Thursday, 28 July 2011

How to Trade the Dots - AIMS Entry Indicator

Here is a beautiful trade for this morning. Using NO LOGIC. Just wait for alert. Put pending. Wait for Alert Exit.
Simple is THIS!

Setup 1.  At the time of putting pending order short, it was Setup 1. That is the alligator was sleeping and price was inside aims and dot was inside aims as well (meaning the candle with the red dot was still inside aims.)

Setup 2. At the time of trigger the alligator had opened up already. So we put our pending around Setup 1. but by the time our order triggered it had converted into Setup 2. Setup 2 usually comes right after Setup 1. But Setup 2 can at times come without Setup 1.