AIMS THE Hunt - Q&A

[immy]

Peter Asks a Question...

[16:01:12] Peter Adamo: Hi Immy, I don't want to bother you with dumb newbie questions. I am currently grasping the methods and plan to complete my trading plan. I want to focus on the new template. Nice and easy. But here is my thick headed question. Regarding the seed/cherry signals I thought from my reading that these were based on higher time frame signals (ie seed or cherry from higher time frame like 5 min dax), then switch to 1 minute to trade (assuming ewave and all other criteria met). Do you still have a higher time frame chart open. Do you take seed/cherry signals printed on the 1 minute. Sorry for the newbie questions.

[16:03:37] Immy - AIMS: to date, we have not taken trades on m5. Not in the last 4 years. may be more.
[16:05:27] Immy - AIMS: Its always been M1 in the direction of m5. Now with the Hunt. we have AIMS channel which will keep us in line with m5. Having an m5 chart for a quick look for over all trend is a good idea. or with this template zoom out once or twice and you'll see what's happening. Be in line with eWave on m5 and you'll never get it wrong, in terns of trend
[16:07:45] Immy - AIMS: Setup 1 is created when The Box, The Gator and AIMS AO, are all in line, i.e. rules pertaining to these 3 indicators are ticked. As in Grants Flow Chart for Setup 1. But when we found and established after backtesting and forward testing on live accounts that Seed within trending markets = Setup 1 within trend on 5XHTF, things changed. We now know that the Seeds/cherries printed using our current indicators automatically takes care of Setup1 and Apple and fruit entries. We have squeezed 5 years of knowledge into two 2 candle formation.
[16:08:59] Peter Adamo: So all seed/cherry signals taken from 1 minute chart, in line with the overall trend
[16:09:57] Immy - AIMS: the thing, is, when I sit at my desk at LO I don't care which way is D1, H1 m15 or m5. All I want to know is.
1. Is the market going to spike at LO
2. If it does spike does it go in one direction or does it go one way first and then the other
3. When there is a spike that takes price out of the channel, and eWave starts to make a peak I wait for pullback. that's my trade. Click AUTO on ATM or wait for signal and Take the trade. Let Auto Trade manager mange my trade and say thank you thank you thank you. its 80% automated.
[16:11:10] Peter Adamo: very simple concept. I love it
[16:12:59] Immy - AIMS: I believe that there is new information every morning. Indices are different to Currencies. currencies are like a battery of Dials inside the pilots cockpit of the older planes. They all indicate different stuff about the same plane and environment around the plane.
[16:14:15] Immy - AIMS: its like several ships within the same sea. the ocean is full of Water (dollar) , salt (euro and yen) and other shit (all other currenceies)
[16:15:11] Immy - AIMS: its one pool. when the big boy jumps into the pool, everyone feels the wave. when there is blue whale around, the krill must be eaten...
[16:16:09] Peter Adamo: You have a way with words
[16:16:22 | Edited 16:16:54] Immy - AIMS: Indices are based on the performances of corporations that exists with might. Even if you hate BMW's (not possible) you would like to invest in it if their cars are selling like hot cakes.
[16:18:46 | Edited 16:19:00] Immy - AIMS: hence, indices MOvE differently in terms of bull and bear trends. Bulls are confidence and Bears are full of fear. humans run faster when they are scared and walk slow in style when they are confident. Markets tend to move in the same fashion. when its a strong up trend its often a good 45 degree ascend but when it reaches the top, its often like a waterfall. (2008)... because they are scared and diving off cliff to save themselves.
[16:19:15] Immy - AIMS: but for us, its again a different game.
[16:20:16] Peter Adamo: DAX really is a beautiful market. Nice movement. Currencies tougher trying to find the right pair to trade each day.
[16:21:44 | Edited 16:22:31] Immy - AIMS: we sit and watch SEEDS germinate... we catch it right at the start, and eat the "sprout" which has the most nutrients and we are done. we don't wait for months and years to eat the fruit. we want the fresh sprouts... A freshly sprouted seed is 10 times more nutritious than a dormant seed. so we trade at a micro level... we are the bacteria inside the blue wales tummy... it does not matter to us whether the ocean is having a calm relax time or is it like the arctic storms wild and cold and dangerous. we are inside the ocean inside the whale... (rofl)
[16:22:27] Peter Adamo: Great...I need more fibre in my diet
[16:23:03] Immy - AIMS: 2hrs a day, makes more money than 8hrs a day. how nice is that?
[16:23:45] Peter Adamo: Wonderful
[16:23:57] Immy - AIMS: in my family and friends.. they know one thing, you can call me, see me, invite me anytime during the week the whole year but not between 8 to 10 am Monday to Friday. that's when I PLAY.
[16:24:53] Immy - AIMS: 5% a month. that's all we need to make a killing in markets. how easy is that using our strategy? you can do that with only 80% discipline, per T20 of this strategy.
[16:26:34] Immy - AIMS: time and again I have proven with new traders and consistently losing not new traders who applied the T20 principle. they manage to get 7-14% growth per T20 while managing only 80% or less score. ideally if you keep a DS of 90% you'll make 10% per T20.
[16:28:07] Peter Adamo: It is an excellent exercise and great way to keep track
[16:28:52] Immy - AIMS: NO ONE WILL EVER BE SUCCESSFUL IN TRADING WITHOUT TWO THINGS
1. Having an Edge (you have it now)
2. Discipline (Discipline only comes when you monitor your performance, you cannot monitor your performance if you don't have goals, you can't have goals if you don't have a plan)
[16:30:38] Immy - AIMS: If someone had told me , the above, 7 years ago, (in a way that I understood it, because I don't know may be I was told but perhaps due to lack of understanding my mind decided to ignore that information) I would have become a world class trader by now. But I'm on the right path... Hope you carry along
[16:31:20] Peter Adamo: Shit....computer bout to die. Will get my charger. Off line for a few minutes. Right back
[16:31:54] Immy - AIMS: and I cannot repeat it enough times. As long as you focus on trade by trade success or failure you're not in the game yet. Trading is not about winning or losing. its about consistently applying a trading plan that gives you an edge. Its all about discipline.

