The Original Grant's Flow Chart [The Hunt Entry Setup Flow Chart]

[immy]

The Original Grant's Flow Chart
[The Hunt Entry Setup Flow Chart]

In order to Validate an AIMS The Hunt Entry Signal we apply the following 4 Rules.

Rule 1: Is there a new higher/lower peak on eWave?

Explanation: This ensures that there is an impulse wave that breaks out of a tight range. If Gator is sleeping and price is inside box, price breaks out and then retests the range. That’s where you’d see eWave cross of ZL and create a small peak. The monarchs happen here.
This rule is not encoded into the entry signal indicators. You will have to use the Mark I Eyeball Indicator to validate this rule.

Rule 2: Are there dark bars on eWave?

Explanation: The signal must be created within the darker bars on eWave. This shows there is a correction after an impulse. This is often near the fresh cross of ZL on eWave creating the monarch setup. The best signals are bounce of green line, red line, and/or bounce of previous Box Level that it broke recently. It may bounce off other important S/R levels.
This rule is encoded into the entry signal indicators.

Rule 3. Is the seed on the correct side of purple and gator?

Explanation: The Seed/Cherry must be close to gators with an open mouth, the green and red line must be separated, and the Seed/Cherry must not be above it for shorts and below it for longs. Seed/Cherryare only taken when going away from purple line.

This rule is encoded into the entry signal indicators.

ABBC3_OFFTOPIC

AIMS Gator, Grant Version, has three lines, the green, the red and the purple. Gator is Open to Upside when Green is above red, red is above purple. and it's open to downside when green is below red and red is below purple.

Rule 4. Is the seed within the limit of 10 pips (for M1 and within the limit of 1 or 1.5ATR for all other time frames) ?

Explanation: This rules ensures that we take hunt signals that provide the highest potential for higher Risk Reward. The smaller the seed the more potential profit. There is a higher probability of price hitting a 20 pip target than there is to hit 40 pips. Agreed. This rule is encoded into the entry signal indicators.

[naqviimran]

Hi,


Where to find Mark I Eyeball Indicator? How to use it?

With respect to Hunt, I have two doubts:

1. When we try to search for "Target Zone", it only implies that we are trying to catch the fifth wave. Consider that we in the third wave on M5 and there is a second pullback, and we find a cherry. We go on M1 and see that we are in the fifth wave. Is this a valid Hunt setup?

2. I took a trade where there was a seed on M5 on the first pullback of a possible THIRD wave, I went down to M1 and took entry at the break of the AIMS level as a classic Setup 1 entry. Where did I go wrong? Charts attached.

[immy]

Hi,


Where to find Mark I Eyeball Indicator?

Its located in the upper portion of your body, most precisely at the front of your skull. It has two parts one to the left and one to the right but both located at the front of the skull. Both indicators work injunction and create a visual picture of the world around the human body.

How to use it?
Use it to SEE

With respect to Hunt, I have two doubts:

1. When we try to search for "Target Zone", it only implies that we are trying to catch the fifth wave.

Answer: Its not an implication, that is the "objective" of this exercise. We don't search for Target zone, rather we simply draw it when its there.

Consider that we in the third wave on M5 and there is a second pullback, and we find a cherry. We go on M1 and see that we are in the fifth wave. Is this a valid Hunt setup?
Answer: Firstly, that is NOT the practice we should follow. We trade Hunt on the time frame it generates signals. That exercise is just to show the fractal geometry of AIMS setups. Having said that, if you find a cherry on M5 you'll ideally see a Wave 4 on 5XLTF that is m1. If you see that its already showing a 1-5 completed then the probability of the cherry signal drops. but during strong trends it tends to move regardless. However in the interest of objectivity I will filter this cherry. There will usually be a divergence on the M5 eWave/ AIMS wave as well.

but first things first, this is not the way to trade Cherries. In your question, i'm not sure if you're asking whether the m5 cherry is valid or the m1 setup is valid.

Consider this example on AU H4, there is a Cherry. (right click open image in new tab)

2016-08-31_10-52-59.png

2. I took a trade where there was a seed on M5 on the first pullback of a possible THIRD wave, I went down to M1 and took entry at the break of the AIMS level as a classic Setup 1 entry. Where did I go wrong? Charts attached.

Answer: First things first, this is NOT the way to trade Setup 1 or the Seeds. You should trade them on the time frame you see them, however if you like it this way, it most probably will work. I won't use this mechanism for m5/m1 as I don't have time but on h1 i can use MTF analysis to filter setups. I'm always after CDLC (Creme de la creme) (thanks moty)

In this particular picture you've posted the Entry Signal is correct but Entry Setup is not CDLC. The price has moved too far too fast away from Zero line and gator, on its first pullback, AO has already peaked high. Note this following observation/guideline, though its subjective.

ABBC3_SPOILER_SHOW

The higher the peak of eWave the more darker bars you need before taking a signal. So when its close to ZL and freshly going out of the gator's mouth, (monarch setup) even 1 dark bar is enough but as the AO grows bigger we often ignore the first dark bar.

Personally, where the seed appeared on m5 chart, i won't take it. I'd rather be looking for seeds after a fresh breakout, a breakout that has not moved/covered the entire range of a wave 3.

Consider this example on AU H1 again

2016-08-31_10-46-44.png

[immy]

Check these charts. A Nice Cherry long on DAX D1 went nicely, but the next Seed might have looked like just like this signal to a new eye (in experienced new mark 1 eyeball indicator hehe) but look under the bonnet and you see the engine was old and rusty.

Correction: on the chart its says, "this one was iffy" it should read "these ones" as I mean all of those signals

[immy]

If you translate something from English into a foreign language and then ask another translator to now tranlsate that text back to english chances are that they might use completely different words and sentences and may even convey the wrong message often the complete oopposite. But that is NOT the case when we translate Grants Hunt Flow Chart back to S1 Flow Chart.

I assume you are aware that Grant created a Flow Chart for our Setup 1 which made things more objective and a lot simpler. Later with experience and chart time he then reduced that series of questions into 4 meaningful questions that are the basis of THE HUNT system.

What if we were to reverse the process and now translate Grants Hunt Flow Chart into S1 Chart.

Grant Flow Chart for Hunt Signals
Q1. Is there a New Peak
Q2. Is there a pullback (dark bars on ao)
Q3. Is gator and purple correct
Q4. Is Risk acceptable (in pips relatively)

Grant Flow Chart Translation into CDLC S1
Q1. Is there a new peak on AO (Wave 3 on eWave)
Q2. Is there a a pullback and cross of ZL ( AO Cross of ZL against the Previous Peak W4 on eWave)
Q3. Is purple correct [This means purple is just outside the box but not too far and gator is sleeping]
Q4. Is gator within tight box and risk is acceptable? [Look for Inside Boxes]

When you see Hunt Signal on Current time frame, chances are that the above set of 4Q will create a Valid Setup 1 on 5xLTF

Often Setup 1 on CTF will be a Cherry/Seed [Hunt Signal] on 5XHTF.