Rules Flowchart - Grants Dimension

[Grant]

Evening everyone,

Having had a number of members in the skype chat over the last few weeks and having had the same questions from different people i have produced a flow chart of the rules as i have them and the questions i ask myself when a dot appears on my chart.

If you read through it you will see that i have a couple more questions/rules than the 3 from Imran that have to be met before i place a pending order.

It fits on A4 paper and i have it laminated and in front of me whenever i am trading to stop me cheating/bending the rules.

I hope this helps

Grant

[immy]

Thank you very much

[Peter]

Very useful. Thanks

Been added to my folder

[alright]

Astonishingly useful! Thanks so much, Grant.

[Erik]

Thanks Grant
Very useful
speak soon
Erik

[Mdock]

Thanks :-bd

[Peter]

Hi Grant

A question about your flowchart?

"Is dot completely inside AIMS?"

A simple binary question of course so needs obeying literally as it says?

Can I ask your reason/logic for that hard rule?

Thanks, Peter

[Grant]

Hi Grant

A question about your flowchart?

"Is dot completely inside AIMS?"

A simple binary question of course so needs obeying literally as it says?

Can I ask your reason/logic for that hard rule?

Thanks, Peter

Hi Peter,

with set up 1s we are trying to get our entries as close to the sleeping alligator as we possibly can as we are joining a new "trend", so we need to really enter on the 1st break of an AIMS level. hence when the alligator is asleep i like to see the dot within that AIMS level...

One of Imrans 3 rules is only enter on AIMs breaks. Dots only appear on candle closes, so rather than chase entries, if the AIMS is broken by the dot candle with a sleeping alligator, then i prefer to see the trend confirmed by a new AISM level, so a set up 2 entry...

I know there are more aggressive traders that take trades if a candle breaks an AIMS level but would not have triggered a PO at that level...

I guess its down to how aggressive you want to be with your entries....

as you know i like higher probablility ones, so fresh AIMS breaks is one factor in these.

Hope this helps

Grant

[Peter]

That's fair Grant.

Thanks again very much for sharing this very precise take on your cautious approach, while acknowledging that there is validity in others more aggressive approach as well.

8-)

[highlander]

Hi is it possible to do a flow chart for Immys approach as well? :-bd ^:)^