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

[immy]

nothing special today... nothing exhilarating! Not so far.... But we are going into the magic hour!

[Darren]

Why is it called the magic hour?

[immy]

because we've seen some massive waves during the last two hours of London session. don't rely on it though. Trade the Setup. for now. there is no trend. so I'm not sure about anything. so I'm on the sidelines.

[immy]

Jumping the gun has become a culprit lately! These are the times beginners have a great problem staying focused and positive. Markets not doing anything and we keep getting in and out. but eventually it breaks. but it may not break. So the most important thing is Have You completely accepted the risk? Have you identified your edge? if the trend is not confirmed, then do you know which direction to take the trade? etc etc. still its just one day. As long as money management is correct you should survive and be ready for the next.... I have a strong feeling its going to break the m5 low and drop like a ton of bombs! haha....

[immy]

Bracketed M5 aims box.

[immy]

EU triggered long a 3 pip SL.

[immy]

EJ looking at M1, has hit TZ1. We need this 5 to turn into 3. only then we'll make some money, but if we get exit signal. we'll take it and get the hell out of it.

[flpip7]

Interesting!

I assume 34 is the 34 EMA?

[immy]

Interesting!

I assume 34 is the 34 EMA?

Don't assume my friend, read the thread and you'll know EXACTLY what it is!

[immy]

Bracketed M5 aims box.

Took profits using BDC candle. Could go further but I want to "Pay myself" its been quite a few hours since I got paid nicely last time. this is 1:2 reward I'm happy. ]
Picture shown on the simplest trading system of the world template.