Ray's amnesty page

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wiseambitions
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Re: Ray's amnesty page

Unread post by wiseambitions »

Tomi wrote:
wiseambitions wrote:I have not had a rent in the last 5 trades ... So it's fear, a feeling which stops me setting another pending
I had 5 last trades as losses and stopped trading. No fear, but just common sense that backfired from the hit in mental barrier :-
That's wise thing to do

to "act in our own best interests" is the key to this stuff.
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 »

If tonight closes where we are now, say 11200 it will create the first Dot alert on the daily - after crossing up through green - for the last 3 weeks.

Maybe, just maybe, things are on the turn again
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 »

Dax: Market closed down strongly Friday night, but rose spectacularly Sunday evening when the first new quotes came back up and offered loads all day, most of which we probably all missed. But what I think may be significant is it is now breaking top fractal of D1. I see that as a strong signal, although obviously most of us are m1 traders.

I dont know how much more money they should keep throwing towards Greece, if any................
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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immy
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Re: Ray's amnesty page

Unread post by immy »

RAY! One Again Thanks for Showing us the Way to Dax! Yes, it was you who opened my mind to it. I know while you stopped trading it yourself I was researching it. :)
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1 :nerd

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
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Re: Ray's amnesty page

Unread post by wiseambitions »

immy wrote:RAY! One Again Thanks for Showing us the Way to Dax! Yes, it was you who opened my mind to it. I know while you stopped trading it yourself I was researching it. :)

Hi Immy, it's certainly a tetchy beast but offers the ADR in which the moves we want to try and ride are to be found. I remember quitting on Yen trading and feeling happier with Daxy,
I think the only other stuff that offers similar vola at a half reasonable spread is Eur/Aud or Gbp/Aud and perhaps for people in another time zone unable to do the Dax in core hours they might look for something like those two as an alternative.


Long may this last. I don't know how many other uk day traders concentrate on Dax, and if by some back door the brokers we use can get into our mt4 and see the charts they might see a lot of alligators .....

Cheers
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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For the last little while I have used the Green Line as my SL rather than the other level of the aims boxes. Finding I take more losses but they are smaller ones,and the overall result is better. I should really stay in profitable trades and let them run until GL is touched again but I do find that if we get a spike in price of say 25 to 40 pips I am inclined to take them with an instant closure of the trade and be grateful rather than wait until as sometimes happen they leak back to "not a lot".

3 consecutive losses this morning only represented 3.2pc drawdown which doesn't seem bad looking back after having made 10.9pc net for 5 hours at the terminal. (with a few comfort breaks). Hope I am not tempting fate by talking about such phenomenal returns, but the right state of mind and the right outcome does seem to involve facing a day welcoming a few, but not too many, small losses.
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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Thursday pm, circa 1500 BST
Someone was talking about slippage on another journal, and I've just had a small taste of it in the last few minutes
The market seems to have lost liquidity, volume is maybe lower than we often see it.

Is everyone holding their breath waiting for the next pronouncement from Eurogroup?

Anyway 1% win, could have been twice that on a little trade then if it weren't for that.
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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It doesn't seem that the Greek situation will be any bit clearer by Monday at this rate

(Whereas I thought their government might fall over the weekend they now want to put a referendum to the public)

So more confusion
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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 know it is only fortune telling, but every blog I have looked at this afternoon indicates a helluva gap down for Daxy on Monday morning. That's of course unless Greece pulls something else out of the hat before markets open.....

http://www.investing.com/indices/germany-30-commentary
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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http://www.consilium.europa.eu/press-re ... 986_en.pdf


There's not a lot more they can say at the moment


From Reuters:


Greek lawmakers on Sunday authorized Prime Minister Alexis Tsipras' proposed July 5th bailout referendum, setting Greece on course for a plebiscite that has enraged international creditors and increased Greece's chances of exiting the euro zone.

The government easily passed the 151-vote threshold needed to authorise the referendum, with deputies from the far right Golden Dawn voting with the government and pro-European opposition parties New Democracy, Pasok and To Potami and the KKE Communist Party voting against.

Greeks are due to vote on whether to accept or reject the latest terms offered by creditors to Athens in order to unlock billions of euros in bailout funds.

› Rift with Greece sets Europe into uncharted territory
European partners have reacted negatively to the announcement of the referendum. On Saturday, they rejected a request by Tsipras to extend the current bailout in order to cover the period leading up to the referendum. The rejection means Athens is likely to default on a key payment to the International Monetary Fund on Tuesday.


also


The Greek government's demands have alienated its euro zone partners - from Germany and its northern allies, to southern states and Ireland whose governments face critics of their own bailout terms to easterners much less prosperous than Greece.

But with Britain already planning a referendum on leaving the EU, a breach in formal institutions worries those who fear economic drift. Complaints it lacks democratic accountability threaten the EU's survival in its present form.



I have a feeling the Dax will fall quite severely on all this, it's all about confidence and who would want to buy with all this going on?
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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