Flugzeug's Journal

[flugzeug]

Hello All,

I will be taking Immy's wise advise and starting a journal. I feel it would be a self reflection exercise, and more importantly a journey of learning and discovery. Hopefully at some stage this will correlate into a real account and profits! I will be trading the one hour set ups. I would be grateful if you could provide me with any advice etc.

The first chart is the EURUSD from today. I feel this may be a short entry:

1) Red Dot, candle has not broken the aims level
2) Trading away from purple line
3) AO near zero

I also see a very similar picture of cable, so I have also attached the chart. Hence I place a pending order below the most recent aims level and a stop at the opposite side. Any thoughts?

I wish you all a relaxing weekend.

[flugzeug]

Immy,

What do you think about these set ups? I was planning to take them on Monday with perhaps a micro account, rather a demo acccount to start ensure a more realistic expereince. What do you think?

[immy]

Hi Anil

Firstly please display the AIMS Levels on your charts correctly or otherwise I'm not going to talk.

AIMS Levels is my Dimension. Its my baby! Just in case you dont know the setings for AIMS Levels indicator please put this number 103,118,133 in the colour under Colour and change width to 5. It will then show as a shaded area. Just like I like it!

Before everything else, The last two weeks on December my not be a good time for anything above 5.

H1 GU is not my cup of tea kind of Setup. Which means its not a Setup yet but may form in to a Setup if it keeps sideways during Asian session. So we'll see First thin just before Frankfurt Open.

EURUSD is a Setup to the south side but H4 shows that we may be going into the 4th. Its going to be an attempt at trading after a 3rd wave. We gotta be careful here. If H4 forms an AIMS Level somewhere below the gren line at least, taking that and timing it with an H1 setup would a good idea. for now. trading h1 would be inside aims levels on h4 with AO busy coming back to zero line. If you take it keep your stops tight

I hope it makes sense.


more analysis on the charts

[flugzeug]

Imran,

I had no idea about the numbers for the aims levels. Thank you for showing me. I promise I will change them....please do talk to me

So Imran with regards to the EURO, the one hour lower aims is within the 4hour aims. Is it a higher probability trade if the 4hr and one hour are closer together?

I will look at my charts over the weekend. Thanks again.

[immy]

Anil

If you look at h4 chart it has completed a strong move. and then gone sideways, its time for trading but not just yet. and with the Christmas holidays looming it may continue a proper h4 fourth wave. Although time wise we may see a trade on h1. for now H1 aims levels are too tall. If h4 creates a fresh aims level and h1 is within tight aims levels and entry could be timed with a shared i.e double aims would be super...

cheers

[flugzeug]

NZD 4 hour chart. Alligator sleeping, purple line correct, AO close to zero. I took this trade as a live trade with a micolot. I set the SL on the opposite side of AIMs. I will keep you posted as to how this gets along. Please let me know if you can offer any advice.