Forex Secrets: Part 2 - Advanced RIMC Trading Strategy
Welcome to the second part of our Forex Secrets series by Not Just A Trade (NJAT). In this comprehensive guide, we'll delve deeper into the RIMC (Range, Initiation, Mitigation, Continuation) trading strategy, building on the fundamentals covered in Part 1. This NJAT course content will help you master advanced concepts and elevate your forex trading skills.
NJAT Trading Course Video Tutorial: Part 2
Advanced Market Structure in RIMC Trading
In this lesson of the NJAT trading course, we explore more advanced concepts of the RIMC strategy and how it relates to complex market structures. Key points of advanced NJAT trading include:
- Multi-Timeframe Analysis: Understanding how to correlate 15-minute and 1-minute charts for precision entries.
- Order Flow Reading: Recognizing bank order representation in price action.
- High-Probability Trade Locations: Identifying optimal entry points within sideways ranges.
- Session-Based Trading: Focusing on London and New York sessions for maximum effectiveness.
Advanced Concepts of NJAT RIMC Trading Strategy
Precise Entry Techniques
- Using Fu Wicks as buy/sell order representations
- Trading breakouts with confirmed momentum
- Leveraging 50% range levels for targets and entries
Advanced Range Analysis
- Identifying nested ranges within larger market structures
- Recognizing range edges as high-probability trade locations
- Understanding the concept of "slaughterhouse" in mid-range areas
Risk Management in RIMC Trading
- Implementing 1:10 risk-to-reward ratios for sustainable profits
- Managing stop losses based on range boundaries
- Adapting to break-even scenarios in extended moves
Practical Application of RIMC in the NJAT Course
The NJAT trading course emphasizes practical application of the RIMC strategy:
- Real-time analysis of market conditions using RIMC principles
- Hands-on experience in identifying and executing high-probability trades
- Continuous learning through daily market observations and trade reviews
- Access to NJAT trading floors for London and New York sessions