THE NEW Strategy --- THe iMi Method

[Darren]

So when you see a TZ1 would you just take shorts in this situation?

[immy]

So when you see a TZ1 would you just take shorts in this situation?

hmmm, depends on the situation. I need the market in overall to show itself to me. "where is price going" "what is the trend" The TZ1 situation would apply only in the situations where we see a clear price move in the past day or 2 of action. as in the pictures in that post. Push pause Push. I guess if you can't count waves on chart , the simple 3-5 count, not the abc's necessarily, then you'll have to take help from eWave. Which would be fine but the more indicators we add the "harder" it gets to take the right trades. another way is if you look at D1 candle and its a strong outside bar, thats when you'll be seeing some pause on the H1 before it breaks the high of hte outside bar. in other words, if YD was FAMOUS, e..g it closed strong, and today it kind of went sideways and did not break the high of YD, then tomorrow we might be looking for that "next push" up, that is wvae 5. now we can draw our TZ1 . basically if you don't have a pullback, you can't draw tz1 can you? TZ1 is NOT for entries, its basically to asses where we might be exiting. Your entries have been sorted, they are simple and straight forward. above and below the open line.

[immy]

On Sunday we get to see the weekly open. Right at the market open time. Or you can consider Monday open as your weekly open. both are fine.

If market is above weekly open and above daily open, its strongly trending in that direction.

weekly open.png

and USE Fib Expansion tool wisely

Zoom out and get the feel for the trend with your EYES. you don't need indicator mate...

[immy]

Nicely done on GU , Mr. Warren Duffet
further to skype messages, here is the pic of the "TWO" gu shorts.

[immy]

On Sunday we get to see the weekly open. Right at the market open time. Or you can consider Monday open as your weekly open. both are fine.

If market is above weekly open and above daily open, its strongly trending in that direction.

weekly open.png

and USE Fib Expansion tool wisely

Zoom out and get the feel for the trend with your EYES. you don't need indicator mate...

Look where UCAD bounced off////

[immy]

Nicely done on GU , Mr. Warren Duffet
further to skype messages, here is the pic of the "TWO" gu shorts.

Darren hope you're happy about my "bring to BE" call... damn it, i should have sent a message to PP as well.

[Darren]

Yep - happy to bring GU to BE

Todays trades.

As discussed in the skype room EU wasn't the best pair to trade today but that discussion was after I took a short which was rented. I closed the long PO.

2016-09-14_1956EU.png

UJ had a setup which quickly became a FT, but then closed out for BE.

2016-09-14_1958UJ.png

GU had the best chance and after it became a FT I moved the SL to BE under Immy's recommendation as news had just come out and was going against the position.

2016-09-14_2004GU.png

[Darren]

Would it not be better to have a shortlist of 5 or 6 pairs and trade the ones which are moving?

[immy]

thanks for posting your trades Darren. I actually think , had I stayed SHUT :-B would have been better. you'd have got a FT Long EU... ?

Yes, we can do that. I think it makes more sense. but we don't really have many options or we can't afford to give us many options as we have to take most signals and anything more than 4 becomes a burden on me for sure. I start to "miss" the "nuances" of the main pairs. e.g. this little trick for GU. I KNEW it was going up. and I decided to have it closed with profit instead of a BE. YOU cannot do this for now because chances are you might "wreck" the plan, or may be you can, who am I to say that ^:)^

[immy]

USD/JPY closed as Pin Bar on D1. Looking for Shorts Tomorrow. possibly below the low of the day.
Cable . perhaps some longs in the am.
Ignore EU
USDCAD Longs only
Ignore Swissy (careful)
Aussie shorts
Cad/jpy can be good for short
EUR/AUD is good contender for longs. (it appears that the September trends are building) 8th of Sep OB was smashing.
EJ has a pin bar short but also just above a major Support
EUR/NZD i see an OB followed by IB, that means it will be a good setup into wave 5 on h1. infact that OB was actually a good looking breakout into a 5 up that turned into 3.

How to find divergence on price instead of lagging oscillators
We don't need histograms to find out if there is divergence. Actually the term divergence has come out of the use of indicators so it cannot be trusted really but it has a good use in terms of counting waves. All it is to see if there is a trend, with a series of stepping down e.g. AIMS boxes or in a down trend a series of stepping down boxes i.e. lower lows and lower highs then a pc break against the stepping up, and then price resumes down again, but stops and breaks the sequence. this time the length of the second trend (wave) is less than previous. again if you know how to plot TZ1 on naked chart, you've nailed divergence already.

this eur/nzd chart of D1 shows a clear divergence, do you see it?

2016-09-14_22-52-00.png

Gbp/aud has a seed today and its above box. good for longs. but R at 1.7740 only 25 pips away.


at Darren: i like the fact that you're using the Fruit template for this. it means you're comfortable with that look? if you are, this would help me understand if it works that way as well ... carry on. once we have done 2-3 months, you can then plot your trades on the charts and then see if Gator filter would have helped or reduced profitability. etc etc.