Pedro's Journal !

[acceleratum]

Well the problem is I ignored them because we didnt had big news for awhile, on higher timeframes the news produces some fluctuation but then the structure and wave count holds true, but the spikes around news can kick you out or put you into profit, this depends on the relevance of the news and how much it moves, on h1 already we can ignore most of the smaller to mediums ones but big impact news which not always are predicted can screw our trades, on an even higher timeframe it shouldnt be so much of a problem, meanwhile on h1 try to avoid the big days like election, nfps, fomc, etc..
Thanks for the comment! keep it up as well, always useful to read others journals!

[immy]

Hi pedro, you have done it again. ITs good to know you're applying the principle. People don't often succeed in trading because they are too lazy to manage themselves. They all want to trade becasue they want to be free and freedom probably means to them that they don't have to put in the hard work. Trading itself is no hardwork. Hardwork is done off the trading time. And its not that hard either. Simple stick to a plan, but first make the plan, oh hard work (you already have a template here ) in AIMS case simply apply the pan, keep a journal of your trades. and by the time you're done with batch 5, you will have learned so much you won't believe it... now shall we have the next batch with more clarity ... i.e stick to 1-2 form of entry methods shall we?

[acceleratum]

Cherry on H4, setup on H1 - FT + tighten sl after bounce near tz1

[immy]

good exit point mate. I messed mine only took 13 pips or something. but good experience.

[acceleratum]

s2 dot Rent : US & Canada Holiday - markets were sleepy,

[immy]

plus, i think we did not read the H4 chart correctly. even if you look at the price action to the left, or lets call it the wave before. yes there is a sharp down move but that was preceded by a large up move. more on this in tonights video

[acceleratum]

Setup Rent - exited on the pullback to reduce loss, didnt notice the pb exit signal.

[acceleratum]

Setup - Target H4 box high, since its a corrective of higher timeframe, kept a small target

[acceleratum]

Setup: Wasnt so sure about htis one so moved sl to be early and exited at BE

[immy]

Setup - Target H4 box high, since its a corrective of higher timeframe, kept a small target

Thats a very good point you highlighted there. I wont have taken thsi setup due to it being against the h4, whereas you took it while you were aware of it and hence kept a small target. well done.