Tomi's friendly market journal
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Tomi
- AIMSter
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- Joined: 08 Jan 2012, 19:21
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Re: Tomi's friendly market journal
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Last edited by Tomi on 08 Jan 2025, 10:41, edited 1 time in total.
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immy
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Re: Tomi's friendly market journal
If you're going to trade BDC, you don't need to look at AO. You're trading PC and BDC price may be either side of gator or AO, what matters is Price Action.!Tomi wrote:Had an idea that not trading today because of NFP but this looked soooo nice....
ABC armed with dual BDC got my attention: Would have worked well but news and AO kept me out: Oh well, I think there will be more these in another day
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: Tomi's friendly market journal
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Last edited by Tomi on 08 Jan 2025, 10:41, edited 1 time in total.
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Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: Tomi's friendly market journal
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Last edited by Tomi on 08 Jan 2025, 10:42, edited 1 time in total.
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immy
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Re: Tomi's friendly market journal
This was a good AIMS Short Setup, there was less reason to go long and more reason to find short setups. I paid rent earlier but missed this as I decided to quit until NFP keeping my 51 pips safe with me.Tomi wrote:Again PC in the works....now a trend reversal with S1 setup. Earlier I would have not taken these because of M5. Earlier I would have just waited M5 to settle down for W4 and wait for clear down trend on M5. Or new impulse wave up on M5. I would have completely ignored all short S1's on M1. But now price action looked very clear that it's short setups that looks interesting in this one. 18 pips on the table, anyone?
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Bettina
- Free Member
- Posts: 491
- Joined: 28 Dec 2011, 19:55
- 13
Re: Tomi's friendly market journal
No, not me. I was not prepared, thought lunchtime, Pre-NFP - and boops, suddenly both EU dropped.Well, next time.
Bettina
Bettina
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Tomi
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- Joined: 08 Jan 2012, 19:21
- 13
Re: Tomi's friendly market journal
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Last edited by Tomi on 08 Jan 2025, 10:42, edited 1 time in total.
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immy
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- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Tomi's friendly market journal
Please find somewhere I posted there are 3 kinds of Principle C. 1. Shows end of Wave 2. (we want to trade this) 2. Shows end of Wave 4 of Wave 3, appears in the middle of strong wave 3 (we want to add-on or get back in to trend on this one) 3. appears at the end of Wave 3, shows we are now in wave 4, (we want to avoid trading here)Tomi wrote:Updated the trading plan in the first page of this thread:
1. Principal C and In the Box trades included in the strategy.
2. Principal C can indicate trend reversal.
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Tomi's friendly market journal
I'd say, it does not necessarily show the end of a TREND! it shows the END of A WAVE! same can be said for BDC, however BDC at the end of a wave 5 could be our first cue that we might be seeing 1. end of trend 2. reversal.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: Tomi's friendly market journal
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Last edited by Tomi on 08 Jan 2025, 10:42, edited 1 time in total.