EUR/USD - The Complete Elliott Wave Analysis

EUR/USD Complete Elliott Wave Analysis by iTradeAIMS on TradingView.com

Editor's Pick on TradingView.com 

Take Profits on Friday - Swing Trading

I trade the EU GU UJ and Gold on the Hourly Time Frame.

That is my bit of Swing trading.

DAX was supposedly going into a Wave 5 but ...
[Click to Enlarge]

I'm busy trading the DAX on the M1 chart but from time to time, I check these H1 charts. H1 chart does not really need checking every hour. You check them the night before and in the morning pre London Open. Usually if it's going to set-up for something, You will see it before London Open.

I usually only go for trend breakouts (THE SETUP1 and APPLE Method) for FX charts. I like the Hourly Time Frame for FX (currencies.)

Below is an Example of an #AIMS Apple Initial Entry following by BOX Breakout Add on. on #EURUSD

Clearly a Downtrend. A lovely Apple within a Sideways Wave 4. 

Took first Apple and added below box.

Mistake: should have exited on fruit high before end of the week since it was Friday. It was my intention but literally forgot. I remember going "oops" while sitting with wife in the bedroom past 10 pm uk on Friday.

I said, "I might have left the EU trades running". But I had the SL set at the Entry level of the box breakout add on which was hit on Monday.

Mistakes like these could some times cost some money.

On this occasion I lost profit but luckily no huge gaps over the weekend

Clearly Moving Markets - But No Signal

There are times when you see the Market is clearly moving in x or y direction but your system does not create a trading signal on the chosen time frame.

e.g. The EUR/USD this morning was clearly not going up. @Jasmien hinted in the chatroom that she thought it was stretched. And at that time it appeared to be continuing the uptrend.

Soon after the Big Bear Candle was printed.

So What can we do when its clearly telling you that its reversing or its going this way.
You don't want to break the rules of your method.

Here is a prime example.

Drop to the Lower Time Frame. Below I show M15 chart.

The picture clearly shows some good AIMS The Hunt Cherry Signals. 

In the forum I also discussed a very cool way to catch such setups, on the M5 time frame. 

Its called the AIMS 10X Pattern. You can spot the M5 setup 1's while watching the H1 chart. 

Hope this helps 

Where is the Euro Heading?

Sadly, not great news for Euro Dollar. I'm not referring to fundamentals or what Junker may or may not have said. Although all those factors do play their part. For us, Technical Traders, everything is there on the chart itself.

And AIMS The Setup 1 Signal has popped up on the #EUR/USD Pair on the Daily Chart.
It could be heading towards 1.1250 to hit the Target Zone One.

But it will first have to break out of the current box its in.
It will also then have to deal with and break the levels to the left.

oh btw just a quick question Which one is More Cheesy? 

How to Trade the Euro Dollar #EURUSD

Just one Chart to Inspire You

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Join us for London and NY Open trading EUR/USD GBP/USD USD/JPY and DAX30  on the M15 Chart. Simple Strategy with spot on support and signals in Skype.

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A Great Wave Analysis on eurusd

We were able to depict the market situation on the #eruusd currency pair.

Just minutes before the ECB press conference I realised that the euro vs dollar currency pair was showing a pattern that we trade very often.

All the while it was clear to us that the D1 chart had a an open gator. But what was more important was the eWave pattern. It was within what we like to call "the Structure". More on this inside the AIMS Members area.

We like to trade the 60 min chart specially when the D1 chart is within the structure. We apply the Setup method to take advantage of it. Below we took charge of our decisions , trading or tarding decisions. It was a pretty good outcome in the end. Over 7% just for one trade that last less than half of a day. Now that's what we call "trading business". Not working. Just trading.

So here is the first picture I shared in our AIMS Skype Live Trading Room.

#eurusd #ecb #rates decision Possible 5th wave up. 

Important Note: The Wave analysis showed possible move upwards. And it did. no you don't have to draw those number everytime. I do those for the members to learn. one you understand the concept you won't need to consciously be doing this all the time. 

EURUSD ECB News Analysis. WE shared this picture in our Live Skype Trading Room

It was followed by a nice sharp move in the intended direction.

Live Trade Picture of the trades we took on eurusd

Because we were confident we added on to our position. That increased the profitability by 3 times.

with 235 pips profit banked scooby is pretty happy 

NFP News Trade Profit on EURUSD

Here is a quick video of a live trade on EUR/USD and USD/JPY NFP News Trading Using Snorms News Trade EA and Snorms Advanced Trade Manager

Link to Snorms Wesbite www.For-EXE.com

ps: Don't Forget to BREATH.... Slow Rhythmic Breathing 5s in 5s out is supposed to bring your brain into the coherence state. You'll be wiser because you'll have more clarity in your mind... BREATH people ...  [TED Talk on it posted earlier]

The Famous BAR Setup

We have what we call the Famous Bar Setup. This is a setup that one can find using the very easy to monitor end of day charts. Well, since we trade Forex our charts usually stay on from Sunday night to Friday night . We sit at 10pm uk in the calmness of night when everyone is sort of relaxing, you'd sit down and look for these bars.

