Nikita`s journal

[Nikita]

I trying to trade fruits and seed with a small lot size.
The first experience - negative..
Immy was right, when he said that the angulation is too small..

eurjpyh1.png

And unfortunately my week ended with rent on EU.
Tried to catch W5. Patiently wait, but next.

eurusdm1.png

[immy]

I trying to trade fruits and seed with a small lot size.
The first experience - negative..
Immy was right, when he said that the angulation is too small..

eurjpyh1.png

And unfortunately my week ended with rent on EU.
Tried to catch W5. Patiently wait, but next.

eurusdm1.png

Good Trades my friends. There is no such thing as "unfortunate" in the above trades. You tried to catch wave 5 on eu m1, and it did not happen, you enetered according to plan and you exited according to plan. You did a splendid job. Congratulations. Cheer up and enjoy your weekend!

[Nikita]

Thanks for your words, Immy.
I hope, you are right!

Here is my Fruit trade on GBP/JPY. Due to my illness, i missed good exit spot. But i m surprised = 70 pips!

gbpjpyh1.png

And here is Gold fruit (not golden, cause it was a rent :-s )
TZ 1 - reached, Angulation was good. So, i think next.

xauusdh1.png

[Nikita]

My previous week make my feel a little bit desperate ( i know, that best traders must eliminate all emotions - im working on it.)

So during my weekend a decided to analize my AIMS way of trading (1,5 month, but not laughing!).
I hope a few of my conclusions will be useful for beginners and only for them!

So, first of all, an idea that was born the next second after you understand the rules - i mean a concept of 3 rules - you HAVE TO try all the pairs on every TF.
You are so eager to try extract money from market so you forget the whole concept of three rules.
Of course, a few of pairs brings you some pips, but your rent surpass you profit. As a result - you feel really bad. It s a long way till you master your emotion.
Conclusion, it is so hard to believe some very smart guys (Immy and high society) that you could make 10% and more from trading only one pair on M1/M5.. That you neglected all the advices.
You start to look for setups. NOt 10 pairs, but 5! And you convince yourself that a progress..
But as a result, you lose your money, willing to trade, you mood...

So you came to an only one right decision - you start trading only one pair (m1/m5).

Firstly, you have a feeling, that all the money of the world flow away from you. Then you you understand, that you just need to stick to this way of trading..
But, you could finally found out (what happened to me) that you are still far from "consistent and succesful". You trade LO and NYO. You trade after news. But the results are not impressive. The most irritating thing that within you "black line" all around you make a really good money.

And when I reached this stage, i found out, that after a month of chasing between counless number of pairs, i lost ability to stay focused..
What does it mean.. You stay on EU the whole day, as a result - you have a rent or Nothing. Next day - you caught a setup. Next whole week - a big line of rents.
So, i analized that within one moment of time, me and all AIMS, we do a different results!

Problem 1: HIGH PROBABILITY SETUP. That is the only reason i type "Sigh.. w5 didnt appear", and goddesly calm Darret (i initially changed name in order to avoid court examination ) ask "Where do you set PO... You missed that M5 box not broken.. (there could be many variants)".

Problem 2: Patience... There is no point in unfolding this statement.

Problem 3: CONCENTRATION!
Here i will show a 3 trades i didnot catch this day due to some really weighty reasons. But i would be really glad if i could say, that all previous month i always had such reasons..
And here is the examples:

2.jpg

next

3.jpg

SO, 50 pips from one day. It s for me 6.25%. And all these pips were almost in my hand.

So, i m nut sure if this topic will attract somebodies attetion, but i just had i feeling that i had to say all those conclusions out lound.
Thanks for reading.

BR,
Nikita

[Darren]

Fantastic and very brave post Nikita. I am glad that you wrote it as it looks like you may have realised where you are going wrong. If you can spot those setups in the charts you just posted before they happen, i.e. spot a good setup, and place the PO confidently knowing it is a proper setup, then you will be profitable week after week. Do not be scared of rents. However, in order to focus then you must just focus on 1 pair, and if having to pay rent puts you off taking the next setup then you are risking too much. I have gone back to trading 0.5% per trade as I trade 4 pairs and the thought of losing 4% doesn't go well with me. I am now much happier taking proper setups and it seems to be paying dividends. Maybe you need to go through this process!

Do not give up whatever you do though!

[Grant]

Nikita,

I can only echo what Darren has written and if i may just add the following

When new traders first start trading they gorge themselves on information from varying sources and so in the end get into a spiral of confusion.

Experience of any new system takes time, lots of time, so don't beat yourself up too badly. I and all old hands were in your shoes at some point learning this wonderful world. Once you have watched price action of a certain pair for a while you get to know its movements...

