Question on Setup

[immy]

Hi Grant and herbert,

thx for your answers.
Grant, I know, that these wer no entries for you. But at least 2 and 3 were classical add-on situations.
And an add-on is nothing else than a new trade.
I didn't take the green one, first because it was green ( the old problem : aims box was 31612 and the green candle high 31613 ) and second because M5 was still sleeping.
But these are my hesitations always.

Bettina

An Add-on is different to Setup 1. Remember an add on is taken just after a breakout is confirmed successful. So you lower your lot size for the breakout to happen and then you add on so that you take full advantage of the trend. It does not necessarily have to be on a dot. Because most often you'd get an exit signal before a new dot. So Add-ons are a bit different.

[Bettina]

Hi Immy,

might be that I didn't yet really understand add-ons. But at the time you add on, you are convinced that there might come more ? Otherwise you wouldn't probably. That's what I meant.

Bettina

[immy]

Hi Immy,

might be that I didn't yet really understand add-ons. But at the time you add on, you are convinced that there might come more ? Otherwise you wouldn't probably. That's what I meant.

Bettina

Yes Bettina

The Addon is for when you're convinced that the trend is confirmed. It requires experience. If you're experienced enough to read charts, you will automatically know the AIMS levels to add on. Simply put you just add on on the next 2-4 AIMS Levels depending on how you feel about the market. Remember never to add on in to a choppy market. Because addon into choppy market will get you more of WHAT? yes, chop. So add on into trend and you get more of the good stuff.

cheers