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

[immy]

HERE IS A PERFECT SETUP 1 PICTURE ... [PERFECT SETUP 1 WITH zig zag wave 4] There are perfect Setup 1's with Perfect FLAT Wave 4. those are even better.

[immy]

HERE IS A PERFECT SETUP 1 PICTURE ... [PERFECT SETUP 1 WITH zig zag wave 4] There are perfect Setup 1's with Perfect FLAT Wave 4. those are even better.

The perfect is getting better ... doing what its supposed to do .

2018-07-03_11-19-41.png

Below TZ1 is based on Start of Wave 1 - TZ1 long way to go

2018-07-03_11-29-37.png

Adjust it to to Wave 3 start ... better now

2018-07-03_11-30-43.png

[immy]

There is more chances wave 5, or possible 5 will hit peak of 3 before it either goes to hit tz1 or returns and comes back up. sometimes not even making a wave 5 or making what Snorm loves calling a "truncated" wave 5. There is no such thing as truncated wave 5 in aims method but eWave / eWH has this concept. It can be used but just not used for Setup 1.

However here is a way to Milk more milk out of the same "others"

More out of S1.png

[immy]

[samipe]

Ok thank you Immy.

[immy]

The D1 chart is showing a Wave 3 down, followed by a Wave 4 up.
The Wave 4 seems to have ended and we see an impulse down , which could be seen as wave 1 of the new wave possible wave 5 down.
As you drop to H4, there isn't yet a Red Dot Setup 1 but the Three4 Setup (A terminology I coined recently to identify the wave formation for Setup 1) is present.
It might form a Setup 0 short , later. But the point of interest is this.
Wave 5 down must turn into a wave 3 because D1 is showing as 1-2. So what we see as 3 on H4 might become wave 1 when the next wave becomes wave 3. Hence if you take the cherry on D1 or the Setup 1 on H4, put your Targets around TP2. Why TP2? becasue TP2 is where a Wave 5 becomes a wave 3.

GBPCAD H4 D1 analysis.png

GBPCAD H4 D1 analysis H4.png

[immy]

The D1 chart is showing a Wave 3 down, followed by a Wave 4 up.
The Wave 4 seems to have ended and we see an impulse down , which could be seen as wave 1 of the new wave possible wave 5 down.
As you drop to H4, there isn't yet a Red Dot Setup 1 but the Three4 Setup (A terminology I coined recently to identify the wave formation for Setup 1) is present.
It might form a Setup 0 short , later. But the point of interest is this.
Wave 5 down must turn into a wave 3 because D1 is showing as 1-2. So what we see as 3 on H4 might become wave 1 when the next wave becomes wave 3. Hence if you take the cherry on D1 or the Setup 1 on H4, put your Targets around TP2. Why TP2? becasue TP2 is where a Wave 5 becomes a wave 3.

GBPCAD H4 D1 analysis.png

GBPCAD H4 D1 analysis H4.png

John Data pointed out a nice setup 1 on H4 today in slack. its the same analysis like the GBP/CAD I pointed out. So we discussed it a bit further. I think this one is ready to be taken

NZDCAD D1.png

its a proper Hunt Signal on D1.
on D1 it has a clear 3 and 4. and it has a monarch cherry.
so H4 wave 5 down, has a chance of turning into a Wave 3.

NZDCAD H4.png

I will increase my chances of success and put TP near the Peak of 3.

[immy]

The D1 chart is showing a Wave 3 down, followed by a Wave 4 up.
The Wave 4 seems to have ended and we see an impulse down , which could be seen as wave 1 of the new wave possible wave 5 down.
As you drop to H4, there isn't yet a Red Dot Setup 1 but the Three4 Setup (A terminology I coined recently to identify the wave formation for Setup 1) is present.
It might form a Setup 0 short , later. But the point of interest is this.
Wave 5 down must turn into a wave 3 because D1 is showing as 1-2. So what we see as 3 on H4 might become wave 1 when the next wave becomes wave 3. Hence if you take the cherry on D1 or the Setup 1 on H4, put your Targets around TP2. Why TP2? becasue TP2 is where a Wave 5 becomes a wave 3.

GBPCAD H4 D1 analysis.png

GBPCAD H4 D1 analysis H4.png

John Data pointed out a nice setup 1 on H4 today in slack. its the same analysis like the GBP/CAD I pointed out. So we discussed it a bit further. I think this one is ready to be taken

NZDCAD D1.png

its a proper Hunt Signal on D1.
on D1 it has a clear 3 and 4. and it has a monarch cherry.
so H4 wave 5 down, has a chance of turning into a Wave 3.

NZDCAD H4.png

I will increase my chances of success and put TP near the Peak of 3.

SL has been moved to BE by ATM. CAD News Helped it alot

How to Trade The NEWS? or How to benefit from News Moves?

Answer is Simple

ABBC3_SPOILER_SHOW

Trade the HTF

[immy]

A Way to Time Your S2 Signals in a price action manner ...

Here is a bit I learned from Steve and Experience...

Price usually "Re-Tests" the level it breaks... Sometimes it will show confirmation on the same time frame, other times you can "localise" the retest on lower time frame....

DAX H1 Signal M5 entry.png

ABBC3_SPOILER_SHOW

DAX H1 Signal M5 entry 2.png

[immy]

There are several patterns one can identify and use to their advantage. One of them is the concept of the 000. Also known as the Big Round Numbers or in short BRN.

This is not a new concept but one we deliberately chose to not take into account some 5 years ago. The Reason was that we did not want to use this information to stop us from "letting it Run".

However there are benefits of using this information. It can help these questions

1. Where was Price, Where is it coming from?
2. Where is Price going? What is the next likely place it might stop halt or turn around?

If you look at the charts below you might see some patterns. AT some levels nothing happens. So we are only interested in the most recent levels and we are only interested if its "reacted" to those levels in the near past.

You can find many more examples. But let this be just another "factor" useful tool. I suggest you do some healthy back testing and create a simple objective rule around it. e.g. if entering near one of these, and levels to the left shows previous "interaction" [understand this term] you might want to be cautious. We want to use this information to help "increase" our "success" rate but not to hamper our ability to get into trades. So balance is required, as always.

I've also included an AIMS BRN Indicator in case you needed one. Visit your DASHBOARD.