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

[immy]

The apples are Cherries ...

But an apple will be formed on the LTF and the Cehrry on the HTF. so Apple would usually appear in the middle or within the start of the Cheryy bar.

e.g. in this example below, apple was formed on the m1 chart , 4 candles later it was a cherry on the m5...

[immy]

[terence]

No R1 levels to left and the box too big.
According to strict S1 rules LOL

[immy]

Well just one rule missing ... big box... when box is big it just means, that there are higher chances of a. a fakeout b. a pullback into the box again resulting in hitting a Fixed or Strict or very small stop loss... but if you were to put your SL on the other side of the box .. it would be fine as long as it gives you at least an R or 2R space between TZ1 and the entry ...

[immy]

Batch 2
Trade 17
Gold
H1
Long into Possible 5 of something .. looks like a peak up then cross could be a 3 and 4 lets trust Jasmien on this




Update:

Moved SL below Trig candle and that moved BE to 2 points i'm happy for BE to be there
TP is still at 6Points. so technicaly a 3R profit possible. lets find out



Update: 10 am
GOLD is BE now. Realised my TP was just above D1 Box Level so moved it just below it



2R Hit

[immy]

BE Result DS 1

[immy]

The Trade is IN



Adjusted SL to 20 just above Trig Candle and hence Moved TP just above TZ at 2R

Dynamic SL Benefits

Now i reliased that TZ is just below D1 Low and I can still get a 2R at abvoe D1 low... so I moved TP there



updated: Result BE Outcome

[immy]

moved to Below Signal. Minimise risk



result -6 DS 1

[immy]

moved to Below Signal. Minimise risk



result -6 DS 1

Consider this as the Re-Entry of the above Trade Idea using a B Trap Box break



Exit - 6 DS 1



The Trade Idea was to catch the momentum up. But it failed to breakout. It seems that my idea of the breakout up was wrong of premature. I'm done trying this. now i will wait for a clear breakout of the range and the trade.

Update: ofcourse a few minutes later this happens

[immy]