Immy's Corner [The Setup The Hunt - T20's and more]

[immy]

Shop Closed... See you tomorrow.

just when i thought lets finish... a nice short setup on EJ you gotta take it. you gotta take it. you gotta take... I clicked another 30 pips. and now goodbye.

[flpip7]

Nice!

[Dave]

I love these two statements!

"Chances of getting whipped are always there. so who gives a S**t. when you see a setup. just f*** take it."
"You gotta make yourself available to find out. otherwise you'll find out but wont make money."

I've had a lot of doubt with my trading lately - totally psychological, lost confidence etc. I even watched a perfect setup yesterday knock out 20+ pips but was too uncertain to take the entry. It frustrates the hell out of me and that just creates more uncertainty and a very out of the zone experience. Anyway, enough of that bull s**t.... "when you see a setup. just f*** take it."
Got some chart time tonight, see you then.

Dave

[immy]

Dave!

I know that feeling. Because every now and then everyone finds themselves in the "hole". The best way to get out of the hole is to do something that elevates your mood. Do something new, something fun or just start a nice meditation or visualisation process focusing only on what you want. e.g. I'd sit down and start visioning hitting 100 pips trades. I see the setup, i check the rules, I press the correct keys bring up the order window, select my lot size, a big one, one that I'd like to have e.g. 10 Lot trade and a 10 lot add on. Now I'll see how it goes, it retraces, creates a new aims box, I add on, I move SL to a better location, not too close but not too far either. I let it run and then price close on green line, I exit my add on for 50 pips, then market does a nice tight sideways wave 4, but a brief one and setups up, I put in another 10 lot trade. My first entry and the add on now starts moving. creats nice aims boxes, gator is nicely open, price is moving parallel to the gator lines, Wave is losing momentum, and it closes on green line, I exit with 100 and 50 pips making 200 pips and $20000 in my account. Feels good. thank you thank you thank you thank you.

Try it, it certainly puts a smile on my face....

[Dave]

Yeah you're exactly right. I've got a couple videos of bumping trades from Simple Forex Tester - might be time for some light viewing!

[Dave]

Hey Sam. Time for us to clear out minds mate! I'm planning on baring all in my journal, even if its 100 losses in a row. Time to cut the crap and focus on winners and just get it all out there!

Dave

[wiseambitions]

thought for the day

dont feed the alligator


I read the other day the largest croc in captivity has died
http://www.bbc.co.uk/news/world-asia-21406823" onclick="window.open(this.href);return false;

and has eaten people i his time!


The EJ seems to be trending down strongly. I thought it would turn around at some point but that gator has not got any brakes!

[immy]

Caught two trades this am. bit tricky ones but....

[immy]

Did I ever mention that taking PC in the middle of an impulse wave means attempting to get into the 5th of the 3rd. usually PC happens before divergence and we need to take only these two PC's. 1st is the one that confirms 1-2, there we can take the break of AIMS box instead to be on the safe side, and then in the middle of a wave, to get more out of the wave, here we should take it as soon as the Fractal is confirmed. cheers

Entries on PC on Big Box or Small Box:
If Box is big, then we have PC ITB use any of the following entry technique: end on the 3rd candle that confirms the fratal, or enter using a BDC. If BDC created the PC, you have a great PC.
If Box is mall: take the fractal breakout instead.
In both cases the point is to keep Risk minimum.

[immy]

Gold H1