Grants Journal [Awarded Title: Guru of the Gurus]

[immy]

Once upon time there was a trader named Grant. He was nimble, he was objective and careful. He had good money management techniques and discipline as solid as a rock. He enjoyed great success because he was patient and disciplined. and then one day.....



he disappeared....

[Kyle]

He will be back Immy (hopefully). Otherwise he will miss us too much

I also believe his is quite like you in the fact that he enjoys helping others achieve consistency in AIMS trading.

[Dave]

It must be school holidays

[Grant]

Grant's Seed Flow Chart

Once upon time there was a trader named Grant. He was nimble, he was objective and careful. He had good money management techniques and discipline as solid as a rock. He enjoyed great success because he was patient and disciplined. and then one day.....



he disappeared....

After disappearing for quite a while it turns out that I am still alive and trading although if you were going on my journal entries then you could argue otherwise….

Immy has begged me to post some more in here…. (rofl) (rofl)

Before I do I want to share how I got to where I am now.

When I was last posting I had just switched over to trading DAX due to lack of movement on EU m1. Massive thanks go to Dave from down under ( ^:)^ ^:)^ ). If it wasn’t for him I would never have even looked at DAX and I would still probably be trading the crappy EU with its tiny range…

Any way DAX played very nicely until after my summer break. When I returned the days average range was a very healthy 250 ish pips. Great for our trend following system, but not so great because of the increased sizing of the AIMS boxes. Thus using the flow charts S1 and S2 were becoming more and more scarce.

So what to do?? ? ?

Well, it became obvious to me that I need a better way of entering the market with less risk.

The question was what….. ~x( ~x(

I am not a massive fan of counter trend trading so Fruits were never an option to me, although there are plenty of good traders making good pips using them. I still like the idea of trading the m5 trends using m1 for entries and exits.

Thus, Seeds (Inside Bars) were the answer. They are lowest risk entry you can trade on any time frame and not only that, because of this low, low risk they have the greatest potential R:R ratio.

It took me from returning in September to Christmas last year to work out which were the best ones to take and when I finally got there I had the biggest light bulb moment.

That revelation resulted in the flow chart I attach to this post.

Since January I have added a couple of other entry candles. These are AA fruits and dot candles. I use exactly the same rules as for the seed candles. So I have 3 potential entries into a trend as well as the tried and trusted S1 and S2.

So now i have several ways of entering an m5 trend on the m1 chart and over the past 6 months it has paid off very very nicely. (party)

As I said earlier in this post Immy has begged and begged me to resurrect this journal, so I will post my trades from Monday although I will be away from the last week of July til September when the kids are off school.

I hope what I post here will help some of you find your light bulb moment….

Have a great rest of the weekend
Grant

Ps A massive thanks also goes to the one and only TC ( ^:)^ ^:)^ ), who has kept me right with his indy coding and general Cness during this last year….

[wiseambitions]

Great article there Grant

I am finding that when I have patience and discipline without greed one of the things which benefits me in S1/S2 trading is using the green line as the moving stop level, rather than giving trades all the breathing space to the opposite fractal level.
And seeing as this involves accepting a greater number of losing trades I then have to get out of the mindset of adding up the winnings all the time, and just to keep taking the signals, obviously the fractal breaks. Then if a trade does rise nicely in my direction, I will consider taking say 25 pips off the table with gratitude rather than letting them leak back down to nothing. The average starting SL on m1 Dax is about 12 pips, and within 3 or 4 bars this is often reduced if the GL goes the intended direction, and therefore the average loss is (or should be) around 6 pips. And the average profit is about 15, meaning usual payoff for a fair smattering of wins is about 6 to 8 and I consider that quite acceptable. The one about seeds is handy, because this indicates a sleepy gator and often the chance to straddle POs each side of the fractals, and in m1 terms I'm happy to take trade if the AO is usually no more than 6. (The AO value appears in the TL of the window and tells us roughly how far we are from the 34MA in the timeframe of m1)
Cheers

[Tomi]

Excellent! Thanks for sharing ideas. Flow chart looked good. Please share charts as many as you like. Many of us would like to see those and get the light bulb moments also.

[azadar]

Its extremely helpful and inspirational for me to hear from successful aimsters. We all have different interpretations of the market so its great to have another perspective and compare it to how I saw it at the time. I think its one of the best ways to learn. A big thank you for updating your journal again !

Looking forward to reading your posts

[mea]

Great job Grant

Question:
which value does the red dotted line have and which value does the green dotted line have?

thanks

evening,


1. Seed prints on the current TF.
2. HTF alli open in the direction of the trade
3. current TF alli open in the direction of the trade
4. AO is the correct side of 0 line and has pulled back after the highest peak since the cross.

The pics attached show these 4 rules in action. I have reproduced the HTF alli on the chart using dotted lines to save me having to post 2 charts for each example (the red dotted line is the normal purple line from the indy we use).


ps if that doesn't answer your question then please post it here and i'll answer it...

[Kyle]

One question about that chart, Grant.

It is a fantastic trade, with quite high R:R on it. When you trade this strategy, do you also place Add In orders on the break of each AIMs level, or do you enter on fruit and leave it to that entry?

[Grant]

Great job Grant

Question:
which value does the red dotted line have and which value does the green dotted line have?

thanks

evening,


1. Seed prints on the current TF.
2. HTF alli open in the direction of the trade
3. current TF alli open in the direction of the trade
4. AO is the correct side of 0 line and has pulled back after the highest peak since the cross.

The pics attached show these 4 rules in action. I have reproduced the HTF alli on the chart using dotted lines to save me having to post 2 charts for each example (the red dotted line is the normal purple line from the indy we use).


ps if that doesn't answer your question then please post it here and i'll answer it...

HI Mea,

Its a while ago but i think they were :

Green line: Smoothed 25MA, shifted 15
Red line: Smoothed 40MA, shifted 25

hope this helps
Grant