Several Questions occured in my Mind

[Nitin]

Morning Imran and Aimsters. I come here again with a question.

" Suppose Alligator is open to upside in M1 and all the other conditions in M5 and as well in M1 are showing down.

And we get a red dot in M1 but alligator is open to upside but horizontal. If price moves down 1-2 candle then alligator pretend like sleeping but at the time of dot it was open to upside". So this is valid short or not?
I know this question is silly, but I want to clear my doubt :ymdaydream:

Thank you

Nitin

[immy]

Morning Imran and Aimsters. I come here again with a question.

" Suppose Alligator is open to upside in M1 and all the other conditions in M5 and as well in M1 are showing down.

And we get a red dot in M1 but alligator is open to upside but horizontal. If price moves down 1-2 candle then alligator pretend like sleeping but at the time of dot it was open to upside". So this is valid short or not?
I know this question is silly, but I want to clear my doubt :ymdaydream:

Thank you

Nitin

I'm lost... buddy

perhaps a picture would be a good idea... :-bd

[Nitin]

Morning Imran and Aimsters. I come here again with a question.

" Suppose Alligator is open to upside in M1 and all the other conditions in M5 and as well in M1 are showing down.

And we get a red dot in M1 but alligator is open to upside but horizontal. If price moves down 1-2 candle then alligator pretend like sleeping but at the time of dot it was open to upside". So this is valid short or not?
I know this question is silly, but I want to clear my doubt :ymdaydream:

Thank you

Nitin

I'm lost... buddy

perhaps a picture would be a good idea... :-bd

oh come on dear I knew it u'll be frustrated, I know I m so annoying
ok ok next time I'll get this situation definitely post a screen shot lol


Cheers

Nitin Raj

[tombacon89]

Hi Nitin, you were after some info about the dots at the start of the thread. I've just been having another look over them myself as I sometimes forget. Hope this gives you a bit of clarification if you haven't already got to grips with the dots yet, I found this on another thread.

• Red and Blue – Type 1 Buy and Sell Alerts where AIMS Box and AIMS Wave meets the set criteria. Place PO outside the AIMS Box
• Pink and Green – Type 2 Buy and Sell Alerts where AIMS Box and AIMS Wave meets the set criteria. Wait for a new AIMS Box and place PO.
• Black dot (well, it’s actually a diamond but you can change this) – a signal where Purple is on the wrong side of the AIMS Box (not wrong side of price as in V5). Consider exiting a trade or cancelling a PO.
• Powder Blue dot – an alert that hasn’t met your criteria as regards the size of the AIMS Box or size of AIMS Wave. You might still decide to trade this dot, if you feel the conditions are right – that’s your decision. You can choose not to display this dot.

[Nitin]

Hi Nitin, you were after some info about the dots at the start of the thread. I've just been having another look over them myself as I sometimes forget. Hope this gives you a bit of clarification if you haven't already got to grips with the dots yet, I found this on another thread.

• Red and Blue – Type 1 Buy and Sell Alerts where AIMS Box and AIMS Wave meets the set criteria. Place PO outside the AIMS Box
• Pink and Green – Type 2 Buy and Sell Alerts where AIMS Box and AIMS Wave meets the set criteria. Wait for a new AIMS Box and place PO.
• Black dot (well, it’s actually a diamond but you can change this) – a signal where Purple is on the wrong side of the AIMS Box (not wrong side of price as in V5). Consider exiting a trade or cancelling a PO.
• Powder Blue dot – an alert that hasn’t met your criteria as regards the size of the AIMS Box or size of AIMS Wave. You might still decide to trade this dot, if you feel the conditions are right – that’s your decision. You can choose not to display this dot.

Thanks tombacon89 for your clarification however I had found these details thats why I didnt ask again.

Thank you again for ur help

Regards

Nitin Raj

[Nitin]

why we add spread only in long orders?

[Nitin]

salam alaikum Imran, In one of the video I saw that you avoid a trade which seems to be perfect in M1 but in M5 AO has Peaked once( assuming wave 3) and losing momentum but didn't cross 0 yet, so I think you would be waiting for wave 4 in M5.

so we trade only when we supposed to trade in impulse wave in both M1 as well as in M5? or we should ignore the wave count in M5?

I hope my question make sense and doesnt sounds silly to you :ympray:

Kind Regards

Nitin Raj

[immy]

salam alaikum Imran, In one of the video I saw that you avoid a trade which seems to be perfect in M1 but in M5 AO has Peaked once( assuming wave 3) and losing momentum but didn't cross 0 yet, so I think you would be waiting for wave 4 in M5.

so we trade only when we supposed to trade in impulse wave in both M1 as well as in M5? or we should ignore the wave count in M5?

