AVH Trading Journal

[Grant]

Hi Immy
Quick question, on the chart below I bracketed the market at the rectangle. The trade was triggered long and then exited for small loss. However, I decided to cancel my pending short after the long trade initally began to move in the right direction. Then a red dot triggered exit and I considered setting a pending just below purple line where I have circled yellow but didn't as the alligator a) Had not slept & b) was not within AIMS. What was your call on this?

Thanks Arthur

euro 07_09.gif

[center][/center]

Hi Arthur,

i see that entry/level as a set up 2 (alligator open and heading in direction of trade, red dot then fresh AIMS low with the purple inside), so would have placed a PO at 1.4081....

hope that helps

cheers

Grant

ps. i would also have taken taken the long as you did for a small rent (-4)

[avh101]

Hi Grant

Thanks for feedback, I thought that may be the case. I'm trying to focus on Setup 1 to begin with which is why I skipped trade.

Quite an interesting day, albeit a very challenging one for me. My results were as follows:

Trade________Time_________Result
1____________7.06__________-5
2____________9.35__________-3
3___________10.03__________-7
4___________12.12__________-11
5___________12.35__________-8
6___________13.33__________-9
7___________14.22__________+27
8___________14.34__________-7
9___________15.38__________-6
10__________15.49__________-2

Overall a net -31. I've attached some images of my trades and would appreciate any feedback on them. Although todays result was poor I did miss a reasonable trade due to family comitments in the morning again. That's +170 Pips missed in 2 days because of school run!!

If I had traded yesterday over the same time period I traded today then I would have picked up a lot more than the 60 I did and todays result would have been irrelevant. Overall I feel that my entries were sound I traded well but just didn't get any breaks today. Here's hoping for a better result tomorrow.

euro 07_09 early morning.gif

euro 07_09 Mid morning.gif

euro 07_09 mid afternoon.gif

euro 07_09 late afternoon.gif

[avh101]

Hi Immy/Grant

I have another question for you. I just want to try and clarify my thoughts on certain aspects of the entry.

I'm clear that for the correct setup 1, the alligator must have slept and certainly be within the AIMS levels. However, the ideal entry is also when a break of AIMS co-incides with a cross of the AO. Is the "break of AIMS/cross of AO" given more priority than "alligator slept/within AIMS" criteria, or is it the reverse?

Below is a trade situation that has recently occured, would you consider taking a short position at the yellow line because "break of AIMS/cross of AO" has occured or would you disregard setup because the "alligator slept/within AIMS" criteria has not been satisfied?

Apologies for bombarding you with questions.

Arthur

[Grant]

Hi Immy/Grant

I have another question for you. I just want to try and clarify my thoughts on certain aspects of the entry.

I'm clear that for the correct setup 1, the alligator must have slept and certainly be within the AIMS levels. However, the ideal entry is also when a break of AIMS co-incides with a cross of the AO. Is the "break of AIMS/cross of AO" given more priority than "alligator slept/within AIMS" criteria, or is it the reverse?

Below is a trade situation that has recently occured, would you consider taking a short position at the yellow line because "break of AIMS/cross of AO" has occured or would you disregard setup because the "alligator slept/within AIMS" criteria has not been satisfied?

Apologies for bombarding you with questions.

Arthur

arthur,

DO NOT WORRY ABOUT ASKING QUESTIONS!!!!!!!!!!

i will answer your previous posts later on if thats ok when todays trading is done..

cheers

Grant

[Grant]

Hi Grant

Thanks for feedback, I thought that may be the case. I'm trying to focus on Setup 1 to begin with which is why I skipped trade.

Quite an interesting day, albeit a very challenging one for me. My results were as follows:

Trade________Time_________Result
1____________7.06__________-5
2____________9.35__________-3
3___________10.03__________-7
4___________12.12__________-11
5___________12.35__________-8
6___________13.33__________-9
7___________14.22__________+27
8___________14.34__________-7
9___________15.38__________-6
10__________15.49__________-2

Overall a net -31. I've attached some images of my trades and would appreciate any feedback on them. Although todays result was poor I did miss a reasonable trade due to family comitments in the morning again. That's +170 Pips missed in 2 days because of school run!!

If I had traded yesterday over the same time period I traded today then I would have picked up a lot more than the 60 I did and todays result would have been irrelevant. Overall I feel that my entries were sound I traded well but just didn't get any breaks today. Here's hoping for a better result tomorrow.

euro 07_09 early morning.gif

euro 07_09 Mid morning.gif

euro 07_09 mid afternoon.gif

euro 07_09 late afternoon.gif

Hi Arthur,
Apologies for the delay in replying but here goes
I will look at the trades as numbered then make a couple of observations/comments at the end if that’s ok… So this is how I would have seen those trades:

Trade
1. Valid set up 1, entry 1.4066, exit on down dot +4
2. Valid set up 2, entry 1.4095, exit on down dot -4
3. Valid set up 1, entry 1.4098, exit on down dot -3
4. Valid set up 1, I use aims +/- 2 pips for shorts so would not have been filled
5. Valid set up 1, entry 1.4061, exit on down dot -5
6. Valid set up 2, entry 1.4029, exit -4 (see my notes on trade management below)
7. I woudnt have taken this as entry was above purple line
8. I wouldn’t have taken this as my initial exit is too far and AO is not close enough to 0 line
9. Valid set up 1, entry at 1.4057, exit on down dot -7
10. Valid set up 2, entry at 1.4038, exit on candle trail at BE

Apart from the trade missed due to the school run there is another set up 2 trade at 1500 ish on your charts, which as sods law has it is +11….
So over all my end of day total is -4 as I would have had the +11 as well as the 8 out of 10 trades above.

