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Message from
Immy & AIMS Support Team

What is Setup 0 1 and 2

The first step is to Understand AIMS The Setup [Download Pdf eBook and Indicators Package in your Dashboard]
User avatar
immy
Founder
Founder
Posts: 8348
Joined: Mon Nov 22, 2010 4:46 pm
10

What is Setup 0 1 and 2

Unread post by immy »

In this Video

I will talk about What is Setup 1 and I will talk about the difference between Setup 0 1 and 2
I will also talk about Why we like Setup 1 and Why its our favourite mode of taking a trade.

Note: Sorry about the low volume. You might have to crank up the volume of your device to its max. (hug) :D

Last edited by immy on Thu Aug 24, 2017 11:23 am, edited 1 time in total.
Opportunity is Nowhere :nerd

wam06
Posts: 63
Joined: Mon Sep 16, 2013 3:19 pm
8

Re: What is Setup 0 1 and 2

Unread post by wam06 »

very clear ! thanks

sailorfx
Posts: 1
Joined: Wed Mar 01, 2017 5:34 pm
4

Re: What is Setup 0 1 and 2

Unread post by sailorfx »

Good Video, thanks.

amarr84
Posts: 1
Joined: Mon Mar 06, 2017 12:46 am
4

Re: What is Setup 0 1 and 2

Unread post by amarr84 »

Thanks Immy!

User avatar
immy
Founder
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Posts: 8348
Joined: Mon Nov 22, 2010 4:46 pm
10

Re: What is Setup 0 1 and 2

Unread post by immy »

Thanks Amarjit, Sebastian, and Chris...

Let me clear one thing... I read Can's journal [btw: congrats and well done to Can for doing that] and found that Can's decided to Trade Setup 1 -2 and 0...

o.m.g as my daughter would say (8years)... frankly I'd say, that I'm a Bit disappointed with myself because my purpose of the video was to put emphasis on WHY WE WANT TO TRADE SETUP 1's only. There is a fundamental and most logical reason behind it.

Because through the past 7 years of data, we have found that the HIGHEST probability SETUPS are Setup 1's.... That is the whole point. [that is second to the Hunt signals btw]

Setup 0 gives you 40% success rate which means you'll have to have 3:1 average win to loss loss ratio. And to further enhance it you'll need the method of scaling into the trades. This is tough but very profitable but and its a big BUT most beginners can't cope with low win rate methods. Despite the fact the the insanely profitable methods are all under 40% win rate. Not an easy cup of tea for the beginner. But don't worry though, we got you covered. Read on


The problem with new traders is that they don't , in 95% of cases, YET, have thePROBABILISTIC MINDSET, that is an essential requirement for trading success. WE hae a solution for this. Thanks to Mark Douglas (rip)

The T20 principle is used to achieve 2 things.

1. Discipline and Patience that leads to Consistency

2. Probabilistic Mind, meaning you treat your trading outcomes with probabilities in mind .You don't judge every trade, rather you trade a "set" of trades. [remember school, the geometric sets etc.. etc] You know that for trading successfully you need a trading strategy that gives you a statistical advantage .You also know that the outcome of an individual trade matters not but the outcome of a single trade is "random" however the outcome of a set of 20 trades is "quite predictable" and fits within the range of of possible outcomes. The outcome of one trade is really radom, yet the outcome of 100 trades is pretty much ordered.

3. (its usually done in demo) so it gives you the replica mindset of trading in the zone. You experience while not being in the zone, how you'd feel like when you will be in the zone. That is RISK FREE STATE OF MIND.

ONCE YOU acquire the proper mindset, essential for trading success, i.e. consistent profitability, that is when you trade with probabilistic mindset. You are confident because you a. you know exactly what are the possible outcomes that you might see (except the black swans). Your confidence is cummulative as its based on your probabilities and past e experiences. You know it works.

At this stage you don't fear and you are able to cope with fear and stress easily [relatively]. You'd find that you get in the zone easily. Completing your first T20 batch is a MAJOR step towards that mindset.

