
I have been trading around since 2011 and can only trade Daily Charts most of the time.
Over last Two years been In Profit averaging only around 20 to 50 % increase per year and looking to become a better trader.
most of the time I can only trade the Daily Time Frame because of work commitments, but I am looking to increase my account so I can trade lower time frames and only work part time in the future.
I have a lot to learn with AIMS and still reading Passionately and Promised myself to stick with it and master it. So any help and guidance would be warmly welcomed.
I had a day off today so decided to look at the charts in action on the 1m and 5m charts and took the trade as see below.
Any Constructive criticism is very welcome.
Reasons For Taking Trade.
1 Blue dot on 1m chart
2 Sleeping Alligator on both 1M & 5M charts
3 Price moving away from purple line on both 1M & 5m charts
4 Price broke out of AIMS level on 1M charts
5 AO not perfect but close on 1M chart
6 AO on 5M chart looks like there was a wave 3 sloped down into wave 4 and possible start of wave 5.
My stop was below AIMS Level on 1m chart and Take Profit 1st AIMS level on the 5m chart.
I realise that this was a tight trade only working with a four pips stop and TP I got away with it and added 1% to my accout.
This is my very first trade With AIMS so be gentle with me but any criticism is most welcome as I am very keen To Master
^:)^