FireAtWill's Trading Extravaganza (a laugh a minute)

[immy]

Greetings AIMSters,

The correct setup was the buy setup , just after you closed your short. but even that had a problem. it was not within a trending market on m5.

I suggest you watch the videos, tutorial ones and daily digest ones. plus the video "how to trade the arrows". Hope you find it some where in the video section

This is Setup 1

A Higher Probability setup. that is Setup 1. Understand the concept. I dont know why people don't understand me.

essence of Setup 1.png

Another one

HPT.png

the following is a Setup at CIPS

Setup 1 with Cips.png

This one is not HPT.
Its a good M1 setup but not good pattern on m5. This can be traded but Setup 1 actually when m5 is supporting m1.

27-05-2015 11-14-40.png

[FireAtWill]

Thanks Immy, I have work to do.

I think I understand the method and the reasoning behind it, there is a disconnect when trying to see it in real-time.

Seeing pictures of how trades are supposed to look are great, but maybe I need to block off the "hard-right-edge" part to simulate the trade as it's setting up. Everything looks obvious in hindsight.


I'll be back (bad Arnie impression)...

Edit: Actually, a major issue is that I'm not WAITING for ideal setups to arrive - PATIENCE required.

[FireAtWill]

Greetings AIMSters,

Short trade, stopped out for +2 pips, AIMS box could have been smaller (15 pips high)
D1-13

Order#76630019.png

[FireAtWill]

Greetings AIMSters,

Long S1 trade, stopped out for -6 pips, M5 had no clear trend showing, price not nicely clear of the gator - serves me right
D1-14

Order#76777295.png

Long S1 trade, price cleared nicely away from gator on M5, could have been tighter gator jaws on M1, but +23 pips were to be had - WOOT!
D1-15

Order#76840489.png

Long S2 trade, stopped out for -2 pips
D1-16

Order#76843700.png

[FireAtWill]

Short S2 trade, stopped out for +18 pips
D1-17

Order#77071739.png

Freakish short S2 trade, took profits the next bar - was this the Greeks causing this????
D1-18

Order#77086132.png

[FireAtWill]

One more trade after this one, and I reach my milestone...woohoo!!!!

Short S1 trade, stopped out for +15 pips
D1-19

Order#77370484.png

[immy]

One more trade after this one, and I reach my milestone...woohoo!!!!

Short S1 trade, stopped out for +15 pips
D1-19

Order#77370484.png

PERFECTION IS THIS

[zlabis]

Very nicely playe, Amundo!!!

That't the way trading AIMS Setup 2 out of the picture book ;-)

[FireAtWill]

Thanks for the feedback, guys.

Final T20 trade:
Short S2 trade where the bottom fell out of the market, stopped out for +33 pips

Order#77426615.png

So, at the end of my first T20, have I learned anything? You bet!

1. Wait for ideal trade conditions (clear trend on M5, gator closed on M1 (compression/consolidation). Two of the hardest things to learn - patience and self-discipline))
2. If you have faith in the method, despite consecutive losing trades, you will win (in spite of my incompetence, I had 10 losing trades in a row! It takes a lot of faith to carry on when the tunnel is so dark and you can't see any light in the distance...)
3. When the pips present themselves - take 'em!!!! (even though I ended up +98.5 pips, I would be foolish to expect the same results again, with the luck of having caught two big moves when they occurred, which turned around the results big-time)

I'll pat myself on the back as well. This is the first time I've stuck with one trading method (self-discipline again) for this period of time/number of trades. Before, after the first few losing trades, I would have said "Ugh! This method sux!!!! Let's try something else...". Granted, I had invested a little bit of money, so I had a little motivation to stick with it

Anyway, I'm now on to Fruit-picking and should really look to join the Skype group. Onwards...



P.S. I enjoy playing Grim Dawn or PoE while I wait for a trade to set up - so the patience side of things isn't that hard

[Dave]

"with the luck of having caught two big moves when they occurred"... I know what you mean, but this is trading! "The luck" is giving profitable trades a chance to become +30, +50, +100, while at the same time not allowing a losing trade to reach a similar size. If you'd held an opposite position at these times you would have been stopped out and said that you were lucky to have been stopped out with such a move against. Rather, it's been your trade management that's gained you 100 pips. We deliberately trade at volatile times, and 100 pip moves at the European open aren't all that rare.
Well done, all the best for the next 20 :-bd
(My advice, for what it's worth.... don't change anything. Reload another 20 trades in this exact style and make another 100 pips and do that again and again and you'll get there! 100 pips/20 trades is a positive expectancy of 5 pips, super!)