Skip to main content

DAX Report 18 December 2017

I am known to not trade past the 17th of december usually that's the third week of December. But this year I decided to trade a few days extra. The Market was not still or what people call "thin" blah de blah. I have no idea whether that was the case or not, I'll be lying if I did because I don't have any access to Volume data. We don't need that data anyway.

So I traded a nice little 1R profit trade in the morning session followed by a DS0 Trade. I was really upset about it since it is one of those setups that I keep telling myself first and others NOT TO TRADE.

I took it into the what we call the 4th wave of M5. I was a bit distracted but that's not an excuse. I must make sure I am not distracted during trading times. I need to be absolutely focused. The trades are below...

First Trade was London Session Long. I monitored the price going up, then creating this rather weird looking Scooby Pattern. I knew there was a 5th of the 3rd Up in it. Or in other words, I traded the Light Blue Dot long trade. 
[For more information of these rather unfamiliar terminology you'll need to read our trading course]



\B3-T17 Entry 



The Trade Took Off Quickly and Hit TZ1 Moved SL to BE accordingly

The Exit for 1R Profit. I had TP at 2R but saw it react around TZ1 level so took the available profit. This is allowed in my individual Trade Plan so its a DS1. 

This is a bit of a mistake. I was just setting up an order and mistakenly hit Market Order. I mustn't make mistake like these. 

A new box low was created. I was not confident but decided to put an add on. You need add on trades for Apple Signals. That is what makes it highly profitable. Result was half an R Rent paid. NEXT

One of our beloved member of AIMS Skype Live Trading Room, Jozef the J man took this long after my long above. It was awesome trade. 2R profit was hit nicely. Chart as follows. Well done Jozef

Jozef's trade with some constructive guidance. ahem 

And finally ... Can you answer the following question ?  



Popular posts from this blog

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?

They all ask that question, and s…