[09:03:04] Bettina Steinmueller: had red arrows at 9:36, 9:40, 9:45 and 9:52
[09:04:56] Bettina Steinmueller: oh, sorry, yes had a red arrow 8:44 CEtbefore the breakout and two before also
[09:06:40] Bettina Steinmueller: but until now I'm not able to interpret the arrows. Too often they show the opposite of what is coming
[09:07:07] Incredible Nitin: yeah I also felt sometime same Bettina
[09:07:25] MNT: same here ! (highfive)
Note: Now the answer
[09:08:15 | Edited 09:08:51] Immy - AIMS SFT: there are good ones and bad ones, Arrow shows you that Alligator on higher time frame, m5 for m1, is open. when you have already seen that alligator was open, and then at the end you see arrow, you can filter those. eg. after a strong move it might appear. but we are interesed in when alligator was freshly open on m5.
[09:08:16] Nick Derbyshire: Arrows are not an indicator. They are simply a device to alert you to a situation where there might be a fractal break. Visual and audio dot alert.
[09:10:10] Incredible Nitin: :x
[09:10:21] Bettina Steinmueller: well, no criticism. After a phase of irritation, I decided to wait for the official release and description. Don't care about them now
[09:10:24] Immy - AIMS SFT: This is an attempt to alert you to our (or rather mine) favourite setup. Thats wehn Alligator on M5 is asleep breaks out and price retrace back to alligator and it sets up on m1. thats high probability setup
[09:11:18] Grant Hardiman: i guess i'm in a minority of 1 that uses solely arrowed dots on m5/m15 and h1 for trades....
[09:11:22] Immy - AIMS SFT: I believe in the arrows if you ask me.
[09:12:01] Steve Norman: I do too (nerd)
[09:12:13] Nick Derbyshire: i do too
[09:12:21] Immy - AIMS SFT: in 70% of cases it would show you that the trend is confirmed on higher time frame. Just need to understand the concept behind it. The concept is what I introduced on page 7 of the book.
Edited Out (irrelevant/jokes)
[09:13:10] Incredible Nitin: sure
[09:13:14] Steve Norman: smilies - likewise just show you a situation. it's up to you to do your Mark 1 eyeball. Alert - Check - Trade/Sit-on-hands
[09:13:21] Immy - AIMS SFT: [09:12] Paul Fenton: <<< Surely they might also signal a trend change? When M1 is asleep>>>>, how do you mean?
[09:13:30] Bettina Steinmueller: I just can't interpret them in the right way ! Nothing against the arrows, because you probably have a deeper understandfing behind it
[09:13:51] Grant Hardiman: tbh once the 2 line alert (hint hint) is readyu i wont show the dots and only tarde arrows, thats how much i trust and like them
Hint to Steve, about another development within the V6 (perhaps V6.1) requested by Grant. Steve's on it. This is an important point.
[09:14:06] Immy - AIMS SFT: yes Steve, unfortunately thats how real trading goes. You have to use your neurons and mark 1 indicator.
[09:14:08] Steve Norman: EUM1 this morning Bettina - a thousands words in one humble chart
[09:14:09] Paul Fenton: If M5 is open and M1 alligator is flat, that could be the start of a reversal as well as an ideal entry point in a continuation
[09:14:54] Steve Norman: (y) Paul
[09:14:57] Immy - AIMS SFT: I did not take this blue dot long. it was 3rd break of aims in that direction.
[09:15:12] Immy - AIMS SFT: I might be wrong, we'll see.
[09:15:59] Immy - AIMS SFT: [09:14] Paul Fenton:
<<< If M5 is open and M1 alligator is flat, that could be the start of a reversal as well as an ideal entry point in a continuationah, great point. because A Sleeping Alligaor indicates a very important point. A point from where Chaos decides which way to go next. very good point.
[09:17:10] Incredible Nitin: a long setup on eu m5
Edited Out (irrelevant/jokes)
[09:19:59] Steve Norman: yeah Bettina - red arrow and smiley at 08:15 (GMT+1)
[09:20:12] Bettina Steinmueller: should I have ignored the pink dot a8:42 because of the smiley in 8:15 and the arrow: Smiley, retrace and down ? Is it that what you were saying ?
