$60,000 up in two days!
You're right Ray, but not only about Fruit. It is often about
connecting the dots in more ways than one.
Probably like you I've tried almost everything, discarded it
and returned to it at a later stage.
I've trialed countless systems, mixing and matching with
some awesome results - meaning I always win when
everything lines up.
Later I came to realize that when 'everything is lined up'
the reason it's all lined up is because the market itself
is screaming at you what direction it's going. You can
tell as much with no indicators at all on those occasions
Conversely, when the market is uncooperative no systems
or indicators are going to line up in any profitable way.
and it's amazing how many times you can really get
involved in all types of methodology only to find yourself
back to fractals where you started
but I find none of such excursions are a waste of time,
they always broaden your horizons, there are
are always new insights to be gleaned.
A good example is a new approach I have been using
over the last week or so, so far I have made over $60,000
in two days with little attention to money management
( demo) but the winners on my screenshot are impressive
enough.
All it is is waiting for divergence on the H4, and if price
moves in your direction just don't get greedy. Place PO after
a clear break of AIMS and exit before you hit prior AIMS level
I aim for just 50 pips. So far no losers on this approach
but the secret is to ensure you are well clear of AIMS on
entry and take your exit before prior AIMS and pivot levels.
But something else I've had a lot of profit and fun with -
When reaching a modest profit target close 80% and let the
remaining 20% run on to the next level. It often does run on.
It was so much fun I extended the strategy so that when the
20% reached the next obvious target I would close 15% and put
a trailing stop on the remaing 5% until it was eventually stopped.
It can be profitable but I would say it's greatest value is that it
really is a lot more fun, always having something in making
more profit. - and if you're having fun trading you will earn
more anyway
Mickey's Journal
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
You do not have the required permissions to view the files attached to this post.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
After the last GBPCAD Divergence signal to go short
which worked out well on the screenshot above we
got a divergence signal to go long
And you can see on that last trade I bought well
clear of break of prior AIMS and sold well under
prior AIMS and weekly pivot for 46 pips
On the NZDUSD sold at break of prior AIMS after
a short divergence signal for 42 pips and note how
the trendline crosses the weekly pivot, close to level
of prior AIMS. I exited the trade well above that level and
all the action took place within the AIMS box. price may
continue to bottom of AIMS but I'm not looking for any
unnecessary risk.
How would I describe this strategy? The importance of
Divergence has often been stressed on this forum and
rightly so. It is a powerful signal.
With this strategy the exit is better known than the entry
which is very unusual. Meaning you don't know whether the
Divergence signal will prove true, but if it does you can have
a good idea where it might end up looking at weekly, monthly
pivot lines plus prior AIMS. They work very well together.
So for example if prior AIMS AND a major pivot line are in
the same region get out well before both and enter around
50 pips before that point
Actually you pick your exit first and work backwards to the entry.
Its almost resembles a belated AIMS S2 as you do not look for
break of current AIMS, you pay more attention to prior AIMS,
more importantly you need to be confident that price is moving in
the direction of Divergence signal BEFORE entering
If it is, it tends to hit, or very nearly hit the major pivot and
prior AIMS level. If you wanted to make it more aimsey you could
use Ewaves to plot divergence possibly.
I'm about as good at spotting Divergence as I am spotting
Elliott waves so I just look for the arrows to tell me what to do.
which worked out well on the screenshot above we
got a divergence signal to go long
And you can see on that last trade I bought well
clear of break of prior AIMS and sold well under
prior AIMS and weekly pivot for 46 pips
On the NZDUSD sold at break of prior AIMS after
a short divergence signal for 42 pips and note how
the trendline crosses the weekly pivot, close to level
of prior AIMS. I exited the trade well above that level and
all the action took place within the AIMS box. price may
continue to bottom of AIMS but I'm not looking for any
unnecessary risk.
How would I describe this strategy? The importance of
Divergence has often been stressed on this forum and
rightly so. It is a powerful signal.
With this strategy the exit is better known than the entry
which is very unusual. Meaning you don't know whether the
Divergence signal will prove true, but if it does you can have
a good idea where it might end up looking at weekly, monthly
pivot lines plus prior AIMS. They work very well together.
So for example if prior AIMS AND a major pivot line are in
the same region get out well before both and enter around
50 pips before that point
Actually you pick your exit first and work backwards to the entry.
Its almost resembles a belated AIMS S2 as you do not look for
break of current AIMS, you pay more attention to prior AIMS,
more importantly you need to be confident that price is moving in
the direction of Divergence signal BEFORE entering
If it is, it tends to hit, or very nearly hit the major pivot and
prior AIMS level. If you wanted to make it more aimsey you could
use Ewaves to plot divergence possibly.
I'm about as good at spotting Divergence as I am spotting
Elliott waves so I just look for the arrows to tell me what to do.
You do not have the required permissions to view the files attached to this post.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
I wonder if you might find any improvement by putting in MACD settings a bit closer to the 5 and 34 of the awesome oscillator
The elliott waves make more sense to me generally on the AO, due deference to Bill Williams
in fact in some timeframes I think money could be made by using the AO as the starting signal rather than the confirmation (but of course it looks easy in hind sight!).
