Jozef's Journals - Stage 3

[Jozef]

T20/4 result DS1
18/14
UCAD

I took it as S1 setup. It was closed at trigger candle.

[Jozef]

T20/4 result DS1
19/15
UJ
Si setup hit TP nicely

[immy]

btw: more info on B trap is in the Advanced Concepts section. here is direct link to B trap topic http://www.itradeaims.net/forum/viewtop ... 437#p16569

[Jozef]

T20/4 result DS1
20/16
UJ
S1 setup hit TP nicely

[Jozef]

I finished a T20_4 with result 75%. I am not satisfied because I made mistakes.

[Jozef]

(*) STAGE 2 (*)

METHOD SETUP 1 AND HUNT
TF - M15/H1
FIRST TWO T20 - SEED
SECOND TWO T20 - CHERRY

PAIRS - EURUSD, USDJPY, AUDUSD, USDCHF, GBPUSD, NZDUSD, USDCAD

[Jozef]

1. trade: GBP/USD- RESULT DS1
- initial SL 52
- closed trigger 25
T20/5 - 1/1

It was a big box for S1. I managed trade by plan so DS1.

[immy]

1. trade: USD/JPY - RESULT DS1
- initial SL 52
- closed trigger 25
T20/5 - 1/1

It was a big box for S1. I managed trade by plan so DS1.

Congratulations on achieving this FEAT... this truly is an achievement you should reward yourself with something... Now its time to go to the next level and add hunt into the scenario. It will be a bit rough to begin with but you know Setup 1 pretty well. Now you can benefit from it .When you see a hunt signal, go to m15 and see if you can spot a nice setup 1. trade it there... or come back to h1 and trade it on h1.

So for Stage 2, you need to add only one thing. Move SL to Trigger Candle. Only after the close of the candle. Make sure close is outside the box and candle is pretty good size. If its a small candle and price did not move much, may be keep it somewhere in the middle of the box, above a bunch of candles. or go to m15 and find a box high there... then back to h1. then adjust the ATM settings with Pips... because moving SL to better location will change the BE settings. It will bring to BE before its gone 1R. that is because ATM calculates distances between entry and SL as 1R. so you need to set po with swing settings. then calculate how much was the original SL. enter that value, into the BE settings. e.g. if BOx was 20 pips and your SL is 25 pips. instead of having 1:1 settings change it to number of pips. So enter 250 into ATM that will mean now ATM will count pips from entry level.

following the above, your UJ trade would have closed out for the same amount of loss but you won't be exposed to the market for 24 hrs...

hope it makes sense.

[Jasmien]

Congratulations Jozef.

We are having so much fun on Skype and learning together. :-bd

[Jozef]

T20_1/1 trade the Cherry
EU
result DS0
I took this Cherry but at M15 was S2. I didn't wait for new AIMS level. I was out at initial SL. The result of trade is DS0. It was not the hunt signal becouse there was not S1 at M15!!! I made this mistake three times today. (