Mon. Jun 08, 2015
Screen time FO + LO-session 8:00 - 09:30 and 11:00 - 11:30 (GMT+2) M1 DAX only - LIVE
FO was very smooth today with a lovely opening setup, which I missed for some reason
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LO-session started with big up and down candles which made it a bit hard to follow market. 3 SARs were necessary to catch the longer up move. I quitted after catching nearly the whole walk through the M5 box but came back for making screenshots where I saw that beautiful setup for a beginning w5 down a few minutes past 11:00 chart-time. I took it (Trade 15/20-13) and it tourned out to be a picture book w3-w4-w5 cycle with respecting all fib levels (38.2%-50.0% fib ret, 61.8% fib exp) like in the manual of R. N. Elliott ;-)
Trade 8/20-13:
Missed our setup at FO but was able to catch the classic breakout, which was a perfect add on for that (not taken) fruit entry. Exit was at 2nd counter fruit as price was stalling. Ended with a small profit.
Trade 9/20-13:
Counter fruit with good angle while previous short was still running. Add on at next AIMS level. After it went through gator it formed a series of counter fruits but all without angle, so I ignored them as exit because I was heading to green gator or AIMS. I trailed AIMS levels and got kicked out by a single, sharp down spike with small profit again.
Trade 10/20-13:
Fruit with only small angle but small SL as preparation for LO breakout. It seemed to go down with pace but returnes right at the 2nd candle so it got exited at initial SL level as the fruit failed with small rent.
Trade 11/20-13:
2nd, now better counter fruit with bigger angle with small SL a few minutes to LO. It went down sharply at LO but bounced back and kicked me out by 1 or two pips before it fell down again. Rent. I SARed there into Trade 12/20-13.
Trade 12/20-13:
SAR of previous Trade (Trade 11/20-13) at break of AIMS. It returned immediately and rushed into initial SL at lower AIMS-level/opposite side of gator (=> SAR into Trade 13/20-13).
Trade 13/20-13:
Another SAR entry after break of lower AIMS. It started to get a bit challanging to take SARs in that short period of time. This time it worked out better. It moved down and returned with a nice counter Fruit where I exited the short with small profit and SARed again into Trade 14/20-13.
Trade 14/20-13:
Very good counter fruit with big angle. Is a typical situation for LO breakout: it breaks out in one direction, moves a reasonable amount of Pips and the in returns sharply into an even bigger move in opposite direction. We were lucky that market formed that good up fruit signal to give opportunity to get into that long trade. Handling was mentally a bit demanding after it went through gator quickly but retraced to gator again quickly as well. As it didn't seem to proceed into stage 3 clearly I decided to place stop-level 2 Pips below the upper M5 AIMS-level which looked like the top of the range, after it broke that level. In hindsight it turned out to be a very good spot to exit with good profit.
Trade 15/20-13:
I came back after a break to make the daily screenshots. As I turned on chart again, there showed up a great wave 3-4 pattern. DAX retraced in the range between 38.2% and 50.0% Fibonacchi retracement and offered a good lower AIMS level as well. I took it and placed my TP some points above 61.8% Fibonacchi extension (=TZ1). Unfortunately TP got not hit by only a few Pips but a counter fruit offered a good exit with nice profit. As mentioned before, it was a picture book example of Elliott Wave analysis.
Trading was real fun today and I'm rather pleased with results as well. I am simply not able to be as selective by taking entries than other fellow AIMSters but I'm happy nevertheless ;-)
Trade 8/20-13: DS = 1, SL = 12.5, Result = + 10.6 Pips
Trade 9/20-13: DS = 1, SL = 10.8 + 16.6, Result = +7.1 + 0.9 = + 8.0 Pips
Trade 10/20-13: DS = 1, SL = 9.8, Result = - 9.8 Pips
Trade 11/20-13: DS = 1, SL = 10.3, Result = - 10.3 Pips
Trade 12/20-13: DS = 1, SL = 26.1, Result = - 26.1 Pips
Trade 13/20-13: DS = 1, SL = 19.3, Result = + 3.0 Pips
Trade 14/20-13: DS = 1, SL = 20.2, Result = +46.7 Pips
Trade 15/20-13, DS = 1, SL = 25.9, Result = + 18.5 Pips
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Today's result: + 40.6 Pips , DS = 8 / 8 , 2.00 hrsYou do not have the required permissions to view the files attached to this post.
