Those candles on m1 (Gbpusd) were like watching a drill go down into a piece of wood.....................
How sweet it would have been to trade it with real money, but I've had the afternoon with a buddy and we both resolved to stay away and enjoy the warm feelings after making 5% in a day It was 15% yesterday I will tell you how I have tweaked Aims to do it one of these days........
Ray's amnesty page
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wiseambitions
- AIMSter
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Re: Ray's amnesty page
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
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Re: Ray's amnesty page
Doesn't seem anyone else has posted to journals since Friday morning and since which obviously a lot has happened!
Brokers still maintaining higher than usual margin requirements. Noticeably on Friday variable bid-offer spreads were all over the place, typically ranging 1.5 to 20 pips on Dax, instead of the more regular 1.0 The latest news from brokers I trade with suggests this pattern of high margin requirements eg 5% will continue and be reviewed daily. Interesting to note that Pepperstone (Australian) did not increase their margin requirements so much as the UK brokers with whom I run platforms.
Care still required. The charts seemed as right as ever (I mean more than 50% of the time they should have been profitable, assuming flawless execution) in their signal generation on Friday, but I didn't like the tall candles (25 and more pips a minute volatility, with jumps of 10 pips and some obvious delays in the calculations being observed) nor did I like slippage due to delays getting instant orders filled, pending orders and stop losses were still a bit subject to slippage.
Brokers still maintaining higher than usual margin requirements. Noticeably on Friday variable bid-offer spreads were all over the place, typically ranging 1.5 to 20 pips on Dax, instead of the more regular 1.0 The latest news from brokers I trade with suggests this pattern of high margin requirements eg 5% will continue and be reviewed daily. Interesting to note that Pepperstone (Australian) did not increase their margin requirements so much as the UK brokers with whom I run platforms.
Care still required. The charts seemed as right as ever (I mean more than 50% of the time they should have been profitable, assuming flawless execution) in their signal generation on Friday, but I didn't like the tall candles (25 and more pips a minute volatility, with jumps of 10 pips and some obvious delays in the calculations being observed) nor did I like slippage due to delays getting instant orders filled, pending orders and stop losses were still a bit subject to slippage.
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
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- Joined: 28 Aug 2015, 17:21
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Re: Ray's amnesty page
Thanks for your thoughts. Thought you guys were just shell shocked!
I am wary about trading until about Wednesday. Maybe I will miss some good trades but maybe I will NOT miss some big gaps either broker or market created.
Ed
I am wary about trading until about Wednesday. Maybe I will miss some good trades but maybe I will NOT miss some big gaps either broker or market created.
Ed
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immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
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Re: Ray's amnesty page
I think THE BOE "algos" will continue to trickle buy. All we have to do is find out if there is a level they are defending. And that will eventually fail and then we will see the proper spike down... Just a speculation
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!
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wiseambitions
- AIMSter
- Posts: 1127
- Joined: 17 Sep 2012, 21:36
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Re: Ray's amnesty page
Hi Immy, I honestly don't know what the algos are up to, but I think they are still working and my reason is simple for saying so.
If you look at the exact moment of a new hour candle, and just as often the half hour candle, you'll notice the price moving a fair bit. I'm sure that is due to automatic trading systems
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Monday morning. My trading has been sloppy but in all that was going on with Dax I have taken 140 points net profit. Up to 1145 UK time.
PF (in terms of pips) was 1.7, but better than that when considering return on capital. (double digit!), so I won't kick myself too hard, but I did let some go rather too far in loss, it was a bit scary when the market was moving 30 or more pips every minute.
I'm trying hard to stay in a trade longer when it is trending. Nothing to do with Aims, but for the possible interest of anyone who wants to do the research, I still suggest you look at tracking the trend line until price reverses, in terms of something like 89 periods on the Linear MA, which comes out the same as around 55 exponential (both of these are fibonacci numbers!)
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If you look at the exact moment of a new hour candle, and just as often the half hour candle, you'll notice the price moving a fair bit. I'm sure that is due to automatic trading systems
---------
Monday morning. My trading has been sloppy but in all that was going on with Dax I have taken 140 points net profit. Up to 1145 UK time.
PF (in terms of pips) was 1.7, but better than that when considering return on capital. (double digit!), so I won't kick myself too hard, but I did let some go rather too far in loss, it was a bit scary when the market was moving 30 or more pips every minute.
I'm trying hard to stay in a trade longer when it is trending. Nothing to do with Aims, but for the possible interest of anyone who wants to do the research, I still suggest you look at tracking the trend line until price reverses, in terms of something like 89 periods on the Linear MA, which comes out the same as around 55 exponential (both of these are fibonacci numbers!)
--------
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
120 pips on best trade of the day, opened around 1340 UK time
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
96 pips this afternoon. I came out once with 60 pips but realise that not all conditions to exit had been satisfied at the level I had ratcheted my stop loss, so went back for another 36.
Have to admit I only won 4 out of 11 trades today but the winners compensated well for a series of small rents
The system eventually comes through right for me if I have the guts to follow what it tells me to do. (except for those horrible days when the market whips me to pieces without moving)
Have to admit I only won 4 out of 11 trades today but the winners compensated well for a series of small rents
The system eventually comes through right for me if I have the guts to follow what it tells me to do. (except for those horrible days when the market whips me to pieces without moving)
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
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Re: Ray's amnesty page
Strange activity on Dax in the night. Futures rose about 100 pips between 2100 UK Time and 0500 following which it opened practically where it left off then fell sharply after London opened. Perhaps in some part the overnight behaviour was due to ascension of NY 30
H4 AO rising, so perhaps not such a surprise, and admittedly Dax has not recovered so well as FTSE100 in the last few days.
I suppose 100 pips is only 1% of the index but even so it shows the risks of trading higher TFs, leaving trades running over night and not being there to watch.
H4 AO rising, so perhaps not such a surprise, and admittedly Dax has not recovered so well as FTSE100 in the last few days.
I suppose 100 pips is only 1% of the index but even so it shows the risks of trading higher TFs, leaving trades running over night and not being there to watch.
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
My best trade today was opened at around 1535 UK time
I was a bit late getting out on the first impulse wave but did better than had I waited for price to come back to alligator lips
Important to say I had a couple or three losing trades after NYO, where for about an hour it seemed to lack direction, until this winner which was big enough to well and truly compensate those smaller losses, so I consider it a good afternoon. Much of the rise in the last trade happened while the Governor from the Bank of England was speaking, indeed the price seemed to track whether what he was saying was "useful" or "boring" on a minute by minute basis. Yes, of course the German markets usually react immediately to what London is saying.
I was a bit late getting out on the first impulse wave but did better than had I waited for price to come back to alligator lips
Important to say I had a couple or three losing trades after NYO, where for about an hour it seemed to lack direction, until this winner which was big enough to well and truly compensate those smaller losses, so I consider it a good afternoon. Much of the rise in the last trade happened while the Governor from the Bank of England was speaking, indeed the price seemed to track whether what he was saying was "useful" or "boring" on a minute by minute basis. Yes, of course the German markets usually react immediately to what London is saying.
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."