Just a quick one - does anyone have a template available for the current Monarch Seeds and Cherries system? I'm keen to have a closer look....
Thanks :-bd
Dave from Sydney's Journal [Awarded Title: the Box-Trader]
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Now, I choose to make a profit in trading.
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immy
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Nope, its only in the skype group!
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!
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Hi everyone,
Today I've been forced into opening a new account with a new broker (Think Forex no longer offers a 1 pip fixed spread on DAX and at times is as high as 2.5 - 3 pips during London Open trading. No thank you!). I'm taking this opportunity of a fresh installation to load up the latest Monarch/Seed/Cherry indicators and to focus on trading this approach on the DAX. Looking back through my M5/M1 pullback trading approach it is clear to me that fractal geometry is at play and that these entry signals are the same, albeit on a different timeframe, as trading The Monarch. New peak, pullback, continuation etc. I am not abandoning my current approach as it works, but simply adding a couple strings to my bow and focusing solely on the DAX.
So my entry mechanisms will be as follows:
S1: As I've been trading, a pullback that can give rise to a stepping M5 AIMS level, new peak, M1 AIMS level break. M5 eWave shows the same conditions as we use to filter M1 Seed/Cherry.
London Open (LO): A momentum trade at London Open, M1 AIMS level or range break.
Adam's Apple (AA): An M1 fruit candle that occurs at the peak of the pullback, in a position that can give rise to a stepping M5 AIMS level.
Monarch Seed (MS): New peak, pullback, Seed candle, working towards TZ1.
Monarch Cherry (MC): New peak, pullback, Cherry candle, working towards TZ1.
I will only be trading the DAX and I am therefore comfortable with a few different entry mechanisms as they're all on the same timeframe.
Entries are not exclusive to others and, for example, an Adam's Apple may be followed by an S1 which may be followed by a Monarch Seed to give three running entries.
Stay tuned for pics and updates! :-bd
Today I've been forced into opening a new account with a new broker (Think Forex no longer offers a 1 pip fixed spread on DAX and at times is as high as 2.5 - 3 pips during London Open trading. No thank you!). I'm taking this opportunity of a fresh installation to load up the latest Monarch/Seed/Cherry indicators and to focus on trading this approach on the DAX. Looking back through my M5/M1 pullback trading approach it is clear to me that fractal geometry is at play and that these entry signals are the same, albeit on a different timeframe, as trading The Monarch. New peak, pullback, continuation etc. I am not abandoning my current approach as it works, but simply adding a couple strings to my bow and focusing solely on the DAX.
So my entry mechanisms will be as follows:
S1: As I've been trading, a pullback that can give rise to a stepping M5 AIMS level, new peak, M1 AIMS level break. M5 eWave shows the same conditions as we use to filter M1 Seed/Cherry.
London Open (LO): A momentum trade at London Open, M1 AIMS level or range break.
Adam's Apple (AA): An M1 fruit candle that occurs at the peak of the pullback, in a position that can give rise to a stepping M5 AIMS level.
Monarch Seed (MS): New peak, pullback, Seed candle, working towards TZ1.
Monarch Cherry (MC): New peak, pullback, Cherry candle, working towards TZ1.
I will only be trading the DAX and I am therefore comfortable with a few different entry mechanisms as they're all on the same timeframe.
Entries are not exclusive to others and, for example, an Adam's Apple may be followed by an S1 which may be followed by a Monarch Seed to give three running entries.
Stay tuned for pics and updates! :-bd
Now, I choose to make a profit in trading.
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Nikita
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
London open - you mean bracketing?
Who says we cannot predict, you can, thats not a problem, problem is how you react after you've predicted. (c) Immy
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immy
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Congratulations on rewriting your plan and thanks for sharing it here. your posts have been valuable and we learned from it a lot. I'm seriously looking forward to some more disciplined trades. chat later buddy
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!
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Unfortunately my "now" is a week travelling with work. Best of luck, see you all next week 
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Now, I choose to make a profit in trading.
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immy
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Enjoy your travels bilbo baggins ... Nice quote... loved it... love it
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!
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Good evening everyone and happy 2015. Hope you're all well and enjoying a prosperous start to the new year, although it is already February!
I've had a busy last month or more with a wedding and interstate move but will be setup and ready to trade again (hopefully) from next week. Looking forward to catching up on the forum.
Edit: 2016!!!
I've had a busy last month or more with a wedding and interstate move but will be setup and ready to trade again (hopefully) from next week. Looking forward to catching up on the forum.
Edit: 2016!!!
Last edited by Dave on 06 Oct 2016, 13:12, edited 1 time in total.
Now, I choose to make a profit in trading.
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Grant
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
Hey Dave,
Welcome back.
Would love to re live last year's markets but we may have to settle for 2016's.... (rofl)
Grant
Welcome back.
Would love to re live last year's markets but we may have to settle for 2016's.... (rofl)
Grant
success = patience + discipline - greed
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trade
But what if the markets have changed?!?! 8-}Grant wrote:Hey Dave,
Welcome back.
Would love to re live last year's markets but we may have to settle for 2016's.... (rofl)
Grant
Looks like some interesting developments with The Hunt - I've got some catching up to do.
P.S. Love the new head shot G-Man, beautifully lit.
Now, I choose to make a profit in trading.