Michal's Journal

[Michal]

for some time now I've been running some tests to decide whether i want to trade m5 or m15. For now seems that m5 works best for me on currencies. But i'd like to ask Aims family what you guys think when to trade m5 should i compare it to m5/m30 or m5/h1 ? as thats the only puzzle left for me
My personal thinking is that i should really use m5/h1 as m5 there might be a lot more fake out on m5 than on m15 so the way i think h1 should filter better rather than m30
My trading is going well but in my opinion is always place to make it better.And i need to be careful as i used to tend to over trade

So please everyone fell free and welcome to share thoughts. Much appreciated as im not too sure whether my thinking is wrong o bad

[Michal]

Dax trade

[zlabis]

Very, very well done, Michal :-bd :-bd :-bd

M5 saved you from having a couple of rents before the break out compared to M1.

I was thinking about trading DAX M5 as well but I only have limited time budget, only 1 or 2 hours per day, so I decided to stick on M1 at the moment. Maybe I'll give it a try someday ;-)

Michael

[Michal]

Very, very well done, Michal :-bd :-bd :-bd

M5 saved you from having a couple of rents before the break out compared to M1.

I was thinking about trading DAX M5 as well but I only have limited time budget, only 1 or 2 hours per day, so I decided to stick on M1 at the moment. Maybe I'll give it a try someday ;-)

Michael

So you just said exactly why i stopped being on m1 i seem to be taking too many trades on m1 which i really dont like so i decided to stay on m5/m30 dax i wont be trading probably so often but as Immy suggest 'less is more' so that's suits me For me m1 mmm is to quick plus i like to be glued to screen so for my trading its better to be on m5 After such long time now im still on learning kerb and trying Its all depends how you can deal with your firing finger my one shoots to often on m1 (rofl)

Thank you Michael Z. :-bd

[Michal]

tried to catch a wave 5

[Michal]

)

[immy]

)

Michal

This is a perfect example of using the AIMS V5.1 "Fractal Geometric" Setup 1. Its the same pattern we showed using EUR/USD M5/M1. Since the market is just like the Mandelbrot Set, Fractal Geometric, (macro and microcosm) this setup, this pattern, this concep can successfully applied to any time frame combination, M5/M30 or M15/H1 or H1/H4 or H4/D1 or D1/Weekly or Weekly/Monthly. a multiple of 5 is best.

Good one Michal (sorry I missed your question earlier but you seem to have read my pm already hehe)

[immy]

Further to our coverstaion in your pm's I'd like to say that, based on our previous analysis and successs stories such as Sam's M15 endevour, I'd like to revise my recommendation and if you're cool with it , I'd say use M15 in the direction of H1 instead of M5/M30. Not that m5/m30 is not good, it certainly is, but since you want to trade more than 1 pair, It would be best to trade m15 instead. So 3 pairs on m15/h1 would be ideal. Focuse mainly then on Famous Setup. Once you understand this concept you will never look back. e.g. Take S1's and Adam's Apple in the direction of H1. When you see a H1 chart making Wave 3, it usually lasts 1-3 days. allowing you to take advantage of it on m15 chart. i hope this helps.

[Michal]

so that's what i will do exactly as sometimes i did feel i was trading too much which probably was coming from my limited time and in my mind was always attitude like i wanted to make some trades. So as you suggested i will go for m15/h1 - 3 currencies + dax (m5/m30) and go with it for december especially when it's beggining of new month ! so excited as i never traded so small number of currencies always the opposite Thank you :-bd
My trading time most days will be - 12 uk-16 uk time
currencies : eur/usd eur/jpy aud/usd and Dax

shall see what future brings

[immy]

U have added one more lol 2 or 3 max