Kyle's Journal Mk2

[Kyle]

New start to the week, and a renty day. My fault with it and nothing to do with the setups. Learned a fair bit, especially with some of the guys going so well int he skype room (well done guys) and in my own post LO analysis.
LO had a great breakout, where I didn't get any fruit indications (Gator Filter on). Three in the Skype room got in based on LO breakout. There was not a signal for me to get in until after the down move created a nice w3. There was a retracement and associated fruit, so I took the short. However, after a short spike in the right direction for me, it reversed again and hit S/L. Quick screen grab below.

2015-02-09_2016.png

A bit later, I called an m1 fruit but was not quick enough getting in. I am working on fixing something up to make entries quicker for me, hopefully done for tomorrows session. That ended up being a spectacular fruit that could have had two addons. I have included the chart to show the potential and also helps train my eye, even though it is after the fact. Right on the end of my session, there was also a nice m5 fruit. I placed a PO, but it stagnated a while and went past the 2hr trading window for LO, so I cancelled it. Wrong move. Just after doing that, it went up as I had entered the trade for. Ended up going for 55 Pips and an account gain of 1.37% if I had stayed in there. Wont get emotional over it. I have taken it as a learning experience.

Attached now are the m1 and m5 charts. I have marked up where I should have taken orders, both renty ones and profitable ones, for me to see where I should have been in the trades and show the power of the Fruit.

2015-02-09_LO_Session_m1_ideal.png

2015-02-09_LO_Session_m5_ideal.png

My trading the last week may be below par, but it is just a speed hump in the long and successful road ahead. Feeling good about the potential, and now just need to take the action to change it from potential to actual.

[immy]

The Secret is money management. If risking 1% per trade based on 30 pip stop loss does not make you pee in your pants then you are free to make lovely trades and add ons. But if you're like most of us and no matter what the risk %age you are scared anyway then you have to start with something called trading with a care free state of mind. Demo trading is the perfect way to understand the mind set of a trader 1000 lots in a care free state of mind. When you're in the zone, you'll feel exactly like you feel when you trade a demo account. Perfect execution and no stress because you're not scared at the same time you're not reckless. So enjoy teh demo, double it. best way to do is, use exactly the same lot sizes that you intend to do on your live account. hope this helps.

pssst: make the trade first then call it out of skype. you come first.

I do believe we will create new records with Fruit trading. I love it so much and am so confident that i'm ready to make all the new traders jump straight onto fruit instead of training on Setup 1 first. Reason is that its very easy to trade, very easy to teach. There is only 1 rule the rest has been coded in the indicator anyway.

[Kyle]

Well, what can we say after today.
Quite easily the best day (in pips) I have experienced with AIMS and do fully expect it is no fluke. The other guys have been going gangbusters on Monday and Tuesday, with yesterday being a bit quieter, even though I am pretty sure many got to 100 pips still in the end - just had to work a little harder for it.

Today started off with my 8th rent in a row - successfully managed with good trade management and money management, but then we were given a nice AA signal and I believe at least 6 of us in the Skype room all set up our PO's. We had maybe 2-3 minutes to set that up before it was filled, and not long after that, a new AIMS level turned up. Set the PO 2 pips above that and filled as well. Had two 0.5% trades on and it seemed to be doing nothing much at all. A third AIMS level came up, so I took my 3rd PO and that one got filled with a nice upthrust. Very soon after that, it took off nicely and pulled 50 pips within minutes. After that happened and it pushed up again, I moved my stop behind the close of the big bullish candle and a few minutes after that, my stops were hit.
Charts and results below

2015-02-12_1904m1.png

Trade 1 - Valid Fruit but stopped out. -13.3 Pips and -0.5% rent

2015-02-12_1927_1932_and_1941_addons_m1.png

Trades 2, 3 and 4
Lovely A.A. with two addons
64 Pips (S/L 10), 55.7 Pips (S/L 21.7) and 49.5 Pips (S/L 13.5) making a wonderful 169.2 Pips on the trade and just over 5% return to the 3 entries, each 0.5% risk