As a well known saying goes "keep it simple stupid". IMHO The simplest part of AIMS is the flow chart entries (S1 and S2) which follow the mini trends, try those using the lower risk as suggested by Darren and see how you do....

Any questions, just fire away in here or in the chat room.... No one ever gained knowledge without asking...

cheers
Grant

[wiseambitions]

There are emotions I struggle with every day

I decided only trade one or two pairs at a time - it is difficult to keep focussed if there are too many trades.

I also struggle if I've done a couple winning trades, and the next one isn't going good. My emotions say hang on, stretch the stop loss and hope it will come right. My first WEEK of trading with Aims, about 18 months ago however taught me that if I obeyed the signals, and was willing to take a few rents that the profits would add up to more, the winning method here is to do what the indicators tell you, sometimes you'll gauge them wrong, sometimes the market will go the other way, but overall it pays better to forget watching the profit report and just learn "first loss is best loss" and "next!"

Noticeably I do better on days when I look at the charts for maybe an HOUR or TWO OR THREE HOURS before placing a trade, the dangerous thing to do is to get to the computer and immediately see something is happening and think "I must have some of that" without an objective analysis to see that all indicators are valid and particularly that you're not getting in too late when most the action has already happened. I think you may know that I find higher success by trading slower time frames. That also calls for greater patience, but I'm convinced it is worth the wait, and it suits my style better now.

It is excellent to share these thoughts

[kooky]

Nikita,
Don't feel bad, I joined Aims 2 years ago on feb 12, and have been doing what you describe as your 1'st month for two years. In fact I'm yet to take a winning trade, but somehow I still keep reading this forum and believing in what I'm doing. Admittedly I've been wrestling with bowel cancer also but I live in hope I can one day grasp Aims enough to make a profit, and I have read and bought 100's of others to no avail. The most difficult part I find is reading daily of others success, and the many missed opportunities, but at the same time it reinforces for me that it must be working, so on I go.
kooky \m/

[KrisL]

Hey Nikita,

Great post mate. Very brave of you to tell us all what you've been feeling. Rest assured that there wouldn't be too many folks on the forum who haven't gone through what you're going through. I recently went through something similar myself, where I had little success and lots of frustration for a significant period of time. I think the best advice I can give is simply to not give up. Stick with this, and the results will come.

A couple of other points:

I second what Grant said about gorging on knowledge as a beginner. I must still be a beginner, because I simply can't gorge on enough information about trading. I was definitely caught in the spiral of confusion mentioned by Grant, however, I don't see any way to avoid this. It takes an enormous leap of faith to disregard all the information out there. In my opinion, gorge away - its part of the learning process, and more than likely you'll come to the same conclusions espoused by the gurus in your own time (I know I have anyway). But finding out for yourself ingrains the lesson. One piece of advice if you indulge in the knowledge feast - always remember that your newly acquired knowledge is not going to stop you from paying rents.

I may be off the mark here, but it seems to me that you just need to acquire a deep sense of belief in the system. As Bill Williams says, we all trade our belief systems. If you are missing trades, or doing things contrary to the rules, then you don't believe in them, simple as that. I recently discovered a simple way to develop this belief. It may work for you too. It's fairly crude, but basically all you do is go back in time using MT4 and trade the system candle by candle, recording your results as you go.

Simply stop MT4 from scrolling forward automatically, then scroll back to some random day on your chart. With the first candle of the day at the far right of screen, hit the F12 key to advance one candle at a time. Look at the candle, the AIMS boxes, the AO, any dot/fruit/seed indicators, and the alligator and decide if you need to take any action. Record where you entered trades with vertical lines and your exit points with horizontal lines. You can then calculate your stop loss and percentage gain/loss for each trade. Record this in a spreadsheet, and be completely honest.

I guarantee that if you simulate a couple of days worth of trades like this every day for two weeks, your belief in the system will take root. It is also great practice for making decisions on the fly and perceiving the market as objectively as possible.

Good luck if you decide to give this a go. Either way, just don't give up!

[Silas]

Nikita,

thanks a lot for your post. For me as a newbe it was just as looking in a mirror. I started with aims 6 weeks ago and was watching around 4-5 pairs in m5/m1. But not enough, i was also looking around 10 pairs in h1 with aims boxes and alligators and fruits and seeds and and and and..............and all this while i´am working. (please do not laugh).

The good thing is, i lost only around 2% on my account (demo), but now i understood that i have to concentrate on one pair on m5/m1.

Thank you again Nikita that you opened my eyes.

I have also a tip from a very good trader for everyone, to maybe avoid bad trades/rent trades. I mean it works for me:

Ask yourself before you enter a trade:

WHY SHOULD I NOT ENTER THIS TRADE?

When you can answer this question, do not enter the trade. Otherwise GOOOOOOOOOOOO...


I hope that you understand what i mean, because my english is very poor