[16:32:12] Immy - AIMS: I'm done !!! Saturday service concludes...

[zlabis]

Immy,
what wise words and great metaphors. It's really eye-opening again. With "The Hunt" strategy you, the other two guys of SIGnal-team ((c) Kieran) and all other contributors have raised simplicaty of trading to a new level. Now we don't need to focus too much on decission process of each trade but mainly on keeping discipline as high as possible.

Thanks again Immy, Grant and Steve
Thanks to involved AIMSters as well

BTW: The 20 Pounds per month for Skype AIMS group fee are truely a very rewarding expense ;-)

[bluediamond81]

As always, great lessons from Master Immy!
Simple and concise!

I'd like to quote this once again to remind me:
"Immy - AIMS: NO ONE WILL EVER BE SUCCESSFUL IN TRADING WITHOUT TWO THINGS
1. Having an Edge (you have it now)
2. Discipline (Discipline only comes when you monitor your performance, you cannot monitor your performance if you don't have goals, you can't have goals if you don't have a plan)"

All the best to our Aimster Guild! :-bd

[immy]

Thank you Lam and MZ! Appreciated...

Peter... I forgot to say one thing ...

regarding your Question. Your understanding of the concept was not correct. I know where you got that from. Yes, from the forum you were part of in the past. It was there you saw a signal on one time frame and dropped to another to trade it. That to me, is just flipping stupid. I firmly believe in sticking to one time frame for entries, and exits. Yes, you can analyse the trend of 5X HTF may be even 5XLTF if you want but you must keep to one time frame for entries and exits otherwise you're in deep stinking stuff...

Cheers

Really Keeping it simple... All we do is find the signal, apply the two filters and then let trade management automation kick in. STRESS FREE in true sense... go have a cup of tea...

[petera]

Hi Immy

Thank you for all your help. Honestly, I've never been a fan of 2 timeframes. I'm more than happy (actually ecstatic) to stick with 1 TF only. Never even used it in the old forum. But thank you for all the clarification.
Now I just have to absorb the methods, work on my plan, etc. But I have to tell ya, I've been part of or looked at other forums, or methodologies. I am 100% certain that what you have built here Immy, far far exceeds anything I've ever seen. Everything an aspiring trader needs to become successful is here. No reason to look elsewhere. You did an amazing job.

Peter

[immy]

Hey Peter...

Thanks for your kind words and I do appreciate it. However I must say, its all the work of Grant and Steve, I am merely the facilitator in this case. So all credit goes to them! I am just grateful I'm part of it. And so are you, one important part of this epic journey!



Note to self:
I was doing some back-testing on a completely naked chart and i went through a patch 17th of sep where I had a a bit of a trouble. Later I put on the Hunt template with AIMS channel I immediately knew that I was looking for signals within the low volatility period. Price was nearly always in side the red/blue channel. you see , when price is inside the channel it means price has been stuck within a 20 point range within the last hour or so. Channel is important so is eWave... don't go anywhere below this. eWave is the pivotal tool!

