AIMS The HUNT Stage 1

[immy]

[Edit] Originally we took the Skype members through a Three Months Challenge during Jan-March 2016. Now we call this Stage 1 on Hunt.
If you've just joined, your task is to Embark on this 3 months challenge.
Below is the post as it was published at that time.

[This is your first step towards successful trading. This is Stage 1 of AIMS The Hunt Trading Course]
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We are going through a three month challenge in our Skype Room.
This exercise involves sticking to our system for this period of time and keeping a record so that we can monitor our performance.

The Goal of The 3 month challenge is to achieve at least 90% discipline. WE are NOT interested in how much money we make or lose.

We are not interested in how many pips/points we make or lose [for the purpose of Stage 1].
Our main objective [During Stage 1] is to achieve a disciplie score [DS] of 18/20 i.e. 90% success rate. And we ought not do more than 1 T20 per week. so we are looking to do around 5-10 batches of T20's. If you manage a full T20 within one week, you may be over trading.

Prime Objective of Stage 1
Trading is like any other business. You need to know how to run a business. If you want to run a successful trading business. This is your 3 months Course to work on your skills of running that business.

The prime skill we are working on is Discipline.


We use the mechanism of T20 to measure the achievement of our objective.

Before you think of leaving the system/challenge, I want you to understand the above. Some of us may have left the challenge or others may not even started it, because they lost focus or misunderstood the objective of this exercise.

It will be harder to remain disciplined and keep trading "error free" with a system that generates more signals than the system that generates lesser number of signals.

Tools that will help achieve this goal.

1. Journal Writing. Keep a detailed Journal about every trade you take. Make use of the PEERCED analyais.
2. Record your trades in your journal utilising the T20 principle. Evaluate the result of every trade from three dimensions. a. was the entry setup correct b. was the trade managed correctly and c. did you follow correct risk and money management rules.
3. Join a group of traders who are doing the same thing. A group working towards a common goal makes life easier and people find easier to remain in control and disciplined. Trading is a lonely game, being surrounded by like minded people really helps.
4. Create a myfxbook account and share it with your group so that your performance can be criticised. The next time you take a trade, you will be aware that you will look like a fool when others find out you broke your rules.


Join The 3 Month Challenge.

Note from Immy: Please let me know that you have joined and started your Stage 1 Three Month Challenge.I'll help you in the skype room.

[immy]

Week 7.
We are into Week 7 of the three month challenge.

We designed filter system based on Channel for low volatility periods and fortunately and unfortunately since the start of this year, DAX has been perhaps everything but low volatile. In fact, its been so volatile that we had to endure a lot of high patience sessions because it was moving too fast too far and we had restricted us to 10points, which filtered many signals, and 10 points limit was nothing as compared to the range of DAX.

but that does not bother us because our challenge is based on following the system and its signals as per our defined goals and objectives. Which we are doing. Our main objective is to achieve 18/20 DS ... that's it.

Once we prove to ourselves we can be disciplined under any market condition , we can then be more creative in the next 3 month challenge where we bring slightly higher level of trading activity and learn to trade a bit differently. There and then we will have the chance to modify our plans, let our plan fit our individual needs and make our goals and objective be more in tune with aspects such as personality and lifestyle. We can only do that if we record our performance properly during this 3 months period. Because improvements can only be made if you record performance.

[immy]

Stage 2 Has Started for those who were happy that they have achieved the goals of Stage 1. Have you ever challenged yourself to do something consistently for 3 months? Why not try it now...

Blog Post about Stage 2 .http://www.itradeaims.com/2016/04/going ... age-2.html

[naqviimran]

Oops. I was in too much haste. Probably, it was the excitement to get hold of the new system.

Immy - Since there is a lot to read on the Hunt strategy (New/Obsolete/Channel), can you please guide as to what is method all about and which indicators to use. For example, is the AIMS channel the latest on the Hunt strategy or do we stick with Hunt classic template? Please pardon me for my incompetence on this great strategy, but I am sure it will help the newbies to chart a right course in grasping this strategy well.

[immy]

Hi Imran

Thank you for message.

1. You're asking question in reply to a announcement. . You could ask a question in the Hunt section if you like.
2. The First Topic at the TOP of The Hunt Forum is

AIMS The Hunt - The Science of Fractal Geometry
Then it Says, AIMS The Hunt Stage 1 [Start Here]

If you read those you'll find there are links to a Trading Plan (THAT Plan is the Hunt Strategy) ... but you have to READ.

[immy]

Hi Imran

Ok, I'll give you two sample templates for Stage 1 - Which ever suits you the best will be your chosen path of the 3 months discipline challenge.
1. Take the Setup 1 Template, remove the AIMS Entry Alert from that template and add AIMS The Hunt - Seed and AIMS The Hunt - Cherry Indicator. Now Save the template as AIMS The Hunt.

otherwise
2. Take your Setup 1 template, Delete the Box, The AIMS Gator, and Entry Alert, now add AIMS Channel to it and AIMS The Hunt Entry Indicators. Save it as AIMS The Hunt.

If you're already familiar with Setup 1, then Option 1 will suit you. But if you have not yet learned how to trade The Setup then Option 2 will suit you better and we have learned through our last 12 months of practice that the second option is easier to trade specially for stage 1.

Now design your Trading Plan, as per the instructions in Trading Plan section above and Start y our challenge. Any problems or questions just reply to these topics here (no pms please)

Hope this helps.

cheers

ps: I'll see what's wrong with the channel indicator (channel is ONLY for DAX m1 btw) If you will be using the H1 option as suggested in the main Hunt Topic, then you won't need channel.