Friday, 6 May 2011

Post NFP

NFP Brings alot of "chaos", that is new incoming information. We want this. We like volatility/volume. We want Chaos to be around us. All we have to do is look/wait for a setup. We need to have an attitude of Gratitude. We need to have a clear mind. We need to have mindset of being in the "Now". Which means stay on a chosen Time Frame and Ask, Is this a setup?.

Have a look please at this example.


3 comments:

  1. thanks
    on this exemple, at the second break out of AIMS level, would you consider the AO close to the ZL (it looks a bit far away)or is it the first breakout who does matter?

    Thanks

    Erik

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  2. Erik, the add on entry is based on AIMS level. Exit point at that time was opposite side of aims. AO had not peaked. Momentum was still rising, that is AO = light green. Alligator had opened nicely and we had second fractal/AIMS Level out of Gators mouth. Pretty High Probability Setup. cheers

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  3. Indeed the entry rules discussed are only for the First Entry. We have not yet discussed how to manage the add on entries. Perhaps soon.

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