Hope you had a good Thanksgiving Weekend. Maybe you bought a few things during the Black Friday Deals? or maybe one you were one of the lucky ones who got themselves a 50% discount on AIMS premium Members? Oh well, if not, you definitely missed a chance.
So, today turns out to be the BEST TRADING DAY of this year. I can happily call it a Year. I can happily say, that's it, no more trading this month. This is the end of this year. Because today started with a 200% ROI trade, that was immediately followed by a 400% ROI trade. That means a 2% Profit and 4% profit on 2 trades.
Although usually that's the end of it. Today was not the case. Immediately after the up run, market decided to crash down. That was my cue to get ready for a Hunt signal. BEfore I knew it, there was the HUNT Pattern right in my face.
I took the trade. and BOOM ... another cool Effortless, Stress Free 2%. Remember this trade was completely risk free. Even if I lost 2% on this trade, I'd still be left with 4% profit. So I was sitting at 8% profit.
I decided it was time to make the Daily London Report Video. I did that, and had quick lunch.
And before I knew it, something else was cooking. My little nephew kept saying, "dax seems to be tanking" without any signs of stopping.
That gave me another excuse to have a look. And I remembered something.
The lifelong lesson that goes against the ordinary trader's mindset.
Normal traders are aggressive traders when the market is sideways and leave the screen when market moves.
I knew the chance was there. Selling indices is VERY Easy. You're dealing with LACK of buying. and lack of something requires a LOT of power to fill. that is why Markets crash far more easily than climb.
So here is the Video of the session.
It has been a smashing day on Dax Today. And you will learn a few things in this session. I hope you like Today's Video some interesting stuff I talked about... Me thinks
Including:
Erics Question about Whether its a good idea to trade the Nikkei 225 or Japan 225 index.
Welcome to Immy's Daily London Open Report Episode #1
Hi, This is Immy from iTradeAIMS. But I'm guessing you already know that right?
I'm excited and welcome you to my Daily London Report. I used to do this in the past for members only but now It's going to be for everyone.
What is the London Report
So, I have decided to start sending out a daily report of the London Session. In these videos I'll talk about the DAX and The FX charts as well. I will go over the charts and discuss and analyse what happened and what's about to happen.
As you might know we trade The DAX30 during the first two hours of london session.
and What is DAX?
The DAX 30 Stock Market Index (full name the Deutscher Aktien IndeX, which means German Stock Index) consists of 30 large, blue-chip German companies trading on the Frankfurt Stock Exchange.
Just like the FTSE 100 and S&P500 it is a capitalization-weighted index so it essentially measures the performance of the 30 largest, publicly traded companies in Germany.
It surely is a stronger indication of the strength of the German Economy and investor sentiment towards the German Equities market.
However for us, we don't care about the sentiment etc. What we care about is that it moves. And YOU can make a $500 daily killing on it (when it moves).
And oh Yes, it's not a forex pair but the way it moves, makes it perfect instrument for Setup 1 on the M1 Chart. That is because its highly volatile, most of the days.
So, I'm going to be sending out these videos, hopefully, on a daily basis and hope you like it and watch it. And please don't forget to comment and hit the like button.
How I made $1000 Today from BED... (Not Proud at all)
I woke up early but it was too early. I thought to myself, you have two options. Wake up now hit the gym and be on the desk or take it easy and hit the gym later.
Obviously the second option was great. But then I overslept. As it happens. Very embarrassing. DISCIPLINE IS KEY.
But then again, I always keep my laptop next to my bed. So I opened it right at london open 8.00am.
And so I took a trade using the LOBOT method which lead to a breakeven trade but then price went up against the open.
It broke the previous range and then retested the range highs.
I was now thinking, damn if I go to brush teeth I might miss this. Should I stop being a "d***" and wash up or should I stalk this m1 chart
The later was the obvious choice here since I could not leave this epic situation.
I will continue to trade the DAX on M1 time frame using The Fruit Method
I will also trade DOW M1 during the NEO Session
1. Play The Market Open Drive (Catch the open breakouts etc) 2. Play the rest of the period post Open (after the first 20min) using Fruit method rules etc
However, I'd like to remind ourselves this.
What is the Fruit Reversal Entry For? The Fruit Reversal Mechanism is for, like the name suggests, Possible Reversals.
The message is plain and simple.
But when we start to trade, we start trading every time we see the Fruit Bar Entry Signal.
*That ain't it Chief*
Always
The Fruit Entry Signal is ONLY valid when the RUBBER BAND principle Apply.
You always have to ask, yes, lets do reversal but *Reversal of WHAT* > has the market "Pulled away from the gator too far too fast?" > has price broken all the levels and gone so far up so quick that it cannot sustain it?
For me I trade the OPEN Drive, as the name suggests, at the Open.
and I may utilise Box, momentum, fruit or box entry to catch the first move.
add on as much as possible keeping risk under control.
then soon after when price consolidates. Now I'll only trade the Setup breakouts, may use apple to get into next wave up. (I won't call it wave 5.)
so there it is. And I will post here one or two times, how the session went.
