Ray's amnesty page
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Ray's amnesty page
Just to let you know, I'm watching intently! the 6 pip game is on! nice... lets see if you show consistency here! it is really interesting
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!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
immy wrote:Just to let you know, I'm watching intently! the 6 pip game is on! nice... lets see if you show consistency here! it is really interesting
Hi Immy, I think there's a lot to be said from taking just a few pips, eg 6, several times a day for a return of 0.5 to 1.0 per cent in quick scalps. The only trouble is knowing whether it is safe to enter when the SL is going to be higher than the potential rewards. I find that a typical SL on m5, including spread has to be around 10 to 12 pips. So it needs a high winning rate.
It potentially suits me because I so often lack the confidence to let winning trades run.
6 pips more than losses in a day makes 30 pips a week. 12 pips more than "rents" in a day makes 60 in a week, and that is the kind of number where half of it would release enough income for me to live on and the remainder would well leave something useful for compounding.
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
See here how ewaves indicator helped me target the right TP, tz1 on M5 this morning
(I stayed in this trade despite a black dot the other direction because my original SL still had a bit of spare room and I dared to wait)
Within another 10 minutes the price retraced 10 pips and I wouldn't have had a very good outcome if I had been more greedy (update, retrace was 15p after 20mins - and would have erased my gain)
(unless it tanks again).
I don't know what happened in the Asian session to smash the price down.
A buddy of mine says it's not the Bill Williams system to call a market 'overbought', but surely after the last 3 or 4 days some correction is due........?
I am grateful to the Aims system for getting me a nice win this morning.
(I stayed in this trade despite a black dot the other direction because my original SL still had a bit of spare room and I dared to wait)
Within another 10 minutes the price retraced 10 pips and I wouldn't have had a very good outcome if I had been more greedy (update, retrace was 15p after 20mins - and would have erased my gain)
(unless it tanks again).
I don't know what happened in the Asian session to smash the price down.
A buddy of mine says it's not the Bill Williams system to call a market 'overbought', but surely after the last 3 or 4 days some correction is due........?
I am grateful to the Aims system for getting me a nice win this morning.
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."
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ray's amnesty page
Well done Ray!
btw. you don't need to know Why something happened, because you cannot check with 10 million people at the same time. But then again you can, look at the price and you know the world is thinking about EU right now. My fav quote is, "The market is where it is, because thats where it's supposed to be and its supposed to be there because thats where it is". I don't give a shit why and how it got to where it is. I just want to know one thing. I THIS A SETUP!
And overbought and over sold is BS!
IMHO>
cheers
btw. you don't need to know Why something happened, because you cannot check with 10 million people at the same time. But then again you can, look at the price and you know the world is thinking about EU right now. My fav quote is, "The market is where it is, because thats where it's supposed to be and its supposed to be there because thats where it is". I don't give a shit why and how it got to where it is. I just want to know one thing. I THIS A SETUP!
And overbought and over sold is BS!
IMHO>
cheers
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!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Hi Immyimmy wrote:Well done Ray!
btw. you don't need to know Why something happened, because you cannot check with 10 million people at the same time. But then again you can, look at the price and you know the world is thinking about EU right now. My fav quote is, "The market is where it is, because thats where it's supposed to be and its supposed to be there because thats where it is". I don't give a S**t why and how it got to where it is. I just want to know one thing. I THIS A SETUP!
And overbought and over sold is BS!
IMHO>
cheers
Yes I think the beauty of Aims, being 99% technical, is that opinion and news and economics hardly come into the equation. I find that listening to the opinions of 'the experts' is inclined to make me take the signals incorrectly. And more than half the experts are usually wrong. The main thing is just to be a bit mindful of major new releases, eg NFP, and wait until the market has digested it (eg 5 to 15 minutes later) before opening new positions.
Hope these setups keep reliably coming and rewarding us. I don't care whether the market is going up or down so long as I'm on the right side of it.
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."
