So if a profit has been made, and target is achieved, take it and go away for the rest of the day rather than give it back
That is a stress-less or reduced-stress way to eventual success
Ray's amnesty page
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
I think what you're saying is that once the market has shifted a fair bit (eg in the early morning) it is just as likely to go dull for the rest of the day.
So if a profit has been made, and target is achieved, take it and go away for the rest of the day rather than give it back
That is a stress-less or reduced-stress way to eventual success
So if a profit has been made, and target is achieved, take it and go away for the rest of the day rather than give it back
That is a stress-less or reduced-stress way to eventual success
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
The same happened at FO today as yesterday - a signal to go long within a moment of 0700 UK time
Potential profit over 50 pips
I did not take it
Potential profit over 50 pips
I did not take it
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
A nice quick scalp. It wasn't really going to fall through 10100 or was it?
All over in 2 1/4 minutes
That's enough for today
All over in 2 1/4 minutes
That's enough for today
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
I had a lot of small losses, well perhaps not very small, before this win. My emotions were frayed with the thought "Dax is rubbish again today".
When it went to over 50 pips just after 0900 (London time) my inclination was to claim what was on the table and try and chillax.
I was a bit late getting in, but wanted to eyeball the m5 and think for a moment before starting this trade.
(Friday was yuk).
When it went to over 50 pips just after 0900 (London time) my inclination was to claim what was on the table and try and chillax.
I was a bit late getting in, but wanted to eyeball the m5 and think for a moment before starting this trade.
(Friday was yuk).
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
Bad discipline today. Overtraded, by which I mean 24 opening signals taken.
24 trades
10 winners
14 losers
But net result, still up 88 pips and an acceptable monetary return with it.
The best thing to do is to press the x button in the top right of the terminal, acting in my best interests and not doing any more today.
One of the directors of my old firm, a man who made so much from trading that he retired in his 30s (bought a farm actually and I don't call that retiring) said trading is like a drug, and we have to get over signs of addiction. Well as it happens I don't know much about drugs unless you count caffeine, but I think I know what he meant.
24 trades
10 winners
14 losers
But net result, still up 88 pips and an acceptable monetary return with it.
The best thing to do is to press the x button in the top right of the terminal, acting in my best interests and not doing any more today.
One of the directors of my old firm, a man who made so much from trading that he retired in his 30s (bought a farm actually and I don't call that retiring) said trading is like a drug, and we have to get over signs of addiction. Well as it happens I don't know much about drugs unless you count caffeine, but I think I know what he meant.
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
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: Ray's amnesty page
Ray, please write it down when to stop trading. I have 3 losses or 2 hours have passed from London open, which ever comes first. You must have your own reasons to stop trading. I think it's easier to stop when the reason is written down. Or at very minimum clearly in your head. Keep the good trading going chap!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
You're so right Tomi, I was also thinking about having a "speed limit" sign on the wall opposite, to tell me the maximum number of trades I am allowed to do in a day. I would say 10 ought to be quite adequate. Actually the limit sign could well apply to the maximum position size. I seem to make more money for trading smaller numbers of contracts at a time, and keeping that % risk lower.
This chart here is a trade taken about 1450 London time, a short on m1 Dax. I jumped in before price came out the bottom of the aims box, which is a technique that sometimes works for me so long as clear of the alligator and AO says so. However I might as well have waited 10 minutes, and I might as well have got out a little earlier, as I had set top fractal for the exit. I.E. There would be nothing wrong with a profit of 50 which had been seen at one point, but in this case about 37 was cleared.
This chart here is a trade taken about 1450 London time, a short on m1 Dax. I jumped in before price came out the bottom of the aims box, which is a technique that sometimes works for me so long as clear of the alligator and AO says so. However I might as well have waited 10 minutes, and I might as well have got out a little earlier, as I had set top fractal for the exit. I.E. There would be nothing wrong with a profit of 50 which had been seen at one point, but in this case about 37 was cleared.
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 got chopped up badly around London open, it seemed to waver either side of the aims box in increasing steps and sucked me into trades both ways, losses were restricted by 15 pips initial stop losses. After it settled I could see structure once again in the market and this here is a picture of the trade which put me into 3.5% total profit for the day at which point I've quit. Kiravon would notice the entry was not only close to AO cross it coincided with the 6/50 Opened 0917, closed 1025 London time. That's quite a long time for an m1 trade, but that's the way the tide was flowing, looking at the wave in AO. The exit was the next bar after what might have painted a fruit on m1
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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Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: Ray's amnesty page
London open really was a mess. Kind of triangle getting bigger and making sure sl's keeps hitting. Good thing is that it shortly found the flow. I was looking similar short you took as there was a seed, but skipped it due to had already nice profits on the pocket. Only exception is that my short would have resulted to break-even but you turned that to profit!
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Ray's amnesty page
thats because he's in a league of his own...
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!
