Momo's Journal

[immy]

Trade 10i think i should secure it to BE when it was 10 pips above..

No you don't need to do anything. Simply follow the trade management plan . and for T20's it should always be the simplest easiest.

that is

SL at -1R TP at 2R Move to BE at plus 1R.

this way your possible outcomes are only 3.

[momozazat]

now i got it immy . i saw acceleratum mention samething earlier. thanks guys for Patient Teaching. i know i am not a fast learner. but i do learn new thing everyday in this forum.

[momozazat]

Trade 11
1. What was TF traded? H1
2. was A0 close to 0? Yes
3. Was Alligator asleep? Yes
4. where Alligator Heading? Down
5. Was Purple Correct? Yes
6. Was dot candle inside AIMS? Yes
7. Setup UP Number Used? Setup 1
8. Was there a fresh AIMS Level?
9. How Far was aims Level? 39.8 Pips
10. How Far was SL set? 43 Pips
11. How Far was TP set? 86 Pips
12. Ratio 1:2
13. What was the Exit Strategy? Factal, BE when 1:1, Trail with Green Aligator after 10Pips
14. Result 0 Pips

070_USDCAD_H1_sell_signal_20170412000000.gif

_USDCAD_H1_sell_signal_20170412230005.gif

[immy]

TP at 2 times of SL. that is 2R away from entry. That way, you will have hit TP just below TZ1. but i would put my TP just few pips above T Z1. that way you'd have got 1.75R. Trailing boxes is fine but that is better on D1 time frame where every candle is a concrete candle. Trailing boxes on h1, would stop your trades out during night time price action when markets are relatively dead. H4 would do ok too, so would be fine for m15 m5. ... But for the purpose of T20 you MUST put TP at 2R. have a good spring break...

[momozazat]

Trade 12
1. What was TF traded? H1
2. was A0 close to 0? Yes
3. Was Alligator asleep? Yes
4. where Alligator Heading? up
5. Was Purple Correct? Yes
6. Was dot candle inside AIMS? Yes
7. Setup UP Number Used? Setup 1
8. Was there a fresh AIMS Level?
9. How Far was aims Level? 27.6 Pips
10. How Far was SL set? 28 Pips
11. How Far was TP set? 56 Pips
12. Ratio 1:2
13. What was the Exit Strategy? Factal, BE when 1:1, Trail with Green Aligator after 10Pips
14. Result -28 Pips

070_USDCAD_H1_Buy_signal_20170426100000.gif

070_USDCAD_H1_Buy_signal_20170426140001.gif

070_USDCAD_H1_sell_signal_20170426180000.gif

[momozazat]

Thanks immy for info of box traililng.u rite, i was using H1 earlier, end up either exit earlier or huge lost. that's why i put BE earlier whenever i reach 50% of my TP. May be i would try to follow H4/D1 next time.

[immy]

We discussed the above setup of UCAD in the skype room and how we should not have taken it. hint: we don't use the orange bars on AO. If you watch the video in "just joinded" topic. This orange bars was for m1/m5 and we stopped it around 3 years ago. We like to see solid cross of ZL. hope it makes sense.