It's a great setting, needing very fast execution, tight spreads and a broker who will allow a tight SL (there are some that won't let you reset within about 3 pips!), and the rules are wait for the candle to end before confirming next entry..............so have an accurate radio controlled clock running to show when the next minute starts.........
SL...........I'd say emergency initial Donchian (11) + (spread on the top line) then quickly tightened perhaps to donchian (5) else EMA 6 (mean) shifted 5 or 6.
This setting usually will find you trading inside of the Aims box. (An article does exist in the site somewhere about ways of doing that properly).
But it causes us to go back to Aims/Williams principles. BW will have you believe the alligator took millions of numbers into account using the best brains and best computers available at the time, and he's proud of it. Alligator and fractals and AO all come together as we know, as the S1 signals, so we need to understand if following something quicker acting than that it needs more attention and concentration of the mind!
Exciting though !
Mickey's Journal
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
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: Mickey's Journal
Here are some results over about an hour using the above system, time is UK+2hrs. About +27 pips
19511370 2016.09.14 17:44:16 sell 1.00 ger30 10406.2 10392.9 0.0 2016.09.14 17:58:37 10392.9 0.00 0.00 0.00 11.35
19511470 2016.09.14 17:58:37 buy 1.00 ger30 10393.2 10387.8 0.0 2016.09.14 18:10:07 10388.7 0.00 0.00 0.00 -3.84
19511860 2016.09.14 18:10:03 sell 1.00 ger30 10388.1 10394.9 0.0 2016.09.14 18:16:07 10383.1 0.00 0.00 0.00 4.26
19512036 2016.09.14 18:16:04 buy 1.00 ger30 10383.1 10389.9 0.0 2016.09.14 18:28:20 10393.6 0.00 0.00 0.00 8.96
19512382 2016.09.14 18:29:02 sell 1.00 ger30 10394.7 10387.1 0.0 2016.09.14 18:39:05 10383.2 0.00 0.00 0.00 9.82
19512590 2016.09.14 18:39:03 buy 1.00 ger30 10382.9 10379.6 0.0 2016.09.14 18:44:21 10379.6 0.00 0.00 0.00 -2.82
19511370 2016.09.14 17:44:16 sell 1.00 ger30 10406.2 10392.9 0.0 2016.09.14 17:58:37 10392.9 0.00 0.00 0.00 11.35
19511470 2016.09.14 17:58:37 buy 1.00 ger30 10393.2 10387.8 0.0 2016.09.14 18:10:07 10388.7 0.00 0.00 0.00 -3.84
19511860 2016.09.14 18:10:03 sell 1.00 ger30 10388.1 10394.9 0.0 2016.09.14 18:16:07 10383.1 0.00 0.00 0.00 4.26
19512036 2016.09.14 18:16:04 buy 1.00 ger30 10383.1 10389.9 0.0 2016.09.14 18:28:20 10393.6 0.00 0.00 0.00 8.96
19512382 2016.09.14 18:29:02 sell 1.00 ger30 10394.7 10387.1 0.0 2016.09.14 18:39:05 10383.2 0.00 0.00 0.00 9.82
19512590 2016.09.14 18:39:03 buy 1.00 ger30 10382.9 10379.6 0.0 2016.09.14 18:44:21 10379.6 0.00 0.00 0.00 -2.82
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: Mickey's Journal
It went utterly useless after 5pm. I gave it all back and more besides. It was only pretend money though. I will see what it does (on Dax) when the markets open properly again.
The important thing to concede is about those Aims boxes. I'm not saying we need to understand EW (because I still find it subjective!) but all the time we are inside of an Aims box, we are inside of the EW when all sorts of things are happening in an even faster TF (i.e. faster than m1),
but the AIMS BOX IS DOING ITS JOB to keep us out of the market until something moves and changes and the fractal breaks.
Fair enough there are various techniques like looking for strong reversals ("fruit") inside of that box, but I wonder if we took all the concepts and recorded a significant number of signals (say 100 minimum) at the preferred times of day over a long period which one would come out best? Would we have to come back to say we get less starting signals but less whip for sticking with the alligator, would we say slower TFs (m15/H1 etc) suffer less noise than M1?
All we want is that steady 2 or 3 pc a day!
