Momentum Trades

[kiravon]

Two Trades for Tuesday 17th November 2015

Daily NZ excellent set up confluent open Gator on Weekly BE DS 1

17.JPG

Closed cross back over 50 line QQE ADV

Also UJ H1 doing quite well +0.1% DS 1
Nevertheless 12 hours later QQE ADV Blue RSI sharply crossed 50 line.
I exited immediately for 0.1% profit. Not a lot but I am not in a hurry to
ignore this indicator again!

17b.jpg

Here we see the problem! I should have entered at cross up of
RSI Blue over 50 Line for 103 pips but the move was almost over
by the time I entered. catching a mere 0.1% instead of a potential
whopping 6%!

So more attention to QQE on both entry and exit!

17c.jpg

I just use two monitors now, I have a screen I can call up to check
on likely trending currencies but it doesn't need to be visible
most of the time.

But I like to see CTF and HTF each on a full screen to get a far
better picture. Two or four charts on one screen distorts the angle and
you can miss some finer points, unless of course you want to keep
maximising etc which I dont.

And I only have News alert indicator on one screen and my account
summary ie how much pips and account % up and down I am on
the other screen to avoid clutter.

As can be seen both my templates are AIMS based although I don't
use e very AIMS indicator such as Fruit and Seed, in fact I don't
even use my Divergent Bar indicator now as all these are clearly visible
on the chart anyway

Of far more use is the News Calendar Indi which I really like! I have
altered settings to display only the next high impact news release, but
including meeting, speeches and holidays - in other words all the things
I am usually blissfully unaware of that cost me money!

I want to pay far more attention to HTF beyond just being right side
of Purple, although that was quite an innovation to the AIMS Setup.

But I want to see Gators opened and everything else suggesting a
parallel move on HTF as well. Although in this last trade it was
H1/Daily which was far too much of a disparity.

About x5 HTF is far more relevant

Gone Short Euro BE DS 1 Closed at Cross up of QQE ADV

17 eu.jpg

--------------------------------------------------------
Wednesday 18th November


Long GBPJPY H1/H4 +2.5% +2% +1% -1% = +4.5% DS 1

Selection Process:-


So we see that GBPJPY stands out as worth looking at
and on H1 we see all the right things, Gators open to
upside, potential beginning of W5, we have cross of
QQE ADV and 4/5 cross Arrow, and all we are waiting for
is break of AIMS. PO placed above AIMS and prior AIMS

18 set up gbpjpy.jpg

and we see that Gators are up on the H4 and above 50 EMA and Purple

18 gj h4.JPG

I feel everything about this set up is perfect. Even if I lose or BE
I will have no regrets. If we can execute trades with no regrets we
are doing very well.

As we see below, a very nice trade - +2.5% +2% +1% -1% = +4.5%

The secret to this trade was as soon as momentum kicked in
I switched to and trailed on M5 after adding on three times
winning two add ons losing one.

18 jpy conc.jpg

295 views to this thread thus far, because I am posting within older
posts I am not getting the same visibility. Its good sometimes to check
that what I am posting really is for me and not unduly slanted for
an audience.

Of course we all learn from each other and these posts may likely be read
in the future so I still view them as keeping me publicly accountable
but in the main I am doing everything for my own analysis,

Unless it is all down in black and white, warts and all, it is so easy to
delude ourselves.

I can't believe anyone could be consistently successful without some
kind of trading journal

which reminds me I need to update my results.
From 9th November - 19th November
1)+1% DS 1
2)-1% DS 1
3)+4.75% DS 1
4)+2% DS 1
5)+2% DS 1
6)+4% DS 1
7)+2.5% DS 1
8)+1% DS 1
9) BE DS 1
10)-0.5% DS 1
11) -1% DS 1
12) +10.5% DS 1
13) +1.5% DS 1
14) -1% DS 1
15) -0.5% DS 1
16) BE DS 1
17) +0.1% DS 1
18) BE DS 1
19) 2.5% 2% 1% -1% = 4.5% DS 1
20) -1% -1% = -2% DS 1

DS 20/20

+25.85% since 9th November


Almost 26% in ten days. It really isn't easy!* but it can be done
but I trade momentum on M5 charts even if it starts out H1/H4
The secret to this trade was as soon as momentum kicked in
I switched to and trailed on M5 after adding on three times
winning two add ons losing one.

