Thomas Journal

[thmueller]

From developing to trade analysis.

Today there is another good example how to spot nice trades with the concepts i learned here (i can't thank you enough for this enlightment).

2016-03-03_1400.png

[thmueller]

This situation got my focus on GU. M5 gator nicely open and M1 retracing a little bit, so i decided to watch it more closely.

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M1 retraces much more and it looks like Wave3 comes to an end. Good here the price near the pruple line. So i thought, that this could be a short Wave4 on M1 because the price is already there.

2016-03-08_0831.png

Then the first Level was build an M1. So we have something to work with. The M5 level is far away that we could target it when M1 level will be broken.

2016-03-08_0837.png

Here i nearly lost it. I thought that M5 gator is not longer open. That's also my question to the gurus here. Is anything that comes from this point on a proper setup?

2016-03-08_0842.png

Boom. Breakout. The SL is around 10 pips and the distance to the M5 level 23 pips. I would take this train but not sure if this is really a proper setup.

2016-03-08_0848.png

That's what followed. I best case we can extract +1.3R here because the price was going 13 pips in our favour. Trade will be closed @ 9pips with candle trailing, @ 6 pips with green line trailing or @ 2pips with red line trailing

2016-03-08_0851.png

2016-03-08_0857.png

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Overall i'm happy with that. But still not sure if this was the right way to do (in terms of AIMS setups). So i will be happy to hear your thoughts about it. Thank you.

[thmueller]

Today i used a little bit spare time to pull the trigger.

2016-03-10_0821.png

[immy]

Stop Coding and Start Trading... Trading and Coding are two different worlds... If you're good at coding may be that is your calling... impressive work so far, but is it useful to me? not really, but that's not the point, you are exploring and you are on your own journey. We shall watch and may correct if we feel you've gone too far astray...

Keep it simple. and enjoy

[thmueller]

Hi Immy,

thank you for your response and the hint. For me is coding equal to understanding. That's a long story because i have learned all that stuff since i was 9. Since then i had to think about it in these terms. As mentioned i have learned a lot since the last 3 weeks about the strategy, the market and about me. First time i feel in the right place.
That's this is not useful for you is not that bad. To be honest till now it's nothing really new (beside the spread indicator but i haven't checked the signals with the entry alerts). For me the indicator takes care not to forget the higher TF's (e.g. check of the higher fractal levels), the wave counting. You have this done thousand and thousand time, you don't need that help for sure.

When i'm done with a proper tool to place and handle the trades the trading side get my full focus, promised. Than i will also hop on the skype train and learn by doing.

[immy]

Hi Immy,

thank you for your response and the hint. For me is coding equal to understanding. That's a long story because i have learned all that stuff since i was 9. Since then i had to think about it in these terms. As mentioned i have learned a lot since the last 3 weeks about the strategy, the market and about me. First time i feel in the right place.
That's this is not useful for you is not that bad. To be honest till now it's nothing really new (beside the spread indicator but i haven't checked the signals with the entry alerts). For me the indicator takes care not to forget the higher TF's (e.g. check of the higher fractal levels), the wave counting. You have this done thousand and thousand time, you don't need that help for sure.

When i'm done with a proper tool to place and handle the trades the trading side get my full focus, promised. Than i will also hop on the skype train and learn by doing.

like I said before, "it your journey" try to keep it simple and don't forget to have fun, Enjoy it... that's what we are here for... to learn to have fun...

[thmueller]

Hi guys,

nice one in the afternoon.

2016-03-14_1739_001.png

[immy]

Hi guys,

nice one in the afternoon.

2016-03-14_1739_001.png

Its not a bad setup, but you have to learn an important thing about volatility. [don't code it yet. wait]
There were no economic events on the horizon today, one of a very low activity day on all the fronts. GU was particularly quite however AU was active since the open in the far east and down under.

We don't trade M1 just because we want to trade m1. We want to trade m1, because we want to trade highly moving volatile markets with the lowest amount of risk per trade. If the market is NOT moving in a high volatile fashion, the edge disappears. No matter how beautiful the pattern appears to be, the market is not moving, ATR is low, volatility is low, range is low, we don't want to be in those markets. Like Einstein said nicely, "nothing happens until something moves"... this is the sort of universe we live in...

hope it makes sense.

[thmueller]

Hi Immy,
does it mean that we don't trade on such days? How do I know when the volatility is not high enough? Is there a rule of thumb for volatility?

Thank you in advance.

Cheers Thomas

[immy]

MARK I Indicator