Pleased to come back from an errand to find slippage was in my favour and I got 15.1
Looks like there was a 90 pipper on cable, I wonder if any of our guys got much of that? ???
Ray's amnesty page
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wiseambitions
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Re: Ray's amnesty page
I took the aforementioned short on EurGbp and set a tp of 10 pips as is my wont
Pleased to come back from an errand to find slippage was in my favour and I got 15.1
Looks like there was a 90 pipper on cable, I wonder if any of our guys got much of that? ???
Pleased to come back from an errand to find slippage was in my favour and I got 15.1
Looks like there was a 90 pipper on cable, I wonder if any of our guys got much of that? ???
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."
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wiseambitions
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- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Yes, Sam, GU would only have been an S2 addon if taken on such timeframes as I watch
Right now, 11am UK time, everything is still so stirred up it could be more than 2 hours before the alligators go back to sleep for me, so I'm just enjoying my exclusion from the market, I don't know if I'll do any more today or not as I've done all right so far.
Right now, 11am UK time, everything is still so stirred up it could be more than 2 hours before the alligators go back to sleep for me, so I'm just enjoying my exclusion from the market, I don't know if I'll do any more today or not as I've done all right so far.
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."
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kooky
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Dave
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Re: Ray's amnesty page
Hi Ray,wiseambitions wrote:I'm not running the strategy down, but I've had a stupid day, with 3 consecutive rent trades
Asked my self all the usual questions, whether for example the setups were valid, and arguably they were, but in what I was doing the market didn't want to reflect the usual pattern
Decided best thing would be to walk away for the day, which is what Immy and others suggest when this happens.
It gave me chance to think about emotions of trading.
Just wondered what routine people might go through to exercise their minds and eyes to look for the right entries, right stops and right targets as I believe one can wake up, go to the computer, see something going on and decide far too quickly to partake in it. That is dangerous behaviour, especially before markets get going (FO/LO etc) and even more dangerous on a Monday when the action of Friday evening and Sunday night are hardly reliable indications of how it's going to go.
A good topic you raise. Just like an athlete prepares for competition I think it’s highly beneficial to prepare for a trading session with a predictable and regular routine. For what it’s worth, my routine involves some affirmations, a quick read of the fundamental truths from Mark Douglas (on page 1 of Immy’s journal) and a little mental reminder that I do know what I’m doing and that nothing has changed and that the setup is the same. It takes about 5 mins in total. I also keep a pen and paper handy to write some notes/thoughts throughout the session (not process related, more useful after a rent, e.g. “I accept the rent I pay, it is the cost of doing business”). Further to this, I have about 100 trade photos on my iPhone and when I find myself sitting with a few mins to ponder life (I’ll let you decide when this might be) I scroll through the photos and reaffirm the setup.
Having said that, if you open the charts and your setup is there, then, in my opinion, you have to pull the trigger. Whether it’s 1 min or 1 hour into a session, if the criteria is met then go for it!
Dave
Now, I choose to make a profit in trading.
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wiseambitions
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Re: Ray's amnesty page
Thanks Dave, your reply contained some useful commentsDave wrote:
Hi Ray,
A good topic you raise.
a little mental reminder that I do know what I’m doing and that nothing has changed and that the setup is the same. It takes about 5 mins in total.
Having said that, if you open the charts and your setup is there, then, in my opinion, you have to pull the trigger. Whether it’s 1 min or 1 hour into a session, if the criteria is met then go for it!
Dave
I'm here again this morning, hoisted by my own petard really because according to my rules on m30, h1 there aren't many pairs which are yet coming back into balance. Other than perhaps the Japanese ones.
Nevertheless I think the self imposed patience is rewarded, as I've taken over 100 pips in the last 5 days, at good risk rewards, just for sitting still, and only being in trades for a relatively short period once the setup conditions are met
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."
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wiseambitions
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
I suppose I could have traded some 'add ons' today but there was only one s1 setup for me
GBPCHF
24.7 pips closed just now on 61.8 fib line. m30 rules
That's all I will do today
GBPCHF
24.7 pips closed just now on 61.8 fib line. m30 rules
That's all I will do today
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
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Re: Ray's amnesty page
7 am Thursday - A scan through the 10 pairs I watch shows the alligators are not asleep or the waves are still too far from calm on these time frames. Many of the trends were boosted the same way by FOMC but I was glad to be out last night.
I have to wait, but I accept the strategy is still working all the time I am waiting.
This self imposed regime misses me a lot of trades on the faster charts but I believe I am getting a higher win ratio
I have to wait, but I accept the strategy is still working all the time I am waiting.
This self imposed regime misses me a lot of trades on the faster charts but I believe I am getting a higher win ratio
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."
-
kooky
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Re: Ray's amnesty page
Hi Ray,
I love the simplicity of the zoom out, but is there a way you could include more screen so we could see the timeframe,macd,pair, etc etc.
thanks (wd)
kooky
I love the simplicity of the zoom out, but is there a way you could include more screen so we could see the timeframe,macd,pair, etc etc.
thanks (wd)
kooky
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wiseambitions
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Re: Ray's amnesty page
Ok, I will try. Currently I have taken a long on EURGBP. It has broken aims resistance levels on H1 and H4kooky wrote:Hi Ray,
I love the simplicity of the zoom out, but is there a way you could include more screen so we could see the timeframe,macd,pair, etc etc.
thanks (wd)
kooky
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
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Deal closed 12:40ish BST 10tp set, there's no point aiming too much out of this pair as it trades in a tight range, nevertheless I'm sure I could have held on for longer. A win is another brick laid down.......
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."