The Fruit - A Powerful Trading Strategy [Archived]

[immy]

I don't trade USd/CAD on H1 but was looking at the daily positions and saw a lovely Fruit. shouted in the forum at Robochef12 to see if he took it hehe.

30 pip SL 100 Pip reward. Exited at the top of AIMS level to the left, as I dont want to leave it running over the weekend.

Daxy may be finishing on a long tail pin bar type Fruit on the Daily Time Frames. Indication of strong sell!

[robochef]

thanks - great trade, ( i was out after london 10am, but i would have taken it), still my EURGBP 1hr fruit long was working out, again !!

[immy]

thanks - great trade, ( i was out after london 10am, but i would have taken it), still my EURGBP 1hr fruit long was working out, again !!

happy to see you happy!

above I commented about not taking eurusd, also in the skype room. i said there is the signal and I'm not taking it. because it was friday heh... it was a mistake...

100 pips would have been nice.

[immy]

Fruit on AUSSIE taken a few hours ago. Posted in skype

Angle was good at the time of the signal. however it is not good anymore, but that does not matter, because the trade is in. All I can do is wait for the next "System" generated" suggested action, and ACT without hesitation or reservation with the most objective mind possible.

[immy]

A picture perfect setup taken in the Skype Live Trading Room.
Well Done Bryan, Well Done Olaf, Well Done Grant, Well done the rest of the lot. It was great fun... Another successful LO session followed by a lovely NY session. We are complete.

[immy]

Todays Fruit on Currencies the Hourly Time Frame.

note that I did not care where was the daily trend what was it doing etc. All I looked at was H1 time frame and followed the signals that's all.

The Fruit Entry a lovely chart pattern.

Good angle

24-02-2015 13-46-53.png

good angle.png

Sudden break down after an attempt to reach the SL point .

24-02-2015 15-32-51.png

Now leave the chart to do its thing, add on's ready. have dinner, go for walk etc. come back and see the beauty.

24-02-2015 20-43-15.png

Rent paid on UJ and GU, which is nothing in comparison to the profit on Caddy. A days job well done.

[Tomi]

Would you please clarify your lot size calculation Immy. Did you calculate initial entry with about 30 pips SL for 1%? What about add-on. First add-on with about 110 pips SL for 1%?

Edit: for usdcad example...

[immy]

Would you please clarify your lot size calculation Immy. Did you calculate initial entry with about 30 pips SL for 1%? What about add-on. First add-on with about 110 pips SL for 1%?

Edit: for usdcad example...

Same lot size. Fruit money management is different. Risk very low add in aggressively. you cannot really work that out exactly how much was your risk on each trade as it changes but it works better this way. As long as you approach with "single" trade mentality as opposed "1Trade" 1 campaign broken in to smaller trades, you will look at the add on as a wrong thing to do. Because you'd think it had 100 pip risk. it did not , you were at a 70 pips in profit instead. Yes it was a big higher risk add on as it was quick far from the first entry but it happens. the reward is 500 pips. Exit at 1.2405

[Tomi]

Would you please clarify your lot size calculation Immy. Did you calculate initial entry with about 30 pips SL for 1%? What about add-on. First add-on with about 110 pips SL for 1%?

Edit: for usdcad example...

Same lot size. Fruit money management is different. Risk very low add in aggressively. you cannot really work that out exactly how much was your risk on each trade as it changes but it works better this way. As long as you approach with "single" trade mentality as opposed "1Trade" 1 campaign broken in to smaller trades, you will look at the add on as a wrong thing to do. Because you'd think it had 100 pip risk. it did not , you were at a 70 pips in profit instead. Yes it was a big higher risk add on as it was quick far from the first entry but it happens. the reward is 500 pips. Exit at 1.2405

Got it, thanks! Easier also on FT2. Not to calculate lot sizes for every pending order.

[Kyle]

Hi Immy,
I had a closer look at the template today after conversation in the Skype room and just wonder what the reason is that some of the price bars are green for a bullish bar and also green for a bearish bar, then after a while it changes to red if it has turned more bearish. Obviously, the direction of the individual bar does not necessarily relate to the state of the bar (ie bullish or bearish from open to close)?