So Guys, GU is the one to trade now from the longer term perspective. its trend and we will not waste any opportunity in our hands.
If you remember at the start of the thread I said, markets are range bound and we will taking intra day profits due to that, near the edges of hte range. GU is now in trend .we will take longs as well, but we know that we will be ever more comfortable wiht taking shorts and letting them run as much as possible.
THE NEW Strategy --- THe iMi Method
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immy
- Founder
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Re: BOXEED --- iMi Method
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
- 12
Re: BOXEED --- iMi Method
One trade so far today on GU. A BE trade...
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immy
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Re: BOXEED --- iMi Method
Where is the gator on that Darren?
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
- 12
Re: BOXEED --- iMi Method
I seem to put it on then take it off, then put it on...
I will put it on now.
I will put it on now.
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Darren
- Posts: 891
- Joined: 20 Nov 2012, 13:54
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Re: BOXEED --- iMi Method
So, with gator are you saying shorts below FO line and gator if gator is open and vice versa for longs?
Last edited by Darren on 05 Oct 2016, 21:44, edited 1 time in total.
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immy
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Re: BOXEED --- iMi Method
That UJ Seed, many would have considered to be "too late" in the trend... (looking at there peaking histograms and TZ2 etc... was actually what THE HOT HAND is defined... Trade the ones that move... the ones that are HOT ... taht should get your business.
Would you open a shop in a rundown part of the city, thinking "other areas are having good sales hence soon this area will as well"... no you don't. so in taht manner, only trade the pair that is moving because that is "THE TREND" the HOT pair. YD UJ looked like "man we missed" and then it created the seed as in the pic below. today I "almost" took the next seed, if i was NOT in gym, i might have taken it.
Would you open a shop in a rundown part of the city, thinking "other areas are having good sales hence soon this area will as well"... no you don't. so in taht manner, only trade the pair that is moving because that is "THE TREND" the HOT pair. YD UJ looked like "man we missed" and then it created the seed as in the pic below. today I "almost" took the next seed, if i was NOT in gym, i might have taken it.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: BOXEED --- iMi Method
Why did I point to the M5 Setup 1 in the above post?
The reason being, if Setup 1 is a potent setup, and if Seed on H1 is really the graphical condensed representation of that setup 1... then it makes sense to take SEEDS in a trend, whenever they appear... as long as the seed is small enough...
The reason being, if Setup 1 is a potent setup, and if Seed on H1 is really the graphical condensed representation of that setup 1... then it makes sense to take SEEDS in a trend, whenever they appear... as long as the seed is small enough...
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: BOXEED --- iMi Method
Why do we trade Seed on both sides at the open.
Well, the general way of price action trading is based on price pattern and bar patterns like this. The inside bar is a consolidation. And as such buyers or sellers can each take charge on either side of the bar. Which makes trading IB a funny business and a lot of the guys out there don't like it. But what we do is that we Cut out one side completely. We draw a line in the sand exactly at the spot where "human" traders wake up and start making trades. that puts buying or selling pressure on the market we are looking at. Once market starts going off that level, we know this is the direction of the trend, on that day. And that is true until the last bar we see. In doing so, we minimise our risk by taking a very small entry mechanism yet by utilising variable lot sizes, we increase our potential of the trade if it was a winner and on the other side we kill the disadvantage of an IB breaking both sides.
it reduces the rent by 50%. This logic is very powerful.
And its fractal geometric in nature. It works at Day start, week start, month start and year start. e.g. UJ d1 Seed, could be traded eihter side, because its high and low was above and below the open price for the month of october. likewise when there is a bar at the start of the day, in this case our chose starting point which most logically is Frankfurt open, we take it.
Well, the general way of price action trading is based on price pattern and bar patterns like this. The inside bar is a consolidation. And as such buyers or sellers can each take charge on either side of the bar. Which makes trading IB a funny business and a lot of the guys out there don't like it. But what we do is that we Cut out one side completely. We draw a line in the sand exactly at the spot where "human" traders wake up and start making trades. that puts buying or selling pressure on the market we are looking at. Once market starts going off that level, we know this is the direction of the trend, on that day. And that is true until the last bar we see. In doing so, we minimise our risk by taking a very small entry mechanism yet by utilising variable lot sizes, we increase our potential of the trade if it was a winner and on the other side we kill the disadvantage of an IB breaking both sides.
it reduces the rent by 50%. This logic is very powerful.
And its fractal geometric in nature. It works at Day start, week start, month start and year start. e.g. UJ d1 Seed, could be traded eihter side, because its high and low was above and below the open price for the month of october. likewise when there is a bar at the start of the day, in this case our chose starting point which most logically is Frankfurt open, we take it.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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ppandekar
- Free Member
- Posts: 126
- Joined: 16 May 2013, 14:43
- 12
Re: BOXEED --- iMi Method
Trade for 5-sept-2016
Just one GU trade for the day, Result BE
Given what immy said above its probably a bracket trade. However the trend as defined by opens was very clear in this case. I would want at-least one sideways open to take a bracket trade at FO.
Just one GU trade for the day, Result BE
Given what immy said above its probably a bracket trade. However the trend as defined by opens was very clear in this case. I would want at-least one sideways open to take a bracket trade at FO.
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ppandekar
- Free Member
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Re: BOXEED --- iMi Method
I am away to hometown till 14th for Dussehera holidays. Will be trading but just be available at the top of the hour. Will be taking vacation on 11th and 14th.