The Fruit - A Powerful Trading Strategy [Archived]

[immy]

Long trade on Gold brought to an early end but it was well timed. Is it LUCK?

THE SHORT TRADE WAS OBVIOUSLY COUNTER TREND INTO THE PURPLE WHICH I DID NOT PLOT ON MY FRUIT TEMPLATE AT THAT TIME.
Anyway, i spotted the fruit off the previous lows and purple so i took a late long there as well. What I did wrong was I should have taken the short out at BE. Instinctively my analysis was that gold is not really going up and only creeping up a bit. Experience tells that when its supposed to go, it goes in style, specially Gold and Sterling.

29-06-2016 22-41-29.png

Cable

Just like the Gold above, i was long on GU as well. I already knew I'm going against the longer term trend but really that did not matter in this instance. Because price has moved too far too fast and we really don't know which way it will move from here. But the breakout scenario on the "saddle point" was ideal purple was still away. It went up and bounced against previous "traffic area". I thought it was good to take profit intra-day these days as I'm not comfortable what happens while I'm not watching

29-06-2016 22-46-08.png

[immy]

What magic have you done to display purple on fruit template ?

I know, its weird but after careful deliberation I've found that there is "magic" in this format, this pattern. It keeps me in line with HTF trend and whether its trend reversal or continuation, breakout entry or "peak of a trend" entry.... you gotta analyse Trend on CTF and HTF that's the best way forward whether its The Seed, The Box, The Fruit or The Setup strategy.

[immy]

USD/JPY
EUR/JPY

A Fruit / Apple Short Forming (Bearish Outside Bar)

AUD/USD similar type of BeOB Fruit formed on friday, its worded pretty good so far.
USD/CAD Staying away from this one

Gold: what a fantastic 1-5 patttern on its D1 chart. its boucned off the highs and the fruit at the peak produced great shorts. lets see where it goes. However today, it bounced off the high of the previous 3 of 5.
Silver going into gators mouth after creating a strong 3 up followed by a thin nose Scooby

Indices: Ftse S&P and Dow might see some correction over teh next few days.
Dax is Rubbish

AUD/CAD similar to AU had a good fruit short last week.
The CAD/JPY monthly chart is a good strong down trend. each time it pulls back, creates a scruffy weekly and daily chart patterns. e.g. if you check the Weekly chart now you'll see that wave 3 is diverging. and that was after a scooby that formed the 4 of this 3 down. this pattern is more explained on D1 chart. Price always moves sideways into either a tight or wide range after a strong move, say wave 3. Cad Yen D1 chart from end of 2015 is a good example. Strong 3 down and then its been just up and down the whole of this year. followed by brexit spike that completed the 5 down.

EUR/NZD we had a VERY GOOD short campaign on this one. got out on close of green on the 14th of July with 1330 + 1010 + 990 pips. massive winner. Wish i had more add ons... 8-}


NZD/CAD produced similar fruit on the same day of AU fruit last week and its going down STRONG (weaking rather) a perfect Fruit Pattern. Must have a look at this chart

[immy]

The Fruit Strategy can and should be applied to Commodities and Stocks. IT works really well on these markets but again, we should be trading hte Daily/Weekly charts. Here is an example of D1 Chart of eBay.

27-07-2016 21-51-53.png

Important Point about Starting Fruit Campaings

Focus on Starting Fruit Campaign from The Saddle Points. We don't take Saddle point breakouts any more, instead we take the Fake out Fruit signals out of a sleeping gators mouth when its a saddle point.

Which also means that we don't trade Box Breakouts as we used to do them, using the saddle point. We will initiate a new trading campaign using the box breakout in two situations
1. A Clear Wave 3 followed by a tight sideways wave 4 and create that classic Setup 1. where its on the right side of purple but we don't use purple on fruit template as default but you can use it if you like.
2. We take the Second Box level out of gators mouth, by then Gator is Open. We can use this if we did not get a Fruit entry from a sideways market and we don't know if there is a clear 3 there.

Please read the above and amend your trade plans if you have to. Any questions welcome.

