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

[immy]

Just a quick 1 hr session for me today... I was supposed to head north early in the am but rain and thunder delayed the start so I got my little notebook and enjoyed a bit of trading. lovely start lovely end... Meanwhile have a great weekend and see you on monday...

Result: 39 and 30. Lets count it differetnly. 69 pips for two positions or 35 pips for the campaign as per calculations below. Its a mind game but rather a numbers game that the mind perceives differently.

Entry 1. 8989.5 and entry 2. 8998 = average price = 8993. Exit Price = 9029. total pips = 35 pips.

[Tradermurat]

Which timeframe u take the fruit?

[immy]

I looked at the chart and saw a low risk setup. I would have exited had it closed above the green line. SL was on the opposite side of AIMS level. The seed provided a better entry location. i could have kept SL just above the seed as w ell. Trade stopped out due to tailing. Do you see the Fruit candle formation just before the Dot? its a powerful pattern. But remember we only take the fruit that is well outside the gator lines.

[Nikita]

Immy,
Sorry for bothering, can you comment on.
P.S. If you dont want to read all this crap, just read the underline part and check pics

Here is Eur/Gbp.
We have a nice S1. All criteria are met.

egb_h1.png

To trade or not to trade - to solve this we should check HTF. According to my previous month and your reccomendations (not blaming or smth, just to show my way of analyzing) i trade H1 in the direction of D1. H1/D1
Here is D1.
Wide open gator, fresh AO (beggining of the wave + By the moment of the trade D1 box was broken.) So everything is ok.

egb_D1.png

And it was a rent. I could just say next. And i should. And i did.. BUT, within last 2 weeks i have no profittable trades. I just keep repeating what i was doing the whole September, but nothing happens. So i started to check my way of analyzing and rules. The only thing that changed - super trend has come to an end (EU,GU and so on - i m sure you know what am i talking about).

I started to trade more careful, tried to trade only woth open D1 gator. But mo positive results.
Returning to the EGBP trade. I decided to check x5 TF (as per The Setup eBook).
And here is the answer why my trade hasnt work out.

egb_h4.png

So, according to your experience - to trade h1 succefully, we should check D1 or H4? Or we should check both of the?
And only when h1 and d1 simultaneously are trending - we should trade?
You always talk about "The simplier is better" but check h4 and D1 is not simple way.

I will appriciate your advices, reccomendation, critics.
Thank you in advance.

[immy]

Immy,
Sorry for bothering, can you comment on.
P.S. If you dont want to read all this crap, just read the underline part and check pics

Here is Eur/Gbp.
We have a nice S1. All criteria are met.

egb_h1.png

To trade or not to trade - to solve this we should check HTF. According to my previous month and your reccomendations (not blaming or smth, just to show my way of analyzing) i trade H1 in the direction of D1. H1/D1
Here is D1.
Wide open gator, fresh AO (beggining of the wave + By the moment of the trade D1 box was broken.) So everything is ok.

egb_D1.png

And it was a rent. I could just say next. And i should. And i did.. BUT, within last 2 weeks i have no profittable trades. I just keep repeating what i was doing the whole September, but nothing happens. So i started to check my way of analyzing and rules. The only thing that changed - super trend has come to an end (EU,GU and so on - i m sure you know what am i talking about).

I started to trade more careful, tried to trade only woth open D1 gator. But mo positive results.
Returning to the EGBP trade. I decided to check x5 TF (as per The Setup eBook).
And here is the answer why my trade hasnt work out.

egb_h4.png

So, according to your experience - to trade h1 succefully, we should check D1 or H4? Or we should check both of the?
And only when h1 and d1 simultaneously are trending - we should trade?
You always talk about "The simplier is better" but check h4 and D1 is not simple way.

I will appriciate your advices, reccomendation, critics.
Thank you in advance.

Nikita

I understand your frustration. and perhaps you missed my comments in Sep about H1.. "oh boy, the guys on h1 are gonna have some boring weeks, now that almost all the daily trends have matured and time for it to go into wave 4's". Yes, when you're in tune with D1 and d1 goes into wave 4, what do you do? dont trade. Don't force trades wait for them to come to you. Why I trade only one pair on lower time frame? I always see a trend. almost every day. but on higher time frames the cycles slow down and thus you have to be in tune with the cycles as well. It required different kind of patience.

moreover, who trades EURCHF? come on. it moves 100 pips in a month...

moreover, have you seen EUR/JPY or USD/JPY H1 chart? it moved 200 pips since YD
HAve you see GBP/JPY yesterday? it moved 300 pips up? where were you mate?

[immy]

one more thing, if you think that is not simple then it is a sign that your mind might be complicating a simple way of trading. its time you further simplify it. But your mind will not allow you get rid of those indicators off your screen. your mind will not accept it but you have to let it accept it by hook or by crook, meaning you have to do everything in your powers to take this step.

I invite you to the fruit concept and the fruit template. 3 indicators and one entry and add on technique. There is money to be made if you are willing to add on to your your winners. Do you want to simplify your trading? Trade Fruit. Stop predicting the market and stay in the now.

[immy]

and one more thing, did twe not know, all of us that UJ is having a STRONG up trend? and that it may be going into wave 4 and so we should be getting ready for wave 5 up? it was so damn obvious to the whole world? how and why do we miss seeing these simple patterns? may be we don't trust ourselves... may be we have deep psychological barriers? may be our inner self does not allow us to break the success ceilings? do you deserve success? do you really believe deep down that you do?

[immy]

just look at the UJ chart on D1 and W1? what do you see? don't you see that simple pattern that repeat itself on all other times frames time and again?

[immy]

There are 6 kinds of Market Conditions
1. Strong Bull - High Volatility High Range Up Trend
2. Normal Bull - Normal Volatility Low Range Up Trend
3. High Volatility Range Bound/Sideways Market
5. Low Volatility Range Bound/Sideways Market
4. Normal Bear - Normal Volatility Low Range Down Trend
5. Strong Bear - High volatility High Range Down Trend

The Question is Nikita, do you recognize these market conditions. Can you tell whether the market is an up trend or down trend, is it sideways, is it high vol or low vol market?

[kooky]

and one more thing, did twe not know, all of us that UJ is having a STRONG up trend? and that it may be going into wave 4 and so we should be getting ready for wave 5 up? it was so damn obvious to the whole world? how and why do we miss seeing these simple patterns? may be we don't trust ourselves... may be we have deep psychological barriers? may be our inner self does not allow us to break the success ceilings? do you deserve success? do you really believe deep down that you do?

Probably all of the above,or maybe I just have s--- for brains. Makes you feel really good when you can't even spot a trade that was " so damn obvious to the whole world ", no offence just despair,dismay,admiration and frustration. #-o