Momentum is all I understand in trading

* Actually it is easy when you are in the zone, other times it just
all seems to go wrong, like clutching defeat out of the jaws of
victory. succeeding is effortless when it happens

but thanks to Moty for his methodology, not interested in Elliott
but ' Looking for Monarch on M5 then trade S1, AA and Cherry and Seed on M1'

Like so many things - so obvious when someone points it out!

I will see if I can incorporate it into what I'm doing,
assuming I know what I'm doing - I think I do

90% is very much AIMS based still
--------------------

Thursday 19th November
Trade 20
M5/H1 EURCHF -1% -1% =-2% DS 1

W3 retraced 38%-50% into W4 now poised for W5 - not!

Trade 1 +1% -0.5% = 0.5% DS 1
EurAud M15/H1

H1 is Monarch retraced after first peak with bearish DB

Now look for set up on M15

19 euraud.jpg

19 euraud setup.jpg

Friday 20th November
Trade 2

EURUSD S1 M5 +3% DS 1

20b.jpg

Trade 3 EURUSD M5 S2 -1% DS 1
With a potential 8R it's 2.30am, it might be a long night. but I'm well chuffed
with my new trade manager, it's perfect for me, lightning fast!

20c.jpg

if I could keep this level of proficiency I would post in the normal way
where I can be seen. So often I just know where price is going, and
when I am in best form the results are beyond what I could ever have
expected!

but we've seen some really great guys here go seriously off the boil
and it's not the system and its not the market.

I can do 25% in ten days, break for the weekend and come back on
Monday with no clue how I did it! seriously

Its much to do with total nonchalance, there is no stress in the zone

but it is elusive. Ive just got to keep watching my mindset. I don't
really need anything else

Trade 4 NZDUSD M5H1 MIB +4% DS 1

20nz 4R.jpg

NZDUSD M5H1 MIB
From November 20th
1) +1% -0.5% DS 1
2) +3% DS 1
3) -1% DS 1
4) +4% DS 1

26% last ten days, now 7% in one day

This is too good to be flash in the pan, but I have no confidence
it will last.

Trading teaches you a lot about yourself

There is no reason these sort of results shouldn't continue.

Problem is it isn't completely mechanical. I'm mainly responding to momentum
in price, hence the title of the thread 'Momentum Trades'. but it requires
total self confidence and I am not consistently self confident

Do I feel deserving of unlimited wealth?

only sometimes it seems

This is so frustrating. I am so close now but maybe so far

Trade 5 DAX M5 S1 +1% DS 1

20DE.jpg

From November 20th
1) +1% -0.5% DS 1
2) +3% DS 1
3) -1% DS 1
4) +4% DS 1
5) +1% DS 1
6) +4% DS 1
7) +1.5% DS 1


Trade 6
NZDUSD M5/M30 +1% DS 1

23 nz.jpg

Trade 7
EURCAD M5/M30 +1.5% DS 1

23 ec.jpg

[wiseambitions]

Interested to see that you're trying QQE

I have used the indicator since before I heard of Williams and Aims. Originally because it was part of the Forex Rebellion strategy.

It is fairly similar to RSI of course, and the 50 line (level line) is a good gauge of trend change, in fact it is the crossing of solid and dotted line which is a bit similar to peak of AO in showing the turning points at the top and bottom. Well worth reading up on the internet to find out what is meant by a "stale" signal.

This is neither Williams nor Aims, but I do believe it's an indi which too few people have learned how to incorporate.

I talk to a few professionals, and maybe the one they might use over this is TDI. Traders' Dynamic Index. I think I know enough indicators already and don't take a lot of notice, nevertheless Good luck to them!

With all of this stuff going on, I find it important to have an eye on what the aims levels are doing on high TFs like H4. I say this because I think the higher the TF the stronger the momentum will be in an aims level break, and I have lost too many trades in the past by failing to notice the bigger picture. For example, today (Wednesday) on DAX30 we have even had a break of the daily chart. It might not have gone very far but we are in new territory at a high which has not been exceeded in 2 or 3 months. I would have to think carefully about short entries when all of this is going on. Trend is our friend?