Nice one Ray. :-bd
Was that using Aims or your cross over system?
Ray's amnesty page
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Aims entry, but crossover system kept me in the trade until it came back a bit from the very topDarren wrote:Nice one Ray. :-bd
Was that using Aims or your cross over system?
I think the main part about that trade was hanging in for many dozens of pips, and not getting out too soon. But of course it doesn't always work like that.
An important challenge with this system is for me to improve the Profit Factor as I'm getting 2.5 pips gain on average per trade but finding the PF is about 1.5 and ought really to be better. I know the key to this is reducing some of the whopping rent trades without missing on too many profitable opportunities. I've made about 320 pips in 8 trading days, with typically about 15 trades per day
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Hi Guys I'm still at it, usually trading about 4 sessions a week, when time allows.
I haven't yet adopted The Seed system but plod on generally making about 20 to 30 pips a day when I'm focussed by trading the DAX (German shares index) on m1. Unable to tell you it's easy but I find this one slightly easier to handle than the more jittery pairs like EJ
An interesting dilemma arises. That is because unlike forex, shares generally only trade in business hours. For example Frankfurt open is 0700 in UK time, and most MT4 platforms stop at 2100.
However there are other markets for these types of index, including FTSE100, which carry on trading, i.e. CFDs and the price can still move during the night, based for example on what Wall Street is doing with shares which might be listed on both exchanges.
The effect of this is to say that the Alligator and other indicators in Aims carry on their calculations at 0700 based on the end of the previous day through to 2100. That is unlike currency which carries on trading in the Asian session and sometimes gets quite active even before Europe opens. In those cases the indicators take their cue at 0700 from what has gone on in the early hours.
This being the situation, I choose to be a bit cautious in the first hour or more of daily trading with stock market indeces. The alligator takes about 13 periods to make sense, which isn't long in minutes if trading m1, but if you were looking for example at h1, it might not be reliable until the day's trading pattern gets well established.
I do have a chart (not on MT4) which tells me what the shares indeces are doing out of hours but I can't load it with all the indicators such as AO, Aims Boxes and DAs so I just have to apply a bit of intuition. I can trade at a 1 pip spread in normal hours, but it gets a bit expensive eg 6 pips overnight, therefore it is best to get out of all positions a bit before 2100 while there is still liquidity.
Sorry for the long post, I'm probably talking to myself anyway
I haven't yet adopted The Seed system but plod on generally making about 20 to 30 pips a day when I'm focussed by trading the DAX (German shares index) on m1. Unable to tell you it's easy but I find this one slightly easier to handle than the more jittery pairs like EJ
An interesting dilemma arises. That is because unlike forex, shares generally only trade in business hours. For example Frankfurt open is 0700 in UK time, and most MT4 platforms stop at 2100.
However there are other markets for these types of index, including FTSE100, which carry on trading, i.e. CFDs and the price can still move during the night, based for example on what Wall Street is doing with shares which might be listed on both exchanges.
The effect of this is to say that the Alligator and other indicators in Aims carry on their calculations at 0700 based on the end of the previous day through to 2100. That is unlike currency which carries on trading in the Asian session and sometimes gets quite active even before Europe opens. In those cases the indicators take their cue at 0700 from what has gone on in the early hours.
This being the situation, I choose to be a bit cautious in the first hour or more of daily trading with stock market indeces. The alligator takes about 13 periods to make sense, which isn't long in minutes if trading m1, but if you were looking for example at h1, it might not be reliable until the day's trading pattern gets well established.
I do have a chart (not on MT4) which tells me what the shares indeces are doing out of hours but I can't load it with all the indicators such as AO, Aims Boxes and DAs so I just have to apply a bit of intuition. I can trade at a 1 pip spread in normal hours, but it gets a bit expensive eg 6 pips overnight, therefore it is best to get out of all positions a bit before 2100 while there is still liquidity.
Sorry for the long post, I'm probably talking to myself anyway
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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Dave
- AIMSter
- Posts: 865
- Joined: 13 Feb 2012, 06:05
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Re: Ray's amnesty page
Hey Ray.
Jump onto icmarkets.com and grab a demo feed. Runs in the market off hours so you won't have gaps on your DAX feed. You'll have to run another instance of mt4 but might be worth having, even if just for the first couple hours of open German trade.
Nice one.
Dave
Jump onto icmarkets.com and grab a demo feed. Runs in the market off hours so you won't have gaps on your DAX feed. You'll have to run another instance of mt4 but might be worth having, even if just for the first couple hours of open German trade.
Nice one.
Dave
Now, I choose to make a profit in trading.
