Pete

[Pete]

Hi I am in the process of setting up a journal which I hope will help me and maybe others if they have made similiar mistakes.

[Pete]

Chart one test
I think I've done it.
This was one of my entries would anyone else have taken it or is it just too far from the AO

[immy]

Chart one test
I think I've done it.
This was one of my entries would anyone else have taken it or is it just too far from the AO

oh Pete, if only people did this, I'd spend the whole day replying to them. I love doing this.

your entry is a bit late. Think about a concept "Birth of Wave" or "Birth of AO". Its born at the cross of Zero Line. e.g. when you entered there was nothing wrong with the entry, the only problem is, it is a late add on entry. AO had already peak and was ready for divergence, and that's what it did. But there will be times when the new peak will turn into a bigger peak and you will enjoy it. Nothing wrong with taking any setup as long as you keep taking them and dont get scared when you have a loser or two. I urge you to Understand this concept of AO crossing zero line and break of AIMS. I stressed on it too much in the ebook hoping people will understand. The Essence of trading this strategy successfully is to time your entries with cross of AO and break of AIMS. You promise me that and I Promise you unlimited number of pips. Fact.

[Pete]

Thanks Immy I knew you were going to say that I don't know why I took the trade really I suppose it was just a hopeing one. Still we learn by our mistakes and that was one of mine.
Thanks again

[Pete]

Anyway this was a good trade but as you can see I just set it up on the VE and hence only 20 pips. It went soo far I think I could have retired on the pips that it went to.

[immy]

Anyway this was a good trade but as you can see I just set it up on the VE and hence only 20 pips. It went soo far I think I could have retired on the pips that it went to.

Again thank you for uploading this chart. I guess we all did a muck up this Friday. I got 32 out of it, some got 0 and others 20. We all trade our beleive system and we all thought it was late and it was out of steam and that crap. Had we waited for the market to guide us we would have finished the day with a HUGE profit. This day started with a bit of a gloomy period but I was sure that we will get better. and we were give a huge opportunity to take big profits. But its gone and it does not matter. Lesson to be learned is TRADE WHAT YOU SEE, NOT WHAT YOU THINK

[immy]

Moreover, The purpose of VE is to quickly set Stop Loss and Take Profit Points in case it goes mental. Just click on the lines and drag away to your desired locations. But hey, 20pips is a very good pippage. 1:1 definitely. So congratulations Pete.

[Pete]

Another day another dollar still down today but I think its sinking in what I should be doing.

test1638.gif

I got in and then had to get out, still hey ho

[Pete]

A little better on these two though. I'm tending to follow too close with my SL after we have moved a tad.

[immy]

Today was really a thin day. Really small gains were possible. Still an over all positive day if you followed the correct setups. and from what I see above the two yellow lines are correct setups. I took them as well.