That rounded out the day in less than an hour for a 4.5% return on the day

2015-02-12_Journal.png

Something for new AIMSters to think about.
I said above that I had 8 rents in a row. I have been trading for a while and my mindset was not worried about that. I was actually a bit excited that the next profitable trade would be coming soon, and to continue trading the setups. The last trades with add-ons equated to three profitable trades, so if you wanted to look at it, the strike rate for that area of my trading is 3/11 profitable trades. To a layman, that might seem a bit poor, but look at the results from it.
Calling the first rent "Ground Zero", taking 3/11 profitable trades has yielded 80.7 Pips and a real return of 2% over that period, all with 0.5% risk trades. Again, a 27% strike rate over 11 trades has yielded 2% return on account balance! Now, just imagine the same periods of time that are a higher strike rate. Immy and some of the other AIMsters in the Skype room are taking more than that in just one session. That has to show just how powerful the strategy is if managed correctly.

Another last one to bear in mind, although I am perfectly happy with my pips for the day, it is still healthy to explore your days trading for opportunities to learn. Immy held his trade until close below Green line, instead of trailing the candles. That gave another 50 pips per position, almost doubling the gain on the day! Powerful, powerful stuff. (*) (*) (*) (*) (*)

[Kyle]

Oops, didn't fill in my journal yesterday. I'll do that, then complete today's trades.
Wed 18/2
Two separate trades, one just on London Open which was a nice 1:1 fruit trade. There was an AIMS breakout with it, but I deemed it too big to put a S/L behind. In talking in Skype, it was said that you take the trade out of the AIMS box as it is valid. Possibly on initial SL (which is how I determine lot size for risk), it could be placed on the other side of the green line.
Trade 1

2015-02-18_1904_m1.png

Second trade did not last long. A few minutes then to S/L. You can always go into analysis paralysis over them, but it met te simple criteria with the angulation being good. It just crossed A0 intot he red and quite possibly could have gone down, but it didn't. Only one word to say. Next
Trade 2

2015-02-18_1941_m1.png

In all, close enough to a breakeven day. Thing to remember in my opinion is that the fruits got into the trade, and didn't go far, but you have to be in it to ride the breakout. Just a day when the big breakout wasn't there. We will get many of these, and it is simply part of the game.

[Kyle]

Now, to today's trades.
I had three trades today. I took and S1 Short, and then a Fruit short with addon.

First trade seemed classic S1. Well, it was, just didn't work out today. Went for the breakout in the direction of the initial FO breakout, but it hit S/L. Soon after that, we had a nice A.A. fruit short signal. Took this one before calling it in the Skype room to make sure I was in the trade first. Thought I was the only one, but then Immy mentioned he was in, along with a few others. I also took the addon at the break of the AIMS level, and after a quick retracement, it took off beautifuly in our desired direction. I may have closed on the green candle that touched the green line, but took that as not closing above and kept the trade going. That created a new AIMS level, so I moved SL to above that, and repeated for the next AIMS level. In the end, it closed above green anyway, and I closed the trade out when that happened.

Today's trades were -15.2 (-0.53%), 46 (1.57%), 38.8 (0.62%) for a daily total of 69.6 Pips (1.69%)

Today's trade chart

2015-02-19_1910_and_1918_addon_m1.png

[Kyle]

Today, I didn't take any trades. The market was very flat and range was very low. It did take off a little before NYO with some news, but that is not in my trading window as such.

So, this weeks stats
5 Trades, 2 rents, 3 profitable (1 as an addon)
1.72% profit on the week

For February, my results have been
Week 1 (2-6 Feb) 1 Win, 4 Rents -0.49% Profit
Week 2 (9-13 Feb) 4 win, 4 Rents 3.31% Profit
Week 3 (16-20 Feb) 3 Win, 2 Rents 1.72% Profit

Round out next week with good consistency - not results focused, but correct application tot he rules and management, and I will be very happy. I don't think I have made any incorrect trades, but I have passed on an amount that I should be entering in to. Both profitable and rents, but the focus is on seeing the setup and trading the setup.

[immy]

When was the last time I read anything like this in your journal? hmmmm

[Kyle]

I was going to say "hopefully" but I will not. You will be seeing consistent results forward from here Immy, along with better commitment to a setup when it happens.

