The best way to avoid ranges is to not avoid it instead have trading rules that stop you trade for the day or session. IMHO
ps: often the best trends start off within the ranges
Ray's amnesty page
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immy
- Founder
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Re: Ray's amnesty page
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
ok, it would be interesting to study what time(s) of day the best great trends (eg 50 and more pips on m1) spring out. Some do obviously happen at quiet times, but the times I get caught out most are usually going to be when starting from inside the box, because that's what I often do (rightly or wrongly).......
Today was great for me. 4.9%, from 89 net pips all on Dax; best trade +2.1% worst trade -0.7%
(Monday was +3.2% from 133 pips)
And here's a picture of my best one today, taken a few minutes after the madness of London Open and held for about 30 minutes - the clock on the chart seems to now be BST +1 (GMT+2)
Today was great for me. 4.9%, from 89 net pips all on Dax; best trade +2.1% worst trade -0.7%
(Monday was +3.2% from 133 pips)
And here's a picture of my best one today, taken a few minutes after the madness of London Open and held for about 30 minutes - the clock on the chart seems to now be BST +1 (GMT+2)
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
This trade was done to do with my calculation of a FIB, nothing to do with Aims, and opposite to the trend, but eventually profitable all the same (+43pp)
I had another trade, a short, which opened about 10 mins before LO and went more than 30 to the good then quickly retraced. Result not a lot more than BE. Some of those quick runs catch me out, never mind, so long as I get more than I lose I'm happy.
I had another trade, a short, which opened about 10 mins before LO and went more than 30 to the good then quickly retraced. Result not a lot more than BE. Some of those quick runs catch me out, never mind, so long as I get more than I lose I'm happy.
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Time for me to go so I closed just at 1600BST 45 pips
Once it found a direction this afternoon there were some nice trends
2.6% today from +176 pips net
FOMC later - I will be out of the way!
Once it found a direction this afternoon there were some nice trends
2.6% today from +176 pips net
FOMC later - I will be out of the way!
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
A nice ending to the day
Sometimes my discipline has faded, I need to go out on friend's farm shooting and get rid of the trigger happy feeling in my fingers sometimes.
There are moments when the price stalls, and it is difficult to know whether the NY session is down or up. Lot of movement often at 3pm (our time). Anyway the way today was DOWN. Another rout. Thank you market. Much more than 5% this pm.
Sometimes my discipline has faded, I need to go out on friend's farm shooting and get rid of the trigger happy feeling in my fingers sometimes.
There are moments when the price stalls, and it is difficult to know whether the NY session is down or up. Lot of movement often at 3pm (our time). Anyway the way today was DOWN. Another rout. Thank you market. Much more than 5% this pm.
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Friday
A slow morning
but +1.05% from -4.1 pips.
I used the expression yesterday "trigger happy". I'm not the first person to use it, the expression is common on trading blogs, but I do think it is important to know what it means.
Immy has said previously that if he considers he has traded off-plan and lost discipline then no coffee, and he likes coffee. Caffeine junky?
My thoughts are about steady consistent gains in the long run. The 1% a day that multiplies accounts by 10 in a year, that enables mortgages to be paid off, cars boats and all sorts of nice things to be bought too as well as paying for the cost of living.
I have counted quite a few days when trigger happiness has robbed me of the 1% even played havoc with my mind and with my account.
New decisions.
A limit sign, like speed limits has gone up on the wall opposite me. It's the maximum £ a pip I can go to for even a small % risk.
Also, if it was a good morning and I feel like carrying on in the afternoon, then I must trade at only half the risk (or £/pip) I took in the morning.
Same goes for any day when target has been achieved.
Target being reset now at 1.5%. That is plenty enough to keep in business.
Best trade so far today +14.6 pips
Worst loss - more than that at LO. Why do I try and trade then?????
Update 1245 ish. Bought for a long trade, and attempted to exit on spike, seeing as tz2 line was passed (I often think that is a good time to get out). Waited about 10 seconds for dealing. I guess volume was thin, so I got slipped perhaps 5 pips from desired result. Anyway +0.4%
A slow morning
but +1.05% from -4.1 pips.
I used the expression yesterday "trigger happy". I'm not the first person to use it, the expression is common on trading blogs, but I do think it is important to know what it means.
Immy has said previously that if he considers he has traded off-plan and lost discipline then no coffee, and he likes coffee. Caffeine junky?
My thoughts are about steady consistent gains in the long run. The 1% a day that multiplies accounts by 10 in a year, that enables mortgages to be paid off, cars boats and all sorts of nice things to be bought too as well as paying for the cost of living.
I have counted quite a few days when trigger happiness has robbed me of the 1% even played havoc with my mind and with my account.
New decisions.
A limit sign, like speed limits has gone up on the wall opposite me. It's the maximum £ a pip I can go to for even a small % risk.
Also, if it was a good morning and I feel like carrying on in the afternoon, then I must trade at only half the risk (or £/pip) I took in the morning.
Same goes for any day when target has been achieved.
Target being reset now at 1.5%. That is plenty enough to keep in business.
Best trade so far today +14.6 pips
Worst loss - more than that at LO. Why do I try and trade then?????
Update 1245 ish. Bought for a long trade, and attempted to exit on spike, seeing as tz2 line was passed (I often think that is a good time to get out). Waited about 10 seconds for dealing. I guess volume was thin, so I got slipped perhaps 5 pips from desired result. Anyway +0.4%
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
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
This afternoons work 35 pips
It was slow getting going!
Must quit now, Have a good weekend guys!
It was slow getting going!
Must quit now, Have a good weekend guys!
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."
-
baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
Re: Ray's amnesty page
Ray,
Good work. Beautiful trades. Nice stepping AIMS boxes starting from a double bottom. Do you find that one color bar charts are less confusing than multi color candles?
I lost about about 6 pips. (Got out to early on one trade.) Currency markets seemed to be stalling during the same period.
Ed
Good work. Beautiful trades. Nice stepping AIMS boxes starting from a double bottom. Do you find that one color bar charts are less confusing than multi color candles?
I lost about about 6 pips. (Got out to early on one trade.) Currency markets seemed to be stalling during the same period.
Ed
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Hi
Do you refer to the colour of the AO bars? I do think the direction of the AO which affects the colour of subsequent bars, is an important measure of momentum. I honestly didn't think I was looking for the AO to have crossed the ZL before entering that last trade but in hindsight it did justify the direction of short, and it actually tells me I probably quit the trade before it had finished its downward push, it hadn't properly diverged (by not making higher lows when the price had made lower lows), the alligator was still open, and I guess I missed out on 5 or 10 more points for quitting when I did
Do you refer to the colour of the AO bars? I do think the direction of the AO which affects the colour of subsequent bars, is an important measure of momentum. I honestly didn't think I was looking for the AO to have crossed the ZL before entering that last trade but in hindsight it did justify the direction of short, and it actually tells me I probably quit the trade before it had finished its downward push, it hadn't properly diverged (by not making higher lows when the price had made lower lows), the alligator was still open, and I guess I missed out on 5 or 10 more points for quitting when I did
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."
-
baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
Re: Ray's amnesty page
Good info! You made a couple of informative comments that I missed when looking at your trade. Practice, practice, practice.
Actually I was referring to the single color bar charts you use instead of blue or red candles.
Ed
Actually I was referring to the single color bar charts you use instead of blue or red candles.
Ed