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

[immy]

I'd like to show below an example of a trade which requires a bit of experience and belief in the system and the market. I saw the M5 gator was sleeping and so I thought it was a breakout setup. Now, a breakout trade, with sleeping alligator on m5 has more probability of rent so I lowered my lot size and entered m1. I knew market moved straight down. (1) and it need a retrace. (2) so I kept my STOP loss at 10 pip distance and was ready to accept this rent. then it came towards purple and created an aims level Point A. I stayed there. it then created a 9 pip long red candle. I thought this is my cue to stay in and that some more and was looking for a further break of aims low B. I added on so that I could maximise my profit and benefit from a possible breakout. I was hoping it would touch H1 Lows but it did not. Then I saw it was diverging so I decided to exit.

Note how Wave 5 turned in 3. thats what I was "hoping for".


also check Cable m1 during this trade. You'd see had i traded that chart using same technique I'd have got +20 + 25 . it happens! (sh)

[immy]

And then it did what I thought it would do before.

27-09-2012 16-27-02.png

I was just checking to see what other pairs are doing and when I SAW cable I jumped. One of the best setups.... Picture perfect so I took it.

[immy]

This is not my trade but I'd like to show it here. Someone very dear and close to me took this setup. I'm proud of her.

[immy]

Hey Everyone!

Please note that I'm away from home and travelling so I'm off this week and may not be available for quick responses.
I shall read the forum every now and then whenever I get the chance and internet.

I should have posted this before I left but forgot to do it. So I'm sorry.

cheers until next monday.

[immy]

Hello

I did not get anything during London Open. Started a bit late and did not take any setup. took break and returned for NYO. Waited until news were over. Red Dot setup short was caught.

nice 9 pips.

[Herbert]

Nice trade Immy!!. Just breaking 5min balance line.... :-bd Any reason you did not add-on for following fractal? Not sufficient movement from 1st entry?

Herbert

[immy]

Nice trade Immy!!. Just breaking 5min balance line.... :-bd Any reason you did not add-on for following fractal? Not sufficient movement from 1st entry?

Herbert

You wont believe! or perhaps you will, hence the question ) , i did have a PO but there is a story to tell

I had a pending order, and at one time I moved my SL to BE though it was too close. I had added a PO for add-on, and when price started going sideways i brought SL to BE and at one spot around 15.52 candle I thought SL was hit so I decided to delete my PO so I pressed Ctrl D (my short cut for delete all PO script) thats when I found that I was still in .. LOL perhaps I should have put PO straight away but I am a believer or "whatever happens happens for a reason - A good reason 99% of the time". and "in my world nothing ever goes wrong" is written everywhere !

so thats the reason I had no PO otherwise you'd have seen a plus +10 and +5 on this one.

cheers

[Herbert]

) Thanks for sharing that Immy. Very good example of not being effect of the environment and the dwindling spiral that then follows. (wd)
Maintaining BEING AT CAUSE well worth the 15 pips.....

Herbert

[immy]

London Open offered a Red Dot Trading Opportunity. First just prior to LO it produced a setup on m1 but price was still inside gators mouth on m5 and it was before LO so I chose to not trade it. then 1 min after london open it setup again. it produced a nice trade with possible 5, 8 or 13 pips outcomes.

[immy]

No trades for me today!