Several Questions occured in my Mind

[Nitin]

I finished the Aims setup ebook today. As expected I also comes out with several doubts :-s lol. I hope Immy and Aimsters shall reply :ympray:

As I know trading in 1min wouldn't be easier for me so I decided to trade this system in 5 min tf.

Q.1- In ebook max stop loss of 15 pips is considered in 1min tf so how much should I consider for 5 min. 8-}

Q.2-Is fresh cross of AO is necessary? or its ok if it is just close to 0?

Q.3 I installed V 5.1 which is showing several dots like pink,light blue small dots etc. But I read about only blue/red dots in manual so someone pls explain the use of other dots.

And I m also worried about the concept of Elliot Waves( how can I identify the waves)

oh god I had several question in my mind but just after start writing this I forget many. lol

Thank you

Nitin Raj

[Nitin]

ok I spend my last 2 hours to understand Elliott Wave. I have come out with following observations:

Suppose

1.AO cross 0 to upside and created a peak=Wave 1

2.Its start decreasing but doesn't cross 0=wave 2

3.Its again starts rising and creates another peak higher than the previous one=wave 3

4.Its start falling and crossed 0 to downside=wave 4

5. its again start increasing and again crossed 0 to upside=wave 5

Please correct me I know I m observing it wrong :-s


Thank u very Much

Nitin Raj

[immy]

ok I spend my last 2 hours to understand Elliott Wave. I have come out with following observations:

Suppose

1.AO cross 0 to upside and created a peak=Wave 1

2.Its start decreasing but doesn't cross 0=wave 2

3.Its again starts rising and creates another peak higher than the previous one=wave 3

4.Its start falling and crossed 0 to downside=wave 4

5. its again start increasing and again crossed 0 to upside=wave 5

Please correct me I know I m observing it wrong :-s


Thank u very Much

Nitin Raj

Wave 1-2 = Around Zero Line - Not always visible quite confusing - Hence wait for Sleeping Alligators
Wave 3 = The Obvious Strong Move with a Peak on AIMS WAVES
Wave 4. = After the above, cross of Zero Line = Wave 4.
Wave 5 = Cross of Zero Line again and New peak but most importantly, with Divergence. Divergence = Wave 5.

All the Above should be within 100 to 140 candles/bars

[Nitin]

Thanks Immy for your reply.

Sorry I got the answer for dots.

[Nitin]

I want to ask something about V5.1 Dots. As I know it shows dots when all the criteria of setup is complete.

Does it also check for sleeping alligator( of course for setup-1 Blue/Red Dots) or we have to manually check that? Sorry for silly question

And yes it is showing light and dark aims boxes when applied M1 Template it is confusing me. Whether M5 template is working absolutely fine.

[immy]

I want to ask something about V5.1 Dots. As I know it shows dots when all the criteria of setup is complete.

Does it also check for sleeping alligator( of course for setup-1 Blue/Red Dots) or we have to manually check that? Sorry for silly question

And yes it is showing light and dark aims boxes when applied M1 Template it is confusing me. Whether M5 template is working absolutely fine.

Hi Nitin

Not all the criteria is met, only a few things such as , is AO close to ZL and is AIMS Box height correct based on parameters/ input values set in.

M5 template is not set to show different colours of aims box and has not dots indicator attached. M5 is your Birds eye view whereas M1 is the ground!

cheers

Immy

[Nitin]

I want to ask something about V5.1 Dots. As I know it shows dots when all the criteria of setup is complete.

Does it also check for sleeping alligator( of course for setup-1 Blue/Red Dots) or we have to manually check that? Sorry for silly question

And yes it is showing light and dark aims boxes when applied M1 Template it is confusing me. Whether M5 template is working absolutely fine.

Hi Nitin

Not all the criteria is met, only a few things such as , is AO close to ZL and is AIMS Box height correct based on parameters/ input values set in.

M5 template is not set to show different colours of aims box and has not dots indicator attached. M5 is your Birds eye view whereas M1 is the ground!

cheers

Immy

Thanks Imran for your answer btw as I said earlier trading in M1 is not easier for me. On your advice I tried and very first trade on M1 Hit sl. Thats why I always avoid M1.

[Nitin]

Morning Imran and Aimsters, I get familiar with setup one and now I can trade it without any hesitation. But I dont feel confident whn trade setup 2 as I m confused about the 1st and 2nd aims box outside the alligator.

someone pls put some light on it.

Thank You

Nitin Raj

[immy]

Morning Imran and Aimsters, I get familiar with setup one and now I can trade it without any hesitation. But I dont feel confident whn trade setup 2 as I m confused about the 1st and 2nd aims box outside the alligator.

someone pls put some light on it.

Thank You

Nitin Raj

Hi Nitin

No problems, its simple. Setup 1 = Alligator Sleeping and still inside AIMS Box (high and low). Setup 2 however has 2 scenarios
1. A Setup 2 appearing after Setup 1.
2. A Setup 2 without a Setup 1 i.e Alligator Open and Price Still Inside AIMS Box and has not broken it yet.

Example 1

18-02-2012 13-21-33.png

Another Example

18-02-2012 13-34-32.png

[Nitin]

Morning Imran and Aimsters, I get familiar with setup one and now I can trade it without any hesitation. But I dont feel confident whn trade setup 2 as I m confused about the 1st and 2nd aims box outside the alligator.

someone pls put some light on it.

Thank You

Nitin Raj

Hi Nitin

No problems, its simple. Setup 1 = Alligator Sleeping and still inside AIMS Box (high and low). Setup 2 however has 2 scenarios
1. A Setup 2 appearing after Setup 1.
2. A Setup 2 without a Setup 1 i.e Alligator Open and Price Still Inside AIMS Box and has not broken it yet.

Example 1

18-02-2012 13-21-33.png

Another Example

18-02-2012 13-34-32.png

Thank You Imran for your kind reply and charts example. Just One question,

suppose I got a blue dot with
-Alligator Awake
-AO close to 0
- Price inside Aims box.
-Purple is on right side.

Can I take a trade on break of the Aims level in desired direction? or something else must be watch?

Sorry Dear but I really want to trade this system confidently and correctly.

Regards

Nitin Raj