AIMS Box and dots - please help

[sponn]

Hello

Just want to ask about one thing. When I get a blue dot into AIMS box. But ther was too big SL for me. Then occurs new AIMS box with a tighter SL, but no new dots since last one. Is this valid setup. Which one SL I should use then 1st one or 2nd one. here is a pic

[immy]

HI

Good you asked the question. Ofcourse the second one. When the dot arrived aims levels were too tall so no trade, but you wait and see what happened, in this case it formed a better lower aims level making hte distance between upper and lower aims level smaller making for a very lowe risk trade. ! Ofcourse the 2nd one is the one we take! all rules ticked!

cheers

[sponn]

Thx Immy. I was not sure about blue/red dot and aims box Now everything is clear.

Also may I ask about closing a trade (loosing ones).

You wait for SL or closing trades when
1. red/blue dot happens or
2. price touches or closes breaking red line (are we waiting for candle close or not)?

[immy]

Hi

This year we have modified our plans a bit, you now have two options. Either use the Trade Management plan as described in the book or Use Grant's Trade Management plant. That you'd find in the first post of Grant's Journal in the Journals section. I do recommend all newbies to follow this technique because it really takes the stress out and helps you to trade in a more disciplined manner. Plust it is a test and proven strategy. Using this I was able to hit 19% during the month of december!

Cheers

ps: answer to your question if using the green or red line we dont exit on touches, we use the Candle Close.