Immy's Corner [The Setup The Hunt - T20's and more]

[immy]

The NEW Pullback Method:  In-Depth Tutorial about The How and Why
We know that The Setup One Strategy is tried and tested. It's the best method (IMHO)

We love it because it gives us a 70% win rate and happens to be the pattern that can be considered as the hidden structure of the market. It is actually the pattern of growth.

Whenever you chart a pattern of performance or growth you will see phases of fast growth followed by a period of stagnation. It happens all over in nature. 

The Setup One Evolved into What we now call AIMS The Hunt Strategy. 

And now in 2020, I have now started trading a further advanced version of the Hunt Method. 

In this video, I will use current prices, today's market action 26 of Aug 2020, and go deep. I will share Why we arrived at this method, what are the reasons and logic behind it, and how to do it, CORRECTLY. 



WARNING: DO NOT CHANGE ANYTHING



WATCH this video with pen and paper handy. Spare an hour at least. You might have to watch it again to fully understand it. But it really is a very simple concept. 

[hanreali]

Hi Immy,
I have been trading with the New Pullback method in the Australian timezone on M1 charts, but I have a question regarding dealing with spreads.

Last week the spreads were quite small, but I have looked at the charts this morning and every chart has a spread of 1.5-5 pips. What do you do in this situation?

TIA
Alina

[immy]

spread above 2 is a simple NO. No trades...
I do not like or suggest anyone trading FX on m1 with this method. the range of the m1 charts are too small compared to spread.
5 minute is the last chart.
However, during news events, i.e short after news are announced the increased volatility might provide opportunities on the m1 charts as well for a short period of time.
This is the most important bit for a day trader. To know the volatility of the market they trade, to know the relevance and to read the momentum ... we don't want skpiky tailed candles... we want smooth consecutive same colour candles... this can only happen when the market is busy...

hope this helps

[hanreali]

Thanks Immy

[immy]

Most people don't understand that when I trade the M1 chart I have actually always traded the M5 pullbacks...
So now I only trade the pullbacks ... why?
[18:57] Because I want to trade within TRENDS ONLY.... It sounds simple but loads of people just don't get it.
[18:57] Reversals No thanks
[18:57] Trends .. YES...
[18:58] Can a Market trend both ways in the same hour/session? of course it can... it depends on how you define trend?
[18:58] A Trend can only be defined in one way , accurately for that day... or session.
[18:58] And that is to note where it started at the open and when it went after the open....
19:01
but a trend can also be defined based on the CHART TIME Frame .... or the Time Period ...
Is the M1 chart trending up or down.? how do you define that?
And when you ask, what was the trend of DAX30 on the m1 chart within the past 1 hr? then you're asking about something else.





19:01
The Setup 1 is the Breakout of a consolidation but only the consolidation that is preceded by a strong breakout of a range ...





19:02
A setup 1 is basically a Pullback setup of a the 5XHTF...





19:02
The HUNT is essentially a pullback pattern with a confirmation candle.





19:02
So it is correct to say, that when I trade the M1 chart, I want to see HUNT pullback on m5 and Setup 1 on m1....





19:03
while doing this, I can also trade Hunt pullbacks on m1 on its own...





19:03
in that case when I have a pullback/ a Hunt Pullback on m1, I will also be able to spot a setup 1 on 12 Sec chart.

[immy]

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[Dave]

The NEW Pullback Method:  In-Depth Tutorial about The How and Why
We know that The Setup One Strategy is tried and tested. It's the best method (IMHO)

We love it because it gives us a 70% win rate and happens to be the pattern that can be considered as the hidden structure of the market. It is actually the pattern of growth.

Whenever you chart a pattern of performance or growth you will see phases of fast growth followed by a period of stagnation. It happens all over in nature. 

The Setup One Evolved into What we now call AIMS The Hunt Strategy. 

And now in 2020, I have now started trading a further advanced version of the Hunt Method. 

In this video, I will use current prices, today's market action 26 of Aug 2020, and go deep. I will share Why we arrived at this method, what are the reasons and logic behind it, and how to do it, CORRECTLY. 



WARNING: DO NOT CHANGE ANYTHING



WATCH this video with pen and paper handy. Spare an hour at least. You might have to watch it again to fully understand it. But it really is a very simple concept. 



 

This is such a great video! Thank you Immy

[Dave]

Immy, a question if I may....

You mention often about trading outside the range, looking left, marking FO and LO and only trading when price is moving and away from these notable levels. What do you define as outside the range? Is it about avoiding the most recent of congestion (look left, have some clear air, be outside the box with respect to the current wave) or do you consider any entry within the range of the day to be inside the range, and so entries are only above daily highs or below daily lows?

Using yesterday's chart for example, the LO rise is clearly outside FO's range and into clear air. Then price goes sideways and that's easy to avoid and obvious. But the following drop goes back inside the FO range, even though it looks to be clearly trending within those levels. Would you be passing on this price action because of it's position relative to FO? By this criteria, it made for a very sideways day yesterday that didn't see clear air again until late in the NY session when it moved up to 13100, above previous daily highs.

Or, see M1 clearly moving (outside box and away from boxes immediately left and away from recent sleeping gator range) and let chaos and the energy of LO decide?

Thank you

20201008.04.jpg

[immy]

Immy, a question if I may....

You mention often about trading outside the range, looking left, marking FO and LO and only trading when price is moving and away from these notable levels. What do you define as outside the range? Is it about avoiding the most recent of congestion (look left, have some clear air, be outside the box with respect to the current wave) or do you consider any entry within the range of the day to be inside the range, and so entries are only above daily highs or below daily lows?

Using yesterday's chart for example, the LO rise is clearly outside FO's range and into clear air. Then price goes sideways and that's easy to avoid and obvious. But the following drop goes back inside the FO range, even though it looks to be clearly trending within those levels. Would you be passing on this price action because of it's position relative to FO? By this criteria, it made for a very sideways day yesterday that didn't see clear air again until late in the NY session when it moved up to 13100, above previous daily highs.

Or, see M1 clearly moving (outside box and away from boxes immediately left and away from recent sleeping gator range) and let chaos and the energy of LO decide?

Thank you20201008.04.jpg

 

The Answer