this is the classic pullback entry on the m1... its what I now call Waltz Pattern ... when you see 2 or more trend candles and then there is this pause candle 1 or 2 pause candles = a setup 1 of the 10x lower time frame... 3-4 is Lobot entry method and 5 and more creates a hunt setup... hunt is mostly setup 1 of 5xLTF...
I'm sure you know this , but i love talking about this fractal geometry
cherrs Dave... love the stepping down box entry....
Dave from Sydney's Journal [Awarded Title: the Box-Trader]
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immy
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
Thanks Immy,
I might say that I know this, but really it's deep down there somewhere and it needs to be brought out and reinforced again after much time away.
I watched this video today and it was great. It reminded me the difference between a pullback and a correction, and to always look for just a one or two or not many more candle pullback, or a Prince Elizabeth with just a single bar change. Otherwise momemtum and direction is not clear and we have to let it go.
I'm putting it here to remind me.
"The NEW Pullback Method: In-Depth Tutorial about The How and Why
We know that The Setup One Strategy is tried and tested. It's the best method (IMHO)
We love it because it gives us a 70% win rate and happens to be the pattern that can be considered as the hidden structure of the market. It is actually the pattern of growth.
Whenever you chart a pattern of performance or growth you will see phases of fast growth followed by a period of stagnation. It happens all over in nature.
The Setup One Evolved into What we now call AIMS The Hunt Strategy.
And now in 2020, I have now started trading a further advanced version of the Hunt Method.
In this video, I will use current prices, today's market action 26 of Aug 2020, and go deep. I will share Why we arrived at this method, what are the reasons and logic behind it, and how to do it, CORRECTLY.
WARNING: DO NOT CHANGE ANYTHING
WATCH this video with pen and paper handy. Spare an hour at least. You might have to watch it again to fully understand it. But it really is a very simple concept.
"
I might say that I know this, but really it's deep down there somewhere and it needs to be brought out and reinforced again after much time away.
I watched this video today and it was great. It reminded me the difference between a pullback and a correction, and to always look for just a one or two or not many more candle pullback, or a Prince Elizabeth with just a single bar change. Otherwise momemtum and direction is not clear and we have to let it go.
I'm putting it here to remind me.
"The NEW Pullback Method: In-Depth Tutorial about The How and Why
We know that The Setup One Strategy is tried and tested. It's the best method (IMHO)
We love it because it gives us a 70% win rate and happens to be the pattern that can be considered as the hidden structure of the market. It is actually the pattern of growth.
Whenever you chart a pattern of performance or growth you will see phases of fast growth followed by a period of stagnation. It happens all over in nature.
The Setup One Evolved into What we now call AIMS The Hunt Strategy.
And now in 2020, I have now started trading a further advanced version of the Hunt Method.
In this video, I will use current prices, today's market action 26 of Aug 2020, and go deep. I will share Why we arrived at this method, what are the reasons and logic behind it, and how to do it, CORRECTLY.
WARNING: DO NOT CHANGE ANYTHING
WATCH this video with pen and paper handy. Spare an hour at least. You might have to watch it again to fully understand it. But it really is a very simple concept.
"
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
Enjoyed the session (with training wheels on!)
It all speaks to one thing - wait until your HTF, in this case M1, breaks out, shows clear momentum and clear direction and obvious impulse. And then grab a small pullback on S12. Stop looking when momentum is lost (signalled by a colour change on the M1 AIMSwave or divergence on the S12 AIMSwave).... fun!
I welcome anyone's thoughts on this.
My Setup1 was poorly managed and that should have been a BE. Nonetheless....
It all speaks to one thing - wait until your HTF, in this case M1, breaks out, shows clear momentum and clear direction and obvious impulse. And then grab a small pullback on S12. Stop looking when momentum is lost (signalled by a colour change on the M1 AIMSwave or divergence on the S12 AIMSwave).... fun!
I welcome anyone's thoughts on this.
My Setup1 was poorly managed and that should have been a BE. Nonetheless....
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
Good evening,
Getting my eye in for these patterns again is taking time. It will take practice.
Excuse the shitty photo on the first trade but my MT4 had frozen and the restart also restarted my S12 custom chart. A good Waltz entry, and some nice two candle pullbacks marked. The rest of the session was a bit shit though as I tried to catch a two candle pullback and didn't do so with much success. For the trades around 10:50, as Immy says, "When M1 is pulling back, you have no business taking a pullback entry on S12". The better entry was the one that followed, break of AIMS level which was a two candle pullback on M1. Then the add-on which was meant to be a two candle pullback but it was more of a four candle pause. Anyway, that little two trade campaign was slightly better than BE. All a bit messy for now! I think most of the entries are too late. Work to do!
Cya
Getting my eye in for these patterns again is taking time. It will take practice.