Its a gradual process and success builds upon success however small the steps may be it leads to the final destination...

hope it makes sense.
Opportunity is Nowhere :nerd

Hill
Posts: 94
Joined: Tue Nov 18, 2014 11:45 pm
6

Re: What is Setup 0 1 and 2

Unread post by Hill »

Thanks Immy for the explanation.
immy wrote:Thanks Amarjit, Sebastian, and Chris...

Let me clear one thing... I read Can's journal [btw: congrats and well done to Can for doing that] and found that Can's decided to Trade Setup 1 -2 and 0...

o.m.g as my daughter would say (8years)... frankly I'd say, that I'm a Bit disappointed with myself because my purpose of the video was to put emphasis on WHY WE WANT TO TRADE SETUP 1's only. There is a fundamental and most logical reason behind it.

Because through the past 7 years of data, we have found that the HIGHEST probability SETUPS are Setup 1's.... That is the whole point. [that is second to the Hunt signals btw]

Setup 0 gives you 40% success rate which means you'll have to have 3:1 average win to loss loss ratio. And to further enhance it you'll need the method of scaling into the trades. This is tough but very profitable but and its a big BUT most beginners can't cope with low win rate methods. Despite the fact the the insanely profitable methods are all under 40% win rate. Not an easy cup of tea for the beginner. But don't worry though, we got you covered. Read on


The problem with new traders is that they don't , in 95% of cases, YET, have thePROBABILISTIC MINDSET, that is an essential requirement for trading success. WE hae a solution for this. Thanks to Mark Douglas (rip)

The T20 principle is used to achieve 2 things.

1. Discipline and Patience that leads to Consistency

2. Probabilistic Mind, meaning you treat your trading outcomes with probabilities in mind .You don't judge every trade, rather you trade a "set" of trades. [remember school, the geometric sets etc.. etc] You know that for trading successfully you need a trading strategy that gives you a statistical advantage .You also know that the outcome of an individual trade matters not but the outcome of a single trade is "random" however the outcome of a set of 20 trades is "quite predictable" and fits within the range of of possible outcomes. The outcome of one trade is really radom, yet the outcome of 100 trades is pretty much ordered.

3. (its usually done in demo) so it gives you the replica mindset of trading in the zone. You experience while not being in the zone, how you'd feel like when you will be in the zone. That is RISK FREE STATE OF MIND.

ONCE YOU acquire the proper mindset, essential for trading success, i.e. consistent profitability, that is when you trade with probabilistic mindset. You are confident because you a. you know exactly what are the possible outcomes that you might see (except the black swans). Your confidence is cummulative as its based on your probabilities and past e experiences. You know it works.

At this stage you don't fear and you are able to cope with fear and stress easily [relatively]. You'd find that you get in the zone easily. Completing your first T20 batch is a MAJOR step towards that mindset.

Its a gradual process and success builds upon success however small the steps may be it leads to the final destination...

hope it makes sense.

User avatar
Jozef
Posts: 317
Joined: Wed Mar 22, 2017 8:43 am
4

Re: What is Setup 0 1 and 2

Unread post by Jozef »

There is nothing to add. The video is clear and understandable . Thanks Immy. Great job.

nickpap91
Posts: 1
Joined: Sun Jun 21, 2015 4:28 am
6

Re: What is Setup 0 1 and 2

Unread post by nickpap91 »

This is the best video.
Very clear, thank you Immy

User avatar
immy
Founder
Founder
Posts: 8348
Joined: Mon Nov 22, 2010 4:46 pm
10

Re: What is Setup 0 1 and 2

Unread post by immy »

nickpap91 wrote:This is the best video.
Very clear, thank you Immy
Thank You Nick. Glad you found it of value to you.
Opportunity is Nowhere :nerd

User avatar
terence
Posts: 51
Joined: Sat Aug 17, 2013 8:46 pm
8

Re: What is Setup 0 1 and 2

Unread post by terence »

Thanks Immy, a great refresher especially for me as I was inactive for a time.
If it is to be, it is up to me!