[09:20:14] Steve Norman: red arrow at 08:42
[09:20:31] Steve Norman: the latter could be an ITB trade
[09:20:33] Steve Norman: IMHO
[09:20:33] Immy - AIMS SFT: [09:18] Incredible Nitin:
Edited Out (irrelevant/jokes)
[09:21:21] Bettina Steinmueller: mine was pink (mm)
[09:21:22] Immy - AIMS SFT: Nitin. you gotta be careful aroudn them, when these Brits start their standup comedy episodes...
[09:21:29] Nick Derbyshire: dots and arrows...mean...roll up roll up, place your bets...they dont mean trade now
[09:25:23] Steve Norman: the thing about the arrows and the smilies - because they look for Alli asleep, you could potentially get a reversal trade contra-direction to what the arrows might suggest. That's where eyeball indi comes into play. Check the HTF to see how awake the Alli is. Check the eWaves for count. Check for S/R.
[09:27:03] MNT: (bow)steve
[09:27:13] Steve Norman: (bow)
[09:27:26] Incredible Nitin: yeah agreed Steve
[09:33:32] Bettina Steinmueller: Ok Steve, I did understand all that. For my personal " looking at the charts "- feeling, it would be easier to have a neutral mark on M1 alli sleeping, and not to attach it to the next dot in colour and directin, whatever it is. See 10:11 CET: the alli changed from open down to open up, the next dot is red, so the arrow is red. Of course it means only : Pay attention, but the "unconscious mind" registers "down".
[09:34:32] Bettina Steinmueller: Or have a mark with the colour the alli changed, if it did. But that's only my personal feeling !
[09:34:37] Steve Norman: well it is intended to say "possible sell" "possible buy"
I suppose I could make it "possible something" 
[09:35:28] Steve Norman: for the Alli asleep on M1 there is some poetic licence in the coding
[09:35:46] Steve Norman: I actually look for where the Alli isn't open in the direction of the HTF
[09:36:23] Steve Norman: so it could be moving up slightly, when M5 is awake south. But the signal looks for the reversal - the test of the Alli Lips.
[09:38:32 | Edited 09:39:20] Nick Derbyshire: GU...still in w4...but now proceeding to w5 of 4th wave....draw TL
[09:39:08] Steve Norman: well spotted and good call Nick
[09:39:41] Bettina Steinmueller: [09:35] Steve Norman:
<<< I actually look for where the Alli isn't open in the direction of the HTFOk, :O, that's something really different - and pretty good to know !!!
[09:40:21] Nick Derbyshire: But Bettina...that is a normal standard aims set up
[09:40:31] Nick Derbyshire: S1 set up
[09:41:01] Steve Norman: well it's a slight bend of it Nick - AIMS looks for Alli asleep, I look for not awake in direction of HTF. So you could get awake north on M1 but awake south on M5
[09:41:08] Bettina Steinmueller: HmmmmmmHHHHHHH??????????
[09:41:24] Nick Derbyshire: haha
[09:41:30] Steve Norman: the theory is that we're aiming to catch the M1 Alli before it awakes south, in some instances
[09:41:35] Nick Derbyshire: Steve what's the difference between asleep and not awake ?
[09:41:46] Nick Derbyshire: errrr
[09:41:47] Steve Norman: me being a nob
[09:41:51] Steve Norman:
[09:41:51] Nick Derbyshire: lolol
[09:42:01] Grant Hardiman: [09:41] Nick Derbyshire:
<<< Steve what's the difference between asleep and not awake ?sleep walking?
[09:42:09] Steve Norman: insomnia
[09:42:12] Nick Derbyshire: (chuckle)
[09:42:41] Nick Derbyshire: brb
[09:43:17] Incredible Nitin: who took the recent long on eu?
[09:43:30] Grant Hardiman: no m5 too close
[09:43:50] Incredible Nitin: yeah same for me Grant
[09:43:55] Bettina Steinmueller: Must admit, that I don't know, what the normal dots are !! In the bginning they were cross of grenn line and it often still appears to be that, but I know, that you changed it and I don#t know anything about the logic behind it.