I hope my question make sense and doesnt sounds silly to you :ympray:

Kind Regards

Nitin Raj

Hi Nitin!

It would have been easier to comment had you attached a picture of that setup but I can say this, if it was perfect, I wont choose to not to trade it. So it depends how you define what is perfect.

The wave count is a background information. We do not trade Elliott Wave, it is there as an opinion and it gives us confidence to take trades and its good fun too. We trade the setup and the setup only. Now if you see a setup on m5 telling you to go long and a setup on m1 telling you to go short, I'd filter the m1 short as long as m5 has not diverged or showing clear signs of reversing! something similar to this effect!...

cheers

Immy

[Nitin]

salam alaikum Imran, In one of the video I saw that you avoid a trade which seems to be perfect in M1 but in M5 AO has Peaked once( assuming wave 3) and losing momentum but didn't cross 0 yet, so I think you would be waiting for wave 4 in M5.

so we trade only when we supposed to trade in impulse wave in both M1 as well as in M5? or we should ignore the wave count in M5?

I hope my question make sense and doesnt sounds silly to you :ympray:

Kind Regards

Nitin Raj

Hi Nitin!

It would have been easier to comment had you attached a picture of that setup but I can say this, if it was perfect, I wont choose to not to trade it. So it depends how you define what is perfect.

The wave count is a background information. We do not trade Elliott Wave, it is there as an opinion and it gives us confidence to take trades and its good fun too. We trade the setup and the setup only. Now if you see a setup on m5 telling you to go long and a setup on m1 telling you to go short, I'd filter the m1 short as long as m5 has not diverged or showing clear signs of reversing! something similar to this effect!...

cheers

Immy

Ok Imran Here I comes with the screenshot from your video, In this video u avoid a M1 trade because M5 has peaked and losing momentum, i.e. coming to wave 4 in M5, so my question was should I consider wave counts in both M1 and M5 and only trade when both confirms or looking for waves is sufficient only for in M1- if yes then why u avoid that trade?

Forgive me If I sounds annoying

Regrads

Nitin Raj

[immy]

salam alaikum Imran, In one of the video I saw that you avoid a trade which seems to be perfect in M1 but in M5 AO has Peaked once( assuming wave 3) and losing momentum but didn't cross 0 yet, so I think you would be waiting for wave 4 in M5.

so we trade only when we supposed to trade in impulse wave in both M1 as well as in M5? or we should ignore the wave count in M5?

I hope my question make sense and doesnt sounds silly to you :ympray:

Kind Regards

Nitin Raj

Hi Nitin!

It would have been easier to comment had you attached a picture of that setup but I can say this, if it was perfect, I wont choose to not to trade it. So it depends how you define what is perfect.

The wave count is a background information. We do not trade Elliott Wave, it is there as an opinion and it gives us confidence to take trades and its good fun too. We trade the setup and the setup only. Now if you see a setup on m5 telling you to go long and a setup on m1 telling you to go short, I'd filter the m1 short as long as m5 has not diverged or showing clear signs of reversing! something similar to this effect!...

cheers

Immy

Ok Imran Here I comes with the screenshot from your video, In this video u avoid a M1 trade because M5 has peaked and losing momentum, i.e. coming to wave 4 in M5, so my question was should I consider wave counts in both M1 and M5 and only trade when both confirms or looking for waves is sufficient only for in M1- if yes then why u avoid that trade?

Forgive me If I sounds annoying

Regrads

Nitin Raj

Nitin

Thank you for the pictures and your question. First of all, have you read the book 10sec EW? But it appears that you may not have read it. If you did then you'd know that for a wave count you need 100-140 bars/candles. To understand waves, you have to think waves within waves within waves, think fractal geometry. There is a wave within a wave each wave has a structure, each structure has a structure. in short we do look out for wave counting on any time frame we trade. We dont go into too much detail just a general feel of the market by looking at AIMS Waves indicator. But remember we do not trade Elliott Wave it is there for an opinion, it is there to give us confidence. I did not take that setup, (or should I say I may not have, because I dont remember) from the looks of it, that the AIMS Level on M5 was too close and momentum on M5 was down. ITs that general feel of the waves, when you see a peaking Wave on M5 you tend not to take trades on M1. Its a simple question for me, if I was to trade M5 alone, would I take this trade? if the answer is No most probably I wont take risk on M1.

I hope this answers some of your question.