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Screen time LO-session 8:00 - 9:15 (GMT+2) M1 DAX only - LIVE
Frankfurt open didn't offer same opening-pattern as last days but after about 15 minutes DAX showed a nice and tradeable S2 in direction on FO-opening bars. Then it moved in a very smooth up-trend without even touching green gator and some good add on levels until it reached the top of the move.
After that LO started with high volatility and dynamic with entry-opportunities.
Trade 20/20-6:
After FO without signals there formed a good classic S2 with small risk of only 10p. I didn't take AIMS break but AIMS-high of FO-candle. SL was set and trade was running nicely so I decided to take some tea. While in the kitchen, I missed that good add-on oportunity. Anyway, I let my trade run and exit-rule was green gator or AIMS. At exit-level, both rules fell together which was a very good spot.
Trade 1/20-7:
This AA-Fruit looked very promising with its small risk and possible origin of the LO breakout to the up-side. At LO volatility increased dramtically and for 3 or 4 bars it looked like it would go up further, but it didn't. I didn't exit at that fruit on top of the up-spike because we were not in stage 3 yet. I actually exited as signal-fruit broke (=>SAR into Trade 2/20-7).
Trade 2/20-7:
SAR-Breakout of Trade 1/20-7 which was below red gator, so it was valid. Unfortunately, I missed that lovely presceeding down-fruit by fiddling around with PO. It moved so fast that I could not even place a market order near proper fruit-entry level - it was already 10 Pips away. Fortunately I had already placed a PO for a possible SAR of the fruit which got triggered nicely without slippage. As possible target (H1 lower AIMS level) was still rather far away, momentum was high and there wasn't a pullback which formed an AIMS-level, I decided to add on at break of 3rd red bar ("Blue Light Special"). It was one of the rare occasions where I closed trades manually as it bounced back from H1 lower AIMS-level.
Screen time LO-session 8:00 - 9:30 (GMT+2) M1 DAX only - LIVE
Today's during LO-session, DAX moved rather slowly but, at least, smootly. I've used a very small AA-Fruit to enter long which started my campaigns.
Trade 3/20-7:
Initial long-entry was the above mentioned, very small AA-Fruit and I added on twice at the next AIMS-levels. I handled add ons according to normal exit rules and closed them by trailings AIMS. The init trade was handled differently: as I didn't want to miss a possible long-breakout at LO and risk of that position was tiny with not even 6 Pips, I decided to let that trade run if possible through LO. It worked out nicely and I could take full advantage of LO breakout to the long side with even one more add on at break of AIMS (SAR of Trade 5/20-7). I exited remaining positions by trailing candles and below fruit at a very good level.
Trade 4/20-7:
Low-risk attempt at a nice down-fruit to catch a possible reversal while Trade 3/20-7 was still running. Failed at init SL.
Trade 5/20-7:
Next attempt at tiny counter-fruit with one add on. Was happy to catch a low-risk entra to down-side before LO as well because that way I was prepared for LO breakout in any direction. Add on was exited as bar went trough and closed at opposite side of gator. Init trade was exited at init SL (=> SAR into add on 3 of Trade 3/20-7)
I'm really happy about my trading and result today but I have to be careful to stay focused after first breakout trade at LO even if it brings good profit. Today I missed second time in a row the big pullback after first breakout although there were good signals on both days for that reversals. Made nice Pips yesterday and today but catching those following reversal would have paid off massively. So lesson for next days is to stay focused until I quit my session.
Screen time LO-session 8:00 - 9:30 (GMT+2) M1 DAX only - LIVE
Today was an erratic start of my session at Frankfurt open and therefore decided not to take that unclear down-fruit at second bar. In hindsight it was a bad decission but while trading live it was, as mentioned, unclear. My first trade of the day was a bit later a nice breakout =>
Trade 6/20-7:
After this initial down-move and a period of consolidation, there had formed a good seddle point. I placed POs in both directions and as the short-entry got executed, I deleted the long PO. Price went down nicely after entry and I decided, not to exit by trailing candles as PA had indicated. Exit was at AIMS but not too clever. Reaseon for letting it run was that I wanted to have a low risk entry for LO breakout but it was too early (entry 40 minutes to LO) as I have noticed later during analysis. Anyway, it was a very good entry and an exit according to the rule.
Trade 7/20-7:
As time came closer to LO I was looking for entries which could possibly be in direction of LO breakout. Signal was not the best because it showed up inside AIMS-box but risk was reasonable, so I took it while Trade 6/20-7 in other direction was still running. I added on at the next AIMS-level. Exit of add on was at next opposite AIMS-level and exit of initial trade at init SL. So far so bad: in hindsight exit of init trade was too early because the proper and logical level for SL should have been below the low of the down-move only 3 or 4 Pips further down. I took it into consideration when I placed PO and SL for it but I rejected the thought because SL was a bit far away anyway. So, there would have been 2 options of high-quality trading: 1. not taking the trade because SL is too far or 2. taking the trade with bigger SL and truely and deeply accepting risk. Because I took none of the 2 good options, I give me DS = 0 for that.
Trade 8/20-7:
Was a tiny AA Fruit while Trade 7/20-7 was still runnning. It went down nicely but, as already practised at Trade 6/20-7, I wanted to take advantage of small risk entry in direction of a possibel LO breakout and I let it run although several exit signals showed up. Unfortunately init SL got triggered only 4 minutes before LO (=> SAR into Trade 9/20-7).
Trade 9/20-7:
Breakout trade (SAR of Trade 8/20-7) a few minutes before LO with SL below entry candle. Add on as SAR of Trade 10/20-7, after LO-breakout at break of LO-candle. During the following up-spike, there appeared a counter-fruit which was an indication for the following down-move. I already had a short PO below fruit but canceled it as fruit got invalid. I exited at down-push at red gator.
The entry of both positions broke several rules just to get in a position for LO breakout so DS = 0 again.
Trade 10/20-7:
Counter Fruit with very small risk as I like it but it failed only 1 minute after LO => SAR into add on of trade 9/20-7:
Trade 11/20-7:
It is a rather often happening occurence that DAX reverses at LO after a spike in one direction and moving strongly in the other direction. The reversal spot didn't offer a proper signal but the break of the next AIMS-level was a valid entry. SL was a bit tricky but I place it above green gator. Add on was at break of M5 AIMS level (with slippage). I exited both positions at that nice up-fruit.
Trade 12/20-7:
After that good down-move, DAX went into consolidation, AIMS box stepped up and formed a nice S2 in direction of the trend which I took. It went down with pace for 2 candles and formed a big angle without a fruit so I decided to trail candles. It was a bit protective because I had paid some rents before LO but it was ok anyway.
As conclusion I can say, that LO breakout and reversal was traded very good today. I stayed focused and took entries and exits according to my plan and in tune with the market. In contrary, the FO session was not good at all. I need to handle trades (espacially exits) in the now and should not speculate too much in view of LO breakout.
Michael you have proven to us all that M1 and just two hours of trading the london open is far more than enough to make a decent living from this game. AIMS The Fruit is changing our lives and you are surely on the right track. i know the journey has just begun but what a start you have. I congratulate you one more time. Wish you more happy months like this. Consistency is not a milestone its a process and life long enjoyable process.
Have a great weekend!
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.
Posts like this are so inspiring. I have had a few issues with my trading of late, and placed the cause at my own feet. Your success shows absolutely that the method is very successful for those who implement it correctly. Although already committed to making AIMS a success for me, you have provided further inspiration for me for the levels that can be reached.
Fantastic effort and congratulations. I am very happy for you
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