Immy's Corner [The Setup The Hunt - T20's and more]

[leoneill]

You mean like this...
I had this one. My first ´live´ trade. Thank you Immy!

AWESOME! \m/ \m/ ^:)^

Your entry was a damn good PC entry as well. Thats where I should have hopped back in! Never mind NEXT..
But you nailed it properly! Well done!

Well just doing what the master said.
I was in at the first break of Aims too. But that one got the SL hit on the pullback. Your Mrs. did the same, but I guess I had my SL to close.

Grz Eric

[immy]

You mean like this...
I had this one. My first ´live´ trade. Thank you Immy!

AWESOME! \m/ \m/ ^:)^

Your entry was a damn good PC entry as well. Thats where I should have hopped back in! Never mind NEXT..
But you nailed it properly! Well done!

Well just doing what the master said.
I was in at the first break of Aims too. But that one got the SL hit on the pullback. Your Mrs. did the same, but I guess I had my SL to close.

Grz Eric

You did the right thing. I don't know why, but I was supposed to get back in as well. Perhaps I "let myself get disappointed" at the to the pip getting tagged. Trading requires a calm and focused mind. And its very addictive! haha

[mirgi]

Hi all,

I am beginner Forex trader and my English is bad )

Immy how are you trade this time between red line? Have you hard SL or you stop trade after opossite black dot?

I would like made my own journal at your forum but my English is very bad.

[immy]

jak se máte!

žádný problém! Chápu, slovenském nebo česky .. nie! ale jen málo

Glad you posted and hope language barrier will not stop you from starting a journal. Give it a shot. In forex there is not much talk. just mark your charts and say something plain and simple.
So, you want to ask how would I traded between the area marked with red vertical lines. In other word when the market was not moving, or was doing a 4th wave. Its simple. I see two setups between those lines, the trend is confirmed as you can see by the red shaded area. The red shaded area means, purple is detached from the gator lines and so the tren on 5x tiem frame is confirmed down. so you'd be looking at shorts only. So first setup is 12.51 red dot. Thats where I see a fresh cross on AO and gator is sleeping. that would have been close for no profit when it broke the high of AIMS box and there was a black dot. then, you have marked the chart with two arrows to the right, the second arrow is the trade that I would have taken 100%. my friend Adem took it and he made some very good profits there.

I hope this helps. Feel free to fire any questions.

[immy]

The morning started with a nice blast but a very risky traded stuck between two red news right at London Open and 30 min later. It played out nicely this time, but its risky. gotta play it safe.
Do you see that pefect 1-2 combination at the top there? 1 down, 2 zigzag principle C. and then a dot. fantastic. it just boosts your confidence as and when you're able to spot it. I'll be honest, I spotted it, Consciously after when I was midway in the trade, could it be that my subconscious saw it and boosted my confidence without my conscious part knowing the "cause" but feeling only the Effect?

[immy]

People and some friends around now know that I trade for a living. I keep a low profile. so they come to me and ask ? So what do you think about the euros, are they going to go down or up? and you know what I say? I have no fucking clue mate.... haha... because I dont!

[immy]

How to filter some trades. There is a time to trade and there is a time NOT to! its important to know and establish some objective criteria. There will always be subjectivity involved but beginners cannot afford to trade subjectively at all otherwise they will never develop the confidence and so they will never develop self trust so they will never have fun and so missing the above they will never enter the zone and if they never experience the zone they will never get out of the Mechanical state of trading into the Virtuoso and master trader zone. This jump towards more intuitive levels of trading is never done by a conscious decision but where we can make such a decision is to say, ok "the next 20 trades are going to be according to a strict regine. like Grants technique, or following the flow chart to the letter for at least 20 trades". and see how you go. then give another 20 trades and carry on. Before you know it, the market will start telling you things that you did not know before. You may start seeing patterns that you did not see before and before you know it you'll be trading more intuitively too, still following rules but there will be times when you'll experience the intuitive nudge and you'll just go for it without knowing how you know it but you just know it. Its all a big fat fun but it cannot be achieve without putting yourself to it. You have to work hard during the mechancal stage. The mechanical stage requires your conscious brain to be fully engaged and focused. Once you are able to do this for a period of few months thsi skill will be fully learnt and its control will be transferred to the powerful right brain and then you start trading like you drive in the car and sometime you don't know how you passed all those streets and roads without even knowing it. because your subconscious was running the car while you drifted to past or future in your mind!

oopsie! I write a lot... must stop now.

[Darren]

I have been a bit more disciplined today and so far have had a successful morning. See charts below:

[immy]

Well Done Darren.

My second trade of the day. and the last one probably.

[immy]

Just Recording:
If it costs you around £50 on average just to find out which way its going than you need to at least be averaging around £100-£150 and above to really enjoy some profits.