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

[immy]

Read it: To learn how I have been trading, nearly the same system since 2011.
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[kaye007]

Immy, all your post that show your trades are great. Before i enter a trade i calculate how far my exit is before I place the trade. If its too much, then I dont take the trade. Would it be possible for you to show us in your posts, how far the exit was away from the entry on the break of aims when you entered the trade. In fact I think it would be great if everyone who starts a journal could do that. Because to me, that is deciding factor whether I take the trade or leave it....kaye007

[immy]

Immy, all your post that show your trades are great. Before i enter a trade i calculate how far my exit is before I place the trade. If its too much, then I dont take the trade. Would it be possible for you to show us in your posts, how far the exit was away from the entry on the break of aims when you entered the trade. In fact I think it would be great if everyone who starts a journal could do that. Because to me, that is deciding factor whether I take the trade or leave it....kaye007

HI Kaye

Well that is an important factor. Since market moves in waves and every time frame has its own wave length. Through experience we have found that EU on M1 does an average wave 0f 20 pips. I'll let Grant explain this further when he comes back from holiday. So yes, if the other side of AIMS is over 20 pips then you're in for a bit of draw down before it goes back in your favour. But I dont let my position go into negative territories. More on this later. The "SL on the other side of AIMS" policy is the best I've ever seen. So here as USUAL it was 15pips Hard Stop. But whats interesting is that if price had reversed it would be not more than 10 pips before I would have found its time to exit. How? I would have closed if it closed on the red line. Some people get it confused with "touch of red line" no touchy feely stuff here. Candle has to close. And I know you can get a bit nervous as it goes past it. But be patient it cannot go past 15pips anyway. I must say I dont remember when was the last time my 15pip SL was hit. Remember this, exiting quick , when its not making money is the key to not losing money, and NOT exiting quick when in profit is the Key to Profits. I have seen "me" take trades even from 25pip SL. But for that I have a money management mechanism. There are two ways of doing it. I shall write on money management in its own space. Cheers.

[immy]

good idea. hopefully some evening I'll do that. Maybe make a quick video.

[immy]

Todays Super Trade

2011-08-16 aug eu 260pip trade.gif

[immy]

I'll tell today's story on M5 and M1
But first M5. The purple kept us safe. No Rents to pay, we have purple. Watch the lilac lines those blue dots were ignored. Towards the right of the chart at the end of the day there is red dot but it had already broke aims so ignore that as well. Literally all 4 massive winners. And if you added on, you're talking in access of 150pips. But dont worry about adding on. First you must learn how to take the setup. Then you talk about how to make more from doing the same thing over and over.

Similar story on m1. Yes there were some small rents in the am. I paid 4 rents. but the afternoon destroyed the Rents and sky rocketed the account growth.

[John Wimberley]

It's like poetry

[immy]

Please see the picture of the trading day today. We traded live from LO to NY Close with a dozen of my friends. It was great fun. Stress Free 150+

http://www.itradeaims.com/2011/08/today-on-eu-m1.html

[eagleeyes]

Wonderful pippin there Immy!!!

You really got it going in here a real credit to all your hard work and determination...absolutely brilliant what you've done for the AIMS :-bd

[immy]

Immy, on blog post for 24 august trades, i wanted to know why didnt you take trades for buy when AO was close to )?
Or else you are only trading on crossover for green or red and no other?

hey,
Sorry did not quite get you there. Could you please repeat the question or point to the time etc. cheers