Dave from Sydney's Journal [Awarded Title: the Box-Trader]

[Dave]

Two attempts at getting into the resumption of the significant upward move, without success. I'd missed all of the early action. No worries, cya tomorrow
T1: My first pullback setup, -1R
T2: S1, BE

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[Dave]

Tuesday's trades. The DAX didn't really get its skates on around open time and so once range bound I stayed out. The short push up got me interested again but no follow through. So BE & -1R for the session. Happy to have sat and watched and waited..... experience points (Tomi?)

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[Dave]

Wednesday, an attempt at a range breakout at the open and then a first pullback to stepping AIMS level setup on resumption of the upward trend, survived by 0.1 pips. Gave it a chance to run but trailed when it stalled. Nice little session for -1R and +2.1R, DS 1 & 1

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[Dave]

Particularly busy time at work at the moment so missing LO. Last weeks results were the sum of the trades posted, -1R, BE, BE, -1R, -1R, +2.1R = -0.9R.
I'm hoping for a chance later in the week and maybe some time next week before a break!

[Dave]

Hi everyone,

Well, after almost four years, I'm back.

There's a lot of introspective reflection to be had. Why I left and why I'm back. But in the meantime I'm looking forward to restarting my journey and thank you Immy for welcoming a stray sheep back into the flock.

I'm revisiting my Trading Plan ("a goal without a plan is just a wish") and will restart the T20 discipline focus.

I'm excited to get to know the new AIMSters and to contribute to our shared success.

One considerable change since I was here last is the move to S12/M1, but this suits me - my personality is active and faster charts fit my want to watch and analyse. As Bill Williams says, "Be yourself", and I interpret this as having a trading plan and mechanisms that suit your personality and not forcing a system that isn't "you". 4hr or Daily charts would do my head in....

To kick things off I've dragged some nice pictures from trades of past. I love seeing patterns and the more you see The Setup, the more you burn it into your brain, the more readily you can recognise The Setup in real time and in 3 seconds. When I first came to AIMS I had a book, one chart printed per page and a full page image, and I'd add to it and add to it and on late night shifts at 2am I'd pull out the book and flick through the pages of charts and setups.

Dave

[Dave]

Shaking off the cobwebs with some demo work.

T1: -12.5 pips (with slippage on both entry and exit), -1.2R, DS 1
T2: +30.5 pips, +3.6R, DS 1

"Daily target" achieved and so turning off until tomorrow

[Dave]

Good evening,

Three trades today. Two good entries and one poor entry.

T3: -2 pips, -0.2R, DS 1
T4: -8.2 pips, -1R, DS 0 (M1 AIMSwave was showing a loss of momentum and divergence and I was lured in by the LO break and the previous rent. Poor entry)
T5: 20 pips, 2.5R, DS 1 (we used to call this "Double AIMS", is that still a thing? Entry on break of CTF and HTF)

Have a great weekend

[Dave]

I trade M1 but take my entries from S12

M1;
Purple correct
Alligator open
AIMSwave correct and without divergence
Stepping boxes (higher highs or lower lows)

S12;
Purple correct
Alligator sleeping
AIMSwave close to ZL/start of new wave
Stepping boxes (lower highs or higher lows)

[Dave]

Good evening,

I think it's just as important to highlight the trades we don't take as to highlight the trades we do.

LO moved a mile today with a 250 point drop. The one potential entry by my conditions came around 10:30, but I wasn't keen on a 20 point S12 stop loss/AIMS box too big (my internet dropped out momentarily and my EA reloaded and so I couldn't capture an S12 photo of this setup). I then passed on the 10:48 drop as M1's AIMSwave had diverged and was showing smaller peaks.

So after 250+ points I stepped away for the session without an entry. My decision to step away was based on not chasing a market that has already moved a loooong way. Maybe the 20 point SL at 10:30 was ok, but that's in hindsight and I'd prefer tight boxes for tight entries and maximum R:R.

Laters

[Dave]

Good evening,

A tough old start to LO with a meandering and flat at times AIMSwave. Tricky for the system as the market has direction but without impulse. The LO peak and then divergence meant no trades as price slowly drifted upwards. I was interested round 10:25 but S12 didn't quite setup with a too steep pullback. I use the horizontal lines on the M1 AIMSwave as quick visual divergence or higher peak references.

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T6: +15.2 pips, +2R, DS 1. Close to divergence but an equal downwave peak and otherwise good setup, open M1 alligator, stepping boxes. Exit on some mental trailing.

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