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

[immy]

Latest recommended trading plan shows that you are not closing on opposite dot. For me that's ok, but it's something that I have thought to utilize. Anyway, I'll skip it for now.

I just love to see your charts and dot analysis. On weekend I simulated some of those days and checked your Excel chart. Taking notes on M5 AIMS levels and alligator. Also checking my videos on the same spots. Amazing confidence builder on many good setups

Thanks again Immy for everything you do and have a great weekend fellow.

Tomi, thanks for your kind comments. I gotta say it, this system is so cool I love it. Its amazing. Simply follow the flow chart and your account will keep growing incrementally and even exponentially if you beliee and love your system. Its just so good, I gotta say it. There is no reason for me to change and experiment so there should be no reason for anyone else. No one in the world can tell me to trade something else. I just don't see any other way that can work for me. This is just so great. I love it. And I say thank you thank you thank you. Its helped me make such great friends around the world. I'm surrounded by intelligent people. (and yes you can count yourself too haha )

Excel Sheet: oh yes, I hope everyone downloads it and checks it. Its a great tool. Lets make sure we all keep updating our own copy and then see if all of us are going in the same direction. All of us can learn and improve. The last week we traded only 2 days but we could have traded 3 at least because friday I think I was over cautious and did not take a long that I should have but then again I did not pay a rent before the long as well.


Believe it or not.
While i was updating the flow chart I sat down and started thinking about the setup as it appears within the M5 wave. So I thought why not I cascade this information that I have in my head onto paper. And believe it or not I came up with 6 or 8 setups depending on "the position of the S1 or S2 Setup within the M5 Wave". Here isa list of Setups I came up with.
Strategy 1. S1S1 (1a. S1S1-DA)
Strategy 2. S1S2 (2a. S1S2-DA)
Strategy 3. M5GO-S1
Strategy 4. M5GO-S2
Strategy 5. M5NO-S1
Strategy 6. M5No-S2

And then there could be Fruit and PC-Fruit. and Seed and PC Seed. So there is some more explanation I can do which I think might just help the new trader. But the problem is the more you explain something to the new trader the harder they find it. So its a tricky one.

cheers

[Darren]

Immy - when you say in your trade management plan that initial stop loss goes below/above trigger candle does the trigger candle have to close before you move the SL, or can it still be the 'live' candle?

[immy]

Immy - when you say in your trade management plan that initial stop loss goes below/above trigger candle does the trigger candle have to close before you move the SL, or can it still be the 'live' candle?

The disaster SL is 10 pips and its there in the pending order or otherwise soon after its triggered.

[immy]

Hi

As you may know we did not get any extraordinary days the last week and this monday. The market is doing its thing. I've been wondering and looking through the last few days of data. Yes, there was perhaps one trade we could have taken on Friday morning but I was perhaps playing it safe, and may be a bit too safe but thats ok. So I have concluded that its perfectly fine and we should soon be seeing one of those days where we get 4-5 really good trades. Hypothetically, the worksheet signals wise, we should be 35% up and still most of the last week of sep left. Lets see what tomorrow brings.

Immy

ps: today was a BE day but I got me a 6 pip rent at the end. I had decided to finish but still was eager came back and tried to trade wave 5, which did not happen. So a rent day.

[Darren]

Immy - when you say in your trade management plan that initial stop loss goes below/above trigger candle does the trigger candle have to close before you move the SL, or can it still be the 'live' candle?

The disaster SL is 10 pips and its there in the pending order or otherwise soon after its triggered.

I meant the trigger candle stop loss, not the disaster stop loss. I am assuming the trigger candle stop loss can only be moved above/below the trigger candle when the trigger candle has closed.

[immy]

a moment of Wooohoooo

Finally it happened as expected. a nice 2.5% trade that required about 2 hrs of patience and discipline. Market was moving nicely during london open but a tad frustrating since it did not setup once and printed 100 pips/points drop. But we were there for wave 5. Thanks Grant. It was a group trade taken my

Moty: 22
Grant: 25
Darren: 23
Michael: 25
Tomi: 23

The Power of AIMS
The Power of AIMS Trading Group.

[Tomi]

23!

[Darren]

Good stuff Tomi :-bd

[Tomi]

Yesterday went just sitting here and scratching ars...table and no trades. Today there was news on London open and 30 mins after that. Needed to wait wait....wait for it.......BOOM

[immy]

Hi

Ok so the month is nearly over. I sat down and did my analysis on the chart. I have tried to do this as carefully and correctly as possible but if there are any errors please accept my apology and feel free to correct me, corrections will be accepted with appreciation and thanks.

There are 2 days left but I decided to include them in the next month instead. So from what we see below, 100% disciplined trading would have lead to a 48% account growth risking only 1% per trade.

The system generated a total of 62 trades (I have not counted the signals that were filtered as per flow chart rules) out of which there were 40 winners and 22 losers, that is a 66% success rate. Now it is not our aim to generate that high of success rate but our rules have managed to give us a yearly total of 65% over the past 2 years or so of data, which is more than enough data for m1 trading in my opinion. So this months win loss ratio is very near the same or or slightly above the average.


Total pips generated are 393 with average weekly gain of 12.2% (this is huge i know). A whopping 48.8% total gain for the month is astonishing if you ask me. What impresses me the most is the average loser of -6.5 against an average winner of 15.8 pips which does mean that you have to follow the Trade management plan accurately so you do not get out of the big winners prematurely. We had a few big winners this month with 84 pips biggest winner a 66 pip and a 42 pip winner and further 4 winners ranging between 37-30 pips. The distribution of the rest of the winners was even.

The stats for the month of Sep 2014 are based on the assumption that all the system generated singals were taken between London Open (8am UK) to German Stock market close at 4.30pm uk, using the Flow chart entry technique and trade management as per previous posts.

The Question is how far was our individual perfomance from the system generated performance? The other important question is if there is disparity between these numbers what are the factors that might contribute to this difference. Is it the number of hrs available to trade? is it the lack of discipline (most porbably) or is there any other reason?

Whatever the reasons, there is one compelling fact here. No matter how many signals are generated during what ever hrs does not matter, what matters is the system generates a succes rate of 60% plus and an average win loss ratio of 2:1 (The winners are twice as big as the losers on average). So suppose you traded only the first 2 hrs of the session or any other 1 or 2 hrs, the system should generate the same win loss ratio and success rate. This is powerful. I hope this infromation further enhances your confidence in our little system and help you improve your trading and hit your trading goals and objectives efficiently and effectively.

Possible actions: I think we need keep an online worksheet like this where we analyse each dot and the outcome. How many dots were filtered on what reasons how many were taken etc.. something like what Kyle is keeping. What is it that keeps the back testing results so far from the real trading results?