Immy's Corner [The Setup The Hunt - T20's and more]

[Darren]

The 'Seed' looks like a doji type candle, within an Aims box that is also an inside bar. Am I getting warm?

[Tomi]

When impulse wave starts there is preceding corrective wave ended before it. When the wave turns there is usually some time ranging market, the range gets broken and AIMS levels starts to make new highs/lows to the direction of the started impulse wave. I'm using this approach to catch start of W3's.

I think aims_range will do this on a lower timeframe (M5/M15) and mark reversals: corrective ends and impulse wave is about to start. For candle patterns I'm not that familiar with those, but I'm sure masters will explain!

This was my thoughts when checking the chart. It's late, I have no idea what I'm talking about. Just slap me, off to bed (rofl)

Finland won the game....woohoo! It was a thriller (party)

[immy]

Darren and Tomi!

Nice posts... Enjoyed your responses. I shall be off to bed too, after some bad ass stuff down my throat! haha

Good Night! I'll let the SEED stay dormant for a little while longer. ... (hug)

[Darren]

Immy - I just had a bit of an 'EUREKA' moment

I was just having a last look at the AIMS_Range indicator on the 5 min chart and noticed that each range (the black lines) lasted 12 candles. I then realised that there are twelve 5 minute candles in a 1 hr candle, so I put a vertical line at the beginning and end of each range on the 5 min chart and clicked the H1 button. Hey presto, each bar with a line through it was an inside bar and the 'SEED' is basically a breakout of that hourly inside bar.

I thought I would look at the UJ trade that you entered yesterday and can see that that was a setup in the late morning. So to enter you drop down to the 5 min chart and place a PO above the 5 min Aims box, with the stop loss below the AIMS_Range indicator to ensure your stops aren't too tight. The inside bar on the hourly chart should have a fairly tight range, so the stops on the 5 min chart should be 20 pips or less. The tighter the better. You enter in the direction of the previously dominant impulse wave and Bob's your uncle.

I maybe totally wrong and there are certainly a lot of parts of my theory missing but I think I am on the right track. Anyway - off to bed now before my brain bursts.

Cheers,

Darren

[tmmbabs]

So speechless, The theory of the Seed is a universal phenomenon, Not going off point here guyz, If Immy get to live to be 100 years old, he will surely come up with the Holy grail people been hoping to find. I go through my chart and I saw the magnificent of those black line, what baffles me is the risk reward ratio involve, these is not a holy grail yet, but the outcome is outrageous, Immy you are a master @ forex, plenty of salute on my part.... :-bd

[kooky]

WOW Immy, I can tell you mate, that after 4-5 years of frustration, and nil profit, and wondering why the hell I persist with FX, this is music to my eyes,may the Universe bless you for helping us.
I just pray I'm not too thick to grasp it all. (wd) (angel)
Kooky

[Grant]

Immy - I just had a bit of an 'EUREKA' moment

I was just having a last look at the AIMS_Range indicator on the 5 min chart and noticed that each range (the black lines) lasted 12 candles. I then realised that there are twelve 5 minute candles in a 1 hr candle, so I put a vertical line at the beginning and end of each range on the 5 min chart and clicked the H1 button. Hey presto, each bar with a line through it was an inside bar and the 'SEED' is basically a breakout of that hourly inside bar.

I thought I would look at the UJ trade that you entered yesterday and can see that that was a setup in the late morning. So to enter you drop down to the 5 min chart and place a PO above the 5 min Aims box, with the stop loss below the AIMS_Range indicator to ensure your stops aren't too tight. The inside bar on the hourly chart should have a fairly tight range, so the stops on the 5 min chart should be 20 pips or less. The tighter the better. You enter in the direction of the previously dominant impulse wave and Bob's your uncle.

I maybe totally wrong and there are certainly a lot of parts of my theory missing but I think I am on the right track. Anyway - off to bed now before my brain bursts.

Cheers,

Darren

(wd) (wd)

I don't want to steal immys limelight but that is close.

Grant

[ftsforex]

Just been monitoring it based on the hints above and I think I'm starting to see it.

The biggest value for me is that it would reduce the requirements of screen watching. Watching 1min charts is mentally fatiguing but the potential profits make it worthwhile, if you can get similar trades checking it hourly then that adds a huge amount of value in terms of time saved. What we do need to see is how many trades you get doing it this way.

I will be following this with interest. Hopefully as is explained soon so I can decide which path to go down

[Grant]

Just been monitoring it based on the hints above and I think I'm starting to see it.

The biggest value for me is that it would reduce the requirements of screen watching. Watching 1min charts is mentally fatiguing but the potential profits make it worthwhile, if you can get similar trades checking it hourly then that adds a huge amount of value in terms of time saved. What we do need to see is how many trades you get doing it this way.

I will be following this with interest. Hopefully as is explained soon so I can decide which path to go down

Chris,

that was basically my point to Imran when he first proposed this to me.... How many trades versus return on this system against what i know and have traded for nearly 4 years on m1....

I can tell you that if you had looked on the hour during London hours every day of May and taken every trade as signaled and used a basic AIMS h1 trail for exits then you would have a double figure return already.... Apologies Imran if thats too much info....

grant

edit... that is on 4 pairs traded

[immy]

Just been monitoring it based on the hints above and I think I'm starting to see it.

The biggest value for me is that it would reduce the requirements of screen watching. Watching 1min charts is mentally fatiguing but the potential profits make it worthwhile, if you can get similar trades checking it hourly then that adds a huge amount of value in terms of time saved. What we do need to see is how many trades you get doing it this way.

I will be following this with interest. Hopefully as is explained soon so I can decide which path to go down

Chris,

that was basically my point to Imran when he first proposed this to me.... How many trades versus return on this system against what i know and have traded for nearly 4 years on m1....

I can tell you that if you had looked on the hour during London hours every day of May and taken every trade as signaled and used a basic AIMS h1 trail for exits then you would have a double figure return already.... Apologies Imran if thats too much info....

grant

edit... that is on 4 pairs traded

Thank You Grant. That would have been my response too. 4 Pairs is all you need and 8 mins, ie.e 1min per hour is all you need. But I know you'll spend more time than that so lets say 40 mins a day 5 min per hour. The point is, the more you're away from chart the more you'll be in tune with the market.

The concept is to Not Work Hard but Make Your Money Work Hard for You.

The Universe is Mostly Empty - There is a great message in there....

Moreover, Its not just a matter of saving time. There is huge Mental Advantage in Not Staring at your Charts Constantly. You MIND wants ACTION and if it does not get it, it will "create" situations that will require action. And you may force yoruself into a trade. This is the huge -ive of the faster time frames. Not that you cannot deal with it but that most beginners fall in this trap. (Even I do from time to time). Since there really is nothing to look at, when you check 4 pairs for a simple pattern, it would be best to not stare at your charts more than 5 mins otherwise you will start seeings "things". more on this later... I'm monitoring Elections in Pakistan!