You can see that a couple of trades I have less of a loss than your figures and below is the way I manage a trade:
1. Disaster SL of 13 which is 0.5% risk
2. Move SL to high/low +/- 3 pips of candle that triggers the PO
3. At +5 move SL to -4
4. Trail AIMS or consecutive candles

Of course this isn’t full proof and the -4 does occasionally get hit and then price go on and make good pips, however it does keep my losses small..


Also I like to keep an eye on the M5 AIMS levels. If the PO is within 5 pips of an AIMS on m5 then I will place that PO above the m5 AIMS level. Don’t forget we are trading the m5 charts with m1 entries…

Hope this helps

Grant

[Grant]

Hi Immy/Grant

I have another question for you. I just want to try and clarify my thoughts on certain aspects of the entry.

I'm clear that for the correct setup 1, the alligator must have slept and certainly be within the AIMS levels. However, the ideal entry is also when a break of AIMS co-incides with a cross of the AO. Is the "break of AIMS/cross of AO" given more priority than "alligator slept/within AIMS" criteria, or is it the reverse?

Below is a trade situation that has recently occured, would you consider taking a short position at the yellow line because "break of AIMS/cross of AO" has occured or would you disregard setup because the "alligator slept/within AIMS" criteria has not been satisfied?

Apologies for bombarding you with questions.

Arthur

Arthur,

The short answer is yes.. The alligator could be asleep (set up 1) or awake and heading in the direction of the trade (set up 2). So yes AIMS break and AO close to 0 line is IMHO more important. (Imran may disagree lol).

As to the circled trade, it’s not a set up 1 as the alligator isn’t asleep. The blue MA is not entangled at all.

However it is a set up 2 as the alligator is awake and heading in the direction of the trade, we have had a down dot with a fresh AIMS, purple MA is inside the new AIMS level so the candle with the vertical line was the trigger candle.

I actually took that very trade which cost me a rent of -5

Hope this helps

Grant

[avh101]

Arthur,

The short answer is yes.. The alligator could be asleep (set up 1) or awake and heading in the direction of the trade (set up 2). So yes AIMS break and AO close to 0 line is IMHO more important. (Imran may disagree lol).

As to the circled trade, it’s not a set up 1 as the alligator isn’t asleep. The blue MA is not entangled at all.

However it is a set up 2 as the alligator is awake and heading in the direction of the trade, we have had a down dot with a fresh AIMS, purple MA is inside the new AIMS level so the candle with the vertical line was the trigger candle.

I actually took that very trade which cost me a rent of -5

Hope this helps

Grant

Thanks for that insight Grant. It seems that you are still very actively trading Setup 2 as this is how you are able to fully load up your position and I understand the benefits in doing so. I was a little confused as I am sure I read a comment from Immy that from now on he was only going to trade Setup 1 to simplify matters. Although I don't see how just trading Setup 1 would enable a full trend to be properly exploited. So still not 100% clear on these issues.

Regards
Arthur

[avh101]

Another tricky day today, my results were as follows:

Trade 1, 7.55 am, +7
Trade 2, 10.07am, -6
Trade 3, 10.18, BE
Trade 4, 10.51am, -6
Trade 5, 2.37pm, BE

Net position of -5. Just before 1.30pm I had short pending which I quickly cancelled due to the volatility on the news release. I was nervous of getting a fill and then getting massive slippage on my stop if it went against me. As luck would have it price bolted to the south and it could have been a lovely 50+ pip trade, but alas it was not to be. There did seem to be opportunities for profits later in the day but I had to stop trading at 3pm so I missed them.

Only trading the morning session tomorrow as golfing in afternoon.

[Grant]

Another tricky day today, my results were as follows:

Trade 1, 7.55 am, +7
Trade 2, 10.07am, -6
Trade 3, 10.18, BE
Trade 4, 10.51am, -6
Trade 5, 2.37pm, BE

Net position of -5. Just before 1.30pm I had short pending which I quickly cancelled due to the volatility on the news release. I was nervous of getting a fill and then getting massive slippage on my stop if it went against me. As luck would have it price bolted to the south and it could have been a lovely 50+ pip trade, but alas it was not to be. There did seem to be opportunities for profits later in the day but I had to stop trading at 3pm so I missed them.

Only trading the morning session tomorrow as golfing in afternoon.

Morning Arthur,

you weren't on your own yesterday, i finished -14 for the day as like you i had to leave early (kids tennis lessons) so missed the late London drop....

i guess the kids are just expensive in more ways than one.... lol

many pips to you

Grant

[avh101]

First trades of the day. Both small losers, unfortunately I missed a positive again due to school run, my timing really sucks, never seem to miss the losers only the winners.

Grant your comment about trading the M5 using the M1 has confused me. I understand what you are saying but if i apply that rule there are many trades I would not take e.g. a long trade on M1 when in a 4th wave up in M5. My understanding from reading Immy's most recent posts is to forget all about M5, only have M1 open and simply avoid trading into purple line.

Slightly confused.
Arthur

09_09 morning.gif