Fastmonty's Journal

[immy]

Hi John

Welcome to AIMS Community... I hope you'll have fun here .

1. No need for Fruit strategy for now. The Setup is the Basis. [JOB Number one is, answer this question. ARe you a disciplined trader?]
2. The Hunt has been "derived" based on the concept of Setup 1. BUT the evolution that must happen is inside our brains/minds. So we start at Setup 1. IT WORKS.
3. We Trade Breakouts in the direction of Higher time frame Trends . our motto. Some are pullbacks, some are not. We identify , using our setup rules, low risk opportunities that provide a higher probability of achieving bigger wins by the act of comparing the total sum of 100 trades and offset it against the sum of total winners. In doing so, you will achieve 1.25 to 1.5 profit factor. Which in my boooks is worth every penny i have...

T20 Principle is Step 1. Please read through the Just Joined Section/post.

cheers

[HFTrader]

Thanks for you quick & detailed Reply, Immy. Looking forward to learning/trading your methodologies and interacting with all of you.

Since I'm in Calif and trading the US Futures markets, does it make sense for me to join either "version" of the Skype groups? I don't want to get ahead of myself, but also don't want to shortchange myself either.

And to answer your question...Once i'm trading a strategy that I truly believe in....I'm extremely disciplined. The problem arises when Im either 1) not 100% convinced the method is viable, or 2) I don't feel "comfortable" trading it or have some kind of inner conflict with it.

thanks again, and hope you & your family have a Happy Easter!

[acceleratum]

Hello and welcome once again, I am around the afternoon on skype and I follow the US open till close most days So I can help if anything needed, theres fewer people on afternoon and less trade opportunities for european traders but it still works so im sure you can find some markets for you.
Its very easy to trust Aims strategies because they work, theres plenty of journals for you to check and while the results are mixed for eveyone, one thing is consistent, If your disciplined almost every strategy works. Its not a matter of the strategy working, its all about you making it work for yourself.
Hope you get there!

[HFTrader]

Thanks so much Pedro! I appreciate the welcome message and kind words. I certainly have plenty of markets to follow...mostly Comes Gold, Nymex Crude, the US Futures on Euro & Yen, and of course the US Indices S&P, Nasdaq, and Dow. Usually I'm here at 4am US but late today 5am. I see good movement already in all of the above.

My goal, aim, is to trade and become competent and disciplined in something that is quick to assess/analyze ie prob just Setups 1 & 2 but look for opportunities in as many markets as possible.

FYI this is my 2nd go around with trying to become competent enough to do this for a living. In the late 90s early 2000 i was personally taught by Market Wizard linda raschke....even traded her personal account. Started off fantastic but later fizzled ( Was due to mind conflict. I actually had approached her with my own strategy VERY SIMILAR to the Setup 1/2 methods taught her. Was working great on the s&P at the time during the dot.com craze, but only on long trades. Anyway her method was buying retracements after an "impulse move" out of a consolation period. But my mind kept gravitating back to my own Breakout strategy. Needles to say, trying to combine the 2 resulted in disaster! I basically decided to quit because just trading the 1 s&P market didn't produce enough opportunities unless one had a big bankroll.

Fast forward to 2017, I came across a trader who is doing remarkably well trading one futures contract on the markets I mentioned above. He's trading on average maybe 12 trades a day (off tick charts) and is averaging about $200 - $300 per day US. I see his trade results (just the final tally) everyday. He's only had one losing day in the last 2 months. Basically trading retracements after a Wave 4. I've had trouble implementing his methods....which is why I'm here.

Anyway....sorry about the long/involved post! Thanks again and I look forward to being involved with you, Immy, and others here!

[immy]

If you say you are a disciplined trader. WHy not take the T20 Challenge. 5 Batches of T20 trading Setup 1 only. The setup 1 explained in the latest videos. the one that goes into 5. [(not elliott wave just the AO/ AIMS Wave readings. ]

cheers

[HFTrader]

Good morning, Immy! Working on setting myself up for that right now ) I am still organizing charts/platforms ie I TRADE futures off Ninja & Tradestation and have a 2nd computer with MT4 setup with the AIMS indicators on that....still getting used to that. Not to mention still studying the methodologies, etc.

Just out of curiosity....why trade Setup 1 only and not 1 and 2?

Thanks....have a great day

[acceleratum]

The setup 2 fell of favor because its more complicated, less accurate and if you get in the S1 your already in from a better spot since S2 pops after S1 most of time.

[immy]

Totally agreed. The Setup 1 thought process is methodical. Its controllable and explainable. And besides, the only setup 2 we take are the setup 2's that happen straight after setup 1. It is/was our add on setup. It should not have been called a setup 2, it should be called a "delayed" Setup 1. But naming is important when it comes to communication.

[HFTrader]

Thanks guys. I've always found what you guys call Setup 2 difficult to enter because there tends to be a lot of false signals. But for the past 2 months i've been trying to emulate this friend who has an incredible knack for entering just the right ones at just the right time. ie he's just trading one US futures contract and CONSISTENTLY making $200-300 per day....doing on average I'd say 12 trades a day over 6 markets. He could be Killing it if he'd up his trading volume but psychologically he can't cuz he starting his futures trading doing 10 lots....lost $100,000 and the trauma of that still haunts him.

Agree with 100% re: communication is vital when it comes to detailing what one is doing when each is using different indicators, charts, methods, etc. What I need to reconcile in my own mind is how to go about incorporating my own methods, charts, indicators, etc with all of yours. ie I literally have 1000s of hours of screen time watching standard EMAs ie 8 34 89 200 and feel soooo comfortable with them. Also bolling banks to know when "Gator is Asleep" or waking up. To ditch all that and try and relearn what the Gator looks like in those same situations would take some extensive relearning. ie sometime it's better/easier to teach a raw beginner something than to unlearn/retrain someone.

Basically the market does what it does regardless of what kind of indicators we use to "paint the picture" of our understanding of it. My main focus in to learn your concepts, strategies, and feed off all the incredible experience all of you have and are willing to share!!! )

Thanks so much again!

[immy]

Hi John

We trade a Pattern. We are visual about it. If you want to trade the AIMS method you have to accept the AIMS template. All you need is create your trading plan based on the T20 Trading Principle. Complete 5 batches of T20 aiming for 80% Discipline Score. Do it on the slower time frames for intra day or end of day, its your choice. Just don't go for m1 or m5. Put your emas to the side for a bit. ITs not about gator sleeping or waking. Its about Setup 1 , and Setup 1 is about , FLOW CHART and the flow chart is focused on pretty objectively pointed out things.

hope it makes sense.