The SEED

[Darren]

Hi Immy,

I asked this question in the chat room but you weren't there at the time. I was wondering if you would you put a PO on an H1 Seed that appeared 30 mins or an hour before some red news, with the possibility of entering a trade just before the news? I would assume that you wouldn't but as soon as the news was out of the way you would then put the PO on, but I may be wrong!

Cheers.

[immy]

Hi Immy,

I asked this question in the chat room but you weren't there at the time. I was wondering if you would you put a PO on an H1 Seed that appeared 30 mins or an hour before some red news, with the possibility of entering a trade just before the news? I would assume that you wouldn't but as soon as the news was out of the way you would then put the PO on, but I may be wrong!

Cheers.

Yes, you're right but don't forget that if I'm really interested in trading that pair, I'd drop to m1 and use my news strategy to get in. I may then take profit using the news strategy technique or decided to convert it into a H1 trade. Every day is different

cheers

[immy]

Darren: but EU was taken an hour before News. This EU or Swissy down was literally the same setups.

[Darren]

Beautiful trade - I must start looking more at the hourly charts for setups!

[immy]

Beautiful trade - I must start looking more at the hourly charts for setups!

I might be making it compulsory for new traders to start off H1's. I have enough evidence to support this decision but just not ready yet. too busy.

[immy]

The Seed and The Seed Bud Entries

Every now and then, we see a Seed its followed by a candle formation that I choose to call The Bud. You know, like a Bud that forms in plants that shoot into a new development and also its like the Seeds little buddy that forms immediately after a seed. In most cases its formation is similar to a small Pin Bar or a BDC. Its actually a failed/fake breakout of seed. Here are some examples in pictures. These are my favourite formations that can be taken in the direction of the Trend i.e. Gator.

Bud2.png

Bud1.png

Bud3.png

2013-09-24_2048.png

Seed4.png

2013-09-24_2053.png

Bud4.png

Bud5.png

Bud6.png

How to Trade the Bud

Bullish Bud: Put SL below the Low of The Bullish BUD below the Tail and since the high of the Seed is not broken yet put Pending order Long above the high of the seed.
Bearish Bud: Pul SL Above the Hgh of the Bearish BUD above the tail and since the low of the Seed is not broken yet put Pending Order Short below the low of the Seed.

Bullish Outside Bud: Put SL below the tail/low and PO above the high of the Bud.

BullishOutsideBud1.png

BullishOutsideBud2.png

BullishOutsideBud3.png

Bearish Outside Bud: Put SL Above the tail/low and PO below the low of the Bud. (Both and High and Low of Seed have been broken so take the bud high and low)

BearishOutsideBud1.png

BearishOutsideBud2.png

Any Questions... please feel free to comment/ask by replying to the post here.

cheers

[francisrama]

The Seed and The Seed Bud Entries

Every now and then, we see a Seed its followed by a candle formation that I choose to call The Bud. You know, like a Bud that forms in plants that shoot into a new development and also its like the Seeds little buddy that forms immediately after a seed. In most cases its formation is similar to a small Pin Bar or a BDC. Its actually a failed/fake breakout of seed. Here are some examples in pictures. These are my favourite formations that can be taken in the direction of the Trend i.e. Gator.

Bud2.png

Bud1.png

Bud3.png

2013-09-24_2048.png

Seed4.png

2013-09-24_2053.png

Bud4.png

Bud5.png

Bud6.png

How to Trade the Bud

Bullish Bud: Put SL below the Low of The Bullish BUD below the Tail and since the high of the Seed is not broken yet put Pending order Long above the high of the seed.
Bearish Bud: Pul SL Above the Hgh of the Bearish BUD above the tail and since the low of the Seed is not broken yet put Pending Order Short below the low of the Seed.

Bullish Outside Bud: Put SL below the tail/low and PO above the high of the Bud.

BullishOutsideBud1.png

BullishOutsideBud2.png

BullishOutsideBud3.png

Bearish Outside Bud: Put SL Above the tail/low and PO below the low of the Bud. (Both and High and Low of Seed have been broken so take the bud high and low)

BearishOutsideBud1.png

BearishOutsideBud2.png

Any Questions... please feel free to comment/ask by replying to the post here.

cheers

Immy,

this sounds very promising !!! One more "tool" in our arsenal now...I'll have a look at it definitely!!!

Thx very much
KR

[The_Snowman]

I have a questions, can you please show the Color settings for The Seed V2.2

And the F8 chart Color settings & if the Chart on foreground or not?

I just can't make my candles same as yours, thanks, John

[Andrewb]

Hi Immy, thanks for the new technique, the ever evolving Aims, love it. A question though, the advantage of the seed was its low risk, with the Bud aren't we taking away that low risk? With the entry being above the seed if long but the SL at the low of the bud.

Cheers in advance.

[The_Snowman]

Hi Immy, thanks for the new technique, the ever evolving Aims, love it. A question though, the advantage of the seed was its low risk, with the Bud aren't we taking away that low risk? With the entry being above the seed if long but the SL at the low of the bud.

Cheers in advance.

I'm not Immy but I don't see where the extra RISK is ?

If you mean using a stop that is farther away, well, you can still put stop at Seed candle or adjust position size to keep risk the same.

Looks to me like these BUD candles are extra confirmation and will actually make a safer trade = less risk

I have been using BAR chart but hope Immy answer my question above soon.