I had moved psychologically away from the fear of losing some time ago and am comfortable with the fact that rents come, but that is all part of the game. What I didn't see, which I am most likely still working out of is the fear of trading incorrectly. I am very happy that I have taken the last few trades thinking I may have been the only one in the skype room to have taken them, but then happier for the others as well who said they too had taken the setup. I have started to take on the addons with much more focus and certainty. My three addons in the last two weeks have been very kind to me with 0.97%, 1.71% and 0.62%. The first two both being addons to one wonderful trade.

My observations the last few weeks has been that we will take small wins, and small rents but be profitable overall with those, but then we will also get some wonderful big moves, compounded with addons and we will hit those out of the park. 5% trades being a very real return on some and even more (on initial 0.5% risk).

I'll get some well deserved rest on the weekend, and will be keen for LO on Monday evening (local). Have a great weekend AIMSters

[Kyle]

First trade this week today. Monday was watching the charts and missed a few setups. Mentioned in the Skype room that I feel that I know what to do, but my psychological side of things needs work still.
Yesterday (Tuesday) is a hard day for me to trade as my son is here and as such, did not trade, but participated in the Skype room from time to time.

Today, I was ready at LO, but things were very slow. I took just one trade today, which was a rent, and there is a little story/lesson in it for me - and for those who do not use the Skype room yet. First, here is the chart for the trade.

2015-02-25_1906_and_1912_addon.png

I took the short fruit just after LO and within a few minutes, the PO was taken and after a small drawdown, it moved in the desired direction, creating a new AIMS level. I placed a second PO outside that AIMS level and it was also taken, however, that was the lowest it was going to go this time around. I hesitated a bit when the close was around the green line and when it closed above it, I closed the trade out, one candle after I thought I should have done.

Now, here is the lesson. I posted my trade in the Skype room as many of us do and the question was asked "Why close above green" and I replied that was the trading plan that Immy set out, to close on other side of green. That is correct, BUT after the gator opens in the direction we want it to travel in, so in effect, I should have remained in the trade to give it room to breathe.

The end result this time was that the trade would have hit the initial S/L by just 0.2 of a pip before going down nicely, resulting in me hitting SL with both positions, but I did close early. On this occasion, it ended up saving a bit of capital BUT it was not good management as it should have been left to go to its eventual end. Yes, that would have lost more money than I actually did, but over the longer term, if I did that, how many trades would I have closed prematurely and then watched it go o to make nice profits.

So, lesson learned and will be more consistent from tomorrow.

This also shows the value of the Skype room. Discuss trades with others in there and you may realise what you think is great consistent trading may actually be otherwise. You can learn from it and adjust your trading to become a better, more consistent trader. Skype room is not expensive. Just one trading campaign last week paid for a years access to the room many times over.

In all for today, one rent from one trade (two positions but it is one trade still). Two positions were -3.3 and -7.3 pips for rents of -0.17 and -0.24%, total -10.6 pips (-0.41%)

No stress, no worry. Tomorrow is a fresh day and I will be a better trader for todays experience

[Kyle]

Not the best of days today, but they invariably happen to us all, so not to dwell on it.

Missed the absolute start of LO and the m1 trade from there (11.5 pips to 7 SL plus 7 pips to 12 SL addon plus -5 pips to 10 pip addon), but I noticed a nice juicy fruit on the m5 chart and decided to take that one. It slowly moved into profit, and being m5, I was well aware it takes much longer than m1, but determined t trade it correctly and allow the trade time and space to grow within the trading methodology. After almost a 1:1 level, it reversed and after going above the green line, I allowed it to breathe still. That was because the gator had not opened to downside, so it wias still int he first stage of trade management. Unfortunately, there was a bit of a spike in the chart and my stop was taken out some 10 pips after my stoploss. Something that happens. There is always some slip and gaps. Just part of the game. I have also had slip in my favour before, so you take the good with the not so good.

So in all, a rent today, but that is no problem. Slightly disappointed with the slippage but that is not in my control so should not worry about it.

1 Trade, 1 Rent, -0.74% (0.5% risked)

Next

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