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

[immy]

another one of those banana trades. You know the market moves in tandem, at least the forex market, Because everything is tethered to mother dollar.
 

[immy]

Hi

I have done some backtesting on AUD/USD to see how this pair performed this year so far.

The Entry Methods Used were :
S1 / S2 / First Pullback after breakout and Famous PC Entry
The famous PC Entry means, the pair had a strong move the day ahead, then on the next day, at FO or later we got in using a Bullish or Bearish continuation candle after seeing a PC Pattern

Trade Management : Trailing boxes
Risk per trade: 1%
Targets: No Targets only trailing.
Note: I only trail a box after the opposite side of it is broke. This protects against PC fakeouts. 

I have saved the Trades on a TradingView Template. Here is link to this template. https://uk.tradingview.com/chart/0AZi4UUc/

Hope you enjoy watching those trades and if you have any questions please do not hesitate to ask.

cheers

ps: The trades have been drawn with Risk Reward Tool.
pps: you can even copy this to make it your own in tradingview.
 

[hanreali]

Hi

I have done some backtesting on AUD/USD to see how this pair performed this year so far.

The Entry Methods Used were :
S1 / S2 / First Pullback after breakout and Famous PC Entry
The famous PC Entry means, the pair had a strong move the day ahead, then on the next day, at FO or later we got in using a Bullish or Bearish continuation candle after seeing a PC Pattern

Trade Management : Trailing boxes
Risk per trade: 1%
Targets: No Targets only trailing.
Note: I only trail a box after the opposite side of it is broke. This protects against PC fakeouts.

I have saved the Trades on a TradingView Template. Here is link to this template. https://uk.tradingview.com/chart/0AZi4UUc/

Hope you enjoy watching those trades and if you have any questions please do not hesitate to ask.

cheers

ps: The trades have been drawn with Risk Reward Tool.
pps: you can even copy this to make it your own in tradingview.

 

 Hi Immy,

The link here took me to a UJ chart.

[immy]

Hey Alina

Yes, it does that, because it's my main profile. I should have created a different profile the one I don't use. I will do that the NEXT time. For now, just type in AUD/USD and choose FXCM broker. hope this helps

[immy]

I wanted to record this for myself that this is the type of seed signals I always want to take.

GU H1 ... 3 Reasons why this is my favourite seed signal.

https://www.screencast.com/t/VNTCbRdju

 

[immy]

The WALTZ pattern is my favourite pattern too. They are all my favourites but this one is really awesome. It works great on GU pair. The character of GU is impulsive. I challenge all of our friends here (your) to complete a good 1 or 2 years back test on this method. It should blow your mind .

HEre is what I'm talking about ....

https://www.screencast.com/t/P0Y2jNhtWIEC


 
 

[immy]

Trade Report:

Today I went a bit mental and traded the hourly charts like the m1 charts.

I took too many trades and obviously the result is now just under 1% loss on a 100K account.

Lets have a look ...

DAX 30 : I had a relatively good signal Last night and although I don't want to really take an overnight trade on the indices, I did. 

Unfortunately it turned into a rent, but I noticed later that the VPS setting was not correct. IT should have stopped out BE below the box. Trailing box was not activated. 

DAX not good.png

 

Then I took a long again, which was a DS0. Not part of my trade plan. 

Don't trade like this DAX30 not.png

 I told myself NOT to trade like this but I went long again ... 


 Gold I took a long trade Last night. I KNEW that it was not really trending, but I was basing my long on the 2 impulsive candles. it was a hopeful trade and one I should NOT be taking. Today, I woke up to the trade being stopped out overnight. Happy with that .

The nI saw the Impulse Bear candle and took the short

Again I knew that I was looking for a quick breakout and I targeted the lows to the left. I hit my 2R  and nice trade. Just wish it was 1% risk lol. but again, if I see that the trade is not high probability then I risk half or quarter of a percent. 


 

14 Sep 2021 - GOLD.png

 

GOLD.png

 
 
 

[immy]

I invented a new type of entry method, and it works but not this time or rather, it does not work within sideways choppy markets. 

In Fact nothing works in sideways and choppy markets 

Not going to do this again. Infact, I will NOT trade Indices on the Swing H1 Account. NOPE. 


 The PO was set up like this. Limit Buy 

NAS limit buy po.png

 
Then it got triggered 

NAS limit buy.png

 

and then it got flushed 

NAS limit buy po result.png

 
Post trade: Now I know that I was simply trading the "state of my mind". I was Anticipating that the indices "should" go up today. and  with that mindset I went long on the DAX as well to  pay the third rent. 

This mind set actually then relayed itself to my day trades as well and had myself a 2% down session trading the longs on NASdaq. And then missing the shorts because I was Striked Out. Can't trade after 2% down. nope. That broke my 13 days winning streak. oh well. NEXT 


NAS US Session 

NAS US session.png

 So what I'm doing is that I was long on one account and then wanted to long on m1 as well. and so I collected myself 1% loss on the swing account and then 2% on the day trading account. This is stupid. No more indices on swing account. 





 
 
 

[immy]

The fact that I'm going in to part 3, means I have certainly over traded. 

Next I took a lovely Cherry signal on the AUD/JPY .. .I do not regret it, it was a DS1 trade. I will do it everytime I see it. 

News did not help and went against us. 

I also went short on the AUD/USD and although it was BE before newss, it slipped and closed for -8... small loss. NEXT 
 
 
 
 

[immy]

Down this day but its a swing account, the result of  the day does not mean much. The Result of the week and month does. 

Results 14 Sep 2021.png

 
What can I learn from this 

I have learned that I was reacting to the market today just like I react to the m1 chart. I MUST not allow this to happen. 

I broke all my rules today. Trade more than I should, trade multiple times on the swing account. 

I have gone back to 8 Pairs now 

EU GU UJ UCAD NZ AU XAU EJ