Dave from Sydney's Journal [Awarded Title: the Box-Trader]

[Dave]

Hi Nikita, few reasons...
1) volume of LO;
2) break of M5 AIMS level;
3) the false break down was enough to give the candle pattern for a stepping up M5 AIMS level. I like to trade directly off an M5 AIMS level, but you can't sit and wait for it to completely form, you need to be closely watching the candle patterns to see where these levels may form.
Hope that helps!

[immy]

Hi Nikita, few reasons...
1) volume of LO;
2) break of M5 AIMS level;
3) the false break down was enough to give the candle pattern for a stepping up M5 AIMS level. I like to trade directly off an M5 AIMS level, but you can't sit and wait for it to completely form, you need to be closely watching the candle patterns to see where these levels may form.
Hope that helps!

Can you expound on point 3 please. thats powerful information...

[Dave]

Sure can.... pictures are the best so I'll remember to snap some screen shots over the coming days/weeks

[Dave]

Here's an example...

Screen Shot 2014-12-04 at 6.29.50 PM.png

[Nikita]

When we see steps down it means we should prepare to go up? and vice verca

[Dave]

In a word, yes. This is the essence of S1. Catch the first break of AIMS levels in that particular direction. This means you're getting in at the start of the wave.
First break = S1
Second break = S2
Beyond that you've missed the boat and you're no longer entering at the start of the wave.
If you look at the M5 v M1 comparison though you'll see that M5 is stepping up while M1 is stepping down. So an entry on the break of an upper M1 level is an entry in line with the M5 trend.
Hope that helps

[Dave]

By the way, I'm interested to hear what the rest of you think about this. Am I full of shit or does this all make some sense?
Determine the trend from the M5 stepping/M5 eWave direction and when M1 steps back take the continuation.

[Dave]

Hi guys. I've decided I'll be taking a trading break for the rest of the year. Enjoy the time with your family and friends and see you in a few weeks! :-bd

[Darren]

Sounds like a good plan Dave. Enjoy the break!

[Tomi]

Have a nice break Dave! Relax and enjoy your time. New year, new setups and new fresh pips coming up!