The Simple but Powerful Trading System - Day Trading German 30 DAX 30

 

The LOBOT Strategy: The Simple but Powerful Trading System

There is a playlist on the iTradeAIMS Youtube channel called Day Trading the DAX | London Report

This playlist includes videos that explains how to trade the DAX30, the German 30 index at the London Open.

I have recently discovered a NEW way, a brand new way of trading the DAX30. It has produced some fantastic daily results for me. 

I made a series of videos to share this method with AIMS Members.

Would you like to watch today's Recap of the London Session where we applied the LOBOT method? 

WATCH VIDEO: Recap of London Session 19 Aug 2020

This video will go in-depth to explore
1) The 10.19 entry, why did Sam and Doug not take 2R profits?
2) The things you MUST do before the start of the London open.
3) How to trade Micro pullbacks on the 15 Seconds Chart
4) What are the 3-4 candle pullbacks
5) 4 types of entry strategies for this LOBOT method.
6) BAR-BY-BAR Reply of the London Session both on M1 and S15 Charts side-by-side

Hope you enjoy it and find value in it.

If you'd like to learn more in-depth then please consider joining AIMS here. Use EASTER200 Coupon Code to knock $200 off the price. 

Most Kind Regards 

Immy AIMS

Really and Honestly Trade The Setup 1

This setup is much more powerful than even I thought myself.

It just never seizes to amaze me. The Setup is a perfectly testable idea. Anyone can look at the rules, test it on past data and do a forward test. To date, Nobody has ever been  able to come to me and say, "this did not work". Why? Because "IT WORKS". How do you know that it works?

To Find Out, People join our forum, they go through the course material, start trading the simple method, they complete a batch of T20 (The T20 Principle has been our greatest achievement thanks to Mr. Douglas) testing the Setup 1 idea and nearly all of them get the following result.

33% winners 33% Break Even Trades and 33% losing ones.Winners are Twice as big as the losers. 

You will get 5% on average per T20 (risking only 1% per trade).

The Setup shows you where to put Stop Loss, Where to Take Profit and Where and When to move Stop Loss to Breakeven.

Plus Snorms Fantastic ATM Expert Advisor can automate the trade management bit for you. So you won't have to try to "be disciplined" because the BOT will do it for you. #for-exe.com #Snorm www.FOR-EXe.com 

Slap me on my face if you did not get it. Tell me if this did not happen for you. It WORKS

And Hey I've even shared all the pics of the Setup with you already. What we then offer inside the AIMS Forum and Chatroom is help you get disciplined and actually be able to DO IT!!!

All the money paid for discipline? oh yes... Discipline is the most expensive and hardest to find commodity when it comes to "BEING SUCCESSFUL". 

Below is screenshot of trades we took using our Favourite Setup 1 trading the #DAX30 this morning.

Followed by a Trade Setup on #EUR/USD that we were able to identify on H1 chart.

13 Quality Tips for Investors and Traders

In the following sections, we list some rules that can help investors improve their investment decisions. 

These guidelines come from our experience and are not necessarily based on new theories.

1. Know Yourself

If you start sweating when you watch the price swings of a product

you have invested in, you either have the wrong trading concept, are in

the wrong products, or your positions are too big.

2. Put Your Ego Aside

The biggest losses happen after investors make their first big profits.

If you accumulate profits with a proven, tested investment strategy,

you can pride yourself on its success.

However, if you make profits without an investment strategy, you

may lose not only all your prof its but your total investment. Unexpected

price moves do not have to mean big losses; they occur because

investors work with the wrong trading concept.

3. Hoping and Praying Do Not Guarantee Success

Many traders keep repeating the same mistake: They take small profits

and let the losses run. The main reason to work systematically

with an investment concept is to get the best average performance.

This requires placing a stop-loss with every trading position and calculating

the profit target when opening a position.

Hoping that losses will become prof its by waiting a “little bit

longer” is gambling. It might be appropriate once in a while, but in

the long run, it ruins every account.

4. Investors Must Learn to Live with Losses

It is easy to enjoy profits, but everyone hates losses. A market price that

drops below the entry price is not the only reason for a loss. If a position

with a 100 percent profit is liquidated at the entry price, this is

also a big loss in the account, although it may not seem as damaging.

5. Never Double Your Losses

Dollar-cost averaging is one of the best strategies for investors if they

execute it systematically as part of a long-term strategy.

Almost all huge bankruptcies in trading companies worldwide

happened because they doubled up losing positions. Hoping to recover

losses through additional leverage never works unless someone is really

lucky.

