Some Nice Setups After News today

Hi

Here are few charts from today's action. It was a boring morning as expected because they were all waiting for BOE Gov to speak. As soon as they spoke, something, who cares, the markets responded and created nice setups here and there. Some we caught others we missed... Good day after all.

#EUR/USD How to add on! 

#GBP/USD How to Add on to your trades

#EUR/JPY Japanese Princess Treating us well again..

#USD/JPY Dollar Yen no harm done! 

And some more trades from this week!

Enjoy! 

John wants to know if there will be enough trades on daily time frame

Q:  A full time job restricts me to trading daily/weekly charts. Is the AIMS system worthwhile on those timeframe? I assume the system will determine sound entry points, but will there be (generally) enough trades to make the system effective

Ans: 

Hi John
New, inexperienced traders worry about having enough setups. Would I get enough setups? Would I have to wait for days? but the professionals are always busy filtering the setups. They find too many setups and remain busy filtering them. Its not a search for "hard to find" trading signals or setups its rather a skill, a decision making process of choosing the right signals. You need the right set of tools and rules to do that successfully. This is #AIMS. This is #AIMSStressFreeTrading 

Yes there will be plenty opportunity on the daily or weekly time frames. Yes, they wont be as frequent as the shorter time frames (timewise) but they will appear in the same proportion. 

We believe in the "Science of Chaos". We believe the market is a product of chaos and a great example of fractal geometry. Think waves within waves within waves. If the market is fractal geometric then the frequency of trades per time frame will always remain the same. 

Let me try to explain this using analogy E.g. if an M1 chart creates a setup each set of 7 Candles/Bars that means the daily chart will also create a setup every 7 candles/bars. The only difference is that time wise a setup will appear every 7 min on an m1 chart but every 7 days on a daily chart. 

Check this Trade I just took on EUR/JPY. It took 15min to complete. Its a nice 1.5% account growth. A similar trade on Daily time frame would take 15 days and raise your account by 1.5%. Not bad I would say. 

Here is an example of a recent trade on AUD/CAD on Daily Time frame. The trade was a 2% account growth on this entry but an overall over 5% trade (we add on using our techniques). The trade took 45 candles (i.e. days as its a D1 chart) to complete. 

We believe that if a Setup, a trading signal setup, does not apply to all time frames, if a trading technique does not apply in similar way to all the time frames, it is probably a false setup. It is not correct, it is not in line with the "structure of the market". We know the structure of the market. We believe the market is not "un-organised". Its not noise. It is highly organised and it has a structure. That structure is the same no matter what time frame you trade. 

This is #AIMSStressFreeTrading! 

IT works on ALL Time Frames, All Currencies and All Commodities and Stocks. You just have to find the "Courage" to trade it. 

Join Now to Find Out How to Trade in line with the Structure of the Market. 

Three Ways to Get Into the Market

If someone were to ask me, "how do you make entries into the market" or "How do you trade"

I'd say this to them... 

I have 3 ways to get into the market 

Three Ways to Get In
1. Classic S1 entry (I try to take this in the direction of 3x or 5x HTF Trend) 
2. The Seed (in the direction of the current time frame)
3. The Fruit ( at the peak of Wave 2, Wave 4 or Wave 5) 

I also have 3 ways to Get out of the market

Three Ways to Get Out
1. Target Point Hit (based on Fib Expansion and AIMS levels to the left- Simple Stuff)
2. Stop Close on Green/Red Line (Moving Average Trailing Stop)
3. Candles or AIMS boxes Trailing Stop Loss Hit. 

(ps... Never Get in our Get out of the market without a certain valid reason/s)

Is Cable Heading South Again?

Well, I don't know about that but what I do know is that in the short term its pulling back from its highs on the Daily chart and may retest the AIMS Low and meanwhile we may see a nice wave 5 to downside on H1. That wave 5 down should also create some nice M5 trades of which I took one this am. 1.5955 may be retested. Lets see what happens. Here are some pics using The V5.1 (advanced) Template.

Here we see a nice Wave 3 down and we are looking for a wave 5 down. But see what happens in the next picture

We now have a new situation, What we thought was a 5 turned into 3. This happens quite often and I love it. 

87 Pips Today to finish the week

87 pips means 8.7% account growth. Thats what you get trading AIMS Stress Free Trading. A Simple but powerful trading strategy. Here is another picture from today's Fantastic Setups. Come On Join in!

Don't forget you only have 10 Days left to get your 20% Discount on Premium Membership. There will be no more forum membership as Premium Members after the 24th of Dec. Join Now... Click on Buy Now Button above.

