Monday - BH in USA (Independence Day).
Dax experience - the morning, it moved a bit
The PM - it just about stopped moving. Perhaps a trend was available in m5 and m15 but it would have been choppy in m1 and rather impossible to make money from.
Immy has said in the past he would walk away from the session after 3 consecutive bad trades. I guess I would have done better if I'd heeded that, however if anyone can make sense of this, 30% of the morning's trades were winners, 70% were losers, the pips were -3.5 in total, but the profit was mildly positive.
I can't see anyone else has yet written a journal entry for today so I guess the rest of you found it lack lustre.
Ray's amnesty page
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wiseambitions
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Re: Ray's amnesty page
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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Tomi
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Re: Ray's amnesty page
Keep searching fellowwiseambitions wrote:I can't see anyone else has yet written a journal entry for today so I guess the rest of you found it lack lustre.
I have journal entry already and it was a good fun today. Liked the flow. I traded normally 2 hours of London session. New York was skipped as they are having independence day.-
wiseambitions
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Re: Ray's amnesty page
Sorry I missed your post. The index to the forum journals seems to be broken over two pages with stuff in the middle which I wonder whether it is training material and really belongs elsewhere.
Oh and yes we all need frequent re-training in this
I was late getting in and early getting out of this trade, viewed in the perspective of M1 just now - not that I was disappointed with the profit, I think I just got out because of fear, the fear of profits melting away again, it just seems there are times when this emotion overcomes us, even if we know we'd often do better to obey what the indicators are saying.
Oh and yes we all need frequent re-training in this
I was late getting in and early getting out of this trade, viewed in the perspective of M1 just now - not that I was disappointed with the profit, I think I just got out because of fear, the fear of profits melting away again, it just seems there are times when this emotion overcomes us, even if we know we'd often do better to obey what the indicators are saying.
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
Tuesday morning
The big round number of 9900 was strong resistance to the early rise today.
I should have got out with 100 but let it drift back to a manual SL and got 85
Anyway I have just been emailing with a fellow trader who tendered the question whether it was a good idea to stop for the day when an acceptable profit has been taken. I think so ! Yesterday was all over the place, I didn't always get it right, and took a long time getting the return I had targeted. I think Theresa May becoming UK prime minister with no further contest necessary surprised one or two markets.
The big round number of 9900 was strong resistance to the early rise today.
I should have got out with 100 but let it drift back to a manual SL and got 85
Anyway I have just been emailing with a fellow trader who tendered the question whether it was a good idea to stop for the day when an acceptable profit has been taken. I think so ! Yesterday was all over the place, I didn't always get it right, and took a long time getting the return I had targeted. I think Theresa May becoming UK prime minister with no further contest necessary surprised one or two markets.
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
Thursday morning
0742 My broker sent his daily briefing forecasting "European markets are expected to start on a flat note"
It was out of date before it was sent, the market (Dax) has risen almost 2% since late in yesterday afternoon.
Chaos prevails!
It reminds me of someone I knew who published a newspaper. Each time a fortune teller would issue horoscopes to be incorporated. One day the fortune teller was poorly, the editor rang her house and asked advice. The answer came back "Don't worry, just slip in a horoscope from a year or two ago it should be quite all right".
All the blogs and discussion about whether the market will go up or go down are just as bad, I think we just have to carry on doing what the charts say, but be careful of expected news announcements. This morning's main action took place prior to and immediately after FO (if you look at overnight futures), and before LO, so perhaps not many of our people caught much of it in its ascendancy.
0742 My broker sent his daily briefing forecasting "European markets are expected to start on a flat note"
It was out of date before it was sent, the market (Dax) has risen almost 2% since late in yesterday afternoon.
Chaos prevails!
It reminds me of someone I knew who published a newspaper. Each time a fortune teller would issue horoscopes to be incorporated. One day the fortune teller was poorly, the editor rang her house and asked advice. The answer came back "Don't worry, just slip in a horoscope from a year or two ago it should be quite all right".
All the blogs and discussion about whether the market will go up or go down are just as bad, I think we just have to carry on doing what the charts say, but be careful of expected news announcements. This morning's main action took place prior to and immediately after FO (if you look at overnight futures), and before LO, so perhaps not many of our people caught much of it in its ascendancy.
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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Re: Ray's amnesty page
Monday Morning
The Dax is nothing short of fractious this morning. Fractals breaking each direction!
Compared with Friday night, market futures prior to FO rose, it was strong around FO, I took a short, fortuitiously, just before LO, and closed manually for a decent return, but within 5 minutes it was up 80 or more pips again, and (wrongly this time) I was not going to trade out of such a high Aims box (marked orange here because it was about 30 pips high requiring a generous SL).
We often hear people talking about markets "Closing the gap". I don't really understand the concept, other than thinking there is unfinished business, and perhaps what was happening at LO was exactly that.
I will wait until the AO settles and the alligator has had a bit of a rest before going back in with all this shenanigans
The Dax is nothing short of fractious this morning. Fractals breaking each direction!
Compared with Friday night, market futures prior to FO rose, it was strong around FO, I took a short, fortuitiously, just before LO, and closed manually for a decent return, but within 5 minutes it was up 80 or more pips again, and (wrongly this time) I was not going to trade out of such a high Aims box (marked orange here because it was about 30 pips high requiring a generous SL).
We often hear people talking about markets "Closing the gap". I don't really understand the concept, other than thinking there is unfinished business, and perhaps what was happening at LO was exactly that.
I will wait until the AO settles and the alligator has had a bit of a rest before going back in with all this shenanigans
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
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Re: Ray's amnesty page
Would anybody trade the exact moment of 0700 (UK time) when Germany starts?
That's why I am not really being too cross with myself that I missed 50 or more pips this morning.
Chart is a 24/5 broker showing overnight "futures" and classic Aims s1
That's why I am not really being too cross with myself that I missed 50 or more pips this morning.
Chart is a 24/5 broker showing overnight "futures" and classic Aims s1
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
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
C:\Users\Home User\Desktop\2016-07-20_1430_dax_wednesday.png
This mornings best trade for about 70 pips
Yesterday was fairly awful after the first couple hours. Reason was the market didn't move and as soon as I went long it reversed, or went short and it turned up again. we get a few days like that, but must not forsake the good strategy just on such bad experiences. Today redeemed the situation for me.
This mornings best trade for about 70 pips
Yesterday was fairly awful after the first couple hours. Reason was the market didn't move and as soon as I went long it reversed, or went short and it turned up again. we get a few days like that, but must not forsake the good strategy just on such bad experiences. Today redeemed the situation for me.
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
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- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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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."
-
immy
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Re: Ray's amnesty page
You caught the MEAT of the action today. there was nothing after it and i for one was not after it. I want to see a good move, if i see and trade it fine, if i miss it, fine, i won't be trading into the sideways market thinking it might go again... cheers
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!