[09:44:23] Bettina Steinmueller: Makes it difficult for, I admit, because I always want to know everything
[09:44:59] Incredible Nitin: Grant I considet 10> as Old Ao is that ok?
[09:45:05] Incredible Nitin: *consider
[09:45:36] Grant Hardiman: as in 10 bars ? yes that would be about what i would look at
[09:45:49] Incredible Nitin: oh nice
[09:47:34] Bettina Steinmueller: for me, there was no EU long, because we are still in a crorection of w3 down and had already green w5, so it could only be w5 of w5 - up to now
[09:48:16] Incredible Nitin: and this was not a proper setup I think
[09:48:41] Bettina Steinmueller: But I was wrong - the w3 is gone now
[09:49:19] Bettina Steinmueller: on M1
[09:49:31] Incredible Nitin: yeah
[09:52:13] Steve Norman: [15/06/2012 09:43:52] Bettina Steinmueller: Must admit, that I don't know, what the normal dots are !!
[09:52:23] Steve Norman: They are still cross of green line Bettina
[09:52:37] Steve Norman: We are looking to buy the dips and sell the rallies, with the dots
[09:53:06] Steve Norman: Effectively the same as looking for AO cross on a lower timeframe
[09:53:31] Steve Norman: good ol' price action really
[09:54:22] Incredible Nitin: \o/
[09:54:44] Steve Norman: in the Alert 6 re-write, I will be looking at some other options there to see if we can do better and avoid re-paints. Because the indi tests the bar whilst it's still forming, we can get a signal that is subsequently negated. I want to avoid that, if possible, whilst still getting the signal in a timely fashion
[09:57:26] Immy - AIMS SFT: [09:54] Steve Norman:
<<< in the Alert 6 re-write, I will be looking at some other options there to see if we can do better and avoid re-paints. Because the indi tests the bar whilst it's still forming, we can get a signal that is subsequently negated. I want to avoid that, if possible, whilst still getting the signal in a timely fashionYou showing off now
[09:57:49] Bettina Steinmueller: Steve, thanks, at least the dots are clear - and the arrows too, great !
[09:57:58] Steve Norman:
[09:58:04] Steve Norman: Immy -
[09:58:32] Immy - AIMS SFT: Bettina, its good you asked, its best to ask if you're not sure.
[09:58:48] Steve Norman: yes indeed
[09:59:08] Steve Norman: Gas man back for the 3rd time to fix new boiler - brb
[09:59:32] Incredible Nitin: I m feeling |-)
[09:59:55] Immy - AIMS SFT: Let me tell you about previous dots, they were NOT based on Cross of Green Line. Upto V2.1 V5.1 and later are all based on cross of Green line.
The first ever dot was based on Cross of Zero Line of AO. thats what brought us to the dots.
[10:00:07] Immy - AIMS SFT: For us the most important point is Cross of Zero Line on AO.
[10:00:31] Immy - AIMS SFT: timed with Sleeping alligator follwoing by Break of AIMS level to get in
[10:01:13] Immy - AIMS SFT: So the dot then became our alert to the cross. that was our first Entry Alert V1
[10:02:18] Immy - AIMS SFT: Then I discovered AIMS AO V3. it was a faster AO for 5 tiems lower time frame. so you see where I'm going. then we based the V2 entry alert on the cross of zero lien of the 5x lower time frame.
[10:02:50] Immy - AIMS SFT: its all based on the Fractal Geometric Nature of hte Market. Self Similarity and being Similar but never identical.
[10:08:37] Bettina Steinmueller: Immy thx, yes makes sense, will reread this all in the evening, mainly about the arrows.
[10:08:50] Bettina Steinmueller: Was just checking whether I don't miss trades agin.
[10:09:23] Immy - AIMS SFT: Did you take the long on GU?
[10:09:28] Bettina Steinmueller: Gu has retraced a lot,
[10:09:42] Immy - AIMS SFT: or were you hung up with count?
[10:10:05] Bettina Steinmueller: No, because I thought it's w4 and at the dot 10:33 M5 alli was open south
[10:10:06] Immy - AIMS SFT: [10:09] Bettina Steinmueller:
<<< Gu has retraced a lot,guess you were
[10:11:04] Immy - AIMS SFT: my wave 4 is upto the purple, if it crosses that and sets up, I may tkae it long, it could be still Wave 4. but sticking to count is also good strategy
[10:11:06] Bettina Steinmueller: That's what you taught me : Care for M5 alli !!!!!