[Dave]

Hi everyone,
I’m in the final steps of adapting my Trading Plan – preparation for Stage 1 – and I’d like to toe the line from the start! Could I please ask a few questions so that I replicate the actions of the group and can build my first The Hunt T20 in line with the collective mind? I love my AIMS box and I’m fighting hard to strip my charts to the basics so as to make this a discipline exercise, so let’s rip into it! My questions refer to DAX M1, first two hours of LO.
1. What is the current use of a MA indicator, e.g. the alligator (standard or Grant’s) or the AIMS channel? Has this been abandoned entirely in favour of eWave and nothing but eWave? If the channel has been abandoned, is there a current measure of market volatility?
2. How are the settings of The Hunt – Cherry and The Hunt – Seed indicators adjusted when there is no channel and/or no alligator? Filter channel false, filter alligator false, filter purple true?
3. At what point is a valid cherry or seed signal (new peak, colour change) deemed to be invalid and the pending order removed? Break of candle high/low?
4. At what point is a retracement considered too deep to consider a valid cherry or seed entry signal? Is this relative to eWave or is there another rule around purple line? (the answer to Q2 might offer this clue – if we’re using filter channel true or filter alligator true?)
Appreciate your responses!
(And a last question for Immy – given this is The Hunt/Skype, are you happy for trading discussion and examples to be posted in my journal in the main forum?)
Cheers, Dave

[Tomi]

3. At what point is a valid cherry or seed signal (new peak, colour change) deemed to be invalid and the pending order removed? Break of candle high/low?
4. At what point is a retracement considered too deep to consider a valid cherry or seed entry signal? Is this relative to eWave or is there another rule around purple line? (the answer to Q2 might offer this clue – if we’re using filter channel true or filter alligator true?)

Some personal approaches...

3. My EA deletes PO automatically if the price went past initial SL. For example for buy pending order, if market goes down and visits below initial PO SL, EA deletes the PO. However, if it is just a small spike I usually set the PO again.

4. Two approaches here:
A) I observe lower timeframe. When trading 1M, I observe 12 seconds chart. When lower timeframe shows fresh AO cross, tight alligator, peak with fruit, divergence, ABC pattern....something to pile up confidence it's ok for me. Nothing fancy or astronomy level science, but something for confidence.
B) Think like in M5/M1 classic setup trading. When you are trading M1 chart you constantly check M5 to see how it looks. The same thing with seeds but everything is in the same chart. When trading seeds in M1, check M1 like if you would take classic setups on lower timeframe (12 seconds chart). If you would take setups on LTF then the M1 retracement is still good to go.

Hopefully you got the idea from this weird explanation.

[Dave]

Thank you Tomi

[immy]

Hi everyone,
I’m in the final steps of adapting my Trading Plan – preparation for Stage 1 – and I’d like to toe the line from the start! Could I please ask a few questions so that I replicate the actions of the group and can build my first The Hunt T20 in line with the collective mind? I love my AIMS box and I’m fighting hard to strip my charts to the basics so as to make this a discipline exercise, so let’s rip into it! My questions refer to DAX M1, first two hours of LO.
1. What is the current use of a MA indicator, e.g. the alligator (standard or Grant’s) or the AIMS channel? Has this been abandoned entirely in favour of eWave and nothing but eWave? If the channel has been abandoned, is there a current measure of market volatility?

ans: I'd say for your level of trader it would be best to stick to your gator and box and add Hunt signals on top. Then understand the concept of waiting for them breakout out of the "overall boxed" area and then wait for pullbacks... Your EYES , as per Grants way would be fixed at eWave peaks... you'll be asking Question 1. Is there a new peak. Q2. Is there dark tones Q3. ... All 4 grants flowchart questions are "encoded" into the Hunt Indicators... so your job then is to apply the filters. The 3 filters we suggested and any personal that you may have from your experience. Your boxing effect works pretty well with this method. We have squeezed a 5xLTF Setup 1 into one bar/candle formation. Fractal geometry. [/b]

2. How are the settings of The Hunt – Cherry and The Hunt – Seed indicators adjusted when there is no channel and/or no alligator? Filter channel false, filter alligator false, filter purple true?

Ans: if using Gator as above, then purple fitler and i personally like Green filter but red would work too. even just the purple filter would do but then you will have to be good at understanding price action and filtering.

3. At what point is a valid cherry or seed signal (new peak, colour change) deemed to be invalid and the pending order removed? Break of candle high/low?

ans: for Seed if e.g. a sell seed price breaks the high of the seed. but if the same bar closes inside the seed range then its valid. Same of cherry.

4. At what point is a retracement considered too deep to consider a valid cherry or seed entry signal? Is this relative to eWave or is there another rule around purple line? (the answer to Q2 might offer this clue – if we’re using filter channel true or filter alligator true?)
Appreciate your responses!

Ans: as you said it yourself, if you use green line these deeper retracement signals will be automatically filtered. but the idea is to Hit 5 of 3 , and 5 of 5... this little information will always keep you in tune.



(And a last question for Immy – given this is The Hunt/Skype, are you happy for trading discussion and examples to be posted in my journal in the main forum?)
Cheers, Dave

Hope this helps dave ... thanks for the GOOD questions.