6. Know Your Pain Level

Investors create their biggest problems when they change their investment

strategy without sufficient reason. The trouble begins when

traders jump from one trading strategy to another to follow the shortterm

sentiment, mainly because a product seems to have changed.

Each investment strategy has its advantages and disadvantages.

Someone who has expertise in picking stocks should continue to use

this approach, despite the risk of big drawdowns. A perfect trading concept

does not exist, unless someone has discovered a niche product and

keeps quiet. At the same moment that this niche market becomes common

knowledge, the profit potential disappears.

Each investment strategy has a predetermined pain level that investors

can identify. It is important to know this pain level before executing

an investment strategy.

7. Diversify the Risk

No matter how promising the future of a product may seem, diversify

the risk. Many traders profitably trade the same product every day and

are especially successful in intraday trading. But these traders are disciplined

and have specific product knowledge that is not available to

most people.

In general, diversifying the risk with a systematic trading approach

will result in a much more stable equity curve than investing

in a single product.

8. Making Money by Trading Is Hard Labor

Many people believe that that it is easy to make money by investing in

stocks, bonds, stock index futures, or commodities.

The opposite is true. Investors who show quick profits through

trading either have inside information or are remarkably lucky. Average

investors have neither of these advantages.

All traders must develop a personal profile of risk preference and

find a systematic trading style that fits the profile. Then they have to

execute it. Months or years of systematic trading may be necessary before

real-time trading results confirm that the trading concept works.

9. Intuition versus Execution of a Tested Trading Concept

All of the information that comes over the tickers, from newsletters,

and through the Internet is already old when we receive it. There will

always be someone with faster access who can take advantage of that

information. Speculating with this “old” information is dangerous.

Trading concepts that have been tested and have good historical

track records on paper provide valid information only if the advisor is

willing to share how the trading concept works.

Real-time trading records are only reliable if market behavior

does not change. Many of the successful fund managers in the 1980s

did less well in the 1990s because the market patterns were very

different. Investors must be highly skilled to identify trading concepts

that did not perform well in the past but will perform well in

the future.

10. The Importance of a Trading Plan

The secret of success on the exchanges is not to make money fast, but

to make it consistently.

One of the most difficult accomplishments for traders is to create

a portfolio that builds up equity over the long term, independently

of market conditions. To reach this goal, it is essential to work with a

reliable investment strategy and to guard against being greedy.

11. Feel Comfortable with Your Trading Strategy

Successful traders begin the morning with a trading concept that they

can use comfortably for executing trading signals throughout the day,

no matter what the markets are doing.

Feel good about your trading strategy as long as the real-time

trading results are in line with the historical test results. If the maximum

drawdown gets bigger than the drawdown of the historical test

results, reevaluate the trading concept.

12. Nothing Is More Important than Discipline

Discipline is always the most important attribute of successful

traders. Many traders fail or have limited success because they cannot

control their emotions and execute their established trading strategy

in any given market situation.

13. Value of Available Trading Concepts

Many worthwhile trading concepts are available. But none of them

will always make money. An effective trading concept does not have to

be difficult, but it must be executable. The trader has to believe in it

and be willing to trade it even after a string of losses.

CANDLESTICKS, FIBONACCI, AND CHART PATTERN TRADING TOOLS - Robert Fischer

Dax Shatters the Friday Myth

One of the biggest problems traders bring to trading is such preconceived notions and ideas about certain days of the week and months of the year. Mondays are this, fridays are that, August is this and december is that ... 

Today DAX broke out at London Open, which we call the LOBOT ... 
Moved a 100 points without hitting a candle trail on m1. WE had an entry timed with Box Break of M5 and one add on. A juicy 100 + 80 points... this ends the month of December trading on Dax. But hey we won't stop until the 15th of december. 

So looking at this picture above you might have thought "oh I missed it". Worry not for there was a hunt signal after the 100 points more. YES

Have a Great Weekend 

[The above is a copy of my post in our Members only Forum and Skype Live Trading Room]

How to Make Money in Forex

A Very Important Question ...

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

Do You Understand Your Method?

Simple vs Complex 

The more complex a trading system the more chances of finding ways to break rules. That is because complex systems usually have a larger number of rules. And often, the rules themselves are quite difficult to understand. So, complex systems or methods generate more "rules"  in quantity and the more rules you generate the more complex the process. Its a cycle. 

Simplify Simplify Simplify 

as once said by the great Albert Einstein. Because as long as you don't find a process "being simple" it is probably because, (assuming the method is relatively simple) you don't yet understand it. So, assuming you understand the method ,and perceive it as simple, chances are that it actually is simple and not just simple for you alone.

