Grants Journal [Awarded Title: Guru of the Gurus]

[brendab]

Hi Grant,

Do you have a rule on when to start trading again after Red News events? I've heard not to trade 1 hour before or after.

Thanks!
Brenda

[moty]

Hi
OK, I understand now, for me for some reason the colors of OA are a little different this period, and I checked that they on 0.0002.
Thanks
Moty

[Grant]

Moty,

in the newly released 5.1 package the AIMS waves should be 0.0006 by default..

Grant

[immy]

Hi Grant,

Do you have a rule on when to start trading again after Red News events? I've heard not to trade 1 hour before or after.

Thanks!
Brenda

Brenda!

ONE HOUR! oh boy!

For me, and this is for advance users, by that I mean those who know the price action, I never miss watching a news event. Soon after it, on m1 we usually get lovely setups. If you get one, take it! once the news is over and price stops doing crazy zags up and down its all ok. 10-15 min prior to news is ok for me.

cheers

immy

[Grant]

HI Brenda,

For news events I stop 10-15 mins before and start again on the release.

Speeches are not so easy, again i'll stop 10-15 mins before its due and start once the speech has stopped..

cheers
Grant

[moty]

Grant
0.0006 for the M1???

[Grant]

yes 0.0006 for the London and NY sessions....

you may want to lower it back to 0.0002 for the Asia session

Grant

[jayvee]

12-02-02-1.gif

Hi Grant again looking for advice from the Oracle

In the chart are these valid setups without the cross of the Aims Waves ZL
And on the flow chart I can't remeber what is meant by Is exit point close enough.

As always thanks John.

[Grant]

HI John,

in your pic if all the other rules are met then i would trade the 1st one. The AO has divereged and is too old above 0 line for the 2nd one.

By exit point close enough i want to enter as close to the start of a wave as possible. EU likes to move in 20 pip blocks (not always though), so i want to be able to get the first SL move done before price reaches a natural 20 pip block.

So if the aims box is above 15 then there is still only 5 pips left of a the 20 pip block for it to move. Granted that sometimes it will just keep going but "usually" it will have a retrace before continuing.

I hope i explained that ok..

Grant

[Grant]

Afternoon,

Short PM session today as i have to take twins to tennis.

Attached is the dot analsys and i'll post the PDF a little later.

cheers
Grant