Hello Immy, Herbert and Richard,
I certainly appreciate your inputs and thoughts on additional indicators and thank you for taking the time to share. I'd been doing some 'outside' reading (as mentioned in an earlier post) and had come across the fibonacci
time indicators for the first time. The examples in these books of the time fibs used the ratios (like the price retracements and expansions in the MT4 platform) so I was surprised when I saw that the time fib tool in MT4 uses the actual fibonacci numbers - 1, 3, 5, etc - instead of the ratios and was wondering why and how to interpret. And when I saw that Steve had incorporated them into his most excellent indicator I thought that maybe I could get an answer. That's all. Just asking 'why' (my mother warned me that I ask 'why' too often!). Maybe too inquisitive - but not looking to use them to target my exits or really to use them at all - just wanted to see and understand them in action I suppose... So, no worries! I am fascinated by this whole Fibbonacci and Golden Ratio concept and have even found myself counting branches and branches within branches on trees (now that they have no leaves) and am finding alot of 3's and 5's!!....
I did this extra reading because I was taking trades in the corrective phases and getting stopped out fairly often. I was trying to understand how to identify the corrections so as to stay away from them as much as possible. They were causing me much angst! :thumbdown: The upshot of it all is that I now understand them better but really to no avail as far as applying this understanding to the charts as they (the corrections) can be complex and long.... Which only reinforces what you're saying Immy, that we're not trading ungrounded waves. So, now I feel like I've come full circle so to speak, and am pretty much back where I started.
( I find that during corrective phases when there are so many signals (I definitely understand why with the alligator sleeping and price jumping around his green line), that I'm now gunshy and miss the signal/setup where the breakout actually happens and puts you into wave 1...which I very often only see after the wave 3 has gotten underway and by that time I've 'missed' all the valid entry points. I know that AIMS is not about trading Elliott waves, it's about the signals and the setups and the AO - I'm just using the wave numbers here to explain what I mean.... Often the alligator is opening his mouth on M5, I get the dot and setup 1 on M1, my PO is taken and then he goes back to sleep again! Turns out he was just yawning! And I get taken out at my SL - which isn't big but it's just happening way too often for me to be profitable...and confident, for that matter.
I've also seen full waves occur on M1 when M5 is correcting (ie not trending) and just am confused about this... I was hoping that because you all were kind enough to take time to comment if you could possibly take some time again to tell me your thoughts on this...and hopefully shed some light for me.
I think the AIMS system is awesome and know that it works - but there is something that I'm missing and even after re-reading the AIMS ebook several times I'm not finding it - and it's probably staring me right in the face.
A very long request for help and any input from fellow AIMSters would be appreciated.
) 
? ). Or is it a combination or something else that I'm missing?