PaulF's Journal

[PaulF]

Tuesday 14th February.

Trade 1, -6.6

aims-gbpusdsb-20120214-01.gif

[msk185]

Hi

I looked at this setup but having sufferred from a lot of losing trades recently I decided against it as there was a 15min and 60 min high not far above and a lot of choppy price action on the 5 min chart to the left in this area.

Not sure if this helps

Mike

[Topher]

I used the same filtering process as Mike.
It seems to keep me out of most bad trades, however, at present it is keeping me out of all trades.

Richard

[PaulF]

Thank you for your feedback gentlemen!

Wednesday 15th February.

Trade 1, +0.1. I moved SL to BE here when I realised that my entry was incorrect. The entry point 1.31612 was too close to the M5 AIMS level at 1.31583 so entry should have been below that.

aims-eurusdsb-20120215-01.gif

[msk185]

Ha Ha the market was looking after you, I took the break of the 5 min and took 3 pip rent

Mike

[Bettina]

So did I, exiting even later with 4 pips rent.
Bettina

[PaulF]

Trade 2, guess what, -4.9:

aims-eurusdsb-20120215-02.gif

[msk185]

Hi sorry for your rent.

We chatted about this setup and concluded that the 15min level was too close

Mike

[PaulF]

Thursday 16th February

First loser of the day arrives on schedule, -6.1

aims-eurusdsb-20120216-01.gif

[msk185]

yep I took this and paid rent too, it was a valid setup, one thing that came from discussion was to leave room for the bid and ask prices to clear the aims level so entry here of 89 would have meant not being triggered in

Mike