[10:11:11] Immy - AIMS SFT: keeps your mind at ease
[10:11:35] Immy - AIMS SFT: Yes, its good Bettina!
[10:11:49] Immy - AIMS SFT: I was checking if you took the long or not.
[10:11:52] Incredible Nitin: I have set a long pending above m5 level on eu
[10:11:53] Immy - AIMS SFT: it was a setup
[10:12:10] Immy - AIMS SFT: Nitin, its choppy.
[10:12:22] Immy - AIMS SFT: but in direciton of trend
[10:12:27] Incredible Nitin: oh so wrh to put pending?
[10:12:34] Incredible Nitin: i think its a setup
[10:12:44] Immy - AIMS SFT: yes it is .
[10:12:46] Incredible Nitin: unless a opposite dot come
[10:13:20] Immy - AIMS SFT: but EU is just not moving, and direction on m5 is not cofirmed. though alligator is open the upside. .
[10:13:23] Incredible Nitin: here it comes let me cancel the order
[10:13:50] Immy - AIMS SFT: I see 1-5 completed too on m1. could be Steve's P5
[10:15:03] Bettina Steinmueller: Nitin, I didn't set po, because we already had W5, and that w5 on M1 also already had diverged. so this looks to be at it's end.
[10:15:24] Immy - AIMS SFT: we wait for setup. its Friday, Friday goes quite late in the morning until NYO usually. but we dont know whats going ot happen today
[10:16:03] Incredible Nitin: but I learn from Immy that divergence cant stop us from entry we can use it as our exit
[10:16:06] Bettina Steinmueller: Immy : GU entry ? 10:45, setup 2 after blue dot ? M5 "visually open " ?
[10:16:09] Incredible Nitin: yesterday on call
[10:16:14] Immy - AIMS SFT: GU what we thoght was 3 was not a three, it was something else.
[10:16:39] Immy - AIMS SFT: [10:16] Bettina Steinmueller:
<<< Immy : GU entry ? 10:45, setup 2 after blue dot ? M5 "visually open " ?please give me Alpari times, GMT +3
[10:16:43] Bettina Steinmueller:
, sorry you will hear that very often, I'm sure[10:16:52] Bettina Steinmueller: 11:45
[10:17:24 | Edited 10:17:34] Immy - AIMS SFT: [10:16] Incredible Nitin:
<<< but I learn from Immy that divergence cant stop us from entry we can use it as our exit You obviously missed the point in that discussion.
[10:17:42] Immy - AIMS SFT: Let me clarify.
[10:17:49] Incredible Nitin: probably
[10:17:54] Incredible Nitin: yes pls
[10:17:59] Immy - AIMS SFT: Divergence before a cross of zero line and after a cross of zero line are different things
[10:18:25] Immy - AIMS SFT: when it happens before cross of zero line, it shows get out of your trade there is going to be fourth wave,
[10:18:45] Immy - AIMS SFT: when it happesn after a cross of zero line, it says, get out wave 5 is ending.
[10:19:02] Incredible Nitin: yes right
[10:19:22] Immy - AIMS SFT: so yes it can also stop you from taking new positions, but only until it comes back to zero line. when it comes back to zero line, and sets up, we take setups again. does it make sense?
[10:19:51] Incredible Nitin: yes it is
[10:20:12] Incredible Nitin: but Its cross zero line in previous setup
[10:20:37 | Edited 10:21:00] Nick Derbyshire: We are trend traders...so when there is divergence....it means the trend is slowing momentum...so it is NOT and entry...it is an exit
[10:20:41 | Edited 10:21:10] Immy - AIMS SFT: AO , or eWave is an Oscillator. it shows Momentum. ofcoursre Divergence means momentum is going down. Its like when you throw a ball i nthe air, there is a point where it stops accelerating further and starts slowingdown. until it balances with Gravity and the force of gravity takes over. and starts going down.
