THE NEW Strategy --- THe iMi Method

[immy]

No trades for me in last two days. BOXSEED is looking great. I used to trade a strategy called 'Daily London Open Breakout'.
Just one simple indicator draw range lines before LO and all you need is 2 POs above high/below range with SL on opposite side of range. RR was only good if range during tokyo session is very tight. With BOXSEED we are getting better RR so even if we proven wrong no huge impact on account.

I like this concept, it's plain and simple analysis with 2 indicators. I will change my template this weekend and prepare myself for BOXSEED from next week.

Just to make sure you get this spot on. There are no indicators... Remember... Box and Seed are "identifiers". they merely point to something that is already there, it does "create it" e.g. AO or Alligator..

And inside bar is there, its price, and open price level is there, its price, a swing high or low formed with 5 bars calculation method is there...

Really, we don't use BOX but because we are Boxiteers we use it otherwise ... Open line, and Inside Bars... thats it...

B-)

[immy]

Taken AU 29-09-2016 22.00 seed this morning. D1 candle closed yesterday with fruit. H4 and H1 both shown few fruits with divergence. Some indication that AU will go down. Let's see how this work. I will give you an update when you wake up.

We trade THE MAJOR pairs, the ones which gets the money from "smart" and "big" hands.

You might be in Australia and that might give you bias towards AU but really is AU the dominant currency in the world?

moreover, we want to trade the first few bars starting FO say 6-9 bars. that will do. 4 is MORE than enough for this method however, since you're using your normal template for you it would be best to trade the seeds that are out or within a clean open gator.

just my thoughts...

[immy]

Just in case I was a pure PA trader...

now recheck this image ... pls

[immy]

Its simply a case of Waiting to SEE which one is HOT.. .once that is CLEAR its pretty simple...

such was the case with Swissy and EU today. both broke out in opposite directions. It was then merely a case of waiting for SEED... and it happened. click click... and BANG (did I even look at UJ and GU? seriously NO)

[immy]

In this video, I will quickly introduce a conept of trading Reversal bars. In line with current concept .

pass: boxeed



When you See a Pin/OB Fruit... you first ask these questions
1. Is the fruit a perfect OB... OB's are supposed to relatively bigger bars compared to the rest of the bars for that day/week.
2. Is the fruit a perfect Pi ... Pin's are supposed to have a LOnG tail sticking out of hte current price action and possibly bouncing off some levels to the left.

After the above you further investigate
3. Is it far from the open level, creating a rubber band effect Fruit bar must not be overlapping the open line. (well we have a filter for this in the V4.0 indicator which no one ever asked a question about haha)
4. Do some TZ1 based or AO based Wave analysis if you like, that will also help but if you don't want to add that, its ok.

The MOST IMPORTANT LAST BIT

5. Price must not be immediately going into a box or levels to the left. It should have space to the left. It should not be going back into a tight range bound boxed price....

6. relevant to 5, you should know WHERE IS PRICE GOING????

[Darren]

What a great video - looking forward to looking at those fruits in the near future! I like the way you reduce the risk fairly quickly after the PO has been opened. ^:)^

[immy]

What a great video - looking forward to looking at those fruits in the near future! I like the way you reduce the risk fairly quickly after the PO has been opened. ^:)^

Just updated the video with some more text, so I suspect you might have missed reading that. Important stuff I should have talked about in the video.

Thank you for liking the video and I was somehow VERY sure that you will appreciate the "dynamic" risk management I learned from Mike. What a great concept .

This way we are not under the immense stress of adding on. We are looking for Higher probability Fruits and we are looking for those few bars after entry that gets us to 1 or 2 R's. I know that market goes FAST after some OB's and PINS and then dies out and we are waiting like idiots some even turn into loser. Have learned a LOT from fruit trading.

[immy]

Where NOT to trade Fruits

1. no room
2. no good price bar

When you see a good one, then you ask, Where would it meet its first area where it could bounce, you know, boxes to the left etc... and if you see that it does not allow you enough space before you could move your SL... you ignore those ones. VERY few are good ones.. VERY VERY FEW

[immy]

the EUR/USD trade in the video... further analysis

[immy]

some pin bars, using a raw pin bar identifier ...

KNOW that A FRUIT, MUST appear at Swing High's and Lows... Short Above the Open Line and Long Below the Open Line.