Thomas Journal

[thmueller]

Hi all,
i'm new in the aims family and i like the idea of the journal.

Currently i'm not trading because of my daytime job. I can only monitor from time to time and will post here some entries when i identify them (if you are commenting them and help me to find mistakes i'm happy). I hope to get a feeling for the entries and hope to see my progress before i will hit the order button in the future.

Thank you in advance.

[thmueller]

Setup #1:

[Dave]

(wd) Nicely spotted. That is a grade A M5/M1 setup 1. Remember that M5 pattern, the new eWave, freshly opening alligator and pullback, perfect!

[wiseambitions]

Hi
Amazing how fast you have grasped the concept. Perhaps we all ought to get back to basics and make sure we understand things, even as simply as you do, as this system is phenomenal.

I have made thousands and thousands, maybe I have a few amendments of my own, but because it works for me I'm not looking for anything better!
Remember the POWER OF ONE, which is if you make 1% a day and roll up daily, you'll multiply your account by more than 10 in a year!

Wishing you great success and looking forward to more of those beautiful charts

[thmueller]

Thank you for the warm welcome here. It's good to know that i seems that i finally understand the basics. I try to stick with it first not to get to distracted by the multiple strategies here. Now as i know it was not the worst entry i try to learn from the past and look out for such setups to get a feeling for them. Good to be here.

[alasdeaguila]

congratulation, I dont have time to trade , I wondered to succeed I should use all available strategies in this website, I only trade demo in my free time, what I do I see the chart every day I read what people saying, the basic one S1 / S2 works.

[thmueller]

Today i would not traded here or got caught by the move that makes this gap on M1.

2 possible setups on M5 @ 8:00, 8:20

Alligator was sleeping and then opened for short's. 2 Possible retraces on M5 followed. I don't like them because the levels are way to large on M5.

If we look at M1 the first setup could be taken, because the levels there are way smaller. If i would enter there via sell stop i would be stoped in with the gap and got filled 15 pips lower then the order was placed.
Second setup on M1 would not be taken because the level is also way to large for trading.

[thmueller]

So today the markets started again and i was able to play with my new toy (TM_AIMS_Indicator) that i developed over the weekend.

So i got alerted by a possible setup there.

2016-02-22_0929_001.png

And as the time passes it turned out as a very good trade. I wish i had the time to push the trigger.

2016-02-22_0934_001.png

[thmueller]

After working on some tools i'm back to watch the market a little bit. So i got this nice setup (it's not a classical i guess and i mixed the stuff i have learned the last days)

As i seen that chart (at the time the white boxes). M5 was beautiful 1.) gator opened nicely 2.) first retrace was great broken and about to retrace a second time. M1 nice sideways so some fractal levels still build and it looked like a wave 4 on M1. So i have learned the last days that a wave 4 retrace mostly goes to the purple line. So i watched out for further retracement on M1 to the purple line.

2016-02-29_1655.png

After the purple line got broken so massive i nearly lost interest on this setup. But then i thought i will watch it how the wave 4 turns out on m1. So the price comes back very quickly to the purple line and breaks it. When i would be trading this i would now thing about an entry here with a SL to the low of the last retace (here around 15 pips). But i guess in terms of AIMS rules that is not a good entry, because i hadn't entered the market with a pending order. So more patience is need and the next opportunity comes several minutes later. After building a tall fractal level the price goes again sideways and builded a smaller fractal level. As this was build i think a good pending order would be above the high of the tall fractal level with a SL on the low of the current fractal level (around 8 pips here)

2016-02-29_1658_001.png

Then it would be tunred out very nicely.

1.) entry 15 pips risk around 53 pips gain (trailed candles after 5 green candles there)
or
2.) entry 8 pips risk and around 44 pips gain (also trailed the same way)

And as i write it. M5 AO peaks again and tells us that wave 3 is still intact.

2016-02-29_1717.png

[immy]

Great analysis