Edward's Journal

[edwardko]

Dear fellow AIMSters

I have just started learning the Stress Free Trading this week. I have read the eBooks and watched the video yesterday and took some "toe-in-water" trades yesterday to get a feel of things.

Today, I have started my T20 journals. I am based in Melbourne and I had 2 sessions today:
1. 10am-11am local time trading AUS200 M5/M1 Setup1
2. 3pm-5pm local time (Tokyo session) trading EURUSD M5/M1 Setup1.

Whilst I did not have any winners today, I would appreciate if fellow AIMSters or Immy if you can spare your valuable time o have a look thru the journal and Entry/Exit Charts to see if I have correctly understood Setup1.

My overall feeling from today's trade is that catching Wave 5 is a bit of an art. In the trades that I took, the alligator seemed to open up in one direction (which is also the M5 direction) only to reverse and go back to sleep/reverse causing the M5 alligator to also close.

In any case, I look forward to your constructive comments.
Edward

[edwardko]

Journal for another Setup 1 today - Batch 1 Trade 4

Trade Count B1T4
Server Date/Time 8/10/2019 11:57
Pair AUS200
Chart M1
Dir Sell
Red/Blue Dot Red
M1 AO close to ZL Crossed from Green to Red 11 bars before dot
SL Reasonable? Y
M5 Alligator awake? Y
M5 Purple close to but outside box? Y
M5 alligator status Wide open down
M5 AIMS limit close? N
Exit Type Trailing SL
Size 2
Price 6565.9
SL 6573.8
TP 6555.9
Notes 0.13% risk. Entry and SL adj buy 1 index point
Entry Chart https://www.screencast.com/t/fSaJc3TrN
Exit Chart https://www.screencast.com/t/fSaJc3TrN
Status Profit
Comment Fast move down - TP trailed to exit. Good downward momentum - no divergence so possibily still in Wave 3

Feedback much appreciated

[immy]

Journal for another Setup 1 today - Batch 1 Trade 4

Trade Count B1T4
Server Date/Time 8/10/2019 11:57
Pair AUS200
Chart M1
Dir Sell
Red/Blue Dot Red
M1 AO close to ZL Crossed from Green to Red 11 bars before dot
SL Reasonable? Y
M5 Alligator awake? Y
M5 Purple close to but outside box? Y
M5 alligator status Wide open down
M5 AIMS limit close? N
Exit Type Trailing SL
Size 2
Price 6565.9
SL 6573.8
TP 6555.9
Notes 0.13% risk. Entry and SL adj buy 1 index point
Entry Chart https://www.screencast.com/t/fSaJc3TrN
Exit Chart https://www.screencast.com/t/fSaJc3TrN
Status Profit
Comment Fast move down - TP trailed to exit. Good downward momentum - no divergence so possibily still in Wave 3

Feedback much appreciated

Welcome to the world of journaling. this is the right step forward. you must keep it going and continue to post. that's the only way forward

meanwhile if you'd like to display your images, you need to go to your jing upload. (follow the link you've posted) and then follow the following instruction in this image (i used the same technique to post this very image)

there is an "image" icon above, you know the one with mountains and sun.

[edwardko]

Dear Immy

Would appreciate your advice on a trade that I took today (GBPUSD M1/M5). Basically, I would like your advice:

1. In a Sell Pending Order, if after the PO has been setup, prices drift higher and a subsequent red dot is created wioth higher AIMS levels, do we adjust the untriggered PO to the new AIMS levels?
2. If we have a bracketed PO where the long trade has triggered nd the short is still pending, prices drift higher and a subsequent red dot is created with higher AIMS levels, do we adjust
a) the SL level to the higher AIMS level but leave the trigger price unchanged for a "matched" stop and reverse? OR
b) both the trigger price and SL to the new AIMS level where for a short period of time, we could have both the long and short orders running

DESCRIPTION



Today (10/10/19) at 07:57 server time, a red dot was created on M1. Both M1 and M5 alligators were asleep. My ungrounded analysis was that M5 just saw the completion of Wave 3 and therefore I expected correction down to 38.2 (or even 50% maybe) in the to be developed wave 4 and that was why I drew the fibo levels in my M5 chart. However, I wasn't 100% convinced and therefore decided to bracket my trade.

At 08:17, prices move higher to trigger the long trade. For a while, it looked like wave 3 was not fully done and that it wanted to move higher. In doing so, at 08:55, another red dot with a higher and taller AIMS box was created. The marginally higher prices didn't hold and at 09:01, the long was stopped out and the short triggered. Prices rebounded and at 09:04 took out my short trade too, only then to fall away to test the 50% retracement level.

I had not adjusted my untriggered bracketed trade on the basis of "Plan your trde and trade yoru plan". However, with perfect hindsight, an adjustment to the new Red Dot AIMS level would have seen the short trade succeeded and paid well.

