David's Journal

[snowman]

Thursdays trades.

Trade 1. 10 pips. bad setup as it was against the purple line.
Trade 2. 6 pips. failed to hold for my 10 pip target.

t20 t21.gif

[snowman]

3 trades today.

Trades 1 & 2. Woke up late this morning, as I got to my computer I saw trade one on the charts just about to cross the aims level. Opened up the order box just as the price crossed and placed my order, then those nice people at Alpari slipped my price by 4 pips, so when it retraced I placed a second order in temper. Result trade 1. 12 pips Trade 2. 8 pips.

Mistakes
1. Not letting the trade go as I had not checked what the market was doing.
2. Aims level to high (20 pips)
3. Letting my temper get the better of me.
4. Failing to use a market order.

Got lucky this time.

t22 t23.gif

Trade 3. 2 pips

t24.gif

Thats it for the week for me now.

[snowman]

Just over 98 pips for the week.

Some bad trading at the end of the week, and I still can't get my head around Elliott waves. So still a lot of improvement available. On a positive note taking setup one close to a cross of the AO and trades in a confirmed direction seems to be working well for me.

[nored_4x]

hi David,

nice , good work.

thanks for posting your Trades, I appreciated your work.

go ahead and have a successful week

cheers

[snowman]

Hi William

Thanks for the kind words.

Right 3 Trades for today.

Trade 1. Setup 2. closed for -8 pips

Trade 2. Setup 1. Closed for -5 pips

Trade 3. Same setup as Trade 2. Price move down 9 pips the reversed to hit my stop loss at breakeven before going down to make 20 pips.

Result for the day -13 pips just over 1% of my account. So no harm done.

I'm not sure if I will get any trading in tomorrow, it will be late afternoon if I do.

t26 t27.gif

[John Wimberley]

Your entry that gave you -8 looks like a type 2. Nothing wrong with a type 2 and they can be profitable. It was just bad luck in this case. What I do see is that there was a saddle comprised of 3 dots and then it went south with a 4th dot. Purple was inside AIMS. When we see this there's nothing wrong place POs top and bottom of AIMS.

Understand that the dots are guides. When we see a saddle, AO close to ZL and purple tucked in, we have a fairly powerful setup.

As far as the other 2 trades go, I see nothing wrong with them.

Around half of the setups will go for BE or a small loss. It's the other half that we can ride for nice fat profits. That means taking all the setups.

[snowman]

Hi John.
Thanks for your input. The saddle you can see was before I started trading.
I only managed to trade Monday afternoon last week. Result for the week: -13 pips

[snowman]

Three trades today.

Trade 1. 15 pips

Trade 2. Closed at BE

t31.gif

Trade 3. 10 pips

t32.gif

[Grant]

HI David,

Very nice trading, especially the use of the higher TF AIMS levels for targets..

keep it going..

Grant

[immy]

David, as Grant Mentioned, the use of higher time frame AIMS Levels for target point is one of my favourite technique. infact thats the only way I use target point beside TZ1 or TZ2.

cheers

Immy