Dax was a bit stuck most of the day, trading in a range 12330 to 12390, giving me 3 winners, 2 losers, 27 pips
I suppose looking here at H1, the lower aims level, and the fading AO on the attached chart it was fairly likely (let's call it a high probability situation) that if the lower support was broken it could fall out of bed in the late afternoon session but I went out for an hour or more and missed that bit of action.
Ray's amnesty page
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wiseambitions
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Re: Ray's amnesty page
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
A British trader helped trigger a £500billion stock market crash by manipulating financial markets from his semi-detached house in London, US prosecutors claim.
Navinder Singh Sarao, 37, is alleged to have caused the May 2010 ‘flash crash’ which wiped billions off the value of US stocks and caused indexes to plummet on Wall Street.
He is accused of making £27million by using computer programmes to create fake transactions on an exchange run by Chicago-based CME Group Inc – all from his home in Hounslow, West London. It is opposite his parents’ suburban semi, where his company Nav Sarao Futures was registered.
Read more: http://www.dailymail.co.uk/news/article ... z3Y0w75uZT
All done from home too...........At least there's nothing illegal about making money the way we know........................However he is accused of making 27 million. a small fraction of that is all we want!
Navinder Singh Sarao, 37, is alleged to have caused the May 2010 ‘flash crash’ which wiped billions off the value of US stocks and caused indexes to plummet on Wall Street.
He is accused of making £27million by using computer programmes to create fake transactions on an exchange run by Chicago-based CME Group Inc – all from his home in Hounslow, West London. It is opposite his parents’ suburban semi, where his company Nav Sarao Futures was registered.
Read more: http://www.dailymail.co.uk/news/article ... z3Y0w75uZT
All done from home too...........At least there's nothing illegal about making money the way we know........................However he is accused of making 27 million. a small fraction of that is all we want!
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."
-
immy
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Re: Ray's amnesty page
The things people do! look at him. he could have used that knowledge to legitimately make money.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
The Hound of Hounslow
http://www.dailymail.co.uk/news/article ... suits.html
I haven't worked out how he did it yet. Sounds like he may have opened a position, then put in more pending orders of sufficient size to keep moving the market in an intended direction, kept changing the POs then closed his position by the time he'd done enough to make his situation most favourable. And the prosecutors would like him banged up in prison for several lifetimes which makes mass murder seem trivial.
Sarao once wrote to a trade magazine claiming he made between £30,000 and £88,000 each day, but former colleagues said the trader had scant regard for the trappings of his success, living a frugal life.
and I think he had much faster software than Metatrader
It is also being said that the internet worked faster from the area where he was living than in central London, giving him some competitive advantage.
http://www.dailymail.co.uk/news/article ... ounds.html
http://www.dailymail.co.uk/news/article ... suits.html
I haven't worked out how he did it yet. Sounds like he may have opened a position, then put in more pending orders of sufficient size to keep moving the market in an intended direction, kept changing the POs then closed his position by the time he'd done enough to make his situation most favourable. And the prosecutors would like him banged up in prison for several lifetimes which makes mass murder seem trivial.
Sarao once wrote to a trade magazine claiming he made between £30,000 and £88,000 each day, but former colleagues said the trader had scant regard for the trappings of his success, living a frugal life.
and I think he had much faster software than Metatrader
It is also being said that the internet worked faster from the area where he was living than in central London, giving him some competitive advantage.
http://www.dailymail.co.uk/news/article ... ounds.html
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Such crazy volatility this week, 5D ADR 261 on Dax is higher than usual
Discipline is the key word. Meaning quick reaction and no revenge trading. m1 has been fast moving, sometimes I have struggled to keep up with it, and have reduced my potential by entering on market orders for instant execution rather than pending orders.
Accordingly I added a sentence to my signature, which is my thought for the week......
I've had a reasonably good result for the week, but it has been scary at times, best trade was +176 pips on a downtrend, and that was by deciding not to let the green line kick me out but to keep eye on red and blue. Against the rules really but it felt the right thing to do and the market was kind to me for that.
In the last 20 trades, all done in the last 48 hrs, +166 pips, averaging +8 which is a bit better than previous achievements
I know there would be plenty members have done better than me, but I am not yet a fruit merchant, and I think I know after the 30 months I've been following Bill Williams and Immy and Aims that I just have to keep to what I have found works.
