PaulF's Journal

[Bettina]

Hi Paul,

to one thing I can answer I think ( hope Immy won't disagree ).
The Alligator and the A0 or eWaves are not really different things.

The gator are smoothed MAs with period 5, 8 and 13. If you look at the ópening between blue and green, it's 5-13.
The former A0 was 5 - 35 ( according to the manual ), so just a little smoother or - the other way round, gator being a little quicker regarding the blue line. I don't know, if eWaves is exactly A0 on that, but sure not much different.

And gator has the red line of course.

The most important difference is, that the gator gives you comparison to PA and A0 gives you the structure.


Hope it helps a little on that.
Bettina

[immy]

Hi

I've gone quiet! Actually I've had a crap run of results and realised that I don't "get" the latest AIMS setup properly. Immy asked me to post on here what is confusing me.

I think I have two (big!) problems:

1. I don't understand how to filter trades by looking at the higher timeframes. I can see that the gator is open on M5 and M15 but people cleverer than me look at the AO as well.

Immy: Look at the Wave, count it if you can using the 10second elliott wave concept or eWave. if you have seen a completed wave on higher time frames, dont take lower time frame. if you see a possible 5th coming, take it on lower time frame, if you see higher time frame is near its end of 3 or 5, dont take lower time frame. Keep your analysis simple and if you are not 100% sure Dont take the setup.

Now I can guess it's ideal to have what might become a wave 3 starting on both M5 and M15 but I don't understand when else people will take or skip a trade based on looking at higher timeframe AOs.

Immy: best times are when you see divergence on AO on higher time frames, this might mean lower time frames are not in the right frequency.

2. I don't know what trade management we are advised to use any more. I think people are moving towards using the AIMS boxes for stop losses and looking less at the dots any more.

Immy: Trade management is important, but for me I dont strictly follow Grants TM, because Grants objectives are slightly different than mine, I like to add on and let it run , and dont usually have target points. I close on Green/red in the start and if price escapes from green then I try to exit with some aims levels to the left or trail candles. best is to let it run as much as you can. lastly dont be confused by others, decide what YOU will do and STICK to it. simple.

In addition I am frustrated by seeing people getting winners by taking what looks not to be a perfect setup on M1 - e.g. the gator is still pointing slightly down on a long trade. Then I take what I think is a perfect setup and grab another loser!!

Immy: the above picture is a good trade you took it ,and I took it, both had nicely lovely rents.

Help!

[immy]

Hi Paul,

to one thing I can answer I think ( hope Immy won't disagree ).
The Alligator and the A0 or eWaves are not really different things.

The gator are smoothed MAs with period 5, 8 and 13. If you look at the ópening between blue and green, it's 5-13.
The former A0 was 5 - 35 ( according to the manual ), so just a little smoother or - the other way round, gator being a little quicker regarding the blue line. I don't know, if eWaves is exactly A0 on that, but sure not much different.

And gator has the red line of course.

The most important difference is, that the gator gives you comparison to PA and A0 gives you the structure.

Hope it helps a little on that.
Bettina

I Agree Bettina, Gator shows us impulse and corrective wave situation, where as AIMS Wave, AO or eWave shows us momentum and helps count the waves in the most simplest and easy way possible.

[PaulF]

Immy: best times are when you see divergence on AO on higher time frames, this might mean lower time frames are not in the right frequency.

I don't understand this. By divergence do you mean that the AO has peaked and is returning towards the zero line?

[immy]

Immy: best times are when you see divergence on AO on higher time frames, this might mean lower time frames are not in the right frequency.

I don't understand this. By divergence do you mean that the AO has peaked and is returning towards the zero line?

In other words if you see 1-5 complete dont trade lower time frame.

[immy]

EU D1 is a prime example, D1 has completed 1-5, so we are a bit shy taking this setup. otherwise, its a down trend, and this entry is higher probability. so what do we do, we chekc the higher tiem fame

Daily Chart - Our Signal Time Frame

16-08-2012 13-22-18.png

Weekly Chart - Our Filter Time Frame - Red/Blue or Small Arrows

16-08-2012 13-23-52.png

Monthly Chart - Our Second Filter Time Frame - YELLOW/ BIG ARROWS

16-08-2012 13-30-23.png

[msk185]

Hi Paul

I share your frustration, I've had an enforced break from trading due to personal reasons but have been trying to get back into it this week, however so far I have had 7 losing trades and no winners so feel I'm struggling to come to terms with the new setup.

I'm just trying to keep learning from each trade to but finding it hard.

Just thought I'd let you know you are not alone

Mike

[PaulF]

Monday 20th August, Trade 1, EURUSD 5m, -10.5:

aims-eurusdsb-20120820-01.gif

[PaulF]

Monday 20th August, Trade 2, EURJPY M5, -12.3:

aims-eurjpysb-20120820-01.gif

[DirkLux]

Hi Paul,

after almost 8 month away from trading (or rather - learning how to trade ), this was my first position as well - who could have resisted a for times DA. And I believe all other parameters where met.



So I dont think anything wrong with your work according to the system here....

Cheers