Journal of Julius

[Julius]

Hello AIMSters!

I got introduced into Forex around a year ago when I needed to create Flex (Adobe Flash) application for timingcharts.com. (Ha, ha, still not created, we are working on Microsoft Silverlight version now). To do that, I started exploring eToro.com platform, which was supposedly done with a similar technology to Flash. That eToro Forex platform was so cool and educative that I became interested in Forex itself and not just creating Forex or Futures programs for others. But still, initially I was programming EA's for MT4, backtesting and optimizing them, and only later I really started practicing trading. Which means that I started practicing to trade Forex manually a little more intensively just about 7 months ago from now.

I came to AIMS around 3 weeks ago, and since then I have been practicing on a live micro account. My beginning was kind of successful and impressive for me (beginner's luck) so immediately after a few lucky days I started trading not so well and it had been lasting for 2 weeks. Then I realized I am really doing something wrong, read almost all the journals here and realized that I was just making a lot of mistakes, by not following AIMS rules. After that for a few days I became profitable again. And very soon overconfident too. This is where I started losing again.

Currently I am kind of at break even. I have too many little losers, then a few good winners. Hope you guys here will help me to improve the results. Actually, I have quite a strong "faith" in AIMS, if faith is the right word. What is more important, I really like it, because it is beautiful! :-bd

Julius

[snorm]

Hey Julius

Post some of your trades (good or bad) and I'm sure you'll get the very best of advice.

cheers
Steve

[immy]

Hello Julius!

Congratulations! on starting your own journal. As Steve mentioned if you post your trades here you will get some good response. I always repeat time and again, if you dont keep a journal you are not yet a professional trader. If you dont think you're a professional trader you are not a trader at all! You must consider yourself as a Proper Top Notch trader! it does not matter what is your account size! Keeping journal is very very very very powerful! Add some constructive critique to it, and you're on your wave to success in 5th gear!

cheers

Immy

[Julius]

Thank you Steve and Immy for welcoming me here! I actually log all my trades using myfxbook.com and I attach the entry and exit images to every trade. I also add comment usually and evaluate the trade whether it was correct or not correct according to AIMS rules. Then later I also reassess blocks of every 30 trades to see whether I improved or not. Recently I have just closed my #185 trade. Maybe that is where I should start.

I live in China, so I usually trade Asian, London and often New York session as well. This one was during Asian session -4.8 pips. I know it is not a trade strictly based on Grant's rules. But according to the manual I think I could take this trade because trend on M5 is confirmed. It seemed that the price has retraced enough and is ready for another move down. Yes, we could say that AO was old, but again, if we look at the manual when trend is confirmed we become more "aggresive".

Now, look forward to your feedback! Tell me why you wouldn't have taken this trade.

Julius

[Julius]

Break even trade of -0.2 pips. PO was 3 pips above M5 and M15 high. Traded straight into SMA 200. Very soon started trailing every candle, because of 5 consecutive Bull bars. I was aware that on M5 the market was in the 4th wave, but I thought I can still try M1 after a fresh ZL reset. Was it a valid trade?

[Julius]

Again not Grant's style trade. Setup 2. Seemed that M5 was ready for 5th wave, but hasn't crossed ZL yet. Was this one not a valid trade according to AIMS rules? Again, bounced from SMA 200.

[Julius]

Seems that I have a wonderful day with plenty of learning opportunities! Just immediately after the 3th trade, I tried to do another similar one, and of course it was a similar one with a similar success! (rofl)

I now noticed that M1 AO had two divergences in a row. Meaning it was the end of 5th wave on M1. Am I talking sense? #-o

I have also attached the M5 chart.

A smart note, pay attention this guy is trading Asian session almost at noon time when all normal people are going for lunch. What is he doing? Trading?! :-B

-13 pips for the day, yaaahooo!!!

[Julius]

Seems that to celebrate the start of my journal I am going to show all I can

There was a blue dot, AO close to ZL, Alligator open up, trend confirmed. Not very good signs - Medium news just just finished, M5 AO peaked showing the end of 3th wave.

[Grant]

Morning Julius,

I see that you have traded the asian session. The setiings and system were designed to be traded in the London/ Ny sessions as we are all in the UK.

Saying that i'm not saying that trading Asia is wrong far from it, but if it were me i would tweak the settings/rules a touch to suit the lower volatility of that session.

for example i would only take trades where m1 and m5 aims levels are shared and look for smaller initial SLs and targets.

Obviously if you are sat at your pc trading then you can play around til you find the tweaks that work...

As for your tarde just after the Eu medium news i too had a PO at 1.3178 but it wasnt quite triggered on my platform so i guess i dodged a bullet there...

keep at it

Garnt

[Julius]

Morning Julius,

I see that you have traded the asian session. The setiings and system were designed to be traded in the London/ Ny sessions as we are all in the UK.

Saying that i'm not saying that trading Asia is wrong far from it, but if it were me i would tweak the settings/rules a touch to suit the lower volatility of that session.

for example i would only take trades where m1 and m5 aims levels are shared and look for smaller initial SLs and targets.

Obviously if you are sat at your pc trading then you can play around til you find the tweaks that work...

As for your tarde just after the Eu medium news i too had a PO at 1.3178 but it wasnt quite triggered on my platform so i guess i dodged a bullet there...

keep at it

Garnt

Thank you Grant for your reply! You are definitely right, I noticed that a lot of my losers and breakevens would have been winners if I have chosen the more obvious and closer targets. I do have an ability to manualy backtest the AIMS, but it is also not something done that easily. Takes hours. Besides you can optimize something that is automatical, this one is manual system, so you need to optimize it manually as well. Anyway, I will try following your hint!

The reason why your PO was not hit probably because I didn't add 3 pips, but instead 1 pips + spread which summed up was around 2.1-2.5, it just barely hit the PO and went down.

In general, you brought the good news, telling that my main problem was not breaking the rules, but trading at the time where the system was not tuned in!

Julius