Discussions and Chat

[immy]

The NEXT big thing for us is going to be LIMIT Orders on the BOX and the SEED Signals 

All of my BIGGEST winners this year, so far, on the Hourly time frames have come from LIMIT orders 

Stay tuned on how to do Limit orders on AIMS Boxes. 






 

Looking forward to that mate!!





 

Let's just stick to our normal entries.. IT WORKS... but if you miss the signal... then we can employ this trick. 

 



 

just to clarify.
only use it when you missed the signal, you were late.

Situation where we have a Seed and a box low. (like yesterday when we wanted to sell)
Price is in between low of that Seed and Box low.
Then you have a choice: put a limit sell order on the Seed, or put a pending Sell order on the break of the box, or do you wait for a candle close below the Box and then put a limit sell order on that Box low level?

It's obvious as price has already passed the Box low, then you can put a limit sell on the Box low.
Added GBP-USD from yesterday. Green line =box low, arrow is indicating the Seed signal
 


 

You got it right. I';ll be doing a video on this soon. But yes, MONdAY was good example... but BEST is to wait for CLEAR CLEAN break with NOTHING to the left. 
 
The reality however is, there is no need to complicate things. JUST take Banana Signals ... 
 

[immy]

You can't make money without losing money.

You can't make winning trades by avoiding taking trades 

If you focus on avoiding losing, you will not increase your chances of winning by a big margin. You will simply REDUCE your trading activity. 

The way to trade and make money is to take as many trades as it is possible and reasonable to do. 

The way to make consistent profits is to have a trading system with an edge and apply the edge every single time. 

If you pick and choose, you might avoid some losers but you will also avoid some winners. Why? 

Because Winners and Losers are Randomly Distributed. 

I remind myself of the 5 Fundamental Truths. 

Thanks to Mark Douglas, he did a great job. 

1. You don't need to know what is going to happen next in order to make money. 
2. Winners and losers are randomly distributed.
3. A Trading Edge is nothing more than an indication of a higher probability of one thing happening over another
4. Anything can happen 
5. Every moment in the market is unique 

These are the 5 fundamentals FACTS of the market. 

So, in order to make money in the MARKET, have a trading system with an edge, understand the 5 fundamental truths and LIVE your trading life by the 7 Principles of Consistency. The 7 Principles of Consistency:
Recite this every day. You might find it weird in the beginning but after a while, it will really start to make sense and sink in. I have this printed and laminated years ago and it still stays with me to this day. 

1. I objectively identify my edges.

2. I predefine the risk of every trade.

3. I completely accept the risk or I am willing to let go of the trade.

4. I act on my edges without reservation or hesitation.

5. I pay myself as the market makes money available to me.

6. I continually monitor my susceptibility for making errors.

7. I understand the absolute necessity of these principles of consistent success
and, therefore, I never violate them.

https://itradeaims.net/the-secret-to-ma ... ink-it-is/
 

[Minsk]

You can't make money without losing money.

You can't make winning trades by avoiding taking trades 

If you focus on avoiding losing, you will not increase your chances of winning by a big margin. You will simply REDUCE your trading activity. 

The way to trade and make money is to take as many trades as it is possible and reasonable to do. 

The way to make consistent profits is to have a trading system with an edge and apply the edge every single time. 

If you pick and choose, you might avoid some losers but you will also avoid some winners. Why? 

Because Winners and Losers are Randomly Distributed. 

I remind myself of the 5 Fundamental Truths. 

Thanks to Mark Douglas, he did a great job. 

1. You don't need to know what is going to happen next in order to make money. 
2. Winners and losers are randomly distributed.
3. A Trading Edge is nothing more than an indication of a higher probability of one thing happening over another
4. Anything can happen 
5. Every moment in the market is unique 

These are the 5 fundamentals FACTS of the market. 

So, in order to make money in the MARKET, have a trading system with an edge, understand the 5 fundamental truths and LIVE your trading life by the 7 Principles of Consistency. The 7 Principles of Consistency:
Recite this every day. You might find it weird in the beginning but after a while, it will really start to make sense and sink in. I have this printed and laminated years ago and it still stays with me to this day. 

1. I objectively identify my edges.

2. I predefine the risk of every trade.

3. I completely accept the risk or I am willing to let go of the trade.

4. I act on my edges without reservation or hesitation.

5. I pay myself as the market makes money available to me.

6. I continually monitor my susceptibility for making errors.

7. I understand the absolute necessity of these principles of consistent success
and, therefore, I never violate them.

https://itradeaims.net/the-secret-to-ma ... ink-it-is/
 

 

I think I needed to read this post.
thanks for putting this one up.

[immy]

The Market does not always move the way we want it 

We might get the TREND direction right, which in some cases is so damn obvious you want to bite your lip and hands and everything... You are SCREAMING and shouting this market is going up. Such is the case of USD/JPY BULLISH TREND and EUR/USD BEARISH TREND. 

Look at this never seen before TREND on the USD/JPY. Check that last 3 candle pullback Banana Setup. It's 5R today. 

The most beautiful weekly chart.png

 

But , then you need to know where to GET in 

You get in and you get kicked out.

You pay your rent and the market later decides to continue going in that direction. Such is the PERVERSE nature of the MARKET. 

 
 

[Guest]

Test

[immy]

I have set my Lines settings back to 10/20/100. I want to be able to take some deeper retracements as long as the signal is nice nad smooth and still 50% pullback compared to the Impulse , I will take it. Like the DOW today 

DOW 5R nearly hit 

[Minsk]

not much happening today on my 3 charts.
 

[immy]

 
 

[Minsk]

 

 

did you catch that trade?
you're done for this month

[immy]

 


 

did you catch that trade?
you're done for this month

 

the only time I trade on the one-minute time frame is NEWS events. Sadly I didn to catch this, I was enjoying a cuppa (coffee) with a friend post gym.