Michael's (zlabis) Journal [The Magician]

[immy]

Michael ... you will notice, after adding the AIMS Channel that most of the apples apear within the band where we don't show any signals... depending on your understanding of our concept, you will either consider it an opportunity or a reason to not trade those signals... e.g. the picture attached has arrows as Adams apples they most appear inside the channel. If the Slope of Channel is nicely down or up, a strong 3 and sideways wave 4, you'll see nice FRUITS / apples to get into wave 5. But in seeds and cherry concept our RULE is we DONT trade INSIDE WAVE 4. Trading Apple REQUIRES you to trade INSIDE wave 4. 80% of losses come during Wave 4's...

But I don't have to teach YOU anymore... I'd rather ask you, Michael, what do you think, are you going to add fruit to this ELEGANCE and Make it again, 3 Entry types? Do you want more? What is it that YOU Want!!! there is not stopping you... Lets DO MAGIC!!! Let the Viennese Apple Pies... fill your bellies or are cherries (small apple like fruit) and seeds to keep you warm in the winter months.. enough... its UP TO YOU!! THE power is yours...

[zlabis]

Mon. Dec. 14, 2015

Screen time:
London Open session 9:00 - 11:00 (GMT+1) M1/M5 DAX only - LIVE
Time after Draghi speech: 12:00 - 13:00 (GMT+1) M1/M5 DAX only - LIVE

Result of 3 trades: 2x -1.0%, 1x +2.2% => -1.5p = +0.2%, DS = 3/3 , 3.00 hrs

[zlabis]

Tue. Dec. 15, 2015

Screen time:
London Open session 9:00 - 11:00 (GMT+1) M1/M5 DAX only - LIVE

There was a beautiful up-move during whole time of LO session but I was not confident and familiar enough at that time with our new "The Fruit" system (although it actually is very simple and rather easy to apply), so I didn't take 3 good long signals. Finally, I took the last signal of the session, a nice Monarch Seed into last push of w5 towards TZ1. I placed TP 5p below TZ1 as there was a high potential that price would have gone there due to very clear and obvious structure and movement, although there was small divergence of w3 and already printed w5. After PO was triggered, it moved up to 1:1 level with pace but reversed after that ti hit SL at BE with +/-0.0%.

It's clear that there will be some time required to adapt the new system and it's nuances but I'm already very pleased about the quality and simplicity of the approach.

Today's result: BE = +/-0.0%, DS = 1/1 , 2.00 hrs

Today's News-EA at LO: long -1.0%, short +2.0%

[immy]

MZ!

It wont take much time. Its basically a very objective methodical system. You will have to approach it with an empty mindset. Coming from a system where you took a dozen trades within an hour it might be a bit slower process. But the best approaches have the highest amount of waiting periods. I always believe that just like the secret of composing a beautiful piece of music is between the notes, in trading, success depends not on the time spend in trades but the times between the trades.

It truly is a hunt. The predators of the wild life isolate its prey out of the many so they can FOCUS on something "manageable" and meaningful. They plan ahead. The predator, such as a tiger has a unique strategy when it hunts in the jungles of India. It can be difficult to get closer to its prey without getting noticed. So it must play hide and seek and take every step with extreme care. It need to within 10 meters of its prey to increase its chances of success. It gets close to its prey hiding and moving carefully behind the bushes and when its close enough it finds a hiding spot and then does nothing. Simply waits for the prey to come to it.

We are sat at London open simply waiting for the prey to come to us. And we have a specific rule to follow. The tiger waits for the prey to come to it, near enough and then it must turn around and take 1 step away from the tiger. Then it attacks. The prey has no chance of running away when everything is done properly. As long as the tiger applies the same technique over and over it will catch its prey and feed itself and its cubs. It may fail on 50% of its attempts but it must carry on in the same fashion for its entire life span. As long as it follows the strategy the odds play out in its favour. The tiger's survival depends on this strategy. The tiger never mistrusts its strategy. It knows, it will get to eat only if it applies the strategy correctly.

We have isolated the prey out of the herd its called the Dax. We have then gone very close to it. (the m1 chart). We have identified the best point in time and space to make the kill i.e session opens. We have then identified the perfect strategy to grab the target (entry technique ). We have a mechanism to minimise our risk, we work in a pack. We are a pack of tigers or lions or wild dogs if you like, but I think we'll stick to Tiger and Cheetah for now. (some of us might not feel particularly prouder of themselves because of the negative connotations we associate with the term, wild dogs). Although I quite love the way Eagles prey. I wish I had eyes fitted with binoculars to zoom in on distant objects. Oh superman!!!

enough said... hope you enjoy the rest of the holiday period.

ps: ALL FOCUS is on Q1 the rest is just fancy stuff

[zlabis]

Wed. Dec. 16, 2015

Screen time:
London Open session 9:00 - 11:00 (GMT+1) M1/M5 DAX only - LIVE
NEO session 15:30 - 17:00 (GMT+1) M1/M5 DAX only - LIVE

LO session was a bit choppy again but nevertheless there were offered some good signals. First one, a lovely Monarch Seed, which would have been a winner, I have filtered because I considered it as still being in the range.

After breakout there was a Seed which I filtered as well due to some hidden divergence at the low of that swing and because there wasn't any pullback at all.

Trade 1:
As the strong breakout of the previous range pulled back, AO painted a dark bar, and a beautiful Cherry/pinbar, right at The Channel appeared. I took it without hasitation and after PO got triggered it went through 1:1 level quickly. Unfortunately prive reversed immediatly and hit SL at BE with +/-0.0%.

The rest of the signals until the end of LO session were all filtered by one of the three "The Hunt" filters (see screenshot).


I wanted to have some more chart time to get more used to "The Hunt", so I decided to trade NEO session as well.

