Immy's Corner [The Setup The Hunt - T20's and more]

[Tomi]

Nice reading of charts! Trading markets that tells a good story is fun thing to do.

[immy]

Yep, thanks Tomi

Oh and I forgot, whats' the benefit of this analysis?

Well, the point I was making is that this C down could have been traded... I did also on GU using a simple Classic Breakout on the H1 chart. I took long on Swissy too...

[immy]

A little point about the difference of D1 and M1

Why M1 and D1 are differnet.jpg

in the pic above you can see, due to the fact that D1 allows many pippage, youcan take what we would call Low probability breakouts while trading m1??

why because M1 ONLY allows you trade the most strongest of Wave 3s and 5's... anything else, like a c and minor breakouts are not profitable... very useful and distinctive trait ... between m1 and D1

[immy]

something I thought I'll copy on to this space from Skype room

[Tomi]

Excellent Immy. Hunt signals are the best in beginning of the wave. After bigger move, let it settle and look for S1's.

[immy]

a Quick Fire trade for the dax and/or M5/M1 lovers


Setup 1 Setup 1 Setup 1... ignore the rest ...

[Tomi]

Great trade Immy. I traded it exactly the same. TP was in TZ1 but closed eventually on TZ1(a). S1 is a fantastic setup when price retraces to HTF green/red area. Trade is always fun to take.

[immy]

Why do people take pride in taking a profitable trade while breaking rules?

Are they showing a metaphorical finger to the world or rules? Hey look I did not follow your rules and still got a massive winner?
Hey I'm so good ....

the fact is, Winners and Losses are Randomly distributed... which is why , you have to apply the Law of Averages to the chart as well as the chart of your equity...

your equity also has a running chart. Every night / time when you end your trading day, there is a "closing price/level"... and the next morning there is an opening price/level. what happens in between becomes the range of the Candle/Bar/period. it will have red candles and green candles ... what you want is a 20MA plotted on your chart and you want the equity CLOSE levels to be consistently above that 20MA... Plot your equity using any spreadsheet software.

[immy]

There was ecb news released yesterday it sort of spiked both ways but what it did to eur/usd was that it set it on the course of going up. Perhaps it was waiting for that press conference. Later it created the much loved Hunt Seed signal.

Below is a picture of how a hunt seed also points out, almost always, a beautiful setup 1. The setup 1 that we teach you how to trade in the Skype group is not the setup 1 we talked about in the book. This one is better. Its success rate is 66% proven by not me but a dozen of AIMS members who had the tenacity to undergo a disciplined regime set out for them by themselves.

2017-09-08_11-01-14.png

[immy]

So Ramy was wondering if this current seed on the h1 chart was tradeable on m15. becasue he saw a setup on m15 and noted that since h1 also has seed , does that make it a good setup.

the answer lies in undersatnding the basic concept of AIMS trading.

WE want to trade the 5... He actually asked the question without seeing my above post. so I repost the picture along with other two to e xplain.

Check my signature ... Work towards TZ1