Hi Immy,
Having watched The Fruit traders make hay lately I'm considering some adjustment to my trading plan. My question is.... With the advent of the new Fruit v4.0 indicator, what assessment of a valid entry remains subjective. ie what are the factors you consider when v4.0 shows a signal?
Thanks!
Dave
The Fruit - A Powerful Trading Strategy [Archived]
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Dave
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immy
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Re: The Fruit - A Powerful Trading Strategy
There is ONE BIG subjective ANALYSIS. ANGLE! Plenty of Examples in the book and the thread.Dave wrote:Hi Immy,
Having watched The Fruit traders make hay lately I'm considering some adjustment to my trading plan. My question is.... With the advent of the new Fruit v4.0 indicator, what assessment of a valid entry remains subjective. ie what are the factors you consider when v4.0 shows a signal?
Thanks!
Dave
At the start of the day, we take Fruit at the top of ranges, to get us out of range. into 3. we take peak of 3 into 4, knowing its 4 but we know it might change into 3 so if it does we are ready. (keep SL tighter here) lookout for AA (fruit that appears near 38 to 50% pullback. takees you into wave 5. at the peak of 5 you reverse the whole thing again. It NEVER ENDS ... Take today's' chart from LO and study that. THIS IS THE BEST CHART FOR FRUIT.
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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immy
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Re: The Fruit - A Powerful Trading Strategy
An interesting session in the Skype Room today...
This following setup was a breakout setup.. Market was going sideways and the range (boxes) was getting tighter and tighter, while some of us started to doze off, some of us were getting excited because we know that when the market goes into tight range, i.e. when the gator sleeps and the longer it sleeps the hungrier it gets ( you gotta love Bill Williams analogies and his humour).
I decided to Make an entry at the M1 box and add on at the m5 box high. .. it was interestingly managed and pictures of the stages of the trade were shared in time.
Step 1. Breakout Entry
Step 2. spike up but does not really go further up. zig zag pullback (PC pattern)
Step 3. The End
Not much profit but I was well positions. had it spiked up or even gradually gone a furthe 20 pip up, it would have turned into a nice 100 pipper. Well it did not. What matters is how you manage your trades. And this was very well managed so I can pat myself on the back and enjoy. (which i did and am)
This following setup was a breakout setup.. Market was going sideways and the range (boxes) was getting tighter and tighter, while some of us started to doze off, some of us were getting excited because we know that when the market goes into tight range, i.e. when the gator sleeps and the longer it sleeps the hungrier it gets ( you gotta love Bill Williams analogies and his humour).
I decided to Make an entry at the M1 box and add on at the m5 box high. .. it was interestingly managed and pictures of the stages of the trade were shared in time.
Step 1. Breakout Entry
Step 2. spike up but does not really go further up. zig zag pullback (PC pattern)
Step 3. The End
Not much profit but I was well positions. had it spiked up or even gradually gone a furthe 20 pip up, it would have turned into a nice 100 pipper. Well it did not. What matters is how you manage your trades. And this was very well managed so I can pat myself on the back and enjoy. (which i did and am)
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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Tomi
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Re: The Fruit - A Powerful Trading Strategy
Nicely survived from PC. I happened to trade it also as my friend asked about DAX and I happened to open the charts right during the saddle point. I took the breakout with small lot, but caught by PC. You know how it should be done!
Edit: checked it again and what a long it started! Oh boy.
Edit: checked it again and what a long it started! Oh boy.
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immy
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Re: The Fruit - A Powerful Trading Strategy
Tomi wrote:Nicely survived from PC. I happened to trade it also as my friend asked about DAX and I happened to open the charts right during the saddle point. I took the breakout with small lot, but caught by PC. You know how it should be done!
Edit: checked it again and what a long it started! Oh boy.
Oh well! you gotta what you gotta do. And some times you find out, in hindsight, that the other decision was better
just doing into
mod... Keep \m/ and have \:D/
this week 5 times, I loaded up and it ended up with nothing. but all 5 times, had it gone another 30 pips in my favour would have mean 150 pips. May be it works next ime... but from now on i'll keep summer months in mind and go for smaller wins whenever available. trade only 2 hrs and finish promptly to enjoy the summer with kids.
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
Elliott Wave or eWave or AIMS Wave and Trading Fruit
If you know a thing or two about how to trade with AO, or AIMS Wave in light of the pdf 10 Second Elliott Wave ]
or better yet, Snorms eWave , the 1 second elliott wave, then you would benefit from the following!
