GBPUSD produced a good one

This week we took a few trades but this trade on GBP/USD was my favourite. It was an interesting read on the market.

As usual I'd express my self using charts.

A quick trade then head to the beach

I don't like showing trades like these as such but these are not something to imporess anyone. I only record these for my own purposes. That's what I've been doing for years. I just share some bits of my journal in the forum or here. Don't want to bore everyone with details. Perhaps some details are too personal to share as well.

The following is a clip of a trade that was identified on H1 and taken on M5. Now I could have taken this setup to run on h1 but I had to do something and do quick. I was going to be out all day, or most of it. I wanted enjoy the sun out near the sea. And I did. But before that I saw GBP/USD breakout and hten a couple of h1 candles moved sideways .Perfect scenario for what we call the PPP. [Push Pull Push = elliott wave = simple = enjoy]

Basically you want to see momentum and trend on h1. Then drop to M5 to find Setup 1. and Bang...

[Gator is your trend. plus if you know how to read AIMS Wave or AO or snorms eWave then you have extra information based on the Science of Chaos not just a simple moving average]

#gbpusd a good trade to catch quick 2% profit not bad at all for 10 minutes of work #enjoysummer 

Journal Post out in the open [Dollar Yen and Euro Dollar Winners]

I've decided that I'll (try) to share majority of my daily journal post. It should include trades taken, analysis, trading ideas and some tips and ideas. So do checkout regularly to learn how we trade AIMS Stress Free Trading - The Setup and other strategies. [FREE]

So today we saw some plays on #eur/usd # usd/jpy and #usd/chf. We also saw some plays on Gold, GBP/CAD and GBP/JPY but won't talk about those for now.

Below is my trade on USD/JPY. I took it on the hourly time frame looking for the Wave 5 up. As aimster you are taught that we are all interested in the 5th. We always work our way towards TZ1. 80% of 5th's do end up touching or going past TZ1.

[TZ1 and 5th are our trading tools. You can learn more about it in the members section. ]

I'll just copy and paste from our AIMS Skype Live Trading Room.

"so on UJ i took a 20 pips SL on the first trade and closed out at -1R. but went back in , this time at the close of the bar  mentioned above with a 15 pips sl and grabbed another 30 pips that's 2R. Meanwhile went with 15 SL on EU and grabbed 25, exited slightly earlier than TP."

USD/CHF Trade Here we show you how to trade the Fruit Signal 

How to trade higher probability Setups

Hi

There is a way to trade the Setup , [AIMS Stress Free Trading - The Setup ] strategy on the hourly but with entries on the M5. This method allows you to have alot of free time at hand.

Basically what you do is that you scan through a bunch of h1 charts. Watch which ones have broken out of range and then pulled back a couple of candles. Then drop to M5 to trade setup 1 on that.

I'll give a little example from DAX30 [German Index] Today.

Just a stip of the H1 chart. All you need to do is look at the Momentum breakout up and then pullback / consolidation now drop to m5

The M5 Chart had something I coul

Just set the po and stop loss and let it hit your target point near target zone one. 

More on this inside the forum

Edit:

We have a method called AIMS The Hunt Strategy that takes care of this situation above automatically. You won't have to swtich to M15 or M5. Just wait for Hunt Signal , check the rules, apply the filters and bang...

So on the same chart, Cherry signal was produed a bit later on the H1 chart as shown below.

AIMS The Hunt - Cherry Signal on DAX Hourly Chart

In the chart below you will see the underlying structure of the above Cherry Signal. But the below chart is not H1 its the five minute chart.

Here we see the Hunt Cherry Signal expanded into a good Setup 1 on the M5 Chart

How to Make Money in Forex

A Very Important Question ...

A very simple answer .. [note I did not say easy]