Please advise how you incorporate the Multi AIMS Levels in to the AIMS setup.
Thanks,
George
Steve's Multi AIMS Levels
- snorm
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Re: Steve's Multi AIMS Levels
Hi Georgegnanos wrote:Please advise how you incorporate the Multi AIMS Levels in to the AIMS setup.
Thanks,
George
the primary purpose is to highlight when the M5 levels are within 5 pips (default) of the M1 levels - a coloured box will appear when this is the case. The idea is (when there is a good setup) to place your PO outside of the M5 levels, rather than M1.
Additional benefits are derived by seeing the levels of the higher timeframes and being able to spot multiple timeframe levels converging, potentially providing strong breakout levels. Higher timeframe levels can also provide great targets, when in a trade, and show levels of support and resistance. You might want to consider placing POs outside of the higher levels when they are, like the M5, within 5pips of the M1 levels.
cheers
Steve