Marc`s Journal

[morpheusus81]

Hi,

my Name is Marc and i´m from Germany
Just joined itradeaims yesterday and looking forward to be a part of this great community

I´ve been involved in trading since 3 Years now, but didn`t had any great success till yet.
But i´m realy happy that now i can learn from all of you

i will be back when i have my first trade ready

see you !!

[morpheusus81]

reserved space for later

[immy]

Hi Marc

Welcome to AIMS. fortunately you have good 3 weeks ahead of you. Time to read the stuff, watch videos and create a solid trading plan that will be your guide for the next year.

Cheers

[morpheusus81]

Thank you Immy,

i´m really excited about to read the ebooks during christmas holidays
Will build a solid foundation and then start my first trades.

Will be back with the first results

Marc

[immy]

Thank you Immy,

i´m really excited about to read the ebooks during christmas holidays
Will build a solid foundation and then start my first trades.

Will be back with the first results

Marc

I'm not interested in your results or trades for now. I'd like to see if you have a nice solid trading plan in place. And then commit to a T20 of Setup 1 trades. On time frames that best suits you. Try EVERYTHING in the first 3 months. Profitability is a byproduct of trading correctly. We must first learn to trade correctly.

cheers

[morpheusus81]

Hi immy,

here is my trading plan for Stage 1. Will be updated in the future )

Marc`s Trading Plan Stage 1.pdf

cheers
Marc

[morpheusus81]

Batch 1 – Trade 1
Date: 26/12/2018
Pair: EURUSD
TF: M1
Signal Type: S1 BUY

Check list Setup S1

Sleeping Alligator: yes
Red or Blue Dot: yes
Tight AIMS Box: yes
Purple Line correct: yes
AO close to ZL: yes

Comments and Feelings at the Time of Taking The Trade: Had a good feeling that after placing my order after the last blue dot appears.
Price moved then a little bit sideways but when the green dot appears, i was confident that my order would be filled.

Order placed:

EURUSD.mM1_Order_placed.png

Order filled:

EURUSD.M1_Order_filled.png

Order closed:

EURUSD.mM1_Order_closed.png

Comments and Trades After Exiting the Trade: The price was not moving much. It touched my order an filled it. But then it goes against me, so i closed it when it crosses the red line.

DS: 0
DS Running Total: 0 / 1 (0% )

[immy]

Hi

Great job on starting your journal. EUR/USD and currencies as a whole don't have sufficient volatility to warrant trading the m1 chart.
The lowest time frame in normal hours is m5 now.

As you can see in the picture you posted, (on a boxing day hehe) the spread has taken half of the range of the wave. That itself is an indication that this is risky chart. if the potential of a chart is 10 pip wave and your spread and buffer takes 4 pips, you're left with a very narrow margin. The chart and time frame you trade should offer a much larger "proportion" of waves range to the spread "ratio". It would be ok on m5 or m15.
Hence , if you're working part time, and can only trade for a couple of hours, the idea way would be to chose the m15/h1 option. 4 pairs would give you plenty. Set and forget trades. IF you really do want to ttade the m1 time frame for the sake of it, then if possible then trade the indices either Dow jones / Wallstreet 30, or DAX30, if available.

The M1 chart is used only for markets that has sufficient volatility. I trade currencies on m1, only when volatility is High. One easy way to know those times is trading just after Major news. Post News Setup 1's.

Hope this helps

ps: please let us know where are you from and what are your trading hours. that would help in choosing what markets might be best for you

[morpheusus81]

Hi Immy,

thank you for the explanation, makes sense. I would be happy if you find some good markets and time frames who fit for me )

I´m from Germany. On normal days i can only trade between 17.00 - 22.00 (GMT).

Perhaps it`s better like you said to move to a slower time frame.

thanks
Marc

[immy]

Hi Immy,

thank you for the explanation, makes sense. I would be happy if you find some good markets and time frames who fit for me )

I´m from Germany. On normal days i can only trade between 17.00 - 22.00 (GMT).

Perhaps it`s better like you said to move to a slower time frame.

thanks
Marc

from Germany and can only trade when "markets have closed"

that's interesting. You might still be able to find some nice moves on DAX30 or DJI30/DowJones30/Wallstreet (its known by many names).

these days Dow is VERY hot, so probably stay away from it. Dax is doing very well. In europe nearly ALL brokers have Dax30 available. and its YOUR german index, it will feel alot better trading it, I'm sure. I love Dax.

Hope this helps.