Herbert's trades for discussion

[Bettina]

You're an absolute master of exits. How can I learn this ?????
Bettina

[Herbert]

1h overview.png

[Bettina]

(wd) Total overview ! Do you always watch this H1 ?
Any mechanism ( indicator ) to show the HTF lines in M1 ?
Admirable ! How many screens do you have ?

Bettina

[Bettina]

Btw : I didn'ttake this setup, because the M1 alligator at the time of the blue dot was still down

[Herbert]

Bettina, i hate flipping various HTF's to take a trade. It gives me decision-freeze.
I prepare the 1H chart before session so all 1H work is then visible on m1 when price gets there. I did not show the fib on overview to de-clutter for forum.
4H, weekly and monthly is also on 1min, but these levels only "appear" on 1m when price gets there for use.

Herbert

[Herbert]

You're an absolute master of exits. How can I learn this ?????
Bettina

It is very simple Bettina. Big picture to small picture. Locate significant S/R levels as shown above - they attract price like a magnet. The same reason there will frequently be a w5 following a w3/w4. That is why w5's exist, that quick surprise rubberband reach for interested price levels (remember, w3's also contain sub-w5's.

Set target for it if in range of current PA, while monitoring momentum as usual with AIMS. When you see upcoming S/R levels, use technical levels to protect risk. Follow SL with AIMS levels once they are available. This allows enough room to hit that identified significant S/R level as TP.

If momentum fades completely, revise TP or allow SL at aims level to be hit .
Herbert

[Herbert]

I do watch 5min and 15min Ewave structures on another 2 screens, simply to know what type of wave we are in on 1m.

[Bettina]

Hi Herbert,

sorry that I cluttered your journal with so many questions. And you answered them all, big thanks for that !
Seems to be a lot of work, to have all those S/R levels updated every morning, but you also get the reward !
I will try to care for them better in future.
Thx again
Bettina

[Herbert]

Bettina, that is why i started this thread, not as a journal but for my place of discussions on related trading issues with all.
The lines is an indicator, not the best, there are many freely available. I sent you an email.

I would be VERY interested if Steve one day decides he wants to write such a professional "pay-for-indicator" to compliment his existing arsenal :-B
It takes in the morning pretty much 1-2 mins to prepare per currency... (in line with the 10sec or less approach of AIMS) )

Regards
Herbert

[snorm]

...

I would be VERY interested if Steve one day decides he wants to write such a professional "pay-for-indicator" to compliment his existing arsenal :-B
...

Sure thing Herbert - let's do it ... :-B