Immy's Corner [The Setup The Hunt - T20's and more]
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Lessons and Goals 2020 - 21
This year I've hit and miss alot of goals
Learnt alot of lessons. In this post I will share my random thoughts about this year and the lessons I have learnt. These lessons will help me set and forget some goals for the years to come. I will come back and forth to it.
First Lesson and Idea:
Trade the Forex Market a bit more. MUST TAKE S2 TRADES ON FX H1 CHARTS... Without them ... A lot more patience will be Required... M15 or M5 Focus on Setup 1 ONLY.
I've noticed that its the nature of Forex charts that it would produce plenty of S2 setups during the year on the Hourly Charts. That's because when you have momentum going on the daily charts 2-3 red or green candles are created. Those translated into longer wave 3's and wave 5s on the h1 that span 2-3 days.
Max Trades per Wave is 2.
Backtesting / Rechecking Trades on the EUR/USD
Pair: EUR/USD
Chart Time Frame: H1 (Hourly)
Signal Type: S1/S2
Trade Management: TP: 2R SL (box length) 1R Move to Be at +1R (the Standard AIMS Trade Management Plan)
Signals Taken between 0900 (frankfurt Open to London Close 1800)
[13:14] Immy AIMS: Other Rules: No more than 2 Trades per Wave
No more than 1 Trade Per day if there is a signal.
In order to take signal price must still be inside the box or if broken then should be near the box.
Learnt alot of lessons. In this post I will share my random thoughts about this year and the lessons I have learnt. These lessons will help me set and forget some goals for the years to come. I will come back and forth to it.
First Lesson and Idea:
Trade the Forex Market a bit more. MUST TAKE S2 TRADES ON FX H1 CHARTS... Without them ... A lot more patience will be Required... M15 or M5 Focus on Setup 1 ONLY.
I've noticed that its the nature of Forex charts that it would produce plenty of S2 setups during the year on the Hourly Charts. That's because when you have momentum going on the daily charts 2-3 red or green candles are created. Those translated into longer wave 3's and wave 5s on the h1 that span 2-3 days.
Max Trades per Wave is 2.
Backtesting / Rechecking Trades on the EUR/USD
Pair: EUR/USD
Chart Time Frame: H1 (Hourly)
Signal Type: S1/S2
Trade Management: TP: 2R SL (box length) 1R Move to Be at +1R (the Standard AIMS Trade Management Plan)
Signals Taken between 0900 (frankfurt Open to London Close 1800)
[13:14] Immy AIMS: Other Rules: No more than 2 Trades per Wave
No more than 1 Trade Per day if there is a signal.
In order to take signal price must still be inside the box or if broken then should be near the box.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Immy's Corner [The Setup The Hunt - T20's and more]
DISCORD STREAM Recording
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Why is this NOT a Good Setup 1 (H1/M5 Method)
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Immy's Corner [The Setup The Hunt - T20's and more]
Don't Always Believe what You SEE...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Immy's Forex Trading Journal
Reserved
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
LIVE Stream Recap of Todays Trades - Ep 46
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
DAX 30 2nd Feb Recap
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
The BEAUTY of The WALTZ Pattern
The UJ Waltz Pattern on the D1 chart is a beautiful Setup 1 on the H1 chart.
[21:48]
Which means, if you took WALTZ on the D1 chart, you won't have to check the H1 chart several times a day and yet you will be able to CATCH those beautiful Setup 1's.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!