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

[immy]

Immy

Page 49 of the manual published on 11-11-11, you talk about Bracketing trades. You give the rules for Bracketing and we would place a Buy and Sell trade on. One thing you don't mention is whether or not we should take the High or Low of the 5 min chart into account when placing our Bracket trades on the 1 min chart. I assume we should always, even on Bracket trades, see if the 5 min High or Low is close and Bracket outside these 5 min Highs and Lows. Please advise.

Dennis

PS- How soon do you anticipate an update of the manual to discuss the changes made with V5 indicators?

Hi Dennis

WE are going to add an addendum instead of an update. The V5 or V5.1 is designed for Grants Rule Flow Chart and Grants Trade Management. If you go through the flow chart you'd understand the indicators!

cheers

Immy

oh, Bracketing, its always good to take the outermost levels keeping in mind that risk of taking the trade remains as low as possible, in other words as long as exit point, in case it does not go the way we would like it to go, which ofcourse is the profitable way, remains close/near we would take the outer most levels on M1, which in most cases would equate to taking the m5 AIMS levels. cheers

[immy]

Tiny mistakes can make missed opportunities. Moved SL to BE perhaps lack of discipline on this one, the -4 pip move was not yet triggered and I moved to BE. Oh well...

[immy]

Elliott Wave! Albeit short wave length this is for this current moment, that is the current time frame a completed EW.

[msk185]

Hi Immy

Thanks for posting this analysis, I saw the setup but I also saw the proximity of the 15 min and 60 min lows and so decided against this setup, when should i take these levels into account and when is it more likely that they will be broken as was the case with this trade/

Thanks

Mike

[franky]

Hi Immy,

Your trading style seems to be a little different to Grant's.

Is it possible that your journal could encompass your trades on a daily basis as opposed to ad hoc. This way we would have the benefit of seeing 2 pro's and their different entries and exit......and their trading style.

I think this would be a great addition.

Franky

[Grant]

Hi Immy,

Your trading style seems to be a little different to Grant's.

Is it possible that your journal could encompass your trades on a daily basis as opposed to ad hoc. This way we would have the benefit of seeing 2 pro's and their different entries and exit......and their trading style.

I think this would be a great addition.

Franky

This way we would have the benefit of seeing 2 pro's and their different entries and exit......and their trading style.

(rofl) (rofl) (rofl)

[franky]

This way we would have the benefit of seeing 2 pro's and their different entries and exit......and their trading style.

(rofl) (rofl) (rofl)[/quote]


I think we have learnt today a little more of how Grant's mind really works...........

[immy]

Hi Immy

Thanks for posting this analysis, I saw the setup but I also saw the proximity of the 15 min and 60 min lows and so decided against this setup, when should i take these levels into account and when is it more likely that they will be broken as was the case with this trade/

Thanks

Mike

Hi

Well yes, M15 is close and so was 60 but those levels are always a guideline for me. M5 is a Rule M15 and H1 for me, requires discretion. Until recently I never stopped or took a trade because of H1. You made the right choice mate! It is not possible to tell when it will break a level or not, but often if it tries a few times then the probability of breaking the level increases.

cheers

Immy

[immy]

This way we would have the benefit of seeing 2 pro's and their different entries and exit......and their trading style.

(rofl) (rofl) (rofl)

I think we have learnt today a little more of how Grant's mind really works...........

ah! I read it a few times, and never understood it. Just did not make sense, if you are laughing at what I think you are laughing at, then (rofl)

[immy]

Hi Immy,

Your trading style seems to be a little different to Grant's.

Is it possible that your journal could encompass your trades on a daily basis as opposed to ad hoc. This way we would have the benefit of seeing 2 pro's and their different entries and exit......and their trading style.

I think this would be a great addition.

Franky

Franky,

I'd hope that the entries are not too different exits can certainly be different. I'll try but cannot promise. I've settled in my new office and I shall be doing a daily digest 5min video (which was the plan) to shed some light on the days progress.

cheers
Immy