David's journal

[azadar]

Took 2 trades during tokyo open:

2014-01-29_PullbackBeforeW5.png

2014-01-29_2225_2ndTimesTheCharm.png

[Nikita]

Do you trade dots?
Because your GOLD trade was with no dots. And i dont see clear if AO was close to ZL. But the next attempt you missed was pretty nice setup. Dont be afraid, just be in the ZONE.
Nothing to worry about! Just NEXT.

[azadar]

My dots dont show up on gold for some reason, im not sure why.

Here is another attempt at gold at NYO

2014-01-30_0822_pullbackToSL.png

[Michal]

You can always try to trail aim boxes

[immy]

My dots dont show up on gold for some reason, im not sure why.

Here is another attempt at gold at NYO

2014-01-30_0822_pullbackToSL.png

If not giving "enough room to breath" is the problem with your trades then here is a suggestion. Try closing exactly half of your trades at exactaly 1:1 and not moving SL to BE, because this way if you close half at 1:1 you have a technical break even trade with twice the "breathing" room available for your trade to "gyrate"

I hope this makes sense... but i know you know it!

[azadar]

Thanks for the suggestion Immy. Good advice as always

I will incorporate this in my trading and play with it to see how it goes

micchhaal: This is also good advice, thanks I forgot about this exit strategy.

[azadar]

Was working from home today so I had time to monitor the charts from time to time. Managed to catch a nice move down on eurjpy and closed after 100 pips. I did make a mistake on the exit and closed early when I should have closed on trailing aims level. Wasted about 10 pips by closing early.

2014-03-13_1333_100Pips.png

[immy]

Was working from home today so I had time to monitor the charts from time to time. Managed to catch a nice move down on eurjpy and closed after 100 pips. I did make a mistake on the exit and closed early when I should have closed on trailing aims level. Wasted about 10 pips by closing early.

2014-03-13_1333_100Pips.png

I thanked you for this post, because not only does it make you happy to see someone caught this trade and to congratulate you but also because this is the Essense of AIMS. Trading breakouts in the direction of higher time frame trend (momentum). well done mate... many more such trades to you... have a good weekend!

[azadar]

Caught a nice W3 down on gold after a big move up. My exit was based on me leaving to attend other things rather than on a signal. The correct exit would have been to trail aims levels on M5.

[azadar]

working from home so I managed a nice trade on eurusd. Trade taken on M1 then trailed aims levels on M5 for exit. Result: 33 pips gained while risking 10 pips. In hindsight, it was probably a mistake to close with trailing aims on m5 since it was late in the NY session and when there is a big move like that the NY session often ends moving slowly in the same direction of the big move.

Anyway still happy with the results