Daily Trade Opportunities anyone ...?

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immy
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Re: Higher Time Frames

Unread post by immy »

humpha wrote:Anil,
It is steves indicator, http://mostly-forex.blogspot.com/" onclick="window.open(this.href);return false; it is one of the best indicators I have ever used, on the 1min chart it shows potential take profit areas and nails them. I have decided to be more patient with the higher time frames and wait for the cross of the AO. All the best, steve's indi is available at a small cost but guarantee it will pay for itself very quickly.
HI

I would like to add that the reason that it is one of the best indicators is because there is a very strong logic behind it. We always looked at M5 aims levels for taking trades on m1 and always filtered trades when M5 level was too close which helps greatly during choppy sideways markets and Steve went on and coded an indicator that put that logic on screen for us. now all one needs is simple one look at the screen and you know exactly whether you should or should not a trade and where exactly should your entry level be if M5 is close !

May the pips be with you
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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snorm
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Re: Higher Time Frames

Unread post by snorm »

humpha wrote:Anil,
It is steves indicator, http://mostly-forex.blogspot.com/" onclick="window.open(this.href);return false; it is one of the best indicators I have ever used, on the 1min chart it shows potential take profit areas and nails them. I have decided to be more patient with the higher time frames and wait for the cross of the AO. All the best, steve's indi is available at a small cost but guarantee it will pay for itself very quickly.
Thank you for the kind words about my humble indicator Humpha - I'm very happy to hear that you're enjoying its benefits.

cheers
Steve
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flugzeug
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Re: Higher Time Frames

Unread post by flugzeug »

Hi All,

Thanks Tony, Immy and Steve. I will shortly buy this indicator, looks very good.

I took a long USD/CAD yesterday. I closed -32 pips. I guess I should have been more aware that there was a FCOM statement due.

Guys, would you have not take this trade as there was resistance close by?
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flugzeug
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Re: Higher Time Frames

Unread post by flugzeug »

Just a question for all of you.

I have found that on the higher time frames, following the "I trade aims" rules, if one was to only look at 4 hour charts, there seem to be less false starts. EG: you stay in a trend for longer according to the rules, compared to the 1hour? Obviously you must wait longer for the signal. For example, yesterdays trade on the CAD (above), would have been negated on the 4hour as the there was no aims break and the purple line rule was on the wrong side.

I would appreciate your views, given all of your experiences.

Many thanks in advance!
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immy
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Re: Higher Time Frames

Unread post by immy »

flugzeug wrote:Hi All,

Thanks Tony, Immy and Steve. I will shortly buy this indicator, looks very good.

I took a long USD/CAD yesterday. I closed -32 pips. I guess I should have been more aware that there was a FCOM statement due.

Guys, would you have not take this trade as there was resistance close by?
Anil

The AO is a bit OLD there but if it was an M1 chart I would not have taken this trade, as you rightly mentioned, due to the AIMS Levels to the left. I'd trading into what they call Resistance, I prefer an AIMS Level.

Though trends on anything higher than h1 is difficult to find these days, h1 does trend nicely. Just make sure you're in tune iwth H4 and D1 charts, in terms of direction. IMHO>

cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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flugzeug
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Re: Higher Time Frames

Unread post by flugzeug »

Thanks Immy, another lesson learnt!
msk185
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Re: Higher Time Frames

Unread post by msk185 »

Hi took a eur 15 min trade today, just closed at 2% for both trades. Took the initial break below the 15 and 60 min lows and then did an addon on second break.

Both trades ISL was 30pips and tgt 60 pips, 1st trade hit target as would the second trade but I inadvertently closed for 15 pips profit.

Picture below

Mike
eur 15.gif
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immy
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Re: Higher Time Frames

Unread post by immy »

Well Done on that ! Great
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Grant
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Re: Higher Time Frames

Unread post by Grant »

Morning,

I know i'm on holiday but my better half agreed i could look at the LO before the days activities with the family.

So i have just taken this set up 1 dot that became a set up 2 entry on EJ after it made a fresh AIMS high looking for a 5th wave up.

Have managed to get the 1st SL move in so now its at half risk. TP is at 103.78 around the weekly R1 which in turn is just short of the FE 50 of the entire move.

cheers

Grant
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success = patience + discipline - greed
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Grant
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Re: Higher Time Frames

Unread post by Grant »

Afternoon,

Have just moved to BE on the EJ trade..

AIMS trail would have started at the close of the previous candle which would have meant SL would have been at -14, but as it is an inside bar at the H4 and Daily AIMS levels i have moved to BE. Hopefully as it was the highest close of the day it will kick on through those levels to the target, at the very least its a free look so we'll see...

cheers
Grant
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success = patience + discipline - greed
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