Ray's amnesty page

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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Nikita wrote:Congtatulation, Ray!
Many more years of love, luck and happiness!

Thank you! The years roll by very fast

Good luck with your trading this week
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 »

Closed with 25.1 nice start to the week :)

If it goes down more, I am not upset. Time to switch this thing off.
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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 »

I liked this description by a market commentator about what happened today with USDCHF

"Looks like someone screwed up in CHF. Fat finger trade being blamed for spike higher."

Obviously it would need to be a big player to move the world market, however I must remember any silly entries of mine have to be called Fat Finger Trades from now henceforth. And I must try to avoid them. Usually they occur either by ordering 10 times the usual lot size (or more!) or if one pulls the trigger during a bar due to a fast movement which retraces and subsequently the signal repaints, which would not have happened if one had waited for the next bar to open.....
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

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Frustrating Friday

It seemed to be a day of doing nothing. I found a trade on USDCAD h1, but closed it for nothing after it failed to move

Long trade, I haven't annotated the chart but it was taken after blue dot, about 12 bars to the left of the end of the graph

It was long, away from purple, coinciding with AO cross upwards of ZL. But there was just no momentum and it fizzled out, I suppose there were 5 pips available, that's as much as happened..............
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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 »

Have a good week guys

I missed all the early action on the Pound and Euro but am short right now on NZDUSD H1 S1 principles. Fingers crossed
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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

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Bad start to the week. I thought the Kiwi had the makings of a W5, but it was not to be. I was stopped out by price going north of the aims box (and it crossed purple too)

NEXT please.........
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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

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Regarding the foregoing. It looks like just a spike which took me out, the price is now well below aims box :(

I hate it when life's so unfair!

Do any of you guys go back into a trade in situations like this?

11:30 I'm wishing I did something about it, can't win 'em all, but I can see a short signal on m30 AUSUSD developed
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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

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I have more than redeemed my earlier loss, currently about 35 pips in profit on a short on AUSUSD

It is not a proper s1 or s2 Aims trade, as it was inside the box, but what I did was went short at around 10.00 London time at 0.9303. I chose to believe the AO had peaked twice, but on the second (arguably a W5) the peak was a lower high than the 2nd price peak. The 2 yellow lines are 5EMA, one is displaced 3 bars, and the making of an 'M' shape meant to me the price was tired. I set a SL of 10 which I have trailed down, and notice the eWaves system has calculated a Fib line about 5 pips lower than where we are now. I'll probably close the trade at that point and go away :)
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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

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as per the previous post

When the gator is wide open and running down hill you've just got to let the trade keep going but adjust the stops periodically if not on a TS setting :)

46 pips so far


update: 15:49 Knocked out with about 43 pips. I feel good now.
This morning I felt the stop hunters were after me (and they are mythical characters, or are they??).
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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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Dave
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Re: Ray's amnesty page

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wiseambitions wrote:I have more than redeemed my earlier loss, currently about 35 pips in profit on a short on AUSUSD

It is not a proper s1 or s2 Aims trade, as it was inside the box, but what I did was went short at around 10.00 London time at 0.9303. I chose to believe the AO had peaked twice, but on the second (arguably a W5) the peak was a lower high than the 2nd price peak. The 2 yellow lines are 5EMA, one is displaced 3 bars, and the making of an 'M' shape meant to me the price was tired. I set a SL of 10 which I have trailed down, and notice the eWaves system has calculated a Fib line about 5 pips lower than where we are now. I'll probably close the trade at that point and go away :)
A couple things you've raised:
Firstly, yes I will re enter if I am stopped out and price then comes back in my favour, but only if the re entry is in itself a valid setup with all of my rules met. Every entry is independent of any that may have gone before it, so for me the rent is now in the past and the new setup needs to be valid. For the same reasons I'm happy to take a stop and reverse.
As for your AUD short, what you've identified is the perfect reversal entry (in my opinion). Price and eWave divergence with a fruit candle at the price peak. Nice one! For me this is the highest probability of fruit entries, when the eWave has already shown momentum is turning. \m/
2014-04-28_1453_aussie.png
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Now, I choose to make a profit in trading.
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