just for a cup of coffee...
Im gonna wait a little bit longer for the kids then, thanks for the warning 
- #42,444
- Jan 9, 2020 6:47am Jan 9, 2020 6:47am
Hi Akim
hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe
let me know if i got anything wrong
For anyone new to the thread trying to learn Akim's Method i highly recommend learning Candle shapes and Patterns, they are really important in this trading Method, you can't just rely on the BB and MA's.
Akim talks all the time about set ups forming.... candle formations/Patterns for Long or Short, it really pays to learn about these...there are many! GOOGLE them
if you can identify these when they are forming at BB's then you will be able to make trade decisions.
like Akim says, i always trade in the direction of higher TF's...look for trade set ups on smaller TF's for entry in the same direction
when you become competent at this then you can also take scalps against the trend....when they appear as pull backs...hit and run for quick profit before the trend resumes
I always look for a set up around market opens, mostly London and NY for Daily trading
Today was a perfect example of a Short trade on the M15 chart for GBP
the set up was before Frankfurt open, but there was two other opportunities to enter before London opened
i entered the trade at number 3 candle marked on the chart as it retested the high before dropping and closing bearish.
i took this trade because the larger TF's were bearish, my SL was about 20 pips above number 1 candle
the second trade i did not enter, i make mistakes too and thought price was coming back to hit my SL which i had moved to BE after 20 pips
i had confidence to enter the 3rd trade as it set up the same as the second trade
I marked all possible trade entries to show what can be done with this method
These type of Daily trades i TP when ADR is close or i move my SL as price moves etc, bigger TF trades i leave to run
I marked M1 charts to show set ups...they are the same on any other TF
I have marked a M1 chart to show the 2nd and 3rd trade entries
i use the M5 and M1 charts (day trade only) after i have entered my first trade...usually on the M15 set up
without using the M5 and M1 for add on trades i would never spot them just using the M15 chart...helps to show me the pull backs etc
I'm not saying this is what everyone should do, but it works well for me
nothing wrong with just taking the first trade entry on M15
I welcome any feedback
Cheers All
hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe
let me know if i got anything wrong
For anyone new to the thread trying to learn Akim's Method i highly recommend learning Candle shapes and Patterns, they are really important in this trading Method, you can't just rely on the BB and MA's.
Akim talks all the time about set ups forming.... candle formations/Patterns for Long or Short, it really pays to learn about these...there are many! GOOGLE them
if you can identify these when they are forming at BB's then you will be able to make trade decisions.
like Akim says, i always trade in the direction of higher TF's...look for trade set ups on smaller TF's for entry in the same direction
when you become competent at this then you can also take scalps against the trend....when they appear as pull backs...hit and run for quick profit before the trend resumes
I always look for a set up around market opens, mostly London and NY for Daily trading
Today was a perfect example of a Short trade on the M15 chart for GBP
the set up was before Frankfurt open, but there was two other opportunities to enter before London opened
i entered the trade at number 3 candle marked on the chart as it retested the high before dropping and closing bearish.
i took this trade because the larger TF's were bearish, my SL was about 20 pips above number 1 candle
the second trade i did not enter, i make mistakes too and thought price was coming back to hit my SL which i had moved to BE after 20 pips
i had confidence to enter the 3rd trade as it set up the same as the second trade
I marked all possible trade entries to show what can be done with this methodThese type of Daily trades i TP when ADR is close or i move my SL as price moves etc, bigger TF trades i leave to run
I marked M1 charts to show set ups...they are the same on any other TF
I have marked a M1 chart to show the 2nd and 3rd trade entries
i use the M5 and M1 charts (day trade only) after i have entered my first trade...usually on the M15 set up
without using the M5 and M1 for add on trades i would never spot them just using the M15 chart...helps to show me the pull backs etc
I'm not saying this is what everyone should do, but it works well for me
nothing wrong with just taking the first trade entry on M15
I welcome any feedback
Cheers All
- #42,445
- Jan 9, 2020 6:50am Jan 9, 2020 6:50am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...
- #42,447
- Jan 9, 2020 6:53am Jan 9, 2020 6:53am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
Hi Akim hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe
just for a cup of coffee...
- #42,448
- Jan 9, 2020 6:57am Jan 9, 2020 6:57am
Gold
M1 entry
was watching M15
dropped down to M1 and waited for set up... inside BB's this time, they don't always test the outer bands!
but still you can see the candle formation
low risk trade as mt SL was below the lows not far away
M1 entry
was watching M15
dropped down to M1 and waited for set up... inside BB's this time, they don't always test the outer bands!
but still you can see the candle formation
low risk trade as mt SL was below the lows not far away
- #42,449
- Jan 9, 2020 6:58am Jan 9, 2020 6:58am
- Joined May 2017 | Status: Intermediate Trader | 6,435 Posts
Added few lots long from 1545... tp: 1552.... time to sleep... lets see if i wake up green or red.... ps.. pure gut feeling trades...
Extreme gut feeling trader
Hi Akim hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe
did you manually input the session 'LO' 'Tokyo close' or did you use some sort of auto system?
- #42,451
- Jan 9, 2020 7:00am Jan 9, 2020 7:00am
{quote} nicely done mate! keep them coming!
Hi Akim hope you don't mind the following, it's my take on your Method and I thought it might help some new traders... maybe
- #42,456
- Jan 9, 2020 7:20am Jan 9, 2020 7:20am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...
- #42,457
- Jan 9, 2020 7:21am Jan 9, 2020 7:21am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...
- #42,458
- Jan 9, 2020 7:25am Jan 9, 2020 7:25am
- | Commercial User | Joined Feb 2017 | 24,065 Posts
just for a cup of coffee...
