Johnny G Journal

[The_Snowman]

Hello everyone,

Today marks the day I join the AIMS chat room, looking forward to that as I need plenty of help. I have been on and off this forum since June 2011 that I know of, but just never got it together with the method. I do feel that it will work so the problem must be me! Honestly, I have not used Skype for 4 years, so I have different name there; didn't even know if it was on my laptop, it was, and also I will run it on the iPad for ease of use.

I will post some trades from today but I won't include them as the 20 batch until I know more about the correct entries and setups - of which I will have some questions.

For a start, is there any notice taken of what the daily chart, speaking of the DAX here, is doing? I guess what I'm asking is there any consideration given to the longer term trends? Obviously, with stocks, the bias should be to the upside for anyone trading stocks, so it would help us to know when the bull run is over and a bear cycle is in progress.

Another question, my broker Axitrader Australia, trades DAX as a CFD but I see other trade as points or pips (?) as low as 0.10 - any advantage to either?

Anyway, here is my first feeble attempt at a trade, market was moving up, entered on a retracement, or so I thought. Looking at it now, taking the top sell signal is the trade to be in, the low of the day is still the blue line at bottom. That blue line is part of a box to highlight the 2 hours of Skype room for London session.

Probably lots of things wrong there with this trade, so fire away...

[The_Snowman]

Re, my comments about knowing where the DAX might be heading, this guy does pretty good analysis of most markets, Aussies probably heard of him.

http://tradingdiary.incrediblecharts.co ... _diary.php

[zlabis]

Hello John,
it's great that you've found a way to start a journal. In my and many other trader's opinion, one of the most important steps towards becoming a successful, disciplined and consistant trader.

Two small things according to what you've stated (but it's just my personal opinion ;-) ):

1. I'm pretty sure, that the 20 Trades Principle is extremely powerul and useful, even if one is very new to AIMS (or any other startegy which has a proven edge). It can give you a good and sober judgement about trading-progress espacially because there is the opportunity to score the discipline.

2. IMHO, if we trade very short timeframes, like M1 or M5, long-term analysis don't help us very much. You can proof this by yourself: take a D1 chart which shows a clear trend, then take an M1 chart of the same instrument of the same point of time. If you compare both with each other, you will hardly find any coincidences. It is even possible and probable, that you will even find strong, impulsive moves on M1 against direction of D1 trend. We are quite sure, that market moves in waves inside waves inside waves... Every move of higher timeframes are subdiveded into smaller up- and down-moves of lower timeframes.
So, if we bother too much with analysis beside our setups we burden ourselfs with useless knowledge what makes finding decissions much harder and more complicated.

Wish you many Pips and a strong commitment to AIMS strategy ;-)

Cheers

Michael

[The_Snowman]

Hello Michael,

Thanks for your reply, I will take the advice about 20 trades under consideration, my concern is that I'm not fully understand the way things fit together, eg. Waves, Fruit signal, trend or counter-trend, especially for this 1 minutes charts (I am used to longer time frames)

And the advice for looking at long term charts, I'm not so sure I made my point clear. Basically, I'm just saying, be aware of what is happening in the overall picture; same as we should know overall what is happening fundamentally with the financial markets. Perhaps, yes, 1 minute chart can be traded strictly mathematically, without any knowledge as to why any moves are happening but that's not logical to me.

Take yesterday and the day before for example. The day before was very strong up day, and while watching yesterday, I saw that price could not break above that high, so my best trade was actually a short - based on the knowledge there was no continuation move happening.

Another example, I need to show you 2 charts, first the Daily of DAX, as we know it is in nice uptrend for some time. If at the time of February 25 you traded that day and price didn't move much, you look at the end of day, daily chart and notice:

1) Clear uptrend
2) It is a SEED day
3) It is small range day
4) There was previous SEED day and price moved to upside

Is this useless knowledge as you say? Is it too much trouble to check a daily chart?

So, how could you plan better to trade on the 26th? Yes, Fruit is Trend & Counter-Trend so be ready for anything, but for me, maybe just a little bias for upside trades. Most times, when markets have made their high, they have a topping or blowoff move, not small range, indecision days.

As you see the 5 min chart for 26th shows upside, probably can get some 1 minute shorts in there but for me, if any mistake in entry / exit, I will lose surely, but long trades are more forgiving.

Anyway, each has their own opinion, and trade accordingly. Wishing you and all readers many pips also, John

[The_Snowman]

Just checking the Aussie SPI200 chart, does anyone actively trade this?

It was down all day, have to go to 1 minute to get any signals

Thanks, John

[zlabis]

Anyway, each has their own opinion, and trade accordingly. Wishing you and all readers many pips also, John

True, John. Every trader has her/his own, individual approach according to temper, character, technical and mental skills, physical condition, availeable time to trade, financial background, experiences, expectations, goals, dreams, ...

Just wanted to point out the possible simplicity of AIMS strategies, espacially Fruit :-bd

Cheers
Michael

[The_Snowman]

Wow !!! Is this the best ever Fruit on a Daily chart ever?

I'm going to be patient and watch for these in the long term

Comments welcomed

[The_Snowman]

Took this long EUR-JPY after seeing the Daily Seed, on the break of the previous day of that HIGH

R:R 1 to 3 - bingo

Looking at most daily charts, I feel like all moves have started and missed them

Are there any dedicated traders of day charts or a special thread I may have missed to follow signals I may have missed or to post my own for otheres?

Thanks, John

[immy]

http://www.itradeaims.net/forum/viewtop ... =43&t=1176

[The_Snowman]

Thanks for that Immy, I'll watch that and / or post any signals I may find

Anyone with Axitrader? See the chart below (angry)