Joel's Fruit Campaigns

[immy]

Ahhh, finally the Chronicle of Raklian arrives. The newspaper boys of New York would be running hard to get their copy every morning .

forgot to add the screenshot

4. Don't trade the 4th waves. and if you do, trade it "I know it could be 4 down" so I have to on the lookout ...
2. Yo usaw that you have missed a strong FRUIT long. with a Great angle. between trade 1 adn 2.
You have to know, this pattern. this is the B trap. it gave you af fruit long . though you'd have stopped out since it poked below the fruit at 2. but look where it went? up very strong.
3. now market has gone too far up. strong. AO peak is BIG. Not the Spot for HUNT
5. OK but you know y ou're in a sideways market. all you gonna get is scalps. were you looking for scalps?
6. Very good trade.

[immy]

Raklian 24 Jan 2019.jpg

[raklian]

Ahhh, finally the Chronicle of Raklian arrives. The newspaper boys of New York would be running hard to get their copy every morning .

forgot to add the screenshot

4. Don't trade the 4th waves. and if you do, trade it "I know it could be 4 down" so I have to on the lookout ...
2. Yo usaw that you have missed a strong FRUIT long. with a Great angle. between trade 1 adn 2.
You have to know, this pattern. this is the B trap. it gave you af fruit long . though you'd have stopped out since it poked below the fruit at 2. but look where it went? up very strong.
3. now market has gone too far up. strong. AO peak is BIG. Not the Spot for HUNT
5. OK but you know y ou're in a sideways market. all you gonna get is scalps. were you looking for scalps?
6. Very good trade.

Thanks for the great feedback, Immy. The comments in the picture above were great.

[raklian]

Trade: B1-C7
Date: 1/25/2019
Pair / TF: DOW M1

Pre-trading market assessment: DOW was trending up. On H1, going up strongly after breaking a box high and reaching D1 box high.

1 - Fruit entry & FAO: Market reached D1 high. Price spiked after consolidating, creating an angle so it was a good fruit to test . SLIGHT PROFIT & RENT

I recognized the fruit at the bottom as an apple - the trend was upward and the sharp move down created a great angle. I did not take it because I was biased towards going south due to my existing positions. I did not want to think I was wrong.

2 - Another opportunity to take fruit, with strong push upward after Wave 4 and great angle formed. RENT

3 - Took this fruit thinking market is due to go south (BIG MISTAKE). Hindsight: at this point, price breached the D1 high so trend was likely to keep going up. - RENT

4 - Fruit entry & FAO - BAD ONE. Price action was parallel with gator. Need to remember this. 2x RENT

5 - Fruit entry - Saw it as a two bar fruit. RENT

Today's haphazard trading tells me I keep trading against an obvious trend, thinking it should turn around soon. Essentially, I am not realizing what I am actually seeing.

Immy asked me to (trade with the trend) and from now on for a week or two start trading just box breakouts at the direction of (the trend) when it is showing an angle. He told me that when the MA is flat, the market tends to oscillate up and down. I will do this training exercise in the hopes of learning how to recognize the difference between a trending market and that of a ranging one.

DS for the Day: DS0
Total DS: 0/7 (0%)

[immy]

Trade: B1-C7
Date: 1/25/2019
Pair / TF: DOW M1

Pre-trading market assessment: DOW was trending up. On H1, going up strongly after breaking a box high and reaching D1 box high.

1 - Fruit entry & FAO: Market reached D1 high. Price spiked after consolidating, creating an angle so it was a good fruit to test . SLIGHT PROFIT & RENT

ABBC3_OFFTOPIC

iMi Reply: Need to point out important distinction here. The two "entries" are part of ONE TRADE. One Position split in three. Got to make this concept clear and fully understand it. Your RISK perception should be that you are READY to risk x% on this "trade idea" where you scale into a "position". At the end of the "campaign" you count the combine effect and call it a rent or profit trade. Don't torture or on ther end congragulate yourself for having 3 losers or 3 winners. Its ONE TRADE

I recognized the fruit at the bottom as an apple - the trend was upward and the sharp move down created a great angle. I did not take it because I was biased towards going south due to my existing positions. I did not want to think I was wrong.

ABBC3_OFFTOPIC

iMi Reply: The bias happens. Its really hard to switch , what you call, "bias" specially on an m1 chart. The whole idea is to not carry a bias at all. But some people can't trade without having one. Its ok, gotta work around what we can and cannot BE

2 - Another opportunity to take fruit, with strong push upward after Wave 4 and great angle formed. RENT

ABBC3_OFFTOPIC

iMi Reply: You see the language here. "another opportunity to take fruit". is that really the objective of our trading? Finding fruits? Or is it to find patterns in the market that gives an edge. And part of finding that pattern is the basic understanding of which way is the market trending. as in the old classic Technical Analysis of The Financial Markets by John Murphy, Trend has Three Directions page 49.
Now note another interesting point. did you notice that there was a pretty good breakout trade long just before the number 2? Would not deserve its own bullet point? poor box with sleeping gator and giving indication of a possible breakout in the direction of the trend?

3 - Took this fruit thinking market is due to go south (BIG MISTAKE). Hindsight: at this point, price breached the D1 high so trend was likely to keep going up. - RENT

ABBC3_OFFTOPIC

iMi Reply: Ah the classic concept off a "resistance" turning into a support" as the box high rejects the down move and continues upwards. The is continuously creating HHHL. Shown by both Box stepping up pattern and Open Gator and Peaking AO.

4 - Fruit entry & FAO - BAD ONE. Price action was parallel with gator. Need to remember this. 2x RENT

ABBC3_OFFTOPIC

iMi Reply: Not 2X Rent. 1 RENT.