FREE Book - Beginners Guide to Forex

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AIMS Stress Free Trading
Beginners Guide to Forex

Join Our Mailing List and Instantly Download Beginner's Guide to Forex eBook and Our AIMS Forex Widget 100% FREE

Forex Widget 

The Forex Widget is a completely customisable indicator, for MT4, that displays:-

• Tick value 
• Spread
• Bid Price
• Ask Price
• Time left to bar close
• Average Daily Range (ADR) for your selected number of days
• ADR High and Low lines
• Risk, in lots, for your selected pecentage risk and stop size
• AIMS Pips - the distance between upper and lower fractals (AIMS Levels)

Update: 13th April 2012 new additions: -

• Symbol name
• Local Time
• Broker Time
• Time Zone 1 
• Time Zone 2

Update: 20th April 2012: -

• Added Weekly Range
• Fixed bug with the ADR Lines

Customisable options, for full control over the way you like your data displayed:-

•Select as much as little of the above options - just chose the one, if that's all you need
•Window - main price window or any sub-windows, to display the Widget
•Which of the four corners of the chart you'd like to display the data
•Whether or not you want the rectangle background and what colour you want it
•Font type
•Text size - label and data specified separately

You can load the Forex Widget several times, if you want to display the data in different parts of the chart or change the formatting of some data.

We plan to update this indicator with some more options in due course, so please visit again to check on progress.

Join Our Mailing List and Instantly Download Beginner's Guide to Forex eBook and Our AIMS Forex Widget 100% FREE

A Members of AIMS Community - 66 percent Account Growth

Well one of the AIMSter posted their results for Jan, Feb, March. I thought I'll share with you.
66 percent Account Growth! You can do it too.... 


The Most Important thing about these stats beside the 66 percent over all growth is that this guy spends less than an hour a day in front of his computer. How cool is that?

AIMS Advanced Entry Alert

We are working on our New Entry Alert . Its is almost done. Just look at the picture below. Imagine!

An Open Letter to All Forex Friends

Last Week one of AIMS Trader, a Member of AIMS Trading Community at www.AIMSForum.com (A Dedicated Forum for AIMS Subscribers Only), wrote an open letter to all the members. (100% unsolicited)

Below is a snapshot of the post in the forum.

What A Great Trade - 91 Pips Gain

Here is a Trade Example on M5 for today. London Session was not much fun but in the afternoon just when the New Yorkers Entered the scene there was a lovely Setup on M5. It resulted in a total of 91 pips. Now that is equal to around 4% growth!

A late Night Trade based on M5 Levels 20 pipper

I was out to see a friend and got late a bit. As I returned home and looked at the charts out of curiosity, cant sleep without having a look at charts, so I got this trade based on M5 Sleepy alligator. This was not a pink dot trade rather a trade off the Saddle point on m5 but timed on m1 for entry and exit.

Today, Had a Rent Trade followed by a 20 pipper. Paid a couple rents earlier too because of a couple of not very disciplined trades. So Up .5% for the day so far.

Weekend Free Time

Hello

Its been 17C day today in Birmingham. Enjoyed the day under the partly cloudy but mostly beautiful blue sky and a lovely warm sunny afternoon. I love the summer.

I am a big fan of Bill Williams and his daughter Justine Lara-Williams. They are both amazing people and what they teach is of a great value if one understands. They are professional traders and they enjoy trading and teaching what they know. I have not met either of them but from the books, forums and fellow traders I learn that Justine is a very good teacher. I know for a fact that Bill is definitely a great teacher, thinker and trader. And a very good person.

I AIM to trade like them. I love Profitunity trading approach. This surely is a holistic approach to trading. Please visit www.profitunity.com for further information. Those of you who had the opportunity to meet them personally and had private tutorials are lucky people. I am definitely going to visit them and have a private tutorial.

Meanwhile I am applying the strategy to forex and future markets.

I'd like to add a good reliable platform for Stocks and Indices to my arsenal but I need help. I have used Sharescope in the past which was recommended by Malcom Pryor in his book "Winning Spread Betting Strategies, 2009"  and the "Financial Spread Betting Handbook, 2007, Harriman House. Enjoyed using it but later I switched to forex and forgot about that. However Profitunity Group recommends CQG, eSignal, Tradestation and MetaStock. CQG being their favourite. I hope someone helps me decide.


meanwhile Have happy weekend.

The Beauty of H1 and H4 Trading

The reason I started this blog was partially because I had started looking at Higher TF trades ie.e H1 and H4. However H1 is so damn perfect. Like Robert said in previous post, its not a secret. Just find a sleeping alligator and take a trade. Well if you take a setup like this when you know that H4 alligator is already open and AO not peaked or diverged, you'd love it. Simple does it!