Excuse the shitty photo on the first trade but my MT4 had frozen and the restart also restarted my S12 custom chart. A good Waltz entry, and some nice two candle pullbacks marked. The rest of the session was a bit shit though as I tried to catch a two candle pullback and didn't do so with much success. For the trades around 10:50, as Immy says, "When M1 is pulling back, you have no business taking a pullback entry on S12". The better entry was the one that followed, break of AIMS level which was a two candle pullback on M1. Then the add-on which was meant to be a two candle pullback but it was more of a four candle pause. Anyway, that little two trade campaign was slightly better than BE. All a bit messy for now! I think most of the entries are too late. Work to do!
Cya
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
I’m wondering - is the pullback to the gator and then a rejection/confirmation candle more important than the exact candle pattern itself??? Or even a market order on the touch of gator???
For example, when the HTF breaks out and is clearly on the go, and AIMSwave momentum is maintained on both HTF and LTF, is the pullback on LTF to the gator and early in the sequence the trigger? Take S12 when S12 comes back to gator or take M1 when M1 comes back to gator. Or am I overthinking (or underthinking) all of this? Haha
For example, when the HTF breaks out and is clearly on the go, and AIMSwave momentum is maintained on both HTF and LTF, is the pullback on LTF to the gator and early in the sequence the trigger? Take S12 when S12 comes back to gator or take M1 when M1 comes back to gator. Or am I overthinking (or underthinking) all of this? Haha
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immy
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
You are Trading WITHOUT Confirming the MOST important Thing a Day Trader NEEDS to Look at...
VOLATILITY....
When there are LEVELS to the left... usually there is no volatility ... its within range because there is no volatility .... its within r ange and not trending because there is not much happening and because of that THERE ARE LOADS OF LEVELS TO THE LEFT....
Trade only when there are NO LEVELS TO THE LEFT... VIDEO IS COMING SOON
VOLATILITY....
When there are LEVELS to the left... usually there is no volatility ... its within range because there is no volatility .... its within r ange and not trending because there is not much happening and because of that THERE ARE LOADS OF LEVELS TO THE LEFT....
Trade only when there are NO LEVELS TO THE LEFT... VIDEO IS COMING SOON
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immy
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
Wow! I'm humbled. And glad I wrote a detailed question that could make me YouTube famous! ha
Really appreciate the attention and effort you've put into this, Immy. My takeaways are:
Record/mark key levels;
- FO and LO,
- pre-market (FO hour) high & low,
- overnight (out of hours) high & low,
- yesterday/session highs & lows, notable and obvious swing points.
Don't trade into these levels or if doing so be aware of target points and space, ideally wait for price to clear potential levels of reversal. LOOK LEFT.
The market needs to be trending, showing clear direction;
- alternating candles indicate range bound, as do wicks,
- consecutive candles show direction,
- price moving away from gator shows impulse,
- AIMSwave peaks and troughs show momentum,
- and of course candle size shows volume!
Thank you!
Really appreciate the attention and effort you've put into this, Immy. My takeaways are:
Record/mark key levels;
- FO and LO,
- pre-market (FO hour) high & low,
- overnight (out of hours) high & low,
- yesterday/session highs & lows, notable and obvious swing points.
Don't trade into these levels or if doing so be aware of target points and space, ideally wait for price to clear potential levels of reversal. LOOK LEFT.
The market needs to be trending, showing clear direction;
- alternating candles indicate range bound, as do wicks,
- consecutive candles show direction,
- price moving away from gator shows impulse,
- AIMSwave peaks and troughs show momentum,
- and of course candle size shows volume!
Thank you!
Last edited by Dave on 12 Oct 2020, 09:45, edited 1 time in total.
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Dave
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
Dave wrote: 09 Oct 2020, 09:45 I’m wondering - is the pullback to the gator and then a rejection/confirmation candle more important than the exact candle pattern itself??? Or even a market order on the touch of gator???
For example, when the HTF breaks out and is clearly on the go, and AIMSwave momentum is maintained on both HTF and LTF, is the pullback on LTF to the gator and early in the sequence the trigger? Take S12 when S12 comes back to gator or take M1 when M1 comes back to gator. Or am I overthinking (or underthinking) all of this? Haha
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immy
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Re: Dave from Sydney's Journal [Awarded Title: the Box-Trader]
Perfect...Dave wrote: 10 Oct 2020, 00:25 Wow! I'm humbled. And glad I wrote a detailed question that could make me YouTube famous! ha
Really appreciate the attention and effort you've put into this, Immy. My takeaways are:
Record/mark key levels;
- FO and LO,
- pre-market (FO hour) high & low,
- overnight (out of hours) high & low,
- yesterday/session highs & lows, notable and obvious swing points.
Don't trade into these levels or if doing so be aware of parget points and space, ideally wait for price to clear potential levels of reversal. LOOK LEFT.
The market needs to be trending, showing clear direction;
- alternating candles indicate range bound, as do wicks,
- consecutive candles show direction,
- price moving away from gator shows impulse,
- AIMSwave peaks and troughs show momentum,
- and of course candle size shows volume!
Thank you!
Thanks for summarising it... I may use this and add it to the page for that video..
cheers