I'm Long on Dollar Swisse too,
re the Aussie, it would be about 180 pips right (quick estimate) to have gone long 2 weeks ago and held! These charts look so simple in higher Timeframes dont they! But with the heat of the moment, it takes a lot of courage sometimes to take a trade
Ray's amnesty page
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
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
It's all grinding to a bit of a halt with half the forex world on public holiday
But I'm holding short to Aussie, currently with 8 or so pips the right way. I may have missed some better closing opportunities during the morning.
Momentum is fading, by which I mean the bars on AO are getting shorter and it could cross the balance line soon.
Also safely under gator lips and teeth (short signs)
But I'm holding short to Aussie, currently with 8 or so pips the right way. I may have missed some better closing opportunities during the morning.
Momentum is fading, by which I mean the bars on AO are getting shorter and it could cross the balance line soon.
Also safely under gator lips and teeth (short signs)
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
Took profit on Aussie fortunately well before news, which sent the thing up for a while
This morning I thought Kiwi would be most fertile ground. I've taken profits now.
Since yesterday also long on Dollar-Swisse and Euro-Pound, fingers crossed, perhaps less confident on the Swisse
PS 0900 just also long on Dollar Cad (Loony). Not one I often trade.
This morning I thought Kiwi would be most fertile ground. I've taken profits now.
Since yesterday also long on Dollar-Swisse and Euro-Pound, fingers crossed, perhaps less confident on the Swisse
PS 0900 just also long on Dollar Cad (Loony). Not one I often trade.
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
Lies Lies and damned statistics
I lost 58 pips last week.
But what matters is I made over 10 per cent return on capital, quite a bit more actually.
It's all about lot size of course and a profit factor (in financial terms, not pips) far better than 1.0
The concepts of Aims are great. It's like riding the Severn Bore, it really helps one along.
I lost 58 pips last week.
But what matters is I made over 10 per cent return on capital, quite a bit more actually.
It's all about lot size of course and a profit factor (in financial terms, not pips) far better than 1.0
The concepts of Aims are great. It's like riding the Severn Bore, it really helps one along.
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."
-
KrisL
- Free Member
- Posts: 97
- Joined: 14 Oct 2013, 01:33
- 12
Re: Ray's amnesty page
Hey Ray, can you post more of your charts, so that we can actually the see the setup you are trading in a wider context? Maybe I'm missing something, but I get next to nothing out of seeing a dozen bars and a freshly opening alligator. What was price doing before the breakout? Where's your entry and stop loss? In the interest of learning from each other and providing feedback, it would be good to see these things.
Cheers
Kris
Cheers
Kris
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Hi, I will try and annotate some more charts soon.KrisL wrote:Hey Ray, can you post more of your charts, so that we can actually the see the setup you are trading in a wider context? Maybe I'm missing something, but I get next to nothing out of seeing a dozen bars and a freshly opening alligator. What was price doing before the breakout? Where's your entry and stop loss? In the interest of learning from each other and providing feedback, it would be good to see these things.
Cheers
Kris
I presume you have read the setup manual, not just once but 11 times or more, as it pays to have the suggested rules deeply engrained.
Basically I look for a break of aims preferably soon after a dot alert (although on higher TFs I don't always wait for these). Generally using the opposite level (top or bottom) of the aims box, if not just a few pips the other side of the red line (teeth) as the stop loss. Target profit is of course a difficult one too, however I do use Snorms ewaves instead of the basic AO (it's a good investment) as this helps look for fibonnaci extensions where the price might be headed. There is also another little secret which I incorporate in my trading, but it's not central to Aims so I don't say too much about it. Suffice to say that as you get used to the Alligator, the AO or ewaves, and colour changes in its histogram, the aims levels, and also what's going on in higher and lower timeframes, the whole thing comes together
Indeed I go on other blogs and get reminded of terms which used to concern me. Bear traps. Bull traps. Flag patterns. Pivot points. Andrews Pitchforks, etc. They don't worry me any more. If you follow the aims rules, including watching the purple line, it automatically takes care of all those things!
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
sometimes Kris the whole thing messes up but comes right
If you look at the following box (not a complete copy of the page), it is USDCAD h4 during the last day
I went short on break of aims, but did not get near my target profit, and got stopped out around the red line (alligator teeth). However another PO at top of aims opened and as luck would have it my recovery was slightly greater than my loss, I'm out now, and needing to do other things (lay concrete!). I could have managed my money better than that, and accept criticism for my failings, but it shows how that strict adherence to the system usually ends up with a positive result. But it takes an element of faith to trust it and do what it tells you
If you look at the following box (not a complete copy of the page), it is USDCAD h4 during the last day
I went short on break of aims, but did not get near my target profit, and got stopped out around the red line (alligator teeth). However another PO at top of aims opened and as luck would have it my recovery was slightly greater than my loss, I'm out now, and needing to do other things (lay concrete!). I could have managed my money better than that, and accept criticism for my failings, but it shows how that strict adherence to the system usually ends up with a positive result. But it takes an element of faith to trust it and do what it tells you
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
Kris, my longest running trade, since yesterday, and still open, is a short on NZDUSD, mainly on H4 principles, with a stop loss just a few points above the red (teeth) line. I have had a few potentially anxious moments, but still feel the momentum is downwards. I would be interested in your feedback if you could draw a chart for yourself on this one. You'll rightly guess I do tend to trade the higher timeframes due to not being able to sit at the screen all 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."
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
the Kiwi short is still moving
each bar on here is 4 hours. I can't say I have a target profit on this one but I'll study fibonacci in a moment, SL is just a few pips above the red line (teeth) which continues to fall. I thought during yesterday that kiwi looked like the end of a 2 week bull run. The fact it has fallen through the purple line does encourage me because a bounce from there would usually confirm it to be a temporary correction (w4), whereas a break through it would tend to suggest it is a stronger move.
each bar on here is 4 hours. I can't say I have a target profit on this one but I'll study fibonacci in a moment, SL is just a few pips above the red line (teeth) which continues to fall. I thought during yesterday that kiwi looked like the end of a 2 week bull run. The fact it has fallen through the purple line does encourage me because a bounce from there would usually confirm it to be a temporary correction (w4), whereas a break through it would tend to suggest it is a stronger move.
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
Hi Kris and others
Kiwi trade. I decided to set a limit at .825, just as a nice round number, on half my position, which was closed while I slept.
When I looked at the chart before getting ready to go out it was .826 and although the alligator was coming downhill I decided to take profits on the rest and give it a break. Since then the price has wanted to go back in the aims box so it wasn't a silly thing to have done.
I had well over 50 pips out of this one in less than 2 days, and feel calm.
Reminded myself of Jack Schwager saying when unsure what's going on close half your position. I intend to put that idea to work more often.
Kiwi trade. I decided to set a limit at .825, just as a nice round number, on half my position, which was closed while I slept.
When I looked at the chart before getting ready to go out it was .826 and although the alligator was coming downhill I decided to take profits on the rest and give it a break. Since then the price has wanted to go back in the aims box so it wasn't a silly thing to have done.
I had well over 50 pips out of this one in less than 2 days, and feel calm.
Reminded myself of Jack Schwager saying when unsure what's going on close half your position. I intend to put that idea to work more often.
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."