Jozef's Journals - Stage 3

[immy]

Hey Jozef, what is the name of this setup you took?

[Jozef]

Hey Jozef, what is the name of this setup you took?

Famous?

[Jozef]

T20/4 result DS0
14/10
GJPY S0
BE

[Jozef]

T20/4 result DS1
15/11
EJPY S1
trigger candle

[Jozef]

T20/4 result DS1
16/12
UCAD S1
It was nice S1 setup. It was iffy because UCAD is running down too long and we can expect a correction and W4 at D TF.

[Jozef]

T20/4 result DS1
17/13
AU Cherry

I took this Cherry because there is a strong uptrend. TZ1 was too far.

[immy]

T20/4 result DS1
13/10
UCAD Cherry
Initial SL

The B Trap and Sharp Move.

We know that corrective waves are zig zagy. They are not as strong as the impulse waves. Thye have much confusion inside them.

But with AIMS Setups we can actually predict and even profit from them from time to time. e.g. If we predict a B trap on a higher time frame, we can then trade the C of abc on a lower time frame.

here is a picture I took from your journal. USDCAD from the 12th of July and then DAX H1 from 2 days ago.. similar pictures?
You can find these patterns on many charts. So here is a little bactesting idea for you.

[Jozef]

Thanks a lot, Immy. I know that I have a problem with it. I can see it myself. I will try to avoid taking the B trap.

[immy]

Hey jozef, that is not what i meant. I posted in your journal just like that. Its not a fault in your trading. Its just a pattern that I know. And I share with you. and everyone else of course. You don't need to learn to avoid it because you can't. It shows itself only after you've taken the trade. Just like wave 5, it proves itself only when you've already taken trade. So its a pattern that is visible partially at the time of po but confirmed only after the trade is taken. but lets us know what happened at what stage of the wave and may help with the next trade. hope this makes sense.

oh e.g. in the UCAD example. you could say if this is b trap, "after your rent" you can then say, ok that means that the break above was C. that means wave 5 is yet to come. and it happened on the 14th of july.

So this looks like B trap. B trap also sometimes shows the peak of wave 2. If you look at the GU wave analysis pics in skype I think GU has a C down. that means this could be bottom of 2 Down. Ready for a new 3 up. Who knows aye?

[immy]

EU was a candidate for B trap too. But did not happen. Instead it went up into wave 5 of 3. Which is the FAMOUS setup.