Only fools and horses

[Sasa]

This is the first place I can have jurnal, where someone will tell me what was wrong about my trades (I hope Immy will do the most instructions) but everyone else is welcome.

I trade only M5.
I dont berlive (and I know I am right) in demo learning.
Here in my jurnal I will try to do analizes of my thought proces and state of mind whil in the trade.
Unfortunatelly I can only trade US setion, although I am Frankfurt time, since I have full time job, but I hope this will change.
Dont mind my bad spelling.

My first trade:

EU
1. Aligator lines inside box and somewhat mixed - not perfect i have to say.
2. Pur. line (PRL) is over the price and in the box and box brake level is bellow PRL
3. AO is close to 0 line - not perfect
4. SL over the box 2-3 pip - total risk 17 pip
5. TP
6. Whent in the profit 7-8 pips but I did not whant to move to BE and take small profit- still confident it will go down
7. Even better setup point, so it makes me even more cofident it will continue down since wholl US setion is down from the start.
8. Expecting a brake
9. Since it is late evening and not expect much volatility to hapen I close for BE.

It was late in US setion trade - not good
There where 2-3 blue dots and I should perhaps instantly exit or at least lower my stop loss (Immy please comment)
As for trade I had oprtunitie to evaluate the Aligators position, AO and price dinamic in relations to them trough the trade and it was a first time I did that - ???? It made me feel more of involved and in control of the trade than beffore.
I also had confidance it will go down because of lookning at chart, not a "gut" fealing. Chart was telling me down, allthough after some time I see it had some resistance level around my entery.

Here are the charts.

13.08.2012 eu - 2.gif

13.08.2012 eu - 3.gif

[Sasa]

In order to train my i for the setups I will also do the Posible setups that I idetify and would like Immy to approve YEA or No.

13.08.2012 au - 2.gif

[immy]

Hi

Firstly congratulations on starting your own journal. In time you will find that it was the best decision you made for improving your trading and learning faster.

Secondly, you need to upgrade to V5.1 and read into the info. Black Dots will get you out of the trades. I'll keep an eye on your journal, just like I do on all the other journals.

cheers

[Sasa]

Hi traders,
Agian my late US setion trade and this time on AU.

Thought process and trade feeling:

1. Aligatror going in to sleep - lines crossing and mexing - not perfect -thay call me a gunslinger
2. Read dot inside AIMS box, PA away from PRL
3. AO at "about zero line" little pull back - again not perfect - sell bellow box 1.5 pip
4. Stop over the top of the box 17 pip risk
5. Read dots with nice canles and level that are showing resistance and PRL sloping down- give me conffidance to stay in the trade.
6. Also the aligator lines never seriously crossed up and are more asleep and are tight with PA around, as well as AO bellow zero - another conffidance giving fact.
7. Aligator waking up- conffidance of a brake
8. Brake of the level - since it is late and no volatility I decidet to move SL to +3 and than to + 5 pips

Total trade +5 pip

Set up was not perfect although it had all the components right (I hope) but again I was able to monitor AO, aligator and price action around them. More conffidance I gues then before.

If it would not be that late I would wait fro + 10 to move to BE or just wait for the oposite dot.

14.08.2012 au - 3.gif

14.08.2012 au - 4.gif

[Sasa]

:ymdaydream:

Lets see if I gir my eye trained better. posible setups with type of trades (1 or 2)

14.08.2012 au - 5.gif

14.08.2012 eu - 3.gif

14.08.2012 eu - 4.gif

[Dave]

One of the most important conditions to be met is "recent cross of zero line" on AIMS waves.

So of those three pictures I would definitely not be taking either of the entries in the middle picture. It's also important to look to the higher time frame and check the AIMS waves and Alli. If, on the higher time frame, the AIMS wave hasn't returned to the zero line or the Alli has been open for a long time then these trades might also be worth filtering. It's much more difficult to time your entries if you focus on the M5 and only the M5 without consideration of M15/H1.

