Ray's amnesty page
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 15
Re: Ray's amnesty page
The amnesty was getting cold lately... what's going on?
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 Immy, nice to hear, I've been away a few days
Returning to normal. But hey one of my brokers is closing MT4 next month so I'm looking for a new SB provider.
A colleague of mine opened an account with IG. I am inclined to ask him why, having looked at the bid-offer spread they want, eg Gold 4, Dax 1.3 minimum!
Returning to normal. But hey one of my brokers is closing MT4 next month so I'm looking for a new SB provider.
A colleague of mine opened an account with IG. I am inclined to ask him why, having looked at the bid-offer spread they want, eg Gold 4, Dax 1.3 minimum!
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: Ray's amnesty page
Just had a hat trick of more than a dozen winning trades in a row at Pepperstone for a family acount
But alas, the last currency I tried to open, EurJpy, took 110 seconds to go through as an instant order.
Leaves me wondering....................
But alas, the last currency I tried to open, EurJpy, took 110 seconds to go through as an instant order.
Leaves me wondering....................
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
The following charts represent the results of many trades and I think are statistically significant. However the output is probably related to my own trading style.
Simply it shows the fractions of my total trades by the pair (30% of trades for example were in forex), against the % of my total profits which those pairs generated (only 13% of my total net profits came from forex).
It is important to state of course that some pairs are more volatile than others. I.E. When NFP came through on Friday, the Euro jumped miles and so did gold. It would not have been a good experience to be the wrong side when the thing moves like that, I also had that 110 second delay on an order, which I mentioned, which could easily have been the painful experience of a stop loss not getting enacted!
Simply it shows the fractions of my total trades by the pair (30% of trades for example were in forex), against the % of my total profits which those pairs generated (only 13% of my total net profits came from forex).
It is important to state of course that some pairs are more volatile than others. I.E. When NFP came through on Friday, the Euro jumped miles and so did gold. It would not have been a good experience to be the wrong side when the thing moves like that, I also had that 110 second delay on an order, which I mentioned, which could easily have been the painful experience of a stop loss not getting enacted!
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."
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baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
Re: Ray's amnesty page
Ray,
Once again you have given us a way of looking at our trades to see where we get the most bang for the buck. Question: Did you use the same method trading all these instruments? AIMS?
Thanks again,
Ed
Once again you have given us a way of looking at our trades to see where we get the most bang for the buck. Question: Did you use the same method trading all these instruments? AIMS?
Thanks again,
Ed
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
- 13
Re: Ray's amnesty page
That's a good question. Generally I would be using similar entry and exit rules (which for me are a bit of a hybrid between Classic Aims and other overlays which I have invented which seem to work for me). But the main difference would be in money management, i.e. scale of lot size and % risk between various pairs.
I am always interested in 5 day ADR divided by the usual bid/offer spread and have identified gold, euraud etc as the best alternatives to Dax if I want to diversify a bit. Today (6/6) I was not finding much action on Dax and about half my trades were in other things and 2/3 of my net profits came from those other things too.
I am always interested in 5 day ADR divided by the usual bid/offer spread and have identified gold, euraud etc as the best alternatives to Dax if I want to diversify a bit. Today (6/6) I was not finding much action on Dax and about half my trades were in other things and 2/3 of my net profits came from those other things too.
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
Not surprising, concerning the UK EU referendum 23.6.2016 ("Brexit" vote), severe turbulance is expected
Notifications are coming in from some brokers already that they propose, and suggest it will be an industry-wide effect, to require double and sometimes more than double the margin requirement to trade currencies and indices.
Some are imposing this from the start of next week, 12/6, and it is expected to be like this until at least the weekend after the referendum.
Meanwhile it is said more sterling is leaving the UK (eg being converted to other currency) at this time than at any time since 2009 when the credit crunch was at its worst.
We live in interesting times.
Notifications are coming in from some brokers already that they propose, and suggest it will be an industry-wide effect, to require double and sometimes more than double the margin requirement to trade currencies and indices.
Some are imposing this from the start of next week, 12/6, and it is expected to be like this until at least the weekend after the referendum.
Meanwhile it is said more sterling is leaving the UK (eg being converted to other currency) at this time than at any time since 2009 when the credit crunch was at its worst.
We live in interesting times.
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
- 15
Re: Ray's amnesty page
We live in interesting times... indeed
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
The EU Referendum in UK is well known to bring in a lot of volatility. More perhaps than the Greek crisis, and certainly not unexpected as was for example the Swisse move of early 2015 (which brought down a few brokers as well).
I am not sure whether it is even adviseable to trade (except small lots, well controlled risks) after the middle of next week, however I have been wondering which pairs will be most affected. No prizes for thinking in terms of GBPUSD EURUSD FTSE100 DAX30 etc.
On the other hand I have been wondering which pairs will be least affected. Very likely the ones most remote from the UK/EU economies.
I found a correlation list online just now, https://www.oanda.com/forex-trading/ana ... orrelation Perhaps there are easier ones than this to understand, but I suppose the stuff with the lower relationship with UK politics might be such as Aud v Nzd, sugar, Cad v Swisse, and perhaps these have bigger ask/bid spreads relative to ADR than it is sensible to pay.
Also this week the high level talk has merely been "risk On" or "risk Off", so we have seen some crazy rises in things like gold as people look to invest in safe havens (and risk "on" seemed to come back into favour Thursday pm).
Sorry if I have missed anyone elses musings on this stuff because I haven't really read other peoples' journals for a few days.
We gotta stay safe. Fortunes will be made and lost, last year seemed to be my lucky year for getting things right (I more than doubled my money in 10 days more than once last year on the Greek problems), but I think this referendum would be nothing more than a gamble on same strategy.
I am not sure whether it is even adviseable to trade (except small lots, well controlled risks) after the middle of next week, however I have been wondering which pairs will be most affected. No prizes for thinking in terms of GBPUSD EURUSD FTSE100 DAX30 etc.
On the other hand I have been wondering which pairs will be least affected. Very likely the ones most remote from the UK/EU economies.
I found a correlation list online just now, https://www.oanda.com/forex-trading/ana ... orrelation Perhaps there are easier ones than this to understand, but I suppose the stuff with the lower relationship with UK politics might be such as Aud v Nzd, sugar, Cad v Swisse, and perhaps these have bigger ask/bid spreads relative to ADR than it is sensible to pay.
Also this week the high level talk has merely been "risk On" or "risk Off", so we have seen some crazy rises in things like gold as people look to invest in safe havens (and risk "on" seemed to come back into favour Thursday pm).
Sorry if I have missed anyone elses musings on this stuff because I haven't really read other peoples' journals for a few days.
We gotta stay safe. Fortunes will be made and lost, last year seemed to be my lucky year for getting things right (I more than doubled my money in 10 days more than once last year on the Greek problems), but I think this referendum would be nothing more than a gamble on same strategy.
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."
-
baldeagle
- AIMSter
- Posts: 119
- Joined: 28 Aug 2015, 17:21
- 10
Re: Ray's amnesty page
Ray,
Glad you brought this topic up. I haven't heard any discussion anywhere else on the site but sometimes the forwarding notice of new replies doesn't work for me.
I am inclined to say that trading next week will be treacherous. The brokers certainly think so requiring more margin for certain pairs.
Immy, what is your opinion?
Ed
Glad you brought this topic up. I haven't heard any discussion anywhere else on the site but sometimes the forwarding notice of new replies doesn't work for me.
I am inclined to say that trading next week will be treacherous. The brokers certainly think so requiring more margin for certain pairs.
Immy, what is your opinion?
Ed