Mr.Meatballs questions, trades & ideas

[evilmeatball]

Hello all i thought I'd start my own thread with my "stuff" in it. i would like everybody to please comment on the things i say, i know i am not the best at getting it down in writing but i will try

in this section i will post trades, some and not all.
i will post questions here about setups
i will also post general thoughts concerning AIMS and such.

lets have a good time and learn from each other

[evilmeatball]

here is one from today. what about this aud/usd, is the blue line inside the AIMS box and moreover does it matter?

on second glance at this chart i say to myself "perhaps i should have taken the break of the level there". but oh well.

please give feedback on this. today im doing laundry and learning by doing also.. one step at a time

[Nitin]

here is one from today. what about this aud/usd, is the blue line inside the AIMS box and moreover does it matter?

on second glance at this chart i say to myself "perhaps i should have taken the break of the level there". but oh well.

please give feedback on this. today im doing laundry and learning by doing also.. one step at a time

It is more seems like a setup 2, u can consider this blue line as inside the aims box according to me on setup 2 u can take such setups with little discretion. I would strongly suggest u to use aims default template of course u can change the colors sometimes we suffered paralysis by analysis, Simply trade according to the Aims rule and Indicators. Just my opinion

Regards

Nitin raj

[evilmeatball]

first and only trade i took today. been running up and down stairs and i missed one and didn't take another, the aud/usd up there that i was nsure of. as it turns out i missed two trades in the euro, also a one in usd/chf and the aud/usd also. i count total of 4 dogded trades for different reasons. the total outcome of dodged trades would keep me in profit.

below shows trade where i was uncertain about the sl rules as such i moved it to +1 a bit to early. i got stopped out at +1.

[evilmeatball]

today i noticed a few trades, i put them on and off for each their own reasons but this one is the most recent that i am now contemplating..

which part of my thinking is correct here?
a) wait for a new AIMS level, this is good because i would wait for structure in the market and then take advantage of this
b) put a short on the breakout of the recent low there where i drew the line, the bar did not break that on my screen. i just measured it.

also i must add i notice now that if i would have went with option b the addon would be at the next AIMS box as @ 1.2490 a fractal low + high was created, this is correct yes?

[evilmeatball]

update:

here are my current thought patterns

1) look for AIMS gator lines to be together, there is peace within the force. AIMS wave has to be orange as it is saying that there is peace.
2) at an alert event, look to go long/short following the force in which way it wants to go
3) no trades against the purple, unless it is breaking that also
4) addon on the next AIMS box created after the entry. only the first new AIMS box and nothing else.
5) trade times frankfurt to eu lunch time
6) overbought/sold and divergences make me tighten up stops


if anyone has a comment on this please comment
edit: spelling

[evilmeatball]

today we have holiday in sweden = i have been sleeping untill 10

i pulled some charts and thought to myself "ok, where would i go here and why?" and so i made a picture of something that i found.

this is the thought process:

1) green dot, i see a level to the right so place long +3 above level.
2) at entry SL placed under bar -3 pips, i realize that this particular trade is bigger then 15 pips SL as such i might just try to exit this at +2 i haven't decided yet. the problem is that i do not know beforehand how big the breaking candle will be and as such i cannot know if it is bigger then 15 pips.
3) at break of add on level another position is added with SL at the initial spot
4) the RSI closes real high and draws a thick red to display this, i would move my stop on all positions to +1
5) i let this live and be traded by my EA (i have automated SL that does things for me)

any comments are welcome

[nickderby]

Hi Alexander,
Wow, funky charts...tough to read for my poor eyesight though.
Firstly, the green dot bar pierced the aims box so ordinarily this trade entry would have been invalidated.
Secondly, I can't see your aims box for the add on...but I'll take your word for it.
Thirdly, MACD and RSI ? Really ?
Fourthly, it worked out so well done.

For many this entry was not valid ( as green dot candle pierced aims ) but clearly the price was tight and going to break out so the entry could have been placed before the green dot.
This on another occasion may lead to you chasing a trade which is a no no. But this time it worked out fine.

Best

Nick

[evilmeatball]

ah i didn't think about the green dot bar piercing the level, only to enter as the bar closed. thank you for this one

there is no aims box for the add on, its a fractal only. i think they are similar enough.

i use macd for something completely different, nothing to do with aims. and the rsi is only there to highlight the overbought/sold condition. shows me things fast and easy.

thank you for the input

[evilmeatball]

another example of a pink dot trade again:

1) pink dot = pending on recent AIMS level, stop 3 pips above candle that breaks
2) add on at the fractal, regardless if it creates another AIMS box or not
3) warning from my RSI oversold, stop was at +1 before this anyway because of my EA stop loss but now it was put at +13 pips.

also, i removed the macd because Nick commented and i thought to myself "well this is my idea but not part of AIMS really" so there