Its morning and its Friday. If you were up for the HD session (ie Frankfurt Open at 6GMT) You'd have enjoyed a saddle point on m1. This is what we do. We want a confirmed trend on m5 and find an entry on m1. How do we do that. We have two setups. Setup 1 is what we call the saddle point. Setup 2 is the Open Alligator setup. Please click here for further details.
For months I was wondering if only I could get something to alert me while I was away from my computer It would save me the headache of checking my charts again and again without any solid reason. Well now I have found the answer. I dont like to clutter my charts with arrows and big symbols but I sure needed something alert me to the charts. After all even if you're trading the busy M1 charts there are periods of inactivity. Hence I thought a sound alert with a dot on the charts would just do that job. I can sit in the sun or perhaps help my better half change the little one's nappy or something!!! The Dots are a quantum leap!
It is important to understand that the markets have a structure and that structure is Elliott Wave (EW) . And that this structure has a structure a well and that is the AIMS Levels. It is also very important to understand that always, always there is an EW of certain degree between a lower and upper AIMS level. It could be 1-5 sequence or a b c zig zag sequence.
The only problem is counting Elliott Wave (EW). They all say that 10 people can give you more then ten different counts on the same chart. Which actually means we see what we believe is there. We create our own reality. One sees something the other sees something else. and the funny part is, they are all correct because its their reality and its real for them. As long is it works it does not matter whether is true of false. It works.
The solution to that problem is a creative one. It is AIMS AO. You can use AO to count waves and make entries and exits at correct spots. Please read this article on "How to Count EW in 10 Seconds". All you need is one indicator iTradeAIMS AO. or Instead Download the FREE ebook HERE
I'll explain here a bit as well
To time our entries and exit we use iTradeAIMS AO in the following manner. No matter what chart, wave of time frame. Any Wave either impulse (which we want) or corrective (that we want to avoid) is an EW. and by the help of Alligator (which shows the impulse waves that we want to trade) and AO (that shows momentum and wave count) we can achieve this objective with ease.
Step 1. We start from ZL and stay in all the way to peak. We achieve this by following our 2 setups.
Step 2. We stay away during journey back to ZL, from peak to ZL. That is we avoid choppy wave 4.
Step 3. We get on from Start to peak, if peak diverges we exit, if it creates a new peak continue. and then repeat process.
In order to achieve the above all we need is an alert that brings us to screen or brings our attention to the chart when we are about to start a fresh wave or about to finish a wave.
The Entry Alert would bring your attention to the screen when either 1 of our setup is there or just about to happen. On top of that you can let your trade run and wait for another signal to exit.
iTradeAIMS.com Entry Indicator does this for us. When you hear an alert or see it look at your chart and check the 3 rules. If the rules are ticked off put a pending and wait for opposite signal or close on green line. Exit are explained in the tab above.
Click Here to obtain this fine indicator. No thinking required no analysis just wait for indicator to alert you. But I warn you there is magic in it, but first you must understand the magic of using Alligator, AIMS Levels and iTradeAIMS AO. Once you know what those indicators can do for you, the alert will be a great help.
Click Here to get the Indicators
Edit: 12.08 UK Just took some nice m1 entries and would like to share how the indicator could help prompt us in advance.