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

[immy]

[Jasmien]

This was a big lesson for me today!

[Jasmien]

[Jasmien]

Nice trading on gold, it almost looked like it's going to stop you out and than bang into Tz1, I love that!

Thank you Jasmien. Yes, it nearly took out the SL a couple of times. Its that patience that helps. However it did not end as good as It looked on the last pictures. IT went up and close one entry for BE and other for small profit. NEXT

15 Nov 2017

Here is TRADE 9

AUD/USD -

Entry Cherry

DS 1 : Result -1R Rent



The good thing about cherry is , it does not take long if its a rent.

It sure doesn't take long it either goes or rents

[immy]

Trade 11
Date: 16 Nov 2017
Cherry
Short



Update :

Add one Seed





Result:




Rent : very small rent but News spike up, a little got us out. Good Trade DS1

[immy]

Trade 12
Brent
H1
Short
Setup 1

Result: Rent pad but DS1 perfect B Trap

[immy]

Trade 13
EUR/USD H1
16 Nov 2017
Market Close time
Apple Signal into 5

Result: Rent but DS1 Exit on Green line



Update



Update: all three running. If it turns into a Nice 5 up this could b a good one but may be not as its friday and Draghi is scaring people
(what I said above is totally subjective and does not lead to great trading decisions. I should stay objective)



Result:

All trades were running but lost mojo and started going sideways...

[immy]

The Apple Trade



Can I trade DAX M5/M1 alongside H1 ?

Yes and No.

You can do it if you've already completed 10 Batches of T20 on H1. Assuming you are there

!Its quite possible and very easy to trade Dax m1 for 2-3 hrs without any conflict with H1 routine ...

[immy]

AUD/JPY - Welldone Dorian on taking this trade



AUD/JPY H4 Hunt Signals


EUR/NZD H4 nice long Cherry and Seeds



EUR/AUD H4 Seed Signals



EUR/AUD H1 Setup 1



I'm pumping out these again and again, very repetitive but what else can we do? its the same thing ... we have to drill it down deep...

[immy]

There are couple of ways to play with TZ1

We know that price often bounces off TZ1 but we also know that its not the touch of TZ1 where Wave 5 ends
Actually Wave 5 ends within TZ i.e. Tz1 and Tz 2

So For those of you who understands this concept probably this would make sense. We can implement it in our trading to allow us to catch trades like these



This picture shows that it had hit TZ1 but the wave was pretty nice , there was no divergence yet. When there is no divergene it often indicates tha the 5 of 5 might still be there ...

So here is what we can do.
If you see a signal, a setup 1 signal or Hunt that is going into wave 5, and if there is less than 2R distance towards TZ1 you would filter the trade.
One can also argue that even if there is 1R distance we can take the trade. agreed.

So if there is no divergence, and and it hits TZ1 and pullback, creates a hunt pattern, we can actually take those trades. and the above example is perfect picture to get it.

Here in the EUR/NZD chart you see there was a nice opportunity after it went above TZ1 ... Its because it seems to be creating a new 3. this TZ1 might become invalid if it went above tZ2 later.





Lets hope I get commmetns from people who get this ...

anyone?

ps: in other words its BEST to Keep Working Towards to TZ (note I said TZ not TZ1 only). Its best to work to wards it and its an "option" to make TZ1 or TZ2 as your hard TP. So working towards TZ1 is essential , exiting inside or near TZ is an option that one can take...