Topher's Journal

[Topher]

Well that is yet another month over. It is incredible where the time goes.

I haven't traded much this month as I have been on holiday for two weeks (although I did take a few sneaky trades while the wife was out shopping) and also spent a week working on my house, therefore I have only really had a weeks worth of trading. That been said I had a good month with +194pips (+13.5%).

When I started trading aims at the begining of January I told myself that I would give it my best shot and see how I was getting on at the end of May and decide from there. I know I have another month to go, however, from the results I have so far the higher time frames are proving the better option for me. Time is one of the most precious things we have and spending 10-20 minutes a day to trade H1 & H4 is major advantage over the slave to the screen M1.

Let's see what May brings.

Richard

[Luke]

You seem to be doing really well just one more thing just been messing around with them settings you have put up for the 4hr am i right in saying that all it does is change the dots and the hist (ao/wave) colour but keeps the actual method the same. I'm not really in to dots on higher TFs like to trade what i see.

[immy]

You seem to be doing really well just one more thing just been messing around with them settings you have put up for the 4hr am i right in saying that all it does is change the dots and the hist (ao/wave) colour but keeps the actual method the same. I'm not really in to dots on higher TFs like to trade what i see.

That Last Sentence is a Sign of Danger. If you don't trust the dots, you will never be able to trade em. IMHO.

[humpha]

Congratulations Richard - carving the waves up my friend (wd)

[immy]

Well that is yet another month over. It is incredible where the time goes.

I haven't traded much this month as I have been on holiday for two weeks (although I did take a few sneaky trades while the wife was out shopping) and also spent a week working on my house, therefore I have only really had a weeks worth of trading. That been said I had a good month with +194pips (+13.5%).

When I started trading aims at the begining of January I told myself that I would give it my best shot and see how I was getting on at the end of May and decide from there. I know I have another month to go, however, from the results I have so far the higher time frames are proving the better option for me. Time is one of the most precious things we have and spending 10-20 minutes a day to trade H1 & H4 is major advantage over the slave to the screen M1.

Let's see what May brings.

Richard

Richard

Very Well Done, Very good book keeping my friend! Enjoy your trading! and thanks for sharing.

Guys, we need to learn from Richard!

[Topher]

For some reason my interest is waning for forex and I am finding it increasingly difficult to concentrate on the charts, therefore, I am backing away from M1 a bit and concentrating more on the higher timeframes and thus a lot less screen time.

Because of the statement above I have had very limited screen time this week and only taken 5 trades for +31pips (+1.45%).

Eur-Usd M1 -2 (-0.2%)
Eur-Usd H1 +20 (+1%)
Usd-Cad H1 -16 (-0.8%)
Eur-Usd H1 +20 (+1%)
Usd-Chf H1 +9 (+0.45%)

[Ladytrader]

Hi Richard I look forward to reading your journal for your higher time frame, I know that you have been using both the lower and higher time frame and your results for both are very impressive but I too am looking to trade the higher time frame as I find it too consuming being at the screen all the time and sods law is when I leave the screen miss the good set ups so I will follow your journal with interest. Can I ask which pairs you will be following and will this be the 1 hour and 4 hour time frames?

[Topher]

Hi Richard I look forward to reading your journal for your higher time frame, I know that you have been using both the lower and higher time frame and your results for both are very impressive but I too am looking to trade the higher time frame as I find it too consuming being at the screen all the time and sods law is when I leave the screen miss the good set ups so I will follow your journal with interest. Can I ask which pairs you will be following and will this be the 1 hour and 4 hour time frames?

Tracy

I will be trading the pairs shown in my post on 6th April and will be H1 and H4.

For me the time reward of M1 v H1/H4 is just not there. I am currently building my own house and it is taking up a lot of my time. I will still trade M1 just not to the degree that I have been doing and maybe if/when I get the house done I might get back to the routine that I have been in.

I like aims and feel it is a very good system it is more my hectic lifestyle that is driving this.

Richard

[Ladytrader]

Hi Richard, wow building your own house!!!!! Good Luck with your project. I will let you know how I get on with my 1 hour trades

[Den]

Hi Richard,

Was wondering where you got your excel journals from. ? As i would like to purchase some.

Cheers for now Dennis