[10:21:50] Incredible Nitin: but Immy Ao was close to zl in previous setup
[10:22:07] Immy - AIMS SFT: from the point it stops accelrating and starts slowing down to the point of equilibrium is the divergence area. the point of equilibrium where the ball floats in the air with 0 motion is the ZERO Line cross.
Edited Out (irrelevant/jokes)
[10:22:37] Immy - AIMS SFT: its good to ask so we can discuss and learn from each other.
[10:23:10] Immy - AIMS SFT: AO was close to zero line, and that means its lost momentum and new momentum ight take it to either direciton. Hence the Orange colour.
[10:23:18] Grant Hardiman: the only stupid people are those that never ask so never learn
[10:23:27] Immy - AIMS SFT: (y)
[10:26:15] Immy - AIMS SFT: I'll still be Joshing here. until 5pm. no gym today. broke something in my legs yesterday.
[10:26:33] Incredible Nitin: oh sad Immy
[10:27:00] Incredible Nitin: soon u will get 6 pack abs like Salman and Shahrukh
[10:29:37] Bettina Steinmueller: Sorry to hear that, hope you will feel better soon!
[10:29:37] Immy - AIMS SFT: Haha Nitin!
[10:29:48] Immy - AIMS SFT: I'm ok I'm ok.
[10:29:52] Immy - AIMS SFT: thank you.
[10:35:21] MNT: guys , i have Alpari uk demo and it push my PO 2-5 pips down/up when price moves fast , Does it happen on live accounts too ?! or maybe it`s VE ?!!!
[10:36:55] Steve Norman: Erik has had some bad experiences with slippages recently MNT. I don't use Alpari.
[10:38:07] MNT: Thanks steve , they look good but it really bothers !
[10:38:23] Steve Norman: where do you live ?
[10:38:31] MNT: sweden
[10:39:03] Steve Norman: ok - GKFX seems to be good, from what others are saying. I use Activtrades myself
[10:39:23] Incredible Nitin: hot forex is also not bad at all
[10:40:13] MNT: Hmmm Thanks , so it seems that u don`t reccommand Alpari ?!
[10:40:33] Steve Norman: especially not since they moved to Russian timezone
[10:41:12] MNT: why ?!
[10:41:30] Steve Norman: what's wrong with the GMT+1 that all the others seem to use
[10:42:07] Steve Norman: when we talk trading times in here, we now refer to OAT ... Old Apari Time ...
[10:42:38] MNT: Ya , i noted that !
[10:42:58] MNT: do u have capital tax in uk ?!
[10:44:47] Steve Norman: capital gains tax - yes
[10:44:54 | Edited 10:45:01] Steve Norman: spreadbetting - tax free, in theory
[10:45:17] MNT: haha (rofl)
[10:45:41] MNT: In theory , was a good one !
[10:46:24] Steve Norman: well, if it's your only source of income, you're supposed to pay tax on it - like any gambling.
[10:46:43] Steve Norman: spreadbetting is classed as gambling. though we'd call it trading
[10:46:44] Immy - AIMS SFT: [10:40] MNT:
<<< Hmmm Thanks , so it seems that u don`t reccommand Alpari ?!I recommend Alpari.
[10:46:53] Steve Norman: go away Immy
[10:47:02] MNT: (rofl)
[10:47:08] Steve Norman: Alpari is CRAP
[10:47:43] Steve Norman: I need to crack on with some other stuff. laters ....
[10:48:00] Immy - AIMS SFT: I have Pro, Classic and Micro Accoutns with Alapri. and I have SB too, all behave slightly differently. Pro is the on that works like magic though.
[10:48:01] MNT: Immy did u have the same experince with Alpari ?!
[10:48:32] MNT: never move your Po on classic account ?!
[10:48:35] Immy - AIMS SFT: recently there has been liquidity issues with their banks. Plus they have moved servers which they dont admit to, and having trouble iwth it. but moving your PO up adn own is not their job.
[10:48:56] Immy - AIMS SFT: They never move your PO if they did, that would be illegal.
[10:49:06] Immy - AIMS SFT: The cannot influence yoru platform.
[10:49:53] Immy - AIMS SFT: I'm trading H1 on classi account and I had a few bad fills but not gigantic. In 4 years of trading with Alpari this is the first time thats happened.
