Mr.Meatballs questions, trades & ideas

[immy]

Cool. I just wanted to point out w.r.t what you said about previous divergence. If one would be trading divergence exclusively and we accept all criteria was met and a trader took the divergence trade, it would then have been a failed trade.
Apology for elaborating, I just need to follow through on the reasoning.

ENTER AIMS!!!!
Ewaves (AO) at the time showed your divergent wave as W3. Note 1.
Since AIMS seek out tradable waves 3 and 5, Elliotwave-in-1sec, we now expect a W4, with AO loosing momentum as it did, seeking W4 actively until AO ZL is crossed. At that exact moment Ewaves labelled and confirmed W4. You also notice how price entered into the red aimsigator area?? NON-trade area where w4’s mess non-AIMS traders up.

Once Ewaves confirms W4 as shown by the vertical yellow line, we start preparing for setups for W5. Ewaves then project highly probable W5 targets for consideration.
THAT was the missed trade you refer to…
There-after price continued lower than previous low and Ewaves labeled it W5 on 2 dimensions.
1. Structure – price went lower than previous marked w3
2. Momentum – AO momentum was divergent from previous w3 peak…

Wave 5 confirmed on both counts.
NOW, that is the divergence AIMS/Ewaves use mainly. A confirmation of W3-W4-W5. Suddenly we can look back and say without question or query, THAT WAS A COMPLETE ELLIOT CYCLE. (Having confirmations like this, without the endless ???? of typical elliot, we gain confidence for the following price structure and setup, slowly building our view of market structure.

THAT, in itself, the following price action, is contained in AIMS methodology in the advanced section, called a P5 structure. Soon Ewaves will also alert us on THAT…..

Back to Note1: your pointed divergence. As AIMS and Chaos theory teaches us, the market is built on fractals, IE: the same structure on all time frames and periods… Since we know MAIN divergence in AIMS is a W5, we look at your W3 with divergence anew and realise there is a sub-wave 5 contained in it, only thing is, we are on 1min. One typically go TF lower to see it, in this case we are left with the tick chart.. )
Main point I am making, look at divergence within the AIMS methodology, that is the way out of the divergence maze…
(let me stop before the forum server crash!!!)

The numbers are my labelling as Ewaves had it...
Herbert

alex.png

This post now is officially the second best post in the forum. The First Best is also by Herbert! (wd)

[evilmeatball]

heheh yupp Immy if there was a "+" button i would press it i am also happy that i learned some things today, good stuff

[evilmeatball]

here are my trades from yesterday:

i will also post my updated "rules" today if i have time + some thoughts from friday. been to busy and we'll see if there are some trades i take today..

[evilmeatball]

took one today, hit sl -8. the funny thing is i dont even feel it, i feel good after it followed a div and a meatball setup, lets call it that. just contemplating that one but it worked out nicely. Herbert will probably state that it was a princp c but it can be called anything

here is the pic, time for workout

[immy]

Hello Alex

About the Principle C comment, where do you see PC? I wonder if you understood the concept correctly! I know you're still in the chatroom but you're quite, lets talk here.

cheers

Immy

[evilmeatball]

no prob Immy, perhaps it is not the princip c.. but it is a setup according to me. maybe its not even part of AIMS, i dunno tbh but i will show you

im in skype room but i've been busy. i might show up though

[evilmeatball]

total 2 trades today, got in a bit late on the first one and that spared me some pips. today total -12. didnt take my "meatball" setup.. cya tomorrow right

[evilmeatball]

here is my chart for today.

i have an open question about B, what is your logic on this one? please say your thoughts, because i feel that it was in the direction of the previous trend and not breaking direction but only breaking the range. hence i should get in but i didn't know what the AIMS rules where for this.

[Grant]

Morning,

i have a rule where an opposite dot cancels your PO, but in your B case it looks like there is no up dot after the red down dot so the trade is valid....

hope this helps

Grant

[immy]

He Alex

The Dot was Red, so it was a Setup! If you have the purple filter set to true, and you get a coloured dot, that would mean that the indicator has already checked for entry to be on the correct side of purple. If purple is within the fresh aims boxes, and dot is against it, then it will not filter it, because now the purple itself is within fresh upper and lower aims levels. If I was there I would not have gone long, but short would be my preference, Why? My perspective on EUR/USD charts was short from Asian Open. Using H1 M15 trends.