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
My AIMS result for May, 333 net pips at a PF of 1.65
I have said that this system should generate me 25 pips every day I use it, and that it is my fault if I don't achieve that. So true - when I look at the loss making trades and query why I opened them and why I held on to them when they were obviously bad moves - I'd say a fair proportion of the 'rents' were my fault rather than the probability which Chaos gives us. In other words, if I'd followed the rules correctly, although the sky's the limit, 500 pips ought to have been comfortably achieved. Not that I'd dare to say it is stress-free for me.
Nevertheless, what a fantastic system for making money!
Best luck for June guys!
I have said that this system should generate me 25 pips every day I use it, and that it is my fault if I don't achieve that. So true - when I look at the loss making trades and query why I opened them and why I held on to them when they were obviously bad moves - I'd say a fair proportion of the 'rents' were my fault rather than the probability which Chaos gives us. In other words, if I'd followed the rules correctly, although the sky's the limit, 500 pips ought to have been comfortably achieved. Not that I'd dare to say it is stress-free for me.
Nevertheless, what a fantastic system for making money!
Best luck for June guys!
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Chart shows slight modification to rules, showing use of 2 lines being ema and sma with period of 34 (h+l div 2)
It can give some advantage over classic setup. I don't advocate major deviations from those principles
Chart is for m1, it should work on any TF
It can give some advantage over classic setup. I don't advocate major deviations from those principles
Chart is for m1, it should work on any TF
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Ray's amnesty page
wiseambitions wrote:Chart shows slight modification to rules, showing use of 2 lines being ema and sma with period of 34 (h+l div 2)
It can give some advantage over classic setup. I don't advocate major deviations from those principles
Chart is for m1, it should work on any TF
Hi Ray
I love this. As I said before we can make a nice system around 34sma. Its got everything in it. The gator, the ao the structure. however I have created a more objective and statistically viable, tested and proven strategy which can be applied to any time frame but I'm using it on H1. Here just as an example I put a picture below.
But thank you Ray, and I admire your effort and pleae keep us posted how you continue to suck those pips out of hte market into your large bank account. Now stick to it mate until it breaks. and I'm sure it wont break.
You do not have the required permissions to view the files attached to this post.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
This is all good stuff
I think one way and the other we've made a bit of a breakthrough
Amazing how the principles of Aims, be it around support & resistance, Elliott Waves, Fibonacci, SMAs etc work in so many markets.
We know that it works for currencies. It seems to work for share indeces, and probably for commodities too (softs such as wheat, soya, and oil); and many other markets besides
The 'seed and fruit' concept is great, we're watching.
May pips be fertile!
I think one way and the other we've made a bit of a breakthrough
Amazing how the principles of Aims, be it around support & resistance, Elliott Waves, Fibonacci, SMAs etc work in so many markets.
We know that it works for currencies. It seems to work for share indeces, and probably for commodities too (softs such as wheat, soya, and oil); and many other markets besides
The 'seed and fruit' concept is great, we're watching.
May pips be fertile!
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
For many pairs NFP didn't bring much excitement, but it fired up equities, and I took about 114 pips on DAX. I could have taken more but I missed the peak and got out before NY close
Indeed there were more than 175 pips available if an m5 signal of EMA34 rising over the SMA34 had been taken an hour or so before NFP, but that would have been speculative ahead of the news.
Actually it was the same sort of signal which I took, but on m1, a few minutes after the news release, when I considered the direction for the rest of the session had probably been determined
Indeed there were more than 175 pips available if an m5 signal of EMA34 rising over the SMA34 had been taken an hour or so before NFP, but that would have been speculative ahead of the news.
Actually it was the same sort of signal which I took, but on m1, a few minutes after the news release, when I considered the direction for the rest of the session had probably been determined
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
While it might look like catching a falling knife, the ema34 crossover on DAX this morning indicated that downward momentum was fading and that the market could retrace a bit.
If you look at the chart it shows how 40 pips of profit became available
If you look at the chart it shows how 40 pips of profit became available
You do not have the required permissions to view the files attached to this post.
I wish more people would come on here to share something on their journals
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."
[center]IF YOU CANT EXPLAIN IT SIMPLY YOU DON'T UNDERSTAND IT WELL ENOUGH (Einstein)
1% daily gain, compounded for 250 trading days, (approximately one year) would produce 1103% account growth[/center]
"Markets reflect the positioning of the sum total of investors – they are not driven by something an individual investor knows that the rest of us don’t, but they do to an extent reflect what investors think other investors are thinking and so can diverge in the shorter term from the economic fundamentals."