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Break of aims on 1hr, cross of AO, against the purple, 4hr AO wave coming back to 0 line and heading up for break of aims box, the wave was a little further away from the 0 line then I usually like. Trade went well and hit my target of 50 pips. I'm still deciding what to do at this point with trade management. My trailing stop is 40 pips but I want to be able to follow a good move once target is hit. This trade hit 80pips and then retraced and I lost 40 pips. From now once my target of 50 pips is hit I will change my trailing stop to 20 pips. = Up 39 pips
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8-3-12, 1hr trade, aud/usd
Break of aims, close to 0 line as AUD bouncing off support level of 1.05, purple was flattening out. I looked at this trade as a principal C off a wave 3 which broke and gave a possible trend reverse. See 'principal C' in advanced section. Still getting my head around it. 4hr AO was coming back up but a little further away then I like. Result +40 pips.
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No man Tony!! I pulled a 42 on m1 in that euro move.... )
DISCIPLINE!!!
Nice going.... (wd)
Been looking and tuning for m30 using dot alerting for multiple ccy. 1min would drive me crazy ..... will see by next week. :-B
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
8-3-12 1hr trade AUD/JPY
Took this the same time I took the AUD/USD trade and on the same principal. Break of Aims and AO close to 0 line. Showed some support from 4hr chart - all pairs were starting to move at this time around london open. This trade also proved I need to improve my trade management beyong my target of 1% as I let all 3 trades retrace against me too far as all hit there 1% mark. As above will tighten trailing stop to 20pips on 1hr after 1% hit 'approx 50 pips'. It was a good night, the swell built today and caught a few nice waves, just gotta get out a bit earlier before you get dumped - result 75 pips, the 3 trades tonight combined made 39+40+75=154 pips or 3%
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humpha wrote:
G'day Herb
Thanks for the comments - I think the 30 min charts could work really well,
What's multiple ccy? ? Learn something new here everyday
Tony, simply referring to monitoring more than one currency (ccy) pair. I got email and all setup. Busy fine tuning filter settings. Also want to catch the lucrative black dot....
Cheers
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
The winning streak of 6 is over -
8-3-11, took my first 1 min trade for the week and paid a rent of 2.5pips. Waited for new aims level - broke it and then stalled - that's it for today - running out of light, time to get out of the water before the sharks bight my pips off.
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humpha wrote:
G'day Herb
Thanks for the comments - I think the 30 min charts could work really well,
What's multiple ccy? ? Learn something new here everyday
Tony, simply referring to monitoring more than one currency (ccy) pair. I got email and all setup. Busy fine tuning filter settings. Also want to catch the lucrative black dot....
Cheers
Herbert
Herb,
The black dot trades look good when it's supported by a double aims break '5min chart' and there's room to move. Many pips to you Herb - let us know how the 30min charts go, I think a few people on the forum are starting to trial them - cheers
13-3-12,
Well last week was good to start a journal for my 1hr trades - 6 winners, approximately 348 pips and account growth of nearly 7%. Now no trading on Monday as the ocean was calling, so today I had a look and entered 3 trades 'all rents' although small and frankly I expected it because my rules and 1hr strategy are a little loose. I have updated my 1hr charts to the aims 5.1 version and 5.2 aims wave. On usd pairs I have the wave set to .002, jpy pairs are .2 usd/cad is .15. I have set my 1hr box to 50 pips. It is time to follow rules a little closer. That is aims rules but adapted to 1hr chart. So today 1 placed 3 trades eur/usd, aud/jpy and aud/usd. In hindsight they didn't meet the rules and eur/usd AO was too old, and once I checked the trades after 3 hours which were all looking okay I realised I was in wave 4 and for which I thought was a possible cross of the C principal and trend reversal. Overall a combined loss 30 pips or .6%. If I was to apply pricipal C or at least my fickle understanding of it I could of got back on the eur/usd in the box trade and followed it down back with the trend and into a wave 5. I basically got on these trades too late. At least I bailed before a wipeout - still a trading strategy in progress.
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The aud/jpy trade is identical to the above trade but 10 pip loss .2%
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14-3-12 NZ/USD short on 1hr,
Break of Aims box, aims AO close to zero, purple heading sideways. 4hr chart cross of AO with purple, followed with 40 pip stop loss, room to move. 60 pips '1.2%' Solid 1 meter swell.
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? Learn something new here everyday