DAX started at NEO session with a range for about 30 minutes. I was waiting patiently for a signal after a breakout and, when it showed up, I pressed "Sell-Bar" of ATM immediately. Unfortunately there was a gap and price jumped as well which leds to a 16p SL of a 10p signal bar. That SL was too big for my taste and I deleted the PO. In hindsight a bad decission as it was the initiation of a great short campaign.

Trade 2:
As part of the previous mentioned short campaign, at least I was able to catch the next signal - a Cherry - for a nice trade. It was 2nd pullback of the wave, so I left TP untouched at +2R level. After PO was triggered it moved sideways for a few periods but then I broke out with force and passed 1:1 and TP level in a few seconds. Nice ;-)

Previous canceled PO and Trade 2 were a great example of adding on, even with "The Hunt" strategy at a later stage. Initial trade of campaign would have already been a free trade at the time that Seed add on had been triggered. It was part of my former "Seed/Cherry/AA" trading plan and is in my current "The Hunt" trading plan as well.

Today's result: +14.0p = +2.0%, DS = 2 / 2 , 3.50 hrs

Today's News-EA at LO: long -1.0%, short -1.0%

[zlabis]

Thu. Dec. 17, 2015

Screen time:
London Open session 9:00 - 11:00 (GMT+1) M1/M5 DAX only - LIVE

Very nice up move of DAX during complete LO session with some good signals. One got invalidated, one filtered and one PO was rejected due to gap/jump of price. But wave 5 offered some good entries:

Trade 1:
Seed at first pullback of AO. TZ1 was in a very good distanceto entry. Placed TP at +4R which was about 5p below TZ1. After PO was triggered, it went in some sideway candles before it hit 1:1 level and SL at BE with +/-0.0%.
In hindsight I took it although there was already divergence between w3 and w5 but there was a very clear and obvious structure and up momentum, so I was confident taking it nevertheless.

Trade 2:
Cherry after new (but a bit small) peak of AO. TP remained untouched at 2R level as it was not even 10p below TZ1. PO got triggered and after that it went up smoothly and steadily in small up- and down waves until TP got hit with +2.0%.

Today's result: +23.0p = +2.0% , DS = 2 / 2 , 2.00 hrs

Today's News-EA at LO: long not triggered, short -1.0%

[zlabis]

Fri. Dec. 18, 2015

Screen time:
London Open session 9:00 - 11:00 (GMT+1) M1/M5 DAX only - LIVE

In contrast to last days, DAX remained in a big range above 10630 (support area) and below 10700 (big round number). I tried 3 attempts (Trade 1 - 3) before it was clear to me to better stay away until a sustainable braeakout which didn't take place during my LO session.

Trade 1:
Good signal of some sort of Momentum Inside Bar (MIB) after first swing high of LO session was clearly broken. Signal passed all three filters so I took it with confidence and without hasitation. It was already second pullback of AO therefor I left TP untouched at +2R. After PO was triggered it went up sharply and passed 1:1 level (SL => BE) but then it pulled back down to BE level before it proceeded further towards TP. That meant that although it hit TP nicely the trade was exited at BE earlier with +/-0.0%. Next ;-)

Trade 2 and Trade 3:
Short time after Trade 1 there was a new peak of AO and a new pullback. Trade 2 and 3 were quiet similar as price reversed quickly after PO were triggered and were exited qickly at -1.0% and -1.0%.

After Trade 3 was closed I decided to stay out for that wave until it breaks sustainably out to the up- or down-side through that obvious barriers.

Last two signals (2 Seeds) were filtered easily as there was clear divergence between price and AO and price action on M5 was clearly pointing down to that point of time.

Today's result: -25.0p = -2.0%, DS = 2 / 2 , 2.00 hrs

Today's News-EA at LO: long +2.0%, short +2.0%

[zlabis]

Mon. Jan. 04, 2016

Screen time:
London Open session 9:00 - 11:00 (GMT+1) M1/M5 DAX only - LIVE
NEO session 15:30 - 16:55 (GMT+1) M1/M5 DAX only - LIVE

First trading day of 2016 started with a good down move at London Open. It didn't give me a valid Seed- or Cherry-signal but there was good movement and obvious structure that I was able to tell which signals to filter (see screenshot).

At NEO there was one good signal (Trade 1) which ended in a rent and instead of moving further down in direction of the trade, it went into range bound phase. There were no further signals but I draw a clear trendline and was waiting for a breakout in combination with a nice setup (i.e. a Monarch Seed or Cherry). As no signal took place at the AO Monarch, I decided to quit for the day as I considered the session gone at that time, 5 minutes earlier as planned. Usually I don't think a second about "missed" opportunities when charts are closed but this time I witnessed it when I wanted to say "good bye" in skype room and the setup was called there but my charts were already closed. Anyway, next time I will stay as long as I have planned.

Today's Result:
Trade 1: Setup: Seed, Risk: 1R = 10.0p, Result: -10.0p = -1R, DS = 1
Trading time: 3.50 hrs

[immy]

The Magician is at it again...

I want you, the reader, to know, that if you'd like to learn how to trade The Hunt Concept, keep reading this journal and Grant's journal on a daily basis. This is the only way to learn.

well done... lets do some more exciting trading tomorrow.

ps: good analysis and good decision on the long trade. We paid a rent there. but hey, thats trading.

[zlabis]

Immy, it's always a bit of a challange to get used to new concepts, even if they are only a slightly changed derivate of already proven ones and I think I get it more and more.
My "extra" analysis of structure and chart situation helps me to let the signals go which are not very convincing to me, espacially if signal is in contrast and against to my overall structure analysis or if it's an edge case. If I'm not sure, I skip it.

I promise that I'm keeping my journal up to date, most of the time on a daily basis.