The market was not as volatile as we like but looking at the hourly time frame we saw that the wave might want to pull back a big. ABC was visible with a possibility of C down turning into a possible nice 1-5 wave formation on the m5 chart.
So we caught the possible 3 down within the possible C down.
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I shared this analysis in the #AIMS Live Trading Room |
There was an apple signal at the peak of Wave 2 but it was not clear to me. So I waited for box breakout.
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AIMS The Fruit method Box Breakout entry plus Add on positions to load it up and increase profitability |
I saw it break below the lows and since i was loaded up I decided to trail the bars using
#SnormsATM
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As shown in the picture when you click on the t-candle button ATM automatically trails the last candle high/low. |
I saw that it broke the lows and it was giving me good profits. I noticed that it might be time for it to pull back a bit. Since positions were fully loaded it was good time to bank some profits. Closed two positions and let the initial running.
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Always a great idea to bank some profits methodically |
Soon the trail bar was hit and I decided to exit all positions. I had been waiting for this to play out all morning so I was a bit tired. Turns out it was a good decision anyway.
It was a good trade. The following image shows that our exit was spot on and later it provided another opportunity to catch the 5 down of the C down.
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Good 2nd Attempt for W5 Hits TZ1. Next if you were keen on this, and looked at m1, you'd have caught the peak of abc that is W4 up. |
Finally a little tip for how AIMS The Purple Line could help with Fractal Geometric Trading Opportunities.
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How to Spot Apple of M1 using Purple on M5. |
More details are available in the forum and AIMS Live Trading Room
Wishing you all a happy weekend - Do something New This Weekend.. Something you've always wanted to do....
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