The Fruit - A Powerful Trading Strategy [Archived]

[Dave]

Hi Immy,
I had a closer look at the template today after conversation in the Skype room and just wonder what the reason is that some of the price bars are green for a bullish bar and also green for a bearish bar, then after a while it changes to red if it has turned more bearish. Obviously, the direction of the individual bar does not necessarily relate to the state of the bar (ie bullish or bearish from open to close)?

Hi Kyle. Bar colour corresponds with eWave :-bd

[immy]

Hi Immy,
I had a closer look at the template today after conversation in the Skype room and just wonder what the reason is that some of the price bars are green for a bullish bar and also green for a bearish bar, then after a while it changes to red if it has turned more bearish. Obviously, the direction of the individual bar does not necessarily relate to the state of the bar (ie bullish or bearish from open to close)?

So you see, we read a lot and we think we have read it but its either not explained correctly or if it is we sometimes miss parts of the information.

The reason I stress people to use the correct template is this. The V4 fruit package has the Fruit Bars 1.1 indicator, this was previously part of the Seed v2.2 indicator that overlay bars over the standard bars and they follow the colours of AO red/green. it keeps you in tune with the wave of the market. hope this clarifies it all!

[immy]

Trading on H1 is a lot easier than trading on m1 or m5.

You’d think that it is because of one these reasons.
1. having more time to decide
2. you get more information in favour of your trade
3. "double confirmation”
4. H1 is more reliable time frame”
5. the fundamentals support the time frame
6. it takes a lot more trading to turn an H1 charts than it would to turn let’s say an m1 chart.

All of these points may be valid and applicable in their own right to a certain extent, just as there are hundreds of very good indicators out there that can be used to give a trader a trading advantage as well as those that were created by sick headed guys with no idea of what an edge is or by those who simply wanted to create an indicator for selling a product.

Trading the hourly chart is a lot easier because you only get to look at your chart for a few minutes per day. And that may not sound like a profound advantage but let me try to explain why.

What is the biggest problem of traders? Is it the lack of information? Is it not having access to a good proven trading methodology? Is it the lack of “brain tissue” or the grey matter”? Is it the lack of education and training? Again the above questions and their respective answers may be true and applicable to a certain extent but they don’t answer the question as to why the hourly time frame is better than the time frame shorter than the hourly time frame such as the five minute or the faster one minute time frame. The answer to this again is, one that is mental.

We at AIMS all know that, or at least I think we should because we have been trying to communicate this one message over and over again.
The biggest problem of traders is “Lack of Consistency”. Consistency is not the name of being disciplined for a week or two. It’s not just an attempt at being “profitable”. It is a mind-set. This phenomena has been introduced in the book AIMS – Activating the Zone.

The point is that the biggest problem in trading is that traders “make mistakes” Consistently.
I hope by this point you have arrived at what I am trying to get at, which as follows.

The reason H1 is better than m5 or m1, especially beginners, is simply because it reduces your time exposure to charts hence reducing your exposure to more information. You only get exposed to a chart for 1 min per hour where you make a decision of either of these
1. Take action on an entry signal, either take it or filter it.
2. Apply your trade management plan

Once you’re done with that there is absolutely no need for you to stare at your charts for the next 55 minutes. This may not sound profound but the reality is that it is actually the difference between success and failure in terms of becoming a “Consistently Successful Trader”.

[immy]

Analysis of The EUR/USD Daily Time Frame

The market is currently broken below an aims level which has a higher low than the low of the wave down. Such pattern often leads to two things.
1. It either the start of a fresh down wave, which we would be able to call wave 5 if it breaks past the peak of wave 3, which is the lowest point to the left that is 26th of January. or else

2. it will form what we call a B Trap. Which basically means we may be seeing an “abc” pattern to upside. An “abc” pattern often a zig zag correction, is either a wave 4 correction or it could be a 1-2 to upside for a fresh wave 3 up. A wave 2 consists of 3 waves of which 2 are impulse and one is corrective but the sequence of the wave a wave b and wave c, as a whole is a correction of an impulse wave that we call wave 1.

Staying in the now is important Now without going into the future and getting stuck to it, we can assume that market might start going up starting tomorrow. It might even form a Fruit tomorrow on the daily time frame, giving a chance for Fruitarians or the rest of the lot of fellow contrarians to start a fresh long campaign. If you don’t get attached to this idea and consider is “just a possibility” you will be able to take a trade following your rules and you won’t mind if you were proven wrong because you know that the market is the market, it’s always right and we are here to listen to the “mother market” instead of in completion with it. We go with the flow.

But if you hang on to your ideas for too long even long after you’ve been comprehensively wrong, then you might accumulate losses over losses and miss the profitable trades. If you cling to the above and remain attached to it for too long, trading can be very frustrating.
On the other side if you read the above, make a picture of it in your mind and then say, ok so that's the picture, and everything in the market is based on probability yet every moment is unique I will go with what the market tells me in the now, meaning the current picture especially towards th right of the screen, then you will be ok. And you will be in a relaxed state of mind knowing that you are right all the time as long as you follow your trading plan.

[immy]

First, a quote

The Only Thing we have to Fear is Fear itself..png

EURUSD H1 Fruit. Running

Fruit H1.png

Fruit on Daxy Earlier ~(for the m5 lovers) 86 pips! without even looks at the chart. market was in Stage 3 in 10 minutes. Then let Darrens EA trail AIMS levels.

Fruit Dax M5.png

The Result

02-03-2015 18-32-41.png

[immy]

EUR/AUD A Beautiful trade on the daily Trime frame with 3 AIMS Addon's and initial fruit entry.

[immy]

A good life

DSC_0054~2.jpg

[immy]

The S&P 500... finally dropping.

S&P500d1.png

Sugar # 11 (Thang... where are you?)

Sugar.png

[immy]

hmmmm, M1 was really really really profitable as well today.

but m1 requires a lot of market orders and quick quick decisions. Its safer, a lot easier calmer to trade on m5. Lets stick to m5.

[immy]

A Beautiful Trade!

Many Setups on Daily Time frame triggered off Saddle pints, Setup 1's Last month. others like cable on Fruit.