Herbert's trades for discussion

[Herbert]

From this morning's observation. M30 still heading for w4 purple(yellow) and H1 50ema+M15 200sma + D1 100ema??
Did a nice subwave w5 surprise.... iii-iv-v.

*EDIT* To me, that explains the frequent smaller w3w5 follow-ups, W4 corrective patterns..

Ok, i'll stop posting now... )
Herbert

2703c.png

[snorm]

\m/

steve.png

Herbert

(rofl) :-B

[Herbert]

I must say, today, EURJPY fractals makes EURUSD look like a dead squirrel on the road ...
71 pips and counting since this morning. last 2 trades counter trend (ITB spin-off) take that w4.... B-)

Since watching the Bill Williams video, i have gone "fractal-CRAZY" \:D/
I took one major point from it, to make money you have to be IN the market.....

Herbert

1104a.png

[Herbert]

I seriously doubt the rule. Do not overtrade....
The negative result that would normally be "pinned" on overtrading may simply be:
(As usual, the 2nd point is the most extensive....)

1. System not correct.
a. If your system does not provide you an edge, frequent trading simply amplify the result.
"Nothing wins more than superior research and preparation" (You are enjoying/using the thousands of hrs of work from the AIMS team and Chaos theory)

2. Trader not applying system correctly.
a. Trader not following the system.
b. Trader pshycology - Risk management not correct, the trader accumulate mental stress, application of system deteriorate...
c. With system applied correctly, there is no "cleaner" or "better" or "grade a" setups.... only a correct setup. A setup is a setup. No-one knows if the next setup will be loose or win, but not being IN a correct setup you definitely loose. (assuming if you do not trade, you are operating at a loss?)
d. System components not fully understood. To follow an indicator not understanding HOW and WHY it shows one what it does. Ownership not followship...
Luck = LABOR UNDER CORRECT KNOWLEDGE

e. Every system have loosers. If you "filter" trades incorrectly, you may well end up with the loosing trades and miss the winning trades it provides.

If you do not "like" or "cannot" make a trade every few minutes, key market times is the way out (London/USA open), or higher timeframes.
You should have an edge, trust it, trigger it, do not hesitate, 10sec or less.... ) AIMS - The art of Trading markets successfully


Fractals is the foundation of AIMS for me. EVERY trade opportunity starts there.
Not a comprehensive discourse, just my thoughts this morning. Your thoughts, criticism etc. welcomed.

Herbert

[Herbert]

Fractal madness continues on EURJPY:

-12 loss
2nd try +27 win

Herbert

1104b.png

[immy]

I see you're playing with the Princess! (Japanese Princess = EUR/JPY)

Nice gain on the last one, I missed that long , took the wrong one . GU!

[Herbert]

Hey Immy. She is very attractive today.... :x

Anybody noticed/trading the ABC retrace right after w5?? Black diamond and all....

From the chart, after a CLEAR w3-w5 structure with divergence, wait for price to drop to a previous price level and AO to ZL, then retrace back towards previous w5 top.
With the EUR pairs, i use a 61.8% fib sell limit and trail to S/R level or exit signal, etc. 61.8% combined with good S/R level even better.
As matter of fact, head and shoulders formation......


Herbert

1104h.png

[Herbert]

Princess still kind to me. +24. Target tp at yHigh.

Herbert

1204c.png

[immy]

Princess still kind to me. +24. Target tp at yHigh.

Herbert

1204c.png

Bloody good trading buddy!

That was nice play with the Princess! be gentle with her she could be cranky at times but kinky most of the times.... have fun! \m/

[Herbert]

That was nice play with the Princess! be gentle with her she could be cranky at times but kinky most of the times.... have fun! \m/

Thanks Immy. Immense gratitude to YOU for your excellent work in developing and providing AIMS to us, the retail traders.
"He who can truly communicate to others is a higher being who builds new worlds." - LRH

My trading ability is going in leaps and bounds because of it.

Never did I realise you also introduce dates with the most beautiful women in financial history....... (*)

Herbert