Jimmer Chat Notes - Thanks Kubes for doing a great job with this!
NOTE - 13:47 jimmer49: put your question in the room - no pm
14:02 jimmer49: that pm popped right in my face when stalking a trade
14:03 jimmer49: irritus maximus
14:04 jimmer49: should be normal protocol during trading
Q - jimmer49, when you're anticipating a MOF trade, do you place a limit order
at the band and wait for it to fill or do you wait to see if it hits the band
and then market or limit in? And do you use market or limit orders in general?
A - 12:06 jimmer49: John - I place a limit order in advance at the band
12:07 jimmer49: use limit orders maybe 80% of the time on all trades
12:18 jimmer49: remember, I use Ninja Trader, so is easier to do those limit
orders
Q - 12:25 christophe: jimmer, are the big red arrows placed by alerts ? thx
A - 12:25 jimmer49: placed manually
12:26 jimmer49: shows entry point based on my rules
jimmer49: don't post every time
jimmer49: and if I post it is only after I have reached T1 on my trade
Q – 12:29 rtm: jimmer, why only after T1 is reached?
A -12:31 jimmer49: rtm - because until then I am solely focused on managing
the trade
12:33 jimmer49: I am not ever calling trades in here, I am only showing how
my system is supposed to work
12:34 jimmer49: mof's and 9/30's
12:34 jimmer49: with filters
12:35 jimmer49: my mof's are always band entries using keltner
12:36 jimmer49: but must have friendly htf configuration
Q - 14:19 Kubes: Jimmer...did you stop marking 2Ts?
A -14:19 jimmer49: yeah
Chart Comments
15:02 jimmer49: looking for first pullback on 92v, then second on 167v
115:03 jimmer49: that is the most common pattern when trying for band touch
trades in conjunction with 9/30
15:04 jimmer49: this last setup was working with possible 9/30 on 1500v which
did trigger
15:04 jimmer49: but first entry was in anticipation of that trigger
jimmer49: that is what I mean by friendly htf envoronment
92V setup
167V setup
1500V big picture
Q- 15:07 ab: do u place much weight in the 4500 vol?
A -15:07 jimmer49: too far out there for my kind of trade
15:09 jimmer49: I generally do not like trades that require more than 6 tick
risk
Q - :10 jr02: jimmer49, what is the white line with the balls on it?? Pleasae
A - 15:11 jimmer49: 90wma
15:12 jimmer49: 63 sto more important than that one
COMMENTS on PMs
15:31 jimmer49: here is the deal about pm's -
15:31 jimmer49: if someone sends me a pm after hours just saying "hi" or "hello" I
will likely delete it
15:31 jimmer49: if you say who you are and what you are after I will respond
when I can
15:32 jimmer49: what I won't do is get in an open ended pm session with anyone
15:32 jimmer49: my wife hates that and I don't blame her
15:32 jimmer49: I might agree to do a little email q & a
15:33 jimmer49: but, really, I find that most people seriously overestimate
what I can do for them and underestimate what they can do for themselves
with a little work
15:37 jimmer49: in the end, everybody gotta make their own soup
15:37 jimmer49: different personalities, risk tolerances, pain thresholds
and so on
15:38 jimmer49: and different levels of patience and even attention spans
15:38 jimmer49: but most of all, different levels of desire and work ethic
15:44 jimmer49: All I have done is settle on a market, some particular indicators,
and learned to know them intimately enough that I can make them work for
me with reasonable consistency
15:57 jimmer49: mof into 500v sling long
15:57 jimmer49: mtfa (Multi Time Frame Analysis)
15:57 jimmer49: best thing since ice cream
15:59 jimmer49: I can thank Mike B for promting me into using that
15:59 Kubes: is that a band entry for you jimmer?
15:59 jimmer49: band
15:59 jimmer49: aye
16:00 jimmer49: as well as 2t entry
16:00 jimmer49: but I was chatting, so just showing it anyway
Q -10:39 Kubes: Jimmer.... last MOF...was it bar or band?
A -10:42 jimmer49: mof is a band entry by definition for me
10:43 jimmer49: bar entry kind of defeats the purpose of mof I think
10:44 Kubes: I thought it was always band on MOF...your arrow was 4 bars
over from band touch...reason I asked, fwiw
10:45 jimmer49: because I was vascillating between 92 and 167
Q -12:55 Randy: what about that mof?
A - 13:03 jimmer49: not an ideal mof at all
13:03 jimmer49: slow sto turned from mid range
13:05 jimmer49: better when sto turns from extreme
Q - 10:11 Mike: Jimmer, I notice you now use Keltner in place of BB's. What
made you change?
A - 10:13 Kubes: Mike..I think Jimmer mentioned last week...he was tired
of the "flippy tips" on the bbands
10:21 jimmer49: what kubes said
Tiered Sling Comments
11:16 jimmer49: tiered slings are good not only for what they help you to
do, but also what they keep you from doing
11:16 Kubes: I have found that out... :)
11:16 jimmer49: like trying to take 9/30 short there on 92
11:17 Kubes: It's a fine line though
11:17 jimmer49: correct
11:18 jimmer49: may look easy later, but not at the time
11:19 jimmer49: that's why it is important to get settled on some indicators
and get to know as well as possible
11:20 jimmer49: much better use of time and enegy than playing with pretty
colors
Example of tier sling per Jimmer
Q - 11:20 CB: why does that chart say MOF for suckers - it seems like a good
one by me - no?
A - 11:23 jimmer49: the sto separation
Q - 11:50 Kubes: Jimmer...is it sto separation at the point of band entry...or
the separation prior to that?
A - 11:51 jimmer49: too hard to generalize on that without context
Comments
12:58 jimmer49: don't take mof in the face of clear htf signal in opposite
direction basically
12:58 jimmer49: another fine line at times
13:02 scorp: but as I state often, there are two mofs, with the trend and
against the trend
13:03 jimmer49: with trend would be when there is a sling on htf same way
13:03 jimmer49: or tiered sling maybe
13:03 scorp: yes; and clearly those move nicely as there is wind at your
back
13:07 jimmer49: but my mof differs from what some talk about here in that
it is always a band entry based on slow stoch turn after and extreme
13:07 jimmer49: and not defined by LH/HL
13:08 jimmer49: you only know it was a LH by looking back