Have a great weekend folks!
Discipline is the key word. Meaning quick reaction and no revenge trading. m1 has been fast moving, sometimes I have struggled to keep up with it, and have reduced my potential by entering on market orders for instant execution rather than pending orders.
Accordingly I added a sentence to my signature, which is my thought for the week......
I've had a reasonably good result for the week, but it has been scary at times, best trade was +176 pips on a downtrend, and that was by deciding not to let the green line kick me out but to keep eye on red and blue. Against the rules really but it felt the right thing to do and the market was kind to me for that.
In the last 20 trades, all done in the last 48 hrs, +166 pips, averaging +8 which is a bit better than previous achievements
I know there would be plenty members have done better than me, but I am not yet a fruit merchant, and I think I know after the 30 months I've been following Bill Williams and Immy and Aims that I just have to keep to what I have found works.
Have a great weekend folks!
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
From a book called the Daily Trading Coach
"A common mistake traders make is to try to replace catastrophic, negative thoughts with positive ones. They try repeating affirmations that they will make money and they keep talking themselves into positive expectations. What happens however, is that they are still allowing a focus on the outcome of performance to interfere with performance itself. The expert performer does not think positively or negatively about a performance as it's occurring. Rather, he is wholly absorbed in the act of performing - does a surgeon become absorbed in thoughts of the success or failure of the procedure? No, as with elite traders, their full concentration is devoted to the execution of their skills".
"A common mistake traders make is to try to replace catastrophic, negative thoughts with positive ones. They try repeating affirmations that they will make money and they keep talking themselves into positive expectations. What happens however, is that they are still allowing a focus on the outcome of performance to interfere with performance itself. The expert performer does not think positively or negatively about a performance as it's occurring. Rather, he is wholly absorbed in the act of performing - does a surgeon become absorbed in thoughts of the success or failure of the procedure? No, as with elite traders, their full concentration is devoted to the execution of their skills".
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
hmmmmm system froze around 1340 BST when I was in lovely profit, it would not allow me to take proceeds nor reset SL on a dax short. WOndering if it was the broker. Does such happen to anyone else????
I had to wait 10 minutes, I even had 3 computers running (through same internet) and none of them would do anything about it
I had to wait 10 minutes, I even had 3 computers running (through same internet) and none of them would do anything about it
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
- 13
Re: Ray's amnesty page
hmmmmm system froze around 1340 BST when I was in lovely profit, it would not allow me to take proceeds nor reset SL on a dax short. WOndering if it was the broker. Does such happen to anyone else????
I had to wait 10 minutes, I even had 3 computers running (through same internet) and none of them would do anything about it
Anyway I got out with a few green pips so it could have been worse. When I feel miserable I look at one of the most acclaimed robots and see how badly it is doing, i.e. down 272 pips at the moment, usually that never fails to make me feel better
I had to wait 10 minutes, I even had 3 computers running (through same internet) and none of them would do anything about it
Anyway I got out with a few green pips so it could have been worse. When I feel miserable I look at one of the most acclaimed robots and see how badly it is doing, i.e. down 272 pips at the moment, usually that never fails to make me feel better
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
- 13
Re: Ray's amnesty page
I know volatility and moving prices are what we like, if we can trade the moves correctly, but the dear ol Dax has been a bit extra jittery these days especially round LO and more care is needed. I have found it useful to change the colour of the aims boxes, so that those with a height more than 20 are more instantly seen as "be careful here". Indeed the best moves for me are invariably after a smaller aims box, as in the last half hour on attached chart.
The purpose of any chart needs to be that we can quickly see if there's anything interesting going on, in fact I understand the Ichimoku system literally means "at a glance" - that one was devised before PCs were available to more instantly calculate moving averages....
The purpose of any chart needs to be that we can quickly see if there's anything interesting going on, in fact I understand the Ichimoku system literally means "at a glance" - that one was devised before PCs were available to more instantly calculate moving averages....
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
- 13
Re: Ray's amnesty page
I've been reading stuff today about "Value Investing", part of my continuous professional development. As attached. It refers to systems which are successful for Warren Buffet, Anthony Bolton formerly of Fidelity etc, but in all honesty what we do with fractals makes much more sense and seems far easier now. In fact in a youtube recording Bill Williams claimed some of the top performing hedge fund managers used his methods, and that does not surprise me.
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."