Fruit T20 Campaigns Hourly Time Frame [1st Post is Index]

[immy]

Compare the above to this USD/CHF H1 Fruit short signal.



USD/CHF M15 to see the inside of the wave 3 up.



So the conclusion is GU is not a good signal and Swissy was a better signal.

[immy]

Its named, intra day but you can't do intra day on h1. you have to let the market decide when you exit. And if you trade fruit on h1, that is not possible. Lesson learned and we already knew it.

So what is the better option.

Well the better option is to trade Fruit on D1. even H4 might do, but again you'll have two problems.
a. Dead Candle / Fake Signals : a fruit candle indicates shift of buying and selling. If it happens during "market off hrs" the information lack credibility. The market was not active and so we can take those signals.
b. You will signals from time to time, since you will need to be looking at charts at 4-5 different times during the day. again too much work.

If you really do want to trade intra day, the best and lowest time frame would be m15. That means you will trade 2-3 pairs max and everday chose one of them ot trade. You'll do your wave analysis on h1 and drill down to m15 and chose waves. You must still add on 1-2 times on top of the original fruit entry.

[immy]

Classic Breakout Entry. As per Fruit method, almost half of your campaigns would st art with a breakout entry like this. This particular one is going into a possible wave 5. But fruit can get you into a New Wave using the box entry atleast above/below the Red line of the gator.



Edit
Add on 5 Oct 2017

I woke up to see a box low and immediately set PO.
It went through po and then retraced up strong. I did not care. Moved SL to new box high. at LO it dropped down hard.


In trade update. nice move at LO



Update: 12:00 UK 13.00 candle time
i have third add on signal on GU but i won't take it. because its too far from green line. i.e. too far from exit plus its too far from earlier entries. if I take it my "average price" will drop.


Update: 12.39 UK

[immy]

AUD/USD h1 Chart ... Filtered long Fruit why?



M15 Chart. Wave down has not completed 1-5

[Jasmien]

Immy nice trading on GU today ) Trying to absorb those fruit lessons and have them executed on D1 in future.

[Jasmien]

Compare the above to this USD/CHF H1 Fruit short signal.



USD/CHF M15 to see the inside of the wave 3 up.



So the conclusion is GU is not a good signal and Swissy was a better signal.

Yes I understand, my brain gets how you went on M15 and did those analysis. I just keep following.

[immy]

Immy nice trading on GU today ) Trying to absorb those fruit lessons and have them executed on D1 in future.

Thanks. It was Today and Yesterday. The original Entry which was harder was made YD. Woke up saw it breaking down, added on one more time. Now i'm wishing I had 5 entries lol ... it keeps going down, 250 pips plus. (we can do alot with 250 pips, it could 250 dollars, it could 25K)

Here is what benefit of Hindsight can do... EU was nice Breakout opportunity on H4. .. .which means we could have taken the Setup 0, indeed, (for stage 3 and above) ... knowing that you're taking H4 setup but timing it on H1. lovely spot.

so here is H1 chart... the brown line is H4 level. check it on h4 chart below


so here is H4 chart



I'm sad to learn that Jozef does not follow this Thread of mine ;(

Oh here is image on the Setup 1 template
Now I know some one might say, "but dot candle" was not ready so its not setup 1. Yes its not a setup 1 signal on H4. But the Setup 1 pattern, the 3-4 was there. Which means, that if you could see a setup 0 on H1 which shares a Box level with h4, that is Double AIMS, you could now use it and it will be high probability setup.


hope it makes sense

[immy]

Hello

I am back and so I thought why not resume this T20 campaign. I only have 6 more to go. So here we go, found a nice breakout situation on the EUR/USD H1

Short PO triggered.

Plus Points
1. Clear 3 down
2. Clear 4 sideways
3. there is a Cherry on H4

4. Target Point TZ1 is more than 2R awaya



An observation I made during "the Tree" meditations/creative thinking.
H1 is NOT a good time frame for Fruit method. Confirmed. not because its not profitable but because its a 24hr time frame and nobody can be around 24hrs to manage their campaigns.

Edit 15:35 UK PO AO add on



update: 16.23
The Bargain ADd on ...

when you have the 3 red bars add on , you will sometimes get a better price. the 4th bar has its low, higher than previous. since its a sell order you are getting a better price to get in. Meanwhile we also receieved box add on.

Problems: this is where H1 time frame presents problems. we have a nice setup, we have 2 add on signals coming and at the same time its time to end trading for the day. its london closing time. Do I wait and see all the signals till mid night and then check 6-7 hrs later ... what do i do?
IT just simply means that we have the answer. If you are trading H1 time frame you either close all your trades for the day at the close time or you move SL to a location that you are fine with, and leave the rest of the trades running. its not a perfect fit for Fruit method because fruit method presents add on spots and its very active. So you will either trade it on h4 or d1 or if you wnat to trade intra day you are restricted to m15 where you can only trade 2-3 pairs at max. Even then you have to select one of them not all three.



Update: 18.00 Closed for BE

[immy]

T20- C16
Pair: EUR/GBP
H1
Apple Fruit Initial Entry
Box Add on PO Setup



End Result: DS1

It was an ok signal. Fruit first entry is a test entry anyway. If it goes in our favour we add on. That's where we start to make money. Fruit has only a 30% win rate.

[immy]

T20 - C17
AUD/USD
H1
Fruit Entry

First I thought it was not a good entry short. Then I saw H4 was showing a complete abc up, finishing with apple fruit short. thought I cannot take H4, due to the plan for this T20 but I can take h1. so took it.

Fruit Entry Image


AO Add ON .. PO is set



Result: Rent Paid
Lessons: nothing really. Other than, it was a signal, i took it, and it went the opposite way. NEXT