Miguel Journal

[master9357]

GbpAud close after divergence W5?? Gator signal +40 pips

[master9357]

First week:

2 days trading net profit +119.5 pips.
Only Setup 1 and 2 within the wave may not be great but for is enough to celebrate (party) .. :-bd

[master9357]

GbpCad H4 King Pattern

[immy]

Hi, You've found the monarch pattern on h4 but. But if you're trading it on h1 then that's not how its done. that pattern has to be on the time frame you're going to trade. and it has to be in the direction of purple (purple below for longs and above for shorts) .. e.g. if you were trade the h4 time frame, you wont take the short as its against purple. however looking at the short on h1 its a correct red dot short setup. Gator was sleeping, box was tight and purple was above. it appears it might be going into a new wave 5 down. Wave 5's are good because they have a chance of turning into a new 3 sometimes! (when wave 5 becomes 1 point bigger than previous 3, the new 5 becomes a new 3)

cheers

[master9357]

Hi, You've found the monarch pattern on h4 but. But if you're trading it on h1 then that's not how its done. that pattern has to be on the time frame you're going to trade. and it has to be in the direction of purple (purple below for longs and above for shorts) .. e.g. if you were trade the h4 time frame, you wont take the short as its against purple. however looking at the short on h1 its a correct red dot short setup. Gator was sleeping, box was tight and purple was above. it appears it might be going into a new wave 5 down. Wave 5's are good because they have a chance of turning into a new 3 sometimes! (when wave 5 becomes 1 point bigger than previous 3, the new 5 becomes a new 3)

cheers

Thank you very much for your explanation Immy.

I really need to learn and understand better your principles, the patterns and keep myself disciplined as well.

I will really appreciate if you can continue with your comments in my journal because you have indeed something very special here and is the only way for me to grow as a disciplined and consistent trader.

Can you please tell me where i can find a description and/or an example of AO patterns?

All the best,

[immy]

First week:

2 days trading net profit +119.5 pips.
Only Setup 1 and 2 within the wave may not be great but for is enough to celebrate (party) .. :-bd

Good start buddy! keep doing that week after week and you'll be laughing

Just focus on the flow chart and keep trading the setups. Don't do a PHD in it. DO IT!

[master9357]

GbpAud ABC M15

[master9357]

GbpUsd W4??

[immy]

Hi Miguel

What is your idea of wave 4? is it one to trade or one to avoid?

cheers