immy wrote:immy wrote:immy wrote:immy wrote:EJ short
Immy's Corner [The Setup The Hunt - T20's and more]
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: The Tales of Immy and The AIMSters - Trading CHAT
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Tales of Immy and The AIMSters - Trading CHAT
Bounce off the 125.00 level was expected. One thought was to set a TP at 125.03 or 05. But that is not trading Chaos! though if it was 30 to 40 pip profit, then yes why not.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Tales of Immy and The AIMSters - Trading CHAT
immy wrote:Bounce off the 125.00 level was expected. One thought was to set a TP at 125.03 or 05. But that is not trading Chaos! though if it was 30 to 40 pip profit, then yes why not.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Tales of Immy and The AIMSters - Trading CHAT
The End.immy wrote:immy wrote:Bounce off the 125.00 level was expected. One thought was to set a TP at 125.03 or 05. But that is not trading Chaos! though if it was 30 to 40 pip profit, then yes why not.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
What is Divergence, Why is it important
What is Divergence, Why is it important.
It means that previously the market was changing its value, the price was either dropping or rising with a certain increasing momentum as per the formula of taking average of 5 previous candles and matching it with average of 34 previous candles. When we see a peak on AO, eWave, in the form of the histogram, we are told that the market is dropping or rising with increasing momentum. when it retraces back to ZL and starts to peak again but the peak does not cross the high/low of previous peak we know that market is still dropping or rising but that its slowing down, losing momentum, in other words it has started to accelerate in the opposite direction. So the arrows in the picture tells us, the market is actually going up from its previous lowest spot.
It means that previously the market was changing its value, the price was either dropping or rising with a certain increasing momentum as per the formula of taking average of 5 previous candles and matching it with average of 34 previous candles. When we see a peak on AO, eWave, in the form of the histogram, we are told that the market is dropping or rising with increasing momentum. when it retraces back to ZL and starts to peak again but the peak does not cross the high/low of previous peak we know that market is still dropping or rising but that its slowing down, losing momentum, in other words it has started to accelerate in the opposite direction. So the arrows in the picture tells us, the market is actually going up from its previous lowest spot.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Tales of Immy and The AIMSters - Trading CHAT
NEW in 22 min. Lunch and Walk
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Tales of Immy and The AIMSters - Trading CHAT
I would not have taken the following trade because I had decided to stop until news. But when I looked at it, it was so enticing. Tight Gators, tight box, M5 clearly open. no divergence on m5. it was good. only 13 pips exit on trailing after BDC appeared.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Tales of Immy and The AIMSters - Trading CHAT
A perfect spot for PC entries, to catch the continuing trend and get the most out of the trend.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: The Tales of Immy and The AIMSters - Trading CHAT
Gold Hit 500 pips or 50points target point from 1641 to 1591. Niceimmy wrote:GOLD Doing pretty good
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
There are Two Place I like to Trade
Spot One = Breakout in the Direction Higher Time Frame Trend
Its a Setup One with Perfect Saddle Point and Trend on M5 Confirmed.
Spot Two = Trend on Both Time frames confirmed, there is no divergence and we spot a PC. PC within a 3 on m1 = W4 of 12seconds chart (a certain lower time frame). e.g. if you see a PC on H1, if you go down to m15/m5 you'd most probably find that eWave should be showing a Wave 4 there (hoping you know what is a wave 4 based on 10s Elliott Wave ebook. )
cheers
The above picture as it appeared on our screens earlier. Does not look so pretty does it. But out of Chaos Comes Beauty and Organisation!
Its a Setup One with Perfect Saddle Point and Trend on M5 Confirmed.
Spot Two = Trend on Both Time frames confirmed, there is no divergence and we spot a PC. PC within a 3 on m1 = W4 of 12seconds chart (a certain lower time frame). e.g. if you see a PC on H1, if you go down to m15/m5 you'd most probably find that eWave should be showing a Wave 4 there (hoping you know what is a wave 4 based on 10s Elliott Wave ebook. )
cheers
The above picture as it appeared on our screens earlier. Does not look so pretty does it. But out of Chaos Comes Beauty and Organisation!
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!