[10:50:00] MNT: since i use a demo account i have no right to complain about anything
[10:50:07] Immy - AIMS SFT: and I think we should be in M5 short right now.
[10:50:34] MNT: I`m not triggerd yet !
[10:50:47] Immy - AIMS SFT: [10:50] MNT:
<<< since i use a demo account i have no right to complain about anything ;)yes you do buddy
[10:51:03] MNT: cuz was busy here and forgot to move my PO ! (facepalm)
[10:51:09] Immy - AIMS SFT: they take care of potential customers more than current. its your money they want, ours is already with them.
[10:51:18] Incredible Nitin: I set my po@1.26241 lol just miss entry with a pippete I think lol
[10:51:47] Incredible Nitin: got it triggered
[10:52:14 | Edited 10:52:29] Immy - AIMS SFT: I'm short from M 1 break at 1.2626 but its not movin. risk is low. SL is above current aims level.
[10:52:44] MNT: triggered!
[10:53:05] Incredible Nitin: Immy on m5 if the current candle closed red we would have 5 consecutive red cadles
[10:53:28] Immy - AIMS SFT: Yes N,
[10:53:50] Incredible Nitin: so should I start trailing?
[10:53:55] Immy - AIMS SFT: trend is not yet confirmed. thsi is a breakout trade on m5. so we'll see.
[10:54:06] Incredible Nitin: k
[10:54:16] Steve Norman: P5 on M1
[10:54:17] Immy - AIMS SFT: EU is reluctant to move. may be because Greek Election tomorrow no one wants to trade
[10:55:28] Incredible Nitin: shit looking like whipsaws
[10:55:31] Immy - AIMS SFT: EJ and UJ m5 were better signals becasue trend on higher time frames were confirmed
[10:55:44] Immy - AIMS SFT: EJ is falling so EU might follow suit
[10:57:42] Immy - AIMS SFT: I check hourly charts and when trend is confirmed I check m5 and m15, on them thats how I catch super high probability setups on m5. very rare but 80% successful.
[10:58:01] Immy - AIMS SFT: ofcourse supported by Arrows.
[10:59:21] Immy - AIMS SFT: Just take this advice, dont trade if the trend is not confirme.d Just dont trade. even if you miss a break out. it does not matter. dont lose money on testing out whether its going to break out or not. Just dont trade . even if its all day long. when you dont lose money, you actually save money.
[10:59:47] Immy - AIMS SFT: it could sometims be frustrating but its worth it.
[11:00:28] Incredible Nitin: so Immy by this way U mean we should only trade arrows
[11:01:44] Immy - AIMS SFT: if you like.
[11:02:41] Immy - AIMS SFT: Most important thing is to Focus on the Process not the Content. Content means looking at only one aspect. e.g. your trading account balance. e.g. just one arrow. Use arrow as an alert. then do your analysis.
[11:03:09] Incredible Nitin: Immy on M5 its very rare to get arrow with all ideal condition of setup like fresh cross of zl etc
[11:03:46] Incredible Nitin: and its so irritating to wait all day without any trade
[11:03:55] Immy - AIMS SFT: just hcekc EJ or UJ now and you'll see
[11:04:08] Incredible Nitin: yes I m getting ur point
[11:04:15] MNT: Great point Immy , I have that problem and pay some unneccessary rent, Looking for my trigger to solve it !
[11:04:34] Immy - AIMS SFT: the m1 short is now looking fantastic.
[11:04:45] Incredible Nitin: ok my tp hit on tz1 I m out
[11:04:46] Immy - AIMS SFT: SL at BE. and waiting for exit.
[11:04:54] erik5599: hello i am back
[11:05:02] Immy - AIMS SFT: Hey Erik. welcome back.
[11:05:06] erik5599: ty
[11:05:10] Steve Norman: Hi Erik
[11:05:13] erik5599: i jumped in that trade
[11:05:23] erik5599: at the last aims break
[11:05:59] Immy - AIMS SFT: nice one Erik, i tought you were going to say, oh man, just missed it
[11:06:02] Immy - AIMS SFT: well done
[11:06:14] erik5599: i saw AO M5
[11:06:29] erik5599: and the price on m1 did not travel too much