[ElBarto]

As I'm trading Fruit, I'd like to implement those adjustments. But, I don't get them, yet.

Could you please post some additional screenshots, Immy?
The Fake out Fruit can be seen pretty clearly in your eBay-Chart.
But what about situations 1 and 2?

"The Fruit Setup" out of the Fruit ebook is still valid, I guess?
Your mentioned changes only replace the second method, "The Classic Setup"?

[immy]

As I'm trading Fruit, I'd like to implement those adjustments. But, I don't get them, yet.

Could you please post some additional screenshots, Immy?
The Fake out Fruit can be seen pretty clearly in your eBay-Chart.
But what about situations 1 and 2?

"The Fruit Setup" out of the Fruit ebook is still valid, I guess?
Your mentioned changes only replace the second method, "The Classic Setup"?

Hi

I know you trade fruit and you are trading them really well. There is no CHANGE. Let me be clear about that. Its the same old way of doing it. But observing some peoples trades I'd like to "Clarify" that with Fruit Strategy we don't just trade every signal or take every breakout.

We don't trade the Saddle Point breakouts where we looked for a tight sleeping gator and then bracketted it. Rather we take breakouts into the next wave. We want to catch breakouts only when the price to moves in one direction then consolidates, (wave 4) and then breaks out again, we can catch this by either The Apple Fruit and/or the breakout. If we don't get the apple fruit we want to take the breakout where gator is already suggesting a direction. We want to gator to open up. I'm not saying that it will be invalid to take a setup when gator is sleeping and going into wave 5 though. What i'm saying is that if you're trying to get into a trending market wait for the Box Level that is out of the gators mouth and clear of the levels to the left and still not too far from exit levels.

Remember with fruit strategy we DO NOT focus on Fruit Entries only. In fact 50% of my trades start from the Box Breakout usually into wave 5's and sometimes into wave 3's when 1-2 is clear to me.

The Fruit setup is simple, it HAS to have the angulation. It has to be completely out of the gator's mouth.
The angulation in corrective waves will always be less than in reversal of impulse waves. Hence apple angulation will be less but we should always look for at least some angulation. I'm not suggesting things like close to purple or 50% retracement etc. that just complicates things. We want us to be free of extra analysis, which is the only way to keep it simple.

The Breakout Setup is also simple but remember that Higher Probability Trade Setups are Breakouts in the Direction of Higher Time Frame Trends. So e.g. you're on h1 and D1 is down, there will be times, "not all the times" on h1 chart when the breakout or fruit trade in the direction of the daily trend will always be higher probability but when prices have stretched away from the gator on D1 and you're still looking for trade in that direction then it might not be higher probability. We can't be doing this MTF analysis for all the trades on m1/m5 but we can do that on h1 because it would take an extra minute that we can afford on h1 but its equal to Full Candle on M1 and we can't do that there. H1 is better than m1 and D1 is better than h1. Period. I trade M1 fruit because it gives me great practice . Its not as much profitable as i "once thought" it would be but its still good. The biggest luxury is that you can trade it for any period of time of YOUR choice and stop and MAX is 2Hrs. because after 2hrs of concentration you will just get tired and start making silly mistakes. I usually burnout within an hour.

I don't think I need to attach pictures here as I'm not introducing any change or something new just reiterating to myself/and the rest of you that its simple and that we don't take all the signals. But we do take the ones that follow most rules and we also have a few other reasons supporting it such as how you feel that day and how the market is behaving that day. etc etc.

[immy]

The Box 2016 Show/Hide Feature helps me see the angle better. And at times i want to really see what price is doing and other times I want to focus on Gator formation and price in relation to gator without interference from Box pattern. Love it. Thanks Steve

[immy]

Range Low Risk and High Reward

[kooky]

Hi Immy,
"The Box 2016 Show/Hide Feature helps me see the angle better
I gather this is another Skype only feature as I havent seen it ????

[ElBarto]

I see, I missunderstood your initial post completely, Immy.
Thank you for your detailed reply.
It answered my (further) questions and I took some new insights out of it :-bd .