immy wrote:EUR/GBP H1 Sell 0.81670 SL 0.8196 (other side of AIMS Level )
Bad Points: There is Red new about pound, H4 low is near. H4 apparently completed 5 waves. So if cable stays where it is, and Euros fall down, we may have a good short otherwise close on red line. So 0.25% risk only. If you're conservative this may not be for you. cheers
Cancelled
PO Set Again, Same Spot, might manage on M15 or m30
Exited for -10pips. Managed on M15, SL was set above the high of trigger on M15. good decision. No harm done
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
I would like start trading 15min time frames with AIMS v5.1 system. I did demo testing first.
Do i need to follow any other rules except setup1 or setup2? Is purple line rule still applicable to M15 time frame. Some time i noticed trend go against purple line and i miss nice trade. What is the best and safe way ? Do i need to make any changes in indicator settings for M15 time frame ?
Thanks,
Sam
Hi Sam
"A Setup is a Setup is A Setup" is my Fav Line. The setup is the same for all the time frames. It is Fractal Geometry, the nature of the market and indeed the universe is such. We and everything around us are Holograms so yes the setup remains the same for all time frames. You will have to read this post or Richards jounal where he's shared different settings for AIMS Waves for the orange bars. For AIMS Entry Alert V5.1 you need to change the filter values. By default V5.1 Entry Alert is designed for M1 and M5 but if you change the settings it can work for any time frame.
I hope this helps.
Immy
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
Setup looks good Immy as the shown H1 w3 retrace shows on M15 as a w3-w5+div. Saddle conditions may occur later when aimsbox top narrows down over purple. M15 200SMA would have been passed by about 10 pips to hit PO.
Herbert
Luck = LABOR UNDER CORRECT KNOWLEDGE - Forex Joe
"Nothing wins more than superior research and preparation" AIMS - The art of Trading markets successfully