In my opinion, the best entries come when, on both the current and higher time frame, the Alli is freshly opening and there has been a recent cross of zero line.

Good luck! Dave

[Sasa]

Hi Dave,
Thanks for your comments, I apritiate it.
As I understod it has to be close to "zero line" and this is what I try to sport.

Checking higher time frame is certainly very good Idea, but I just started yesterday leadning. In any case, thanks a lot for your comment.
looknig at 30 min appx 5 times higher time frame is what i do with pur. line (direction and position.

BR

Saša.

One of the most important conditions to be met is "recent cross of zero line" on AIMS waves.

So of those three pictures I would definitely not be taking either of the entries in the middle picture. It's also important to look to the higher time frame and check the AIMS waves and Alli. If, on the higher time frame, the AIMS wave hasn't returned to the zero line or the Alli has been open for a long time then these trades might also be worth filtering. It's much more difficult to time your entries if you focus on the M5 and only the M5 without consideration of M15/H1.

In my opinion, the best entries come when, on both the current and higher time frame, the Alli is freshly opening and there has been a recent cross of zero line.

Good luck! Dave

[Sasa]

Today I have chance to be at trading platfomr from early morning. So far 2 trade:

EU buy
1. Nice sleaping aligator - much better this time I think and it was noticed on M15 and M30 as well
2. Blue dot in buy direction
3. AO close to zero line and positive. Take Buy pending 2.5 pip abowe the AIMS box which is 10 pip only (good) and buy level is over the pur. line SL below AIMS box - risk 12 pip
4. Observe FF level, the bars are to steap and it is pre Frankfur open which can be tricky and this make me alert. So I decidet to take this to BE or small proffit very quickly.
5. Aligator awakend good signe.
6. AO rising - good singe

I liked the setup since 15 and 30 min where also tight but no. 4 make me careful so I ended up + 3,4 pip.
I have feeling I am havig better enery and SL point (with some logical explanations behind indicatores) and that I am much more awara about trade developemen and not just waithing for TP or SL to be hit.

15.08.2012 eu - 2.gif

15.08.2012 eu - 4.gif

[Sasa]

2. trade today.

AU sell

1. Nice sleaping aligator - on 15 and 30 MIn aligator is awake bellow pur. line
2. Red dot
3. AO close to zero
4. It boroke previous resistance taking me in the trade - giving me a conffidance
5. Aligator awakening - giving me a conffidance
6. AO ganing momentum - giving me a conffidance
7. I did notive later that it was deverging

I decided to take it to BE then +3 and then +5

If i would stay in the trade ti would be BE or 2-3 pip loss on oposit dot or if I would not exit it would still be in the trade and with second chance to exit on BE after price reached very close to Sl. I would exit on second chance for sure.

After i am taken in the trade I obesrve the developement of my trades - what is going on with aligator, pur. line, AO, while I am in the trade and what is the position of the price in relation to them. I like that.

15.08.2012 au - 1.gif

15.08.2012 au - 2.gif

[Sasa]

Hi all,
I have to say i realy had great time on chat during 15th when I was able to trade the whole day.
Here is the last trade from 15.08.2012.

1. Aligator asleap inside the box. on 30M it was opened down and dhi give me the conffidance.
2. Blue dot.
3. AO nice around zero line
4. Sell below the box, Riski 15 pip.
5. Instantlly it went against me, I than chack the forex calendar and see there is red new coming. I decidet to ride it out and it and in full loss. After 2 nice red candles I was prepared to close it for BE but it never hapend. I was little bit too much concentrated on loss and did not oberve the chart. If I had I would see another buy oportunity (chart bellow first one) and i would recover the loss and make some more. To much looking at loss, loss, loss and I freaze. I will learne, I hope.

I did make recovery later on EU but not with AIMS strategi so I will not post.

15.08.2012 au - 3s.GIF

15.08.2012 au - 3.gif