Daily Trade Opportunities anyone ...?

[immy]

I really wanted to start with Forex but my Friend Adem spotted this. btw Adem is going to be our main guy in this Section of the Forum. He loves and trades the H1.

Wave 3 has ended retraced for Wave 4 and Wave 5 is ready. H4 Alligator is open and although its moved a bit there is still space for a blast down to do a Wave 5.

PO: 122.48
SL: 10 Points (123.48)
Potential TP: TZ1 121.11

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Template V5.2

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it Created another better tighter aims level. so its nicely in profit. (Traded on SB IGIndex)

[immy]

HAHA! Adem,

You beat me to it, (great minds aye???) (rofl)

[immy]

I miss sending out signal on EUR/GBP. But I'm trading it short with one add on. Will not post picture now, because PO posting was missed. just FYI

[TradeTheBest]

Brent Crude H1 trade looks like returned to a B (or wave 2 for long), managed to exit 1:1.5 as +51, left too much but as you said it happens.

[immy]

Nothing interesting going on on the hourly plane this am. As well as the M1/M5.

[immy]

Nothing for H1 so far .

[immy]

Hi Guys,

The last week there were some signals that I took on my other accounts but still did not think they were high probability setups so I chose not to publish the pending orders. I shall continue like so. But for this week we too The Brent trade (which I'm sure most of you probably did not take it due to MT4 restriction) It was a 1:1 trade so a 1% for this week. Which is not bad result in my opinion.

Hopefully the following week shall bring some more exciting Setups and we shall trade them accordingly.

I Do my money management from the opposite side of AIMS Level and keep my stop loss there until price has moved considerably in my favour. Basically I'll let it be there as long as I can tend to it. If I have to leave the screen I'll let my trailing EA manage it for me. It just trails the AIMS levels. Trailing AIMS Levels is one of the best trailing mechanism I have ever come across. It is exactly like the Turtles Trailing Technique. I once plotted the Stop Loss Trailing mechanism as used in the Turtles System and found that 90% of the time it coincided with AIMS levels.

Moreover, I am now managing a separate fully loaded H1 account. I have now merged my M1 and M5 accounts so I shall be taking M5 and M1 setups on same account and manage the H1 and H4 Setups on separate account. If you're just beginning, this certainly does not mean that you should do the same. For beginners it would be best to trade with 0.25% risk per trade and that after having proven themselves on demo first. It is a learning process and during learning things have to be broken down in to parts so we could focus on parts individually and then put them all together. Thats when the final bit of learning begins which is never ending. So basically, understanding the indicators, learning to set orders etc, managing trades, doing your money management etc and all is the science of trading. But the real money making side of trading is the Art of Trading. That comes with experience and experience comes with Chart Time!

Ok I must stop here and read my books that I've lined up for this weekend.

chow chow

[immy]

There was Setup 1 on Cable but it was against the trend on H1 and given the fact that it was bank holiday, I gave it a miss. But please have a look how it setup nicely. best to take the set-ups in the direction of the higher time frames only. cheers

[Nitin]

There was Setup 1 on Cable but it was against the trend on H1 and given the fact that it was bank holiday, I gave it a miss. But please have a look how it setup nicely. best to take the set-ups in the direction of the higher time frames only. cheers

Hi Imran, can I take a trade in 5 min tf as long as purple is on correct side but H1 trend is not confirmed or say opposite?

[immy]

There was Setup 1 on Cable but it was against the trend on H1 and given the fact that it was bank holiday, I gave it a miss. But please have a look how it setup nicely. best to take the set-ups in the direction of the higher time frames only. cheers

Hi Imran, can I take a trade in 5 min tf as long as purple is on correct side but H1 trend is not confirmed or say opposite?

Well that would depend, on how the markets are behaving during that period/session. e.g. if H1 is have a tight sleeping alligator with a range of only 30 pips. you may not be safe trading m5 in any direction. but if H1 is lets say very choppy, trend is not confirmed but range is around 60-100pips you may get good setups on m5 and make some pips. so you have choice, if you make it as your filter you will , in the long run remain more profitable. If you do make this filter part of your trading plan then you'd do this. 1. Check H1 if its trending or going sideways. 2. If H1 is stuck between tight range and price has not broken out of AIMS levels, the upper and lower that has got hte sleeping alligator within them, you wait for trend confirmation in the form of a breakout on h1 in either direction. and then as soon as that is done, you'd wait for a setup in that direction on m5. its exactly the same for M5 and m1 trading. this is our edge.

I hope it makes sense