
kooky

[Dave]

Hey Kooky,
What is it that's stopping you getting one?
There's only three possible answers:
1. You don't know the setup; or
2. You are scared to place the trade when the setup shows itself; or
3. When you're in a trade you're scared to manage it appropriately.
Which is it? We can help with 1, 2 and 3!

[immy]

Something to save from skype chat.

What is Trading, How to trade Successful? What is a Trading Plan.

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Trading Pictures from 16th of Sep

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Trading Pictures from today 17th of Sep

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[immy]

Lets see if you would agree to the second week of Septermber Results.

Oh I thought I'll share this simple Excel Sheet with you so you can do it yourself or further check it. If I might have made mistakes, omit or added something please do not hesitate to point it out here. cheers

Download the Excel Sheet Here

Dot Analysis Sep 2014.xlsx

[Darren]

Astonishing results with 2 weeks left to go this month! :-bd

[immy]

Just a simple worksheet to see how long (how many trading days) will it take to double your account based on 1% 2% and 3% growth per trade (assuming this would be your average daily gain) and using compounding on a daily basis. So your lot size will be based on the capital on a daily basis.

You will see that it takes 37 days to double your account risking/growing your account only 1% every day. or lets call it 5% a week.

compounding - Immy.xlsx

and while going through the docs I found my old trading journal. keeping a detailed trading journal is a pivotal point. True traders all have proper detailed records of their trading specially during the learning stages but since we forget very easily and we are always learning there is no reason not to keep records. As detailed as possible the better it is.

[immy]

Hi

We played it very safe this week. The system took care of us. With the risky events and all we were a bit cautious too. So amazingly no trades on Dax on 17th, 18th and 19th. Though today we could have taken 2 long trades.

^:)^ The week ended with a small meagre 44 pips and thus 4.4% gain. Its based on the excel sheet that I have started to keep. My own trades may at times differ to this.

3 days of the week were taken by these 3 things .
1. Some american guys who chats shit all the time... and some report Report
2. Man Skirts
3. Getting Drunk Day

[Tomi]

Latest recommended trading plan shows that you are not closing on opposite dot. For me that's ok, but it's something that I have thought to utilize. Anyway, I'll skip it for now.

I just love to see your charts and dot analysis. On weekend I simulated some of those days and checked your Excel chart. Taking notes on M5 AIMS levels and alligator. Also checking my videos on the same spots. Amazing confidence builder on many good setups

Thanks again Immy for everything you do and have a great weekend fellow.