How to use eWave in trading the Fruit.
1. The Cardinal rule is that you need to know there is angle. Now, the first thing about angle is that a Fruit Bar is
created out side the gator's mouth. You don't have to worry about it beause the indicator already checks that for you
automatically. And in the previous pages, I am sure you would agree that we have given numerous examples of all
sorts of Angles. And another Rule is that most often wave 2 and wave 4 might not be as steep as wave 3 and wave 5
which is why the angle might not be that large.
2. The second thing is that a trend reversal technique willl always have a lower win rate but winners will very large
because you'll get in right at the start of a wave. so you can expect a 40% success rate with fruit using our filters and
rules.
Ok now, that you know the above, and I assume that you know the basics of eWave and 10s elliott wave. You don't have
to be an elliotician just know how to count waves using eWave.
Point 1. 95% of the time you will see a fruit signal created [In an Uptrend] at the top of wave 1, bottom of Wave 2, top of
wave 3, bottom of wave 4 and top of wave 5.
Point 2: If you're a on shorter time frame, the distance between the top of 1 and bottom of 2 will be hardly trade-able. The
distance between 3 and 4 might get you at least a BE . So you'll not trade at the peak of wave 1, but will try if possible catch
the bottom of wave 2 to get into wave 3 (very powerful this one) and then ignore the peak of 3 and catch the bottom of
wave 4, using an Adam's apple and then catch the peak of wave 5.
Point 3. If you're on a larger time frame lets say D1, you may be able to see a wave 1 and 2 and perhaps trade them without
much damage to your account. but its advisable to not trade wave 2 and only trade wave C within wave 4. So how do you
trade wave c within wave 4? well you will have to drop to a lower time frame to then again get in either using bottom of 2
or bottom of wave 4. and then perhaps reverse it at the peak of wave 5 and switch back to the previous time frame so that
you can run it into a wave 5. Or perhaps simply watch this action and then wait for a signal on D1 and catch the Adams Apple
and go long again.
Point 4. In doing so you will be in-line with Elliott wave, not trading Elliott wave , you're trading your signals but you are in line
with the structure and not blind.
Point 5. How to Catch End of Wave 5: Well we do that with using the power of TZ1 and TZ2. Fib expansion and then going down
a time frame to create anther TZ1 withi n the 1-5 sequence of wave 5 to have confluence.
Point 6. How to Catch End of Wave 4: That will be done with much ease. more recently we have applied a flow chart, Thanks
to Moty and Kyle. Our flow chart will always get you into the clearest most profitable wave 5 by spotting the end of wave 4
very accurately.
Rule 1. Signal must be created within Wave 4 that is in a uptrend eWave must have dipped below ZL and showing a 4.
Rule 2. Signal must be near purple, which means it should be between Fib retracement 38 and 50%. 2 out of 3 times,
Wave 4 will terminate within these levesl and only 1 out of 6 times it will finish without touching it. We can live with that.
Generally a flat wave 4 may not touch 38 but we are interested in the clean zig zag wave 4. Those are very predictable.
The triangulating and contracting wave 4's are not trade-able. they destroy accounts. But then again you might want to check
Steve's P5. But even p5 picks a zig zag pullback.
Extra Information you might want to research and make a rule around:
Wave 4 will take 70% of time it took wave 4 to complete. There is a tool in MT4 called Fib Time Zones. Added to your tool bar
and rename Point 1 as Peak of Wave 3 and rename 2 as End of Wave 4. Then draw it like fib exp starting off where the wave
begun to peak of 3. this would give you estimated spot whre wave 4 might end. So if fruit appears around there, there is on
more odd in your favour.
on more example
This is a rough draft, i hope it makes sense and you benefit from you.
or better yet, Snorms eWave , the 1 second elliott wave, then you would benefit from the following!
How to use eWave in trading the Fruit.
1. The Cardinal rule is that you need to know there is angle. Now, the first thing about angle is that a Fruit Bar is
created out side the gator's mouth. You don't have to worry about it beause the indicator already checks that for you
automatically. And in the previous pages, I am sure you would agree that we have given numerous examples of all
sorts of Angles. And another Rule is that most often wave 2 and wave 4 might not be as steep as wave 3 and wave 5
which is why the angle might not be that large.
2. The second thing is that a trend reversal technique willl always have a lower win rate but winners will very large
because you'll get in right at the start of a wave. so you can expect a 40% success rate with fruit using our filters and
rules.
