22 Sep 2021

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immy
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22 Sep 2021

Unread post by immy »

Some Good trades today ...

The London Session brought a total of 5.5R 

My Target was 5R and I hit it... 

I started with a rather "fomo" long trade right at the top. Paid half a rent. 

Then waited for that Impulse move... and finally I got it. 

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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Joined: 22 Nov 2010, 16:46
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I challenge you all!!! Go backtest these setups

Unread post by immy »

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Here is my challenge to you! prove me wrong please 

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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Posts: 9654
Joined: 22 Nov 2010, 16:46
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GBP/USD Trade Setup

Unread post by immy »

Its a Waltz on the D1, its broken below the D1 seed (YD's lows) 
I see a cherry breakout cnadle... I will short it her 
https://www.screencast.com/t/geSBpcxE
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Posts: 9654
Joined: 22 Nov 2010, 16:46
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8 R results on DAX today

Unread post by immy »

The Descending or Ascending Channels also called  Bearish and Bullish channel or Wedges or converging channels... 
they show signs of slowing or losing momentum...
A breakout either side of this structure is often a signal ... 

Today it happened in the opposite way. 

i'd expect it break below the channel, but it broke above it, and then pulled back to it. and boom 2R 

Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
Moderator

Re: GBP/USD Trade Setup

Unread post by Moderator »

immy wrote: 22 Sep 2021, 09:17 Its a Waltz on the D1, its broken below the D1 seed (YD's lows) 
I see a cherry breakout cnadle... I will short it her 
https://www.screencast.com/t/geSBpcxE
Image

 
Ooopsie! 

What got into me? What is this trade? 

I have no idea why I took this signal? 
 
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immy
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Joined: 22 Nov 2010, 16:46
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Re: GBP/USD Trade Setup

Unread post by immy »

Ghost wrote: 22 Sep 2021, 12:25
immy wrote: 22 Sep 2021, 09:17 Its a Waltz on the D1, its broken below the D1 seed (YD's lows) 
I see a cherry breakout cnadle... I will short it her 
https://www.screencast.com/t/geSBpcxE
Image


 
Ooopsie! 

What got into me? What is this trade? 

I have no idea why I took this signal? 
 

 
https://www.screencast.com/t/x8uMXAWBCM
Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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immy
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Joined: 22 Nov 2010, 16:46
14

Re: 22 Sep 2021 - US Session 4R Profit

Unread post by immy »

Here is what I did on the NASDAQ100 at the open 

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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
User avatar
immy
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Founder
Posts: 9654
Joined: 22 Nov 2010, 16:46
14

The Slanted Trading Ranges -= WEDGES and CHANNELS

Unread post by immy »

immy wrote: 22 Sep 2021, 15:26 Here is what I did on the NASDAQ100 at the open 

Image


 
https://www.screencast.com/t/WreKlaVW7

Understand the Market Structure ... REad my market cycle blog articles and watch those videos 
Image

 
and then the breakout and pullback to give you another signal 

Image
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".

I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.

My Deathbed Advice "5:1 Reward to Risk Ratio".

Yo, banana boy! 🍌
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