Hence simplification is our main objective. Not over simplification but just enough that fits our mental capabilities. Over simplification could be a result of generalisation and that may lead to fallacies.

The Simplest Method

The simplest of technical analysis is looking at the price without many additional indicators. It is performed by "simply" looking at the peaks and troughs of the price. You'd want to find its "obvious" trend direction and perhaps a little information about the "momentum" of the trend. One can find its momentum using a simple oscillator. (eWave or AIMS Wave e.g.). You can use a moving average for trend or even Elliott Wave analysis using our 10s to Elliott Wave Technique.

A Simple Trading Method

However looking at the price itself is more important. It leads to a form of analysis that is "logical" and makes sense. e.g. The most popular and very interesting way of analysis the market is looking at "supply and demand" zones or Support and resistance areas. Here you see price comes to a certain zone of price levels and it keeps bouncing off it.

If done correctly it is often a solid evidence that there is something there. That certain types or orders (whether buy or sell) sort of balance out at those levels and the opposing orders exceeds ... If we agree that prices usually trend upwards when the buyers "create a force" in that direction that outweighs the selling "forces" then that means that at any given time if prices trend upwards then the "balance" of forces is shifted towards the up side and vice versa.

So when the price reach those price levels/ a zone of price levels, where it gets stuck. We can infer that perhaps the "supply and demand" forces balance out at those levels. Now this is solid information and it can be used. e.g. if your system generates a buy signal and it happens to be just under a zone of resistance, creating a metaphorical ceiling" then it would be logical to filter that signal and wait and see whether price actually breaks past that "barrier".

Another form of trading is to simply look for patterns created by a set of indicators. Both are great but your success, longer time consistent success, would depend on your, repeat YOUR ability to remain disciplined. You can only find it easier to be disciplined, on and only, if you fully understand the method. If you fully understand the method, you understand your edge. You know the probabilities of your method. As such it would be ok to say, that you believe in your method. And why shouldn't you because you have done your back testing, and you know that the data suggest that you have a positive edge.

The Key

The key to success is discipline. And if you are disciplined and the analysis process is not too complex the chances of success increase.

AIMS The Hunt method, is the nectar of 7 years of trading experience on live accounts and interactions with several hundreds of people/traders.  The simpler the method , the slower the method, the more chances of creating "successful" traders. Period.

How to Make things Simpler and Easier

There is no need to make things more difficult than it really needs to be.

"Complex things are simple when you break them down." .......... Josh Kaufman
This is explained in more detail inside our forum. Its a method taught by Michael Douglas in his book Trading in the Zone. We adapted that concept and call it The T20 Principle. We simplify a trading method and start from there. More on this inside.... 

The Fractal Geometric Trading Method [Did you know?]

You don't have to leave work to trade the forex market

Do you work full time? Have no time to trade? I have a solution for that. I will give you a strategy that requires only 15-30 min of chart time per day Sunday to Thursday. Yes, no Friday, just chillax. :) Or it could be Monday to Friday...

Do you work part time? Have a little bit of time but not much? I have a solution for that. I will give you a strategy that you can apply to the four hour charts. You'll check your charts every 4 hours 3-4 times a day or less from monday to friday... that's it...

Do you work variable shifts? Have a little bit or more time to trade? Do you want to trade Intraday? How nice, I have a solution for that too. I love the Hourly time frame. I'll give a strategy specifically designed for this time frame and this way of trading.

So what is the strategy? Well, you probably already know it. Its Called AIMS The Setup and AIMS The Hunt. These two method are a result of the past 10 years of trading forex, stocks and commodities.

What is the BEST Time Frame for New Traders? 

We've traded all the time frames. You name it, we did it. And our conclusion is that the higher the time frame the EASIER it is to trade. There are only a few people in the world who are designed or have the capacity to be trained for the fast Five or one minute time frames. I have found a handful during my search for the right "fit".

I'm blessed, personally, that I can trade the five or one minute time frame but for a larger majority, the higher the time frame the higher the probability of success. It just fits rightly with the "human psyche".

I'd like to share one of my messages in our Skype Live Trading Room (The Hunt Section) from today's chat.

"I'd like to clarify that I don't trade DAX m5/m1 (or anything else on those time frames) and if that is the only reason you're here (as members of The Hunt group or looking to join) then perhaps there is no value for you in this group. However, I would urge you to consider staying because what we have going here is far more powerful than just that. :) And its not just about the Chatroom. Its about what will happen in the Hunt Dedicated website. :)

Join me in the journey towards trading the higher probability way. 

The WAY of KNOWING exactly where price is going and trading those ideas using your entry setups... :)

THE Fractal Geometric Trading Method.