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

[immy]

but it has to setup first! :ymdaydream:

could it be that what we think is 3 up on Wave 3, turns in to a Wave 1, a bigger one for H1, and we catch a wave 3 up. or are we seeing 5th of 5th. elliott wave is not supporting us here!

[immy]

AU had such a great Setup on M5. u'd wish you got it.

[immy]

AU had such a great Setup on M5. u'd wish you got it.

[mirgi]

Hi all,

I have question, now at M5 EU and EJ is aligator open down, so when I will see setup One at M1 for down I will open PO? Ok?

[mirgi]

EU - M5 open aligator down, M1 aligator sleep - red dot i open PO at 1.30421 because AIMS box At M5 is close to M1 box. Is it maybe ok setup 1?

[Michal]

Immy

What entry should i do for long on m5 :
- 1 pip above box + spread
and stop lose 1 pip below aim box
and for short:
entry 1 pip below aim box and stop loss 1 pip above box? is that correct?
I do know about all the others requirments to enter is just that what's bother me
cheers

[immy]

Hi all,

I have question, now at M5 EU and EJ is aligator open down, so when I will see setup One at M1 for down I will open PO? Ok?

Sorry for delayed response, I think you might have already taken one down. I did not take any shorts, however your idea was correct. I am still not sure about what the market is doing. I looked at H1 EJ and its still tight and its still range bounce. Normally h1 does not affect m1 trading, but I look for good trades over 20-30 pipper trades and the probability of that happening within a 50 pip range is not high. So I'm staying on the side lines, until EJ breaks the highs, which seems more likely. There will be plenty setups once it starts moving.

[Tomi]

EU - M5 open aligator down, M1 aligator sleep - red dot i open PO at 1.30421 because AIMS box At M5 is close to M1 box. Is it maybe ok setup 1?

Hi Miroslav, if I may comment something. M1 alligator and AO looks ok, but for me entry would be below M5 AIMS level (lower M1 AIMS level distance to lower M5 AIMS level is < 5 pips). So, price has to move from alligator about 6.4 pips in order to PO trigger. That's quite much because price is not moving much overall. Therefore it's not worth of risk to my taste. If M1/M5 AIMS level distance would be smaller I might be interested.

Just my thoughts. We all have our comfortable zones and this setup was out of mine

Edit: some brainiac typos

[immy]

Immy

What entry should i do for long on m5 :
- 1 pip above box + spread
and stop lose 1 pip below aim box
and for short:
entry 1 pip below aim box and stop loss 1 pip above box? is that correct?
I do know about all the others requirments to enter is just that what's bother me
cheers

Well thats the idea. We do our Money management on the box size and decide that if price does not break out and close on the red line, we will exit. Its usually less than the actual stop losss other side of AIMS box. The SL: at the other side of aims box is an emergency stop loss, we never let that get hit if price closes on the red line before reaching that.

Having said that, from experience we have established that for EU M1, all u need is do your Money management, that is position size on 15 pips and put your SL at 15 t start to with and move it to a better stop as the trade begins. e.g. if you see a new AIMS box, move it there and so on. Its important to know these things, and write them down and then follow t hem properly otherwise trading can become a shitty experience. These things are important.

cheers. And ladies and gents, I think EJ is moving! wooohoooo

[mirgi]

Thanks Tomi and Immy,

Now I see open aligator up at EJ M5, now I will wait for setup 1 up at M1 EJ )

EU is going up too .