M5 for trend confirmation and M1 for trading: Right?

[naqviimran]

Hi Imran,

It is always a great feeling to learn from a person who shares your name;well, my name is Ali Imran. Anyways, back to the main point.

I have been fascinated by your system right from the day when it was delivered into my inbox. I had an inclination to buy your system, which I did after some research.

Well, as a beginner, I wish to clarify a doubt with respect to the use of M5 and M1 charts. What I understand from the book and your posts is that we always use M5 charts "only" for trend confirmation, while M1 for actually placing orders. Am I right or wrong?

As another query, I wish to know the course of action when alligator is sleeping on M5 and open on M1. What do we do? Put a pending or wait for the mouth to open on M5 as well. And what in the case of vice versa scenario.

I would also request Grant/John/AIMS experts to help me with this.

Thanks for your support in advance.

[immy]

Hi Imran

I'm delighted to have the opportunity to Welcome you Imran, to AIMS Stress-Free Trading Community! Its great to have you here. No there are two of us! haha
Thank you for the good words, I appreciate your appreciation!

I think the following posts, also a few more by Pall would answer your questions. http://www.itradeaims.net/forum/viewtopic.php?f=9&t=281

cheers

immy

[naqviimran]

Thanks Imran. That was pretty helpful......


Looking forward to asking you tons of questions about this wonderful system, as I unfold its secrets.

[immy]

You're most welcome! Fire away matey!

I have not come across anyone with enough questions so far! I love questions!