Fran's GAZETY

[francisrama]

May 8,

- After (a lot of) patience, long awaited SET-UPs did occur on AU and GA
- Charts below

Capture d’écran 2014-05-08 à 09.08.58.png

Capture d’écran 2014-05-08 à 09.09.38.png

IMHO, EU LONG is a good set-up as well...But I can't manage more than 2 trades at once...Chart below

Capture d’écran 2014-05-08 à 09.23.34.png

KR

[Silas]

Hello Fran,


thanks a lot for sharing your trades. It´s always great to see your well managed trades. Entry´s, add on´s and exit´s!!!!!!!!!! :-bd

How do you know where to set the add on´s (make the add on´s)?
And how do you calculate your target zone´s? Which are your exit rule´s?

Thank´s a lot for answering.


André

[francisrama]

Hello Fran,


thanks a lot for sharing your trades. It´s always great to see your well managed trades. Entry´s, add on´s and exit´s!!!!!!!!!! :-bd

How do you know where to set the add on´s (make the add on´s)?
And how do you calculate your target zone´s? Which are your exit rule´s?

Thank´s a lot for answering.


André

Hi André,

thx for your question buddy...Here we go...

As you might know I'm trading using Elliott Wave. As such, I'm trading EXCLUSIVELY wave 3, 5 and A. Enter somewhere at the beginning of the wave, exiting somewhere at the end of the wave.

- Entry is purely AIMS SET-UP -be it S1 or S2
- Exiting is target hit, or divergence PRICE vs EW while target not yet hit, or sometimes "guts feeling" -like before an important news-
- Target is defined per the chart below

Capture d’écran 2014-05-09 à 02.42.22.png

- ADD ON is defined by chart below...Sometimes I add on upon SEED as well. But this is kind of experience = I know I can add...or not...

Capture d’écran 2014-05-09 à 02.52.37.png

Hope this helps.

KR

[Dave]

You've certainly made this system your own, Fran. I like how you confirm the uncertainty of EW with the certainty of an AIMS setup (wd)

[francisrama]

You've certainly made this system your own, Fran. I like how you confirm the uncertainty of EW with the certainty of an AIMS setup (wd)

Hi Dave,

really appreciate your too kind comment, thx so much!!!

KR

[Silas]

Hi Fran,


Thank´s a lot for answering my questions.

- You write in your post that you make the add on´s after a pullback to gator and when MACD is below or above the 40 / 60 line.
Do you mean Stochastik instead of MACD?

Are the settings for STO 5,3,3 like you mentioned in a previous post, or do you use others?

After the pullback to Gator and the drop below/above 40/60 line, when do you make the add on? After a nice "momentum candle" in the trade direction or do you set a PO above/below the Aims Level?

Have a lot of Pips!

André

[francisrama]

Hi Fran,


Thank´s a lot for answering my questions.

- You write in your post that you make the add on´s after a pullback to gator and when MACD is below or above the 40 / 60 line.
Do you mean Stochastik instead of MACD?

Are the settings for STO 5,3,3 like you mentioned in a previous post, or do you use others?

After the pullback to Gator and the drop below/above 40/60 line, when do you make the add on? After a nice "momentum candle" in the trade direction or do you set a PO above/below the Aims Level?

Have a lot of Pips!

André

Hello André,

ooopss yes indeed, I meant STOCHASTIC, not MACD!!! Sorry for this... And it is STO 5,3,3 -to me it works well!-
Entries (including ADD ON) are AIMS SET UP always. No AIMS set-up, just forget it!!! STO is just a filter to avoid "poor" pull backs...
Also always follow the 2 x 0.5% entries (for me it is 2 x 1%), and EXIT half @1:1. This is valid for all entries as well, including ADD ON

Best of success buddy!!!

KR

[Silas]

Thank you Fran!

[francisrama]

May 9

- Target hit on EA (end of WAVE 3)
---> Exit trade @12%+ profit
---> Will try and take correction wave A; otherwise will wait for wave 5
- Chart below

Capture d’écran 2014-05-09 à 14.53.01.png

KR

[Michal]

May 9

- Target hit on EA (end of WAVE 3)
---> Exit trade @12%+ profit
---> Will try and take correction wave A; otherwise will wait for wave 5
- Chart below

Capture d’écran 2014-05-09 à 14.53.01.png

KR

(*)<--Fran ^:)^ (wd)