Fran's GAZETY

[francisrama]

October 24, day trade

- EU trade ---> Price hits my hard target @50PIPS
- Once more very good profit @7:1 (or 1:7 can't remember which one should come first...but it was very profitable...)
- Chart below

eurusd-m15.png

Comments
- AIMS make ENTRY very clear; also ADDING becomes very clear!!! Same rules, very easy, no doubt, no fear, just apply the rules...
- I decided not to trade today, since many red news
- I'll just monitor few "promising" pairs (H4), namely
AU, AJ, EG, EJ, all of them in wave4 (so looking for wave5 = EW cross ZL, then cross back the other way)

[francisrama]

October 28, day trade

- ECHF H4
- was looking for rebound = impulse WAVE 5
- chart below

eurchf-h4.png

- rebound occurred ---> find a good entry on M15
- enter BUY 2 x 1%, very tight SL, then add 2 x 1% twice (S1 and FRUIT set-up)
- secured 3%
- 3 x 1% free trade still running
- chart below

eurchf-m15.png

Comments
- sounds easy...and it is easy
- I am convinced of the need to understand Elliott Waves. Combined with AIMS it is a "lethal weapon" ...
- will just follow this trade today
- many other pairs in the same position e.g. AJ, which is moving nicely!!!
- pair I'm really looking after closely is EU = expect a major reversal (hopefully)...chart below (well I could be wrong indeed...)
- chart below

Capture d’écran 2013-10-28 à 10.56.21.png

KR

[francisrama]

October 28, day trade follow up

- ECHF just added 2 x @1% upon S1 set-up on M15

- See EU chart from above post
- EU dropped nose down (don't know if this is THE major turn down, but still good to be taken...)
- Sell 2 x @1% upon S1 set-up + add 2 x @1% upon a SEED on M15
- Current status = @2% trade secured; 2 x @1% trades still running
- Chart below

eurusd-m15.png

Comments
- Wait wait wait, patience, patience, patience, open yours eyes, open your eyes, open your eyes, and PULL THE TRIGGER when/if and only if set up is there. Simple, simple simple...

KR

[francisrama]

October 29, day trade

- Still following up my 2 trades:
---> ECHF quite profitable close to 10%
---> EU profitable, but no "big move yet..."

- New trade: UJ waiting for sub wave3 of wave3
- wave 3 unfolded nicely this morning
- H4 chart below

usdjpy-h4.png

- Drop down to M15 to seek a good AIMS entry
- S1 ---> buy 2 x @1%, exit half @1:1, add upon a SEED, exit half @1:1...do and redo and redo and redo the routine...
- M15 chart below

usdjpy-m15.png

Comments
- Following trades on H4 allow me to manage them "easily", this time 3 trades running at once. I use to check every hour -could do it every 4 hours, but I like trading...so every hour is perfect for me...-
- Again when the AIMS set up is there, it is OBVIOUS, you cannot hesitate
- Don't rush into "any trade"; be patient, observe the right set up

KR

[francisrama]

Absolutely gem. (wd) (wd) Good trade Fran. Keep it up. Rinse and Repeat..

Thx so much Sam, much appreciated!!! :-bd

KR

[francisrama]

October 30, no new trade

- All 3 trades running quite fine (ECHF LONG, EU SHORT and UJ LONG). SL adjusted appropriately to lock profits
- Await ADP and FOMC

Comments
- Every night before going to bed I say to myself "Fran it can't be that easy, you'll wake up and realize that you were completely wrong...". Every morning I wake up and realize that it is REALLY that simple. Of course I'm kind of joking = don't make it complicated friends, it's easy. Key is really PATIENCE, and do redo teredo rereredo etc.

KR

[francisrama]

..forgot to mention...

I know I repeat mysel here = AIMS is GREAT EXCELLENT PERFECT!!!!!!

Another great piece which fits perfectly with AIMS is ELLIOTT WAVES. It reinforces the assurance you have with AIMS = making decision becomes "natural", obvious...

Don't take me wrong please = there are times when things will go the wrong way. But you'll find out that most of the time it is because you did "imagine" a set-up which was not totally/not yet there.

In one word AIMS + ELLIOTT WAVE could be named "HOLY GRAIL" (angel) (angel) (angel)

KR

[Dave]

Great stuff, Fran, keep it up! (wd) :-bd

[francisrama]

Great stuff, Fran, keep it up! (wd) :-bd

Much much appreciated Dave, thx thx thx!!!! :-bd :-bd

KR

[francisrama]

October 30 - Share my daily routine

I've been with AIMS for 4 months. Would you believe me if I tell you that my life has been changed for the better (and I'm sure for ever)? Immy said it's me who change my life, which is the fact; yet without clear, friendly, savvy guidances I would not be where I am today!!! Thank you thank you thank you ALL!!!

So my tiny part is now to share a bit what I'm doing for trading, what is my daily routine.

ANALYSIS
My analysis is on H4. Main action = find out where price is, in other word in which WAVE price is.

Important note = I "insist" only on pairs which have a clear wave count = if I cannot "see" the waves after a reasonable time, I just move to another pair (and there are ALWAYS few pairs which have clear wave count)
Again of utmost importance = If I can't see the count on a specific pair, then I move to another pair

AIM
Once I have price position, I define the current target zone.
Let me explain:
- I intent to trade only IMPULSE WAVES, namely wave 3, 5, A and C (wave 1 is difficult to catch + "dangerous" since wave 2 retraces almost to start of wave 1)
- Therefore I'm interested in price which is in wave 2, 4, 5 and B
---> e.g. if price is in wave 2, I AIM for wave 3!!!
I set the target zone for this wave 2 (Ewaves, FIBO, channels)

PULL THE TRIGGER
Then when price comes to this zone, I look for reversal signs (Ewaves, candle pattern, FRUIT...)
Once I see these signs, I drop down to M15 to seek a good entry point = I let sub wave 1 of wave 3 unfold nicely. Then I capture sub wave 3 of wave 3 (often this is an AIMS S1 set-up)

How do I "count" waves?

Important to note = I am not an ELLIOTT WAVE expert, I am far far away from that!!!
I did not know anything about ELLIOTT WAVE, and decided to learn about it --->
Entry points are SNORM Ewaves and Immy video 5mn ELLIOTT WAVE. These are key to learn further (and I truly recommend to learn further!!!) If not yet done, please buy the first one, and view review re review the second one!!! These are GEMS!!!

For further study, I've been using this website ---> http://elliottwavepredictions.com (I have nothing to do with this site, no promotion )))
I'd recommend the paid video (SID ELLIOTT WAVE), very cheap @7.50$, and most important = take time to read Prechter's book which is free access on the site. There are also other ressources on the site, specially old analysis which help understand better...

Wish all of you plenty of success, but above all a fully happy life!

KR