And I like clear unambiguous signals. For example try this. Draw EMA6 shifted 3 bars. Buy when price closes north of the line, sell when it closes south. It's simple. Or if you don't like that do it was the red line of the alligator (and use green line as the exit)
The important thing to concede is about those Aims boxes. I'm not saying we need to understand EW (because I still find it subjective!) but all the time we are inside of an Aims box, we are inside of the EW when all sorts of things are happening in an even faster TF (i.e. faster than m1),
but the AIMS BOX IS DOING ITS JOB to keep us out of the market until something moves and changes and the fractal breaks.
Fair enough there are various techniques like looking for strong reversals ("fruit") inside of that box, but I wonder if we took all the concepts and recorded a significant number of signals (say 100 minimum) at the preferred times of day over a long period which one would come out best? Would we have to come back to say we get less starting signals but less whip for sticking with the alligator, would we say slower TFs (m15/H1 etc) suffer less noise than M1?
All we want is that steady 2 or 3 pc a day!
And I like clear unambiguous signals. For example try this. Draw EMA6 shifted 3 bars. Buy when price closes north of the line, sell when it closes south. It's simple. Or if you don't like that do it was the red line of the alligator (and use green line as the exit)
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
Clock
Great stuff Ray!
I already have the clock to give precise count down to next candle -
You can see it on the screenshot below, it sits on the price level
as you can see. anyone is welcome to it - it's attached. but maybe
radio will avoid platform freezes etc
btw I stand by IC Markets as all round trustworthy broker, been around
awhile too but not for M1 or M5! there have been quite a few platform
freezes this weekwhich may well be due to long distance EU to Australia
no issue on higher time frames obviously
I already have the clock to give precise count down to next candle -
You can see it on the screenshot below, it sits on the price level
as you can see. anyone is welcome to it - it's attached. but maybe
radio will avoid platform freezes etc
btw I stand by IC Markets as all round trustworthy broker, been around
awhile too but not for M1 or M5! there have been quite a few platform
freezes this weekwhich may well be due to long distance EU to Australia
no issue on higher time frames obviously
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
Getting Out
And I like clear unambiguous signals. For example try this. Draw EMA6 shifted 3 bars.
Buy when price closes north of the line, sell when it closes south. It's simple.
I've just been testing it - yes, simple but powerful!
or just use that for exit - entry is relatively easy.
In my current H1 trade the entry was rock solid - I won't even
begin to explain why
but optimal exit?
Immy said forget TZ1 when W3 retrace is over 50% 'NEXT!'
I'm certain thats right in terms of Elliot Wave analysis
In this trade I gave no thought to EW but now its moving Ive noticed
W3 retraced 61% before moving down
I see TZ1 looming up for 72 pips - wouldn't be bad even though
not in the rules so to speak
Ive also adjusted EMA6 to shift 3 bars and could just wait for a close
above that
Actually I think this trade will run a fair bit - lets see
Buy when price closes north of the line, sell when it closes south. It's simple.
I've just been testing it - yes, simple but powerful!
or just use that for exit - entry is relatively easy.
In my current H1 trade the entry was rock solid - I won't even
begin to explain why
but optimal exit?
Immy said forget TZ1 when W3 retrace is over 50% 'NEXT!'
I'm certain thats right in terms of Elliot Wave analysis
In this trade I gave no thought to EW but now its moving Ive noticed
W3 retraced 61% before moving down
I see TZ1 looming up for 72 pips - wouldn't be bad even though
not in the rules so to speak
Ive also adjusted EMA6 to shift 3 bars and could just wait for a close
above that
Actually I think this trade will run a fair bit - lets see
You do not have the required permissions to view the files attached to this post.
-
Tomi
- AIMSter
- Posts: 954
- Joined: 08 Jan 2012, 19:21
- 13
Re: Mickey's Journal
Maybe it's this one: http://itradeaims.net/forum/viewtopic.php?f=43&t=282wiseambitions wrote:This setting usually will find you trading inside of the Aims box. (An article does exist in the site somewhere about ways of doing that properly).
Trading ITB/Inside the Box. When there's a great structure and market has momentum price many times retests the earlier AIMS level or entry level when taking the trade based on AIMS box breakout. Personally I don't trade ITB exactly by definition but similar as the seeds formed to these retraces are fantastic. When there's a fresh AO cross, AO retraces, price retraces sometimes over 61%: it's a good chance that wave1->wave2 has occurred and wave3 might be starting. What ever entry method -> good place to trade
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Mickey's Journal
Sometimes I look at various entry and exit rules and their success rates and return to the thinking that we aren't going to be more successful by doing anything other than finding high probability setups and managing them correctly. A lot of the scalping techniques we come across are a bit fast for what I call flawless execution and don't give the overall gains that a retrospective look at charts would suggest were possible.
