EU on Friday - conflicting entry point

[autopro]

Hi Immy,
Just a little confusion on Fridays 200pip+ EU drop in regards to AiMs.
Interestingly from M15 on EU it would have failed the Setup criteria if i am correct?
The red dot was ABOVE the purple line (fail), athough dot inside AiMs.
My understanding is I would not have taken this trade, (as it happened i did for other reasons).
But SHOULD I have got in and taken the trade once it broke the purple line?
Are these just a judgement call?

Rgds. JEFFD

[snorm]

Hi JEFFD. We don't tend to use Purple on the 15min TF; it's really intended for the 1min chart.

Had your chart been a 1min, your analysis of not trading into the Purple would be correct.

Cheers
Steve

[autopro]

Hi JEFFD. We don't tend to use Purple on the 15min TF; it's really intended for the 1min chart.
Had your chart been a 1min, your analysis of not trading into the Purple would be correct.
Cheers Steve

Thanks Steve, Ok I see that.
But if this was M1 would you have entered on the break of purple or on the
break of AimsLevel beyond purple, that would make sense right?
In this instance, with hindsight obviously, would have been a nice trade,
whether it could be used as a rule is another thing i 'spose

Rgds Jeff

[snorm]

Break of AIMS Box below Purple would probably have been my choice

[Grant]

Hi autopro,

i agree with Steve that the entry would be the first aims break below the purple line...

However at that point we have to still make sure that all the other rules are still inline and most of the time its the AO that would stop me trading a break so far after the dot appeared. In your pic the first aims broken looks like its on the 10th bar after the 0 line cross, too many for my conservative taste...

hope this helps
Grant