Daily Trade Opportunities anyone ...?

[Pipbill]

Hello,

Nice to see the higher time frame corner. After checking the higher time frames on several pair I see that when the Red or blue Dot is painted the price has already went outside the Aims level most times. Do we still only take the trade if the price has not broken the Aims level?

Bill

[immy]

The Simple answer to this question is, we dont trade the Dots. We Trade the Setup. As long as the setup is correct you take it. Remember the Ground Rules and the 3 Entry Rules.

[speed]

Im new here but i have an observation.

Assuming a valid setup on a higher timeframe we are taking break of higher aims level in a long and vice versa in a short.

Sometimes the box (aims level indy) can offer quite be a big range between the stop and the breakout level (pending order), ie it has to travel a long way to trigger the pending order, and given a possible wide stop, it brings up the R:R question. This probably arises more on commodities like gold rather than currencies but i was looking for feedback on this.

Is anyone successfully trading higher TFs and how is it going?

Cheers

Speed

The Simple answer to this question is, we dont trade the Dots. We Trade the Setup. As long as the setup is correct you take it. Remember the Ground Rules and the 3 Entry Rules.

[immy]

HI

If the risk of a trade is too much, e.g you want to take a trade and you require 100 pip stop loss , on most pairs this would be generally a big stop loss for h1. but ok for H4. so we want Setup 1, tight aims. we want to trade when entry is close to the lines. that way if it enters us and turns around we get out with a quick but smaller loss. thsi is the name of the game. cut your losers and let your winners run. To cut your losers you need to enter as close as possible to your potential exit point. I hope it makes sense. And yes it is successful. it is the structure of the market. If a strategy is not successful on all time frames its a false strategy. FACT

Many pips to you

[speed]

Thanks Immy

This is a very different way for trading for me as i have been used to a naked chart, mas, and pivots.

This could be a good fit around my other trading as seems quite simple and straightforward

Cheers

Speed

HI

If the risk of a trade is too much, e.g you want to take a trade and you require 100 pip stop loss , on most pairs this would be generally a big stop loss for h1. but ok for H4. so we want Setup 1, tight aims. we want to trade when entry is close to the lines. that way if it enters us and turns around we get out with a quick but smaller loss. thsi is the name of the game. cut your losers and let your winners run. To cut your losers you need to enter as close as possible to your potential exit point. I hope it makes sense. And yes it is successful. it is the structure of the market. If a strategy is not successful on all time frames its a false strategy. FACT

Many pips to you

[immy]

Perhaps this could be a place for Anil and other friends! I shall try my best to post some H1 or H4 setups here.

[flugzeug]

Thanks Immy. I did not take the EURO short, as you advised. Let's see if it breals the 4hr lower aims level. I finally got my aims box to work and it beats the fractal arrows!! Thanks....look forward to flowing this thread as I felt a little left out!

[immy]

HI Anil

Good to know you've got the AIMS Levels on. Honestly, seeing charts without them does not turn me on. Our strategy is based on those aims levels thats why I was insisting you get them. Hopefully I have another friend for you Adem, who trades and loves the H1 time frame, so do I. He's gonna start posting soon.

Cheers

Immy

[flugzeug]

Hi Immy,

I noticed on the Euro 1hour there was another red dot, alligator is sleeping and a short would mean trading on the right side of the purple line. I also note the 4hour aims is more or less aligned to the 1hr level. The only problem is the AO is not a fresh cross over, it occurred a few bars back. What do you think?

[immy]

Hi Anil

as I was just reading your post and pulled the charts up, I saw that EU broke down. I was going to say that AO is old but still Close to ZL and red dot with fresh aims levels looked enticing. moreover I was going to suggest that taking this trade on h1 aims level would not be a bad idea. We can wait and see now if it creates a fresh aims level near the h4 aims level. We may short it there. Now that euro has only bad news we should be looking to short only on time frames such as H1 and above. IMHO