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]
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| B3-T17 Entry |
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| The Trade Took Off Quickly and Hit TZ1 Moved SL to BE accordingly |
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| 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. |
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| 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. |
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| 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
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| Jozef’s trade with some constructive guidance. ahem |
And finally … Can you answer the following question ?
