Topher's Journal

[Herbert]

Hello hello, awesome Richard!! (*) A wonderful P5 hidden across multiple TF's, 1H w3, m5 w4(3-5+div) termination, H1 38.2 w4 fib retrace, exploding w5 down...

Herbert

[nickderby]

Well done Richard, congrats.
I also caught this move but as a professional trader I didn't take the risk and enter 10 minutes before major news.
You're luck was in.

In fact entered 40 minutes before the news on a signal, so no news issue until I was well in profit and able to hold with no risk of a loss.

It seems I'm having difficulty understanding why you take particular trades and why you exit. While the news of your success and the pictures that illustrate it are an inspiration to some in this forum, it's tough to reconcile some of your apparent trading contradictions sometimes.

Please don't stop posting your trades as many find them useful but I'm sure their use would increase dramatically if you explained why, for example in this recent trade:

1. Why did you enter 10 mins before major news ?
2. Why you didn't close 1/2 your trade after 10 pips on this occasion as you normally do.
3. Why you didn't close anything at the overnight lows around 65 ?
3. Why you manually exited in the 30 region rather than in the 50 area after the the retrace.

What are you looking at when you re in profit and looking for an exit point ?....price ? AO ? Volume ?

I'm sure there are good reasons but it would be 10 times more helpful to 10 times more people in this forum if you would state them, rather than just celebrate them knowing that there are others who will certainly not have made the gains you did.

Please see this as constructive and positive with the aim of helping all who follow your posts. If you would add a little more insight to your valuable posts your journal would be read and appreciated by many more I'm sure.
To say for example that you're an experienced price action reader is fine but doesn't really help anyone...specifics are the answer I'm sure all who read this forum would agree.

Please don't take this as a criticism. It is intended to illicit the gems of information that you clearly have and would help the majority of newer traders in this forum to a profitable monthly trading pursuit.

Many thanks for your continued and detailed insight and best regards as always,

Nick

[Topher]

Nicely done Richard,

just to clarify, you entered 10 mins before red news (draghi speech)??

cheers

Grant

Grant

I set my PO on the 8:17 red dot as it was a superb setup. I knew the news was at 8:30 but made a decision to go for it and had my PO triggered at 8:19. On the same candle I had my sl to b/e and by 8:21 was at +1% which was the 60min low and my original target.

Richard

[Topher]

Nick

Thanks for your comments.

My trading style is very simple, I trade what I see, I don’t over analyse and I am not big on words. I am a practitioner as opposed to a theorist.

My system works for me and I am more than happy with my amateurish monthly gains.

Richard

[nickderby]

Illuminating as always, quite arrogant too.
You and anyone who reads this might have noticed, straightforward pip-bragging is not high on my list of virtues.
Explanations of successes however....much more helpful to newbies in the forum.

[Bettina]

Good morning Richard,

I am a person, who tends to overanalyze markets ( eveything ) and sometimes regret, that intuition doesn't work for me. Though I understands Nicks points, I enjoyed and estimated your trades and pics, because they showed me, which kind of trade intuitive people feel as to be good trades and I could ask me, why I didn't get them.

So, I could also learn from your kind of trading : People are different - and shall stay to be different.
The discussion got a little an aggressive touch, which shouldn't be in this forum and I hope, you will share some of your trades also in future ( after having overcome your probable anger ).
Bettina

Added after Herbert's post : Sorry for the "intuitive", should be something very positive and not mean, that you weren't applying principles. You often mentioned that you were waiting for trades, that cried for being taken: that's what I mean - my trades don't cry .

[Herbert]

Apology for this post in your journal Richard.

I always consider value as contribution made to a given cause. Looking back at Richard's contributions, there has been many, all practical for immediate use.
Richard, I see your posts and results as an experienced trader applying AIMS principles. Well done, please continue as you see fit.

Nick, having no contribution from you visible, I consider your public comments here out of line and irresponsible to the forum, in stark contrast with the goodwill shared by it's active participants and it's creator. You being a professional trader, I look forward to your own journal postings so myself and others can learn from you too.

Herbert

[Topher]

Bettina/Herbert

Thanks for your positive comments they are greatly appreciated.

When I started trading Aims one thing that helped me a great deal was seeing the trades posted in the journals. The charts alone were enough for me and I naturally assumed the charts I posted were also. Apparently this is not the case for everyone so in future I will make an effort to give a brief explanation on what I see.

I post all my trades and will continue to do so although there won’t be any before next Thursday as I am enjoying a few days away.

Have a great weekend.

Richard

[Topher]

Debated long and hard whether I should post this trade. At the end of the day it is an Aims trade and one I took today so thought why not.

I had been watching this closely and thought I had missed my opportunity for the short when the large candle at 13:45 broke the aims level short. When the next opportunity came I jumped at it.

Exit was logical as there was strong support at 1.3181 which coincided nicely with the 161.8 fib level, once the pin bar candle had closed I new it was time to get out so I manually exited the trade.

Today has being a great trading day. If the rest of 2013 are only half as good we are in for a treat.


Richard

[Herbert]

That was then an excellent debate Richard. Glad to see you posting trades again I can learn from. My magnifying glass is out... B-)

Herbert