Then you have two options, you either trade them there and then, or you trade it using AIMS The Fruit or Classic Breakout method on the H1 chart the following day. If you're working full time no problems. You can set orders at night and check them when you come back from work. Works like a charm.

I took one such setup today on the Swissy. #USDCHF the US Dollar vs Swiss Currency.

I was busy updating the members of our Skype Live Trading Room through out the  day using screenshots and chat etc. I thought I'll share it here as well.

These are the images I posted periodically through the day as the trade progressed. Similar trade on #gbpusd as well. that one is still running. 

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 

The Power of TZ1

When we take a trade we already have a fair idea where it might end up. Usually there is 1-3% profit available risking only 1% per trade. Look at this EUR/USD H1 chart. A lovely hit of TZ1 ... If you went short yesterday and had your Take Profit just above TZ1 , as in the picture below, you made 2% easily.

EUR/USD hits TZ1 target profit point nicely. 

Learn to Trade AIMS - Setup 1

I would like to share picture of Setups created by AIMS Stress Free Trading Basic Strategy. AIMS The Setup 1.

Its just so simple and it works. Its been working for us ever since we conceived the idea and applied it. It will work forever because its based on the never changing underlying hidden from most but "uncovered" to AIMS,  structure of the market. Its not rocket science though. Its really simple all you need to do is read the Setup 1 eBook and you'll get the hang of it in no time.

EUR/USD Live Trade Still Running. Red Dot Setup 1 powerful stuff 

USD/JPY Setup 1 Buy Signal. 150 plus pips profit 

Gold Sell Signal. This Stuff works guys... Don't Waste your time ... JOIN TODAY

GU 200 Pips Winner

Has your trading strategy produced a 200 Pips winner on #GBP/USD today? 

AIMS Stress Free Trading - The Seed produced 3 signals on cable today. Current Running profit as I write is
1. First signal at Frankfurt Open Risk 8 Pips Reward  +195 (still running)
2. Second signal at 9.00 UK. 1 hour after London Open Risk 22 pips Reward: +150 (still running)
3. Third Signal at mid day, Risk 15, Reward +125 and Running...

Total Running Profit: ???? you do the math... I'll show you where to get this method...

>>>>>BUY NOW

ps: there was also signal on EU. Risk  7 Reward 60 (still running)

AIMS Skype Live Trading Room...  This is what we said in the morning... (Pointing to the Entry Signal) 

Small is Big and Big is Small 

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Trade Live with Confidence

Trade Live with Master Traders

Live Commentary on Live Charts, Step-by-step explanation of the Setup from

1. How to take a trade?
2. How to manage it? and
3. How to Take Profit?

What do you Get in Skype Trading Room:

You get two kinds of benefits from the trading room, Technical and Psychological/Mental.

1. Technical Benefits

The first kind of benefit you get from being an active member of AIMS Skype Live Trading Chatroom is Technical Analysis. Technical analysis involves,
1. Where to Enter the Market with Entry Signals. Learn What is the Entry Setup? (whenever possible)
2. Trade Management: Learn how to Manage your trades, the crucial bit of successful trading.
3. Risk Management Guidelines, How much to risk per trade and why?

We share all that we know without any bias or prejudice. We love sharing. So we are absolutely sure from past experience with dozens of members who joined our Skype Live Trading Room that being part of this group should do the following:

1. Enhance your Technical Knowledge,
2. Increase your Understanding of the Structure of the Markets,
3. Enhance your grasp of AIMS Technical Trading Strategies.

2. Mental and Psychological Benefits

The second one is more powerful, its Mental and Psychological. As far as I am aware no one helps you with this side of trading out there.  Trading is 80% mental. No matter how many times I repeat this phrase it does not get old. Because the meaning of this are so vital, so important yet subtle that I have to keep repeating it.  No matter how good you get with your technical side of trading as long as your mental side is weak the chances of major success are low not just in trading but in any endeavor in your life.

We know the power of this concept. Although other people know this concept and its truth and validity as applied in general in life yet how to manage your trading mind correctly is a whole different ball game. Having the "right mind-set"  as applied to ordinary life just don't work the same way when it comes to trading.

