Daily Trade Opportunities anyone ...?

[immy]

Remember:

We can take the same setups with great success on any time frame of choice, as long as we have the patience and discipline and correct money management per time frame.

And there will be times on H1 (as it happens on all time frames) when all you'd see is 4th wave after 4th wave, it is during such periods, that we must remember to exercise patience and discipline.

[The_Snowman]

I got into an H1 NZD-USD trade this morning before I went to work. I waited for the price to cross the purple line, Aims wave was still close to zero so I got in and set a tight stop loss of 10 pips and a TP of the D1 Aims low. I have just returned from work to see it has given me +60.5pips (+6.05%).

After the market frenzy that occured today I was expecting to see a lot more setups that had occured throughout the day, however, on my charts there wasn't any (or at least none that I can see through my sleepy eyes).

Richard

May I ask what is your setting for the AIM WAVES indicator? The input for the ClosetoZL is what I am looking for, thanks

And I may have missed it somewhere, but how does one determine how to find the best setting for the AIM WAVES on a higher timeframe?

Thanks to all, John

[Topher]

I got into an H1 NZD-USD trade this morning before I went to work. I waited for the price to cross the purple line, Aims wave was still close to zero so I got in and set a tight stop loss of 10 pips and a TP of the D1 Aims low. I have just returned from work to see it has given me +60.5pips (+6.05%).

After the market frenzy that occured today I was expecting to see a lot more setups that had occured throughout the day, however, on my charts there wasn't any (or at least none that I can see through my sleepy eyes).

Richard

May I ask what is your setting for the AIM WAVES indicator? The input for the ClosetoZL is what I am looking for, thanks

And I may have missed it somewhere, but how does one determine how to find the best setting for the AIM WAVES on a higher timeframe?

Thanks to all, John

John

If you look in my journal on 3rd March the settings I currently use are posted there.
To initially set them I went back through lots of backtesting to find a good starting point for each pair. I am now forward testing this in a demo account. Hopefully between us we can find the optimum settings and trade live.

Richard

[Grant]

Morning

took an EJ H1 long yesterday as London was closing, trailed my SL after 5 blue candles but left it at BE on the candle marked with an arrow, woke to see it tagged over night.... sigh

NEXT

Grant

[The_Snowman]

I got into an H1 NZD-USD trade this morning before I went to work. I waited for the price to cross the purple line, Aims wave was still close to zero so I got in and set a tight stop loss of 10 pips and a TP of the D1 Aims low. I have just returned from work to see it has given me +60.5pips (+6.05%).

After the market frenzy that occured today I was expecting to see a lot more setups that had occured throughout the day, however, on my charts there wasn't any (or at least none that I can see through my sleepy eyes).

Richard

May I ask what is your setting for the AIM WAVES indicator? The input for the ClosetoZL is what I am looking for, thanks

And I may have missed it somewhere, but how does one determine how to find the best setting for the AIM WAVES on a higher timeframe?

Thanks to all, John

John

If you look in my journal on 3rd March the settings I currently use are posted there.
To initially set them I went back through lots of backtesting to find a good starting point for each pair. I am now forward testing this in a demo account. Hopefully between us we can find the optimum settings and trade live.

Richard

@ Richard,

Thanks for that, I was experimenting with 0.003 so I knew I wasn't far off, but also the YEN pairs need the different setting due to the decimals, will use your suggestion of 0.002 and see how that works, thanks for sharing, John

[The_Snowman]

Morning

took an EJ H1 long yesterday as London was closing, trailed my SL after 5 blue candles but left it at BE on the candle marked with an arrow, woke to see it tagged over night.... sigh

NEXT

Grant

And away it goes without you right now, after London Open

[Grant]

yep so it does but there were 4 exit signals before hand so not feeling quite so bad... lol

Grant

[Topher]

Morning

took an EJ H1 long yesterday as London was closing, trailed my SL after 5 blue candles but left it at BE on the candle marked with an arrow, woke to see it tagged over night.... sigh

NEXT

Grant

Grant
What size Aims Box are you using?

Richard

[Grant]

hi Richard,

40 - 50 ish...... depending on the pair.

For example EJ has an ATR of 140 so 40 - 50 is ok, but UJ has an ATR of 77 so 40-50 is too many. Thus i passed on the UJ h1 this morning with an AIMS box of 52.... of course it is in healthy profit now.... sigh

these are all still a work in progress though...

hope this helps

Grant

[Topher]

Thanks Grant

I am also using 50pips, however, on my charts the trade was filtered as the Aims Box was too big.

Richard