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

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immy
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Should I trade Classic or V5.1?

Unread post by immy »

Here are some differences between V5.1 and Classic. Essentially V5.1 is based on the Classic Setup. V5.1 has filters and further help for beginners to recognise the correct spots for entries and exits. V5.1 allows you to stay out of trouble and trade less and stay within your comfort zone. But it will prepare you for future. You may want to continue using V5.1 forever or you may want to advance to Classic where there is more freedom but requires more discipline.
Note: it does not matter what is the time frame in the pictures below as the setup is valid for any time frame or pair or commodity or stock! Fractal Geometric Nature of the Universe!
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Darren
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Joined: 20 Nov 2012, 13:54
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Re: Immy's AIMS Trades

Unread post by Darren »

Hi Immy,

Do you use stops as described in the manual (i.e. trail after 5 candles if there is a strong move or close on a new red/blue dot) or do you use some discretion sometimes, like when there are some hairy moves during NFP?

Cheers,

Darren
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immy
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Re: Immy's AIMS Trades

Unread post by immy »

Hi

My Stops are exactly as described in the manual. Starting from opposite side of AIMS box, and closing on green/red line in most cases. (Yes there is some discretion in my trading - Can't help it, thats just who I am) My exits are quite discretionary. You may see alot of my trades hitting TP's and sometimes, I let it run and chose my exits near AIMS levels of higher time frame or simply trailing candles (if it moves too fast) or just close of green/red.

(retrospectively alot of my trades happen to be exits on TZ1 and/or Targetting aims levels to the left)

cheers

ps: I still believe letting it run using green/red line is the best way forward.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Immy's AIMS Trades

Unread post by immy »

Here is a picture of an account growth with interesting observation. This guy just got in tune with the market during mid January. What do you think will happen next to his account? We'll find out in time. haha
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
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Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Immy's AIMS Trades

Unread post by immy »

immy wrote:Hi

My Stops are exactly as described in the manual. Starting from opposite side of AIMS box, and closing on green/red line in most cases. (Yes there is some discretion in my trading - Can't help it, thats just who I am) My exits are quite discretionary. You may see alot of my trades hitting TP's and sometimes, I let it run and chose my exits near AIMS levels of higher time frame or simply trailing candles (if it moves too fast) or just close of green/red.

(retrospectively alot of my trades happen to be exits on TZ1 and/or Targetting aims levels to the left)

cheers

ps: I still believe letting it run using green/red line is the best way forward.
I attach below a picture of a trade I took this afternoon. I exited on TZ1. It made sense. But below this I also attach a picture I just too now. Had I followed Green line exit. (dot exit) I would have give the trade further chance to make more pips and even then if it did not do that, it gave me nearly the same exit. In trading we need to do everthing to maximise profits.

One way is:
to protect your profits when you can (conservative approach) e.g. keep SL close)

Second way:
protect some profits and let it run (aggressive approach to gain massive pips. )

So the decision is yours and it depends on 1. your personality, 2. Your risk tolerance, 3. Your account size. 4. your experience.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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Bettina
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Joined: 28 Dec 2011, 19:55
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Re: Immy's AIMS Trades

Unread post by Bettina »

immy, one Question : Why didn't you take the red dot before at around 14:25 ? Was it the missing BDC at the top or something different ?
Bettina
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Darren
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Joined: 20 Nov 2012, 13:54
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Re: Immy's AIMS Trades

Unread post by Darren »

Thanks for for illustrative answers - all makes sense. :)
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Dave
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Joined: 13 Feb 2012, 06:05
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Re: Immy's AIMS Trades

Unread post by Dave »

My observation of that previous red dot is that gator is open to the upside. More and more I'm seeing that gator doesn't necessarily have to be asleep for a good entry (is better, and should have at least recently been asleep), but defintely shouldn't be open to the wrong direction of the intended entry. So recently opening in correct direction seems to be ok.

Dave
Now, I choose to make a profit in trading.
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immy
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Re: Immy's AIMS Trades

Unread post by immy »

Bettina wrote:immy, one Question : Why didn't you take the red dot before at around 14:25 ? Was it the missing BDC at the top or something different ?
Bettina
Bettina! good and valid question. The reason is did not take that one was that I was away from screen, on a break. Had I taken it, it would have been a small rent and I would have then re entered where I did. The prospect of 5th wave down was looming upon us!

Cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
Founder
Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

Re: Immy's AIMS Trades

Unread post by immy »

Dave wrote:My observation of that previous red dot is that gator is open to the upside. More and more I'm seeing that gator doesn't necessarily have to be asleep for a good entry (is better, and should have at least recently been asleep), but defintely shouldn't be open to the wrong direction of the intended entry. So recently opening in correct direction seems to be ok.

Dave
Agreed! I always thought t hat all we need is to be on the correct side of Gator and AIMS Box. And with the power of eWave we have stronger belief system which helps boost confidence and makes trading a bit easier.

cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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