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I saw you'd asked questions about the number of frames to watch
"It s not exactly what i was asking about. I was asking if super amount of different pairs will spoil my result?
If every day i will be looking for new pair which is trending. I m asking because i remember our chat about casino(about its edge) and how important not to miss any setup. If i will be scanning 30 pairs, looking for trend, i will defenetely miss some setups. For example, monday - trade on EU, tue - trade on GU, wed - trade on uchf and so on. Every new trade on new pair wich is trending.
Will such approach appropriate dor AIMS?
Or it will be more profitable to trade only 5-6 pairs never missing a setup?"
I honestly believe that trying to keep aware of the movements and setups developing on multiple pairs will wear your brains out.
I am training myself to be completely focussed on just one index, which happens to be German shares (DAX). It could be another for example UK, French, American, etc but DAX is 1) a liquid market 2) low spread 3) and it moves. So it serves me nicely.
Yes I do have other charts up, but I don't trade them, for instance GBPUSD, EURUSD, UK100, Gold, but only for personal interest.
By concentrating on just one chart I find I get enough setups even if there are only one or two per session, out of which to collect a larger number of pips than I succeeded doing before. In the last 50 trades over 600 pips, stretching back not even 3 weeks. You will soon estimate correctly what it is doing to my account at SL in range 10 to 25 and the sorts of risk I am disposed to take.
I purposed to give it 28 days before I reviewed my strategy, but so far I think I have plenty enough opportunities to create success
Best wishes.
Ray
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."
YD was a nice day. Thanks to 2 trades - i ve improved the results of whole month (noone is surprised, because its AIMS baby ) )
BUt i advisedly skip one trade.. It was strange feeling, because i was watching for it for 4 days..
I was kind of afraid of being right. Heh, and i was.
EU - skipped (not missed)
eu.png
Too tight SL on EGBP (a few pips kicked me out. Nevermind)
egbp2.png
According to plan exit on swissy. (on this stage of learning AIMS i m intentionally limit my trade at RR 1:3.)
swissy.png
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Who says we cannot predict, you can, thats not a problem, problem is how you react after you've predicted. (c) Immy
) )