The elliott waves make more sense to me generally on the AO, due deference to Bill Williams
in fact in some timeframes I think money could be made by using the AO as the starting signal rather than the confirmation (but of course it looks easy in hind sight!).
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."
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Re: Mickey's Journal
OK, done that ray, it does seem a bit more on the pulse
Below is aims divergent system giving about 75% return so
far.
Really improved by using aims boxes as well as trendline break
foe entry. exit very subjective
System aims for certain pivots when there is divergence
QQE can be a good confirmation when there is no trend line
as below
Aims has really come up trumps with this one - best system
I have ever used! - but proably not for everyone
Below is aims divergent system giving about 75% return so
far.
Really improved by using aims boxes as well as trendline break
foe entry. exit very subjective
System aims for certain pivots when there is divergence
QQE can be a good confirmation when there is no trend line
as below
Aims has really come up trumps with this one - best system
I have ever used! - but proably not for everyone
You do not have the required permissions to view the files attached to this post.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
kooky
- Free Member
- Posts: 133
- Joined: 12 Feb 2012, 06:39
- 13
Re: Mickey's Journal
Ok Mickey,thanks looks great but I have never seen it.Where do we find this Divergence Indi.??
kooky
kooky
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
Nice to hear from Mickey after a long time!
I think we would all do well to go back and read the original Ebook about classic Aims. If I remember right the chart settings which came up on my original instalment 3 or 4 years ago had two frames on the same page, M1 and m5. And it was proposed that one could be trading m5 with fine-tuned entries shown by m1.
In doing this, and if the market has a nice trend, which is I think where the big money is to be made, trading on m5 with m1 entry, can mean that one rides the m1 trend through w3, through the pullback (hopefully not a big fallback) of a w4 and then the next push of w5.
I believe some of these other indicators are just trying to show the underlying market behaviour at slower and faster tempo, I have been told off for mentioning such in the past, but it doesn't stop me applying them for my own use because I find genuine benefit in them also.
Like I say, I think a few minutes in the ebook would not go amiss. I seem to remember an amazing initial period of good luck when I first put Aims to work, and which resumes when I get back to basics. Combination of patience and adherence to the advised system. And Dax seems to be the best instrument I have ever found to use it with!
I think we would all do well to go back and read the original Ebook about classic Aims. If I remember right the chart settings which came up on my original instalment 3 or 4 years ago had two frames on the same page, M1 and m5. And it was proposed that one could be trading m5 with fine-tuned entries shown by m1.
In doing this, and if the market has a nice trend, which is I think where the big money is to be made, trading on m5 with m1 entry, can mean that one rides the m1 trend through w3, through the pullback (hopefully not a big fallback) of a w4 and then the next push of w5.
I believe some of these other indicators are just trying to show the underlying market behaviour at slower and faster tempo, I have been told off for mentioning such in the past, but it doesn't stop me applying them for my own use because I find genuine benefit in them also.
Like I say, I think a few minutes in the ebook would not go amiss. I seem to remember an amazing initial period of good luck when I first put Aims to work, and which resumes when I get back to basics. Combination of patience and adherence to the advised system. And Dax seems to be the best instrument I have ever found to use it with!
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."
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Mickey's Journal
Hello Ray, its funny how you can go all round the houses
and end up almost back where you started!
I think AIMS box is absolute genius, and snorm charges about three
quid for them - they are more than just fractals visually.
Where we differ is on elliott waves - which actually is not part of
AIMS set up at all, it can be used for confidence? - it does nothing
for me although TZ1 is worth the modest price.
I did + 7.3% this week which is ok, the system is a monday
system with just a look in during the week
Kooky - divergence indicators are freely available but
you don't really need an indicator - just look for divergence
between e-waves and price
and end up almost back where you started!
I think AIMS box is absolute genius, and snorm charges about three
quid for them - they are more than just fractals visually.
Where we differ is on elliott waves - which actually is not part of
AIMS set up at all, it can be used for confidence? - it does nothing
for me although TZ1 is worth the modest price.
I did + 7.3% this week which is ok, the system is a monday
system with just a look in during the week
Kooky - divergence indicators are freely available but
you don't really need an indicator - just look for divergence
between e-waves and price
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Mickey's Journal
You truly are a Wiseman...wiseambitions wrote:Nice to hear from Mickey after a long time!
I think we would all do well to go back and read the original Ebook about classic Aims. If I remember right the chart settings which came up on my original instalment 3 or 4 years ago had two frames on the same page, M1 and m5. And it was proposed that one could be trading m5 with fine-tuned entries shown by m1.
In doing this, and if the market has a nice trend, which is I think where the big money is to be made, trading on m5 with m1 entry, can mean that one rides the m1 trend through w3, through the pullback (hopefully not a big fallback) of a w4 and then the next push of w5.
I believe some of these other indicators are just trying to show the underlying market behaviour at slower and faster tempo, I have been told off for mentioning such in the past, but it doesn't stop me applying them for my own use because I find genuine benefit in them also.
