Thanks Immy. Should I hang fire with the old version then, I will of course continue to use the rules.
Thanks.
Daily Trade Opportunities anyone ...?
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Higher Time Frames
With the V5, You'd need the following settings
AIMS Wave: Change Input to .001 (or play around see what value would best suit you or the pair to show the orange bars)
AIMS Box: Perhaps 50pips as a guideline. IF more than 50pips you'd see a different colour.
AIMS Dots: Well if you don't want to trade against purple, that is no trading against H4 trend, then you better not change a thing!
cheers
AIMS Wave: Change Input to .001 (or play around see what value would best suit you or the pair to show the orange bars)
AIMS Box: Perhaps 50pips as a guideline. IF more than 50pips you'd see a different colour.
AIMS Dots: Well if you don't want to trade against purple, that is no trading against H4 trend, then you better not change a thing!
cheers
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
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!
The Consistent Pursuit of DS1
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!
-
flugzeug
- Free Member
- Posts: 25
- Joined: 12 Dec 2011, 14:37
- 13
Re: Higher Time Frames
I closed the above trade this morning for a positive 91 pips.
Things I could look at for future:
1)SL was 50 pips, so R:R was not great!
2)I did not close the trade due to a proper signal, the last bar did not close yet, but as I have no internet connection at work I did not want to risk it. Perhaps one day (when I can be a big boy like you guys and trade at home) I will not have this problem
3) AO has diverged as Immy pointed out.
Any other feedback would be much appreciated, I am still learning.
Regards,
Anil
Things I could look at for future:
1)SL was 50 pips, so R:R was not great!
2)I did not close the trade due to a proper signal, the last bar did not close yet, but as I have no internet connection at work I did not want to risk it. Perhaps one day (when I can be a big boy like you guys and trade at home) I will not have this problem
3) AO has diverged as Immy pointed out.
Any other feedback would be much appreciated, I am still learning.
Regards,
Anil
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humpha
- Free Member
- Posts: 121
- Joined: 03 Jan 2012, 03:14
- 13
Re: Higher Time Frames
Anil,
Nice trade, I have traded higher time frames and although no expert the tip I can give is to look for previous support and resistance as possible targets, on the 10th of January there was huge resistance showing on our chart as your trade stalled it would be a good idea to tighten stops in this area for possible reversals, something to watch. I am currently trialling AIMS on 1hr charts around the London open and it's quite amazing, all the best.
Tony
Nice trade, I have traded higher time frames and although no expert the tip I can give is to look for previous support and resistance as possible targets, on the 10th of January there was huge resistance showing on our chart as your trade stalled it would be a good idea to tighten stops in this area for possible reversals, something to watch. I am currently trialling AIMS on 1hr charts around the London open and it's quite amazing, all the best.
Tony
Humpha - trading the waves
-
flugzeug
- Free Member
- Posts: 25
- Joined: 12 Dec 2011, 14:37
- 13
Re: Higher Time Frames
Hello Tony,
Many thanks. Yes I too find this system very good and reduces stress and the waffle associated with so many other systems out there. I am very grateful to this site. I am still a beginner, so hope with time I will improve.
Please do share your trades, or observations. I feel slightly lonely in the higher time frame corner!
Good weekend!
Many thanks. Yes I too find this system very good and reduces stress and the waffle associated with so many other systems out there. I am very grateful to this site. I am still a beginner, so hope with time I will improve.
Please do share your trades, or observations. I feel slightly lonely in the higher time frame corner!
Good weekend!
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humpha
- Free Member
- Posts: 121
- Joined: 03 Jan 2012, 03:14
- 13
Re: Higher Time Frames
Anil,
I have previously traded divergence with the Russ Horn Forex Master Method on the 1hr and 4hr time frame but entries are more limited. Since buying AIMS it has blown me away and as proven it many posts and by the journals if you become proficient at it you don't need anything else. I am currently using both systems together for the 1hr but its quite a headspin and I like charts to be simple. I am using the 1 hr and watching for breakouts around the london open and if I can grab 40-60pips I'll take it. In Australia were spoilt as we get the lo around 5pm when we return from work or crawl out of the surf scalping with AIMS is awesome. I will work on my 1 hr method more and will let you know how I go, possibly start a journal 'now that's scary'.
I believe we are definately in the right place my friend to make pips.