On the other hand in terms of basic Aims, where do we do best? I think it's in cases where we catch a breakout from a fairly short (not tall) Aims box after a sleepy alligator at times of the day when the market is normally well attended. Eg. Morning session, or NY session.
Here's a chart to prove my point. m5 Dax. About 3.30pm UK time (this chart is UK plus 2hrs), changing the colour of aims box to be orange when it is no more than 15 pips high. It would be the reward for patience, setting a PO (either side if you like) just outside the aims box then waiting for the usual exit rule, be it touch of alligator lips or whatever in order to take the profit, or opposite side of the box as initial loss. Probably this was also a double aims break with m1, but in any case if with those orange boxes you scroll back through a day you'll see they give the breakouts generally worth taking and the ones which give the steady 2 and more % a day which real account growth comes from
On the other hand in terms of basic Aims, where do we do best? I think it's in cases where we catch a breakout from a fairly short (not tall) Aims box after a sleepy alligator at times of the day when the market is normally well attended. Eg. Morning session, or NY session.
Here's a chart to prove my point. m5 Dax. About 3.30pm UK time (this chart is UK plus 2hrs), changing the colour of aims box to be orange when it is no more than 15 pips high. It would be the reward for patience, setting a PO (either side if you like) just outside the aims box then waiting for the usual exit rule, be it touch of alligator lips or whatever in order to take the profit, or opposite side of the box as initial loss. Probably this was also a double aims break with m1, but in any case if with those orange boxes you scroll back through a day you'll see they give the breakouts generally worth taking and the ones which give the steady 2 and more % a day which real account growth comes from
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."
-
kiravon
- AIMSter
- Posts: 835
- Joined: 18 Dec 2013, 14:08
- 11
Simple AIMS
I actually already had the same template as Ray, except my
small box was red - brilliant! you couldn't see red gator at all!
It just doesn't get any more simple than this
Place your POs either side of AIMS
move to BE as soon as possible
If there is any momentum move down to M1 and trail bars
or if you are new and feel stressed just keep moving your stop to
the tip of Green Gator (see below ) when gator moves its like its
telling you there is more to come, so you follow its lead
you dont have to think - its mechanical
In the case below I was eventually stopped for 27 pips
It really makes the 1% or 2% per day seem very do able
as you see from screenshot, Stop is on the very tip of Green just before
I was stopped out
small box was red - brilliant! you couldn't see red gator at all!
It just doesn't get any more simple than this
Place your POs either side of AIMS
move to BE as soon as possible
If there is any momentum move down to M1 and trail bars
or if you are new and feel stressed just keep moving your stop to
the tip of Green Gator (see below ) when gator moves its like its
telling you there is more to come, so you follow its lead
you dont have to think - its mechanical
In the case below I was eventually stopped for 27 pips
It really makes the 1% or 2% per day seem very do able
as you see from screenshot, Stop is on the very tip of Green just before
I was stopped out
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
News Trade
Great News Trade
Entered on retracement of spike more or
less, for 30 pips
Trailed dynamically ie price was hugging Green
so trailed on Red
eventually price broke that pattern and started to breach
Green and touch Red so I pulled back Stop to Upper
AIMS.
There was 30 minutes consolidation in a very tight range
and price could easily have moved down but it reversed up
instead for 30 pips
so my two trades today total 57 pips on M1
Not too bad for someone who can't seem to trade anything
under H4
Never trade Fridays! Price Manipulation day!
Great, bring it on
Entered on retracement of spike more or
less, for 30 pips
Trailed dynamically ie price was hugging Green
so trailed on Red
eventually price broke that pattern and started to breach
Green and touch Red so I pulled back Stop to Upper
AIMS.
There was 30 minutes consolidation in a very tight range
and price could easily have moved down but it reversed up
instead for 30 pips
so my two trades today total 57 pips on M1
Not too bad for someone who can't seem to trade anything
under H4
Never trade Fridays! Price Manipulation day!
Great, bring it on
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
Orange AIMS
It doesn't really get much simpler than this. Risk is minimal
This basket of AUS may probably all win or all lose
We'll see
This basket of AUS may probably all win or all lose
We'll see
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!