5 - Fruit entry - Saw it as a two bar fruit. RENT

ABBC3_OFFTOPIC

iMi Reply: You've shown some resilience here. don't know what were you trying to do? you've ended up taking short positions at each peak of the trend up. imagine if it was done the other way round. And no i'm not even talking about getting in on pullbacks. I'm saying buying the highs and selling higher.

Today's haphazard trading tells me I keep trading against an obvious trend, thinking it should turn around soon. Essentially, I am not realizing what I am actually seeing.

ABBC3_OFFTOPIC

iMi Reply: It indicates that you might be a person who keeps very strong opinions, forms bias and won't budge. Use this to your advantage. TREND TRADING might be the answer. As you've pointed out below that's the plan for next week. I won't be surprised now if the next week is an extremely choppy sideways market

Immy asked me to add a

ABBC3_SPOILER_SHOW

120 smoothed moving average to the chart (in the attached chart now)

, and from now on for a week or two start trading just box breakouts at the direction of this MA when it is showing an angle. He told me that when the MA is flat, the market tends to oscillate up and down. I will do this training exercise in the hopes of learning how to recognize the difference between a trending market and that of a ranging one.

ABBC3_OFFTOPIC

iMi Reply: the main point was NOT about oscillation. The main point is to trade with it just like the Purple concept. Its your Major Trend. Gator/Boxes are your Shorter term trend.

DS for the Day: DS0
Total DS: 0/7 (0%)

Note that you pointed out at the beginning that the trend was up. I wonder if that was your assessment while trading or after?
In essence we are now doing Stage 1 Setup 1's, but not the Strict way of The Setup 1 flow chart. The Fact that you are being "mentored" you can take the slightly more "scenic" but dangerous route, knowing that you are safe. So risk is lower. The Fruit Template Setup 1's are different. You don't wait for dots. And can be more discretionary about box sizes depending on how your "perceive" the market on that day.

Edit: did I fail to mention or give you this rule (I often assume its already understood. its a mistake from my side) We try max 2-3 times finding the "turning points" after which we give up and WAIT for next WAVE. i.e. take a fruit, take the next. then give up on it unless there really is clarity.

[immy]

Point 5, 2 bar fruit. it took me about 5 years to even consider that. and here we are , week one, 2 Bar fruit.

I am absolutely sure, its simply the minds trick of "getting in" on that trade.

Its time you bump your Risk per trade a bit. you need to lose at least 20-50 dollars per campaign. I'll see how you end up taking that many trades. Bump it up. (saying it from the point of view of your account size. But ofcourse if that amount itself raises alarms in your head, then chose an amount that hurst a little at least. you know, like spilling a cup of coffee that you really wanted and waited in line for 5 minutes to get one... )

[immy]

Another point

Do you think you should be trading 100% mechanically? and let me guess, your answer is probably, NO.

IF so, are you a system trader? or are you a discretionary trader?

In reality, that fact that you are not using a fully automated method, you are a DISCRETIONARY trader. It might come as a shock to some but whoever sets manual orders and takes trade and risk management decisions on a daily basis are exactly that. Otherwise you'd just code it and hit the bahamas.

Having clarified that, do you think you should TAKE every signal that appears on your chart? (assuming you are not stage 1-2 where the sole objective is to take ORDERS from the SYSTEM)

[raklian]

Trade: B1-C8
Date: 1/28/2019
Pair / TF: DOW M1

Pre-trading market assessment: DOW is trending down, after breaking a H1 level bottom. The Concrete Line is pointing down, so bias is to go short.

1 - FBOX entry - not the best one but still a technical FBOX break to the downside. Got B-trapped so stopped out quickly. RENT

2 - FBOX & FB - Exited at green line. PROFIT

3 - FBOX & FAO - Got the "scaredy-cat" bug so I exited at two points, above the fruit and then at at big green engulfing candle. I should have followed the rule of waiting until close beyond the green line. I would have gotten greater profits. PROFIT

4 - FBOX - Exited at close beyond green line. PROFIT

5 - FBOX - Exited at break of AIMS box. PROFIT


Ended the day with a very, very slight profit. All those little profits were enough to erase the losing trade, but overall it was a breakeven day.

Now, I'm wondering if I should have scalped for profits rather than wait for the trades to turn around and hit the green line. Immy, is there way for me to determine whether the conditions are right for scalping profits?


DS for the Day: DS0
Total DS: 0/8 (0%)

[immy]

DO NOT allow your mind to switch into scalping mode. IT will DESTROY your ability to HOLD.

at least not at this stage. You have to Understand how the M1 market moves, how that specific market that you've chosen to trade moves.

As you carry on trading you will know and learn when to take profits quickly and when to find ways to let it run.

You're currently learning how to nail the open trades, and how to catch the FBOX into the next wave 5. (not every FBOX is a higher probability entry).
And then gradually as you keep doing this, you will begin to understand WHAT REALLY is Fruit method reversal entries...

keep going...

[raklian]

Trade: B1-C9
Date: 1/29/2019
Pair / TF: DOW M1

Pre-trading market assessment: DOW is trending up. The Concrete Line is pointing up, so bias is to go long. Additionally, it's heading towards a H1 support level.

1 - FBOX & FB - At the open, it hit the Concrete Line which coincide with the H1 support level. I placed a buy PO above the top box. After testing the Concrete Line, DOW sped up through the upper level and then created a new level which I added on just beyond it. I started trailing candles when price action became steep compared to the gator, and then exited when the trailing SL was hit. PROFIT

I was done for the day. The trade gave me nearly 80 pips in a matter of minutes.

DS for the Day: DS1
Total DS: 1/9 (11%)