I have previously traded divergence with the Russ Horn Forex Master Method on the 1hr and 4hr time frame but entries are more limited. Since buying AIMS it has blown me away and as proven it many posts and by the journals if you become proficient at it you don't need anything else. I am currently using both systems together for the 1hr but its quite a headspin and I like charts to be simple. I am using the 1 hr and watching for breakouts around the london open and if I can grab 40-60pips I'll take it. In Australia were spoilt as we get the lo around 5pm when we return from work or crawl out of the surf scalping with AIMS is awesome. I will work on my 1 hr method more and will let you know how I go, possibly start a journal 'now that's scary'.
I believe we are definately in the right place my friend to make pips.
Humpha - trading the waves
-
flugzeug
- Free Member
- Posts: 25
- Joined: 12 Dec 2011, 14:37
- 13
Re: Higher Time Frames
Hi Tony, Immy and any one else who likes the higher time frames,
I went short USD/CAD this morning on the 1 hour chart. I am still short but have made my SL break even now. Let me know if you have any suggestions.
Cheers,
Anil
I went short USD/CAD this morning on the 1 hour chart. I am still short but have made my SL break even now. Let me know if you have any suggestions.
Cheers,
Anil
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humpha
- Free Member
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- Joined: 03 Jan 2012, 03:14
- 13
Re: Higher Time Frames
Anil,
Trade looks good mate, is that a 200 MA on your chart? I took three long trades last night, aud/usd, eur/jpy, eur/usd. I am still testing the 1hr chart with a stochastic oscillator which has to be pointing in the direction of the trade and still have room to move, setting is 8,3,5. It may not be required in the future but gives a second opinion on possible strength, my trade management was shocking but I was happy with 3 winners and pulled out with around 3.8% return for the night before a pullback happened, as it was they powered on but I was happy. Aud/usd = 26 pips + Eur/usd = 50 pips + Eur/jpy = 23 pips +
Trade looks good mate, is that a 200 MA on your chart? I took three long trades last night, aud/usd, eur/jpy, eur/usd. I am still testing the 1hr chart with a stochastic oscillator which has to be pointing in the direction of the trade and still have room to move, setting is 8,3,5. It may not be required in the future but gives a second opinion on possible strength, my trade management was shocking but I was happy with 3 winners and pulled out with around 3.8% return for the night before a pullback happened, as it was they powered on but I was happy. Aud/usd = 26 pips + Eur/usd = 50 pips + Eur/jpy = 23 pips +
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Humpha - trading the waves
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flugzeug
- Free Member
- Posts: 25
- Joined: 12 Dec 2011, 14:37
- 13
Re: Higher Time Frames
Hi Tony,
Nice trades! No the purple line is part of the aims template. The only indicators I use are as per the AIMS system. The purple line is the red line of 5 times frames higher, so for a one hour it would be approx the red line of the 4 hour.
I closed the USD/CAD for break even, I would have still been in the game if I left my stop at the other side of aims, but I moved it to break even.
May I ask where you obtain the high low lines from? Do they represent the SR of the other time frames?
Nice trades! No the purple line is part of the aims template. The only indicators I use are as per the AIMS system. The purple line is the red line of 5 times frames higher, so for a one hour it would be approx the red line of the 4 hour.
I closed the USD/CAD for break even, I would have still been in the game if I left my stop at the other side of aims, but I moved it to break even.
May I ask where you obtain the high low lines from? Do they represent the SR of the other time frames?
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humpha
- Free Member
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- Joined: 03 Jan 2012, 03:14
- 13
Re: Higher Time Frames
Anil,
It is steves indicator, http://mostly-forex.blogspot.com/" onclick="window.open(this.href);return false; it is one of the best indicators I have ever used, on the 1min chart it shows potential take profit areas and nails them. I have decided to be more patient with the higher time frames and wait for the cross of the AO. All the best, steve's indi is available at a small cost but guarantee it will pay for itself very quickly.
It is steves indicator, http://mostly-forex.blogspot.com/" onclick="window.open(this.href);return false; it is one of the best indicators I have ever used, on the 1min chart it shows potential take profit areas and nails them. I have decided to be more patient with the higher time frames and wait for the cross of the AO. All the best, steve's indi is available at a small cost but guarantee it will pay for itself very quickly.
Humpha - trading the waves