TRADING JOURNAL
Trade Count : B3T2
Server Date/Time : 10/10/2019 8 : 12
Pair : GBPUSD
Chart : M1
Dir : Sell/Bracket
Red/Blue Dot : Red
M1 AO close to ZL : Y
SL Reasonable? : Y
M5 Alligator awake? : N
M5 Purple close to but outside box? : Y
M5 alligator status : Sleeping - looks like M5 going into wave 4
M5 AIMS limit close? : Y
Exit Type : SL
Size : 0.25
Price : 1.22253
SL : 1.22283
TP : 1.22223
Notes : 0.1% risk Entry/SL adj by 1 pip. Bracketed entry - both M1 and M5 sleeping
Status : Lost
Profit/Loss : -22
Post-mortem : Both long and short position got whipsawed. M5 still asleep. M5 Fibo suggested retracement likely. Need to update short trade levels based on latest info - Retracement pushed aggressively to 38.2R

Entry Chart


Exit chart

[immy]

Hi Edward

I'm a bit busy with guest this week. I'll respond to it in more detail. Maybe a video. But let me point this out first. For questions like these, which I LOVE btw, you simply need to reply to your own Journal. I RE ADD ALL THE JOURNAL POSTS. 30,000 posts in this forum, I can proudly say i've read 95% of them. (i think 100% but saying 95% just in case i don't know that I don't know)

cheers

ps: i'll move this post and attach it to your journal. https://itradeaims.net/forum/viewtopic. ... 183#p32309
pps: I've moved the post and attached it to your journal
ppps: meanwhile , i suggest you watch the video series, What is the Difference between Setup 0/1/2. and why we use Setup 1 as our main go to trading pattern. Link: in your dashbaord under STage 1 https://itradeaims.net/amember/page/dif ... etup-0-1-2

[edwardko]

Hi Immy

These are the journals for my 3 trades on Friday 11/10

Trade Count : B1T8
Server Date/Time : 11/10/2019 2 : 14
Pair : USDJPY
Chart : M1
Dir : Sell/Bracket
Red/Blue Dot : Red and blue
M1 AO close to ZL : Y
SL Reasonable? : Y
M5 Alligator awake? : N
M5 Purple close to but outside box? : N
M5 alligator status : Asleep Maybe corrective wave
M5 AIMS limit close? : Y
Exit Type : Trailing SL
Size : 0.2
Price : 107.874
SL : 107.931
TP : 107.817
Notes : 0.15% risk Entry/SL adj by 1 pip
Bracketed entry - both M1 and M5 sleeping
Entry Chart :
Exit Chart :
Status : Profit
Profit/Loss : 33
Post-mortem : Short triggered. Stopped and reversed to long which took off. Previously already retraced to 38.2 on M5 so correction over? Exited by trailing

Trade Count : B1T9
Server Date/Time : 11/10/2019 6 : 26
Pair : USDJPY
Chart : M1
Dir : Buy
Red/Blue Dot : Blue dot when trade was setup but red dot appered
M1 AO close to ZL : Y
SL Reasonable? : Y
M5 Alligator awake? : Y
M5 Purple close to but outside box? : N - intertwined with alligator
M5 alligator status : M5 sleeping. M30 bullish alligator open
M5 AIMS limit close? : Y
Exit Type : Red dot
Size : 0.15
Price : 107.984
SL : 107.931
TP : 108.037
Notes : M1 retraced to 61.8 - now bullish - This is Setup 0
0.1% risk M5 AIMS levels used.
Likely to be wave 5 (prev trade was wave 3)
Entry Chart :
Exit Chart :
Status : Profit
Profit/Loss : 3
Post-mortem : Slow push up. Lack momentum or breakout.
Exited on Red dot

Trade Count : B1T10
Server Date/Time : 11/10/2019 6 : 40
Pair : GBUSD
Chart : M1
Dir : Sell/Buy bracket
Red/Blue Dot : Red and blue
M1 AO close to ZL : Y
SL Reasonable? : Y
M5 Alligator awake? : N
M5 Purple close to but outside box? : Y
M5 alligator status : M5 asleep for long time
M5 AIMS limit close? : Y
Exit Type : Trailing SL
Size : 0.25
Price : 1.24369
SL : 1.2441
TP : 1.24328
Notes : H4-retraced to 61.8 -bearish hidden div
0.15% risk
Entry Chart :
Exit Chart :
Status : Profit
Profit/Loss : 36
Post-mortem : Short triggered and stopped/reversed. Long closed at 1.24510

[edwardko]

Hi Immy

Can I please check if I have S1 on AUDUSD M15 captured correctly?

Trade Count : B1T11
Server Date/Time : 14/10/2019 8 : 13
Pair : AUDUSD
Chart : M15
Dir : Sell
Red/Blue Dot : Red
M1 AO close to ZL : Y
SL Reasonable? : Y
M5 Alligator awake? : N
M5 Purple close to but outside box? : Y Just outside box
M5 alligator status : HTF gator turning around?
M5 AIMS limit close? : N
Exit Type : 61.8 FE
1 : 2 RR
Size : 0.18
Price : 0.67845
SL : 0.67925
TP : 0.6768
Notes : Downward wave 3 retraced to purple line (also 50R)
0.2% risk - 1 pip adj from AIMS box
Status : Profit
Profit/Loss : 44

Entry Chart


Exit Chart

[immy]

my Response in Video: (Available tomorrow 9am uk)

[edwardko]

Hooray, I have finally finished my Trading Plan and put together a rudimentary EA to setup my Pending Orders and manage my trades. So it is time for me to publish my plan and reboot my T20 journals.

I found starting out difficult because I didn't quite understand the more intricate details of the S1 and of course, I keep missing out bits on the flowchart. Now with a better understanding, I am rebooting my T20 journals from 12 Nov 2019.

Here goes my trading plan. Journals to follow.

[immy]

Hi

The forum was going through some issues in the past. We recently wiped the old database and refreshed the install etc. It seems to be working smoothly now. But I've noticed hundreds of unread posts have popped on my screen now.

So this is one of them. Apologies for that.

~I can see you have completed your trade plan, but am surprised there are no trades after the initiation? Or perhaps you're running a different jouranl right?