Nikita`s journal

[Dave]

Hi Nikita.
I like your entry! H4 (HTF) has wide open gator, strong impulse W3 eWave without divergence and a neat little pullback. H1 (LTF) has a clear S1. My question to you though, is why did you not respond to several exit signals generated on H1?

[Nikita]

Thank you for your quick response!

Last 4 monthes i use my own rules: enter rules are the same as yours, but exit is based on RR. I use 1:3 RR. MM - when price is moving my side and RR 1:1, i reduce my SL by 50%, RR 1:2 i transform my trade to BE. RR 1:3 - my TP.
That s how i trade.

As for exit signals - i saw green line and blue dot, but was following my system. Did i miss anything else?

The only reason to hesitate was not the negative result of the trade, but the enter conditions. After dramatic fall of EU it was obviously that correction is near (+ AO wasnt diverged yet + end of the week), but the S1 was so nice, that i dicided to give it a chance + to follow my trading rules.

Immy, i d like to, but my schedule suits only for HTF trading + i still dont get fruit theme..)

[Nikita]

Hello everyone!

Can you share, how much attention do you pay to divergency?

I`m interested - does it counts for you as exit signal or it prevents you from opening a trade?

P.S. I trade S1-S2 on H1/H4.

For example:
situation 1 - will you take this one?

kiwi_h4_.png

kiwi_h1.png

situation 2 - will you close your trade?

GAU_h4.png

GAU_h1.png

[immy]

Hello everyone!

Can you share, how much attention do you pay to divergency?

I`m interested - does it counts for you as exit signal or it prevents you from opening a trade?

P.S. I trade S1-S2 on H1/H4.

For example:
situation 1 - will you take this one?

kiwi_h4_.png

kiwi_h1.png

situation 2 - will you close your trade?

GAU_h4.png

GAU_h1.png

[Tomi]

Can you share, how much attention do you pay to divergency?

Just personal view... I take a note if I see a divergence. It's nice to "give names" to situations. Easier to talk with people as we all have common language and to stay in tune with the moment. Still it won't have any prediction value. For entries I trade the system and for exits I trade the system. One bar or candle at a time. Divergence won't get me in to anything. Divergence won't get me out of anything.

[Nikita]

Immy, thank you for your analysis, but all trades were taken on H1. H4 shown here just to show the divergency situation)
I trade especially S1 on H1, when price on H4 returns to green line.
But you pointed me on some interesting thoughts, that i dont really trade S2.. I think, i should refresh all information about it.
And if you have time, can you tell me your opinion about divergency and how it influences your trading?

Thnak you, Tome. That is what i was asking about.

[immy]

Nikita!

Divergence for me is just one thing. If I'm counting waves using eWave divergence means Wave 5. thats it..

cheers

[Nikita]

Hello guys. Long time not appeared here.
Decide to restart my journal. Want to work with new approaches (seed + AA).

TF: H1/H4
Strategy: s1+seed(GC)+AA
MM:
S1: TP with RR 1:3 (if trade against D1 trend - green/red)
Seed: 25 pips, trail candles/ green/red
AA: 25 pips,trail candles/ green/red

And here is the 1st rent on WTI

wti_IB.png

All rules checked, but next. Seed after was too big for me.

[Nikita]

YD company with 1 win, 2 rent and 1 BE.

EJ.png

Managed to catch this AA. But IB didnt go that well. + have no chance to close it earlier cause it was deep night.

gu_IB_rent.png

I think this wasn`t a monarch. Retrace wasnt deep enough, but all these thoughts come in the morning.

UJ_IB.png

I think this IB was ok, but next.

P.S. Does anyone know are there any special scripts, that could help to set PO on fruit/seed that just appeared?

[zlabis]

P.S. Does anyone know are there any special scripts, that could help to set PO on fruit/seed that just appeared?

Hi Nikita,
most AIMSters in Skype room who are trading short time frames (M1, M5) are currently using Fractal Trade Manager (FTM) from Steve Norman (http://www.for-exe.com). Before that I used "Easy Order" scripts, originally freely published at FPA and brought here by Darren (http://www.itradeaims.net/forum/viewtop ... =56&t=1203).

They do exactly what you've asked for ;-)

Cheers
Michael