Laurence's Journal

[laurence]

is this a proper setup which I took this morning?

[msk185]

Hi Laurence, I'm a newbie but looks a good setup to me, not sure if you took break of the 1 min or 5 min AIMS levels also what was your thinking behind your take profit target?

Mike

[laurence]

The break of upper AIMS level was of M1. Should it be this way? I'm not sure.

In the manual, it says to place PO 3 pips(1pip + 2pips spread) above upper AIMS level of M1, when going LONG, and place S/L 1 pip below lower AIMS level of M1.

my win-to-lose ratio was 1:1. Could have trailed but I was busy with other stuff when price hit T/P. lol

[msk185]

Hi, I think it all depends on your rules set, I've seen on here that when the 5 min level is close to the 1 min level then waiting for a break of the 5 min level is advisable, as I just found out to my cost, as price can hit the 5 min level and turnaround.

Well done on a successful trade

[Grant]

Laurence,

Looks like a perfect set up 1 trade, m5 aims was under your entry so well done, nice trading

now rinse and repeat

cheers

grant

[immy]

is this a proper setup which I took this morning?

You know Laurence, if you promise me that you'd stick to set-up like these, I can almost promise you a very lucrative trading career! Listen to Grant and Rinse and Repeat! thats all you have to do.... but Alas.... I really do hope so, but will you stick to this? will you start searching for that one more indicator that might make your trading far more easier? will you just add one more indicator to make you ever more successful? or will you even improve the system and then start trading something else?

Your Consistent Success Depends on Your answer to these questions


I'm not being funny, I'm pointing to a really hard fact! We, all of us, lack discipline and consistency. Its the lefty that look for problems and constantly suggests solutions. But the problem is not that there is a problem. The problem is that there is NO problem but the LEFTY presents it as a problem. and we end up mending that which was not broken in the first place!

Many pips to you and many many repeats of such trades to you, to me, to Grant and all of us!

cheers