THE NEW Strategy --- THe iMi Method

[immy]

Darren! You posted a picture of the Dow on friday and wish we traded that. Look at the D1 chart before this trading day. Not mention that Wave 5 on d1 was completed ages and ago and the WHOLE market was waiting for the crash down. Its gonna be interesting on Monday.

[The Summer months are over.... indeed]

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H1 produced a 400 point winner. I wont be exiting just yet...

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[immy]

For the purpose of simplicity we will restrict ourselves to 2-4 markets however we need to understand this important concept.


And copy this from the grand master who taught me this technique.

I asked if the inside bar method is still viable in todays markets as it was 15 or 20 years ago when he started it. He said,

"I use this method all the time.

When the markets are strong enough to warrant it. Like the GBPJPY right now. (Jan 2016) Can't get enough! That's the kind of move you want when you are trading DIBS.

Immy: I attach the chart below of the time he was referring to. Its a Chart of GBP/JPY on the daily time frame.

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Low risk entry points in definite trends. How simple.

Later in another exchange, I asked about whether we should follow higher time frame trend or just stick to what happens today, I wrote,

"Do you take trades in the direction of a higher time frame trend, e.g. the daily time frame or do you take signals regardless and then let them run and if they do turn into a trend you just keep letting them run and run? "

He Replied:

"You asked THE question that makes the difference.

The markets that have the strongest trends are the best candidates for trading. So I am always looking for the strongest possible markets to trade.

Whether that market is the British pound or cotton, US Tbonds or sugar. The majority of my capital goes at risk in the strongest/weakest markets. ONLY.

in another Q&A years before he once said,
"I still watch the 4 majors (USD/JPY, USD/CHF, EUR/USD, GBP/USD), and sometimes the Pound/Yen.

I tend to focus on the ones in the best trends and then, lowest costs of trading- in that order. If a market has a better trend but worse costs, I will move up in time frame to 3 or 4 hour charts to compensate. The trend is who pays you. "

We can deduce from this that we should chose the markets that have a clear Daily Trend be it the Indices, Commodities or Currencies. Looking at this, you'd really actually have ignored Cable and Euro past 3 months. One option is to just stick to your chosen pairs and if they are in sideways on dailies, just keep taking swing trades 100-150 pips winners. And when they start to trend again, then try to convert those winners into big winners by using a trailing mechanism on the daily chart.

Comments?

[Darren]

Great posts Immy - thanks! ^:)^

The problem I had the last time I tried the Seed Box was trading when there wasn't a trend, but I do like the idea of taking swing trades of 100 - 150 pips winners when there isn't a strong trend and letting them run longer when things change. This is something that will improve with experience. ?

I shall try to post charts daily. :-bd

[immy]

Yes Darren, I've created this "hidden" section so that pp and you and can post your "intimate" shots... I know its not easier to do things in "public" forum. May be this will help. once you master it, may you'll go in the forum and TEACH it to others... i hope...

[Darren]

I hope so too!

Not the best start as it should have been a profitable day had I traded UJ correctly. As discussed in Skype I took the FO short on UJ which rented then the long PO rented in the same hour. I missed the 13:00 seed.

2016-09-12_1932UJ.png

Nothing on EU but on GU I took the 15:00 seed short which I paid rent on, then the long PO opened and became a FT. SL is currently at BE on the 2nd half as it has made nearly 3:1. Lets see what happens tomorrow!

2016-09-12_1933GU.png

[immy]

Nicely traded Darren, we know what happened on the UJ trade and this GU one was good. For me it was pretty clear that I won't have taken a short but long was a yes for but i was not around. Usually I'll keep my SL where it was to enable turning it into a big winner but I think that candle that went all the way to touch the entry level and went up as Bullish Outside bar warrants your SL move to BE. its a profitable trade now. We know that our main pairs are NOT really trending so we ought to be looking for smaller profits and remain patient. When they start trending, is when things get interesting.

nice... @pp, want to see your trades mate.

[ppandekar]

Trades for week starting: 12/09/16

1. Rent on UJ..NEXT

2016-09-13_14-25_GKFX-Live.jpg

2. BE on GU

2016-09-13_15-38_GKFX-Live.jpg

3. Rent on UJ...NEXT (made error in buffers)

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4. BE on GU

2016-09-14_23-38_GKFX-Live.jpg

[immy]

Pretty good trade on GU, well managed. Lets keep doing it. Big trades can happen this way... next one is round the corner.

[immy]

I took this Seed long today. Don't usually trade UCAD for this method but for some reason it just popped out and I took it confidence. IT was clearly moving, and it was showing structure. Took profits just shy of TZ1. Thought I'll just turn this one into a day trade instead of letting it run to turn into a swing or daily trade.

[immy]

In this post I'd like to share how we can trade in line with principles of AIMS and eWave using the box and price only.

Picture does a better job as always so. here is the first one.

how to plot TZ1 without eWave.png

Alternative way to count the TZ1 and fib retracement

how to plot TZ1 without eWave2.png