PaulF's Journal

[PaulF]

Trade 6, -6.9:

aims-eurusdsb-20120123-06.gif

[PaulF]

Tuesday 24th January.

Oh dear oh dear... 5/5 losers today...!!

Trade 1, -4.7:

aims-eurusdsb-20120124-01.gif

[PaulF]

Trade 2, -4:

aims-eurusdsb-20120124-02.gif

[PaulF]

Trade 3, -2.4:

aims-eurusdsb-20120124-03.gif

[PaulF]

Trade 4, -3.7:

aims-eurusdsb-20120124-04.gif

[PaulF]

Trade 5, -0.3 (entry above M5 AIMS):

aims-eurusdsb-20120124-05.gif

[PaulF]

So: down 15.5 on the day, and it felt a lot worse than that!! As always, I'd be grateful for any feedback.

[msk185]

Hi Bobby

Looks like a tough day, my observation of the trades are that on trades 1 and 2, the % min chart looks like the alligator is "asleep", I prefer to wait for the alligator to show direction on the 5 min ie 1 min setups in direction of 5 min trend.

Trade 3 looks like a good setup, just unfortunate in that the wave 5 move that looked to be occuring didn't have much strength.

Trade 4 looks to be counter trend on 5 min.

I didnt see much today hopefully see some better setups tomorrow

Cheers

Mike

[PaulF]

Hi Mike

Many thanks for your thoughts. I'm not sure I've ever fully understood how to use the M5 chart to filter out trades against the M5 trend. I think that Grant doesn't use the M5 chart in that way at all, and just uses the purple line on M1 as a trend filter...

Is that right Grant??

BobbyF

[Grant]

HI Bobby,

yes correct, purple line and the m5 aims levels...

cheers

Grant