21 Sep 2021

[immy]

https://www.screencast.com/t/xp2pnQpiRyi




 

Update 

I went to Gym, I cooked food for the week (on diet) I had shower... and kept an eye on this trade ever top of the hr. it went nicely.. .and now few pips from target point... 2% .... thank you very much 

https://www.screencast.com/t/bOo9fQfrooLX


 

https://www.screencast.com/t/AQIoevWcME3

[immy]

there is more money on H4 or H1 than there is on m1...

because you get exposure to more markets and more opportunities...

but the ones who can trade m1 for an hr or two, have it EASY if you are good at it.
[14:13]

I think of move as Euro move, dollar move, pound move, yen move. today its yen moves... so whther you caught GJ EJ or UJ, or all 3 , you've caught the yen moves.

[immy]

https://www.tradingview.com/x/ZQwRMoXh/

[immy]

Where I have marked, is that consolidation period. obviously showing that price stopping going down and the perhaps the resumption of up trend was on the table 

https://www.tradingview.com/x/tUWRRdf3/

[immy]

TAKE THESE Signals People... Learn to trade these signals...

This is H4 chart... Just like the EU I took YD... 

[immy]

I've said this for years... and its an important concept for setup 1. 

If you're trading the hourly chart, you want to see the placement of your setup 1 within the H4 wave ... e.g. emma took this GBP/USD on the h1.

Looks like a good setup 1... right? 

But... if you zoom out, or if you go to h4, then where is that pullback within that wave? 

Setup 1's on h1 happen in 3 ways

Wave 1-3 = Spread across 1 day .... and  half day of Wave 4 and you're ready for Setup 1 breakout.

Wave 1-3 = spread across 1-2 days.. .followed by 1 day of Wave 4... bang on day 4 you get setup 1 

Wave 1-3 is spread across 3-4 days ... these ones usually fail. Or you'll have to wait 2 days of wave 4. I don't like that .


Limitations of Setup 1
Setup 1 can be problematic. it requires too many parts and too much data to become a setup... The MicroSetup1 (hunt requires 5 times less data) ... 3-7 candles Impulse and 3-5 candle pullback and boom you have a micro setup 1. setup 1 is great concept for beginners. Learning setup 1 helps you get in tune with the structure of the market and requires alot of work. but once you've done that work, you can work on MicroSetup 1. It's like being a HAWK... be up on the vantage point, zoom in and see that mouse 1 mile away... and then Snap on your prey with the speed of a cheetah! pounce and the kill is yours!!! 

Here is this current GU Setup 1 

https://www.tradingview.com/x/hm80Le92/



Check the image on H4

If you were trading the MicroS1, (hunt signal) will you consider this? 

 
 Get in Early in to the Trend ... at the start or near the middle... not the end.