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ray's amnesty page
Well, they have been coming for the past 20 odd years (based on data i have checked for m5/m1 and since 1971 for Daily Time frame)
Hope these setups keep reliably coming and rewarding us. I don't care whether the market is going up or down so long as I'm on the right side of it.
exactly the way you see them today. So yes, there is no need to pray for this, because the possibility of market changing is very low and slow. When we walk, how different can you walk? when you chew food how different can you chew? when you buy and sell, how different can you buy and sell?
IMHO
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!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
That's right Immy, and meanwhile the algorithms for many robot trading systems come and go. The example is a system which just bought (or shorted) GBP v USD at 0630 every morning if two indicators said the same thing. on 40tp 40sl. Between roughly 2006 and 2010 it would have made you shedloads of money, but between then and now it would have given it all back. That's how the market changes, but this method we are all using is timeless. As long as we can stick to the rules we can't go wrong.immy wrote:Well, they have been coming for the past 20 odd years (based on data i have checked for m5/m1 and since 1971 for Daily Time frame)
Hope these setups keep reliably coming and rewarding us. I don't care whether the market is going up or down so long as I'm on the right side of it.
exactly the way you see them today. So yes, there is no need to pray for this, because the possibility of market changing is very low and slow. When we walk, how different can you walk? when you chew food how different can you chew? when you buy and sell, how different can you buy and sell?
IMHO
I just made another 6pips on Setup 2 on m1 (but usually I trade M5 where there have been few signals today).
Graph shows my lucky trade. Today has been fantastic. I seem to notice my success is less in the NY session, I earn most in the mornings. Perhaps there's a message for me in that.
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
m5 Just after 3pm
I saw a setup 1 on m5, price just germinating above the purple line, and also on m15 price was rising out of the Aims box
Entered a long trade for 6pips but before I could see what was happening my TM made it 4 and a bit pips, and before I could adjust it closed me out. 4 and a half pips in under a minute.
I wonder if anyone else finds their Trade Managers don't always get the sums right.
I'm not complaining though. Every little helps
I saw a setup 1 on m5, price just germinating above the purple line, and also on m15 price was rising out of the Aims box
Entered a long trade for 6pips but before I could see what was happening my TM made it 4 and a bit pips, and before I could adjust it closed me out. 4 and a half pips in under a minute.
I wonder if anyone else finds their Trade Managers don't always get the sums right.
I'm not complaining though. Every little helps
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."
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: Ray's amnesty page
You exited right at the top! I don't know how you did it, but perhaps, sometimes "knowing without knowing how you know" kicks in each of us! cheerswiseambitions wrote:m5 Just after 3pm
I saw a setup 1 on m5, price just germinating above the purple line, and also on m15 price was rising out of the Aims box
Entered a long trade for 6pips but before I could see what was happening my TM made it 4 and a bit pips, and before I could adjust it closed me out. 4 and a half pips in under a minute.
I wonder if anyone else finds their Trade Managers don't always get the sums right.
I'm not complaining though. Every little helps
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!
-
wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
Yes I have been fortunate getting out of one or two trades profitably lately
My Aims trades have given me over 20 pips today net profit, which as Immy would say (for himself) is enough to keep the jobs away. A few more weeks, perhaps say 3 months, like this and I'll definitely see a better lifestyle in trading Aims than in running other business.
It is amazing that this seems to be a system which in the context of 2 or 3 days recovers all its drawdown and puts one in profit. That's because I'm comparing this with other strategies (including robots) sold as 'effortless' which I fell for in my journey to a reliable system, and which have a nasty habit of depleting one's account rather sharpish.
Future millionaire - pip by pip. ........ building with bricks which get bigger as we go along....
My Aims trades have given me over 20 pips today net profit, which as Immy would say (for himself) is enough to keep the jobs away. A few more weeks, perhaps say 3 months, like this and I'll definitely see a better lifestyle in trading Aims than in running other business.
It is amazing that this seems to be a system which in the context of 2 or 3 days recovers all its drawdown and puts one in profit. That's because I'm comparing this with other strategies (including robots) sold as 'effortless' which I fell for in my journey to a reliable system, and which have a nasty habit of depleting one's account rather sharpish.
Future millionaire - pip by pip. ........ building with bricks which get bigger as we go along....
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."