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Question: @Immy I've filtered the Cherry monarch on AusUsd H4, and my reason was that H1 had a completed 1-5, However a good cherry is an apple on 5XLTF which this H4 cherry had, the HTF (D1) was in an implusive wave as well, so my question is should we have taken this purely based on Hunt flowchart?
Answer:
the answer is very simple. You looked at the wrong chart. this H4 chart was going into Wave 5. and all you had to do was check if price had hit TZ1 or not. You would check h1 ONLy if you did not see a 3-4 on h4.
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.
immy wrote: 15 Nov 2017, 07:32
Question: @Immy I've filtered the Cherry monarch on AusUsd H4, and my reason was that H1 had a completed 1-5, However a good cherry is an apple on 5XLTF which this H4 cherry had, the HTF (D1) was in an implusive wave as well, so my question is should we have taken this purely based on Hunt flowchart?
Answer:
the answer is very simple. You looked at the wrong chart. this H4 chart was going into Wave 5. and all you had to do was check if price had hit TZ1 or not. You would check h1 ONLy if you did not see a 3-4 on h4.
I won't be forgetting this anytime soon, great lesson.
Notes and feelings I note for myself before my trade outcome: Sam called this trade out as a famous setup on SKYPE, only then did I see, I confirmed with M15 and took it very fast. Very happy about the outcome, I've been busy on Skype today, learned a few hunt lessons which I had missed somehow or forgotten about, so hence why I'm posting my chart just nowish.
Final outcome: 2R
DS 1
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Notes and feelings I note for myself before my trade outcome: H1 had a monarch seed, but ewave on H1 had still a wave 4 printed even though its not a 4 anymore to me as prices are well below purple so the previous wave 4 has retraced more than 50%; I will see this as a wave 3 now, anyways M15 looked beautiful to me so we will see, not fully confident here but hey... Lets see what Immy says about it, its triggered now. While writing this it looks more like a B-Trap but I'll stay in the moment.
Final outcome: 1R Loss
DS 0
Immy didn't like that trade, he didn't see the H1 as a new 3 hence why DS0. Never mind. next
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Last edited by Jasmien on 16 Nov 2017, 15:15, edited 1 time in total.
Notes and feelings I note for myself before my trade outcome: Immy called it out, I was just looking at it, switched quickly to M15 (I like to confirm) and sold that pair, 3 pips too late but that's ok, will see what happens, feeling good about it, its a valid signal so I will let me ATM do it thing.
Final outcome: BE
DS 1
We got stopped out on News but it was BE prior news which was nice.
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I forgot and I should have mentioned before.... but here we are ...
So you did your T20 on S1's and you did your Hunts as well...
Now its time to give Apple a go to complete the AIMS setup ...
An Apple on CTF is a Cherry on the HTF
that is the last bit of the Fractal Geometry that we trade...
So if you would like to add to your Fractal Geometric Trading Plan simply add the fruit indicator and make sure you have the No mans land option set to true. You don't want to display all the rest o f the fruit... just the one that apppears within 4.
The same logic applies, wait for 3 wait for 4, wait for price to go on the other side of gator towards purple... there you'll see a Fruit...
The fruit is Apple Fruit. This will let you get into that Wave 5 right at the peak of wave 4, the termination of 4 and the start of 5 .
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.
EUR/USD Apples - Recent long apple resulted in a 200 pips move up.
Remember that apple does not like 2R targets... it wants to be allowed to run ... so best to let it run till the trend ends...
AUD/USD Short H1
AUD/USD H4 - Check that the above Apple on the H1 chart becomes a Cherry on the H4 chart ...
Plus another thing. You don't always have to take an apple but often it helps you know that 4 might be ending here nad gives you heads up for the upcoming Setup 1
USD/JPY H1 - Apple into the Next 5 -- Way ahead of the crowd
Gold H1 - I took cherry but i saw Apple too
Not so good AA
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.
immy wrote: 16 Nov 2017, 15:55
I forgot and I should have mentioned before.... but here we are ...
So you did your T20 on S1's and you did your Hunts as well...
Now its time to give Apple a go to complete the AIMS setup ...
An Apple on CTF is a Cherry on the HTF
that is the last bit of the Fractal Geometry that we trade...
So if you would like to add to your Fractal Geometric Trading Plan simply add the fruit indicator and make sure you have the No mans land option set to true. You don't want to display all the rest o f the fruit... just the one that apppears within 4.
The same logic applies, wait for 3 wait for 4, wait for price to go on the other side of gator towards purple... there you'll see a Fruit...
The fruit is Apple Fruit. This will let you get into that Wave 5 right at the peak of wave 4, the termination of 4 and the start of 5 .
cheers
Hello Immy, thank you for this, I will put the indicator on my chart now. It's nice to be able to built upton my system now
YOU WROTE: "make sure you have the No mans land option set to true. You don't want to display all the rest o f the fruit... just the one that apppears within 4."
Not sure if I understand correctly, I have the following settings within my fruit indicator:
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