Ray's amnesty page

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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

micchhaal wrote:I actually thinking about setting a daily target as i did give back to market my profit in a past and most of that was caused by trying to squezze as much as i could instead closing when i was in nice profit! :-s i think you got a very good approach and inspired me to set my daily target and see what happens if i manage my account this way... cheers Ray

OK, I hope it would work well for you if this is what you decide to do

I have often said that if we could achieve 1 per cent every day, and that is not a difficult achievement if we stay focussed, we could multiply capital by 11 or 12 times in a year

$1 could become $12

£1000 could become £12000

If we made 2 per cent a day, we would get from £1 to £12 in 6 months. And a lot further in a full 12 months ! ! ! !
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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Michal
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Re: Ray's amnesty page

Unread post by Michal »

i got somwhere the calculator to show how much your account growing if you make 1 % a day =20 % a month
These numbers are just impossible what you get after 5 years :) from 1000$ (my pound mark doesnt work-thats why dollars:))
Once i find it ill post it ;)
All I need is Aims. Just love it !
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

micchhaal wrote:i got somwhere the calculator to show how much your account growing if you make 1 % a day =20 % a month
These numbers are just impossible what you get after 5 years :) from 1000$ (my pound mark doesnt work-thats why dollars:))
Once i find it ill post it ;)
It is easier said than done though!

My most successful period was about 4 years ago when I had 3 months without other work and sat over the computer like a junkie - 5 days a week and more than 12 hours a day.

I started with about £200 and turned it into £10000 in 3 months.

That's when I threw caution to the wind and traded at ridiculous risks, which is not a game I would recommend, but I did get a new car out of it.


Best trade today was a short on USDCAD. Hourly chart. Could have got stopped out easily on the bar which went to 40TP but because of what someone told me I gave it a wide SL which kept me in.

I also had other trades which I closed in moderate overall profit but I could have done better for waiting until around now. Eg Long on Kiwi, Short on EURGBP.
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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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Michal
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Re: Ray's amnesty page

Unread post by Michal »

Ray from 200 to 10.000 ? :D wow this is amazing :D return hehe
About the h1 you trade the aims breakout :) but could you put more light on your approach or like a daily routine :) whenever you got a time to answer
All I need is Aims. Just love it !
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Hi, it was just a classic S1 short trade, albeit ages after dot alerts, Alligator sleeping, AO trending downwards, PO below aims level etc.....

I was running 3 or 4 trades today, eg NZDUSD (long), EURGBP (short), both were profitable. USDCHF I was running short but it wouldnt give up, closed with a rent.

My thoughts are if I put all my hopes on a single trade it could do very well or very bad. If I trade a couple or three pairs it is unlikely, if they are not correlated, for all to be in simultaneous drawdown, nor for all of them to do well, but if one does very well and the others are mildly loss making, then the overall result will be acceptable.

What makes me think like this? Basically I am no fan of ADR. I don't think what happens yesterday has a big bearing on what happens today, the market is subject to chaos, and I am unable to look with any confidence at several possible S1 or S2 entries and tell which one would do best. So I am happy to diversify the choice, just like a farmer growing potatoes or wheat!

:)
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 »

s2 entry on Kiwi this morning (h1) was very profitable.
Alligator had not slept, this was continuation of an uptrend

I'm out now. 4 simultaneous running trades today (my maximum), were Kiwi Long, GU Short (taken after 12 news), EG (long) UCad (short)

Total return over 5 per cent, the kiwi and the euro pound were the most productiveof the 4.

I have to go now and do less profitable work, so that's it for today, I do realise I could had done better by hanging in, but I would rather leave my terminal and be able to concentrate on other things knowing I'd taken a good profit off the table.
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."
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Nikita
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Re: Ray's amnesty page

Unread post by Nikita »

Amazing result, Ray! (wd)
Who says we cannot predict, you can, thats not a problem, problem is how you react after you've predicted. (c) Immy
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Michal
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Re: Ray's amnesty page

Unread post by Michal »

wiseambitions wrote:Hi, it was just a classic S1 short trade, albeit ages after dot alerts, Alligator sleeping, AO trending downwards, PO below aims level etc.....

I was running 3 or 4 trades today, eg NZDUSD (long), EURGBP (short), both were profitable. USDCHF I was running short but it wouldnt give up, closed with a rent.

My thoughts are if I put all my hopes on a single trade it could do very well or very bad. If I trade a couple or three pairs it is unlikely, if they are not correlated, for all to be in simultaneous drawdown, nor for all of them to do well, but if one does very well and the others are mildly loss making, then the overall result will be acceptable.

What makes me think like this? Basically I am no fan of ADR. I don't think what happens yesterday has a big bearing on what happens today, the market is subject to chaos, and I am unable to look with any confidence at several possible S1 or S2 entries and tell which one would do best. So I am happy to diversify the choice, just like a farmer growing potatoes or wheat!

:)

Cheers Ray !
All I need is Aims. Just love it !
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Michal
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Re: Ray's amnesty page

Unread post by Michal »

Ray in your last trade did you put your stop loss below aims box correct?
All I need is Aims. Just love it !
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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

micchhaal wrote:Ray in your last trade did you put your stop loss below aims box correct?
in a word yes, if one had stayed for full potential the return would have been many times the initial risk on a lot of today's setups

I came back to the charts after being out, and realised how much fun I had missed, but the object is not to win 'em all.
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."
Top
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