Aaron's New Journal

[TexasSandman]

eurusd-m1-finfx-trading-oy.png

First trade. 1% risk

Enter at Green Horizontal Line, Exit at Red. Vertical lines show times of entry/exit.

Result: +0.5%

[TexasSandman]

Taking a try at 15 minute timeframe for longer term (but only in demo).

Took a GBPUSD long this morning with 1% risk in demo.

[immy]

Hi

Welcome to the world of Recording your trades. It is the best tool you'll ever find for improving your trading.

Allow me to share my 2 cents worth!"

The first trade was not too bad, but best practice is to take trades near the cross of zero line of the AIMS waves/eWave. The orange bars are a good "guide".
The m15 trade was anti trend, best to use Fruit strategy for trading counter trend trades but still not too bad... when you take trade on m15, the purple tells you what's the trend on H1. A counter trend trade is not a bad thing in itself but its harder job to stay in a counter trend trade as compared to trend trading which itself may be simple but not easy. So its hard and harder so we must make it simple and simpler to make a bit less hard. The analysis is not hard, its easy and simple, following your own plan for most people is the hardest thing which makes trading hard otherwise, its a simple job!

Well done on posting your trades, I hope you continue to be disciplined in trading as well as recording, both practices require discipline and patience and go hand in hand! Trading without journal keeping is like conducting any other business without accounts!

cheers

[TexasSandman]

Another trade today. Screwed the pooch on entry, exit & every way inbetween, but wished I'd traded it live nevertheless.

Noticed this short sale trade after it had triggered, so entered on a limit order rather than a stop. I was trading the break of the prior box. Noticed after placing the trade, the 5 minute had a lower boundary just below, so I shouldn't have taken this when I did. Stuck with it, maintaining my initial SL and eventually it broke hard. I was trailing my stops for exit because the initial break was very fast & eventually trail stopped out for a 2.25% profit risking 2%. But then look at what followed!!! If I'd used the green line close, rather than trailing this, I could have done an order of magnitude better on the return. Two charts, entry & exit here (hour+ trade).

Entry:

eurusd-m1-entry.png

Exit:

eurusd-m1-exit.png

[TexasSandman]

15M timeframe looks more to my liking. Look at this trade on GBPUSD from the other morning. AIMS range was so compressed on the 15M it wouldn't be much different than on the M5 or even M1. If you risked this 1%, you'd get something like 3-4% return.

Just got to wait for that "fat pitch" with very compressed AIMS range and AO very near zero.

gbpusd-m15-finfx-trading-oy.png

[immy]

15M timeframe looks more to my liking. Look at this trade on GBPUSD from the other morning. AIMS range was so compressed on the 15M it wouldn't be much different than on the M5 or even M1. If you risked this 1%, you'd get something like 3-4% return.

Just got to wait for that "fat pitch" with very compressed AIMS range and AO very near zero.

gbpusd-m15-finfx-trading-oy.png

Totally agreed!

The Markets are dynamic rather Chaotic in nature (not Chaotic as in the sense of dis-order as used in the ordinary sense, but rather in the sense of The Science of Chaos which means Higher Form of Order) and we use Linear methods to analyse it. I can't put it in words but simply put a time frame is but a level of zoom, a single dimension. The scope of the dimension changes from time to time. It is therefore important to know that if there is not enough "chaos" which means New Incoming Information, then the picture we may see on a certain zoom level, that is a time frame, may not be as accurate as it ought to be. The time dimension that never stops and keeps rolling on the x axis at times can create problems. We cannot stop time as it has to roll otherwise we may lose our spot in the time space reality but what we can do is to slow it down. So we have to move to slower time frames when the New Incoming information flow is reduced and move down to faster time frames so that we can be in tune with the changes in the market... but the easiest way is to know the peculiar nuances of a certain time frame that suit our personality and capabilities and build on it and become so good at it that it becomes as easy as using an iPhone... I hope it makes sense...

[TexasSandman]

The only 15M trade that looked remotely interesting this morning was this one on USDCHF. 1H trend had just turned from down to up & we had a nice tight AIMS level (6 pips on 15M giving a 9 pip SL). I took the trade with 1% risk as shown.

Entry:

usdchf-m15-finfx-trading-oy-2.png

After going initially profitable, it ran out of gas & after crashing through the green line giving an initial warning, I raised my SL to 1 pip below the increased AIMS range, and was stopped there.

Exit:

usdchf-m15-finfx-trading-oy.png

Bottom Line:

Risk: 1%

Result: -0.4% (after commission)