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fxsam wrote:Yesterday's trades. Breakout kicked in one hour before FO. I was more interested in swissy because of fresh cross AO but momentum was high on EU so i jumped into EU as well. Both entries taken after H1 level cleared. I had to closed 'em early due to CHF red news. I was not sure about EU reaction on that news so closed it as well.
I'm convinced after a discussion with Erik and some testing earlier this month, that the h1 levels are the best spots for Famous Setup unless its too far, but the thing is, the rules for famous states that you need to have tight pancake and horizontally flat aims boxes on m15, that would mean you'll always have a very tight H1 Horizontal Rectangle. Erik however believes that at times you don't really need to take it on m15, that you can use the h1 level and the h1 chart.
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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.
fxsam wrote:I am delighted to share with you guys that i have doubled one of my live account using Famous Pattern. Most joyful moment of my trading career. I have been trading only famous since last few months. I would like to thank immy ^:)^ ^:)^ who highlighted this pattern to everyone. I have been continuously following that and got rewarded. This shows AIMS is rock solid strategy and working in all market conditions. One needs to stick to his/her plan and execute it at right time. Hopefully my journey will continue like this.
ONLY FAMOUS is a powerful and most profitable and highly successful strategy. 80% hit rate... but I'll let Sam tell us what's been his Famous hit rate...
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.
fxsam wrote:I agree with Immy. 80-90% of my trades are only famous
An S1 within S1 is powerful at times.
S1 within S1 means, you see 1-2 on one time frame and 5x lower time frame, you see 1-2 before the wave 3. S1 within S1 gets you into the "non-obvious to the majority of the market hidden move about to happen. It has higher risk of rent but higher reward with bigger R:R whereas S1 in the direction of W3 on 5x higher time frame, (the Famous) is Famous because its visible to majority of the market yet, its successful because they all agree on going that way. Thanks Sam... You're becoming my Favourite ... :o3 \m/
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.