Ok now, that you know the above, and I assume that you know the basics of eWave and 10s elliott wave. You don't have
to be an elliotician just know how to count waves using eWave.
Point 1. 95% of the time you will see a fruit signal created [In an Uptrend] at the top of wave 1, bottom of Wave 2, top of
wave 3, bottom of wave 4 and top of wave 5.
Point 2: If you're a on shorter time frame, the distance between the top of 1 and bottom of 2 will be hardly trade-able. The
distance between 3 and 4 might get you at least a BE . So you'll not trade at the peak of wave 1, but will try if possible catch
the bottom of wave 2 to get into wave 3 (very powerful this one) and then ignore the peak of 3 and catch the bottom of
wave 4, using an Adam's apple and then catch the peak of wave 5.
Point 3. If you're on a larger time frame lets say D1, you may be able to see a wave 1 and 2 and perhaps trade them without
much damage to your account. but its advisable to not trade wave 2 and only trade wave C within wave 4. So how do you
trade wave c within wave 4? well you will have to drop to a lower time frame to then again get in either using bottom of 2
or bottom of wave 4. and then perhaps reverse it at the peak of wave 5 and switch back to the previous time frame so that
you can run it into a wave 5. Or perhaps simply watch this action and then wait for a signal on D1 and catch the Adams Apple
and go long again.
Point 4. In doing so you will be in-line with Elliott wave, not trading Elliott wave , you're trading your signals but you are in line
with the structure and not blind.
Point 5. How to Catch End of Wave 5: Well we do that with using the power of TZ1 and TZ2. Fib expansion and then going down
a time frame to create anther TZ1 withi n the 1-5 sequence of wave 5 to have confluence.
Point 6. How to Catch End of Wave 4: That will be done with much ease. more recently we have applied a flow chart, Thanks
to Moty and Kyle. Our flow chart will always get you into the clearest most profitable wave 5 by spotting the end of wave 4
very accurately.
Rule 1. Signal must be created within Wave 4 that is in a uptrend eWave must have dipped below ZL and showing a 4.
Rule 2. Signal must be near purple, which means it should be between Fib retracement 38 and 50%. 2 out of 3 times,
Wave 4 will terminate within these levesl and only 1 out of 6 times it will finish without touching it. We can live with that.
Generally a flat wave 4 may not touch 38 but we are interested in the clean zig zag wave 4. Those are very predictable.
The triangulating and contracting wave 4's are not trade-able. they destroy accounts. But then again you might want to check
Steve's P5. But even p5 picks a zig zag pullback.
Extra Information you might want to research and make a rule around:
Wave 4 will take 70% of time it took wave 4 to complete. There is a tool in MT4 called Fib Time Zones. Added to your tool bar
and rename Point 1 as Peak of Wave 3 and rename 2 as End of Wave 4. Then draw it like fib exp starting off where the wave
begun to peak of 3. this would give you estimated spot whre wave 4 might end. So if fruit appears around there, there is on
more odd in your favour.
on more example
This is a rough draft, i hope it makes sense and you benefit from you.
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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Tomi
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- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
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immy
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Re: The Fruit - A Powerful Trading Strategy
Tomi wrote:Excellent post Immy (as always).
Just read it again, its Fascinating i must say.... hehe ... sometimes we think/write things that are from elevated/different states of minds and might appear quite something else at other times looking back in time/space...
I read it because I wanted to add the following two images about Fruit Signals... Its been a long time so this topic needs a bump. If we are trading The Hunt it does not mean, Fruit has suddenly stopped working. Fruit is a strategy that is not for everyone because its psychologically the hardest of all yet the most rewarding.
AUD/USD was in a strong Wave 3 down. IF you drop to H4 you'll find a good Wave 4 within this 3 down. You can then make sense of this fruit short that it picked the peak of Wave 4 pretty nicely and now we are letting it run on D1 until it closes on green line.
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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!
-
Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
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Re: The Fruit - A Powerful Trading Strategy
Absolutely, fruit power is there. Strong power that is. DAX fruits works like a charm on Frankfurt and London open. At least when getting in early in the wave. Fighting too much against the trend will cause drawdown to pile up. However like your example above, getting to the wave in early stage and riding the trend is just fantastic.
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kooky
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Re: The Fruit - A Powerful Trading Strategy
Ohhhh to get into a trend, it's probably better than Sex. But I wouldn't know- I've only had sex.