We believe that your time spent time with us in our Skype Live Trading Room,should

1. Enhance your Understanding of your Mind,
2. Increase your Knowledge about how the mind works
3. and enhance your grasp of AIMS Mental Trading Strategies and
4. Understand the Structure of your Mind.


I love trading with others it keeps us all disciplined and there is always a great learning environment as well as some humbling moments that we all experience from time to time.

Session 1. London Open 
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Session 2. New York Open
From 2.30pm to 4.30pm
All Times GMT (London, UK)

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If you'd like to Join us in our Skype Live Trading Room, you must first Become a Premium Member.

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Note that Session may go over sometimes or conclude earlier depending on how it goes on that day. e.g. if there are major news at 8.30am UK for the currency/instrument we are trading we will start from 8.30am and lets suppose we made good pips during, lets say first 15 min of the session we would happily conclude the session. We will say a Big THANK YOU to the universe, God, market or  ourselves (depending on your belief system) and we shall conclude it. Less is definitely more.

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No Refunds for monthly subscription. You can cancel any time, simply by going into your paypal account cancelling the subscription.  If you cancel your subscription you will be taken out of the Skype Group Immediately. 

3 Forex Pairs For Beginner Forex Traders

As you start your Forex career, or even if you are just testing the waters, you will want to focus
on pairs that can provide you with the highest amount of profit without being as risky as some others are.

The key is to know what your options are and to know which pairs of currencies are the best to focus on. With many different pairs out there in currency, it is easy to get overwhelmed and confused, long before you actually find yourself making a profit.

For this reason, it is best to stick with the following three pairs because they provide the best results for most people.

EUR/USD - The Euro Dollar 

Do Great Things While they are still small

The Sage (Snorm) does not attempt anything very big and thus achieve Greatness

Greatness comes from being in the moment here , present, in the now

The Sage  confronts difficulty but never experience them. This is the idea of thinking Small."

188 pips from 20 trade signals last week

We thought we will share the outcome of the last 20 trade signals generated by our strategy using a simple flow chart and trade management plan. Anyone can do it provided they want to do it and their mind is free to do it.  Included below is a worksheet of the last 20 signals on Dax30.

Total Trades = 20
Winners = 50%
Risk Reward Ratio: 1:4 (
Average Winner = 25
Average Loser = 6.2
Trading Time in the table is  GMT+2

The results are based on Beginner Level. Advanced Level you may have even better results. 

Edit 17 sep 20014: Week 2 (week ending 12 Sep)  added below 

Although not all weeks are gonna be like this, some may be worse some a lot better one thing is for sure. The system generates signals that are profitable in the long and trading them are actually fun.

If you're reading this and still not a member, you're missing our on something very good. Join us today before its too late.

Are you looking for something that works?

If Yes, then look no further. You've found it.

IF you want to make money, if you want to have consistent profit then read this carefully.

You can choose to trade any Currency, Stock, Commodity or Index using The Flow Chart (AIMS Stress Free Trading Proprietary Rules) and a Definite set of Trade Management Plan (Grant's Trade Management Strategy) e.g. Currently we trade Dax using our favourite scalping strategy on m1/m5 time frame. And we have perfect Trade, Money and Entry management simple and small plans. The Flow Chart, if you go through it, will allow you trade any of the financial instrument of your choice. With a bit of adjustment here and there you'll even be able to come up with your own relevant adjustments to suit different time frames and instruments of choice. Trust me, its Stress Free.

I had this thought, I shared with a friend and then I thought why not share with the rest of you lot as well.

All the best

Immy

~This is amazing... I love this chart. Imagine this, we were able to predict price level 105 candles before it happened. It would be tantamount to predicting price 4 months in advance if it were a daily chart. 

Mid week update - FTSE100 - EURJPY - EURUSD DAX

Another lovely Trade on the euro yen. The euros are dropping in general and we are still holding our short on the #EUR/USD #EURODOLLAR as well as we entered anotehr short on the euro yen but thinking of getting out soon.

We think the FTSE100 will drop further down to 6534 and below 

DAX this am, got us some 40 plus points. Dax is our bread and butter these days. So easy to trade using AIMS Scalping Method. 

We analyse our charts and take positions and then share them in the forum as above. These pre and post and mid trade analysis really help us hone our skills and new traders can learn alot. 

In this picture here you see now that the trade has developed and into his final stage

This happened during the time I was posting this here. What a blessing... thank you thank you thank you... 

Some Really Nice Trading Last Few Weeks

Here are some recent trades we took on H1 and other time frams. Its really simple and straight forward but you only have to believe in your self and your system, your trading strategy. AIMS Stress Free Trading is simple but powerful...

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We present to you a simple strategy that works and it works brilliantly. JOIN NOW

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