Ray's amnesty page

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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Ok, the QQE idea comes from another strategy which has broadly similar principles to Aims, but doesn't draw the aims boxes of support and resistance.
It uses EMA crossovers instead of alligator, and you gauge your SL with regards to recent swing highs/swing lows rather than using the box, and QQE instead of AO.
Needless to say AIMS suits me better, but I am using QQE as something which confirms to me whether I'm in on the right side

There are or there were tutorials on QQE on youtube, and indeed everything you need to know about the competitor product, unless the author has caused it to be removed from public view :)
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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Another little idea instead of QQE might be to add the easily found MACD, but to alter the settings to (12,34,9) to synchronise with the AO.


What you get then is a histogram with a signal line.

I have noticed that if in a long trade the histogram bars are short of the signal line, making a little gap, then this becomes a good signal to look to quit the trade as it is running out of bullish momentum. Converse situation applies with shorts. Try it and see?
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."
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francisrama
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Re: Ray's amnesty page

Unread post by francisrama »

wiseambitions wrote:Another little idea instead of QQE might be to add the easily found MACD, but to alter the settings to (12,34,9) to synchronise with the AO.


What you get then is a histogram with a signal line.

I have noticed that if in a long trade the histogram bars are short of the signal line, making a little gap, then this becomes a good signal to look to quit the trade as it is running out of bullish momentum. Converse situation applies with shorts. Try it and see?
Thx very much Ray. It is very similar to AO + 5SMA actually. I asked for this on Ewave -not possible- then tried it a while, and revert to plain Ewave. I like to have it though "just in case"...

Many thx for sharing!!!

KR
I Am, That I Am!
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Thanks

I'm thinking of days in school, where it rarely happened to myself, but the errant students had to do their lines.....
for example 50 times over "I must do as I am told and not operate on my own initiative"
The reason for saying this is that I have been testing a mechanical overlay for AIMS which if I had followed correctly would have given 103 pips at max ever risk of 20 pips . More stress less than any other way of doing things.
2 swallows don't make a summer etc but I have a feeling I'm getting somewhere.
But in manual back tests it looks promising.
The strange part about it is it may say go long from quite deep in the aims box. Yet it works even if there are more (small) losing trades than winners.
Like I say, I must do what the system says and not operate on my own initiative. Which includes not taking a trade when the thing says go! And includes giving rents when the thing says go the other way.......


I'll say more in a few weeks
:pray:
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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Thanks

I'm thinking of days in school, where it rarely happened to myself, but the errant students had to do their lines.....
for example 50 times over "I must do as I am told and not operate on my own initiative"

The reason for saying this is that I have been testing a mechanical overlay for AIMS which if I had followed correctly would have given 103 pips at max ever risk of 20 pips in the last 5 trading days . More stress-less than any other way of doing things.
2 swallows don't make a summer etc but I have a feeling I'm getting somewhere.
But in manual back tests it looks promising.

The strange part about it is it may say go long from quite deep in the aims box. Yet it works even if there are more (small) losing trades than winners.

Like I say, I must do what the system says and not operate on my own initiative. Which includes overcoming the thought of not taking a trade when the thing says go! And includes giving rents when the thing says go the other way.......


I'll say more in a few weeks
:pray:
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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Friday morning, perhaps I didn't choose the most moving market, but it was another 20 clean pips on m15 as per chart attached

I am definitely finding the principles of AIMS work more predictably for me in the London session prior to NY open than in the afternoons - although I'm open to criticism on that

Luckily I just got out of this one in time

As you notice I clutter my charts a bit with extra lines - 34SMA, 34EMA, QQE. However they definitely help me.

Ray
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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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

In terms of suffering 5 consecutive 'rent' trades I still feel calm and relaxed. Perhaps it's the weekend. Perhaps it's the concert I went to with a good friend who brought the house down with his stressless rendition of a complex violin piece, which was initially declared too difficult to be played when Tchaikovsky composed it, or perhaps it was the tasty meal together afterwards, in a lovely bistro.

No actually it's none of those things, it's my recent development in money management. Not exactly martingale, or double or quits, but I'm finding profit in increasing the risk after a loss and reducing it after a win. Human nature would say do it the other way round. I feel comfortable that this is the best way for eliminating anxiety from trading.

Mind you I wouldn't mind 5 consecutive profits for a change. We are stuck in the doldrums, possibly due to the big boys awaiting the NFP figures if they come out tomorrow

:)
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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

beautiful trend lines
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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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Wishing everyone on the board a Happy Christmas and Prosperous New Year


This remains my only trading system, it is now 15 months since I found the site, and has given me a massive boost

I have quarantined and exterminated every robot from my charts. Not one of them ever worked for long, even if they do well on demo the brokers of all kinds have reduced their real life effectiveness by delayed execution in MT4 (example Million Dollar Pips).

There are one or two minor additions to the charts which have helped me, however the combination of indicators which Aims works with remain the central core, I think the break of aims boxes, which is all to do with support and resistance, and the trend line (purple) are the two most important signals to keep an eye on. I still don't understand the magic but there remains something amazing about a cross of SMA 34 and EMA 34 on m1 and m5, it is probably doing the same thing as a cross of short and long time moving averages, and is an excellent cue for opening and exiting a trade.

For 2014 my main aim is to 1) overcome emotion 2) stick to the plan 3) not overtrade 4) take enough profits away to cover the costs of living 5) roll up the gains and retire.

Best wishes to all

Ray
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."
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Hi Guys

Long time since I've stopped to pen my thoughts on things, anyway I'm feeling so smug because the system was right the other day when my usually successful friend 'Goldfinger' told me NFP would lift the dollar. Did it heck. He's a fundamental trader and he didn't know what the numbers would be any better than the man on the moon however of course the road to success is full of good and bad moves.

My cogitations for trading this year are to follow daily targets and to retire when they are met. I noticed how many times last year I had good mornings in the London opening session and then kept going after NYO and gave the wins back. I've said often that 1 per cent a day equates to about tenfold annual growth, and being content with a good couple hours' work every morning then perhaps taking up other persuits or a fitness regime (much needed in my case) could be the best thing for me. I am getting to the point where I don't care so dearly about my other day job and perhaps during the next few months I will let it drift if I can get myself better aligned to the mindset of 'stress free trading' and make this my only income source
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."
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