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Stop Worrying and Start Trading

This song has a great message for all the traders!




Let it go.  :)  Let to go of what?
Worrying, Fear, Greed, The need to be Right? Yes, Yes, Yes ...

There is a state of mind that we call "the zone". It is the state of mind that is called the state of "Knowing without knowing how you know". You don't know why or how you know but you just know. You're totally in tune with the market and enjoy trading. That's when you're in the zone, in the flow, in the now moment of opportunity.

Wouldn't it be nice to get into that zone at will? Oh Yes, it will be nice, I say. 

In order to get into the zone, a trader has to let go of the need to make money. You have to allow the market do its thing. Let  go of the need to win all the time. Let go of this constant egoistic hunger of being "Right" all the time.

You might be thinking and asking wait, "aren't those all the things I want in my trading, to be right more than wrong, to win and not lose?". Well my friend, while trading is a simple activity the rules of this world, the trading world, are slightly different. Did I say slightly, let me correct myself. The rules of trading and rules of general life are quite different.

It is is because "Trading is a Pattern Recognition Numbers Game". Its a game of having a Statistical Edge in the market. A trader understands that "there is a random distribution between wins and losses for any given set of variables that defines an edge" So stop worrying and start enjoying trading . If you'd like to know how to get into the "Zone", the correct state of mind for trading you will love our The Mind Section inside The Premium section of AIMS Forum. (Available to Premium Members)

Update Jan 2015: Now you can purchase our Trading Psychology Book "Activating The Zone" Click Here

And when you're in a trade ... Just Let it Be.... Let it Be



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Count Elliott Wave within 10 Seconds

After Reading this material you should be able to do the following:
Objective 1. Understand Elliott WaveObjective 2. Count Elliott Wave within 10 SecObjective 3. Learn how to use AO
Objective 1


What is Elliott Wave? 

We believe the market has a structure. That structure is Elliott Wave. We also believe that the structure also has a structure and that structure is shown to us on our charts by using our indicator AIMS Levels. EW consists of impulse waves and corrective waves. We are interested in trading the impulse waves and avoid the corrective waves.


Which wave is most profitable and easy to trade?   


Wave 3 is where we make money. Our strategy puts us right into the impulse waves, where the money is made.


Hypothetically, this is how Elliott Wave looks like.



Within each Impulse wave there are 5 waves.  of which wave 1,3,5,  are again impulse waves whereas wave 2 and 4 are corrective waves.

An impulse wave consists of sequence of 5 waves starting from 1 up 2 down 3 up and 4 down an…

Count Elliott Wave in 10 Sec

Example of Setup 1 and Setup 2. In the Chart below the blue arrow that point to the Red Dot is the spot which we Call Setup 1. The next AIMS/Fractal Level immediately after it broke down is what we call Setup 2. At the Red Dot alligator was sleeping. While at the second break Alligator mouth was open to the downside. 
Updated 11:00 BST

How to Trade Wave 3 Make HUGE PROFITS

The most important thing I learned few years ago was that the market was a wave. Well not the market, but the charts that we look at. It always moves in waves. Someone actually named them after themselves but we don't really need that lovely name (Elliott Wave). Because we don't need to complicate things.

When I talk about waves, I don't mean the popular Elliott Wave. I mean the WAVE we have on the most beautiful indicator called, ahem it has many names, AO, The Awesome Oscillator, The eWave, AIMS Wave etc.  It helps us see the market in a smooth wave going above and below a certain Zero Line. .. It helps you ignore the going up and going down of the price concept. For us technical traders, we don't have an up and down as such specially in forex. All we see is eWave turning Red or Green.

Assuming you already know a bit about the wave. I know most of you will want to know the answer this fantastic question. How to trade the third wave?

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