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

[immy]

Review

1. This is an excellent double fruit setup. Purple nicely sloping down and showing the trend is down. I saw on D1 price bounced off the apple since start of Jan. Was on its way down to the D1 box lows.
2. Market in downtrend but created this sideways range. Apple bouncing off the highs of the Range, its not near the bottom, its not in the middle. its near purple and near the high of the sideways r ange
3. The box is an iBox. The Current box is the Tightest range box. the bars are literally squeezed inside it.
4.the boxes are funnelled with lower highs and higher low.s Read Again, Lower Highs (stepping down) and Higher Lows (Stepping up)
5. Fbox , setup 1 used. If you did not trust or take the Apple entry, this was your last option to get in on this trade short.
6. in hindsight this was the spot where I should exited at least one entry if not all.
7. if not at 6 then this was the spot to exit or get out all of it. instead
MISTAKE: i let the market run over night.
8. I was looking at the D1 chart. and thinking. what if we let it run towards the Box lows. and I was right but the current Trade management did not work for that. I have to be clear what I want. Do I want "h1 Intraday trades" or do I want H1 entries but swing trades?

The D1 box levels played a part in each Lows that was made on the h1 chart the next few days until today.

[immy]

WE are trend traders and we want the markets to move

But for some reasons, markets have very low volume.

This could also be building up to some catastrophic event that might bring alot of volume and volatility back.

Here is a graph of Volatility.

image (4).png

So if you have not seen the best trend trades, its ok. Our time will come. Looks like Today's NFP has helped Euro trend. Though its not the direction the general public would like it to go. It is moving..
@vickyp

May be the Unspoken Flash Crash of 3rd of January has scared off alot of players. Even I can't really see the D1 chart correctly because of those big huge spikes.

[immy]

What we see on the Daily charts, or the hourly chart these days is not what is normal.

The markets used to trend like this EUR/USD Chart below



And the answer is, we don't know.

Meanwhile what should we be doing?

The simple answer is , to trade cautiously and trade the same setups over and over but taking profits at levels to the left at 1R or so.
When the markets change, and they start to trend. we will then let some trades run.

More focus will be given to Daily Charts overall in my trading. And I will discuss it here more and more.

cheers

[immy]

Trades for Today

[immy]

Trades for Today

Post Trade pictures

[immy]

Two Winning Hunt Signals on Dax today.

First one had 5 SL got 14 points.
Second one with 8 SL got 6 points on trailing candles.
Did not take the box break after that.
The last signal you see on the picture is one that should NOT be taken. Do not take a Hunt signal immediately after a Reversal Candle Pattern.
This is a Clear Fruity engulfing pattern.

Also find attached my print out I have hanging on my wall. to remind me,
I only trade THE SETUP. I have to ask IS THIS A SETUP?

[immy]

The morning started with no real momentum.

There was no breakout, not that I'm a big fan of LO breakouts , not anymore. I wait for it to breakout. then I see if its time to trade

While chatting and making fun of @Tomi and @sam market finally started to move. I was aware of it, so was tomi right at the first 1 minute cnadle. that happened .. rest of the story on the chart below.

[immy]

We want Setup 1 with 1-2 days Wave 3. not more. at least not in current markets when nothing is really trending on the D1 chart

[immy]

The morning started with no real momentum.

There was no breakout, not that I'm a big fan of LO breakouts , not anymore. I wait for it to breakout. then I see if its time to trade

While chatting and making fun of @Tomi and @sam market finally started to move. I was aware of it, so was tomi right at the first 1 minute cnadle. that happened .. rest of the story on the chart below.

when I get bored I look at the past week, and although I keep my detailed records in my offline database, I came across this one from the 20th of march. I really really like how I played this day. its really good.

[immy]

Do You Understand This?

Higher Probability Setups are Breakouts in the Direction of Higher Time Frame Trends

I "think" this statement is so simple in principle, it does not require understanding. And that is the problem.... (rofl)

so funny ... 7 years later