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

[immy]

~Meanwhile GU is Setup 1 (ish) on h1 and likewise a seed on H4 ... how amazing is this Hunt Methodology/Concept

GU H1 Setup 1


GU H4 Hunt Seed


ps: Thanks Jasmien , its my pleasure ...

[immy]

I will give further explanation as to how I will take my trades in this batch later but quickly it will be as such
I'll be looking for Setup 1 on H1 on 10 pairs. I will also look for Hunt signals on 6 pairs among the 10 pairs
If I find a hunt signal on h1, i might check m15 and if i find m15 a better setup 1, I'll take it on m15
If I find a Setup 1 on H1 I might check H4 if there is a better Hunt signal I might take it on H4.

Note: I'm doing this for the forum otherwise I already have offline journal and recording system.

Here is T20 Batch 2 Trade 2
USDCAD M15 Setup 2 Pink Dot Breakout into Wave 5 taken Market Oder




Result: -1R Rent
Discipline Score: 0 [because I know better. I could easily have filtered it]
Total Score 0/1 [oh man that's funny]

[immy]

[immy]

There was a Hunt Short Signal but looking at M15 you'd have filtered it like so.

[immy]

[immy]

Hi

So we have decided to switch our time frame to M15. We will trade the following pairs
EUR/USD GBP/USD USD/JPY and DAX30

WE will take All Hunt and Setup 1 signals.

below I have an example of a Seed signal on EUR/USD m15 but is it one to take?

How to Filter Valid Hunt Signals using wave analysis.

► Show Spoiler

Filter it. AO is big on m15. And that means that its been going for some time. that menas it must have completed waves under neath the m15 chart. so on m1 we see its completed 1-5. Iwas waiting for a hunt signal around the pullback on m15. Thats where you see the wave 4 on m1. But we did not get hunt signal on m15. though one could have trade m1 setup 1. but we will NOT trade m1.


Updated later:
We were right about the completion of waves, hence we were right to say, "AO was too big" or "AO was peaking". that is what we mean by those phrases.

[immy]

Took a seed on GU m15 even though i decided to ignore the cherry earlier.

Its BE now.



Messed up risk percent should have been around 10 lots but it went 1 lot. oh well , should this be DS0? may be ... but i won't do that. so its D1 for now.

I don't have 2R TP for this. I will trail the boxes.

Result: BE DS1 Total DS: 2/3

[immy]

Hi

So we have decided to switch our time frame to M15. We will trade the following pairs
EUR/USD GBP/USD USD/JPY and DAX30

WE will take All Hunt and Setup 1 signals.

below I have an example of a Seed signal on EUR/USD m15 but is it one to take?

How to Filter Valid Hunt Signals using wave analysis.

► Show Spoiler

Filter it. AO is big on m15. And that means that its been going for some time. that menas it must have completed waves under neath the m15 chart. so on m1 we see its completed 1-5. Iwas waiting for a hunt signal around the pullback on m15. Thats where you see the wave 4 on m1. But we did not get hunt signal on m15. though one could have trade m1 setup 1. but we will NOT trade m1.


Updated later:
We were right about the completion of waves, hence we were right to say, "AO was too big" or "AO was peaking". that is what we mean by those phrases.

@Jozef

Here is what I mean by waiting for breakout and pullback. And that these pullbacks were ok but not enough to create a signal.

[immy]

[immy]

Trade 4
Batch 2
USD/jpy
M15
Setup 1

Been looking at it all day, went up then pulled back. not very strong markets today but its NY session now could give us some move to achieve a 20 pip 2R.
its in now



Update:


Update: Stop loss moved below Retest Level


WE got trapped by the mighty B