Like I say, I think a few minutes in the ebook would not go amiss. I seem to remember an amazing initial period of good luck when I first put Aims to work, and which resumes when I get back to basics. Combination of patience and adherence to the advised system. And Dax seems to be the best instrument I have ever found to use it with!
love this postWhat 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!
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Mickey's Journal
Following Ray's advice I've been looking at a stripped
down version of S1 and have been pleasantly surprised.
No cherry picking whatsoever and nothing added to the
strategy at all.
I understand Purple might have been added as an
enhancement but I'm finding on all the Yen pairs
H1 time frame if you are seriously selective and
patient the results can be quite spectacular
JPYUSD +117 pips for 30 pip risk
EURJPY +420 pips for 17 pips risk
AUDJPY +162 pips for 20 pips risk
CADJPY +167 pips for 20 pips risk
screenshots below
Thats +866 pips profit
Now lets suppose I now get 20 straight rents
What of it? That will set me back 400 pips
but I will still be +466 pips ahead!
Patience is key. It always is. By seriously limiting
the tradeable AIMS box size you do two things:-
1. reduce the risk to next to nothing - the original
AIMS stress free trading premise, so rents aren't
a problem
2. The smaller the box the greater the congestion
and the more of a 'jack in the box' effect you will
achieve.
That being the case it's largely a no lose situation.
In these congested situations the breakout doesn't
usually whiplash back again ( maybe on lower time frames )
and even if it does it wouldn't really matter.
So why isn't this a licence to print money?
Because no system is.
The entry has long been established, - break of AIMS
likewise the original Exit rule - first break of AIMS against you
I don't think it could get much simpler than that!
The spanner in the works will only ever be ourselves, we need
to get out of our own way. This may not work on all time frames
and currencies so there may not be many setups. Most will trade
'nearly' set ups rather than patiently wait.
That is where it all falls down
This is absolutely a game of psychology. discipline is the magic
ingredient and no one will ever thank you for recommending
the D word!
I originally did very well trading AIMS 5min TF. At the moment
I'm not seeing any sense on the lower time frames with any
system. it might just be me.
down version of S1 and have been pleasantly surprised.
No cherry picking whatsoever and nothing added to the
strategy at all.
I understand Purple might have been added as an
enhancement but I'm finding on all the Yen pairs
H1 time frame if you are seriously selective and
patient the results can be quite spectacular
JPYUSD +117 pips for 30 pip risk
EURJPY +420 pips for 17 pips risk
AUDJPY +162 pips for 20 pips risk
CADJPY +167 pips for 20 pips risk
screenshots below
Thats +866 pips profit
Now lets suppose I now get 20 straight rents
What of it? That will set me back 400 pips
but I will still be +466 pips ahead!
Patience is key. It always is. By seriously limiting
the tradeable AIMS box size you do two things:-
1. reduce the risk to next to nothing - the original
AIMS stress free trading premise, so rents aren't
a problem
2. The smaller the box the greater the congestion
and the more of a 'jack in the box' effect you will
achieve.
That being the case it's largely a no lose situation.
In these congested situations the breakout doesn't
usually whiplash back again ( maybe on lower time frames )
and even if it does it wouldn't really matter.
So why isn't this a licence to print money?
Because no system is.
The entry has long been established, - break of AIMS
likewise the original Exit rule - first break of AIMS against you
I don't think it could get much simpler than that!
The spanner in the works will only ever be ourselves, we need
to get out of our own way. This may not work on all time frames
and currencies so there may not be many setups. Most will trade
'nearly' set ups rather than patiently wait.
That is where it all falls down
This is absolutely a game of psychology. discipline is the magic
ingredient and no one will ever thank you for recommending
the D word!
I originally did very well trading AIMS 5min TF. At the moment
I'm not seeing any sense on the lower time frames with any
system. it might just be me.
You do not have the required permissions to view the files attached to this post.
Stop searching for the Holy Grail, you've already found it -
It's in your mind!
It's in your mind!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
I do like the "Jack in the box effect". Best description I've heard in weeks!
Another member emailed me recently saying this forum is meant to be a think tank. Therefore it is ok to discuss BW/Aims concepts and it is just as ok to talk about possible enhancements to all that.
BTW, with your MACD, please just try the settings 6,50,50. (MACD works on exponentials which are a bit faster changing than simple MAs). And observe how it relates to AO, (which is 5 and 34 simple), and how it might enable you to trade m5 on m1 chart and ride waves 3 through to 5. I know you picked up on my ideas with some of this more than 6 months ago, although others perhaps rejected them.
Another member emailed me recently saying this forum is meant to be a think tank. Therefore it is ok to discuss BW/Aims concepts and it is just as ok to talk about possible enhancements to all that.
BTW, with your MACD, please just try the settings 6,50,50. (MACD works on exponentials which are a bit faster changing than simple MAs). And observe how it relates to AO, (which is 5 and 34 simple), and how it might enable you to trade m5 on m1 chart and ride waves 3 through to 5. I know you picked up on my ideas with some of this more than 6 months ago, although others perhaps rejected them.
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."