Pankaj-Trading Journal

[ppandekar]

My retrospection after previous trade:
Looks like my understanding of fruit was incorrect so introspected what i traded. I just wanted to take fruits and not follow the trend of the market. so re-wrote the process in my own words to convince myself that this is how i will trade here afterwards.

AIMS correct way to trade:
1. Probe to find trend reversal with fruit: only 45% chances with fruit probe. SAR to recover the cost of probe. No add-ons once in SAR.
2. Once fruit holds new trend may be discovered. Add-on on AIMS break. Increase of confidence so increase of position size. only 55% confidence because gator still closed.
3. Gator opens on opposite side 65% confidence and another add-on kicks in simultaneously.
4. Final add on, on another AIMS break.
5. Trend comes to an end only when Close below green line. Protection for PC by moving stop 2-PIP below low of candle which closed below green line.

Don't look for fruits when in trade. Instead trade with the trend...the green line.

Stay with the trend until the END

[ppandekar]

T4: Entry Fruit with Add on. Exit: Gator opened down, later price closed above green line.

[ppandekar]

T5: S1 Entry, green line exit. M5 just open downside. What steve pointed out later was that it was W4 on M5 and it may not be deep or may be choppy. Best to avoid trading when higher TF on Wave 4.

[immy]

Looking forward to seeing your afternoon trades. wonderful trades buddy. well done.

[ppandekar]

T6: Fruit trade. Had by mistake moved the stop to current price...quickly realized and re-entered.

[ppandekar]

T7: Fruit trade did not get into Stage3. Moved stop up after AIMS level was formed and exited.

[ppandekar]

T8: Fruit SAR and then exit on green line. Have deliberately decided to carry Fruit SAR till green line exit.

[ppandekar]

Immy...Your words boost my confidence so much...thanks

[ppandekar]

T9: Fruit trade, got whipsawed in PC. Don't intent to change anything here...was just on the other side.

[ppandekar]

T10: Fruit trade again. Looked like AA. so took it. M5 was open.